Thursday, October 9, 2008

Wow! That was a fast move on Hank Paulson's part.

The Treasury Department announced on 6 Oct 2008 the "bookies" who wanted to skim fees for trading that toxic mortgage mess for our tax dollars had to have their names in the hat by 8 Oct 2008 . . . JUST TWO DAYS? I thought perhaps there were some in the Treasury Department and in Congress who honestly believed the bailout plan was the right thing to do. But, we know now the fix is in and all hope is gone for this to go well . . . as well as it could. I guess there's only so many banks and brokers left in business and it should not take long for everyone to figure out what the choices are. I really don't want to get political on this blog but I would like to have a "Vote Everyone Out" choice on the ballet this Nov. 4th. Read the Treasury Department announcement below.

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