Wednesday, November 12, 2008


Following Blog Simple's move to become a bank, we see that General Electric has followed our lead, and has asked for coverage of $139bn, almost fourteen times our modest, reasonable request.

Despite its large size, we welcome GE as another recipient of Federal monies, as we will welcome other businesses, saving and loans, farms, unions, fantasy football leagues, schools, and day laborers.

The only persons and entities, real or imagined, that must be excluded from being the recipient of Federal largeness is the federal goverment itself. If and when the Fed asks the Treasury for a bailout, or vice-versa, we will know that the game is well and truly up, and we'll all be sucked into that black hole they're working on in Europe. But until that day, let the good times roll!


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