Monday, September 28, 2009

"Please Don't Regulate Us, We Promise Not to Destroy the World's Economy a Second Time"

That seems to be the mantra of the banks, as they spend and lobby and connive and bribe make huge campaign contributions on order to stave off any new regulations.

Fuck them. Everything which was in place which enabled the greedy fucks from the brokers filling out the "liar loans" paperwork to the financiers who packaged the worthless loans into AAA-grade securities is still in place. In not very many years from now, when greed overruns institutional memory, we will be right back where we were when things started to fall apart in `07 and really went over the edge in `08.

(And let us not forget that if the ideological idiots of the GOP had been in control of Congress a year ago, we'd now be enjoying a repeat of the Great Depression.)

We simply cannot trust those greedy fuckers to not be greedy. If it is not clear to you why, when it becomes available in a few days, listen to "the Return to the Giant Pool of Money" from "This American Life".

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