insanity is the thing
the prescience of ayn rand and her Atlas Shrugged continues to be certified by “reality”. even the humor of her imaginary headlines shines, fifty years later.
U.S. offers $2 trillion bank plan but stocks slump
[...]In a speech on television and in Capitol Hill testimony, Geithner made his case for how the Obama administration plans to handle the roughly $350 billion left in a $700 billion financial bailout fund approved by Congress in October.
Geithner said the lack of public confidence in prior rescue efforts had made it all the more difficult to stop “a dangerous dynamic” in which a lack of credit undercuts the economy and leads to more weakness among banks, worsening the recession.
“This is very complicated to get it right,” he said in an interview on Bloomberg Television. “We are going to try to get it right before we give the details so that we don’t add further to uncertainty in these markets.”
[...]
But Thomas Priore, president of ICP Capital in New York, gave Geithner credit for candidly laying out the depth and difficulty presented by the problem of how to restart credit flows when banks are burdened by hard-to-value, weak assets.
“He told it like it is. That’s a start,” Priore said.
how the fuck did i end up on this planet of violent nitwits and worshipers of violent nitwits? i ask yet again.