the real wunderhof

Why Economic Dogma Threatens Our Future Prosperity

So much wasted intellect on this topic. Civics I lesson: congress passes legislation which appropriates money and instructs the exec. branch, the prsident and his minions, how to spend it. Presidents spend the money appropriated by congress, defend the borders, fight the wars and provide for the country's interests in the world. Neither Reagan nor Clinton nor Bush I&II are responsible for taxes and spending. Its all congress. Trust me. Congress rules the budget, the exec. branch provides the funds thru the Treasury. And, Civics 2 lesson, a politician's first job is re-election, each congressperson bribing the voters with popular spending.

PPIP Watch: Banks as Bidders and Sellers...Hmm, Remember Enron?

Combining mark to mythology with PPIP, Banks A&B swap sell legacy assets to each other then mark to myth, book profits, pay earned bonuses and collect gov't guarantees when the assets fail to perform and get marked down. What a wunderful country!

Kovacevich, Lewis and Geithner Speak Out on the Banking Industry

Buy Geithner puts!