Now bailing out: The ‘well-capitalized’

Phoney and Fraudy appear to be on the verge of achieving their mission of making every US taxpayer a homeowner. Given the innocent trees and pixels even now being murdered in the cause, not to mention a 14 pt gain showing in S&P 500 futures late Sunday night EDT, only one thing is left to say: Congratulations!

Parsing Paulson
by Felix Salmon
Portfolio: Market Movers Jul. 13 2008