You've Got to be Fucking Kidding Me

Remember how Megan really loved TARP? I mean, yeah, she hates government economic intervention but the American economy is completely beholden to rich peoplethe banks and so it was a necessary evil. I guess that means she's going to really like Geither's new plan to stabilize the banking sector.

The Wall Street Journal adds that "critical details of the plan remained unanswered, despite the weeks of planning leading up to Tuesday's announcement." Plan? That's not a plan, it's a fervent wish. No details at all on the foreclosure program, and precious few beyond platitudes about the mechanisms for dealing with toxic assets. The only real new information is the amount: $1 trillion total, $500 billion to start.

I don't envy Geithner his position. But he's known this was coming for months. I expected a little more than telling us that he wanted to spend a lot of money to help banks clean up their balance sheets. We knew that much already.

God, he's such an idiot! Why couldn't he have an extensive, transparent three-page plan like Bernake did! I mean, Geither didn't even get on his knees and beg like the good little capital worshiping lackey the head of The Treasury (that's, uh, what Geither does, right?) is supposed to be.

I mean, housing prices had only been plummeting for years so it's not like Bernake had time to see the collapse coming or anything. It's not like a couple of physical scientists like myself and my brother who have no formal training in economics whatsoever saw this coming a mile away and pulled out of the market months before the dive.

IT'S TOTALLY DIFFERENT YOU GUYS! Also, it has NOTHING to do with the fact that Geither is a Democrat. Nope, nothing at all.

Geither should just listen to Megan's great ideas like, uh, the one about, um, giving banks a lot of money with no strings attached and the other one about, uh, like sucking off bank executives or something. I dunno. I forget what they are but she totally has some brilliant ideas.