My hope is that Wall Street loves neither party! Politics should NOT be involved here and we can only hope that these companies rise or fall on their own. How about letting them fail or succeed on their own? What an unusual idea...
Frankenstein’s monster gets to keep eating. :(:(:(
I don’t think they give a hoot which party is where. They are interchangable when it comes to lobbying and getting things done.
These are betting people who will likely go with whomever they believe will win so they have a friend in the WH (or wherever) after everything is said and done. Should Bummer not moderate, then I’d say he’d get money comensurate with a longshot.
Under “Normal” conditions, the market reflects consumer confidence of the future.
We now have no confidence in the future, and no “normal” conditions.
I hope this will all change this Tuesday!
If the GOP wants to succeed wildly, they would declare open war upon the bankers and their fraud schemes. Drag them into the light, conduct hearings and re-instate FASB 157 for starters.
The GOP should then take down the banks that fail as a result, clear out the senior management (and much of the middle management too), sell off the parts that are stable and not insane to those who can afford to buy them, form a RTC-like entity to take care of the rest of the crap, resolve the bank issues and allow the economy to function again.
The GOP should also call the Fed onto the carpet and start quizzing them as to why they allowed the situation to get so far out of hand, with the aid and encouragement of the Fed all along.
Well they often fund both parties hedging their bets so if they wanted to put their money where their moth is then they would stop giving them cash.