So now that we understand that the government has no clue what to do, what do we think they are going to do next?
A week after telling us they were no longer going to be buyin up toxic assets, but instead would only be providing capital injections, the government has now decided to do both with Citi.
I think I'm going to start taking bets on what the government will do next.
Buy Citi: 4:1
Buy my house: 28:1
Buy my neighbor's house: 17:1
Buy GM: 6:1
Buy the state of California: 12:1