Lawyers, Guns and Money
This week’s blog is almost about AIG. It is humbling to say the least. I find it incredibly frustrating to be attached to a sinking ship as it hopelessly lists into shark infested waters. It is time for plan ‘Z.’ (‘Z’ as in Warren Zevon not Warren Buffett). Send Lawyers, Guns and Money….you know the rest of that song. We join our trusty insurance company after the electronic run on the banks, the collapse of Wall Street securities firms, the creation of TARP, and the passing of the Stimulus Act. While the media downplayed the crisis last fall to prevent a panic, our economy trickled down to a halt. Don’t fall for it. You’ve seen the movies. You know there is a dam somewhere. The mythical ‘average’ citizen is faced with a wonder diet of no credit, no job and tightening budgets. In a CSPAN camera flash suited talking heads are trying to shrink into the Bushes with a distracting slight of hand. Flash, its gone. Button, button, who’s got the button? I am not an economics expert, and I do not pretend to understand derivatives or structured products. I do however understand that when you bail out banks and investment bankers and bail out the insurance company that insured their bad investments…..you are stuffing cash into the same grimy hole and WHY ARE WE DOING IT AGAIN? We hear talk about eliminating options, the history of anti-trust legislation, and nationalization (the red tide!) but someone is stealing from the sugar bowl. Speaking of sugar, follow this link to a recipe for homemade marshmallows! (marsh-mellows?)http://anhourinthekitchen.com/ Honestly, it’s a real link to another blog with great recipes. These are made with maple syrup, which sort of makes my segue a nonsequiter. Does it matter? Coming soon… Why are we still testing the Emergency Broadcast System? A primer for your children who want to know what that bleeping is during their shows.
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