Fed/Goldman Swindle Explained

Soros

Information Landmine's favourite billionaire once again demonstrates why he's earned that status and respect with a new article in the Financial Times explaining why the Bush bailout of Wall Street is, like so many Bush administration initiatives, a jaw-droppingly awful idea. Hank Paulson and Ben Bernanke ought to (but probably won't) read and learn.

Ron Paul accuses Federal Reserve of Theft

Populist libertarian Rep. Ron Paul (R-Tex) has accused the US Federal Reserve of the "theft" of ordinary people's money via the dollar's sharp decline on world currency markets. Whether the free-falling greenback is a result of the Fed's thievery, gross incompetence or both, this is yet another example of the growing jitters amongst Americans at the inability of the supposedly Olympian god-like financial collossi of Washington and Wall Street to stabilize an economy teetering on the precipice of the kind of out-and-out disaster unseen in the western industrialized world for the past 75+ years.

All more evidence that the Bacchinalian orgy of laissez-faire conservative capitalism and e-z credit consumerism is coming to an end and, as can be expected following all such exercises in hedonistic excess, the mess left behind afterwards is going to take a hell of a lot of time and effort to clean up.