re:["The bigger the potential taxpayer giveaways to
fraudsters and looters the more the market likes it."]
You bet.
They should have made CNBC's Bob Pisani wear a dress and
wave pom poms today, they way he was cheerleading.
I think he may have wet himself.
It's shameless, but expected.
Wall Street makes it's money by speculating with other peoples
money, and they need to keep the sheep in, and in this case,
hopefully get them back in... for one final shearing.
Every single day, more and more people are seeing the looting
for what it is.
I talked about how they're looting and literally stealing the
earnings from sound, local, community banks to fund the FDIC
handoff to the looters.
Hussman see's it as the road to the FDIC's ultimate bankruptcy...
hussman.net
"This is not only an invitation for rampant moral hazard,
as it would allow the financing of largely speculative and
inefficently priced bids with the public bearing the cost of
losses, but of much greater concern, it is a likely recipe for
the insolvency of the Federal Deposit Insurance Corporation,
and represents a major end-run around Congress by unelected
bureaucrats."
And on the subject of "unelected bureaucrats"... is there
anything scarier than that slip of the lip in Munich, Germany
by Obama's National Security Advisor?
Like I said, they're done writing people.
cfr.org
Remarks by National Security Adviser Jones at 45th
Munich Conference on Security Policy
Published February 8, 2009
Speaker:
James L. Jones
U.S. National Security Adviser Jones gave these remarks at the
45th Munich Conference on Security Policy at the Hotel
Bayerischer Hof on February 8, 2009.
"Thank you for that wonderful tribute to Henry Kissinger
yesterday. Congratulations. As the most recent National
Security Advisor of the United States, I take my daily
orders from Dr. Kissinger, filtered down through General Brent
Scowcroft and Sandy Berger, who is also here. We have a chain
of command in the National Security Council that exists today....
------------------
And some here doubted the significance of having Henry Kissinger,
and then Sir Evelyn de Rothschild both appear live on the
floor of the NYSE, during the market meltdown in October thru December.
youtube.com
youtube.com
They were claiming "Mission Accomplished."
And fwiw, they're not stopping there.
S.O.T.B.
PS: America needs a Hail Mary, but sadly, I don't even see
a QB on the field that's on our side... |
