Thinking about the last 2-3 weeks nobody can complain that there were no excitements. Not even near. The media is literary swamped with major news every next worst than the previous one. … American largest banks sold for a dollar per share, the largest insurance went belly-up, the largest savings holder almost seamlessly went down, credit system is about to crush, the largest bailout package is prepared in emergency mode for a few days, most of the political leaders are trying to ‘sell’ the bailout, large chunk of the taxpayers don’t want to save anybody but themselves… One may argue that there is nothing better for the media, but it appears all these news start taking their toll. The news pieces are so important that they require really high pitch announcements. Unfortunately the ‘volume control’ is already on max. And, yes…, we have a presidential election in the mean time. So, it seems the general public is getting numb very fast.
Numb enough to miss as ‘nothing to talk about’ 140 billions dollars. Wow! There is even a tone of relief in the media – ‘finally it passed…’ Perhaps it should be relief, perhaps the package is very important and absolutely necessary right now. However, I wonder why if it was so critical it did not pass the first time. Right... I almost forgot. There were less items protecting the taxpayer. The republicans in the congress were so concerned about their constituencies that they allow themselves to vote ‘Yes’ only after the bill was loaded with another 140 billions. Obviously, 700 billions was not round enough number…
