I understand that he doesn’t want his presidency to be held hostage to the ups and downs of bank stocks, but a hostage he is. We all are.Wrong again, driveler. We're not hostage to anything but our desire to pop you in your snoot 15-20 times. Unlike Tom, we aren't a parasite who married a wealthy woman (Naturally, she's an heiress. You wouldn't expect Tom to know anyone who does anything useful or productive, would you? Except for the imaginary taxi-drivers he seems to find wherever he's padding his expense account.) so we have no concern whatever w/ bank stocks (Though we are thinking we'd better get what we can of our vested pension from Wells Fargo Bank, N. A., before it goes belly up as well.) or any other stocks. Or anything that concerns the rest of you middle-class sheep.
And what is this crap he's typing anyway?
You need to let failed companies, or homeowners, go bankrupt, unlock their dead capital and reapply it to thriving entities.Wait a minute. These banks & homeowners are keeping their "dead capital" locked away somewhere? And they won't let it out unless we let them go bankrupt? What in the name of hell is this clown trying to type?
Who knows. But look at this fantasy:
Which is why I wake up every morning hoping to read this story: “President Obama announced today that he had invited the country’s 20 leading bankers, 20 leading industrialists, 20 top market economists and the Democratic and Republican leaders in the House and Senate to join him and his team at Camp David. ‘We will not come down from the mountain until we have forged a common, transparent strategy for getting us out of this banking crisis,’ the president said, as he boarded his helicopter.”Oh, yeah. As if bankers, "industrialists," & "market" economists are going to be interested in anything but more free money w/o working for it. And the concept of a bunch of guys w/ their shirt-sleeves rolled up, sitting around a table & ready to save the world from its own greed & stupidity (as long as it doesn't interfere w/ their personal greed & fetishized economic theories) is about as stupid as Friedman could get. How stupid he can get is a concept w/o an upper limit, by the way.
And, from The NYT of 10 March, we find an interesting tale of why the bankers are not to be trusted. Nor should anyone else ever be trusted. Again, where's the outrage, sheep?
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