Random Rant

Have the markets recovered? Are we back in business? StocktradingToGo doesn't think so yet. The financial houses seem to have gotten past the worst, but I would expect that this is going to be more than just a pebble in a swiftly flowing stream. Interest rates are again very low, but banks are now reluctant to lend after taking such massive losses in the subprime market.

The bailout of Bear Stearns was upsetting for me. I'm thinking selfishly I suppose, but really, I wish they would have taken their punches like men instead of begging for money. I suppose if they did go down, it may have snowballed into a massive chaotic panic in the streets. Who knows. What's really disgusting is the CEO still cashes out with millions of dollars, leaving existing employees and shareholders holding the short straw. Who ends up footing the bill for the Bear Stearns bailout? Me. You. Taxpayers across the country. WTF?