Last Call

Obama on 60 minutes was pretty interesting stuff. Most telling quote:

“One of the things that I have to do is to communicate to Wall Street that, given the current crisis that we're in, they can't expect help from taxpayers but they enjoy all the benefits that they enjoyed before the crisis happened,” Obama said. “You get a sense that, in some institutions that has not sunk in. That you can't go back to the old way of doing business, certainly not on the taxpayers' dime.”

And I shake my head because the Geithner Plan seems to me like it's the old way of doing business, only precisely on the taxpayers' dime.

Wanting to limit executive pay across the board is one thing, but that's sturm und drang signifying nothing if the taxpayer is the one stuck with the bag should Timmy's plan come up snake eyes.

And there seem to be an awful lot of ones on the sides of those dice.