Hmm...let's try one more time

Hello blog long time no see. Let's see if we can connect more often this fall. The "one more time" reference is more to the U.S. Treasury Department and the Federal Reserve. Looks like they keep having to try one more time.

1. Save Bear Stearns.
2. Reorg Fannie Mae and Freddie Mac.

Now it get tricky. Next up are:

3. Figure out what to do with Lehman.
4. Throw darts on what to do with Washington Mutal.
5. Throw more darts on AIG.

Then down the road

6. Deal with 200 bank failures that are being predicited.
7.The continuation of the credit crisis and the deleveraging of the world.

This shit is bad. Seasaoned pros who are clients state they have NEVER seen such events. IMO this makes the Crash of 1987 look like a cake walk. The dynamics of globalization and the domino effect are mind boggling. Enough for now. I suggest that EVERYONE BUY SOME PUT INSURANCE TO COVER FOR A 20% DROP IN THE MARKET.