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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (106846)	1/19/2010 1:12:58 PM
From: NOW	1 Recommendation Read Replies (1) \| Respond to of 116555

this "bankers without a clue" meme is going viral now, including on this thread. sad to see Mish buying it hook line and sinker

To: Broken_Clock who wrote (106846)	1/19/2010 1:15:56 PM
From: NOW	Respond to of 116555

"He is not really all that clueless, of course. His role is to play the “useful idiot” whom financial elites can blame to distract attention from how they have gamed the system. Wall Street’s first aim is to make sure that the Fed remains in control as the government’s central regulator – or in the present case, deregulator, able to disable any serious attempt to check Wall Street’s drive to load down the economy with yet more debt so as to “borrow its way out of the bubble.”"