Monday, September 22, 2008

better than shit ain't roses

I think John Cole is right on one key point. If the main selling point of the Dodd bailout proposal is that it is better than the Paulson bailout proposal then it should be considered just as dead in the water.

Saying something smells better than shit does not mean it smells like roses.

Frankly, I think everyone in Congress should just go home for a week and calm the fuck down. Yes, things are scary right now, but it is foolish to rush in to put out the fire before you know where the fire is.

Proposed "if I were king" rule: no legislative action is allowed within seven days of a crisis. Any system that can't operate for seven days without new legislation is a system that is fundamentally flawed to begin with.

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