Stacy Summary: Create a twitter account. It’s easy, it’s free, it’s anonymous. Set your location for Wall Street. Because if bankers are everywhere, then they are nowhere. Set your background pinstripe and your avatar either a Wall St. sign or a bowler hat – all in support of the bankers that are trying to thwart the ‘populist overreaction.’ Post lots of tweets that bankers are being attacked by savage mobs of envious extremists. Let’s get this disinfo campaign rolling!! For what would this site be without rogue bankers??
Stacy Summary: A Great Depression style bank holiday? A holiday would probably be good for some of these bankers and good for the rest of us that have to keep bailing them out. Anyway, thanks and hat tip to all who sent in many headlines via email and in the comments on the previous blog entry. But I thought I would put these stories in their own headline box in order to have an area to discuss.
In other words, the same folks who missed, or did nothing to prevent, the worst crisis since the Great Depression will definitely, absolutely, positively be able to anticipate the next one. Uh-huh.
It gets worse. Instead of eliminating the doctrine of “too big to fail,” which encourages risky behavior because of perceived government backing, the Obama plan defines, institutionalizes and expands on it.
“All systemically important companies will be subject to enhanced regulation,” says Peter Wallison, senior fellow at the American Enterprise Institute, a conservative Washington think tank. “What could that possibly mean? It means they are too big to fail.”
Stacy Summary: Stay tuned for the shocker that comes from minute 01.36. The interviewee casually mentions that Mousavi was responsible for executing thousands of political dissidents. Was anyone else aware of this??? I should imagine Rummy and Dick are thinking if they stay quiet for a decade or so, they, too, could possibly return as reformist heroes to the twitterverse?