... You want a conspiracy theory...
So, what if treasury and the Whitehouse were lying,
and they are just going to let the clock run out on GM...
Republicans and freemarketeers are convinced that the market wants them to go down, what better proof than the sell off after the bank bail out.
Dems are convinced that America wants them to be bailed out... of course they do resent that they bailed out the financials... and they are getting some hate phone calls.
of course I'm short the market and don't believe we trade so much on news.
Saturday, December 13, 2008
Secondary brinksmanship
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2 comments:
If GM or Ford file Chapter 11 or Chapter 7, Bush is going to make damn sure it happens after Jan 20.
The last thing Bush wants is (yet) another failure to land on his legacy just as he is packing his bags. How emblematic would that be?
As far as a big conspiracy, I doubt they've even put that much thought into it. Bush is hardly a free market fundamentalist and my take is that at this point-- with so much economic destruction attacjed to his presidency-- he merely wants to get out of Washington alive.
but tony,
they bailed out the banks and the market went down, then on friday they didn't bail out the auto's and the market went up....
That they played brinkmanship with the UAE, just tells me that anything is possible.
but good points..
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