LETTER – Conspiracy


Conspiracy Theory

As a result of some pretty irresponsible behavior compounded by some well-intentioned federal interference major financial players in the banking and insurance industry go bust and take a lot of others down with them

The federal government steps in with buckets of cash, handing it over with very little accountability to the same folks listed above in order to “save the economy”.

These same institutions with the same leadership behave the same way as before. Scandalous salaries, perks, bonuses and spending come to light. The press demands action!

And so the federal government is forced to set in and take control, not because they want to but because they have to, obviously the “greedy rich” cannot regulate themselves.

Next agenda item: healthcare.

Uncle Buck

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4 responses to “LETTER – Conspiracy

  1. told ya: Washington Post says “The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document”.

    link: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/23/AR2009032302830_pf.html

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  2. “We’re very late in doing this, but we’ve got to move quickly to try and do this because, again, it’s a necessary thing for any government to have a broader range of tools for dealing with these kinds of things, so you can protect the economy from the kind of risks posed by institutions that get to the point where they’re systemic,” Geithner said last night at a forum held by the Wall Street Journal.

    Actually, I think the timing is a bit impatient, if they procrastinate a bit more it would appear more thoughtful, and less of a naked grab for power. All hail Caesar!

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  3. I liked the recent press conference when he used the term “securitized.” If you secure something, you’ve secured it. If you nationalize something, you’ve securitized it.

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  4. I stand in awe of the prescience of Uncle Buck

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