Still working on major article. In meantime, here is some bailout humor from The Big Picture.
Rescued Companies and One Way Risk
By Barry Ritholtz - August 5th, 2009, 6:00PM
Amusing:
Federal Reserve Coupons
By Barry Ritholtz - August 5th, 2009, 4:30PM
Bet you didn't realize the Fed offered discounts to anyone outside PIMCO, BlackRock, JPM and GS...
Retail Me Not is a searchable coupon tracking site that refers users to deals. You can suggest coupons and sites, and download a widget which will pop up when the site has a coupon code in its database for you visit.
Looks like someone was having some fun with the coupons
Hat tip Bryan
China Warns Developed Nations of Inflation, Currency Threats
By Bloomberg News
http://www.bloomberg.com/apps/news?p...=aJc0HvimMNRE#
This is the most damning chart of the year.
http://3.bp.blogspot.com/_oCZImi8ZDjE/SMMJ1FslvuI/AAAAAAAAAAU/xXqaUifMVlk/s1600-h/mortgage_rate_resets.jpg
Each of those bars is a month for the year so you can kinda gauge how bad each month is going to be. This coupled with the talk of a bank holiday this fall, has me really believing that this fall will be the end of the banking system and fiat currency.
LOL