(work in progress, unedited)
A note from Rhome: Please forgive me. I write via stream of consciousness and since so few actually read what I have to say, I seldom return to clean-up my posts…these are truly “web-logs”. For what it’s worth, I predicted the gutting of the balance sheets of banks and the monopolies since 2002. First on ModBlog, and then on efX2 Blogs. I also predicted the current economic turmoil on the Washington Post under my other screen name, “Vunderlutz”. Sooner or later I will write what we need to do to dig out of the mess we are all in.
Giethner and Bernanke are like two circus clowns dressed as firemen trying to put out a fire. There are two hydrants, one that pumps water and the other kerosene….yep, you got it right. They have both hooked up their hoses to the hydrant with kerosene. Bing, bing, bing, batta-bing…WRONG AGAIN!
It’s not only just plain wrong-minded to bailout bankers and industry (auto mfg’s, airlines, AIG, whoever) who are run by the incompetent or by crooks, or both; bailouts are just plainly not “The American Way”. Read the rest of this entry »
Posted by Richard Pečar 
