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It is amazing isn't it? I'm talking about the close ties between corporate America, Washington and Wall Street. The sales of Chrysler to Cerberus Capital is just another example of how the "elite" in this country work.

The picture below is former Treasury Secretary John Snow, now Chairman of Cerberus Capital, a private equity firm. Snow is shown with Daimler-Benz CEO, Juergen Schrempp.

How many examples do we have to see before we realize that Wall Street is their ballpark, and we are just paying customers? They can make the markets rally to their advantage, and they can pull the plug anytime they wish. I just sit back and watch in amazement.

An interesting quote on Yahoo Finance yesterday was the early rally driving the Dow up 100 points was due to program trading. Push a button, rally the market. Push another button, and take the money from the little guy. What a racket!