Yep, the wall street fat cats and performance/ efficiency experts together have nearly perfected their ideology and have determined that owning a business is the least efficient way to make money. What with all the production costs, human resources costs, health insurance costs, and other expenses.

Say goodbye to the wealth exchange mechanism called “the job.”

No doubt, the elite thinks it is a brilliant idea. They can make money while playing golf or sleeping. Just one little detail they overlooked, the American people!

Warren’s comment above reminds me of the tale of the Dutch boy who had his finger in the dyke.

But here, particularly in Pt 1, her credibility is completely compromised. She looks and sounds as doofy as Stewart.

I wish these people would forego the Comedy Central route or Leno/Letterman. Wait for some positive news before acting like clowns.

Disappointing!

Neither choice is good. Not for them or us.

I still think the economic situation is the administration’s Achille’s heel. They will live or die with the results.

But then again, we all might. Not a good situation. But I like Warren and her clear and direct approach. I hope she stays on top of it.

If you want to read the article, here it is:

http://www.marketwatch.com/news/story/Pessimistic-scenario-gains-influence-bank/story.aspx?guid={D8144872-A7A2-4323-8AF3-E5454E77DEA8}

I was also impressed with how quickly Morning Joe grasped the Professor’s explanation of the process, and his emphasis on her point that, the priority of any bailout program has to be, the best interest of the country and not government officials or bank executives

I agree jbjd – its amazing how much the “best interest of the country” is assumed to be aligned with the interest of government and/or wall street. We’ve lost our seat at the table.

I expect the info from the “stress tests” will be spun and manipulated to benefit the banks and keep the financials moving upward in the stock market. I do not think we are going to find out “what’s behind the curtain for good or ill.” I do not think the fur is going to fly. I think they will push the deceit as far as they can and make as much hay as they can while the sun shines.

And then, and then . . .