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COLUMNISTS
TODAY'S STORIES
07.10.2008
An Alternative Bailout Plan

Yes, yes, spend $700 billion buying mortgage-backed securities and other distressed assets, but instead of just leaving them sitting around, put them to work. Specifically, dress them in pirate hats and tell them to behave like Keith Richards.

Or, I suppose if you want to be cheap about it, you can just opt for paying Johnny Depp $56 million (yes, that's a record) to star in Pirates of the Caribbean 4, standing next to cardboard cutouts of Orlando Bloom and Keira Knightley because the flesh-and-blood ones no longer fit in the budget. The story will reportedly involve Captain Jack Sparrow's search for the fountain of youth, presumably in order to grant himself a few more decades in which to spend his money.

--Christopher Orr

Posted: Tuesday, October 07, 2008 4:48 PM with 7 comment(s)

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FWright said:

Isn't replacing Orlando Bloom with a cardboard cutout a logical cost-cutting measure under any circumstances?  I'm surprised no one thought of it sooner.

October 7, 2008 5:12 PM

drdannyu said:

This just makes my head hurt.

October 7, 2008 5:17 PM

The Ignorant Populist said:

56 Million for 6 months work!

That's enough to turn you into a Republican.

(If any Republican wants to turn me, I can be purchased for €117, or two cheap bottles of red and a TNR mug.)

October 7, 2008 5:23 PM

GSpinks said:

Has anyone actually seen McCain by the light of the moon? I wonder...

October 7, 2008 5:45 PM

psantillana said:

I don't think it will be turning Johnny Depp into a Republican.

October 7, 2008 5:45 PM

lymon1 said:

I can't joke about this -- someone, anyone, tell me why the $700 billion doesn't go straight to credit (i.e., make 0% interest loans to commercial lenders provided they reloan the money) rather than sop up this mortgage debt (which, if it's such a great long-term investment, some foreign investors will surely sop up, right?) and hope that this gets the lenders to loan money.  

October 7, 2008 5:49 PM

psantillana said:

lymon if you're still here, I can't answer you because I'm not very bright, but ask this question at Obsidian Wings and you will probably get a nice, detailed answer.

October 8, 2008 5:23 AM