I am thinking that is still on O’s, Geithner’s, and Summer’s table. Perhaps that is why Tim postponed the unveiling of their plan originally scheduled for Monday. Perhaps instead of a bad bank / good bank plan, they are thinking about a good bank / bad bank plan, with us getting the good and them getting what they deserve: the bad with equity and bond holders wiped out. But I’m not holding my breath waiting for that to happen!

It sure makes good common sense to me though: instead of dumping hundreds of billions more dollars down the bank rat hole, we could just take the damn things over, and use the money elsewhere!

Then after the recession / depression is over in a few years, we could spin them off with a series of IPOs and pay down of some of the national debt with the proceeds.

Now that would be change we could believe in!