09-22-2008, 06:08 AM
They seem to be intent on getting this over with quickly regardless of cost. If true the only reason could be that for political reasons they can't allow a long string of collapses to go on from now until election day.
If that's the political strategy, the architects may want to glance over their shoulder to the West Coast. Washington Mutual, one of the superbanks that came into being following deregulation, is frantically looking for either a huge refinancing package or a buyer. They may not find either anywhere outside of Washington, so it's not over until its over.
Anyone still think this is all because of corrupt old Charlie Rangle spouting off about the problem? Remember when that was the party line talking point from right wing apologists? Poor old Charlie, he might of just have gone and shot himself dead if he only knew what he was uncovering and where it would lead. :banghead:
If that's the political strategy, the architects may want to glance over their shoulder to the West Coast. Washington Mutual, one of the superbanks that came into being following deregulation, is frantically looking for either a huge refinancing package or a buyer. They may not find either anywhere outside of Washington, so it's not over until its over.
Anyone still think this is all because of corrupt old Charlie Rangle spouting off about the problem? Remember when that was the party line talking point from right wing apologists? Poor old Charlie, he might of just have gone and shot himself dead if he only knew what he was uncovering and where it would lead. :banghead: