to read Michael Moore's article posted on Zmag.org 10/3/2008, click on

http://www.zmag.org/znet/viewArticle/19006

the article's a good summary of a lot of ideas that have been tossed out there.

one thing moore is missing is that the rich people are already trying to bail themselves out with these coordinated bank mergers. they are turning to the government because, while they may have hundreds of millions of dollars, most of it is not in cash -- they're 'invested' in companies and bonds. they've loaned out their money.

now, the weird thing is this - they're also leveraged. they've taken out loans. that's because rich people can often get loans that cost less than some higher-return investments. so, using their personal wealth, they can get a loan for, say, $100,000. then they turn around and buy something like, say, a mortgage backed security or some high-yield bond.

during this collapse, they could default on that personal loan. then they're going to have to sell off some of their investments, into a down market, to cover that loan. they're going to really lose their wealth -- because their ability to make money depends on having good credit.

the rich people, they're similar to unregulated banks. they have staff accountants and everything.

so they've called their friends in the Senate to pass this emergency loan - because they need to be able to sell of their bad 'investments' at a higher price, to cover their shortfalls.

this is our political opportunity.