So far the market doesn't like it with futures showing losses across the board. That to me is minor as I feel we have slipped through the looking glass today.
I tried to contact both Florida Senators this morning. The Republican one had a full mail box. The Democrat one had a constantly busy line. I e-mailed them both.
And much to my surprise tonight it was the Democrat Bill Nelson who voted "NO" while the Republican Mel Martinez who voted to put you and me on the hook for the criminal goings on that have created this crisis.
So while the politicians from the Democrat side predominantly were doing more than encouraging lenders to loan money to people who had no chance of paying it back (more on that in the next couple of days including a class action lawsuit revealed!), it is now mainly the Democrats who are trying to blame Republicans for the mess!
To me, it makes no sense to lend money to homeless people so they can go and buy Caribbean islands - but that's just me.
And talking of me - if I mess up then it is ME who will sort out the mess. Two or three jobs if necessary, but I will be the one to take care of it. So why am I having to take care of someone else's mess? That my friends is a question I don't have the answer for.
Well apart from to say, brace yourselves and bend over America!
(Copyright © 2008 By Simon L Conway All Rights Reserved.)