Does Anyone feel like Bailing

[tw]

Originally Posted by TheMercenary

I still believe they pressured the hell out of BOA to do the deal. Now they are just covering their collective asses.

Which is what Lewis (of BOA) was saying in December when the losses (when the spread sheets were corrected to report reality) became obvious. Ken Lewis is no longer saying that now that Merrill Lynch is becoming profitable again.

All this criticism of Bernanke sound like chasing Clinton's penis. As soon as Clinton was out of office, Paula Jones sudden had to pay her own bills. When Clinton was out of office, Paula Jones suddenly discovered her car registration was not even paid for. She did not even know she must register her car because political extremists no longer needed her. This Bernanke nonsense is classic politics rather than addressing the real problems such as Enron accounting.

If they were being honest, most criticism would be at Paulsen and Paulsen’s boss who approved all this. But there is no political advantage to addressing the real issue. The most ignorant among us get inspired when we chase Clinton's penis or how a near entire economic meltdown was averted ASAP.

Never forget faces on those Congressmen when they came out of a meeting with Paulsen and Bernanke. Even deer caught in the headlights do not show that much fear. What they did back then was that desperate and necessary. Only a political agenda would have us forget that reality.