UPDATE 12/06/07: The outline given the press yesterday does not mention Federal 'bailouts' of lenders or bond-holders. What should be inserted in that sentence? "YET." Bush to present the plan with details today.
Not that we haven't mentioned the general idea before, or anything.
When was that? August?
The Feds are not bailing out "little people with big loans." They are bailing out Countrywide, Goldman, Bear Stearns, Citibank, and a few others.
Very, very, DAMN few others.
Making the taxpayer "sub prime."
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