A Trillion here and a Trillion there

TARP3 announced today. Finally a real "Trouble Asset Relief Program"? Actually just a pledge to offer loans of 800B for consumer credit. I am losing count of the Trillions. Reasoning goes that if the banks don't do the lending someone must? Are we about to see FED branch offices battling out for your mortgage. My, my, it smells like real panic in Washington. Scarier is the fact that Wall Street barely reacted to the Trillion in spending. Dead cat.

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Anonymous said…
I just need $2 million :-)...
November 27, 2008 at 4:01:00 PM PST
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