The mother of all bailouts

Well just when we thought we had seen it all comes word that the Secretary of the Treasury and the Fed Reserve Chairman are huddled with our Congressional leadership working out a bail out for the entire banking system in regard to bad mortgages. This one could put taxpayers on the line for upwards of a trillion dollars.  That is right Trillion with a T.  Jeez, is their a friggin' mortgage out there that is not in default? 

Similar to what we did with the Resolution Trust Company back in the Savings and Loan crisis (Does anyone remember the Keating 5?  Extra points for naming who was the number one of the Keating 5), we will set up a company that banks can sell or transfer all of their bad mortgages too.  This way they get all of the bad stuff off of their books and can get back to pillaging the little guys in this country.

Speaking of the little guys, where is their bailout?  Where is the government to help the people being put out of their homes everyday.  It is OK to give trillions of dollars to Wall Street fat cats and bank presidents, but the families being tossed out of their homes get nothing.  It just doesn't add up for me. If the banks and Wall Street need relief, so do the individual people who are already suffering from the greed and excess of the last years.  I am waiting to see what comes next.  In the meantime I am thinking of starting a bank to get my share of the bailout money.

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