This blog used to be about debt. Now it's about a few more things. But really, it all comes back to debt. Trust me.

Friday, September 19, 2008

The Short Unraveling

The mother of all bailouts. It needs to go down.

People who know have been predicting the meltdown for two years. Let's not kid each other: the alternative to this bailout is global depression.

And yet it doesn't feel right now that it's here. Only a few days of pain. Two days of wild rallies?

A ban on short selling. Let me get this straight: smart people who saw this coming aren't allowed to profit from it?

I'm sorry, but this all smells like a rigged game.

Let's hope a certain someone articulates this without resorting to class warfare or demonization.

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