some news and commentary

Look at the futures..... These are the 1am one's I was looking at up 120....

apparently we may be looking at some adjustment in the dow, if I understand my news tickers correctly.

Europe is out of sorts, with the announcement that the state is going to federalize Northern Rock... some dude bitching about how unfair it is, since if many banks need help right now....

Not that i'm remembering this correctly, but didn't the BOE have to step in DIRECTLY, like take over operations. I always think that if the state has to step in, they literally have a responsibility to solve the crisis then I think it's their responsibility that big business doesn't get to "eat their cake and have it too"

Strangely the data on the new oil fields in Brazil... has found itself stolen....... I'm sure those who could benefit will never be found.... it's a mystery.

I wrote last week about how stupid the "split into 2 business" idea was, IMO, for the insurer's. I still don't get the double standard, that somehow if I'm in financial trouble and could default on my debts. Somehow I can split in 2 and default on one set of debts with one FICO score, and not default on another. I'm thinking they are going to have to sell the muni bond business. Sucks to live in the real world.... But there is never and end to Financial Hypocrisy for our big business...
oh but it does look like the big banks are going to sue to stop it.