Banana Ben’s not going to stop intervening unless he is forced to because once he does the SHTF he may now be forced to anyway. I like the way ZH sums it up..
” And this is just the beginning. If there are any further rumors (or confirmed sighting) of protests in Jeddah and elsewhere, regional markets will go bidless, oil will go offerless, GETCO and other NYSE SLPs will go bankrupt in their attempt to keep the stock market alive, and Bernanke will just go, once the entire world realizes that Genocide Ben, which is what ZH has been calling him for quite a while now, is really much more appropriate an appellation for the man who gives a bad name to helicopters.”
http://www.zerohedge.com/article/saudi-stock-exchange-plummets-6
Banana Ben knows that Ron Paul wants to take away his keys to the car. Tea Partiers will stiffen the spines of those Pubbies in the House who will be wavering on doing more bail outs. The message we sent in November was clear: No More Bailouts!
Time for Wall Street to walk the walk on being capitalists. I say "let the markets work", no matter the short term pain that results. Real estate in the US has yet to bottom out, poorly managed banks need to fail, etc. There's a lot of dead wood that needs to be cleaned out.
Blankfein, Dimon, et. al. are not capitalists. In the time honored tradition of Jay Gould, they are "crony capitalists", where they want to rig the rules of the game. The last time around, Hank Paulson was there to do their bidding. Now they've got Geithner in the same spot. Thank God the Tea Partiers are there as a check and balance.