Posts Tagged “Fannie Mae”

Occupy Wall Street, Consider This My Gift to You…

2 | By Shah Gilani

Out of far left field, I see something coming that I never expected.

It’s more like the coming together of pieces of a puzzle that have eluded us for too long.

By the way, Occupy Wall Street, if you’re listening, and I hope you are, and you’re still floundering (which I know you are) without a cause that anybody can really wrap their heads around, drop your drums, chants, and wanderings, and make the coming together of this puzzle what you’re protesting.

And make what could result what you are demanding.

Because, really, this could be the mother lode…

Sandbags and Santa Claus

0 | By Shah Gilani

Dear Reader,

Far from having my holiday spirits uplifted, I’m increasingly glum (about the markets, but not about life, liberty, and the pursuit of happiness) on account of the lack of any good cheer coming out of…well, anywhere.

Take Europe, for example. You know, Europe, as in the European Union. As in that region of the world that has always gotten along, happily sharing each other’s cultures, cuisines, and shrapnel wounds from their exploding sovereign debts, courtesy of a common currency that affords cheap financing for budget bludgeoning.

There’s no good cheer over there.

Didn’t anybody hear Christine Lagarde (formerly one Europe’s own when she was running finances for France, but now runs around with whips and chains as the high-heeled dominatrix of the IMF)? Last week she said that if we don’t all work together our situation will be similar to the 1930s.

She wasn’t just talking to the Europeans. She was warning world leaders and central bankers.

Good thing Fed Chairman Ben Bernanke got the message. He told lawmakers last week that they have “no further plans to aid European banks.”

So much for holiday spirit.

But, I think the Beard is just too modest; he wants to be a secret Santa.

In fact, there’s really a lot of gift-giving going on over in Europe. If you look closely you’ll see that stockings and sacks are being filled, and the Fed was the first to contribute.

But (frighteningly, if not ominously), if you look closer you’ll see those stockings and sacks aren’t being filled with presents, they’re being filled with sand. They’re sandbags.

Sandbags? Yes, sandbags, as in the last ditch effort to save towns from catastrophic flooding when the big dam breaks.

Click here to find out why European leaders are preparing for catastrophe…