Here it is the back side of the recession & yes Virginia, they are still talking about adding more money to bail out the banks, this is exactly what I've railed against, yet its exactly where we are headed. The problem with bailouts is they don't solve the issue, bad business practices, the only way to solve bad business practices, is to let the market solve the issue the natural way, let the businesses in question go out of business.
No body in his their right mind can say there is any real chance of helping out these damaged companies, they are not going to survive. The cause of the problem is bad business methods, its lunacy to follow them up with yet more bad business methods ,by making even more bad business decisions, you know loaning money to companies who can't make money on the loans they've already made.
And for gods sake, don't tell me "these companies are too big to let fail", Thats Bull Shit!
There is no such business! Yes big companies imploding isn't fun, but it isn't the end of the Frakkin World! The market will absorb in 6 months what we will now have to suck up for the next 24 months. Thats right we now get 8 quarters suck instead of 2 quarters. Now The US Govt has asked for the resignation of GM CEO. OK, why, this was supposed to be a bridge loan. Not a frigging nationalization. Ya the last thing I want is to be part owner of the big 3 , or for that matter AIG, or Citi! Why, Hell why buy these guys, they are on their last legs.
Well the next 1/4 will tell, as we slog through this recession, so far everything points to another round of bail outs. I'm betting before May 15th.








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