Tuesday, September 23, 2008

What will Wall Street do with the US700 billion from Henry?

What a stupid question! If the devils get your money, they will go on with their party and return to the good old days! Yes, speculations, leveraging, asset bubbles, huge loans to whoever wants the money, subprime, sub-sub prime, sub-sub-sub prime, hedge funds, credit default swaps, ...Yes, the Empire strikes Back!

I am surprised no one in the Congress seems to address the stupid question. Perhaps, they knew the answer but can't tell the world. Good, let's have another party and if turns sour again, we will repeat the same old pattern: panic, fear, selloff, too big to fail, bailouts, panic, fear, selloff, too big to fail, bailouts,....until the devils wake up from their sleep and hold another party.

Hell is here so is Heaven! My God, where are you now when we need you most.

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