WINNERS: Bank of America: Buys Merrill Lynch in a shotgun sale for $50 billion, creating the largest U.S. financial services company. Warren Buffett: His insurance holdings stand to benefit from AIG's weakened position, and he could buy some or all of the company at a big discount. Taxpayers: The federal government refuses to throw financial lifelines to Lehman Bros. or AIG that could have put taxpayers on the hook for billions of dollars in bad loans. It also refuses to pay the ousted chief executives of Fannie Mae and Freddie Mac up to $24 million in exit packages.HOSERS: Current Presidential nominees.
LOSERS: Merrill Lynch: One of the best-known and most respected companies in American history vanishes overnight in a desperate sale to Bank of America. Lehman Bros.: It survived the Civil War and the Great Depression, but it can't escape the credit crisis and files for bankruptcy protection as it closes. Washington Mutual: The Seattle thrift was flying high amid the real estate boom, but it crashes just as spectacularly. Now it reportedly looks for a buyer as it tries to avoid insolvency.
Can we finally put the whole lipstick-gate thing behind us? No one owns that word, and who gives a damn if she can field dress a moose? It's not like living in AK gives Palin years of valuable foreign policy experience.
I don't care about her baby and her baby having babies, or McCain delivering sermons on how he's more patriotic than Obama, I care about getting the economy stabilized, the job market improved, and the perception of Americans improved in the international sector. It's a sad state of affairs when the majority of Americans buy into the political campaigning and spin doctoring designed to cast candidates in more favorable light, especially when it detracts from 'real issues'. And please GOP/McCain campaingers...spare us the all the 'elite media' tripe you've been spewing. Just because you're not the loveable darling now that Dubya and Cheney salted it for you, doesn't mean you need to whine.
Thank you Dilbert. You so wonderfully characterizes the legacy of the Bush administration, and what we'll [hopefully] be recovering from in the next Presidential term.