Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Tuesday, May 13, 2014

Shocking News From Wall Street

It turns out - quelle surprise - that the good folks at private equity funds (smile, Mittens!) are a bunch of crooks.  They routinely - as in about 50% of the time - cook their books to charge their investors more than they should.

We know this because of Dodd-Frank.

The GOP is determined to end or undermine Dodd-Frank because...freedom?  Because markets worked SO WELL in 2004-2008?

Sometimes it's hard with the Republicans to know if they are ideologically opposed to something, if they are opposed because they are simply whores to their corporate pimps or if they are just so oppositional defiant that they can't help themselves.

Either way, a sane electorate would not trust these yahoos with the keys to a Chevy Impala much less the keys to power.

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