Bank Bailout

Are We As Dumb As Our Elected Officials?

...or are we just too busy trying to keep roofs over our heads, and our children fed? Just asking, just want to know... The Monster has had so much angst for days now that I have not been able to write anything until this evening when I read an article that was reminiscent of a post I wrote back on December 12th entitled "Is The Fed Following The Lead Of The One?" concerning the secrecy behind $2 TRILLION of emergency Loans. I know you all remember the $700 Billion (TARP) Bailout for the banks that was rushed through the Congress…
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Wall Street Bailout: Economic Critical Mass Has Been Achieved

It is 12:40 am Pacific time and I am watching the Asian markets drop like a rock and reading articles about European banks being nationalized because our Congress did not get the job done before the Asian Markets opened bolstering some kind of confidence in the markets. The Asian and Europeans markets are off 1-2% as of this writing.  If you want to watch it happen, go here.  Click on "for the text version of this page, click here" to give you streaming text of what each tabbed region is currently doing. According to Reuters in a story titled Bailout…
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