Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
These bastards will have to be burned big time in order to learn anything. Then they will want the US Govt. to bail them out. Again.

I saw an ad running during the NBC Evening News yesterday that delineated the course of the GFC with iconic names such as AIG flashing up. They noted that an additional bailout fund had been approved by the House and then urged Arkansans to write and call their senators, Mark Prior and Blanche Lincoln, to vote against it. I will urge them to vote against closure to even consider it.

In my bones I believe the only way to end this nightmare is to let the predators blow them selves up, or, more improbably, to kill them. So fucking what if we get a financial meltdown. If there is no bailout there will be no choice but to write down debt that is the result of counterfeit anyway. At least we would get something from such a crisis: it would put in place the basis for a recovery. I cannot see how a real recovery can occur under the existing conditions.

But who am I to question the Masters of the Universe?

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Feb 11th, 2010 at 05:16:01 PM EST
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