HowardGet it Undone
Real Crash- Looking at the Financial System and the War Drive:
Ooh child, Paulson, Dodd and Frank go to jail;
Ooh child, time to go frog march them;
Ooh child, we're not signing on to this slavery;
Ooh child, Goldman Sachs is a nose biter;
Someday, we'll put it together and we'll get it undone;
Anything crap that these guys pass is doo doo;
(5 Stairsteps, spoof song, Ooh Child)
Note that even Andrew Ross Sorkin of New York Times Dealbook is clear that this bill is a piece of crap, and protests in an impotent way. See, a Bailout Above the Law.
Even Yahoo is asking, what happens if it doesn't work?
Yes this thing's got to be undone. This bailout is a total travesty. It really sets up a total financial dictatorship that has only one purpose, to triage the real economy and to keep afloat as much of the speculative bubble as possible. After all Henry Paulson is the former CEO of Goldman Sachs, and he seems to have even made sure his former company, Goldman Sachs, has survived and been turned into a bank holding company. Soon, they will presumably be munching on hundreds of smaller banks, in the feeding frenzy.
There is only one little problem. Without a write off of speculative paper, without a freezing of debt, there is NO BOTTOM to this crisis, no end even at $700 billion. The emperor really does have no clothes.
