Thursday, 25 December 2008

Is there any difference?


Zounds! Public sentiment toward the accelerating economic fiasco has
shifted, seemingly overnight, from a mood of nauseated amazement to one
of panicked grievance as the United States moves closer to an apparent
comprehensive collapse -- and so ill-timed, wouldn't you know it, to
coincide with the annual rigors of Santa Claus. The tipping point seems to
be the Bernie Madoff $50 billion Ponzi scandal, which represents the
rossest failure of authority and hence legitimacy in finance to date in as
much as Madoff was former chairman of the NASDAQ, for godsake. It's like
ldiscovering Ben Bernanke running a meth lab inside the Federal Reserve.

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