tag:blogger.com,1999:blog-11719208.post3661560649761225105..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Bernanke wades further into the AIG messTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11719208.post-4477511624453736442010-01-20T05:46:35.417-08:002010-01-20T05:46:35.417-08:00The investigation is just PR designed to get the g...The investigation is just PR designed to get the guy reappointed.<br /><br />The timetable means that once reappointed he plans to kick the printing presses into overdrive, so that the hidden bailout is complete by the time reappointment comes around again. That is, confiscate pensions/savings via the printing press faster, and give the booty to financial firms in a hidden fashion that the public won't notice.<br /><br />He's learned not to do things that the public can figure out. The thief of the year will steal pensions even faster, when he no longer has to lobby for reappointment. The booty will be distributed in the hidden form of managed interest rate spreads, and centrally planned asset prices. That way well connected financial firms will be able to make leveraged bets, knowing the outcome of the bets in advance.<br /><br />The public will never figure this out, so they won't be outraged. The public will also never figure out why their standard of living is getting lower, especially retirees. Central bank propaganda will blame greedy corporations, foreign trade, or some other scapegoat for the increased cost of living. The CPI may even be fudged some more, but in a hidden fashion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-69719475502926058532010-01-19T17:42:17.441-08:002010-01-19T17:42:17.441-08:00This is just a delay tactic. They will not give t...This is just a delay tactic. They will not give them all the info.Newshttp://news.yahoo.comnoreply@blogger.com