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Confidence Check

Does it occur to anyone else that the only people qualified to really explain to us the consequences of the “credit crisis” – not the politicians who dither, not the newscasters that blather – but the ones who really understand the consequences are 1) the ones who got us here in the first place, and 2) the ones who have the most to gain from our intervention saving their bacon.

Color me a Luddite, but if the same doctors that sent me into toxic shock assured me that only they could fix me, given another $700 billion, I’d be a little skeptical.

Is all.

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52 comments to Confidence Check

  • b2

    Jimmy,

    I would say the RTC would be a bad example to benchmark. While it pales in comparison in scope to todays problem it is exactly what we wouldn’t want to see again. Ask John McCain about the RTC.

    I don’t know. I’ve just been overidden(again,,,) and when I saw that self congratulatory group of Senators immediately after the vote I heard that silver haired Geico lizard- Chris Dodd, giving himself and Barney the Frank BZs… I “feel” dread.

    I do understand the math you present however the will to actually collect those funds from their constituents seems highly unlikely for any politician, especially if we are unfortunate enough to suffer under a taxing Obama administration and Democratic congress. Goverment making $$ is alien to me….

    It’s done though. I truly hope you’re right.

    b2

  • Jimmy J.

    b2,
    May God have mercy on us all.

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