Lehman is following Fannie and Freddie (yeah, I know they claim to have saved the day with these two, it’s just a band aid that will hopefully be pulled off by whomever takes office after the election as it is ludicrous and unsustainable. If they don’t pull it off and instead replace it with another band aid the suffering will be even worse) Fannie and Freddie followed Indy Mac who was following Bear Stearns. Get used to it; many, many more are already dead and just waiting to topple. Bank and other financial institutions will fail lots and lots of them. People will loose jobs, loose homes, loose families, lots and lots and lots of them. It really is already done. Everything being proposed now is akin to closing the proverbial barn door after the horses have run off.
Accept it, don’t be that big flightless bird that when threatened buries its head in the sand! Picture that bird for a minute, what part of its body is sticking up in the air when it buries its head? For the entire world to come along and kick!?! You have choices. The time to make wise choices is now. You can bury your head and hope that your government will, for the first time in history, address a problem without making it worse. Or you could put down the crack pipe and realize that the only one looking out for you and your loved ones is you. So do it. Get yourself as financially solid as you can (www.moorehelptrust.com) and then work to maximize your human potential – be the best you can in order to help others who simply don’t yet get it! Put a note in your calendar to check www.allthebluewhales.com in about 10 days, it’s not out there yet, but from what I hear it will be dedicated to helping those who want to help themselves and then once you have helped yourselves you will be able to help others.
PS anyone willing to bet that we see Dow 8,500 before we see Dow 12,000 again?
