A week or more of rising markets and a one day rise of 500 points and all is gravy fore the big dogs on Wall Street.  Joy, joy…do the dance of joy….well only if you are a Wall Street trader…Main Street still SUCKS!

Everything being done is for Wall Street and those happy go lucky guys that put usd in this pickle that we are clawing our way out of as we speak.

Geithner got his long waited vote of confidence from Wall Street on Monday and Tuesday he profit taking began…..but is the worse over…tee hee…HELL NO!

Paul Krugman sees it for what it is.

“This is more than disappointing,” Krugman wrote in The New York Times. “”In fact it fills me with a sense of despair.”

“The Geithner scheme would offer a one-way bet: if asset values go up, the investors profit, but if they go down, the investors can walk away from their debt,” the Princeton University economist said, citing weekend reports outlining the plan.

“This isn’t really about letting markets work. It’s just an indirect, disguised way to subsidize purchases of bad assets,” he added.

Krugman called it a recycled idea of former Treasury Secretary Henry Paulson, who later abandoned the “cash for trash” proposal.

The Obama Admin is losing its window of opportunity to take control of the banks.  The economic bubble has a slow leak and soon it will be an out of control balloon filled with crap as it crash against the waiting wall.  And it will be messy, to say the least.

Yes, there is confidence but not where they need it….Main Street is not amusede.