Nikola

Credit Card Crunch

Gob, he who laughs last.... Remember that all the money the banks lose on deadbeats you pay for with your taxes. So I am not sure you did yourself a favor by sending your bank to a deadbeat and not paying the late fee.

I have another question. Does anyone actually know what happened with the bailout money. Is there some report on-line? All I know is that Congress passed a law and President signed it, to spend $700 billion, and that some money has apparently been spent. How? By whom? When?

It would be worthwhile to go back and count the total bailout funds advertised up to now. I think it all might add up to a few trillion dollars around the world all together combined. Say what you will, that's a lot of money. We should all be flush with cash by now. But why aren't we?

WHERE IS THE MONEY?

Frankly, it all sounds to me like the bailout is as real as the leveraged investments the spinmeisters -- who got us into this mess -- made. Smoke and mirrors.

Fix one illusion with another. That's the way to do it. Money for nothing and your chicks for free.