Bailout, Economy, And More......

I love this business. I hate to relish in the US economy meltdown but there has been serious money made over the last month or so. Trading only my three strike setup has been very lucrative (minus some crappy roll rates). I have been quite busy raking in the pips, too busy to post. That is the beauty of the forex market, pips to be made regardless of the actual state of the economy. Beautiful!

Now about that economy. The Feds have proposed a $700 billion dollar bail out. I may be of the minority here in this country but I have got to say NO! Let the idiots suffer. Do I believe that without this money the country will collapse. NO! Will it be tough, most certainly there are hard times ahead. This mess won't get fixed overnight, $700 billion or not. Nobody is there to bail me ou when I make stupid decisions, terrible trades, crappy investments. When is enough enough. Did these investment banks share any of their record gains over the previous year? Uh, no. Where was the Fed years ago when anybody with a head on their shoulders knew there was trouble ahead? Where were they when these investment banks were cooking the books, hiding this bad debt? I'll tell you where they were. They were on Capitol Hill telling congress that the economy was fundamentally sound over and over and over.

Let them all fail. It's time to start over. $700 billion or not this economic model will need to be changed. The bailout is and will be just a band-aid (an expensive one at that). You do know that the new CEO of Freddie Mac will make $900,000 this year. Less than the former idiot but come on. If things are so bad, the gov had to bail these guys out, don't you think this guy should be working for a bit less? I know $900,000 is tough to live on but give me a break. This is the perfect example of why the USA is in such a mess. SHOULD BE INTERESTING!