The Great Financial Do-Over

The Great Financial Do-Over

I’m more concerned about the overall premise of the bailout. It seems a bailout of Wall Street, written by Wall Street, benefiting nobody but the very people most at fault for the current financial conditions. Essentially, I imagine it like this: Paulson went into a room with some investment bankers. “OK,” he says, “what do we have to do to solve this economic crisis?”

“Um… you could give us all free money?”

“Sounds good to me! Problem solved!”

“Oh, and make sure there’s no oversight. If there’s oversight, the economy will be screwed…”