Bob’s Take

Matt Taibbi has a wonderful way with words. It’s too bad he doesn’t have any answers.

Posts Tagged ‘Lehman Brothers’

Matt Taibbi has a wonderful way with words. It’s too bad he doesn’t have any answers.

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Geithner’s too smart not to know that the committee knows he’s guilty and so he is keeping his mouth shut.

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This is why the powers that be in the euro-zone are so anxious to put in place a permanent mechanism to save the banks: they’re being bled to death by investors who want their money.

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The patching together of an unworkable and liberty-destroying system – the European Union – continues to be sold as the best thing to do in a bad situation. All without mentioning that the main theme is to use the crisis to promote the Euro-dictatorship: “From out of chaos, order.”

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We all knew this was coming, didn’t we? Just a matter of time. The fiscal clock is ticking for the US of A too. One comment I saw indicated that this downgrade will help Japan’s government move ahead with more government cuts. Fear hasn’t motivated them yet. Why would this change anything? Stay tuned. We’re next.

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Free markets, in the full sense of the phrase, exist only in the minds and imaginations of free-market economists from the Austrian School, such as Ludwig von Mises and Murray Rothbard.

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There is certainly plenty of blame to go around, and it looks like there will be criminal charges filed too. The biggest lie, however, wasn’t mentioned:

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