Tuesday, April 14, 2009

How do you like it so far?

In an attempt to cure the Mushroom Syndrome (being kept in the dark
and covered with bullshit) here it is...
So, while Congress approved a mere $700 billion in emergency funding for the TARP, Geithner and Bernanke deftly sidestepped the public opposition to more bailouts and shoveled another $3.3 trillion through the back door via loans and leverage for crappy mortgage paper that will never regain its value. Additionally, the Fed has made a deal with Treasury that when the financial crisis finally subsides, Treasury will assume the Fed's obligations vis a vis the "lending facilities", which means the taxpayer will then be responsible for unknown trillions in withering investments.
Something to remember tomorrow, 'murikun tax day.

Trust has gone down the toilet with everything else.

I'm having fun.

Are you?

The whole thing.