Chiming In

Ad-hoc Lecturer, the semi-Strategic Corporal at the firehouse after one beer:

“Ned is as right as rain. Even though Money failed and was suckled on the government teat; it never lost its power. In the Fall of '08 every major financial institution in the Western World was over-leveraged and awash with dubious equity. But never underestimate the elasticity of bad debt. Central Bank liquidity, affirmed by promises from future tax-payers and captive consumers made international Finance whole. Nobody was punished and no lessons learned. Management rewarded themselves for their luck and apportioned new monies to buy new votes. -- Conservatives want to go back to before the Civil War; Conservogressives want to go back to the Eisenhower Administration.