Saturday, November 22, 2008

the problem isn’t that the firms are “too big to fail” but rather “too Ponzi-like to prosecute.”

Imagine the worldwide reaction to learning that all the claptrap coming from U.S. think-tanks and ivy-league academics over the last decade about efficient market theory and deregulation and trickle down was merely a ruse for a Ponzi scheme now being propped up by a U.S. Treasury Department bailout and loans from our central bank, the Federal Reserve.

Yea, imagine..

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