The Great Divergence

[Jester]

This is more what I was getting at it. I don't have a big problem with the bank bail out, but the way it was done drives me nuts.

On the plus side, they're actually now making money off TARP. But yes, it's galling that in a time when the Economitanic was sinking, it was the guys who piloted it into the iceberg who got the lifeboats.

I'd have nationalized the whole lot, cleaned out their books, then relaunched them a couple years hence with clean balance sheets and a new, less unstable mandate, backed up by some serious stabilizing regulation. But apparently that was a bridge too far.

-Jester