Eine Kleine chin musik

All the markets took it on the chin as fears of a recession began to sink in. At current rates of loss, the Dow could have zero value by election day. That's just the beginning. The latest sacrificial lambs led to the Congressional slaughterhouse were former heads of two credit rating agencies. The 'Well Duh!' award of the year went to Frank L. Raiter who summed up the oversight failures at his company thus: “Profits were running the show.” AIG, in order to look more thankful for receiving Congressional largesse, opted not to pass on some of that money to its executives. Oil companies and OPEC are also scoping out their options, trying to figure out what to do as the price of oil continues to drop, paradoxically because people in the evolving recession can no longer afford it. What else is lame duck King George to do but schedule a global financial summit for after the election. While those G20 officials who bother to show up are flapping their gums, everyone else will likely be dealing with a continuing barrage chin music.