The Mess That Greenspan Made: Alan Greenspan needs some company

Alan Greenspan needs some company

Wednesday, October 15, 2008

Mark Vilrokx wrote the other day to inform me of a new website he has created to help pay for the government's $700 billion bailout of the financial system.

Modeled after the Million Dollar Home Page, Mark's 700 Billion Dollar Home Page was populated with just the lonely image of former Fed Chairman Alan Greenspan as of yesterday as shown below.
I'm not sure of the math described above, but the patriotic spirit is beyond question.

Good luck Mark.

3 comments:

Chuck Ponzi said...: Hey Tim,

did you see the AP article that Oil looks like just another bubble?

http://www.msnbc.msn.com/id/27169714/

Interesting reading. What's your take on that since you seem to believe that we're just in a temporary price downdraft that will resume its upward slant.

When do you think prices will come back in oil?

Chuck Ponzi; October 15, 2008 9:26 AM
Tim said...: 6 months to a year, maybe longer; October 15, 2008 5:00 PM
Chuck Ponzi said...: What do you think about PDS as a play. They appear to be trading near book value, and have a supposed 15% yield. Good buy or what risks could cause them to not be?

Chuck; October 16, 2008 10:08 AM

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