Carl Spackler

The Greatest Short Sale in History

TARP is really TURD! All the intervention the FED is doing will just cause the economy to linger in negative economic growth for years instead of months. It is akin to pulling off a band aid one small millimeter at a time. We would be better off to let these things fall in one fell swoop and start the recover in 6 months. As it is, we will have this huge inventory of real estate at inflated levels that the government will sell off a little at a time. This will provide downward pressure for years and investors will avoid a market like this for quite a while. Instead of a V recovery, we get the infamous double dip recession courtesy of a FED that is too worried about the stock market crashing. Market contractions are a normal way of life and the FED trying to prevent them is like the Corp of Engineers trying to keep New Orleans dry!

AIG: Hardly a 'Bailout', Absolutely Necessary

Satisfied with the bailout? What a joke. An astonishing $85B of our tax dollars is going to help prop up a financial company that does 65% of its business overseas. In addition, 65% of those worthless CDS's AIG wrote are in the hands of overseas banks and governments. So our money is being used to make sure some Chinese or European D**khead gets his money. It sucks - plain and simple! We should have let this one go down, but the Fed is so cozy with the Chinese. No, we cannot have them mad at us, so lets reassure them that we will cover the bill. It reaks!

AIG: America's Insurance Giant

Why is the Fed so willing to loan $85B to a company that has 65% of its exposure overseas? That's right, why are we using U.S. taxpayer money to bail out a bunch of overseas banks and policyholders. It stinks! Here again is another example of how the Fed will kiss a bunch of Chinese bureaucrats butts to keep them happy.

History Suggests the Financial Bottom May Be Near

Reminds me of the character in Animal House who is yelling during the parade "everything is fine - everyone remain calm" while the riot ensues.