Chips

Unfortunately, the only thing that makes sense is that he's not really expected to fix anything. That is, unless it's the 'fix' as in, "OK, cauliflower ears, the fix is in, ya understand me?...ya go down in the 6th, and make it look good. On second thought, I don't care if you make it look good or not. Just go down. They'll never notice." And am I imagining things, or are CFR members now filling virtually every position in the coming administration? It's the fulfillment of the mission of the Creature from Jekyll Island.

The nightmare does indeed seem to be integrating rather quickly. There are those out there who have seen this coming for decades, but the reality and speed of the disintegration is, I think, still a shock. You're way ahead of me on this Geithner fellow; I'll have to come up to speed. But the Fed sprang from the bowels of the international banking elite, and is apparently simply fulfilling its destiny.

They're bold enough now to be putting together that socialistic wheel publicly, gathering equity as they rescue, and even flat out projecting government takeover of 401K's and pensions. I'm afraid your - our! - bad dream is past the point of no return, toward nightmare. Socially, it would be called rape. Financially, we've been gangbanked.

Thanks, cowpip. I don't know why it still feels like government of Goldman-Sachs, by Goldman-Sachs and for Goldman-Sachs. In the Reuters article you referenced, the "That some sort of action is needed to rescue the financial system from itself is hardly a point of contention." comment was interesting, considering that constituents' communications to their elected representatives ran about 100 to 1 against the bailout.

cowpip - Exactly where on the net did you find the info re Paulson having to divest himself of all GS assets before taking office?