Monday, September 29, 2008

Prediction: Wachovia Next, within two weeks

Lehman Brothers
Bear Sterns
Merill Lynch Bank Of America
Washington Mutual
AIG insurance

Are we done yet? HELL NO!

Wachovia is NEXT. I predict by October 10th (next Friday)
It will be either closed by the Office of thrift Supervision, or Totally acquired:

Citicorp and Wells Fargo are currently circling their wagons.

I say Wells Fargo has more of a chance.

And remember it's NOT even 25% into the crisis.

UNTIL the banks and the FEDS acknowledge that consumer DEBT CDO's are gonna
tank too, we will all be Bullshitting EVERYTHING....

cheers written 9-28 10:30Pm (in case they're bought while I'm sleeping!!)

OK, you wanted a Political discussion: Here goes.

The background I believe that:
* It's going to be as BAD as the last one.
* The current failures only bring us 25% into the problem!!
* According to Robert Reich (former Sec'y of Labor under Clinton): The only number that he EVER saw, defining the
depression was that the unemployment rate hovered around 25%.
* We need a new deal.
* After 58 years of NO Health Care Reform (since 1950!) it will FINALLY be coming soon...
* We've managed to WASTE a FULL generation (from Zero to thirty) with decaying social, educational, and interpersonal skills.
* Our nation is no longer DOING (producing) anything.
SO, from these few premises, I have extrapolated a great deal of items to FIX our society...

We need to make sure that a number of issues are resolved ALL at once.
If we don't do them ALL at once, its like juggling three RUNNING chain saws, but dropping one!

Here's what I came up with:

We need to do the FOLLOWING to FIX our Society:
* Create A Living Wage
* Create a National Single payer Healthcare
* Create a National 3-4 year draft (or alternate service)
* Create a Federally paid Day Care starting at six months
* Implement Tax Reform on the ULTRA Rich
* Lobbying (Political Reform)
* Education
* Infrastructure (road /bridge/Systems repairs)
* Lack of Training/futures
* Truth and Reconcilliation Commission
* A new "Manhattan" project, focusing on Energy INDEPENDENCE

See my other blog: for more details.

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