Monday, November 10, 2008

Give That Black Hole Some More Money

Evidently, if you run a completely rogue operation, and you run it down to the brink of bankruptcy, you can still get a bailout from the Federal Government. And then, after you've burned through nearly $100 billion of taxpayer money in less than two months, you get a mulligan; a bailout from your first bailout.

It's a sweet deal. And the likelihood is that when Bailout 2.0 fails, we'll all be on the hook for Bailout 3.0.