Invest in the Market?

Remember a couple of weeks ago when President Barry said we should all be investing in the stock market? He said he felt that now was the time.

Excuse me! Apparently the market didn't think today was a good day to start investing. It appears to me that the "market" did not like Barry making corporate decisions for Board of Directors and stock holders. His move in firing the CEO of GM was stepping over the boundary. What investor wants to put their hard earned money into any company that Barry, Harry, Nancy, Barney or Chris is going to step in and run? None of them have any experience in the real world. None have actually run a private corporations and, obviously, they are inept at the current government job.

In addition, the Democrats have put limits on compensation and bonuses for the companies that have taken "bailouts." I a business that did not take bailout funds does business with one that did take bailout then the compensation limits apply to the non-bailout company. In addition, the bailout company is responsible for making sure the non-bailout company complies.

Tax evader and Treasury Secretary, Timothy Geithner, wants more power to take over financial and non-financial companies. The government doesn't need anymore power! The Treasury, Comptroller of the Currency, the Federal Reserve Banks and FDIC have all the power and authority they need. They should just have the "balls" to use that authority. President Barry and Timmy shouldn't be running financial institutions of any kind.

We went through "bank" closings in the early 1990s with the savings and loans. Other than the waste and corruption of RTC (Resolution Trust Corporation) those S&Ls were sold and their assets were sold. I lived and worked through that crisis. I actually worked for an FDIC owned S&L and it was a joke. The paperwork shuffle and waste was unbelievable. The government was so on top of the crisis that RTC actually came in and closed the FDIC owned S&L. That didn't resolve the issue; instead we had two government agencies fighting over who was running the business.

Sounds like a nightmare... it was, but I still think it is better than more power to Barry and Timmy. Neither of them is capable of running a business!

President Barry, stick your nose into private enterprise again tomorrow and see what the market place does!

That's my opinion!