Sunday, September 14, 2008

Where's JPM Morgan When You Need Him?

You know, back in 1907 when we had a little "panic" it was cool to have good ole JP around to whip lame idiots into shape and get the market up and running.

Who's that guy now? Paulson? Ken Lewis? John Thain?

Nope. Sorry... no savior for you.

I think the biggest part of this story that is missing from the "mainstream media" (MSM) is that this isn't just a "credit crisis" but also a "crisis of confidence" in the leadership.

And not just the leadership on Wall Street, but in the country. It's all linked.


Dogwood said...

Given the amount of leverage that has to be unwound, not sure even JP could help us now!

Jorge said...

You know who could fix all of this?

Art Cashin.

HPT said...

I don't want to vote for MCain or Obama. Who else is there to vote for. Time to move to Brazil perhaps.

HPT said...

PS- Larry Kudlow is an IDIOT. I was watching that shit on friday. There was one Bear on the show who I agreed with, and the rest were kudlow bitches. Time to boycott kudlow and bitches.