Tuesday, October 14, 2008

Would you buy stake in a bank now?

It doesn't matter how you answered that question in your mind before you started reading this because you already have. We the People are now buying up equity stakes in Goldman Sachs Group Inc., Morgan Stanley, J.P. Morgan Chase & Co., Bank of America Corp. Merrill Lynch, Citigroup Inc., Wells Fargo & Co., Bank of New York Mellon and State Street Corp. Recognize any of these names from Obama and McCain's corporate PAC donor list?

I'm not a conspiracy guy at all. I believe mostly that ideas conspire better than people and that more is achieved through a confederacy of dunces rather than smart powerbrokers or freemasons trying to run the world. That said, this is an obvious power grab for which I just can't see a good ending.

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