Where's the CON in confidence? You hide it well...

I guess Washington relies on the factoid that Americans have a very short attention span.

Based on the comment from Lila Rajiva, the other day, who is the co-author of one of my favorite books, "Mobs, Messiahs, and Markets", and a must read (to which you can order from my book library spindle at the top) she mentioned that perhaps more writing needs to be done regarding the financiers who have swindled the world from its money. I do agree, do to the fact that most people have already forgotten what has really transpired in the past only four short months...You can find her blog on the right in the column titled "Other Blogs of Interest" to which I frequent and hers is called, Mind-Body Politic.

To recap;
Back in September, Bernanke and Paulson came to Washington and asked for a blank check with no strings attached so they could get the banks the $700B in order for the banks to begin to buy up the toxic assets...When Bush came forward and asked for the blank check-the public said,"not again with the blank check policy..." But basically the politicos gave in anyway after a few bullshit sessions to make things look good to their constituents since Nov. 4 was right around the corner...politics, right?!

Then the banks took the money and hoarded it. No one in Washington told them they actually had to DO something with OUR money we were giving to them-those who fucked it all up in the first place. Oh, some paid for some great parties and a few CEO's and such got some great golden parachutes albeit with different semantic wording in order to comply...but they still got their-I mean, OUR money...

Then the banks kept hoarding the money. They continue to blame it on the consumer confidence. Is this CON or CONfidence... Businesses failed, people went broke, people lost their homes, people lost their jobs, more people lost their homes...

Obama got elected and people began to see a new light to the world. People forgot about the shit...The banks kept hoarding the money...

But more businesses failed, more people went broke, more people lost their homes, more people lost their jobs, then more people lost their homes...

Well, Bernanke stated today, in a speech in London, that he thought that the banks should be given the rest of the $350B that Obama is asking for so that the banks could buy up the toxic assets.

I'm sorry, did I hear that again? I mean, did you stutter? I mean, do you mean it this time?

And I guess our Democratic Congress and Senate decided to get a set of balls when there is an incoming Democratic President. Where were the concerns and checks and balances for the Bush $350B(actually substantially more...)

I asked for the Democrats to get a set of balls, but perhaps they needed to have a damn backbone when we had the Bush criminals running the show...

Once again, you can't make this shit up!

Bernanke originally came in stating that our old friend Greenspan had failed at his job. By no oversight or foresight he seemed oblivious to the lending rates and bubble that was being created. Bernanke stated that Greenspan should have never brought down the rates as low as he did. Now, Bernanke has brought the rates to the lowest they have been since...I'm an American-I can't remember, oh that's a good thing for Bernanke...but I'll find out online...

Don't these people know that everything is recorded and secured for the rest of time through the internet, cell phones, Twitter, Facebook, blogs and more...?

Perhaps they don't care because they know that America has a very short attention span.

What was I saying again?...

Oh, yeah, I was talking about this guy who "made off" with all of our money...his name was Madoff! Anyway...

And we wonder where the CON is in consumer confidence...




This, the 237th entry in bloggoland! Thanks for reading and coming back. I always enjoy the comments, emails and the banter!!


(c)Copyright 2009 Doug Boggs