The federal government now owns AIG, as well as Freddie and Fannie. I'm sure they will do for the financial sector of the economy what they have done for education. At least the Federal Reserve didn't continue its policy of destroying our currency, which prevented a repeat of Monday's Wall Street blood bath and allowed oil to slip below my $100 floor. (Nobody actually makes investment decisions based on my spewage here, right?) Not that we will see any effect at the pump with 25% of our refining capacity knocked off-line. And to repeat again: the systemic problems remain.
I need to spend some time finding out just how hard it is to off-shore money.
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