While Cullen shows his naivete with regards to international finance and has clearly no clue about the Wall street scheisters have been up to, John key shows his callousness because as a personal advisor to Alan Greenspan and a derivatives dealer he knew full well what kind of crap he was peddling.
Cullen clearly still thinks that a little money (and 700 billion is peanuts when you are talking about a Quadrillion of Derivatives bubble) will restore convidence in a fraudulent and bankrupt system.
Some people have blamed those who oppose the bailout for the crash in the stock market. Are they right?
Well, first of all, the overwhelming majority of Americans rejected the bailout. So if you start trashing those who opposed the bailout, your dissing America.
Second, most experts who have looked at the bailout say it won’t work, and will actually make the economic crisis worse.
Third, the bailout doesn’t address the fundamental issues which need to be addressed to actually stabilize the U.S. economy, such as the trillions of dollars being spent in Iraq and the phony war on terror, the national debt, derivatives, lack of savings, the loss of our manufacturing base, the fact that the wealthiest people have collected all of the poker chips so that regular people can’t keep playing, and gaming of the markets by the super-rich and the government.