Geithner should be half-hung, drawn, and quartered. And a few other bankers and their enablers should be, too. On general principle. These people fucked us, and are continuing to fuck us. Some need to pay.

Some need to pay.

None will. And that should make the people currently in office unelectable. And it won't.

And that should make the people currently in office unelectable. And it won't.

Like the bankers, they think they're owed the shit they've had for the last many years.

I had a close person in my life, a Jewish banker, complain to me recently that all of his other banker friends think Obama is doing them wrong. It was all I could do not to say - hey, you and your buddies made millions playing with monopoly money for years, then got a massive bailout when your stupid bets collapsed, and are now borrowing money at 0% from the Fed, then using that to purchase T-Bills and make the government pay you interest on the money you borrowed for nothing - and now you're complaining?

How has Obama done anything meaningful to harsh on the bankers' mellow?

BTW, Irony alert when Henry Blodget is talking honesty and accountability (not that he's wrong this time).

These people in the government treat it like it's their money- not so much their personal money-as they would never give out or loan their personal money in these circumstances.

The money belongs to the taxpayer. However these guys act like money brokers, with the tax payers money, knowing these deals will pay off down the road. This is the classic you scratch my back I'll scratch yours.

Washington: where communism and fascism meet each other in the back and shake hands.

As an aside: "Doogie Hoser" - That's funny.

Here's another bit of American management that I am wrapping my brain around this morning. I've read this twice and still can't figure out how American foreign policy can be so fucking poorly run.

http://articles.moneycentral.msn.com/Investing/JubaksJournal/how-iraq-is-punishing-big-oil.aspx

I really can't tell at this moment if I am just being overly pessimistic or if all the fundamentals are being ignored (like tech stocks circa 1999). We are doing pretty much everything Japan did after their real estate \ financial system bubble burst, and their stock market remains down 75% almost two decades later. The lost decade is now two decades old.

PS- Anyone walk onto a car lot lately? I was stuck on one for about three hours yeasterday waiting for a ride after my car broke down. It was like the Twilight Zone episode where that astronaut was the last man on Earth.

"Some need to pay.

None will. And that should make the people currently in office unelectable. And it won't."

As sad as this makes me, I must agree. It is a shame to see the United States come to this. Do I foresee a giant, sudden collapse/Armageddon? No, that is silly. The reality is even more disheartening - a long, humiliating, steady decline into irrelevance and a lower standard of living for everyone.

I only hope that there are countries out there who can see what we did right for so many years, see what we have been doing wrong for about the past hundred, and act accordingly. Then we will have the next bastion of innovation, progress, technological advances, and a rising standard of living. I wonder whether one will emerge in my lifetime.

I've read this twice and still can't figure out how American foreign policy can be so fucking poorly run.

You mean that our companies failed to win oil contracts awarded in Iraq? I'm not sure that's a foreign policy failure - the people who believe in that boondoggle will certainly take it to be a vindication of Iraqi self-determination and that the war really wasn't for oil. On the other hand, I see no reason why our money and soldiers should still be there if it's not U.S. companies that stand to profit. Fucking ingrates. Time to go, and not let the door hit our ass on the way out.