Conflict of Interest

[Horsefish]

Talk about a conflict of interest! The current administration has 3 more months in power. Hank Paulson probably has hundreds of thousands of shares of GS tucked away in a blind trust, the Bush family fortune is somewhere, Cheny no doubt has a mega blind trust, goodness only knows where Bernanke has his.

These people are watching their retirement nest eggs fall over a cliff just like the rest of America.

So what do you do? Protect yourself at the expense of the taxpayer?

Remember the old Star Trek series episode where Spock said "The needs of the many outweigh the needs of the one". Well, read this as: The needs of the few outweigh the needs of the many.

Want to bet that Paulson uses the entire 700 billion before the end of the year?

[bigzip]

Here's a good article on the "plan", which seems to give Paulson $700 b to use as he see fit without oversight and with complete immunity. He will be buying up this debt at or above market value. Call your representation in Congress!

http://www.nakedcapitalism.com/2008/09/why-you-should-hate-treasury-bailout.html

[aiki14]

Here's a good article on the "plan", which seems to give Paulson $700 b to use as he see fit without oversight and with complete immunity. He will be buying up this debt at or above market value. Call your representation in Congress!


Call your broker first. GS and MS, all the banks, XLF, UYG, VIX puts.

[Horsefish]

The thought occurs to me that if congress keeps dinking around with this bill, and they pass something that no company is going to want to participate in, the markets are going to tank and take the economy along.

The Democrats are playing with fire here. If they manage to get themselves blamed for not passing a usable bill, It could cost them the elections.

I think we are seeing dumb and dumber at work.

[freakscene]

I think we are seeing dumb and dumber at work.


yup.