Toxic Bull Shit
The more I listened to the congressional appearances of Paulson & Bernanki the more convinced I become that this is Bush’s last attempt to scare us into another jump to the National Socialist , military fascist state .
The market is frozen by the creation of foolish financial derivatives too complex to be marked to market every night as SarbanesOxley regulations demand .
There is no way a subset of market minds can solve the mess caused by such regulation quicker that the entire set can . Left to the market , this spike would work itself out like the oil spike has .
I wish I had time to flesh this out but don’t right now . Everyone who has not yet followed up on DownsizeDC’s email message to tell their WDC “reps” that they will vote and work against them if they vote for this historic fraud .