Financial Bailout Could Cost Taxpayers Hundreds of Billions

I get why the Feds feel the need to do this… Financial Bailout…

Though I am not sure it is either right, nor smart… There is a part of me that thinks it would be "better" to let those institutions that are on the critical list die… And see what comes in to take their place… Social evolution in action…

It would be a hard time for the American people (and quite a few others in the world) for a while (5 years maybe?)… But on the backside of things we'd be the better, the stronger for it… And we wouldn't have up to a TRILLION dollars MORE debt to have to deal with — as citizens and taxpayers… 

Throwing "good" money after bad is never the way to progress…

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An excellent, though fairly technical article on why, and how the banking/mortgage systems "collapsed" by Nassim Nicholas Taleb:


Read it and let me know what you think…

Ciao for now!

What Next for Russia?

Russia's Next Target 
Could Be Ukraine

By LEON ARON
September 10, 2008; Page A15

Perhaps the most urgent question in the world affairs today is whether Russia's invasion and continuing occupation of Georgia was a singular event. Or was it the onset of a distinct, and profoundly disturbing, national security and foreign policy agenda?

Much as one would like to cling to the former theory, the evidence favors the latter. A European delegation led by French President Nicolas Sarkozy did manage this week to get assurances that Russian troops would withdraw from Georgia (excepting Abkhazia and South Ossetia, whose independence Moscow says is "irrevocable"). But ultimately, this short war is likely to be remembered as the beginning of a decisive shift in Russia's national priorities. The most compelling of these new priorities today seems to be recovery of the assets lost in the Soviet Union's collapse in 1991, which Vladimir Putin has called the "greatest geopolitical catastrophe of the 20th century."

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