Far East Cynic

Worth repeating…..

Courtesy of the Reformed Broker:

“Let me help you out, sir.  Finance is one of the things we do terribly in this country, not well.  Alan Greenspan’s policies simply created the illusion that we “did finance well” when in reality, what we did well instead was wealth transference.  We used inflation as a weapon and permitted the privileged few to gorge on a bloated, overly-financialized economy that was fed with debt growth rather than actual production.”

  1. Did you see where that bitch Gorelick ended up on the Defense Policy Board? Having brought ruination to the nation at Fannie Mae and gagging to Duke, that bitch is now the voice of Panetta at DPB. Only fucking democrats.