Brutal Toon in the NYT: Greetings from flyover country

[1StrongBlackMan]

90. Well ...

No free links, sorry, These papers are written by many members of the group above who make their living selling them to people for whom a few thousand dollars a year to get good information is just the cost of doing business. See the above references and you will find some sources. How you access them is up to you.

at least point me to a source. I am familiar with both Stiglitz and Roubini ... though I am somewhat suspect of Roubini, as he is making a living shorting the US economy, while sells investment advice, advising that his clients short the US economy. I don't know what Stiglitz is advising his clients to do.

We did cover the deposits, so yes, I am sure. (BTW why do you think the insured limit was raised from $100K to $250K?)

But that was WITH the bail-out ... so no banks failed. Had the banks been allowed to fail, the damage to the economy would not have been because folks lost their savings.

Finally, if you're not aware of what happened or don't understand the consequences of it, you really need to learn a lot more about macroeconomics. In brief, nothing on earth was moving, no thing. Container ships were simply holding station wherever they happened to be. The loading docks were full, warehouses full of perishables rotted, no iPads were leaving China and no cerium or neodymium was being mined to make more. The entire global economic machine stopped.

While I admit I know nothing about "nothing on earth was moving, no thing. Container ships were simply holding station wherever they happened to be. The loading docks were full, warehouses full of perishables rotted, no iPads were leaving China and no cerium or neodymium was being mined to make more. The entire global economic machine stopped", my undergrad degree in Economic suggest I have a nodding aquaintence with macro-economics. So if you would be so kind as to post a link to this stoppage, I will be further informed.

With that in mind, what do you imagine would be made worse if Lehman or Merrill or (dare we hope) Goldman didn't exist today? They contributed nothing (except boatloads of campaign cash, of course) and their absence wouldn't hurt anyone you know (probably).

If you think the bail-out can be boiled down to that ... well ... there's not a lot of room to discuss this further.

One of the things we have to face up to, if we are to ever have any hope of making the world better for the rest of us, is that practically nothing is done to preserve or benefit us "useless eaters". The world is run by sociopaths and their boot-licking sycophants for their own purposes and you and I don't rate any consideration.

Now here, we agree ... and like with all addictions, detox is best a step by step, gradual process rather than the cold turkey that sends the addict into all sorts of pain.