Name and Shame- Fannie and Freddie

What’s the deal lately with current and former Treasury and SEC officials predicting a bailout out Fannie and Freddie? Could they do anymore to undermine the chances of success at these two quasi- government organizations? Do they have an agenda here? If you are like me you are absolutely astounded by the sound bites coming out of Henry Paulson and Arthur Levitt. Mr. Paulson’s comments are most shocking as the Treasury Secretary and someone who will need to deliberate over these proceedings. Mr. Levitt, now in the private sector and employed by the super-secretive, super-devious Carlyle Group.

Thanks Goldman, we really needed that!

Just when you thought it was safe to buy gas again, the venerable Goldman Sachs goes out of their way to enhance their bottom line at the expense of the ordinary American. They seem to be long a lot of oil futures that became worthless recently so they went out of their way, in the waning days of summer, to reiterate their price target on crude oil at $149 a barrel. What has this country come to? Was it not satisfactory that increased inventories and decreased demand led oil down from its peak to about $112 a barrel? Is there anyone besides me that is feeling a little wronged by this? Shame on them. My sense is that the analyst phoned in this reminder from his summer home in The Hamptons. Americans should be outraged.