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Default O/T: What's Next?

First it was "Slick Willy", now it appears to be "Slippery John, The
Chameleon.

McCain has repeatably emphasized that he is for less gov't, less
regulation.

Even voted for some of the legislation that created the loop holes the
wall St sleaze balls used to their advantage.

Now, with the fiasco on Wall St coming down around the countries ears,
he wants to legislation so that it won't happen again.

Well "Slippery", which is it?

Total free market or a market with some gov't controls?

You don't get both, pick one.

Tell us a vision has come to you while you slept and it has given you
new insight.

If so, tell us something.

McCain was against the "bailout" of AIG, now he admits it was a
necessity.

BTW, Hank Greenberg, founder and former majority stockholder of AIG,
whose personal loss exceeds over $3.5 billion as a result of the AIG
problem, calls the $85B transaction a "bridge loan" rather than a
bailout, a short term loan to be repaid with interest.

He indicates AIG can be saved and rebuilt.

He built it the first time, maybe he knows something.

Sure hope so.

Some how, I think he has a better handle on things than any of the
politicians.

Wonder what position Chameleon John will take tomorrow?

Stay tuned.....................

Lew


 
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