New Plan! Government to Save Us by Buying Up Bad Debt With Our Money


Remember that check the Bush administration gave us earlier this year? How quaint that seems now. We still haven’t even gotten ours! But when we do, we’re going to hang on to that cash, since the government has now officially decided to use our tax money to buy hundreds of billions of dollars in distressed assets. We’ll get to hear all about the genius plan they’ve ginned up around 10 a.m. [WSJ]