Dude, what is that sound? I'll tell ya what it is, it's the sound of markets crashing!
This morning, the very terrible news was announced that Lehman filed for bankruptcy and Merrill Lynch will be sold to Bank of America. Wall Street is looking pretty rough, as well. The Feds bailed out Bear Sterns, Fannie Mae and Freddie Mac recently, saving them from collapse, but decided against helping the 158 year old bank, Lehman Brothers.
Eddie T., my best bud and financial insider, works in Canary Wharf, London's financial district. When I spoke with him this morning, he informed me that all Lehman employees were given one day to gather their belongings, as they would have no access to the building after today. Currently, there are swarms of cameras around the building where the investment bank was once housed, focusing their lenses on the recently fired employees, who are exiting with boxes in hand.
That's right guys, it's the beginning of the end for the good old US of A, and mostly thanks to the Bush administration and the ridiculously self-serving rich-man behaviour it has exerted over this good nation. I wonder, when they hear about billions of private funds in peril, does this make them want to dump billions more in their failed Iraqi war? Do they need a little weapon retail therapy? I suppose the actual sounds of bombs and injured Iraqis are louder than that of the falling dollar. They will do anything to distract the American people from the deprivation of our civil rights and destruction of our financial security. Please do not vote another pair of murders and egomaniacal vampires into office.
No comments:
Post a Comment