[quote=AN]Do you think Geithner won’t engineer the same bailouts and Obama won’t approve such bailout?[/quote]
Geitner? In a heartbeat. Whether as a result of malevolence or ignorance, it doesn’t matter. (I think his history makes it pretty clear, his corruptness is exceeded only by his incompetence.) Obama, not so much. Though I see nothing on the horizon that would require any bailouts. The economy is not tanking. Growth has slowed to a trickle, but the only thing that continues to bleed is the unemployed worker. The financial bubbles burst years ago (with the exception of commodities, which slowly have receded from their mostly artificial highs). Nor are the government’s finances tanking. Hence the safety that the market migrated to was….the very asset that was recently downgraded.
