Calpers a sign of collapse?

California Public Employees Retirement System, CalPERS is selling stock to meet obligations. Like any hedge fund driving down the market by selling at the lowest price seen in years. This news comes today on Marketwatch and is a really, really bad sign. CalPERS is one of the most important institutional investors in the USA. They pay my retirement benefits.

Voting on the Debt Debacle!

C-Span live streaming is really, really bogged down. Lots of people watching the vote on the new, more expensive, Debt Dummy buyout bill. The Bailout. I think it is necessary, thought so two weeks ago. We can start lining the suits up against the wall in February. Right now we have to nationalize the banking system. Started to, actually. Sell it back after it is straightened out. This is a Mexican divorce with Amurkans love for Wall Street and gettin the guvamen offa my back.

Go Wm Tecumsah Sherman

on 24 Sept Cramer took a caller from Louisiana chanting "go Tigers". I guess that is the team name. Yup, Fightin Tigers is the official team name, from the War of Southern Slavery.

So, Cramer said to the caller "LSU, started by William Tecumsah Sherman". I guess his Lenin portrait did him some good, he knows Sherman.

Capitalism leads to Communism

Wall Street Journals Marketwatch:
As free-market-loving Americans, we all know overregulating an economy amounts to socialism. We're now discovering what happens when you underregulate -- communism.

Brave New World

The New Deal returns. Last nite the Kaesars of finance hinted that they may do a 'bad bank' solution for all of the Enron style 'creative finance' mortgage backed bonds which seem to be bringing the worlds capital system to its knees. Traders swooned in ecstasy.

I'm from the government, and I'm here to help.