You have got to be kidding me.
The Treasury Department is considering buying equity stakes in insurance companies, a sign of how the government’s $700 billion rescue program could turn into a piggy bank for a range of beleaguered industries.
How far will this go? The spending has to slow off somewhere. It seems to be a run away train though… we just have to wonder when it is going to fall off the tracks.
Oh wait… lets bail out ethanol while we are at it
These ethanol got burned in the futures market? But…didn’t Byron Dorgan and the Democrats tell us that speculating is the devil? And now we’re bailing these companies out after they lost their shirts speculating?
So, the technology isn’t really paying off like they thought, so they started speculating, then lost big on that too. So lets throw some money at the issue because that always solves the issue.
[tags]olorinpc, politics, bailouts, treasury department[/tags]