THE SO CALLED "RESCUE" OF THE BANKING SYSTEM SOUNDS LIKE TAKE TWO ASPRINS ... AND HOPE FOR THE BEST...
THE "SOCIALIZATION" OF THE BANKS COULD END UP BEING PERMANENT IN A FEW MONTHS...IF "THE BANKS" CAN'T SAVE THE BANKRUPT US ECONOMY FROM ITSELF... IN OTHER WORDS THE BANKS ARE BEING SET UP FOR FAILURE!!
THE ISSUE OF "MORE LEADING" IGNORES THE FACT THAT IT IS LEADING THAT CAUSED THE PROBLEM...AND THE BUBBLES AND THE GREED!!
YES, HAIR OF THE DOG SEEMS TO BE THE PRESCRIBED CURE FOR THE US ECONOMY...
ADDITIONALLY, PAULSON SEEMED TO SAY THAT EUROLAND HAD SCREWED AMERICA...WITH THEIR "SOCIALIST" PLAN ....SO THE US HAD TO RESPOND IN KIND...
IN OTHER WORDS...EUROLAND DID WHAT WAS GOOD FOR THEM...
AND THE US HAD TO FOLLOW SUIT...EVEN IF IT IS NOT BEST FOR THE US ECONOMY.
THE ENTIRE DEBACLE SEEMS TO BE "ON THE COME OUT ROLL" RIGHT NOW...
LEND MORE MONEY IS THE SCHEME...BUT TO WHOM? AND FOR WHAT...?
MORE BUBBLES...? OK, TO FINANCE THE DECLINING PAYROLLS...A NOBLE GOAL...
WORSE YET, WALL STREET IS RALLYING INSANELY...WHICH OF COURSE IS WHAT WALL STREET DOES IN THE US ECONOMY...
BUT FOR WHAT...? THE TAKE OVER OF SICK BANKS...
TO LEND MONEY INTO AN EVEN SICKER ECONOMY...AN ECONOMY TRASHED AND WRECKED BY DECADES OF ASSET BUBBLES AND BAD DEBT....? AND WHATEVER HAPPEN TO THE BAD DEBT...AND THE MAGIC MORTGAGES? THE BANKS STILL OWN THEM!!
THE SEEDS OF THE NEXT STOCK MARKET DECLINE HAVE ALREADY BEEN SOWN...
I WOULD EVEN BE SURPRISED IF THIS INSANE MORNING RALLY IN THE DOW HOLDS UP TO THE CLOSE...AND WATCH THE VOLUME YESTERDAY WAS VERY LOW FOR A 900 POINT GAIN...THAT WOULD ONLY ACCOUNT FOR SHORT COVERING REALLY!
THE NEXT DOWN DAY ON THE DOW WILL LIKELY BE MASSIVE ... AND WILL RESTART THE DECLINES IN STOCK PRICES SEEN LAST WEEK... THEN WHAT?
THIS SO-CALLED RESCUE WAS HUGELY UNDERWHELMING....AND WILL NOT SOLVE ANYTHING...
OK. WASHINGTON "DE-FIBED" THE BANKS... BIG DEAL...
NOW WE SEND THEM OUT INTO THE TOXIC US ECONOMY...BLOATED WITH BUBBLE ASSETS...AND SWOLEN WITH BAD DEBT....AND TELL THEM ...GOOD LUCK!!
THIS IS LIKE THE BUM WHO GOES TO THE EMERGENCY ROOM FOR "MEDICAL CARE"... AND GETS A CLEAN BANDAGE...A WEEKS WORTH OF PILLS....AND NOW GET THE FUCK OUT OF HERE...!!
