Friday, September 19, 2008

Super-hero Paulson now working with Congress

Reuters has the latest news on the actions of the the one man on the planet who seems to have grasped the underlying nature of the world's economic woes. President Bush has pledged billions for the rescue. The totally unjustified exuberance on the West's stock markets shows the ignorance abounding elsewhere. The debts from the sub-prime mortgage mountain remain, the peonage of the viable working classes looks set to worsen and Brown remains Prime Minister of a nation with a greatly overvalued housing stock and a society with crumbling values and a useless opposition. Reuters report is here.

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