March 6, 2009

Walk it off.

Like the gift that never starts giving, these bailouts are being touted as the only medicine for out ailing financial systems but we seem to have been misprescribed.

The DOW hasn't recovered. The job market hasn't rebounded.

Same shit. Same storm.

To make matters worse, our financial leaders might not just be incompetent but corrupt as well. You're astonished, I'm sure.

Joe Nocera, a columnist for the NY Times, wrote a great piece on the continuing AIG bailout. Nocera came on 'The Daily Show with Jon Stewart' last Thursday to discuss his article and A.I.G.'s recent $30 billion prize from the Federal Reserve Raffle.

Nocera and Jon Stewart do a great job of giving the audience a soberingly simple view of the A.I.G. scam (his words, not mine).


Posted by at
Labels: , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)