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My 'favorite' passage from Pearlstein's column is:
And they will come around, reluctantly, to the understanding that the only way to get out of these situations is to have governments all around the world borrow gobs of money and effectively nationalize large swaths of the financial system so it can be restructured, recapitalized, reformed and returned to private ownership once the crisis has passed and the economy has gotten back on its feet.
Returned. Nothing more. Just returned. We'll make it better, give it money, and maybe put in some oversight. After that? Just give it back. ROI? Not sure if there is one.
And, I'm sorry, but anyone demonstrating his 'prowess' by alluding to past accomplishments is an ass. And, if what you're saying is refuted by a ton of people who actually know of what they are speaking, you're motivation has to be questioned. That last statement was directed to both Pearlstein and Paulson.
I'm ranting. I know. Sorry.
