On the Origins of Big Bank Failures

I love the way this guy writes. Especially this tidbit:

Note to government: Private and public enterprises are different species. You can cross a common ass with a thoroughbred mare if you like, but you still only get a mule. And male mules, as a matter of evolutionary interest, are always sterile, as are most females. Asses.

http://dailyreckoning.com/on-the-origin-of-big-bank-failures/

Running Total

I'm going to put this in my header so it'll be right in front of ya when ever you visit.

$350 billion Spring of 2008 Bush's little stimulus porky

$700 billion Fall 2008/Spring 2009 Auto/Financial bailout

$25 billion SCHIP - up to WHAT age??? And illegal aliens too???

$787 billion Spring 2009 Obama's Porkulus I (yes that is a Roman Numeral one cause there is a II coming)

$40 billion (or is it 50) Cram down - help pay for mortgages in mostly 5 states when we all pay our bills just fine.... I say let them rent.

$1 TRILLION Geitner's financial rescue plan that he won't announce any details of, just enough to keep the market nervous - bet ya thought the mortgage bailout was included HA!! And some estimates say up to $2 TRILLION, but I'm gonna low ball it here, just cause I am getting a headache.

$420 billion Obama's Porkulus II - there it is! Just announced. Although I'm sure that amount will go up.

I think I'm missing something....

Oh yeah, the $3.6 TRILLION budget itself! As if all the above wasn't enough.

hmmm what does that total? Oh yeah, $6.922 TRILLION. Change I can believe in may come from pan handling....

***note, have added the budget and updated the total ***