Your money or your life

Taxpayer Beware: Bank Bailout Will Hurt : NPR

Incredibly well-produced piece on NPR this morning-- not surprising since Alex Blumberg works for This American Life.

"This is a robbery note!" Johnson says. "It's saying, 'Guys, either you'll have 20 percent unemployment or national debt will go up to these dangerous levels, unless you buy toxic assets — not for what they're worth, not for what the market price is, as much as you can pay.' "

Johnson says his "first reaction was: 'It's a spoof.' My second reaction was: 'Oh my God.'"