Tuesday, March 24, 2009

I’m guessing disgusting stains for $75 billion, Tim

Okay. I’ve read (1) the press release for Timothy Geithner’s PPPIP Legacy Plan (“Flounder”); as well as (2) the handy list of legacy securities terminology (no more toxemia); and (3) the requisite application forms to join in the scavenger hunt fun (Press Hard-Duplicates; Do Not Sign in Red Ink; Use Swingline Staplers Only).

I’ve read it all and I’ve reached the following conclusion: This is just a big-ticket, high-stakes version of one of those auctions your neighbor goes to at the local self-storage company when they try to unload abandoned stuff. Only this time he’s going with great big flippin’ wads of your cash in his pockets. If he’s lucky, he gets a digital television or a stereo system with undersized speakers or a stash of vintage baseball cards. If he’s not lucky, you get stuck with some disgusting stained mattresses and a crumpled old Valtrex prescription for Paris Hilton.

4 comments:

Mo MoDo said...

This is really a second chance for fat cats the missed the first round to pick at the carcass of AIG. Somebody is getting rich off all this economic chaos. but it isn't me.

Dave B, a.k.a. catboxer said...

So, Grace, what do we do here?

Are we going to vote Democratic in the next election?

Or are we going to "waste our votes" pulling the lever for some obscure third-party candidates?

I feel So empowered.

Randal Graves said...

I cannot imagine making a living at reading overblown tripe like that. Where's my copy of Green Eggs and Ham....

Grace said...

Dave: I'm assuming you mean the next presidential election, in which case the answer depends upon whether everybody has decent healthcare, the shadow banking system has been sliced and diced down to a manageable size and strictly regulated, Mr. Nearing has a job, and there's a mini-windmill power-generating unit in my back yard -- although the last item is negotiable.