Friday, February 13, 2009

Politicians are Equally Guilty

Bill Bonner explains in the latest Daily Reckoning why it is that the public is going to get economically screwed coming and going:

So you see, dear reader, how deliciously the plot turns? In the bubble years, the bankers ripped off the public...pretending to make them rich, of course...while the regulators looked the other way. Now, the politicians create a distraction, pretending to punish the bankers, while together they pick the public’s pocket for $3 or $4 trillion more. The bankers are judged guilty; but the audience hangs.

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