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bloomberg.com - 2/10/2009

Congress Misreads Public Anger at Wall Street: Caroline Baum

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Commentary by Caroline Baum Feb. 10 (Bloomberg) -- There’s only one thing more revolting than watching Wall Street abuse taxpayer dollars: watching Congress bloviate about it. Our elected representatives are gleeful at the opportunity to fan public outrage at bankers for their excesses -- in ...

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Dude, Where’s My Bailout?
N/A — It’s a good thing the bankers are around to flog. Congress creatures can flap their gums and chew on all the bad bonus babies. Well connected and well noted enabler T Sec dinosaur Geithner can continue to give away the store.  A new bad bank will allow the bad bankers to lose their losing loans and guarantees a profit for the rapacious raptors who stayed away from the stinky loans before. The best of all possible worlds if you are a bad banker with a bad record? “Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions . . . ...

Dude, Where's My Bailout?
Shakesville — It's a good thing the bankers are around to flog. Congress creatures can flap their gums and chew on all the bad bonus babies. Well connected and well noted enabler T Sec dinosaur Geithner can continue to give away the store. A new bad bank will allow the bad bankers to lose their losing loans and guarantees a profit for the rapacious raptors who stayed away from the stinky loans before. The best of all possible worlds if you are a bad banker with a bad record? "Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions . . . " Dude, where's ...

To Seek the Blood from Precious Stones Is Blasphemy
Whiskey Fire — We cannot possibly allow the GOVERNMENT, which is run by POLITICIANS, to take any control over failed banks, because that would displease the GODS OF THE MARKETPLACE. That's a pretty good "shorter" for a lot of the commentary on the current meltdown, and not only from wingnuttia. It's weirdly religious in nature, while being at the same time about money and power and of ...