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06-22-2009, 12:40 AM | #1 |
Avalon Senior Member
Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
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Not All Bankers Are Liars
Not All Bankers Are Liars
June 20, 2009 Karl Denninger Here 'ya go: CNBC Interview of C. R. "Rusty" Cloutier VIDEO and SOURCE: http://market-ticker.denninger.net/a...Are-Liars.html Five minutes, roughly. Let's recap Rusty's points, which I have repeatedly made since this crisis began, and if you look at the last two+ years of The Ticker, you'll see the same things being said: "We saw this coming in 1999 with the passage of Gramm-Leach-Bliley"By the way, if you're a "credentials guy", Rusty is a former Federal Reserve board member. So folks, how much more of an authority do you need than a former Federal Reserve board member and the head of a significant regional bank? Still think this is a partisan issue? We've had a Democrat President and a Republican Congress, a Republican President and a Republican Congress, a Republican President and a Democrat Congress and now a Democrat President and a Democrat Congress. All possible combinations have been present during the genesis and unfolding of this mess and not one has stepped forward to put a stop to it. Are we the people still going to sit on our butts, ten years after the fine folks who are "in charge" sell us down the river and we get the consequences, irrespective of whether we're Democrat or Republican? What's that old Einstein definition of insanity again? Oh yeah: Doing the same thing over and over but expecting a different result. Accuracy in Media 2009 Grassroots Media Award ~ KARL DENNINGER February 26, 2009 Karl Denninger receives his award and gives a phenomenal speech addressing current issues and information. http://projectavalon.net/forum/showt...Karl+Denninger Last edited by peaceandlove; 06-22-2009 at 12:47 AM. |
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