What if it was your only option? The banks have been given a financial bailout, however what about the rest of the suffering business economy in general? Literally a year worth of downward upside down stock portfolio’s. Trillions of $$ Dollars were lost and sure not a result of outsourcing.

I think we need to diversify ourselves and become pioneers of the future together rather than continuing to be adverse!

Well, the engraving has now just been completed on the tombstone of the American taxpayer, inked with W.’s palliative benediction.

I have read the mountain of mismangaement that is 110-HR 1424, and it is NOT good.

Paulson has been crowned King of the Financial World, and no one can stop him; no, not one.

The “oversight” is bogus:

Are we to seek solace in sheeply assurances in prose that all the King’s men will restrain him?? the Knights of the Financial Round table will not vote against their Lord Paulson.

It is all but assured that those who are being bailed out will run the TARP (read: tar baby) program.

Woe to all who live below the dark shadows of Wall Street.

Thus, we can ostensibly trust Blackrock to do the right thing in the Congressional bail-out, because they’re a “good” company — unlike, say, Bear Stearns, Merrill Lynch, Lehman Brothers, AIG, Fannie Mae, Freddie Mac, Washington Mutual, etc, etc, etc.

Get the picture? It’s not a few apples that have gone bad, but the barrel itself. It’s a system, structural problem, not an instance in which some companies got carried away with greed.

Only when we look at corporations and the financial system holistically can we begin to make the changes that will prevent this sort of behavior — and the outcomes that result — in the future.

Relying on Larry Fink’s personal ethics or Blackrock’s reputation for managing risk is precisely what people and other companies did in regard to the corporations that have already failed, and are being bailed out …

[See Santayana, George]