Pinpointing the weapons of financial mass destruction

THE BAIL OUT SURGE-- Final Act of the Tragic Bush Comedy

The Financial Katrina that has hit Wall Street is a fitting metaphor for
8 tiresome years of incompetence from the Bush White House.

Lets take a look:

During the months leading up to 9/11, there were numerous red flags
that Al Qaeda was planning something big. These were blatantly ignored.

During the years leading up to this financial crisis, there were numerous red flags that
Wall Street was dangerously over leveraging the real estate market. These were
ridiculed and blatantly ignored.

After Katrina hit New Orleans, the administration claimed everything was
hunky dorey, under the adept leadership of a political hack called Brownie.

After the Subprime market began to implode last year, the administration continuously
claimed that our economy is fundamentally sound. The financial markets were
being competently protected by the SEC and its politically appointed Chairman Cox.

After 9/11 the Bush Administration laid the blame on Saddam Hussein. A despicable
guy, but not the perpetrator.

In the Subprime Crisis, the administration is laying the blame off on short sellers. You may not
like them, but they are not the perpetrators.

After 9/11, the administration slacked on chasing the real perpetrator, Bin Laden.

In the Subprime Crisis, the real perpetrators, reckless Wall Street executives, are not being brought to
justice.

Weapons of Mass Destruction

Financial Weapons of Mass Destruction

Improvised explosive devices

Synthetic CDO's

Blackwater

Blackrock

Opaque Whitehouse

Opaque financial institutions

Following years of mismanagement of the Iraq War, the administration used scare tactics to
force Congress to go along with the military surge.

Following years of regulatory inaction and months of failure to stem the subprime crisis, the administration is using scare tactics to force Congress to go along with
the subprime bailout surge.

After the surge, there is no final solution in sight.

There is no final solution for the subprime bailout surge.

The Military Industrial Complex thrived under Bush.

The Consumer Finance Industrial Complex has thrived under Bush and will thrive once again. Who do you think is going to manage
all the bailout assets after they are purged from Wall Street's books. Wall Street of course!

Billions and billions of dollars spent.

The same guy gets screwed in the end, Joe tax payer.

The list goes on and on.

See you in November

PS: During the weekend of Paulson bailout, the Marriot hotel in Ishlambad was blown up. Probably by Al Qaeda. The news coverage of this
event pales in comparison to the bailout coverage. It is a tragedy. But the real tragedy is that after eight years, Bush and his men have failed
in hunting down the Taliban and Bin Laden.

PPS: It would have been nice if this subprime bailout money had been used to rebuild New Orleans. They were literally in need of being bailed out.

rofl rofl

Re PPS and New Orleans - more accurately the money should have been used to relocate everyone nicely to somewhere else... Nature has said - don't live here - listen to nature...

"Comrade Paulson has seized the economy's commanding heights upon behalf of the American people."

-Paul Krugman