I was listening today and was really moved by a caller named Nancy who may have been calling from Tucson or perhaps I am getting mixed up with the call before her.
Anyway, I was hoping that she visits the boards. I could hear the extreme frustration and sadness in her voice and she hit on points that I just emailed to a friend this morning, because I was feeling so much the same and just had to tell someone.

And when I tuned in today, Ed and his callers were discussing exactly what I was wondering about....some kind of dicipline (and that is putting it mildly) for the CEO's and the brokers who, because of extreme greed and arrogance , found a way to make ill gotten money fast and at the eventual expense of others...no oversight whatsoever. Run with it today...the hell with tomorrow.

The treasury printing money backed by NOTHING which makes each dollar worth less and less. HOW can wallstreet be soothed (as it looks now) by another huge bailout? and more to come, the corprations are still getting in line. What if other countries stop lending us money?
AND the caller that said if we, the taxpayers are ultimately footing this bill, what do we get for it?
Nancy, you sounded on the edge for good reason, never in my life have I had such a bad feeling about the financial condition of our country. And it is mainly the middle-aged and older who GET this. How many 20 and 30 year olds can sense the dire urgency of this mess? They may end up suffering the most.
As Dennis Kucinich said 'Wake up America'--'Wake up America'--'Wake up America'!

If all this does not bring people out to vote in droves for a change in the present administration, what ever will?

Nancy's call was extremely moving. Ed was moved by it. Nancy seems to have a firmer grasp on reality than all the wheelers and dealers who have their hands out.
Maybe we'll see some changed minds as Wall Street employees join the ranks of the unemployed. That would be the only good that I can see coming from this. You won't see many CEOs and upper-level management types taking cuts in salary in order to keep their companies competitive - or even solvent.
She was totally on the spot when she talked about printing money with nothing to back it as inflationary. If anyone wants to see how this works, they should look into the economic conditions of Germany, post WWI. People bringing barrelwheels filled with devalued paper money to buy a loaf of bread and a sausage. It's no surprise that conditions led to the rise of the Third Reich and a facsist nation....
Sallie