9.20.2009

Asleep at the wheel

I meant to comment on the poetic synchronicity of the FDIC and FHA Ponzi schemes simultaneously announcing that they were broke, but I didn't get around to it. But you can cruise on over to JDA for the details.

Bonus Greenspan tragicomedy: little old men robbing banks to pay the mortgage.

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Quotations from Chairman Varones

 Inflation is progressive utopians encountering resource constraints for the first time.