Maybe the Treasury Isn't Completely Insane After All

Monday, January 25, 2010 , , 0 Comments


"We did what we thought was necessary to stabilize the market, but we don't think the government should continue special efforts forever," said Michael S. Barr, an assistant secretary at the Treasury Department. "As you bring stability, private participants come back in. We do expect this now that the market has stabilized. I'm not going to say there will be no effect on rates, but we do think you are seeing market signs and market signals that there should be an orderly transition."

Now I'm not saying Mr Barr is right, I am merely saying that there is a slight chance that he isn't smoking crack with the rest of them over there.

Even if their light at the end of the tunnel turns out to be a freight train, it's nice to know they aren't all maniacs.

(read the entire Washington Post article in its entirety for an interesting take on the months ahead, mostly the prospect of the crackhead getting the pope taken away once and for all)

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.