Well, the fabulous graph posted on Calculated Risk won't come visit his page, but OS did find an image in the files that evokes the situation. The little 'There, I Fixed It' mark in the corner makes it all the better.
Now, ThePeopleInChargeOfSuchThings assure us there is no need for alarm. And, therefore, it must follow that we should all relax and feel assured.
After all, a couple of years ago, Hank Paulson asked for authority to bail out Fannie and Freddie, but he was sure he'd never actually have to do anything radical like that. That turned out ok, didn't it?.....Didn't it?
OS wonders if they are all so unruffled because they know the taxpayers in places like Athens, Georgia; and Athens, Alabama; and Nashville('The Athens of the South') Tennessee; and Athens, Ohio; and even Athens, Indiana, have already been placed on the hook for Athens, Greece.
ThePeopleInChargeOfSuchThings have just been too occupied keeping everyone else calm, and haven't gotten around to telling them...
Pshaw--they won't mind sending the Greeks a spare fifty billion, just to keep their welfare state in operation one more year. It'll all work out....won't it?
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