I was going to dub the new financial plan TANF 2 — temporary assistance to needy financial institutions, without, you know, any of the means-testing or work requirements involved when poor people get help.
But Jamie Galbraith (private communication) has trumped me; he says it’s the Bad Assets Relief Fund.
Yes, we’ve gone from bad, to worse, to BARF. Enjoy, darlings! Sometimes I feel like I’ll never be done mucking out this darned stall–but I can’t expect the poor, dear animals who $h!t the place up to clean it up now, can I?
I guess the only worse investment than the BARF plan is, well, paying $36 billion dollars for each Republican vote for the “Stimulus Bill” right? As Lambert at Corrente would say: “And we get…?”
UPDATED, later this afternoon: Wall Street no likee, either: “Stocks Plunge as New Bailout Disappoints.” Some days there’s just no pleasing people. Better luck tomorrow, Timmy!