As Orhan says, ‘we’ll see’

Kunstler, once again saying what no one but Jon Stewart says in public:

It was heartening at least to see a few signs of life “out there” in the karmic interstices. Senator Carl Levin of Michigan sent a memo to the Attorney General of the US – viz: something has been going on in Wall Street that merits your attention. As in most seemingly crucial turnings lately, echo answered. Can someone please check to see if Eric Holder over in the Department of Justice is leaking sawdust? He must be stuffed something. Styrofoam would just make him look lumpy. Could he be a computer graphic? Or is he just a simple slab of cardboard with a photo glued on. Perhaps Senator Levin’s next memo might be in the form of a subpoena to Mr. Holder, requesting his testimony as to how many trillions of dollars were snookered, swindled, and Ponzied out of the US public for the benefit of about a thousand guys in and around lower Manhattan (with branch offices in suburban Connecticut and New Jersey).

8 responses to “As Orhan says, ‘we’ll see’

  1. Without the subpoena, I won’t hold my breath…

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  2. It’s official, Obama’s credit card is maxed out . Vote buying is expensive .

    http://www.reuters.com/article/2011/04/18/us-ratings-usa-sp-idUSTRE73H2JT20110418

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  3. ojmo ,

    That was a few trillion ago .

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    • The next step is increasing interest rates and then recession follows…like clockwork.

      Jimmy Carter 2.0.

      I thought Obama was trying to get reelected…

      What the heck is he thinking?

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      • I didn’t think anybody took the rating agencies seriously anymore, after they screwed up the ratings on the credit default swaps…

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        • That’s definitely true. That said, if they were to downgrade America’s AAA rating, American stock markets would drop sharply and things would quickly get worse than they already are.

          In essence, while I agree that the rating agencies have lost credibility, I would not dismiss them entirely.

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  4. ojmo ,

    ” I didn’t think anybody took the rating agencies seriously anymore, after they screwed up the ratings on the credit default swaps… ”

    Maybe they are making sure they don’t miss this disaster . It’s not nearly as hard to see coming or as complicated . All of the lies and accounting tricks are right out in the open .

    Like

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