Step right up to the bar here in Bailout Nation, 2009 version. Open 24 hours, we never close. No bailout too big, no investment/money pit too dumb. Yes folks, we can handle your bad assets, recapitalize your bank, no muss, no fuss. Yes, here in America, we cannot be bothered with things like plans and strategies and maximizing returns for taxpayers.That’s right, we avoid the planning, and pass the savings onto to you, the home viewer!
Really, how the hell did we ever win WWII?
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Time for an orderly liquidation: Start with Citi, move on to BofA, fire the execs, toss the Board, spin out the assets to competent managers who now how to manage risk and avoid excess leverage.
ENOUGH ALREADY ~!
| Today's QUOTES: | Oh Goody. More bipartisan establishment institutions join with Pete Peterson to give the Republicans and the Blue Dogs excuses to ensure that the government can't do what's necessary to stave off a depression: ... [ ... ] Conflating the current economic crisis with the overall health care crisis and the non-existent social security crisis is a recipe for confusion, obstruction and failure. --Full Court Press by digby, Hullabaloo The political/media establishment isn't desperately and unanimously fighting against the idea of investigations and prosecutions because they believe there was nothing done that was so bad. They're fighting so desperately precisely because they know there was, and they know they bear much of the culpability for it. They fear disruptions to their own comforts and prerogatives if any more light is shined on what happened. The consensus mantra that the only thing that matters is to "make sure it never happens again" is simply the standard cry of every criminal desperate for absolution: I promise not to do it again if you don't punish me this time. And the prevailing Orwellian Beltway battle-cry -- look to the future, not the past! -- is what all political power systems instruct their subjects when they want to flush their own crimes down the memory hole. --Establishment Washington unifies against prosecutions by Glenn Greenwald, salon.com The “stuck to her knitting” comment by Carl Bass strikes me as one of those comments that men think are benign or even complimentary, but they’re not. They’re sexist and make the speaker into one of those men shaking the corporate ladder as women are trying to climb. Perhaps it is Mr. Bass who needs to tend to his knitting. ... --Full Court Press by Bridget Crawford, Feminist Law Professors |
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