In This Economic Meltdown, Anything Goes
So if ING burns through its €10 billion from the Dutch, Uncle Sammy (e.g., thee and me) will take over the obligation.
All I can think of is the Cole Porter lyric:
The world has gone mad today
And good's bad today
And day's night today
And black's white today ...
The title of the song—and the show: "Anything Goes."
P.S. (1) From this morning's New York Times:
A Question for A.I.G.: Where Did the Cash Go?
The American International Group is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October. Some analysts say at least part of the shortfall must have been there all along, hidden by irregular accounting.
"You don't just suddenly lose $120 billion overnight," said Donn Vickrey of Gradient Analytics, an independent securities research firm in Scottsdale, Ariz.
—Mary Williams Walsh
(2) On the CBS radio network news at 6:00 a.m. this morning, Frank Settipani reported that 52 percent of the federal bailout money will be used to pay dividends to bank stockholders.
P.P.S. Yo! How 'bout them World Champion Phillies!