Tuesday, October 07, 2008
What Drugs Are They On?
The Dow ended the day below the 9500 mark.
The stock market keeps falling and falling. Russia and Brazil are in full panic mode. South American nations are trying to dump the US Dollar as quickly as they can. European banks are tottering on the brink of collapse. But you wouldn't know it by listening to CNBC. One after another, the talking heads appear, hour after hours... and they all have the same message: nothing is wrong. This is a small blip. Remain calm. All is well. Don't panic. These are not the droids you're looking for.
And amid it all, the continuing parade of Wall Street CEO's blaming everything from pesky reporters to their own investors for the fall of their firms, which happened while they were lining the pockets of themselves and their pals. The arrogance is unprecedented and unspeakable. The seige mentality is infusing the last days of the kleptocracy.
It's surreal.
The stock market keeps falling and falling. Russia and Brazil are in full panic mode. South American nations are trying to dump the US Dollar as quickly as they can. European banks are tottering on the brink of collapse. But you wouldn't know it by listening to CNBC. One after another, the talking heads appear, hour after hours... and they all have the same message: nothing is wrong. This is a small blip. Remain calm. All is well. Don't panic. These are not the droids you're looking for.
And amid it all, the continuing parade of Wall Street CEO's blaming everything from pesky reporters to their own investors for the fall of their firms, which happened while they were lining the pockets of themselves and their pals. The arrogance is unprecedented and unspeakable. The seige mentality is infusing the last days of the kleptocracy.
It's surreal.
# posted by Jim O'C @ 3:47 PM 
