Ming Proposes Expedited Bailout Plan

Let's just turn over everything to Goldman Sachs right now and put an end to the charade. Case in point; After they beat IndyMac down and it was taken over by the FDIC, that glorious Agency is going to sell it at a fire sale price to a private equity firm.

Naturally, it's almost redundant to point out that this firm, Dune Capital Management has strong ties to Goldman Sachs. The Chairman and Co-CEO, Steve Mnuchin, is from a family of Goldman Sachs bankers while it's other Co-CEO, Dan Niedich was in charge of investing Goldman's capital in real estate. George Soros funded them in 2004.

But it gets better. On November 21st, Treasury, run by former Goldman Chief Honcho, Hank Paulson, authorized special expedited bank charters for private equity groups. Dune Capital Management has now applied for such a charter and may qualify for TARP money.

So in summary, they make money beating the assets and hence the entity into the ground and the taxpayer pays through the FDIC. Then they buy the entity when it's assets are artificially depressed and are likely to borrow money from the taxpayer to make sure they succeed.

Ming would try to make the stray dollar by selling them ski masks to hide their shame while conducting such internecine brigandage, but they do all this in the open, with a song on their lips. Just sign over everything now, they'll get it all anyway.