oil...up another 5 bucksnow 147/barrel

[Fish On]

I haven't even taken the shrink wrap off my boat this year. Anyone interested in a 2150 Hydrasports?

IMHO oil has gone up because of 1) increase in world demand and 2) decrease in the dollar. Speculation has had little affect.

This country has been living the good life for too long and on credit no less. Things are on track to change. Big bank failures are next on the horizon with John Q Taxpayer footing the bill. The government needs to let the investors take the fall there (Fannie and Freddie in particular). That includes individual home owners (investors?) that bought homes they coulnd't afford and didn't read the fine print on the rediculous mortgage contracts they were signing.

Make sure your savings is safe. I just got a call that one of my CD's was going to be paid by the FDIC with the Indymac failure. That is just the beginning.

Good luck to us all.

[spence]

Remember the S and L bailout? Didn't like 1000+ banks go under in the 1980's?

Granted the banks are bigger this time, but we've been through this before.

-spence