Sunday, October 05, 2008 10:10:30 PM
My conspiracy radar has been going off the charts lately. If 9/11 was an inside job, and the sub-prime mess was engineered to cause a global financial meltdown before somebody leaves office and loses his power, what's the end-game?
It's interesting that the Sec of the Treasury, appointed by the President, the FED head and the Prez himself were claiming that the bailout package was needed to stabilize financial markets. Yet, after the passage we are all asking: HOW will $700B stabilize the markets? Seems like those 3 put on a full-court press to get the bailout passed. Reminds me of how the Bushies got the Patriot Act passed so quickly in response to 9/11. Problem-reaction-solution, as Alex says.
COR is a problem, but for me it's a small part of my whole pie. Right now, I'm wondering if anything I own will be worth anything in a year? This current market malaise and political uncertainty looks like just the tip of the iceberg. It sure would be nice if we had a leader we could believe in.
MF4
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