Saturday, November 15, 2008

Bailout Plan No. 243321


Once again the Treasury and Congress are working on shifting the bailout plan or augmenting it.  At this point it doesn't really seem like they've had much of a "plan" to begin with.  Every week policy-makers are calling for new additions to the plan further demonstrating the lack of preparation the first package had.  As we continue to add to the bailout, policy-makers fail to step back and formulate a "plan" that will have an overreaching and long lasting effect.  Until they do, each attempt at solving the crisis will have no true direction or effect.

Hank Paulson's most recent "plans."

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