...and...
“If money isn’t loosened up, this sucker could go down,” President Bush declared Thursday as he watched the $700 billion bailout package fall apart before his eyes, according to one person in the room.
Are these really the guys you want to give $700 billion to? Personally, I wouldn't bet a dime on the pair. And I've been known to make some pretty bad bets.
In the Roosevelt Room after the session, the Treasury secretary, Henry M. Paulson Jr., literally bent down on one knee as he pleaded with Nancy Pelosi, the House Speaker, not to “blow it up” by withdrawing her party’s support for the package over what Ms. Pelosi derided as a Republican betrayal.
[From Talks Implode During a Day of Chaos; Fate of Bailout Plan Remains Unresolved - NYTimes.com]
I'm no economist, it's true. But you don't have to be an economist to realize you're getting mugged.
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