Saturday, January 10, 2009

TARP rock and roll

This really is getting exciting.
As Barney Frank issues his draft legislation, the Bush Administration is preparing their formal request for the balance of the $700Billion. If Congress votes their request down, Bush (or Obama) can veto their turndown and the cash will flow into the Treasury. Very dramatic stuff, with HUGE stakes.

We have the clashing of right, left, inside, outside all with high ideals and goals. The health of the US financial system (and consequently the global system), the future political careers of Barney Frank, Tim Geithner, President Obama, and others is also at stake. Its almost like the clashing of musical instruments than could produce anything from total destruction to sublime beauty.

Rock on.

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