Throwing $75 BILLION into another trash dump to prop up their previously failed ventures. When did throwing good money after bad become a successful strategy? While it may provide some immediate easing of the pain (and that’s a big *may*) this is only delaying the inevitable.

Anyone who has their money with these banks ought to be wondering if their interests are being served with this new program. Between the cushy exits plans for disgraced executives plus the typically high fees the banks charge (including ATM charges that make no sense at all) there is very little that these banks offer for average customers. At least the Bush administration has not given Wall Street a wad of cash from taxpayers but it’s still early.