Of course it won't work, why in the world anyone thinks it would is the mystery. Just an excuse for a socialist takeover of the banking sector. I mean when you have the head of Wells Fargo saying I don't need a bail out, I don't want a bail out, I have plenty of cash reserves and will use that to buy up the assets of the failures and Paulson says FU, sign the paper you have a hostile take over.
"I don't think that the market wants to see that capital being put to work to leverage the business up again,"
I'll give a great big ole NO SHIT SHERLOCK to that one.
I think we have a tradable bottom here but I think we have a lot more pain to come. And if we elect the socialist, the One and give him a bullet proof majority hang on and get leveraged short. To say he won't be a positive for the market or economy or America in general is an understatement. I can't wait for him.
More gun control, higher taxes, fairness doctrine and the end of conservative talk radio, end of all dissent of him and his legion of followers, CO2 being labeled a pollutant and regulated by Al Gore assuring the crushing of whats left of our economy, hundreds of billions into windmills and solar panels that will accomplish exactly zip, appeasement of all enemies world wide, the destruction of Israel and the loss of all progress in Iraq, massive resurgence of Al Qaeda until a nuke goes off in DC, etc.
oh and we may very well see our final peaceful transfer of power in January. I fully expect he and his flying monkeys to be bringing up Cheney and Bush on some trumped up charges in front of a kangaroo court. Crimes against humanity or some such nonsense.
Now I think I'll go drink. |
