I'm afraid of the dark.

not really but I'm definitely afraid of some rogue country pointing a nuke right at my ass even if every time the North Korean's shoot a rocket it seems a lot more like a Righetti after a few too many whiskey's and not a Righetti on a full bottle of passion-fruit Snapple.


In the meantime, is it just me or do you get the feeling the Obama administration sees the Automotive and Banking business in two different ways. I know that we're told that we can't afford to let the banks fail while that isn't exactly the same as the automotive industry which should not fail. There is a very small nuanced difference here but it's pretty important.

Is this because they truly don't think the banking industry can fail or because they just don’t understand it?  The banking industry has been hiring mathematicians to run these complex derivatives while the manufacturing plant has been hiring frat boys to run the show.  It's funny if you speak with people since everybody has some kind of opinion of how GM can get fixed but nobody has any idea how AIG should get fixed.

This is where I think the administration is with this right now, they are getting talked in circles by two groups of people and they have decided that although they will not get embarrassed by the blue-color folk they are afraid of the white-color folk cause they don't really believe they can fix the problem.

The AIG thing is so embarrasing because as Jon Stewart has already said, we are giving the banks money to cover their crappy loans and then we are giving AIG money to insure those same crappy loans.. in other words we are insuring the same crappy loans twice.
Not letting AIG fail has come down to one thing.  Obviously all the insurance they have been offering is nothing more than pie-in-the sky, they weren't insuring anything and the 120 billion they've been given was just a way to Ponzi Scheme the money to the Goldman Sacks folk under the table.