Posted under: American history, unhappy endings, wankers
UPDATED BELOW
Via Corrente, the verdict on tax cheat Tim Geithner’s new plan to save the his universe:
I was going to dub the new financial plan TANF 2 — temporary assistance to needy financial institutions, without, you know, any of the means-testing or work requirements involved when poor people get help.
But Jamie Galbraith (private communication) has trumped me; he says it’s the Bad Assets Relief Fund.
Yes, we’ve gone from bad, to worse, to BARF. Enjoy, darlings! Sometimes I feel like I’ll never be done mucking out this darned stall–but I can’t expect the poor, dear animals who $h!t the place up to clean it up now, can I?
I guess the only worse investment than the BARF plan is, well, paying $36 billion dollars for each Republican vote for the “Stimulus Bill” right? As Lambert at Corrente would say: “And we get…?”
UPDATED, later this afternoon: Wall Street no likee, either: “Stocks Plunge as New Bailout Disappoints.” Some days there’s just no pleasing people. Better luck tomorrow, Timmy!
Indyanna on 10 Feb 2009 at 2:11 pm #
When even THEY are calling it a “bad bank,” what can you say? I wish I could offload that share in an Arizona LLC, which in turn is a shell entity for a chunk of Guam hillside. It doesn’t get much more “toxic” than that! I just got upgraded in my department depth chart to “[Indyanna] & Co.,” since I’m organizing the breakfast run for a visiting job candidate later this week. I think I’ll charge it straight through to TARP/BARF/Whatever! That way we can make it mocha-javas after all.