(Source: MarketWatch By Kurt Brouwer) – If you thought the $800 billion TARP program was the end of our government’s bailout bonanza for wayward banks, you’re wrong.  If you thought the Fed’s secret $1.2 trillion loan program for foreign and domestic banks was the end, guess again.  It’s like we are living in one of those late-night TV ads for Ginsu Knives, ‘But wait, there’s more!’From Matt Taibbi’s blog, we read about another political deal and power play favoring bad banks.  Fortunately, this deal has, so far, been thwarted by a lone holdout [emphasis added]:

Source: MarketWatch By Kurt Brouwer

August 30, 2011, 2:50 PM

To read more, click on this link