Monday, September 22, 2008

Irony in Abundance

Does any one find it ironic that the Bush Administration and Wall Street finished what Bin Laden started? Or that the Fed and Treasury are just throwing money at problems without explaining their actions. It looks as if they haven't a clue as to whether their actions will have the desired effects, but like mad men, they keep doing what they know which is throw money at the problem until it goes away, or gets better, rather than step back and rethink their strategy. And, we are supposed to trust them and their opaque dealings which is how this whole financial mess started - too much trust and not enough transparency. Now there's no trust and little transparency, and credit and lending is frozen.

Some thoughtful alternatives instead of the "Cash for Trash" Treasury Plan are here and here.


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