The following extracts from Rebel Traders (blog) perfectly capture my attitude about the latest bailout attempt by Paulson and company. The bold Emphasis is mine.

And what a show it is. Today we learned that the CEO' s from major banks were summoned to Washington for an emergency meeting with Hank Paulson. And while in that meeting they were told to roll up their sleeves and the IV was placed into their arms. On the other end of the IV line is our wallets. For all intents and purposes this is nationalizing the United States banks. And because the tax payer is now connected right to the banks veins every disease they have will be carried over to you and I in the form of destroying the balance sheet of the United States even further.

http://blog.rebeltraders.net/2008/10/13/market-summary-the-greatest-show-on-earth/

The entire world is committing to recapitalize banks and basically insure every deposit ever made, forever and ever. Apparently, all central banks and treasuries and governments, are promising everyone a "do over" that will result in no consequences for bad actions. Pop the champagne corks, we' re all saved!! Holy crap. This is honestly so amazing I hardly know what to say. Except this: are they out of their ever-lovin' , freaking minds!!??!!

People, hang on, because this is an unsustainable rally. Why? Because, these are unrealistic promises being made. These are decisions by desperate people during desperate times. Still have money in a fund managed by someone else? Sure you still want to keep it there? Think long and hard about that. "Sell the rally" is still the theme, because the troubles are nowhere near to being over. NOWHERE, NO HOW, NO WAY!

http://blog.rebeltraders.net/2008/10/13/market-commentary-biggest-do-over-in-history/

Here is the 53 trillion dollar question: How does an insolvent government bail out an insolvent financial system? (trick question)

Got gold?