Here is the level of economic stupidity being perpetrated on people who cannot reasonably be expected to command the knowledge or information necessary to make decisions, yet who are obliged to foot the bills.
A gussied-up Cable News Nonsense pundit remarked this morning, with the girlish excitability of one who dots her i’s with happy faces, that maybe it would be a good thing for Wall Street if CitiGroup and Wells Fargo get into a bidding war over Wachovia. More money for the credit crisis, right?
Yippee, High Five, we’re on a roll now…‘cause it’s not like overvaluation of assets has been at issue.
One can only be astonished so many days in a row before every aspect of the most reasonable and peaceable person’s life is infected by a core Anger. Michael Chertoff would call it a Gut Feeling.
The unfailingly gullible American Public will rue the day that it applauded mega-mergers between the same N’er-Do-Wells who contrived “our” need of “rescue.”