Friday, October 10, 2008



Burning Man seems a million miles away and now all anyone anywhere seems to be talking about is the $700 or is it $900 bailout of ailing banks.

Wall Street became Woe Street.

Bear Sterns, Lehman, Washington Mutual effectively gone. Wachovia in talks with Wells and now it seems the powerhouse banks are to be a thing of the past and the government is regulating and pulling the strings. "Progressive corporatism" NPR calls it, capitalism still exists but it is no longer wholly independent.

The global heads are cutting interest rates and Gordon Brown, my own prime minister, if he is Scottish he must be smart, has promised to garauntee the loans so the banks will not be afraid to make loans to each other and hold up the credit freeze. But still panic is high and today the Dow plunged to around 8500, six drops in a row and people say it is like 1930 again and many Wall Street bankers are applying to be waiters at Bobby Vans and sell steaks instead.

Oh, Oh, what is a princess to do?

Continue shopping? My single handed attempt to stop the global financial meltdown does not seem to be working, despite numerous Prada purchases, I tried!
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