Monday, March 23, 2009

Obama, being conned?

(albeit by the expert conners)

Paulson’s Geithner’s TALF Plan">Kabuki or Bust? Experts Reject Paulson’s Geithner’s TALF Plan

Today's QUOTES:

It's over — we're officially, royally fucked. no empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced to admit that he was once again going to have to stuff billions of taxpayer dollars into a dying insurance giant called AIG, itself a profound symbol of our national decline — a corporation that got rich insuring the concrete and steel of American industry in the country's heyday, only to destroy itself chasing phantom fortunes at the Wall Street card tables, like a dissolute nobleman gambling away the family estate in the waning days of the British Empire.
--The Big Takeover by MATT TAIBBI,

AIG scandal vividly reveals how corrupt and self-interested are the people who are still exerting primary control over this process, which is why our establishment class is so eager to demand that everyone look away. For months, Americans have been told that they must sacrifice and trust the Government to engage in extraordinary actions if they want to stave off another Great Depression, only to watch as hundreds of billions of dollars fly to the very people who are the prime culprits. ...
--The virtues of public anger and the need for more by Glenn Greenwald,

What is so depressing is that the goal still seems to be to save banks when it should be to save the economy.
--depressed by Jerome a Paris,

They chose to go down with the ship. Can’t they stay drowned?
--Conservatism as Urine by John Cole, Balloon Juice

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