We may get socialism even without Obama.
And that, my friends, is a sad, sad, state for our beloved country.
This is what happens when the derivatives market spins completely out of control for two decades. The government was able to run a special session on Sunday to unwrap the derivatives around Lehman so that only the common shareholders would take a bath. They don’t have that luxury with AIG. An AIG bankruptcy filing would take down scores of banks with it. I say - let it happen. But the folks with the money think differently.