The other loot is choice, too: tasty luxury chocolates, postcards and Sublime Stitching embroidery transfers, a mesh laundry bag, a pretty pen, and not least the sweet "birthday" card, an inspired bit of synchronicity (I'm a September girl). Thank you, Cordelia, I love it all!
Last week at MY SnB I was bemoaning the Bizarro World aspect of current events, how the real and the gonzo have by imperceptable degrees met and merged. This week there's this gem on the $700 billion price tag of the mortgage-related assets bailout:
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
The testimony on Capitol Hill similarly raised more questions than it answered. Comments that a recessionary spiral is building and action or inaction now can make the difference between a so-called soft landing and a crippling crash seemed credible. But the plan presented by the Fed and Treasury failed to persuade. Wonder of wonders, it's looking like Congress is going to save the economy. (I love how the House ordered pizza and the Senate ordered Thai for their respective all-nighters.) Maybe truth is stranger than fiction after all.
Financial crisis averted for now, I guess that means tomorrow's presidential debate is on. Should Sen. McCain prove to be a no-show, I would imagine his campaign can remain suspended sine die.
Update 9:30 p.m.: It looks like the bipartisan, bicameral bailout accord has stalled and McCain's attendance on the debate is still questionable. Oh, and Washington Mutual Bank has been seized and broken up by federal regulators. It's the largest bank seizure ever.