15 December 2009

Up Shit's Creek, Sans Paddle

Quote of the Day:
It is difficult to get a man to understand something when his salary depends on his not understanding it.
-Upton Sinclair, as quoted yesterday by NY Times columnist Paul Krugman.

In that column Krugman argues that, as history shows us, it's up to the Democrats to reign in the banks and put our financial system back on solid footing.

With THIS congress?

Well, shit. We're fucked, aren't we?

Update: Elizabeth Warren, chairperson of the Congressional oversight panel on bank bailouts, says bank regulations fail over time.

As I just said: Fucked.