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DATE: May 23 2012
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Poker.co.uk - Poker News Archive

Friday 19th September 2008

But can you play poker Mr Bush?

As the US government announces the largest ever bailout fund in the history of the world it seems that the US President is not against gambling in his own back yard. The authorities have given the go-ahead for a bail out package reported to be up to half a trillion US dollars to try and save the US economy from going under and fight off the growing threat of not just a recession, but a depression. It seems that Mr Bush has one of the best poker faces of all time as only days ago he indicated that there were no funds left in the coffers to save Lehman Brothers from collapse. It was only at the last minute that he decided to intervene to save AIG in return for a 78% stake and control of the business. Hundreds of billions of dollars are now going to be thrown at the US economy in a major rescue and restructuring of the sector. Gone will be the days of high stakes and high risks, gone will be the sky high bonuses and dog eat dog culture. But hold on, the risk which the authorities are taking today may well be a calculated one but it is literally the last throw of the dice with the largest win or loss set to follow.

Source: gambling_CMS_tmark938

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