I got to sneak out and play hockey today… the big conversation amongst the men was this bailout…lots of angst because this crew of guys are all pretty well educated and prudent… most are homeowners although some are renters. In all cases they are all fiscally responsible and everyone was pretty pissed off about the entire shmear…
I am sure you guys have all heard the infamous rumor about Paulson joining the Bush team for future immunity when it is found that GS hoodwinked investors… That one made me laugh today.
At any rate I couldn’t agree more about all of this being
a – about getting votes,
b – having nothing to do with helping people
c – most likely to be challenged by investors
d – not applicable to many people
e – not really having any major effect on the slide
However as you all know it all does piss me off. Furthermore I think maybe perhaps the backlash to it is something I underestimated which is a very good thing.
Still I am worried about it and the future ploys, announcements, schemes… whatever you want to call them. As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.
