World markets respond to Bernanke’s latest knee jerk rate cut

And it ain’t pretty. The dollar crashes to yet another new low, oil jumps yet again and all of the major markets in Asia and Europe are selling and deep into red. We are all supposed to be impressed because Bear Stearns execs are being shoved out the door without the usual golden parachute. Sure, it’s a start but considering the money they’ve all made from pushing junk the last few years, it doesn’t even matter. Their actions went well beyond not deserving a golden parachute.

But hey, Wall Street can surely drum up a few more laughs about Spitzer. Did you know he had sex with a prostitute? Keep talking about sex so Wall Street, the Fed and Paulson can pull a few more fast ones on all of us.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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