I'm more concerned about how each administration plans to pay down the deficit (I mean really, who gives a fuck about -1.8% vs -1.4%! - and I'd be glad to pay more taxes if it means we owe less to China and our other foreign creditors) but since we're looking down the barrel of a $700m "bailout" I think the whole argument is now moot.
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We're all fuxored no matter what.
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It's amazing what can change in a week... (I'm a WaMu customer, I wonder if I'll have trouble withdrawing cash to pay my rent next Wednesday?).
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"What's in your wallet?"
"Oh, nothing."
I guess the good news is that JPMC actually have some capital left, so your bank won't be boarded up now. WaMu was done.
Good times.
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