Needs to be given to everyone in Congress:
Yes. And at the risk of linking too frequently to someone, what Larison said:
What people mean by the now dreaded phrase “too big to fail” is that large firms hold the people hostage and demand public support when they are in distress using the rhetoric of bombers whose explosives have dead man’s switches: if we go down, we take the hostages with us. What the government is doing right now is colluding in blackmailing the public for the benefit of the most egregious, failed risk-takers. With or without an equity share in the institutions whose debts the government takes on, this is really not much more than serving the interests of a relative few at the expense of the many.
It is nice to know there are actually sane conservatives out there still.
BTW- After a few days of CNBC running in the background, it is my firm opinion that the entire CNBC staff is morons and the douchebag frat boys who wore head to toe Tommy Hilfiger in 1992 while driving their dad’s BMW. A bigger collection of retards could not be found this side of Doug Feith’s inner circle or the Hugh Hewitt Carribean Cruise.