Orange Felon Can't Tell Me What to Do

Words of Advice:

DONALD TRUMP IS A CONVICTED FELON. CASE CLOSED.

"America, where we restrict access to vaccines and healthcare, but you can have all the guns you want." -- Stonekettle

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

“Speed is a poor substitute for accuracy.” -- Real, no-shit, fortune from a fortune cookie

"Thou Shalt Get Sidetracked by Bullshit, Every Goddamned Time." -- The Ghoul

"If you believe that you are talking to G-d, you can justify anything.” — my Dad

If something sounds good in your head, don't let it come out of your mouth.

"Colt .45s; putting bad guys in the ground since 1873." -- Unknown

"Tear Gas Tastes Like Fascism." -- Unknown

"Eck!" -- George the Cat

Karma may sometimes be late to arrive.
But it never loses an address.

Thursday, July 1, 2010

Financial Reform?

I've been reading some of the coverage about the financial reform bills that are making their ways through the House and the Senate. I have two observations.

First, it is kind of cynically amusing that Republicans, having spent the last two yeas screaming that George W. Bush was wrong to bail out the banksters,[1] no oppose setting up a fund, paid for by the banks, to ensure that if any future bailouts are needed, that the money doesn't come from the taxpayers.

Second, the bills do nothing to address the "too big to fail" problem. If the banks were broken up, then a failing bank could indeed be allowed to fail, the same way that over a hundred smaller banks were allowed to fail last year. There is zero fairness in the reality that when Chase Bank got into trouble, they were bailed out and yet when the Six National Bank of Boogie Hollar gets into trouble, it fails and is liquidated by the FDIC.

But we all know which side of this game the Republicans are on, and it is not yours or mine.[2]

[1] Though they conveniently forget to mention Chimpy's name.
[2] I presume that none of the banksters read this blog, other than by accident.

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