Slaughter of the Innocent Taxpayers

Today's episode of the Ben & Hank's Bail My Buddies Show

Ben Bernanke pumped $280 billion today into the credit markets to increase liquidity or 'grease the wheels,' and found that Wall Street didn't think it was enough.
So the big dogs Ben and Hank have now proposed that the Government will buy up any all distressed assets of all struggling financial institutions. Clearly this will burden tax payers with hundreds of billions of dollars of debt in exchange for worthless assets of these financial institutions.
This is being spun as "helping the little guy on Main Street."

It is unbelievable that when South Korean banks faced problems in 1997 the IMF, dominated by U.S., told South Korean government that it should let banks fail so that only the strongest will survive. Quite a number of banks did go bankrupt. Now, to realize that we would rather bail out our banks and everyone else rather than let them go....