Anatomy of a Crash

Adam Selene — Fri, 05 Jun 2009 14:52:32 +0000

If you think that the current economic collapse is a result of anything other than the result of more than a decades efforts by Wall Street, Federal Regulators, Congress, banks and mega-companies than this excellent graph by Jess Bachman of Wall Stats for Barry Ritzholtz’s book Bailout Nation should blow your understanding apart.

Anatomy of a Crash by Wall Stats

anatomy-of-a-crash.png 1029×792 pixels.

Live by the Sword, Die by the Sword

Adam Selene — Tue, 23 Sep 2008 05:06:32 +0000

For the past 28 years, the GOP and corporate America has been beating one drum louder than all the rest; big government is bad and it should stay out of business’ way. They have worked tirelessly and systematically to rip apart this nation and what little safeguards it held for workers, their jobs, a hope for a living wage and a future to retire on. Legislators and their rich backers called you a communist or a socialist if you stood up for any oversight. They shreded regulations left and right, dismantled oversight systems and ran amok with the nation’s finances.

And now that they have gutted the system, bled it to the brink of death, they want the suffering tax payers to pony up 800 BILLION dollars to bail them out?! Are you fucking kidding me!!! They want the “Big, Bad Government” to step in and fix their problems. No.

No. No. No. Let the free market that you have been ramming down our throats for the past 28 years take care of itself. We know what it is going to do. It is going to collapse. Total failure. And a lot of people are going to hurt. And a lot of people are going to get run out of town on a rail for their immoral, illegal, selfish greedy actions. And then after all the hurting, and the failing, and the collapsing. We are going to stand up again and start to put things back together again. This time we will have learned our lessons. This time we will make sure that the fox is locked outside of the hen house. This time we will regulate and oversee what happens with our money. Where the investors invest our money. We will make sure that CEOs and fund managers make a living wage and no more. This time when you choose to live by the sword, you have to die by the sword.

But wait. No. Henry Paulson and the Bushies and apparantely the entire fucking Congress is conning the American people. They are using the same old scare tactics, telling the same old lies. And they are playing the same evil game, too.

Section 8 of the Proposed Bailout Package states:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Non-reviewable and not under the jurisdiction of any court of law???

NO! Not in my country! Time to get the swords… This needs to die.

No related posts.

The Real Terrorists » economy

Anatomy of a Crash

Live by the Sword, Die by the Sword