I'm pretty sure someone Serious publicly proclaimed that it is IMPORTANT that "taxpayers" understand the JPM-BSC guaranty is not a "bailout." That remark caught my eye, because I wrote an article the week the merger was announced. I'm still looking for the link on my HD.

I should have started a bookmark directory titled "Pelosi Opens Damn Mouth Again", when she announce during the summer of '06 that impeachment was off the table. She was not yet elected speaker. And I didn't. She continues though to telegraph reliably House consensus, regardless of caucus bias, on its activities prior to enrollment of any legislation as well as US allied policy implementation. Consider this PR placement following House rejection of EESA and prior to its amendment to H.R. 3997 (29 Sep) --THEN-- amendment of H.R. 1424 to the senate "conference" bill (1 Oct) which engrossed mark-up language (emendments to EESA) and pork.

It's not a bailout, it's a buy-in | LA Times | 28 Sep 2008

House Speaker Nancy Pelosi, evidently with a straight face: "This is not about a bailout of Wall Street. It's a buy-in so we can turn our economy around" and protect the assets of ordinary Americans. Well, now I feel so much better about it. I'm buying in! I'm getting a piece of financial products that are so worthless that there's no market for them.

Viles runs a blog dedicated to tracking Orange County, CA real estate marketing.

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