Why do I get the feeling as though the Bush/Paulson $700 billion Bailout didn't work?

EXCEPT, of course, for the CEOs and their personal bailouts. Don't do this again, okay? See, the problem as it exists today, is that Wall Street primarily runs on 'steam.' That's right, water vapor. The moist air that comes out of the lungs of CEOs. But, now that 'steam' if you will, is recognized a 'toxic asset' and all the 'belief system' has wained.



Citizens Financial Group may be sold (click title to entry - thank you)
November 2, 2009 02:46 PM
By Beth Healy, Globe Staff
British regulators have stepped up pressure on the Royal Bank of Scotland Group PLC to sell off assets in the wake of its massive government bailout, and the bank could be forced to sell Citizens Financial Group Inc. here in the United States.
The Scottish banking giant, which is 70 percent owned by the British government, is expected to announce its forced divestitures Tuesday, according to UK press reports. In a statement, the company said its decisions "will include some divestments not initially contemplated."...