Art O’Connor

Wake Up, Kick Ass, Repeat

 

Obama Wins! sort of

Blog Category: Blog — Blogged by: Art on September 7, 2008 at 12:16 pm

NY Times
Yahoo News

By the time Henry Paulson is through whenever someone talks about a financial scam they wont call it a Ponzi Scheme it will be called a Paulson Scheme. It is amazing to me how this guy can line the pockets of his buddies at the tax payers expense while all any one on the “new” talks abut is Gov. Palin’s looks. For those not pain attention Paulson has basically screwed us all with the Freddie Mac/Fannie Mae bailout. This plan help no one but his pal that he has put in place to gorge themselves on tax payer money. Not a sinlge mortgage holder will be helped, only the banking executive that knowingly caused this in the first place. The best quote is in the Yahoo story where Senator Frank says “”I think all shareholders will be disadvantaged,” that may be the understatement of the year. The best part is he dumps all this mess on the next administration to clean up. Basically the Republicans have thrown the election today folks. In four years after Obama can’t clean up this Paulson Scheme (and no one could) he will be blamed and the sheeple will be begging for a change. Meet President Romney….

Just to show us that he is not even trying to cover the theft he placed David M. Moffett of the Carlyle Group in charge of Freddie Mac. For those who don’t know George Bush #1 has deep connections and is on the payroll. No surprise that the Carlyle Group has been one of the biggest profiteers on the made up “War on Terror”. If nothing else Hank has some big brass ones.

1 Comment »

Comment by The mop

September 7, 2008 @ 5:51 pm

Getting caught short? I’ve been too scared to be short this round, besides as a day trade.

Who knows, maybe we rally till expiration. Then take that next leg down…. Tech has yet to become a Value.

Hope you caught some of the air coming out of the “irrational exuberance” in biotech.

The lame thing is that the Republicans want to “set it free” again…. Just so that it can be bailed out again next time around.

RSS feed for comments on this post.

Leave a comment

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>