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View Diary: The Evening Blues - 1-3-13 (52 comments)

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  •  I was amazed (9+ / 0-)

    at that figure.  Not exactly surprised, but still amazed, if that makes any sense.  

    This is that moral hazard thing at work, priceman.  I mean, why not?  When they crash again they know they'll be bailed out.  There will never be enough $ in that Dodd-Frank created fund.

    And when it happens again, where will the money come from to pay for the robbery this time?  Which social program will have to be slashed for it?

    "Justice is a commodity"

    by joanneleon on Thu Jan 03, 2013 at 06:17:47 PM PST

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    •  Indeed, amazing, but not surprising (4+ / 0-)

      Exactly. Hell, the bailout guarantees are priced in now. History also shows this.

      Oh the Congress will appropriate it, John Boehner may even cry again, then the Fed will mark it up and print it up and then Congress and the POTUS will talk about how there's not enough revenue collected for any of our social programs because the deficit lying to us about how our system works and tell us to be scared and for our SS, Medicare, and Medicaid to be slashed for "shared sacrifice."

      I don't negotiate grand bargains with deficit terrorists!

      by priceman on Thu Jan 03, 2013 at 07:01:10 PM PST

      [ Parent ]

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