There were quite a few comments critical of Clinton's participation in the deregulatory process that led us here. In the long run, we're all dead. John Maynard Keynes
Those who made the comments were often roundly criticized, the thread didn't hesitate to start in on another round of political correctness fever based on a few throwaway (and well deserved) insults of Greenspan and his stenographer wife, and I couldn't help but note the comment thread on bonddad's quite mistaken and retrograde ditty on the same subject.
Not to mention, go look up what Schumer has to say about this - leading Democrats haven't been silent, they've been supportive of Bernanke's complicity in grand larceny. And note the absence of any running commentary on the part of front pagers there, not that any of them would be credible.
I am depressed, and angry too.
Wish me luck on the sale of my house before the sit hits the fans. And...I think we need a new series - $2.00 Euro. Fai de bèn a Bertrand, te lou rendra en cagant
And...I think we need a new series - $2.00 Euro.
Series? That would be a one-off, I think.... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
As soon as the President McCain is sworn in, Helicopter Ben will be given a golden parachute (personally I think he deserves a golden shower...) into a plum private sector job where he can go back to be with his family more and where he will get his own back scratched after scratching those of half of Wall Street the past year or two.
Perhaps there will be a quick interim period with a chairman who lasts less than a year, like there was between Burns and Volcker; perhaps the Federal Reserve will actually be completely re-organized as it will have been the third US Central Bank to go under. Perhaps Paul Volcker himself will come back to do the same thing hed did almost thirty years ago, which is what the situation will demand.
And if he does, then the dollar will come back. But Americans, in particular those who are not wealthy, aren't going to like what things look like in this case. Fai de bèn a Bertrand, te lou rendra en cagant
