Saturday, September 20, 2008

F Troop Rides Again to Deal with Financial Crisis

After allowing Wall Street firms to package rubber arrows as robust instruments of financial protection, President Bush assembled a team to arrest the crisis of confidence threatening to implode the world's financial system. His "F Troop" already kept Bear Sterns, Fannie Mae, Freddie Mac, and A.I.G. from going under. But the financial fort remained under siege.

The team circled the horses, wagons, loaded their weapons, and strategized night and day for the last week. The answer? The U.S. government will buy back all those rubber arrows held in corporate coffers, hoping to resell them at a later date. The cost, $1,000,000,000,000 to $2,000,000,000,000!