The Obama Administration plans to fix the banking system will enrich banks but will not create a viable financial system. Geithner and Summers are so in trenched with Wall Street. As the foreclosures continue and the bankruptcies of commercial real estate begin there is going to be more and more pressure on the banks. These phony trading profits earning reports are a sham by Goldman Sachs and JP Morgan Chase. The recent increase in price is the last opportunity to get out of these financial stocks and never look back. Then put the dollars into the Japanese Yen.
Ref: Stiglitz Says White House Ties to Wall Street Doom Bank Rescue
If you posted more, I might comment more. I always enjoy your take on things. Hope You are AoK and not suffering from Depression, like the rest of the Kuntry.
I have been trying to add your site to my feed reader, but it keeps coming up with errors. I can do that with your feed, right?
[...] Why bother? Perhaps for the reason that health care went and passed. It is more pretend reform. It is a photo op when Obama and a cast of characters from the House and Senate declare victory — it will be “putting America first” with a backdrop of crap, crap, blah, blah, blah. Right from the beginning, Obama has aligned himself with crooks. [...]