http://money.cnn.com/2008/09/18/news/economy/rtc_speculation/index.htm?cnn=yes.....and here's the next bailout.
Now, we taxpayers get to hold mortgage backed securities that may be worth something, or nothing, no one really knows.
Perhaps we need Congress to enact an "Idiot Tax" on:
1. Themselves, for repealing the regulations in 1999 that might have helped minimize this debacle. ( see my previous post on Glass-Steagelman)
2. The rich, and oh-so-very-clever financial whiz-kids that brewed up these financial instruments that nobody understands, or that have any relation to reality anymore.