Thursday, July 19, 2012

WTF IS DEAD... LONG LIVE WTF


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THE INCREDIBLY BRIEF STORY OF HOW WE GOT SCREWED - BY PAUL KRUGMAN
http://www.nytimes.com/2011/10/07/opinion/krugman-confronting-the-malefactors.html?ref=paulkrugman

In the first act, bankers took advantage of deregulation to run wild (and pay themselves princely sums), inflating huge bubbles through reckless lending. In the second act, the bubbles burst — but bankers were bailed out by taxpayers, with remarkably few strings attached, even as ordinary workers continued to suffer the consequences of the bankers’ sins. And, in the third act, bankers showed their gratitude by turning on the people who had saved them, throwing their support — and the wealth they still possessed thanks to the bailouts — behind politicians who promised to keep their taxes low and dismantle the mild regulations erected in the aftermath of the crisis.

Given this history, how can you not applaud the protesters for finally taking a stand?



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Yo WTF'ers!

I'm shelving this blog in favor of a new one!

Guaranteed to be more scintillating! So click below and get hep to the groove.

Man.

THE ANTI SOCIAL COMMENTATOR
http://antisocialcommentator.blogspot.com/2012/07/the-anti-social-commentator-were-all.html#!/