Tuesday, December 11, 2007

Wall Street stupidity plus White house BS

First let me say that I think the market is being unrealistic. They seem to think that the Federal Reserve should bail the market out because lots of banks and mortgage companies did stupid things and have and are going to lose billions and billions of dollars. This is not to help the stupid schnook who went for a low rate ARM and never locked in but the greedy bastards that lead many of those schnooks to personal loses. No they are looking out for themselves. The Idiot in Chief proposal to "help" people is really to help dig out big(really big) business. Don't think that the next election is not the reason for the sudden largess. It is amazing how many people don't get that the Republicans are for business and not the average person.

There is probably going to be a recession in our future. The Federal Reserve can only do so much. Ya know, it is funny that the Republicans have always claimed to want less government and at a time where that is probably what is needed, they are doing the opposite. I really hope that it does not screw up the economy too much but the more government interferes with this the longer it will take.

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