THE DOT - if this turns orange or red be alert

Tuesday, March 3, 2009

We should really get 250k per speech Greenspan to get grilled

Bernanke did not cause this mess we all can agree on that but he was used to misled people as he was praised as the depression expert who was for a long time in denial of the problems. If it was for political reasons (more likely) or for misjudgement I cannot prove but its not important as the real actors are barely the ones we have in the public limelight.
I am pretty sure that's the same reason why we so easily got the first partly afro-american president. Not only that the famous show '24' promoted the idea but also as he physically represents his mantra 'change'. Even the color is a symbolic one - not that there is anything wrong with that at all but to throw a completely inexperienced man into the biggest crises in a century was quite a piece of work done with an unprecedented ad budget. I believe why they let him win actually why they created him as a president was for his symbolic role he claims and people will give him more credit when any other candidate as things will get worse inevitably. Banks losses have to rise going forward with rising unemployment and nowadays people do even agree that this is true for the general economy ( which was denied for a long time). Goldman has put earnings for 2009 at 40 Dollar for the SPX that's a shocking number as it basically half's the earnings people were expecting a few months ago.
This bogus talk about the marking to market talk is another phony approach to swindle people out of trouble what a nonsense but people like Bernanke make the mistake to support such efforts by never telling the truth how can Citi be any close to be a solvent bank it will like AIG raise the money they need on a constant basis. One Senator put it the right way the slow death does not help anyone - it got to be bold and quick as Obama promised but did/ could not deliver. How could he he must be overwhelmed by all the huge calls he has to make as a rookie of economics and in his job (that's a credit we need to give him). The guys who caused all this trouble sit in their comfy homes have retreated and enjoy the show it seems as no one takes them in charge (that's also not capitalism that's a derivative of socialism as well).

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