OK here is my analogy of the latest Geithner plan.
Picture a car full of screaming people shooting off a cliff, plunging to their death.
Now freeze frame.
Back up the film until the car is still a few feet from going off the edge of the cliff.
Now a guy in a nice three piece suit walks into the frozen frame of car, people screaming, etc. He opens the doors one at a time and goes thru everyone's purse, pockets, wallets, taking all their money, closes the doors, and walks out of the frame counting the money.
OK, now roll film.
Tuesday, March 24, 2009
Seen in a Calculated Risk comment thread: