"Moral hazard" be g-damned, the right wingish Bush Adnibistration
belatedly has blinked its relatively rigid ideological stance/
postulation

The U.S. financial system is a complex booger, and thus please do not
ask me to explain the
total significance of what is happeing today.

My posting is derived mainly from CNBC financial tv, and it's
certainly not one hundred percent assured anything

Treasury Secretary Paulson has been dragged kicking and cussing into
pragmatic reality

To me, a year ago this should've been done in the simplistic way I
touted, paying off the defaults and constructing easier terms, i.e.
paper shuffling, or whatever machinations the clumsy idiotological
fuggers are trying now

When they voted for the nutty imprudent Bush II, this financial chaos
was inevitable

Robert Cohen msn.com> wrote:

Daniel T. wrote:

All right, another 200 billion. On top of the 9 trillion national debt
and the 54 trillion of unfunded entitlements former Comptroller of the
USA David M. Walker has been preaching about.

"A trillion here, a trillion there, and pretty soon it adds up to real
money." hmm. is there any such thing as real money any more? I'd worry
about the addition, but it looks like just piling zeros. Nothing, plus
nothing still equals nothing.

Which, I spoze is what a pension will be worth in 2012.