Morons In Washington

I turned on the evening news and saw a story about bailout thug Neel Kashkari being grilled in front of Congress about the way bailout funds are being used. Those morons acted like they were surprised that the funds haven’t been used the way they were supposed to be used. Let me get this straight: the former ceo of Goldman Sachs gains dictatorial power to bailout his Wall Street buddies, then he puts one of his buddies from GS in charge of handing out the cash and handling “oversight” of everything. Ha! Like we didn’t see this coming! Ladies and gentlemen, you have now been introduced to a textbook example of moral hazard. Now that these failing Wall Streeters are insulated from because of bailout money, they will behave differently than they would if they had to take responsibility for their actions. Duh!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: