AN OASIS IN A WORLD OF HACKS, HUSTLERS, AND HIRED SPIN
posted by The Cunning Realist at Monday, September 15, 2008
Anyone else notice that the to-date total of the bank bailouts are roughly $1 trillion?That's roughly the cost of the Iraq War.An economic, political, strategic blunder not seen since the days of Saladin.And America wants an old man and a Christianist in the White House?God really hates us!
Hey!I heard they are letting Dracula ring the opening bell today.Let the blood-letting begin in earnest.
Fiscal conservatives, my butt. Do we really want McCain and Donald Luskin in charge of the economy?Zero credibility.
Oh and... Bank of America is going to be "too big to fail" when vintage 06 and 07 come riding along.
Are we sure bin Laden isn't on WS? Historical financial institutions crumbling before our eyes.
Reminds me that bin Laden's stated motivation was to "destroy" the West. He did not say bomb.It has been apparent to me that our current policies, both foreign and domestic, will achieve his stated objectives.
Indeed, signs were there for those who knew where to look!
bin Laden, Ben Schmaden. We did this wholly to ourselves. 40 years of terrible bi-partisan decisions on the fundamental direction of our economic and foreign policies has brought us (and the rest of the world, since the dollar is still the defacto reserve currency) to our knees. I blame the GOP a little more, since they have had their greedy fingers on the keys to power a bit more in that timeframe. But the Dems get a lot a blame, too, mainly since they should know better and not give the financial oligarchy everything they have demanded. Ah, but that campaign money smells so good.Neither candidate has any idea of what a cluster-fck they will be walking into, should they be so lucky as to win. I'll take Obama, since he is the much smarter of the two, and as a Democrat he may have a smidgen of FDR DNA in him. The bad news is that he has an economic team around him as bad as Pappy McLame's.-Unmitigated Audacity
I'm not sure an FDR would do it now either. The rot has gone too deep.Don't get me wrong, I'd like to believe there's hope somewhere but, I don't.
Icks! Where's George Bailey when you need him?Top Economist: Americans Should Worry About Bank Deposits if Congress Doesn't ActWall Street doesn't share the trillions in profits, take billions for themselves in perks, wages, compensation, and freely overcharges us in fees and blankets us with deceptive marketing. But lucky us, we all get to share in the pain. Ouch! It's really hard to believe any of our leadership. I guess you have to be a religious fanatical to be in the Republican party base. Since you can't take them at their word, you got to have something, and faith works for some. One minute they are giving us a bold-faced lie, and the next, they are saying we should have confidence. Huh! And neo-cons they just don't care - whatever works/sticks.If we are an example to the World, and the World is watching...
Great. We all saw it coming. Now according to the link above, a little guy like me needs to worry about my bank deposits (which are well under $100K). So what should I do now, and when should I do it?
Dow Down 500: It Could Have Been Worse, but 'Crash' Risk Remains, Roubini says- Tech Ticker Meltdown shakes up Wall Street's workers-Worst Financial Crisis In 1000 Years? it to last in to next week.Oil. Down down down.Gold. who cares. if you think you need gold buy a gun and loa
gold, guns, rural property...duh
Cramer's Gone Nuts..got to be kidding http://www.investorsbusinessdaily.com/news/story/story.aspx?guid=%7BE271338C%2DBA9D%2D4BF9%2D92D0%2DBA5A4A94269D%7D&siteid=rssThe Worst Financial Crisis In 100 Years? it to last in to next week.Oil. Down down down.Gold. who cares. if you think you need gold buy a gun and loaWall Street crisis could put Fed rate cut in play- AP Big Risk: Surging Debt Makes U.S. More Dependent on China, Russia, Gulf States- Tech Ticker Dow Down 500: It Could Have Been Worse, but 'Crash' Risk Remains, Roubini
This won't succeed in reality, that is what I believe.
Thank you for the job!
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I am a New York City resident in my forties, an investment professional, and a conservative. I have an MBA from Columbia University.