Atrios quotes John Cole - "We are so screwed"
and there's really not a goddam thing that anybody can say that sums it up any better than this...
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A Cunning Plan
John Cole sums it up pretty well:
- The Illness- reckless and irresponsible betting led to huge losses
The Diagnosis- Insufficient gambling.
The Cure- a Trillion dollar stack of chips provided by the house.
The Prognosis- We are so screwed.
Labels: Atrios, bailout, economic collapse, Federal Reserve System, financial meltdown, financial services industry, Treasury Department
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