Thursday, January 21

bank restructuring

Our supremely stupid President has talked about the Great Depression so much over the past couple of years he's apparently decided he wants to send us back into one, which is exactly what might happen with his new lack-of-detail bank proposals.

Unveiled today, the White House seeks to impose new limits on the types of risk big banks can assume and place unspecified size limits on institutions. Is this how a free market economy functions?

The result of the idiot-in-chief flapping his gums about this nonsense? Global banking went into turmoil and the stock market dumped 200 points.

November can't come soon enough...

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