The Mudcat Café TM
Thread #114478   Message #2444788
Posted By: Paul Burke
19-Sep-08 - 03:57 AM
Thread Name: BS: Obit: Reaganomics...
Subject: RE: BS: Obit: Reaganomics...
So the best preciction I can give is that things will get back to normal as soon as possible, there will be a decent period of mourning during which CEOs will forego half their deserved bonuses, the costs will be extracted from those least able to pay, and eventually everyone will pretend that they've forgotten about it. said I a couple of days ago. The stock market has just posted its biggest rise ever, after they pumped 86 billion dollars of ordinary folks' money into it, free chips for the casino's punters. The failed CEO of HBOS (British bank that squandered its massive capital on speculative loans) has been given millions to tide him over till the next job, while the counter clerks are sacked. There won't even be the mourning or recriminations. Everything's sunny again!