Friday, November 14, 2008

Another Killer Entry; CNBC's Diana Olick

CNBC's Diana Olick's recent articles, as far as I'm concerned, have been smashing home runs. The latest on Treasury Secretary's wonder boy Neel Kashkari, The $700 Billion Bailout King, is another classic. I believe Mr. Kashkari is discovering there are bigger dogs in the park. Woof!

The biggest problem is that there isn't enough money in the world to reprice the end result of what was an uncontrolled frenzy of real estate speculation without a lot of bankruptcies, foreclosures and forced evictions. There's a lot of ugly to go before this is over.

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