Sunday, September 28, 2008

Relief for troubled assets! Just in Time!

From big Wall Street houses to small community banks, executives have expressed an interest in signing up for the bailout. wsj

Let's make that the Troubled Asset Relief Program, or TARP. So many of God's assets are troubled. So little time.

The general public has bristled at the notion of risking $700 billion in taxpayer funds to address mistakes on Wall Street, and many constituents have urged their elected officials to vote against the plan. nyt
One odd thing: The WSJ headline is*:

Crisis Hits Europe's Banks
As U.S. Seals Bailout Deal

But the story doesn't mention European banks a single time.

Guess we're all a little woozy.

[*The story was later reduced to "U.S. Seals Bailout Deal" - "seals" still sounds bit ominous]

As Obama noted after the debate, McCain didn't mention the middle class. Nor do these stories. Perhaps McCain is actually speaking the mainstream argot, and Obama, not.

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Blogger Juke said...

that Paulson story just woozed on out of here

9/29/2008 1:50 AM  
Blogger michaelo said...

That totally threw me. I read "Seals" as a noun (as in Navy) and "bailout" as a verb. Like calling in the National Guard, but hardcore.

9/29/2008 5:16 PM  

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