Ravi Batra on with Thom Hartmann right now.

[cui bono]

"Why give money to Goldman-Sachs? They're borrowers, not lenders! They speculate." (paraphrased)

Says he posted 2 youtube videos...

[radfringe]

1. listening to it too n/t

[OwnedByFerrets]

2. That was a very revealing segment.....a must "hear"

[LSK]

3. they dont seem overly concerned that the bill will not pass

Thom said this is not the 1st time the market went down this much.

[cui bono]

4. Yep. Not concerend. They know there's better ways to fix this that don't rape US.

[Liberal In Texas]

5. Heard it. Good segment. Catch it later if you haven't heard.

And the stock market doesn't like any uncertainty. It'll be down today and when they get this figured out one way or the other, it'll be back up.

I still am not convinced bailing out investment banks is a good idea. I still think the best idea is to break up the "too big to fail" companies into smaller parts, support the viable new parts and let the rotten ones fail.

If there are any (non-investment) banks that are ready to go under, nationalize them. Protect the investors. Oh, and get some regulation back in force over the private sector.