Tuesday, September 04, 2007

Thank Goodness for Corporate Welfare

Because without corporate welfare, where would the City be today, with all of its major banks sucking up counterfeit money from the Federal Reserve, the European Central Bank, and the Bank of England? Bust, crashed, and burned. Probably.

Oh glorious day of 100% gold reserve banking, with fractional reservists and counterfeiters being tossed into stocks and pelted with rotten credit derivative instruments and other garbage, come to us now!

Though I must say, I was amused when Bernanke said yesterday that his job as chairman of the Federal Reserve wasn't to bail out risk-taking and mistaken major Wall Street investors. I'm sorry, Mr Bernanke, you obviously haven't read your job description. Because that's exactly what you're paid so handsomely to do. You muppet.

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