The progress of creating a bailout of billions makes gripping reading as Republicans try to keep their heads below the parapet. The Democrats have become an indispensable part – presumably the Republicans think that if they’re seen as responsible if it goes pear-shaped. The encouraging thing is that so many people have been communicating their feelings so they can’t be ignored. Consequentially the deal which Paulson drew up originally looked like bailing out those largely responsible for the mess in the first place.
Back in the UK Satandar is picking over the bones of B & B encouraged by the government who won’t then have to nationalise it, well not in its entirely that is. The “toxic” bits would be added to those of Northern Rock. Perhaps we ought to be getting down to e-mailing the hopeless MPs who are allowing this to happen in this way.