Repeating myself
Remember that post about that “Won’t get fooled again” song by The Who? Yeah, I figured you forgot… Go read it again.
So here we are… Again… Right back to where we started. Some might remember Ben Bernanke, the lovable head of the US Federal Reserve. I mean, Time Magazine even made him man of the year in 09! Sure! Anything was better than that Greenspan jack ass, right?!
Of course that was before everything started to head south. That was before the bubble on sub-prime lending (basically akin to lending money to gophers and expecting to get it back, two-fold), selling off “A-rated” securities to countries that don’t even speak English (nor probably even know that they’re buying bad bets on real estate in the US), and a 10% unemployment rate.
Basically, he was the man, until everything fell the fuck apart.
The good news is, we learn from our past:
- Tomorrow’s banking surely won’t be led by the same asshat who helped get us into this mess.
- Tomorrow’s lending regulations will be stiff, but fair so America can start lending again.
- Tomorrow’s banking regulations will protect those of us on “Main St” from getting screwed in the ass… Again… By the same greedy bankers that we’ve surely thrown out of their posh offices.
Well… No, actually. None of that is taking place.
The asshat is back at the helm, the same greedy, rich, jackasses that drove our economy into the toilet are still in positions of power at your favorite banking and insurance institutions, and we’re getting ready to start the madness all over again.
And no one seems to care.
The truth is, the current economic tide is so rocky that we’re willing to accept anything at all to get ‘back on our feet’. Americans are so hungry for a new Hummer or some other overpriced pile of steel that we’re all anxiously awaiting the day when some Fed big wig or NYSE jockey comes on TV and tells us that it’s OK to start buying shit we don’t need again.
Hey, Mr. President! Do us a favor and Google the following sentence:
“what caused the recession”
Make legislation based on that, not the folks in the banking and insurance industries that fund your re-election campaign.
