BuckeyeBlog

“The Federal Deposit Insurance Corp., whose insurance fund has slipped below the minimum target level set by Congress, could be forced to tap tax dollars through a Treasury Department loan if Washington Mutual Inc., the nation’s largest thrift, or another struggling rival fails, economists and industry analysts said yesterday.”

“Government steps in again, bails out AIG with $85B”

Let’s see, what are we missing? How about Pension Benefit Guaranty Corporation. And, of course, Social Security. And what the heck, Medicare AND Medicaid.

Maybe we can find a highly paid professional to tell us not to worry, everything’s cool, the American taxpayer can do it all. But who is such a person? Who has the credibility, the true underlying value, the skill that she and only she has, to convey this message? Maybe Joyce Beatty and Curt Steiner aren’t too busy; I hear they’re moderately undervalued.

Tags: Beatty, Steiner, valuation

This entry was posted on Wednesday, September 17th, 2008 at 7:59 am and is filed under Accountable Government. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.