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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (191420)	3/18/2009 1:56:20 PM
From: geode00	Read Replies (3) \| Respond to of 306849

IMO the AIG PR fiasco may be the straw that broke this particular camel's back. The story is changing. There is now legitimate questioning from both the right and the left if all of this money spent or promised couldn't have been much better spent letting the gamblers fail and protecting the system itself....not the gamblers. The talking heads keep saying that the AIG bonuses pool was 'only' $165 million...no big deal in the $180 billion or so that was provided AIG. They keep missing the point. The point is that no amount of money should be going to these people whether that is $10,000 or $165 million or $180 billion. At this point, I'm no longer sure if even a 2000 point drop in the DOW would be enough to scare people back into submission. The outrage over this is huge and people are expecting a bad year or two anyway. I suspect we are back to the 50% say no and 50% say hell no situation on more bailouts. Geithner is becoming hugely unpopular and he is taking Obama's political capital down.