joy magnetism: Shake your money...tree




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Friday, September 19, 2008

Shake your money...tree

Magnet #210 - Marine Midland Bank

I wanted to wait to see how the markets closed today before I wrote today's magnetpost. Oh, and to make sure nothing else crazy happened to round out this crazy week.

No, no, don't be afraid, I'm not going into some long diatribe about how we're in a financial crisis of epic proportions and OMG, the sky is falling, etc., etc. It's a magnetblog, not CNNMoney.

But, the market did do some crazy-ass jumping around since the opening bell on Monday to today's closing bell. But, it ended semi-okay today - everyone seems to be doing some positive thinking, based on some supercomplex government rescue plan.

No, no, I'm SO not planning on explaining how they're doing that. I'm full of questions, but I'm not going to lie - I don't think I'd understand it if someone took the time to explain it to me.

I suppose the only question I have is where is this magical money tree that the U.S. Government has? If we're borrowing money from Peter to pay Paul (or should I say China to pay the Middle East) for gas, and we're giving millions away in foreign aid, and giving money for all the natural disasters that we've had recently, and we're already in a trillion, trillion dollars in debt...where did the billions for the Freddie Mac, Fannie May, and AIG bailout come from? Not to mention all money for this new plan to help out the other struggling banks?

Hey, can I get one of those trees? Are they on sale at Target? (My gut says, yes. Right next to Lives. Heh.)

Speaking of banks - Marine Midland Bank. It was a local NY bank from Buffalo, which no longer exists, having been absorbed into HSBC back in 1998. Dudes, speaking of magical money trees, I think I might have a magical magnet tree - I've had this thing for 10 years and I haven't a clue where it came from.
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3 comments:

jen said...

I like your headline. It made me giggle.

I think the government has a "secret plan to fight inflation" ... and the only people who will get that reference are "West Wing" fans. sigh.

GoldenGait said...
This comment has been removed by the author.
GoldenGait said...

Hee hee. Well, as long as we can keep Josh from talking to the press about Wall Street I think we're okay. :-)

And why sigh? West Wing fans are the most intelligent fans out there. *I* give you props for the reference.