by Frank Lewis
Baffled by all this talk about Goldman Sachs and TARP and TALF and such? Matt Taibbi breaks it down:
Ask yourself this question: has borrowing money gotten any cheaper for you this year? Did someone from the government walk up to you after you foreclosed on your house or missed payments on your charge card and, as a favor, just because you’re so cool, jack your credit score back up to the 99th percentile and invite you to start all over again? Because that’s what happened to these assholes. They made every bad move you can think of and they not only got a clean credit slate but a vitually [sic] ceiling-free spending limit.
Read the whole thing here. — Frank Lewis