The Ultimate Bailout

Well, it will be known in financial history as the ultimate bailout.  Apparently, an agreement has been forged that will have the government take all the bad debt of banks off their balance sheets and put them on the government's books.  It's really that simple.  The American taxpayer will have to pay off the debt.  Meanwhile, the creeps that fermented this situation will probably take a stress relief vacation to the islands to celebrate their good fortune.  Let's face it folks.  The US is no longer a "free enterprise" society.  We are now officially a European style quasi-socialist state.  Perhaps in the 21st century that won't be such a bad thing. 

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