Posts Tagged ‘auction’

Wall Street has jumped the tracks. Its former liquidity is iced. The bulls have morphed into bears. The “masters of the universe” have gotten their pink slips and the rest of us are waiting for the shit to roll downhill. Oh, I’m sorry — for the shit to “trickle down.”

For a while, it looked like the big dogs — the ones with the golden parachutes — would actually get their asses kicked and their appetites curbed. Wrong! Congress (your senator, my congressman) wants to step ‘n fetch some more kibble to feed the yawning maw of corporate greed and irresponsibility.

We’ve been told the “assets” taxpayers are poised to absorb (for a cool $700 billion) should increase in value; taxpayers will get their money back, eventually. Hmmmm… when was the last time the government returned some of our money? Oh yeah, when Bush ’43 sent us $600 to shop at Walmart, so the whole country could stay afloat, so what’s happening now wouldn’t happen. As Dr. Phil would say, “How’s that workin’ for ya?” (more…)

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