The idea of a bail ot really pi$$es me off (I even went so far as to write a letter to congress and the senate–realized the futility of it and nevers sent it), but we can take solace in knowing that any govt intervention will be wholly incompetent and only make things worse. You need look no further than Katrina, NO, and the rest of the gulf coast to get an idea of how this plan will pan out. The Fed and This administration have given a whole new meaning to the term ‘unintended consequences’.
