Thursday, September 22, 2011

Steve Forbes: Shill for the Banks, Defends TARP and Suspension of Mark to Market Rules

And just to be consistent, recommends the same to Europe now, here.

Why, if government can conjure $7 trillion in money creation from $700 billion in TARP investments, why don't we just dispense with private capital altogether and let governments do this all the time?

Then people all over the world can enjoy perpetual unemployment while Steve and his clones get filthy stinking rich because they're first in line for the easy money.

Great idea, Steve! Until your precious banks implode under their own weight.

It can't happen soon enough.