Economic Hurricane Warning: Category Five
As our crew of presidential sweat hogs continued their mutual urination fest this morning, fear-induced anal seepage splattered the floor of every exchange and many a corporate boardroom.
As news of Lehman’s collapse and Merrill’s sale struck fear in the hearts of anyone with anything to lose, the gubmint strained its PR mechanisms to send out messages of hope, all with the same subtext: you’re all gonna die.
The Treasury Secretary sounded like a guy praising the Titanic’s hull structure even as he pushed old ladies and children out of the way to commandeer a lifeboat.
It’s not a good sign when the Securities and Exchange Commission issues multiple press releases, including one over the weekend, to tell you not to BE SCARED SHI*LESS!
Even Il Douche himself, who can barely count to five, vomited reassurance from the White House.
So to get back to our candidates . . . . I’d still like to hear a little bit about how the mortgage industry operated unsupervised for years as this debacle developed . . . and maybe something about how we’re going to pay the $3 trillion tab from our occupation of Iraq.
Well, what about it then?
Image courtesy of the U.S. gubmint via Northwestern.
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