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Wall Street: Same as It Ever Was

Started by HawgWild, June 28, 2011, 07:51:52 am

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HawgWild


OldPoop

I need to learn this new PC lingo.

Interconnectedness, too, has increased. With the bailout came a deluge of liquidity, courtesy of Ben Bernanke: the Fed bailout was tantamount to dropping billions of $100 bills from helicopters over Lower Manhattan.

"Interconnectedness" sounds a lot better than my old fashioned term "in bed with".

But it's a lot harder to spell.
We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens my act only by permission.   Ayn Rand

You get what you pay for.   You pay for zombies, you get all you want – and then some. 
Milton Friedman
"To say the government is the source of prosperity is like saying that the ticks are keeping the dog alive."  Jeff Tucker
Government attracts sociopaths the way an open bar attracts alcoholics.      Doug Casey
War - the government tells you who the bad guy is . . . . . Revolution - you figure it out for yourself.

 

HawgWild

And because of this "interconnectedness": this increase in financial correlation, if and when another crisis hits, it will be uncontrollable: it's certain to strike absolutely everything, all at once. And though some people think Congress can simply regulate the problems away, there's no way to legislate solutions to problems that are endemic to our financial system.

snoblind

I'm afraid there is no "if" simply when.