> Team Obama, you just got bitch slapped. This is first blood.
If only. Obama's economics team consists entirely of Wall Streeters. The only bleeding happening is by the US working-class, which is being divested of its accumulated pensions and 401Ks. These jackasses refuse to nationalize the banks, and are now moving towards Super-TARP -- massive quantitative easing. Here's why:
http://www.bloomberg.com/apps/cbuilder?ticker1=.TEDSP%3AIND
The TED spread is still dead, i.e. after all the massive stimulus and easing, the credit crunch is still wreaking havoc. Instead of fixing the problem, they're feeding fresh meat to the zombie banks.
The US economy is running out of time.
-- DRR