Whoo hoo. WaMu was seized by the FDIC and sold to JP Morgan Chase. I'm pretty sure there are only about three banks left in America. I'm a little concerned about that. At the same time, I'm a little entertained by the way the media reported the bipartisan bailout deal to be done . . . and then to not be done. Again, I don't know anything about this stuff, but here's another way that helps me feel like I do:
We're playing Deal or No Deal. The contestant is the financial sector. The case they chose is full of mortgage securities, although based on the look of disgust on Howie's face, I'm guessing it might be full of something else too. Howie Mandel is George Bush, trying to get a deal done and reminding everyone that their lives could be saved if they make the right call and abjectly ruined if they don't. The U.S. government is the banker, except he's really generous. As Howie is telling us, "Okay, there are only two cases left. One has one penny, the other has five dollars. And the banker is offering you . . . $700 billion to buy that case." The Republicans are the family members who are never satisfied: "Don't take that deal, are you crazy? That's an insult." The Democrats are the wife, who just covers her eyes, sighs a couple of hundred times, almost starts to cry, and then finally blurts out, "You have to take this deal. Are you insane?" Oh, and let's not forget the media, the models just standing on the stage trying to look pretty as they either smile with glee at what might be good news, or wince apologetically when the contestant loses big money . . . but not really knowing anything about what's in the cases until it's too late.
I don't know how this is going to turn out, but I'm sure the ratings are bonkers. Here's today's question:
What is the most popular game show in the world?
And a big congrats to Stephanie who knew that Lex Luthor was born in Metropolis (the Suicide Slums district, to be exact). In other carnations of the villain, he grew up with Clark in Smallville or his city of birth was undisclosed. Who knew? Oh, yeah, Stephanie. Great job!