This headline coming from Christopher Leake in an article for THE MAIL ONLINE, goes on to say that “the City (London)  was in shock last night after the apparent suicide of a millionaire financier haunted by the pressures of dealing with the credit crunch.”

 I urge my readers to read my article Slaughter on Wall Street. I predicted that this sad state of affairs will start to occur as more and more execs get caught up in the tsunami of the credit crunch.

I feel really awful for this man’s family, as I do for all those who have lost their entire life savings  due to the crisis – which is not over, 700 billion bail out or not.

Yes, smiling senators inform the world that they have come up with the largest bailout plan in living history to buy up “toxic” mortgage backed securities and “hopefully” save a Wall Street collapse and the ensuing carnage that would result on Main Street.

But lets be clear, from the miserable brokers who pressure sold no doc loans, to the reckless homebuyers who bought homes they could ill afford, to the investment banks that bought this bad debt knowingly and sold it on to other banks – all made up the basic ingredients of this unfolding crisis……

So no wonder most tax payers are outraged at this bail out. THIS SHOULD NEVER HAVE HAPPENED…… (more…)

To the entire world, the global economy is teetering on the verge of collapse which is keeping alot of white middle class families up at night worrying if their entire life savings are going to remain intact come Monday morning….

Sarah Palin however must think that the gods are smiling at her. Yes, it takes a problem the size of a global economic meltdown to divert attention away from the absolutely appalling interview she gave to Katie Couric earlier this week (more…)

Rather boring I thought, given the drama of the presidential  politics of the days leading up to the debate that may not have taken place…….

 Here are a few points that stood out for me.

1. McCain seemed more alert and sprightly during the debate in contrast to his usual townhall performances. ( or maybe it just seems that way because his annoying catchphrase “my friends” was left out of every sentence during the debate) making him less robotic.
2. McCain held his own against Obama, a real shocker given Obama’s vastly superior oratory skills
3. McCain came across as extremely arrogant by not looking at Obama whilst Obama was talking directly to him
4. Obama looked like he was advised to tone down his linguistic skills, probably because of his campaign’s fear that it would re enforce the republicans argument that he is all talk and no substance. (more…)

I should really get this blog time stamped, just that I can show everyone what a smart alecc I am with my ability to predict the future……!!

In my Slaughter on Wall Street article, I predicted alot of exits by CEO’s from the windows of high rise buildings….Earlier this week the FBI announces its investigating the major players from Freddie, Fannie, Lehmanns and AIG; making this quick exit for some of them all the more likely… (more…)