Wednesday, February 11, 2009

Geithner: Confidence Abounds!


So the Bad Bank thing that isn't a Good Bank because it is supposed to be a Bad Bank and the nearly trillion dollars in guaranteed-ish government spending doesn't resonate to well with the people running the market? What gives?

Didn't they see that a majority of our legislators in the Senate voted for such a stimulus? When have they ever been wrong?

Didn't Obama say this was all going to work? President Obama makes homes for the homeless appear out of thin air; Who are you to say differently, Marketeers?

You've got some nerve going against the President of these United States. I mean, you didn't have to vote for him, but you ought to support him and his plan to put all of these what most describe as "toxic" assets into one bank, and then just do what he says and invest in them.

I mean, "toxic" can have all sorts of cool meanings. Britney Spears? Ring any bells? And think of how many superheroes you know who fell in a toxic vat and were able to lift cars and stuff? Come on man.

This is paraphrasing, but I hear the news on the street today. As it seems, many aren't so keen on the idea of this stimulus bill, which many think is unstructured and unsuitable at this point.

But the bill also passed in the Senate. Which means while our bankers — those who deal with money on a primary basis, rather than other various and far-reaching political agendas — don't agree, or at least, aren't willing to stick their necks out for it anyway.

While faith in a new government economic program is by no means a prerequisite to immediately passing such a bill, it doesn't hurt. Our market relies heavily on mood, which is an odd thing to base livelihood on.

Plus, and this should go without saying, the bankers and brokers on Wall Street that govern the market's ebb and flow are the boneheads who couldn't regulate themselves enough and put us in this mess in the first place.

I can just hear the Founding Fathers now: "Just when the government gives you kids some responsibility, you blow it. You're grounded."

No comments:

Post a Comment