I’m what you might call a “contrarian”. So when the treasury dept announced that American taxpayers would end up owning the so-called “bad”, or “worthless” parts of banks, I was thrilled. This is exactly the type of situation that Warren Buffet would pounce on. When there’s blood in the streets, buy as much of it as you can, preferrably from the guys doing the killing.

I’m actually working with my accountant on ways to increase my tax liability, and maximize my ownership stake on these “bad” bank assets. I call this the “1d10t plan”, or 1d10tk for short.

And when I saw bank stocks shoot up immediately following the details of the plan, I laughed with joy. Why are suckers buying banks? They already sold us, the mighty taxpayer, all those high-yielding assets that justified their employees’ ridiculously high salaries. Time will tell, but I’m satisfied just knowing that the taxpayer got the better end of the deal. Pretty soon, we’ll ALL be making John Thain money.

Do these sheeple really think that our government would pay unncessary premiums for worthless toxic assets, thereby blatantly ripping off taxpayers and helping their debt-ridden corporate pals? HAH! Like that could ever happen.