What's Another $250b Among Friends?

Not sure if this counts as part of the $700-billion bailout or not, but the private sector is into you taxpayers for another $250 large.

WASHINGTON -- Bush administration officials today unveiled a dramatic partial nationalization of the U.S. financial system, a series of "unprecedented and aggressive steps" to pour at least $250 billion into the banking system and expand federal insurance protection in the largest government intervention since the 1930s.

"Today, we are taking decisive actions to protect the U.S. economy. We regret having to take these actions," said Treasury Secretary Henry M. Paulson Jr. "Today's actions are not what we ever wanted to do, but today's actions are what we must do to restore confidence in our financial system."

Capitalism ROCKS!