graysmoke

Friday, October 10, 2008

The Limits of "Goosing"

The Wall Street Casino continues to lack players, everyone now realizes what the house odds are against winning - unless you have enough chips to be a high roller like the hedge crowd.

The injection of the 700B taxpayer dollars is going to be another loss, even if the G7 comes up with some cockamanie "fix".

There is no one to believe, no one to trust, eight years of "W' wiped that out......for me it disappeared that first year. And Georgie hasn't a clue, he keeps getting in the way of a microphone and expects his empty words in have "results".

The foxes are in the chicken house, Paulson and another buddy from GS that has been given the job of filling the IV jugs and opening the flow to those institutions of their choosing.......WOO-WOO.......watch out for that trickle.......they have no idea of what the dosage should be or if it will be toxic too. Them that brung us can't be expected to dance us out of this.....to paraphrase it like the missed Molly would have.

A bit of silver lining in my own personal involvement......maybe. Seems Citigroup has thrown in the legal towel on the FDIC engineered deal for parts of Wachovia, and my understanding is that Wells Fargo's offer is for the whole enchilada. Which would mean getting the brokerages etc as well as the banking entities.........as a very disgruntled A G EDwards/Wachovia client, not shareholder, I feel this just might be the better deal because if this is finalized, the brokerage would then be A G EDward/Wells Fargo, or it might be marketed again.



graysmoke

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