Tuesday, September 23, 2008

Student, car debt quietly added to bailout plan

In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other "troubled" assets held by banks.
If you're on the other end of that equation, (as taxpayer) you're fucked.

But you already were before this additional amount.

You have three choices the way I see it:
  • Get your donkey and plot of land...or a fishing pole.
  • Leave.
  • Jump on the receiving end.

If you decide to pay, you'll be one of the few holding that bag.

The whole country will sooner or later look like one big tent city anyway.

Then historians will write about it all by quill and candlelight.