Friday, September 26, 2008
Washington Mutual & John McCain
Well, it is official, but no surprise to readers of the American Energy Crisis that Washington Mutual has collapsed.
The Flame Out in the McCain campaign just goes to show that it does not pay to be a member of the Party in the White House when the the world appears to be coming apart at the seems. (Looking back on my decision early in my career to work on Wall Street rather than a political operative working in campaigns feels better all the time...) See? Life's not fair, even to establishment member politicians.
But lets get back to the debate on bank funding bill going on in Washington.
This is some high stakes stuff. In their desire to "punish" the "evil doers" (Corporate CEO's), the American public is asking their representatives to vote "NO" or HELL NO". Be careful what you ask for, you may just get it.
America's most important contribution to the world economy, at this time in history, is the American Dollar and the export thereof. We are as close to US$/Banking collapse as one can possibly get.
Mentatt (at) yahoo (d0t) com
Posted by The Short Story Man at 5:18 AM