Market fears regulation from Obama if he wins (that’s in the back of the markets mind). Though I am surprised the market hasn’t been rallying since it became clear McCain would win.
This has nothing to do with the presidential race. This is the continuing bank meltdown. Lehman Brothers is going away, AIG is in trouble. Some serious economic underpinnings are in very bad shape right now.
> Market fears regulation
Some smart regulation would have prevented this mess. The problem is that the business was deregulated, but the safety nets were left in place, thereby insuring that greedy sons of b!tches could gamble with taxpayer money and not have to assume any risk.
I hope that the SOBs who bankrupted their companies gambing on the taxpayer’s dime get stripped of every cent they own before taking a dime of mine. But that won’t happen, because these people own the government (GOP **and** Dims, a pox on both their pocket-picking houses)
“Market fears regulation from Obama if he wins (that’s in the back of the markets mind). Though I am surprised the market hasn’t been rallying since it became clear McCain would win.”
Perhaps the market is also worried about the regulations that McCain would impose as well.
http://www.reuters.com/article/politicsNews/idUSWBT00969020080915?feedType=RSS&feedName=politicsNews
The market fears that W won't be retiring soon enough.