Working His Pay Plan

Although he has caused much pain and suffering you cannot blame a man for working his pay plan, who doesn't? It might be wrong and you should blame our government not the man. Yet, there are those that will demegogue the issue and just move on. The fools are us as we allow it to continue. You can rail all you want about to big to fail, a government stickup or call it whatever you want but in the end he was working within the guidelines we as a country gave him and he pushed no boundries and broke no laws. It is our responsibity to provide the location of those guidelines so it does not happen again. Gonna happen? We'll see.



though

Just in case you were wondering about your savings

Here is a chart that explains it all. h/t to Driftglass

Time for some spring cleaning....

I have thought for some time that Barack had little choice in his selection of many cabinet positions when he was elected. I have been watching this whole economic meltdown thing for 3 years now and we were very close to edge of economic collapse in September of 2008 and although Bush and his adviser's planned it pretty close, the missed by 5 months, to hand off to the next president an economy in such shambles as to assure whoever it was of only one term and they would have the opportunity to go right back to work lining their friends and associates pockets. That was then and this is now and I actually believe that the Fed chairman, sec of treasury and many others that were hired on at the outset of his administration and were pumped by Barack for what they knew will now be cast aside and replaced with people who have Paul Volker's mindset. The fire has been put out and it is time to investigate if the fire was arson, natural causes or criminal. It has been a year of giving Wall St all they need to get healthy and they might be out of intensive care and just resting and getting better by the day they are going to be held accountable for what they did. Barack is an economic expert and he knows what must be done. He is just biding his time because the situation was so bad when he arrived that he has allowed Goldman to front run trades, let the banks get money for nothing and lend at higher rates, let delay going mark to market on real estate all the while monitoring their real health. Trillion are involved here. There will come a time when things are better economically for, soon, to pull the trigger on reigning them in. He is not that stupid. Neither are we.