There's a new Marshall in town

Here at the Tree house autumn is creeping in and as I ponder the name of the actor who played the Will Kane in High Noon (Gary Cooper) four down ten across. Reverse similarities come to mind about our present financial crisis.

The Marshall is disgusted with the cowardly townsfolk and in the end and rides off into the grey (Its in black and white) beyond with his trusted wife. Today we are faced with a Marshall who is the total opposite of that character.

There’s a new Marshall in town. His name is Hank Paulson. Hank is a name that has a certain cowboy pioneering spirit to it. But this Marshall leads us to believe that everything bestowed on him is in the best interest of the American public. He has rode into town as a benevolent dictator with a Smith and Weston aimed at the temple of Congress. Scared them shitless and finally with much drama handed them a ransom note.

Some call it a rescue package but bailout seems more appropriate. While I’m not diminishing the problems we are facing, who came up with 700 billion? And how did we arrive at such a number.
Ok it has achieved its desired effect of pending doom and cataclysmic meltdown.

But let us consider what Hank (judge, executer, jury and richest man in the world) is going to do. The Treasury department has probably ten people versed in asset management, mortgage backed securities and god knows what other financial instruments. .So what happens, Ah yes you guessed it… outsourcing.

Excellent and who is going to oversee the selling of these debts the very same clowns that sold them in the first place. Hanks Hooligans at Goldman Sachs and other out of work criminals are lining up as consultants waiting to line their pockets again.

The stench of irony and conflict of trust is overwhelming. Is one man going to monitor who sells what and to whom and for what price?

Now that America is a socialist country things have become extremely convoluted. Two weeks ago America was capitalism, free trade and individual prowess. It was, “give me the tools of low taxes and deregulation and bugger off Federal government and we can create wealth and prosperity”. It was a confidence stating “have trust in me”. Well haven’t things changed?

Now Marshall Hank is saying you (The American public) can not be trusted. I will reward Wall Street for their mismanagement, corruption and greed by nationalizing the banks. All with the illusion of helping the Taxpayer.

Hmm… we can not be trusted… unlike the Bankers who can be trusted.

Well what is wrong with giving each family household a lump sum of money from a divided pool distributed through the country (now that we are socialist and all?)
I know some people will blow their wad in Vegas or on Botox, but most people realize bills have to be paid.

Let’s say 100 billion dollars. If they can throw out numbers then so can we.
With that chunk of cash people would have freedom to spend the on things that are real to them such as the mortgage, credit cards, and auto loans and so on. They know what needs have to be addressed, unlike the absurdly complex fuzzy math of Wall Street.

These clever clowns in Wall Street don’t actually know how much these securities are worth. But people on Main Street clearly know what needs to paid. If you give the people the trust and funding then the economy will rebound, confidence will be restored and possibly congressman and women might retain their seats on the Hill. But then again this has all the signs of raving capitalist speaking… jeez what I was thinking… back to the crossword puzzle.