Bear Stearns, Lehman Bros. and AIG all vaporized by the derivatives time bomb and leading us to the brink of depression. So much for the idiotic claim that derivatives are nothing but a zero sum game.
It gets worse. Another bailout coming is the Auto companies.
http://www.freerepublic.com/focus/f-news/2083351/posts
It’s a election year, and Michigan and Ohio are battleground states.
You think Obama or McCain is gonna say no to that one?
Autos, then the Airlines, it’s gonna be a tough 09.