I have a question rather than a comment. I have the distinct impression that for the large banks that failed it was because they were heavily invested in oil and when the oil futures went south they became insolvent. Is this part of what Geithner means when he says that fog is useful? Are the failures and the consolidation process part of the plan to make banks larger and larger and is there an umbilical cord directly to the Congress of the United States?
Thanks for supporting the domestic auto industry. It is a myth that foreign car companies are not subsidized, and they are not really produced here just assembled here by non-union labor, with very few legacy costs. Also, domestics spend their profits here, generally.
Nov 23 2008 - 8:03pm