Sad thing is - after all these - the Government still has not accepted the fact that we're in a recession. And that crash that all the top economists of the country has been talking about? It's gonna come soon.. very soon.. maybe as soon as tomorrow - check the indicators and see the instability in our credit and stock markets.
And this BS about short-selling responsible for this mess?? That's total BS - they banned short-selling over a couple of weeks ago.. so why are the banks and other financial stocks still collapsing??
Now - question is - The BILL was already passed.. the damage has been done. Who is the best candidate available to handle this? Now, I have heard OBAMA talking about taking PAULSON over for the transition - if Obama was elected. Do you think that's remotely smart??
As for McCain - I actually favored him when he opposed the first attempt to pass the bill. But then, he eventually swayed towards the other side and voted YES. This is one of those moments when you wished that Bloomberg ran for Presidency. At least he'll know what's best when it comes to money.
Anyhow... Obama and McCain is all we've got right now. It's either A or B - and none of them have done shiznit to actually address the issue.
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By the way - in parallel of the mutual funds you're playing - I feel sorry for people's 401K, IRA's etc... the plan was to supposedly save those and Main Street - but look - roughly 1.5 trillion has been lost just this past couple of days and an estimated an average of 30% loss on everyone's portfolio since last October.
And yes, I agree - The US is still a good place to invest in. Pero sayop nang JP Morgan nga gi purchase sa Mitsubishishi UFJ -actually it was MORGAN STANLEY that was purchased (about 10-20 percent man tingali to - but that proposed buy-in news was over 2 weeks ago) and not JP Morgan and Chase. JPM is still doing better than most banks out there.





