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Monday, September 29, 2008 12:00 AM

Bailout follows the 10 normal principles for how our government functions

The transfer of hundreds of billions of dollars to Wall Street is anything but "extraordinary."

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  • Monday, September 29, 2008 02:49 PM

    To point #10

    As to point #10, remaining and becoming rich, I say "Nuts!":

    Thomas Wolfe: "Shed no tears for the Masters of the Universe, however, not that your correspondent actually thought you might. Most of the young Masters already have their own personal nut free and clear. “Nut” is the term for the amount of money you need salted away in weather-proof investments in order to generate enough interest to live comfortably in Greenwich on Round Hill Road, Pecksland Road or Field Point Road in a house built before the First World War in an enchanting European style, preferably made of stone featuring the odd turret, with a minimum of five acres around it and big enough to be called a manor. Every Master of the Universe knows the number."

    http://www.nytimes.com/2008/09/28/opinion/28wolfe.html

    Again Wolfe: "It may dash your hopes for that nice warm feeling called Schadenfreude, but the Masters of the Universe are smarter than the people they left behind at the investment banks. Their hedge funds have blown up here and there, but unlike the investment banks, they are still very much in business. They have hurriedly pulled themselves into defensive positions inside their shells, like turtles. Their Armageddon, if any, will not come for two more days, which is to say, Tuesday, Sept. 30."

    That's tomorrow. Why did we need this bill immediately? Oh The Master's Armageddon, like Putin's head in Alaska's airspace, is upon them (us).

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