Illusional Delusion

China's Statements About U.S. Debt Are Overblown

I doubt that. The financials need capital even if they are really healthy to weather the storm and hosing the creditors is the last thing you need. It would be good though, since taxpayers are paying for the financials' bad bets with or without the bailout, so why should we kid ourselves and think that they are solvent. Stemming the rot is important, but it should not be by sucking value out of our everyday dollars though.

On Jun 01 12:49 PM pslater wrote:

> As for Fannie and Freddie debt, I wouldn't rule out BHO doing

Tuesday Outlook: Commodities, Emerging Markets, More

I don't think that is the case, since probably the entire congress needs to be examined over their lack of oversight before the "crisis". It always amazes me how these people can get to congress but now we can evaluate whether these men and women can really lead. Hopefully, this lesson will not be lost within 2 weeks by the media.

I'm against the bailout as well, and I hold stocks also. I think a correction is more beneficial to the global economy than the bailout. Corrections are needed to right inflated prices. Besides, the consolidation of banks probably mean that the good banks probably did enough homework to avoid going out of business anyway, so why do we need a 700 billion blank check now? Fishy right?