8 Responses to Does the sense of outrage ever end?

1. ubetchaiam November 8th, 2008 at 10:09 am 1

   Forgot to post this outrage

   Reply
2. koolmuse November 8th, 2008 at 5:18 pm 2

   It will only end for me when Bush/Cheney and the GOP criminals from Kathleen Harris to the war criminal Bush are investigated, arrested, prosecuted and brought to justice.

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3. ThingsComeUndone November 8th, 2008 at 6:38 pm 3

   ”This is the essence of AIG’s latest proposal:

   Man walks into pawn broker. He says to the person behind the counter, ”You know that watch I brought in two weeks ago? I know you lent me $85, but now I need another $50. And I will tell you why you will give it to me. I have a gun with me. I will blow my brains out here, right now. With your nice carpet, I guarantee it will cost you more than $50 to clean up your store. And that’s before we get into the cost of keeping your store closed while you clean my grey matter off your walls and what my suicide might do to your store’s reputation.””

   http://www.nakedcapitalism.com…..r-yet.html

   Who said economists are not funny?

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4. ThingsComeUndone November 8th, 2008 at 6:49 pm 4

   In case you somehow managed to miss it, our friendly pawnbroker of last resort central bank has been taking lots of crap collateral in return for loans under its alphabet soup of facilities. As we are learaning in our housing meltdown, collateral may not prove to be worth as much as it was said to be at the time the loan was made. Inquiring minds are curious as to what, exactly the Fed has taken, particularly as the numbers are becoming stratospheric.

   Bloomberg has asked nicely for some of this information, and is now being forced to sue under to the Freedom of Information Act, and the Fed intends to fight! This ought to be a scandal, but after the TARP, the electorate is seems resigned to taxpayer money being thrown at floundering financial enterprises with little in the way of checks or prudence. If the Fed indeed was taking conservatively valued collateral as it has always claimed it was, there would be no reason for it to attempt to squash this request. The Fed’s argument, as I infer, is the loans were made by the Federal Reserve Bank of New York, which isn’t a federal agency and thus not subject to the FOIA.

   http://www.nakedcapitalism.com…..tails.html

   We need to get rid of Helicopter Ben.

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5. ubetchaiam November 8th, 2008 at 10:22 pm 5

   This “The Fed’s argument, as I infer, is the loans were made by the Federal Reserve Bank of New York, which isn’t a federal agency and thus not subject to the FOIA.” says just exactly who is being served by the politicians.

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6. Adie November 9th, 2008 at 7:57 am 6

   Soooo… All we lowly paeons have to do is pile up trillions in debt, and then the privathorridishonorrible gurus will step right up and buy our house? Terrific!

   Oh. They don’t like the conservation easement foreverandever in perpetuity clause eh?

   Figured. harumph. Dang self-declared smart moneyed classyistas.

   A pox on all their greedy, thotless xenophobiattics.

   If ya need us, we’ll be in our cave far far away in our dreams…

   Reply
7. Adie November 9th, 2008 at 7:59 am 7

   “Does the sense of outrage ever end?”

   In a word, NO.

   Reply
8. ubetchaiam November 9th, 2008 at 9:57 am 8

   In response to Adie @ 7

   Not even with Obama as President?

   Reply