More Buyout Bullshit

The news on the buyouts gets worse as time goes on.  Hank Paulson is channeling John Maynard Keynes.  Now, he not only wants to bail out irresponsible bankers here in the United States, but word is out on the street that he wants the authority to bail out foreign bankers, too.

What in the hell is in the water in Washington?

According to Politico.com, Paulson told Clinton lackey George Stephanopolous "that coverage of foreign-based banks is "a distinction without a difference to the American people."

Oh yeah?  Frak you, Hank Paulson.  It's my goddamned tax money, and there is big distinction in it for me:  they aren't American companies.

This money man is a complete frakking idiot if he thinks this will go over well.  Is he trying to get Barack Obama elected President?  Because this will do it.

Paulson makes the quite-credible claim that the global financial markets are interconnected.  Great.  So when are Great Britain, France, Germany, Poland, Russia, and Switzerland going to pump their taxpayers' money into saving our financial institutions?  They have been making money hands over fists the last year as the Euro soared against the dollar.  Why not share the wealth a little bit?

Oh, yeah.  When it comes to saving the world, these days we need to stand alone.  When there is trouble somewhere -- even in Europe -- everyone calls the US.  When there is trouble in the US... no one answers the phone.

So here is what I say:  screw the Euro banks.  We aren't responsible for them.  Let their governments bail them out.  Hank Paulson and the other finance ministers can sit around the campfire and sing kum-ba-ya.

But they shouldn't use my taxes to do it.