Say guys I hate to tell you that “I told you so”…well that is lie…I really enjoy being right…Life is good.

Go to search and check out what I have been saying about Geithner….I had serious doubts about his leadership of the economy and yesterday’s announcement just confirmed that …He Is Not The Person To Lead Treasury”!

His announcement did not lay out plans for the economy…he talked in circles…and most of all he just looked like a deer in the headlights.  All his talking sounded like a continuation of the Bush policies of helping Wall Street and ignoring what the problems really are.  He talked and said nothing…no plans..no schemes…nothing!  The markets bombed to 380 points down while he was speaking…that should tell you that he had nothing to say that would give investors confidence.

Doubt what I say?  Then go check out what I have been saying…he is the wrong person at the wrong time.

A bailout by any other name….

Still smells like crap!

We all have heard of the Toxic Asset Relief Plan (TARP)….right?…well since it has gotten such terrible press that the Sec of Treasury has decided to rename it to TALF, Term Asset-backed Loan Facility and then there was another change…the Financial “something”.

Does the name change really change anything else about the bailout?  Nope!  It is still BS for Wall Street and very little for where the problem is….Main Street.  It is kinda like renaming a jungle to a rain forest…it changes nothing…only gives it a kinder, more serene sounding title.  IT CHANGES NOTHING!

All his vagueness has shown one thing….banks get cash..people get screwed!