Security Pie

‘An unprecedented crisis‘ said Hank Paulson. http://www.politico.com/news/stories/0908/13590.html

‘American economy is facing unprecedented challenges‘ added a concerned George W. Bush http://www.foxnews.com/story/0,2933,425261,00.html

“The Secretary of the Treasury, Henry Paulson, will be granted unprecedented authority in the financial bailout plan” http://www.lockergnome.com/forsythe/2008/09/29/unprecedented-authority-granted-to-henry-paulson/

In a series of moves culminating overnight, Washington took an unprecedented step into the financial sector in a bid to steady an ailing housing market and ease a global credit crunch, analysts said. http://www.theaustralian.news.com.au/story/0,25197,24310593-20142,00.html

Tuesday, Paulson is spearheading an unprecedented global change as the Bush administration point man for the proposed $700 billion bailout of the U.S. financial industry as the economy reels from the credit crisis sparked by the national real estate slump and spiraling mortgage failure rates. http://www.usatoday.com/money/economy/2008-09-22-paulson-treasury_N.htm

But the $700bn (€480bn, £380bn) bail-out marks an unprecedented test of both the Democratic and Republican leadership in Congress, who are seeking to pass a proposal that they know will be unpopular among voters in an important election year and is opposed for ideological reasons by factions within both political parties. http://www.ft.com/cms/s/0/2c86b58a-89a4-11dd-8371-0000779fd18c.html

Bush: ‘unprecedented challenges‘ call for ‘unprecedented action‘ http://network.nationalpost.com/np/blogs/fpposted/archive/2008/09/19/bush-unprecedented-challenges-call-for-unprecedented-action.aspx

Why terrifying?
Because after all these exciting ‘unprecedented firsts‘ everything will be ‘precedented seconds’ or, in other words, bland.

Meanwhile, while things are still interesting, have you placed your bets on September Madness?