Has the Wall St Scum averted complete collapse?

Financial markets in the US and across the world have been thrown into turmoil as banks have discovered that many American home owners cannot afford to repay the mortgages that have been collected into complex bundles sold in stock markets.
The revelations have fed into panic in world financial markets that have led to sharp falls in share prices and a reluctance among banks to lend money - the credit crunch.

Paper losses for the year add up to a staggering $8.3 Trillion! So how does bailing out the crooks on Wall st with a paltry $700,billion expect to stem the tsunami that is coming? Except of course to bailout the monkeys in silk ties on Wall st!

The $700 billion is just another finger in the dam from the little Dutch boy. Question is, one day the little Dutch boy will run out of fingers!

The value of US retirement accounts has declined $2 trillion in 15 months- about $6,500 for every man, woman and child. Of course, some of those gains were illusionary in the first place, driven too high by the housing bubble. As the Dow gained a little over 900 points on Monday, it shows that the master magicians have managed to keep the illusion going for a little while longer. Delaying the inevitable will only prolong the length of the Depression/recession.

Unfortunately, as is the way with the world, we WILL not learn our lesson this time, or the NEXT time or the NEXT. Mankind has his finger on the self destruct button and is not afraid to use it.