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Showing posts with the label wall street

Straight Talk, No Talk McCain

Put on hold the friggin' debate? When I heard McCain live this afternoon make his speech about why with this Wall Street flop that would somehow rationalize delaying Friday night's face-off between him and Obama, I was dumbstruck. My first thought was that particularly in light of the goings on now, what better time to hear from the two potential next leaders to take over from the disaster of the incumbent loon who has overseen this toppling in the first place? I know the debate was scheduled to be about foreign policy but really, you know good and well that might have been touched on just to say so, but there is no way that this economic predicament would not have been given center stage. I figured it might give McCain even the opportunity to 'splain away why and how he may differ from the Republicans under whose watch the bungle was allowed to happen. Guess not. Of course then I got kind of worried that Obama might fold and respond agreeing to the idea, and not that he h...

Bailouts

You know what? I don't even care enough to consider whether or not the feds should or should not have bailed out AIG. Or Fannie Mae or Freddie Mac or even Bear Stearns a few months back for that matter, or why Lehman Brothers apparently didn't pass muster for their own government handout. I guess the litmus test is that you must be deemed too big to fail by some arbitrary standards, no matter whatever lamebrained management practices pulled the rug out from under. Totalling now (mental math here, I might be off by a few bucks) three hundred and twenty billions of dollars spent saving corporate asses. And even more at risk of most likely soon needing rescue as well. I also don't even care whatever either Obama or McCain were babbling about this whole mess all day long today. (Although I can't get away without at least mentioning about populist McCain now avowing his determination to clean up Wall Street and to make sure this kind of evitable economic devastation won'...