Comments on: So This Is War Bonds

By: chenier

chenier — Mon, 06 Oct 2008 20:45:39 +0000

I think that was more in the nature of turning mighty oaks into little acorns, but it certainly was billed as the stepping stone to a prosperous and wealthy nation and it turned out to be the lead in to what Alan Greenspan has had to admit is the sort of financial crisis which hits once in a hundred years.

Possibly there was somebody standing on a roof, on one foot, with a bow and lucky arrow aimed at a dragon’s undercarriage in a parallel universe and it turned us into the wrong trouser leg of time…

By: Saul

Saul — Mon, 06 Oct 2008 20:09:01 +0000

I’m loathe to go back to the Miners strike, but from little acorns……………

By: chenier

chenier — Mon, 06 Oct 2008 20:02:21 +0000

Thank you, Saul; I rely on you to lift my spirits as I plod through the rubble of a once proud economy which used, as I recall, to actually make things.

Have you noticed the total silence from all those people who assured us that destroying our industries was a necessary step to the Nirvana of wealth creation?

How come the Times Headline is

‘Global panic on markets as US bailout fails to stem credit crisis’

when it was blindingly obvious that a trillion wouldn’t hack it weeks ago?

If we could see it why couldn’t they?

Answers on a postcard, please….

By: Saul

Saul — Mon, 06 Oct 2008 19:44:07 +0000

Kerry Katona?

By: chenier

chenier — Mon, 06 Oct 2008 19:37:42 +0000

Well, it looks like no-one asked him about our money, at least according to the WSJ blog, and he lives to moan another day; meanwhile, back on our side of the pond, Iceland is selling off its foreign holdings and sending it all back home.

At least it has some foreign holdings to sell…

By: chenier

chenier — Mon, 06 Oct 2008 19:07:46 +0000

Difficult to know what the Sub Comittee did to deserve him; has anyone asked him about our $8 billion yet?

By: Saul

Saul — Mon, 06 Oct 2008 18:44:01 +0000

The marvels of interactive TV mean that I am currently watching Dick Fuld facing a Sub Comitee.

By: chenier

chenier — Mon, 06 Oct 2008 18:39:28 +0000

Fear not; I am currently drafting a quick piece on ‘That Old Black Tax Magic’ which might allow a banana or two to be shipped to the gorilla, thus saving the world.

Again…

By: Saul

Saul — Mon, 06 Oct 2008 18:23:13 +0000

Looks like the “Gorilla” is atop the Empire State Building, and about to be shot down.

By: chenier

chenier — Mon, 06 Oct 2008 18:16:04 +0000

I am sorry to say that the situation is even worse than I described earlier; that should be 15 billion Euros, not dollars.

Which turns the amounts guaranteed on the US Municipal Bonds that Hypo is in the hole for to $20 billion.

And the total bailout package for it to $67 billion…