And that would be a surprise?

I can’t find any use of the term [price discovery], or even a hint of the argument, until yesterday’s Senate hearings.

One possible explanation. It wasn’t until yesterday that they realized that it would actually be necessary to explain themselves.

But there’s another possible explanation, which I find terrifyingly plausible: the plan came first, and all this stuff about price discovery is an after-the-fact rationalization, invented when people started asking questions.

It has seemed very strange to me that such a supposedly crucial economic program would be based on such an exotic argument. My sneaking suspicion is that they started with a determination to throw money at the financial industry, and everything else is just an excuse.

It really is frustrating watching repeat disasters created by cretins and Thugs. Anyone notice how Obama has his role down pat. He will roll over (no more hoping on my part) just like all the other elected Dems. Just like cute little bunny wabbits following the buzzards over the cliff.

There is no hope for the US other than an uprising by the populace and at present there certainly is no hope for such action (certainly not from me). The only revolution that the US is going to get is being perpetrated right before our eyes by the Thugs.

Obama will make no difference. If elected, he may (or not) slow the process down. In the long run, who's to know if a roller-coaster decline under McCain and Ms. Christianist or a possibly slower demise under Obama will be any better.

Would it have been any different if Americans hadn't been so willing to line up at airports for Bush imposed ritual humiliations?