Our sense of moral and economic outrage should propel us into
marching to the Washington monument and pitching camp. Hussman's
analysis is spot on. I would add that those 'unelected' formulators
of government policy are looking after the interests of their
cronies. Those who got us into this mess are being golden
parachuted to a safe landing on the backs of the American
taxpayers. The PPP of the Treasury and the 'investors' is more than
scandal. It is a guarantee of close and highly profitable
relationships with no recourse indemnification, limited
exposure to direct loss, and the lie that the taxpayer may
ultimately profit. How will we profit as a taxpaying union
when our currency is debased, our children's children's children
are up to the grave in debt from our profligacy, and the country's
assets are owned by the Chinese and the UAE? TALF, PPP, and all the
other acronnyms used to prop up the Wall Street barons at the
expense of the taxpayer-just say NO!
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Comment on the J. Hussman analysis
The Treasury Plan could bankrupt the FDIC
Posted by geotex on 23rd of Mar 2009 at 08:23 pm
Our sense of moral and economic outrage should propel us into marching to the Washington monument and pitching camp. Hussman's analysis is spot on. I would add that those 'unelected' formulators of government policy are looking after the interests of their cronies. Those who got us into this mess are being golden parachuted to a safe landing on the backs of the American taxpayers. The PPP of the Treasury and the 'investors' is more than scandal. It is a guarantee of close and highly profitable relationships with no recourse indemnification, limited exposure to direct loss, and the lie that the taxpayer may ultimately profit. How will we profit as a taxpaying union when our currency is debased, our children's children's children are up to the grave in debt from our profligacy, and the country's assets are owned by the Chinese and the UAE? TALF, PPP, and all the other acronnyms used to prop up the Wall Street barons at the expense of the taxpayer-just say NO!