Posted on 11/28/2008 4:32:06 AM PST by IbJensen
There is a condign symmetry about this financial crisis. A government-induced crisis is getting a government-insured resolution. The excesses of Freddie Mac and Fannie Mae are being mopped up by huge federal spending made all the more massive by all the reckless endeavors of the politicians, the regulators, and the financiers who frivoled with the intemperance of Freddie and Fannie.
(Excerpt) Read more at washingtontimes.com ...
And by the time the curtain falls on this farcical drama that will be the Obama presidency America will be in tatters.
It's the the Oogedy-Boogedy branch of liberalism and Fabian Socialism taking over the White House. It will be all fantasy from here on. A country run by liberal and socialist fantasies.
They'll need the men in the white coats with large butterfly nets before the four years are over. They can be allowed to get thrills up their legs within the walls of a lunatic asylum.
And Barney Fwank is fascinated with Freddies Fannie.
Barney is fascinated by many male fannies.
Did someone bet the author he couldn’t use “condign” as his thesis statement, did he recently join readers digest word of the month club or is he helping someone pass the SAT’s?
In all of Google land, the word only has 175000 hits and most of those are dictionaries.
We certainly are lucky to have you available to get to the real meat of the story.
Without you, dullards that we are, we might have missed the real significance of the story.
When Mr. Frank promised he’d get to the bottom of things, perhaps we ought to have taken him at his word.
Since August, Freeper’s have been saying what the author just said. His opinion is a rehash of most conservatives complaints about federal intervention with one major change; the use of the word condign.
By the way, my apologies.
Your reply is certainly an admirable display of gentlemanly restraint, considering my smart ass dig.
When Larry Summers was Treasury Secretary he was the guy for deregulating derivatives and wouldnt take any advice from anybody. A bunch of people were jumping up and down saying this would be a nightmare bundling up all these mortgages and selling em to each other.
Good to see Tyrell on his game. I agree with his concluding observation, that the Volker appointment will be a measure of how serious Obama is about shoring up the economy. But I see Volker as the canary in the coalmine. If he quietly resigns in six months, it’s time to sell out and hunker down.
One of the pleasures of reading Tyrell is that he routinely uses words you only wish you knew, and he uses them well.
In that respect he is the conservative closest today to William F. Buckley, Jr.
“its time to sell out and hunker down.”
I’m not waiting, I’ve decided to avoid the rush and am already hunkering down the family assets as best I can.
In similar fashion, I wish George Will had never introduced oxymoron to our lexicon.
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