Dear Friends,

The Big Bailout that didn't. What went in got squashed and what came out certainly did not come out looking the same.

Considering the fact that the Fed has lent $1 trillion to banks and the Wall Street gang last week alone, $250 billion for starters and $50 billion in tranches (that in fact might not occur in this administration) is a lot to do about nothing.

Respectfully yours,
Jim Sinclair