Oh, mercy, where in the world is this rescue headed!

$800 billion more in loans and debt programs? Go above and beyond the $700 billion bailout? What, dip into taxpayers' dollars to take care of errant spenders? Axe the taxpayers even further to rescue the footloose? I'm tired of this mess, of reading reams about the nonsense that's spreading across the US market, across world … Continue reading Oh, mercy, where in the world is this rescue headed!

Bailout, fallout, lock-in, lending, up the wall, behind the scenes, rollout, slice the funds, face the grill…

Can anyone figure out what on earth is going on behind the scenes regarding the roll-out of the bailout plan before they slice the funds, lock-in or lend, or face the grill, go up the Wall, or bankroll a new loan facility... who can explain this to us, all over again, in simple parlance... whether … Continue reading Bailout, fallout, lock-in, lending, up the wall, behind the scenes, rollout, slice the funds, face the grill…

Reasons to be smug & smooth… not yet!

Pleading for support, bent on one knee, urging Nancy Pelosi "not to blow it up", could Mr Paulson possibly have worn this expression! Leaving Capitol Hill on Thursday night, wearing a smug smile, does not bode well for the nation. The fate of millions hangs; it reeks of the smile before the slaughter that will … Continue reading Reasons to be smug & smooth… not yet!