The anal hairstylist's saga--another chapter

Anal hairstylist & US secretary of the Treasury Henry 'Hank' Paulson is busy as a bee these days. He's drawing up plans to change the way non commerical banks or investment banks and hedgefunds and quite, but esoteric financial instruments are regulated. He commands the heights of the braided hairs of anal banks and high finance but he ain't the master of all he surveys. Why? Globalism has cut the ground from under his feet, for no matter how hard he tries to cling the slippery pole, he's bound to glide right down to the ground in utter frustration. He may ring up a central banker here, a central banker there but the subprime funds say have been sliced and diced and peddled to all four corners of world finance, which he as CEO of Goldman Sachs helped to propagate, nurture, and hawk globally.
Paulson may try to do something in the US, but even that will in some measure not quite the restive financial markets worldwide. The crunch on liquidity is planetary, and that ain't hay. So like the Red Queen in Alice, he has to run faster and faster to stay in place, but sorry anal hairstylist the ground keeps slipping from under his big feet.
Today's 'New York Times' pullout 'Dealbook' [2 April 2008] tells a little more on the sad fate of the failed Bear Stearns. Jimmy Cayne's baby, it says, according to Paulson & fellow conspirators had an exposure globally of us$2,7 trillion! Well, here's a quick question: if Bears' exposure was so mind boggling, were other banks including Goldman, to throw open their books completely, that number would rise exponentially, and cause a tsunami of runs in the financial markets here there and everywhere. Little wonder Bear was scape goated and massacred on 16 March 2008, and even then, this 'victim' caused great panic in the market place.
Yesterday's 300 point spike in the Dow Jones average is a sign of wishful thinking: UBS may raise us$17bn and Lehman us$3bn in equity offerings but that won't chase the big bad wolf of the subprime ponzi fallout from the door. It is especially significant that the 'Financial Times of London' wrote about the hemorraghing of billions in world equity markets. So with smoke and mirrors and economic voodoo chants and what Hobbes would call empty words, the anal hairstylist Paulson is trying to introduce a new style of regulation, which as we all know will leave the banks and hedgefunds doing badly what they're already doing. He's going by the simple rule of thumb, if you're in for a penny, why not go for a pound of pain and suffering. Sorry to enlighten this silly man, the world is going through not growing pains but a long, painful, chronic illness of laissez faire and run amok finance capitalism.