The Shrederal Preserve keeps loaning big bags of money to every Tom, Dick and Sterns institution that starts to buckle (Whatever happened to the free enterprise system where, if you couldn't make it...you didn't?), all the while denying there's anything wrong. (Not for them -- they get to scoop up everything when their bailout buddies can't make good on the repayments.) The real issue is whether we're staring into the face of a recession or a depression. I say we split the difference and call it a "depressing recession".
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