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Everything’s OK.  George W. Says So - by David Lovattsmith

By Guest Contributor

First posted on 03-21-2008

Current Affairs,Finance & Investment,Government
George just held a press conference to tell us not to worry about the mortgage meltdown, the tanking economy, and above all, not to lose any sleep over that major Wall Street bank, Bear Stearns, going down the toilet. He spoke for all of one minute, which was just about the only good news. He didn’t waste any of our time by taking questions from reporters.

But he did reassure us that U.S. “financial institutions are strong and that our capital markets are functioning efficiently and effectively. “

That’s a load off.

Especially coming from the guy who gave us “In the battle of Iraq the United States. and our allies have prevailed.”

He went on to pour oil on golden parachutes, “We obviously will continue to monitor the situation and when need be, we’ll act decisively in a way that continues to bring order to our financial markets.”

That’s a load off.

Especially coming from the guy who gave us “In the battle of Iraq the United States. and our allies have prevailed.”

And he did say that that the United States “was on top of the situation. ”

Ah, that’s a load off… no, hold it!

What we talking about here… on top of it?

I mean, are we talking the Elliot Spitzer (another Wall Street financial whiz-bang) sense of the term, or what?

The foreclosed would really like to know.

David Lovattsmith lives in Montreal, and is just about getting on top of his snow shoveling.