Glenn Wilson

“we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”

That's great, it starts with an earthquake, birds and snakes, an aeroplane and Lenny Bruce is not afraid. Eye of a hurricane, listen to yourself churn - world serves its own needs, dummy serve your own needs. Feed it off an aux speak, grunt, no, strength, the Ladder start to clatter with fear fight down height. Wire in a fire, representing seven games, and a government for hire at a combat site. Left of west and coming in a hurry with the furys breathing down your neck. Team by team reporters baffled, trumped, tethered cropped. Look at that low playing. Fine, then. Uh oh, overflow, population, common food, but it'll do to Save yourself, serve yourself. World serves its own needs, listen to your heart bleed dummy with the rapture and the revered and the right, right. You vitriolic, patriotic, slam, fight, bright light, feeling pretty psyched.

It's the end of the world as we know it.
It's the end of the world as we know it.
It's the end of the world as we know it and I feel fine.

R.E.M. - It's The End Of The World

Or is it just another money grab and power grab?

Sec. 6. Maximum Amount of Authorized Purchases.

The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Text of Draft Proposal for Bailout Plan

Economist Paul Krugman explains:

Anybody that knew what was going on would be in a bomb shelter by now.

[Krugman's money is] in a money market fund which I felt was safe but that might not be safe either at this point.

Probably we don't have everything melt down in two days, which is really what could've happened.

The best scenario is the economy's probably going to get worse for another year and the housing market is going to get worse for another two years.

This is not the answer, this is just avoiding disaster.

We really need a better Government than we've got.

And where is Paul Krugman?

I'm in basement classroom with some crepe paper over the windows.

What? No bomb shelter available?

Krugman: No Deal.

If Wall Street gets away with this, it will represent an historic swindle of the American public

Labels: economy