I'm sorry ... I must be reading this incorrectly:
US Weighing Plan to Set Up Facility to Hold Bad Debts
Treasury Secretary Henry Paulson is working on a plan that would set up a government facility to take on bad debts from financial institutions, preventing a worsening of the global credit crisis, Wall Street sources have told CNBC.
The facility would be similar to the Resolution Trust Corporation, which was set up in the late 1980s to take on all the failed thrift assets during the savings and loan crisis, these sources said.
Paulson is said to be shopping the proposal to lawmakers in Congress, a congressional aide told Reuters.
Such a move, according to its advocates, would allow banks to shovel bad debt off their balance sheets and send them back to business as usual.
I must have slept through the sudden metamorphosis of right-wing capitalism, when independence, self-reliance, dog-eat-dog and "only the strong survive" became optional.
In unrelated news, people on welfare are disgusting leeches on society. Or something to that effect.