Why is this man smiling?

"Even before word came on Tuesday that Citigroup might split into pieces to shore up its finances, an unpleasant message was moving through Congress and President-elect Barack Obama’s transition team: the banks need more taxpayer money.

In all likelihood, a lot more money.

Mr. Obama seems to know it; a week before his swearing-in, he is lobbying Congress to release the other half of the financial industry bailout fund. Democratic leaders in Congress seem to know it, too; they are urging their rank and file to act quickly to release the rescue money. And Ben S. Bernanke, the chairman of the Federal Reserve, certainly knows it."

Of course we don't know where the 2 trillion dollars the Fed gave to parties unknown but that's ok, printing money is something the Fed knows how to do all too well. Note: the two trillion was fungible monies under direct control of the Fed.

"Strange as it ever was" - Talking Heads