Taxes are going to be going up.
A quote cited by The Economist magazine:
BARRY RITHOLTZ, a prominent financial pundit, writes with tongue not entirely in cheek that the first lesson from the government’s bail-out of Bear Stearns in March was to “Go Big”. “Don’t just risk your company, risk the entire world of finance. Modest incompetence is insufficient—if you merely destroy your own company, you won’t get rescued. You have to threaten to bring down the entire global financial system.”
441 Billion dollars of bad debt.
85 Billion dollars of US government money to help them at least liquidate with some sense of order.
I don't care who gets elected, taxes are going up.
The good news? Gas prices going down. Know that means? Less market share for ethanol!
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