United States as hedge fund to the world

February 18, 9:52 PMSF Financial Fraud ExaminerPaul Springer

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More bad news from Europe confirms the general sense that the world is still going to hell in a hand basket, with FedEx guaranteeing speedy delivery.

Given the pervasively surreal quality of the financial markets these days, I can't resist quoting this comment from a post on the merciless iBankCoin site, where The Fly posted about unpleasant continental developments.

A year ago this would have been incomprehensible, but now it makes as much sense as anything the government is doing.  

 CAP Says:

To restore confidence into this market, ABM should print another $58 billion - $50 billion for the Madoff victims and $8 billion for the Stanford ones. Basically another way of announcing the government is covering your losses. If everyone figured out there way no way to lose because the government had your bank, every nickle and dime on the sidelines would find its way back into the market. 

 

How will the government profit from all this ? Just use that $800 bil stimulus package and go long S&P futures right before the announcement that the government was covering all losses.

 

Obama needs to realize that he is a managing partner in the worlds largest hedge fund. And he makes the rules. So he can make all the money he wants. If it all backfires, Obama can blame it on Bush and the Republicans.

Which reminds me--how much laundry can you do with the tax withholding reduction in your paycheck? My income is all 1099, so the stimulus is irrelevant to me.