I'm almost embarrassed for John Cassidy, but the loathsome spectacle he's joined puts him well past any such concern.
The big banks remain able to open their doors only because Geithner and Bernanke keep them on life support. They are not healthy. They are not solvent. They are utterly dependent on the heroic book fiddling of the Fed's and Treasury's yuppie Stakhanovites. What's more, they're still playing the same games that got them into code orange panic. Only the most severely delusional pretend otherwise. Even the banksters aren't kidding themselves, and that really says something. Cassidy's adulation—oh the sordidness of it all!— Tim Geithner... It might be possible to find someone more loathsome, but I honestly have no idea where to begin looking.
Comments (4)
the good old
knick times
strikes a blow for Romulan justice
http://publicintelligence.net/wp-content/uploads/2009/10/ht_geithner_081107_mn.jpg
http://www.jordanhoffman.com/archives/romulan.jpg
cassidy met by yours sincerely on the sidewalks of new york
" ya ya
maybe
i'm bound for fulsome prison
and non stop buggery
but frankly paine
i don't give a damn "
Posted by op | March 16, 2010 6:23 PM
Posted on March 16, 2010 18:23
favorite passage:
Cassidy quotes from
joe stig's latest flabalanche :
“While the Obama Administration had avoided the conservatorship route, what it did was far worse than nationalization: it is ersatz capitalism, the privatizing of gains and the socializing of losses...the government response has set the economy on a path to recovery that will be slower and more difficult than need be.”
then quickly adds:
"Stiglitz could be right
since history happens only once,
there is no way to know for sure"
Posted by op | March 16, 2010 6:31 PM
Posted on March 16, 2010 18:31
given the recent lehman bros
mondo- repo revelations
ie
105-gate
simple pieman johnson is in 17th heaven
"corporate America has finally decided that its largest financial offspring are way out of line and must be reined in."
what ??
well simple fact
a corporate senator attacks
read
http://baselinescenario.com/2010/03/15/senator-kaufman-fraud-still-at-the-heart-of-wall-street/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+BaselineScenario+%28The+Baseline+Scenario%29
Posted by op | March 16, 2010 6:39 PM
Posted on March 16, 2010 18:39
this combined with lwall street warthog
sir larry summerset-maw's recent
ex wallow gruntings
about
a 6 fold way to banking satori
means .....
look out rangers and heads up too
cause
wiffle ball reforms iz comin'at us
from 'round the bend
Posted by op | March 16, 2010 6:45 PM
Posted on March 16, 2010 18:45