“It sounds like selling a car with faulty brakes and then buying an insurance policy” on the driver,”
— Financial Crisis Inquiry Commission Chairman Phil Angelides (D) to Goldman Sachs CEO Lloyd Blankfein.
Well, well, well,
Doesn’t sound too different from what we said in September 2008, does it?
And it sure sounds just like what the Deep Capture folks were saying, when they called the crisis the equivalent of buying fire insurance on someone’s house and then setting fire to it.
So is it Deep Capture that’s crazy?
Or is it the rest of you all out there who watch these guys do their dirty deeds, then watch their shills in the media cover up and spin and obfuscate for them, and still keep sucking it up and asking them to chair commissions to solve the problem?
Right. Get the arsonist to investigate the arson. That makes sense.
Take a look at the government fire-brigade.
One fire-fighter is arsonist-in-chief Jamie Dimon (head of JP Morgan, the biggest bullion bank in the world, which is a major market manipulator, and one of the biggest beneficiaries of the bail-out).
Wasn’t it Einstein who said the definition of insanity is keeping on doing something you know doesn’t work?