ANTIESTABLISHMENTARIAN

How does it feel to get raped to the tune of $2 trillion dollars?

What happened in the stock markets today was the result of the world’s greatest theft in history. Our government stole that money from us and gave it to the bankrupt bankers who in turn lent to the hedge funds to gamble with in the stock markets. What the hell, they figured its OPM and we can turn a quick buck too.

The bankers won’t lend to the American people, its businesses or industry, but they will literally flood their crony hedge fund operators with cheap money. It will save the bankrupt banks and hedge funds and a few pension funds from immediate failure, but it won’t save us, the poor suckers who will be billed for this theft at the point of a gun.

Virtually all that money will be lost. The economy has not been repaired. Later this week various economic reports will come out that reveal a rapidly deepening recession with rising unemployment. The markets will continue their crash within a matter of days, probably starting tomorrow. Normally you’d call this a fool’s rally, but its really a Fed Fool’s rally using borrowed money that won’t be paid back because it will be lost in continuing market crashes.

Anyone who believes that a massive credit defaulting can be repaired with borrowed money is either a fool or a criminal. I don’t think that Paulson and Bernanke are fools, though George Bush surely is. Criminals is what they are.