Bloomberg Finally Gets It on the Bear Sterns Bailout

Bloomberg is finally realizing that the Bear Sterns bailout made possible by the Federal Reserve and JP Morgan has become a dire catastrophe and is, and has been, producing deleterious effects on the economy.

What will the news organization admit next? That the war in Iraq is, and already has become, a crisis that is wreaking havoc on our economy? That everything that Bush and his fellow neocon thugs in the War Party and the War Party Lite has been, is, and will always be a lie? Will the New York Slimes ever admit that the Iraq-upation has been, is, and will continue to be a lie as well?

The mind posits more questions than answers.