Capitalism fails to collapse. What's up with that?

Justin,

I'm starting to believe that we really don't need a Paulson bailout.

But.

We do need to put into place what Dad said below in a Roubini structured HOME type of vehicle.

Fundamentally, we are still stuck on over-leveraged island. We have to take control and nationalize the housing industry. Yes, I know it is socialism. So what.

Sure. Some people are going to take their lumps, but within 6 months of implementation, housing could find a floor. At that point the credit markets begin to work again.

And finally. Regulate that freakin' CDS market!
$52T in insurance is just ridiculous. The nature of capitalism is losses and gains. Insuring against every loss has gotten us to the point where the insurance vastly outstrips the underlying assets. It is just pure sillyness.

Ground Control to John McCain
(David Bowie, Ground Control to Major Tom)
Adapted by WilliamBanzai7

Ground control to Captain John, Ground control to Captain John:
Take your liver pills and put your bailout helmet on
Ground control to Captain John: Commencing countdown engine's on
Check ig-nition and may the GOP right be with you

This is Commander Bush to Captain John, a huge mess you've really made!
And the papers want to know which party's shorts you wear,
Now it's time to leave and go debate if you dare

This is John McCain to ground control, I'm sitting on the floor
And I'm thinking in the most peculiar way
And the campaign stars look very different today

For here am I sitting in a hotel room, far above the world
The TARP bailout is through and there's nothing I can do

BRIDGE

Though I'm passed one hundred thousand campaign miles, I'm feeling very still
And I think my handlers don't know which way to go,

Ground control to Captain John:
Your campaigns dead, there's something wrong.
Can you hear me Captain John?
Can you hear me Captain John?
Can you hear me Captain John? Can you ...

Here am I sitting in my hotel room, far above the world
The TARP bailout is through and there's nothing I can do....

we need a new measure of official panic..for a starter sum of a few million for essentials, i'd be happy to look into the feasibility of creating a bipartisan committee to make recommendations about it

I have some trash and junk, old crap from my Garage sitting out on the curb.

I demand, IMMEDIATELY, that the Federal Government provide me with $1 Trillion to remove this junk(they can "own" it). If the Federal Government does NOT approve this, dire consequenses will proliferate.

The Global Economy may fail, Weapons of mass destruction will fall from the sky, Barbar Bush will give you backrubs...HORRIBLE, HORRIBLE Things will happen

I will expect the $1 Trillion delivered to me tomorrow AM, in small bills, 5, 10s, 20s are cool. OR ELSE!!!!

Oh, ya, and none of this can be reviewed by any regulatory agency, committee or court of law.

Thanks for playing. MAN, what am I gonna do with all that bling!!!

I work at a Fortune 500 Company.

We are currently in the process of developing an inventory database of all our useless valueless assets.

We need a good year. We are hoping that the Federal Government will spend Taxpayer dollars to take this crappola off our hands and make a HUGE bonus for our Fat Cat CEO.

Thanks France...er, I mean Uncle Sam