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Friday, September 19

Crushed! Heartbroken!

The market storm that brought down Lehman Brothers Holdings Inc., American International Group Inc. and other pillars of U.S. finance may have also blown holes in the portfolios of House Speaker Nancy Pelosi, Senator John Kerry and more than 50 other members of Congress.

Pelosi, in her most recent financial disclosure form, reported that her husband owned between $250,000 and $500,000 of stock in AIG, which ceded majority control to the U.S. government this week in exchange for $85 billion of loans.

Y'all can read the story at Bloomberg's Pelosi, Kerry May Share Investor Pain as AIG Stakes Evaporate. Meanwhile, I will go and rend my clothing amid much weeping and wailing and gnashing of teeth.

UH! You don't suppose that the reason the stock markets are at the end of a two-day rip-shit-tear-ass upwards is to allow all these semen-splattered members of Congress to unload their shares before the REAL bottom falls out of everything, do you?

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