Yeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.
If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.
Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.
