The Bailout is not that bad!

After 18 months I decided to come out of retirement and what lured me out of the woods is the massive bailout that Investment Banks are about to get from the US Government.

A lot has happened over these 18 months and I'll get to that later. One rather important thing however is that I finally managed to get out of my job. I got myself into trouble in a very innovative and promising industry: Structured Finance!

Ever heard of it?

You certainly have but may not know it yet….it's basically the guys who specialize in these Asset Backed Securities…the ones which are responsible for the major financial meltdown we hear about every day. You know the one? Every European politician explains that we are safe, and every newspaper tell us we are doomed!

Well I'm one of these specialists now! How lucky is that? So obviously I keep a close eye on the situation and my point of view is that the $700 billion bailout proposed is not such a bad idea. Did you know for example that this bailout will be tied to a number of other actions?
For example it will be tied to:
- subsidy to NASCAR racing tracks
- wool research
- tax relief for wooden arrow manufacturers
- rum production
-…

Don’t believe me? Check this

At the end of the day it makes sense:
- considering the situation is a car crash in slow motion who better than NASCAR to explain us what's going on
- since we very soon won’t have a roof over our heads we better invest in wooly jumpers
- and go back to hunting for our food
- finally…budweiser has never been strong enough to drown one's sorrows

So I say let's support Awesome Paulson!