bagman432

The Banker's Choice

Well said!

Everytime Congress acts I feel like one of the passengers on the Titanic watching the last lifeboat leave the ship.


On Dec 29 03:20 AM constructe wrote:

> You would think that Congress would learn how to draft a bill that
> stipulates exactly how it's will and assets are to be handled by
> now. They have had over 200 years to learn. The sad fact is, apparently
> none of them want the responsibility given them. They prefer to give
> it to others. I suppose that blows a lot of holes in representational
> democracy and checks and balances. In fact, I'd wager to say, that
> is probably the greatest root of what is eating away at the foundations
> of economic stability, prosperity, and civil liberties.
>
> We can argue all we want about what to do once we figure out where
> the buck stops. Right now the buck stops with Paulson, (former Goldman
> CDS pawnbroker and great crasher of the mortgage market and AIG)
> and Bernake (wormtongue who condescends the Congress every day and
> says he's stimulating the market when in fact he is encouraging deflation
> with a 0% rate policy, giving interest to get banks to park money
> at the Fed, and raising cash to backstop his banker pal's losses
> which are essentially his board of directors and clients.
>
> I'm sure out founding fathers would be proud...