Originally posted 2009-03-22 20:41:56 -0500. Bumped by carol.
in 2 short paragraphs. A relatively long post for Atrios. Wheeeeeeeeeeeeee!
What's The Goal?
Others have made this point in various ways, but if the goal is to bail out the banksters and keep the existing too big to fail financial order in place with the same cast of characters in charge, then all of this sounds like a cunning plan.
If the goal was really to get banks lending again they'd be funneling large sums of money to healthy (mostly smaller) financial institutions who actually made sensible choices over the last few years.
Meanwhile a fire sale is going on: