Monday, September 29, 2008


Does anyone else hear the voice of the NBA Jam announcer when they read the word 'rejected'? Ok. So it's just me, then.

So the bailout plan has been rejected by the house with a vote of 228-205. Now what?

It is a testament to the power of the administration's fear machine that my mind equates the bailout plan with being saved from imminent economic collapse. There are other options, ideally options with some kind of oversight since lack of oversight and deregulation is what got us to where we are now.

Maybe we should look to Sweden.

I think that we need to hold these bank's accountable and writing them a huge check that we can't truly cash is irresponsible for us and too easy on them.


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