D. McHattie

Special Inspector: AIG Counterparty Volunteered to Take Haircut, Geithner Refused

Time to clean house.

Get rid of Summers and Geithner and hire someone who is actually competent, open-minded and hasn't been corrupted by a lifetime on Wall Street.

Helloooo Moral Hazard

Those trillions have to come from somewhere.

When the Fed prints trillions it cheapens the value of all dollars in existence and it enriches those to whom the trillions have been given (ie: banks).

We are watching Rome burn.

Goldman Sachs to Pay Out Biggest Bonuses in History

Talk about monetizing the debt!

Bank Bailout Comedy: Four Clips from Colbert

It is amazing that comedians are frequently more enlightened than the so-called experts.

The South Park 'Margaritaville' episode also comes to mind as being surprisingly insightful.

How Wall Street Keeps Dooming Itself

This is the inevitable result of ignoring moral hazard and the problem with TARP was, precisely, moral hazard.

We can't say that the ends justify the means when the ultimate end is an entitled, parasitic, 'let them eat cake' industry whose moral compass points perpetually to whatever suits them best.