Congress cannot be so stupid that it believes that the “financial innovations” that brought down our economy should continue unregulated.
Congress cannot be so stupid that it believes the Fed is an impartial arbitrator of our nation’s economy.
Congress cannot be so stupid that it will allow our banks to continue to leverage their hearts out without sufficient capital reserves.
Congress cannot be so stupid that it believes that the deregulation that let loose the hounds of feral greed is good for America.
Congress cannot be so stupid that it fails to see that Treasury and the Fed are subsidiaries of Goldman Sachs.
I mean, if Congress isn’t stupid, what is it?
But, why worry? The market is rising, green sprouts are sprouting and a fool, when he steps off a cliff, thinks his plummet is flight.
Tuesday, June 30, 2009
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NPR (National Petroleum Radio) reported oil is up! Everything is good.
It's always good in Never-Never Land.
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