The true extent of the status quo's looting of U.S. taxpayers is about to be spelled out to the general public in black and white this week.  See: "Fed Program to Spur Loans May Start With Few Deals."

Over the next few days, this is all going to get very, very clear...at least to anyone that bothers to pay attention.

The Treasury Department and the Federal Reserve are "about to announce" (they've been talking about this for many months) a massive Wall Street "bad bank" plan that is, effectively, nothing more than a recycled, $2 trillion-plus, Bush administration taxpayer giveaway to the very entities and individuals that created our economic freak show in the first place. (And, we may have reached a tipping point where even the MSM may no longer be mincing words about these truths.) They are still spinning this like it's new information when little could be farther from the truth. See: "Geithner Says He'll Soon Offer Details on Toxic-Asset Cleanup."

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It appears that there is irresistible force driving the Federal Bailout  of the wall street. Let us face it is  directed at saving Morgan Stanley and Goldman Sachs. The  rational progressive position on this be to make the Wall street disgorge its bonuses for the last two years before letting the executives pick our pockets again.If we, the tax payers are going to bail out the Bankers at least there should be a future limit on the  wall street bonuses.

There's more...