Obama last evening:

"All we have to fear is fear itself." If you were not already concerned that this experience, as Paul Volcker recently told us is extremely serious and probably a long term one, the use of the Franklin D. Roosevelt’s message should concern you. This is a 1929 redo times 2.

The Process of the Swiss release of Account Holder’s Identity and Transactions:

a. The US prosecutor requests 52,000 such names garnered more than likely from anti-terrorist reviews of bank wire transfers.
b. The Swiss request proof of illegal activity.
c. That places the cart before the horse because the US request needs the Swiss data to make a case.
d. Assuming proof of illegality is produced then…
e. The party concerned has the opportunity in secrecy to prove to the Swiss authorities that there was no illegality involved.

As far as an embargo of US Swiss bank assets of the bank are concerned, they are overwhelmingly defunct OTC derivatives, useless, and valueless, and will remain so.

The net result is some executives of the Swiss Bank do time at the Danbury, CT. Country Club Correctional Center while the balance of the non-US Swiss bank executive take the US off their travel list for the next 100 years.

Thursday February 26th 2009, a catch all spending bill will be voted upon by the US legislative and will pass. It contains more than 9020 pork barrel spending amendments. An example of this pork is $2,000,000USD to promote interest in astronomy in Hawaii.