Tuesday, September 23, 2008

REMEMBER WMDs? This gambit seems strangely familiar....

My letter to  the White House,  one letter of millions that no one will ever read:
Sent to: comments@whitehouse.gov, vice_president@whitehouse.gov, president@whitehouse.gov

Dear Executives:

Well,well, when you said IRAQ had weapons of mass destruction, I thought oh surely you must know and now we have spent 500 billion making war on the wrong country. Fooled me once. That's enough. Now you say, OH WE HAVE TO SIMPLY HAVE TO SPEND a trillion dollars, immediately,  without oversight, bypassing all the established protocols on spending and contracting.  Big surprise.  Could the end of the financial system you are declaring be a lot like those weapons of mass destruction we never found only the fraud is even more expensive and would enrich your pals for years and leave main street drained dry...  You have cried wolf fraudulently once too often and I for one will urge my representatives and senators to vote down paying your pals trillions.

MM Walker
-- 
That is the letter. However.  Big trouble may arrive even if  they buy up a trillion dollars worth of bad paper. Across the globe everything economic is grinding to a stall or might in the next week or month.  Untenable derivatives/credit swaps, and deals so complex and flagarently under "collateralized" if you will,  are so utterly unregulated and opaque, that the treads of causality can not be untangled.   A simple solution will not be found for this one.  Maybe Uncle Hal was right.  (YIKES)