After wondering for days where the cool mornings the weather prognosticators kept telling me about were hiding, they arrived this morning. As a native to this climate in SE Texas, I am always amazed to hear these same prognosticators (most of whom arrived from climes much closer to the poles) speak with great enthusiasm about our “wonderful fall weather” when the daily highs are hitting the upper 80’s. Now I know I am showing my age, but, I recall the September evenings of my youth when the neighborhood football games always left your throat a little raw from the ool dry air (then again…it ould just have been the fumes from the paper mill on the ship channel).
I see the man who was taking all the credit for the bailout on Sunday and Monday Morning is now blaming his opposition on the failure to pass a bill he now says was flawed…
John McCain blamed Barack Obama and the Democrats for Congress‘ failure to pass a $700 billion Wall Street bailout on Monday, while Obama avoided blame games and instead implored Americans to “stay calm.”
McCain appeared before the news media in Iowa and said: “Our leaders are expected to leave partisanship at the door and come to the table to solve our problems. Senator Obama and his allies in Congress infused unnecessary partisanship in the process.”
In fact, Democrats in the House of Representatives mustered 140 votes for the compromise bailout plan drafted by lawmakers from both parties and the Bush administration, while Republicans delivered only 65 votes. Some 133 House Republicans opposed it, as did 95 Democrats.
“No one person is at fault in this crisis; there’s a lot of blame to spread around,” Obama told a rally at a high school outside Denver after the House vote.
…It all sounds a little partisan to me. But really, what do I know about anything. I’m just a partisan hack myself.
Is it just me, or, does anyone else find this really troubling…
NEW YORK — The sale of Wachovia’s deposits and other assets to Citigroup on Monday leaves the nation with three superbanks, reshaping the U.S. banking landscape in the midst of unprecedented financial upheaval.
For customers of those institutions — Bank of America, Citigroup and JPMorgan Chase — the consolidation may result in higher fees on everything from checking accounts to bounced checks and overdrafts, and lower interest-rate yields on deposit accounts, banking experts said.
3 giants now tower over U.S. banking scene | Business | Chron.com – Houston Chronicle.
Will we never learn our lesson? Putting all of your eggs in one basket (or three) is just tempting the fates way too much.
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