Thursday, November 20, 2008

Chronicles Of Depression 2.0: #425: Con Game

Pulling The TARP Over The Taxpayer Eyes
Lucky for us Hanky and Benny have deigned not to use any funds to stabilize the real estate market. Nor have they chosen to time bomb the 55 trillion dollar credit default swap time bomb. Their inaction virtually guarantees some combination of worldwide depression, hyperinflation, and eventually a worldwide currency collapse. Thankfully Hanky and Benny have save us from the moral hazard of socialism. Would you like fries with that?

Emphasis added by me.

This is a wonderful post that describes matters as they are -- and not as D.C. wants you to believe.

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