I read they gave excise tax credits for Virgin Island Rum in this bailout plan and tax credits for motor speedways.  So much for any presidential election discussion on earmarks, pork, cutting waste, and cutting any tax credits where not really needed. 

 

Our government (all of them) simply don't get it. They simply don't represent us????  Now we will see if this was needed so desperately by tracking what the banks do NEXT in providing credit.  They have no excuse anymore to deny credit to healthy qualified borrowers at reasonable interest rates.  If done right it will clean up some of their books while we hiold the bag. 

 

If they still do not unlock this credit freeze, then it is safe to assume they are hoarding all cash, clinging to their rodeo past, do not care about Mainstreet, the health of this country, their employees, or depositors and investors, and all major financial CEO's, upper management teams, and their boards should be removed from their jobs immediately.  Period! 

 

Wish I had some actual confidence in this.  If they come back for more while pimping the people and causing more angst, I will not support it in any form.  Even if it means a deep depression.  We must pay the piper.

 

Enough is enough!  They all better make it work with what they have! 

 

We need serious regulation of the banking industry complete with oversight, and stiff fines or jailtime if ever planning on trying this warped economic thought complete with idiotic leverage ever again!  This shit has already happened twice and they SIMPLY CAN NOT REGULATE THEMSEVES.  Its a gene on their chromosome and its called greed .  The gene for ethics is mutated.

 

While they are at it they must balance the stock market playing field ASAP before average sheeple do not bother to play anymore.  It is just as warped!

 

Kutz    

 

Of Course The Bailout  WILL FAIL..That is a GIVEN..

 

 

And What is WRONG with Giving TAX CREITS  to   MAKE RUM?   

 

 

 

 

 

On second thought-the tax credit for rum is OK---LOLOL!

 

Kutz 

This popped up this evening.  A view into the US Fed-real soon?

 

 

Kutz 

Kutz- overseas markets got pummeled on Monday- some were down well over 10%

Yep macro they were decimated by the end of their day.  -My reference was to the rate cutting.  Korea is doing it.  Soon coming to the Brits and Americans in a theatre near you!.  It's bad man-now everywhere whether perception or not and thats translating into reality.

 

Not good!  Might be the mother of all recessions!  Just short of depression.

 

Kutz