[ExI] The Financial Crisis Explained

[William Flynn Wallace]

The New York Times has several pages on this today.  Crisis not over.

Did it ever occur to you that when a member of Congress or any legislative
body votes for a bill, that they think of what that bill will do to their
law practice?  Why do we have so many regulations and laws that are
eternally being challenged in court?  And why are they so vague and yet
infinitely detailed?

Is it maybe so lawyers can benefit?  Duh?  A plurality of Congress -
lawyers.

Shakespeare was right.

bill w

On Sun, Sep 16, 2018 at 3:14 PM, BillK <pharos at gmail.com> wrote:

> Bit of a rant here, but wholly justified!
>
> <https://www.theautomaticearth.com/2018/09/ben-bernankes-waffle-house/>
>
> Read all the way to the final paragraph -----
>
> Quote:
>
> Central bankers haven’t merely NOT saved the economy, they have used
> the financial crisis to feed additional insane amounts of money to
> those whose interests they represent, and who already made similarly
> insane amounts, which caused the crisis to begin with. They have not
> let a good crisis go to waste.
>
> But judging from the comments and ‘analyses’ on Lehman’s 10-year
> anniversary, the financial cabal still gets away with having people
> believe they’s actually trying to save the economy, and they just make
> mistakes every now and then, because they’re only human and uncharted
> territory, don’t you know?! Well, if you believe that, know that
> you’re being played for fools.
> Preferences and priorities are crystal clear here, and you’re not invited.
> --------------
>
> BillK
>
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