Our Money, Gone

The banks we bailed out have finally come out with it: they can’t, don’t have to, and won’t, tell us what they are using our bailout money for.  Bonuses, CEO goodies, who knows? Certainly not us. It’s just out money, right? Go to your favorite bailed out bank for a loan tomorrow, don’t tell them what it is for, just that you’ll go bust if you don’t get it. Let me know how it turns out.

Learn, Learn, Learn

Regardless of who actually said it, the adage “Those who do not learn from history are bound to repeat it”, certainly seems appropriate just now. The Detroit auto magnates, now begging for $34m as opposed to $24m a week ago, haven’t come up with much of a plan yet for keeping out of history’s way. I do wonder how much they’d ask for if they all took the train to D.C. as opposed to flying corporate jets or driving hybrids. So far, it sounds like the money that you and I will be forking over will go for…..well, I guess I just don’t know. Do you?