tag:blogger.com,1999:blog-8461934131627924737.post4528045345924291221..comments2023-09-06T01:29:54.746-07:00Comments on Unrepentantcowboy: Matt Taibbi uncorksUnrepentantcowboyhttp://www.blogger.com/profile/16348152020479469764noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8461934131627924737.post-83778277389234756722010-02-21T11:48:03.878-08:002010-02-21T11:48:03.878-08:00Many Compliments Don…,
first of all for the good ...Many Compliments Don…,<br /><br />first of all for the good link…, I almost didn’t click on it because I thought it would be a link to the magazine…, and it might take all afternoon to download here on The Dial-Up Ranch !!!!!!!<br /><br />This is one of Tiabbi’s best pieces. Using the analogy/metaphor of the con game was truly masterful…, and thoroughly entertaining. I would point out a couple of things that I think he misses the point on. <br /><br />First of all…, he should have pointed out another great con-game movie…, “House of Games”. <br /><br />Second…, “A bailout policy that was designed to help us get out from under the bursting of the largest asset bubble in history inadvertently produced exactly the opposite result…”. That policy was in no way “inadvertent”. The government has been running this country on house building (and selling) for years. They are pulling out all stops to re-inflate that bubble. The banksters are just taking advantage of this policy failure.<br /><br />Third…, “Translation: You can lower interest rates all you want, but we're still not fucking lending the bailout money to anyone in this economy.” I am with Mish and Denninger on this one…, the banksters aren’t “lending” because no smart businessman with any sense is willing to invest in new business or expand an existing business in this environment. Yeah…, there are a lot of failing businesses who would be willing to take some cash now…, but in fairness…, we shouldn’t fault the banksters for refusing to lend to them.Scott R.https://www.blogger.com/profile/17353655165012542492noreply@blogger.comtag:blogger.com,1999:blog-8461934131627924737.post-9446573776646512562010-02-20T13:38:06.162-08:002010-02-20T13:38:06.162-08:00I just read the same article. One cannot help but ...I just read the same article. One cannot help but wonder how these con-men get away with this over and over again?☯https://www.blogger.com/profile/04154882168294950916noreply@blogger.com