I Go Back To The Top Of The Slide......

Helter Skelter.

Although, honestly, I'm not making a post about racial strife. Instead, it's about the topsy turvy run of the markets. Like many bloggers, I'm no expert on the economy. However, considering the last several years, I am hesitant to support an economic plan that meets investor approval.

The New York Times

Wall Street may have panned the broad outlines of the Obama administration's plan to fix the financial system when the proposal was sketched out six weeks ago, but on Monday, investors seemed like they were warming up to its finer points.

Stock markets in New York were heading for a higher opening, and most markets in Europe were higher as the Treasury Department began to release details of a public-private partnership to purchase troubled assets from banks. Shares in Asia also closed higher.

The government hopes that the plan will loosen credit markets and restore normal lending conditions by allowing banks to deleverage billions of dollars in mortgage-related debt sitting on their balance sheets.

You know, I'm just not there. Sorry. Wall Street, and the investors that have the most impact on the stock market, are the same cretins that helped cause the current economic mess we are in at the moment. So, yeah, I think I'll pass on this idea.

See, the biggest problems are the homes valued well below the mortgages the banks hold. And with foreclosure running rampant, I can pretty much speculate dead on that many of those empty houses are deteriorating, making there value even lower. It is, as Atrios has penned, a shit pile.

But then, remember, I am no expert. All those fancy terms, and high-falut'n derivative constructs, are above my pay grade.