*Stock markets to America: “Go to hell!”
I understand the markets tumbled after the gracious speech of Sec. Of Treasury Tim Geithner outlining his plans for “Bank bailout #2” or TARP #2, if you will.
When the local grocer is robbed, he knows he may not get his money back but for sure his biggest satisfaction is seeing the crook going to jail. We have not seen the crooks who robbed our American treasury going to jail or apologizing. Adding insult to injury there is the judge in New York City presiding over the Bernard Madoff case refusing to send him to jail for charming his clients out of a reported fifty billion dollars.
Today, the good Mr. Geithner so eloquently resurrected the old tried and true “Trust me!” pitch and the world said, “No, no, no not by my chinny chin chin.” Fool me once for over 350 billion dollars and I’ll (literally) kick your MF ass!
How about them apples for getting signals from the people from whom you are seeking infusions into your monetary system? If the Obama administration is looking forward more than looking in the past, they should clearly see the pending catastrophe. I do.
As always,
BB
*Stocks Tumble As Bailout Plan is Unveiled
http://www.cnbc.com/id/29119665
Excerpt:
US stocks fell sharply Tuesday in a broad-based decline as the government announced details of its latest bailout plan.
When the local grocer is robbed, he knows he may not get his money back but for sure his biggest satisfaction is seeing the crook going to jail. We have not seen the crooks who robbed our American treasury going to jail or apologizing. Adding insult to injury there is the judge in New York City presiding over the Bernard Madoff case refusing to send him to jail for charming his clients out of a reported fifty billion dollars.
Today, the good Mr. Geithner so eloquently resurrected the old tried and true “Trust me!” pitch and the world said, “No, no, no not by my chinny chin chin.” Fool me once for over 350 billion dollars and I’ll (literally) kick your MF ass!
How about them apples for getting signals from the people from whom you are seeking infusions into your monetary system? If the Obama administration is looking forward more than looking in the past, they should clearly see the pending catastrophe. I do.
As always,
BB
*Stocks Tumble As Bailout Plan is Unveiled
http://www.cnbc.com/id/29119665
Excerpt:
US stocks fell sharply Tuesday in a broad-based decline as the government announced details of its latest bailout plan.
posted by BB at 10:56 PM
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