Tuesday, December 30, 2008

Question of The Day - Is Paulson Delusional?

As of mid-December Treasury Secretary Paulson was “…expecting no other major financial institution to fail…”

So, what about yesterday’s GMAC rescue?

That was $6 billion of “fresh capital” direct from the Treasury Department.

Was Paulson delusional, just trying to manage PR or is a $6 billion rescue just small potatoes at this point?