Monday, September 15, 2008

The Clock is Ticking

Well I guess You Can't Handle the Truth article applies, in part, to Wall Street and the news of Merrill Lynch going to Bank of America while Lehman Brothers goes belly up. If these tidbits don't warm the cockles of one's heart, also consider the fact AIG needs a cool 40 billion to stay alive or they're gone and Washinton Mutual's at death's door. Any takers? Well yes as a matter of fact. Seems the Fed's infinite largess resulted in an 85 billion dollar bailout for AIG. Ask and ye shall receive - at more than 2 to one.

The Perfect Storm looms.
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