It’s like their pouring water into a bucket with a hole in it, and then shoving the bucket up the ass of the taxpayer to hide the leak.
Sorry for the crude analogy but, man, between yesterday’s ramblings by Barney Frank about a homeowner bailout, and today’s revelation about Cerebus (the true beneficiaries in the Chrysler bailout), this is getting ridiculous. There is going to be a theme here: these costly bailouts only delay the inevitable. (more…)
