So...

Bernanke says we'll have a recession without a bailout. What the hell have we been in for the last two years?

But more importantly, why are we trusting the story these clowns are giving us?

Ask this question -- are the credit markets really about to seize up?

If they are then lots of business owners should be eager to tell how their bank is calling their 90-day revolving loans, rejecting new loans and demanding more cash on deposit. I called businessmen I know yesterday and not one of them reported such problems. Indeed, Citibank offered yesterday to lend me tens of thousands of dollars on my signature at 2.99 percent, well below the nearly 5 percent inflation rate. That offer came after I said no last week to a 4.99 percent loan.

If the problem is toxic mortgages then how come they are still being offered all over the Internet? On the main page AOL generates for me there is an ad for a 1.9% loan (which means you pay that interest rate and the rest of the interest is added to your balance due.) Why oh why or why would taxpayers be bailing out banks that are continuing to sell these toxic loans?...

Do we need a bailout of American and foreign banks? Show us in detail the reasons for this, and the numbers: make the case.

Is there a market solution to this? If so, why impose a government solution? If not what does that tell us about our entire economic theory?

Is there a less expensive solution?

How do we know this will not just be a downpayment on a much bigger
bailout?

Is there a solution that provides direct help to those who took out these loans, rather than those who sold them?

If AIG and others are too big to fail, what does that tell us about government anti-trust policy and regulatory policy and inaction?

Why have both Goldman Sachs and Morgan Stanley made clear that they want IN on this deal? Get skeptical and ask the basic questions -- who benefits, how much and what makes this plan so attractive that Goldman and MS want to participate? Ditto for GE. That they are others want to be included should prompt a great deal of skeptical questioning.
I don't know about the rest of y'all, but I'd like some answers to those questions before we cut anyone a check.

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