” I told friends that only way that Obama would win is if we have major recession, which today means if BofA or maybe even if smaller WaMu get taken over by FDIC. Exec party will do whatever it takes to prevent that because it would mean dem would win. So game over. All you geeks can run your fancy Monte Carlo game theory simulations, but you’ll still come up with my simple answer.”
First off, my apologies to you all for responding to Marion’s thread above. I had been offline for a day and couldn’t resist calling her out.
But I promise not to humor her with another response.
That said, to your point equalizer: I actually think there is a very good chance that Obama could win in November by a sizeable margin. Certainly, if the election were held today he would not win. But there is a high probability that WaMu will go belly-up within the next 30-60 days (I have heard this from two (2) separate and independent sources at banks, one at Indymac). If and when that happens, FDIC will simply be overwhelmed and we will have a systemic failure. Under those circumstances, a three-legged dog with fleas could win. I think an Obama presidency is almost unavoidable, at this point.
Does anyone else on this board have any knowledge to the contrary? I would love to believe that the banks are in better financial health, but all indications now are that most are on deathwatch.
