Community Theatre Review: Suspension of Disbelief a Must for Congress-Goldman Sachs Co-Production of "Die, You Gravy-Sucking Pig"

I've seen some show trials in Washington in my day, but Congress' current "flaying" of Goldman Sachs really takes the cake. Usually when Congress decides to make an example of someone, it's some unfortunate and unwilling schlub who gets thrown under the bus in order to hide the complicity of Congress itself. This time, we have a slightly different situation on our hands. The whole thing is high theatre, with both Congress and Goldman Sachs playing their roles to the hilt.

 Welcome to Socialism, America... Whether You Like It or Not

I didn't think Henry Paulson could get any more brazen in overstepping the bounds of his proper authority.  But when I woke yesterday morning and began to read the news, my jaw dropped yet again. Now he has literally strong-armed healthy banks into nationalization. I was already calling him King Henry, but now I realize it's time to endow him with a new title. How about Überkaiser...?  Nah...  Now that I think about it, I say we go with Führer. It's so historically rich, practically trips off the tongue, and is oh so fitting.

Henry Paulson: Crony and Snake in the Grass

Henry, Henry, Henry... I see you. I see what you are. I see what you're doing. And I wouldn't trust you if my life depended on it. Which, at the moment, it kind of does.  

If you, dear reader, are a taxpayer--and I'm guessing you do fall into that category--Treasury Secretary Henry Paulson's "bold plan" to guard against recession both at home and abroad should have you hopping mad and incredibly suspicious. The plan, which we have yet to see in a finalized form, would give congress the power to buy bad debt from private industry.  The price tag mentioned in the media this morning?  I hope you're sitting down... $700 BILLION dollars.

The Federal Reserve Marches On

After today's news that the Federal Reserve will "loan" insurance conglomerate AIG $85 billion, I feel horrified but hardly surprised.... The Federal Reserve is currently taking full advantage of Wall Street's failures and, in so doing, succeeding wildly at fulfilling its covert mission: to empty the pockets of the American taxpayer.