1) Spitzer’s much publicized comment that “the Fed is a Ponzi scheme” is a bit off. The global speculation economy is the Ponzi scheme, central banks are merely “enablers”. The difference between Madoff’s fund and the global speculation bubble is that when Madoff’s clients took a run at his fund and he couldn’t fulfill the withdrawals, he got life. When investors made a run at the collapsing speculation economy the banks got bailed out by unwilling taxpayers.
2) There’s been a lot of media attention focused on the 1100 pages of the Obama health care bill and which legislators actually read it, or could possibly read it, and why they could or couldn’t blah, blah, blah… Here’s the point. Who WROTE the frigging thing? Does anyone know, or care, about that? Our Constitution was a pretty important piece of legislation, and an easy read, with signatures proudly displayed by the signers, who were also the creators of it. Show me the authors.
3) When the “Gates question” was asked by a Chicago reporter at the end of Obama’s healthcare press conference, did anyone other than me immediately recognize this as a scripted diversion? Does the amount of media attention devoted to this non-issue surprise anyone? Does anybody but me see “racial profiling” as the perfect bait to diffuse growing opposition on healthcare and divert media attention away from the debate.
And finally, what’s Goldman’s basis point spread on Busweiser vs. Miller Lite and their position on Gates and Crowley – glass, bottle or can?
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.