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uggabugga — ... cast. To be fair, he probably didn’t have much choice and I am willing to assume that the situation was dire enough to warrant the departure from custom. The problem is that each time the Fed appears to be functioning as an arm of the Treasury, it loses more of its aura. Judging by commentary I read and hear, it’s almost a foregone conclusion that if called upon to use its balance sheet for whatever reason that it will stand up and salute.Here's something along those lines: (emp add) WASHINGTON — The White House plan to ...

Swindle
The Sideshow — ... . Why would anyone want to invest in a financial system that absolutely no one trusts? Those banks aren't insolvent just because the government didn't give them enough money, it was because they can't be trusted with money in the first place. They should be allowed to go bankrupt and be strictly managed by the government until they can be resold into a new, restructured and highly-regulated environment. This, on the other hand, is an idea so transparently stupid and dishonest that Geithner should be arrested for fraud, corruption, and grand theft if he does it. ...