Wednesday, September 17, 2008

If you have a bazooka...

Nationalization of AIG: Treasury to get 80% stake in return for $85 billion


Paulson: "If you have a bazooka in your pocket, and people know you have a bazooka, you may never have to take it out."

Wrong, Hank. Your bazooka shoots sunshine on troubled organizations.

Fannie 100bn
Freddie 100bn
AIG 87bn


How many bazooka shells ya got left, Hank?

So now do we need to insure against our insurance companies' going bankrupt?

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