Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Tell Congress that if they do not give him that authority, the administration conducts a real audit of City, instead of one of those sad-joke "stress tests" and publishing the results far and wide. And then sit back and watch the ensuing bank run.

And he can do that with every single banking house on Wall Street, under laws already on the books. Maybe the Villagers are too stupid to realise that the White House is playing hardball after only one banking house. So you move on to the next one, and shoot that one in the head. Maybe they'll get the message at that point.

For that matter, he could have called up Helicopter Ben and told him that the Fudderal Reserve was buying City "at market prices" (read: For free, since nobody else wants to touch that ShitpileTM with a ten-foot pole), and was going to run it. The Fudderal Reserve is a bank - surely it is authorised to run banks, no?

And if the Fed didn't play ball, guess which chairman was never, ever going to get any public office under a Democratic administration again? For that matter, guess which chairman was going to get to go through a very public and humiliating exposition of all the varied and sundry ways in which he fucked up after taking over from Bubbles?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Dec 20th, 2009 at 10:24:12 AM EST
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