In order to get the senate to buy into the bailout, a 120 billion dollar sweetner was added to the pot. Not bad for a day's work if you ask me.
On Capitol Hill, they call it "sweetening the pot." Out in the real world, it's called bribery.
This says it all.
Imagine the random fun an army of accountants could have with a $700 billion portfolio of this stuff? I can’t wait for the Fed itself to dispense with fair value accounting…
Just to add insult to injury, the senate managed to sneak into the bailout all sorts of random and insulting things...
The people get SHAFTED. AGAIN.
Not to add insult to injury but we also have a 650 billion dollar defense bill to deal with.
Question: What does the Bailout accomplish?
Answer: It rescues the guilty. - Paul Craig Roberts
Hey brother, can you spare me a dime?
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