Many of you have probably noticed I have been on a rather long sabbatical. My apologies. Okay, so moving on…
Due to my absence, I have not discussed my thoughts on the $700 billion bailout that has done so much for the little guy (you know, the little bank executive whose boyhood dream was to conduct government backed take-overs of other bank). Nor have I spoken out about my joy that the Treasury is now loaning up to $7 trillion to unknown parties with little collateral for our own good. But now there is a new chapter in the saga that is our financial disaster story. THE HEROS OF THE TREASURY ARE HERE!!!
As a lowly citizen of our great democracy, what can I do when congress drags its feet? Seriously, they have a chance to use my tax money that they forced me to pay them to bail out a major American industry and they are wallowing in indecision. Not to worry! The Treasury is here to save the day.
Today, the Treasury has announced that they are ready to step in where congress has been slow. Never mind that the democratically elected government may decide to not bail out the Big 3.
“Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,” said Treasury spokeswoman Brookly McLaughlin.
Yay!!! We can all sleep tonight safe in the knowledge that we don’t have to rely on our democratically elected government to make decisions for us. Now we have the Treasury and it is reigns supreme.