Hey, the bankers and the Fed, .. it is hard to keep raping the dead body, isn't it?

I heard a commentaor mention last night that though we're seeing alot of 'finger-in-the-dike' patches to the economy nobody in a position of influence has so much as suggested making any *fundamental* changes to the way corporate business gets done. The attitude seems to be "If we can just ride out this storm we'll be able to return to the primary business of collecting our 150 million dollar CEO bonuses again."

"A More Perfect Union" - spillover comment

The Return of Eloquence.

After 8 years of the illiteracy of the Bush Administration it is so humanly satisfying to hear a leader speak with such intelligent, rational and articulate sense. It"s as if we"ve been starved and forgot the taste of good food.

Thank you Barack Obama for re-instilling my faith in good people getting the chance to say great important things at a time when people need to hear it.

I was a Hillary supporter until reading this speech. You"ve convinced me.

Blast from the past

June 28 2000/NYtimes
Gov. George W. Bush of Texas said today that if he was president, he would bring down gasoline prices through sheer force of personality, by creating enough political good will with oil-producing nations that they would increase their supply of crude.
''I would work with our friends in OPEC to convince them to open up the spigot, to increase the supply,'' Mr. Bush, the presumptive Republican candidate for president, told reporters here today. ''Use the capital that my administration will earn, with the Kuwaitis or the Saudis, and convince them to open up the spigot.''
Implicit in his comments was a criticism of the Clinton administration as failing to take advantage of the good will that the United States built with Kuwait and Saudi Arabia during the Persian Gulf war in 1991. Also implicit was that as the son of the president who built the coalition that drove the Iraqis out of Kuwait, Mr. Bush would be able to establish ties on a personal level that would persuade oil-producing nations that they owed the United States something in return.
''Ours is a nation that helped Kuwait and the Saudis, and you'd think we'd have the capital necessary to convince them to increase the crude supplies,'' he said.
Asked why the Clinton administration had not been able to use the power of personal persuasion, Mr. Bush said: ''The fundamental question is, 'Will I be a successful president when it comes to foreign policy?' ''
He went on to suggest, as he did in answer to other questions, that voters should simply trust him.
''I will be,'' he said in answer to his own question about whether he would be a successful president. ''But until I'm the president, it's going to be hard for me to verify that I think I'll be more effective.'' ...
http://query.nytimes.com/gst/fullpage.html?res=9A03E4D71030F93BA15755C0A9669C8B63&sec=&spon=&pagewanted=print

Every time points drop, the value of the dollar drops. This answers nothing over the long term. Such a dismal mess for some unsuspecting soul to try to sort out.

woo hoo, corporate welfare AGAIN!

Come gather 'round people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You'll be drenched to the bone.
If your time to you
Is worth savin'
Then you better start swimmin'
Or you'll sink like a stone
For the times they are a-changin'.

Come writers and critics
Who prophesize with your pen
And keep your eyes wide
The chance won't come again
And don't speak too soon
For the wheel's still in spin
And there's no tellin' who
That it's namin'.
For the loser now
Will be later to win
For the times they are a-changin'.

Come senators, congressmen
Please heed the call
Don't stand in the doorway
Don't block up the hall
For he that gets hurt
Will be he who has stalled
There's a battle outside
And it is ragin'.
It'll soon shake your windows
And rattle your walls
For the times they are a-changin'.

Come mothers and fathers
Throughout the land
And don't criticize
What you can't understand
Your sons and your daughters
Are beyond your command
Your old road is
Rapidly agin'.
Please get out of the new one
If you can't lend your hand
For the times they are a-changin'.

The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is
Rapidly fadin'.
And the first one now
Will later be last
For the times they are a-changin'.

I hope nobody actually wants to buy anything.
Oh wait, ours is a "consumer" economy.
Who is Bernanke trying to help?

Stay the course in uncharted waters. The daisy-chain of derivatives and counter-party exposures, liquidity risk, and a complete lack of transparency awaits you. If market chatter can bring down the underpinnings for Bear Stearns, the US credit system, or the markets overall you can begin to understand the value of faith.

All i'll say hear that big sucking sound that's the dollar going into the drain ,as the inflation eats all your money because of the FED more worried about Wall Street then the American people ,and they ponder and wonder how can the economy can be tanking ,i guess when you give corporate welfare to corporate America who are thieves and balk at giving the American people caught up in this mess some free money to help them,i can see how they (corporate America)are baffled that the economy is tanking since these companies who pull a fraud get free money yet the Bush regime says the home owners don't expect any help ,so the credit and subcrime crises will give free money to corporate America but for those Americans caught up in this mess will give you the finger, FED lower interest rates so not only will you get no help from your government but we are going to help get INFLATION going big time so all those things you need gas,food ,prices sky high so how's that a big finger in your face Americans haven't seen anything yet in INFLATION if they think it's bad now wait as the year goes on because the FED is more worried about their corporate friends then the American people ,all this FED is doing is digging a deeper hole, the economy is done and this action is futile attempt to pacify the corporate cronies of the FED and Bush regime,but it WON'T WORK to save the economy,because it's already to late and this action will just speed up the process of putting the nail in the coffin of the American economy

Yeehaw. It's so great to be rich in America!

From 3.00 down to 2.25 percent.

Only three more such rabbits left in the hat.

After that, Bernanke will have to PAY you to borrow money. Oh wait, we already have tax rebates. Never mind.

HuffPost's Pick

More rate cuts. Great! Can't wait for the next asset bubble

It's 75 basis points everybody. It's up

Pump and Dump! It's like watching a bunch of crack fiends.