Indeed Goya's Third of May 1808 which sits a top of our website is representative of the destruction of free markets by our Comrades at Fed and Treasury et al . . .
Senator Bunning gave us the brilliant quote which is the title of this post.
There is no sense in highlighting all of the moronic socialist nonsense that the government and regulators have burdened us with as of late. Suffice is to say that one day, as opposed to not being able to short sell in order to proctect one's capital, we may wake up unable to sell our stocks. Sorry, the exchanges have been closed and Big Brother has banned all sales of stocks . . . for our own protection of course.
Mark Gilbert of Bloomberg has penned an excellent article exposing the ratings agencies asleep at the wheel again! More banks to be downgraded... surely yes, but he poses a better question. isn't it time to downgrades US sovereign debt?
http://bloomberg.com/apps/news?pid=20601039&sid=arxBaDnXNMxY&refer=home
Logic says of course. Our never ending war on terror, housing bail outs, soon to be automobile industry bailouts, they will all be handled by Mr. Guttenberg's lovely printing press.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment