Monday, January 17, 2011

Quote of the day

“In the future we may have to do exceptional things again if we face a shock that large,”... "It depends on the state of the world–how deep the recession is.”

That from Timothy Geithner, two-time tax cheat and head of the Treasury Department, on why no one, including himself, is convinced that anything substantive has been done towards preventing Bailout Nation from being the default mode when confronting a financial crisis in real time or preventing one from happening in the future.

Not to worry - crony capitalists everywhere are rejoicing.

Go on over to Secular Apostate's place where he breaks down the pervasive culture of No Consequences.

Chronically unemployed with no savings? No problem - there's an app for that.

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