Showing posts with label bail out. Show all posts
Showing posts with label bail out. Show all posts

Friday, September 26, 2008

More Reality Than Conspiracy Theory

So, we are told that the economy is fine until a week before congress is set to let out, then all hell breaks loose in an event where banks, the people set to benefit the most, stopped giving credit and sent a huge scare through the world.  Then we are told that something has to be done instantly and Bernacki within the hour has the magic number of 700 billion in the form of a blank check with no regulation that needs to be passed through by congress before they let out or eminent disaster is sure to strike.  Wamu, right on time, was seized by the same government that Just hours before asked for a blank check because something like this could happen.  Then the feds sell Wamu to chase.  Chase gets a sweet deal.  This all is just too convenient and too easily manipulated for me to feel that it is anything but a scam.

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