Thursday, September 06, 2012

Matt Taibbi Pushes Back Against Dan Primack


I'm with Taibbi on this, and I think his piece was actually fair and measured.



We allow folks on Wall Street and in the Financial Media to drape themselves in some lofty presumption of economic arcana beyond the rest of our capacity to comprehend. Their distinction, as illustrated by their well coiffed lives, should be considered beyond the scope of comprehension of the mere mortals who scavenge through life in their illustrious shadows, in their appraisal.



Two things I know most assuredly.



One, there is over a quadrillion dollars of paper produced by the Finance Mavens of Wall Street, and her sister boroughs of Economic Sin about the world, that are backed by -0- hard assets. That would be ZERO as in ZERO ... as in a Quadrillion dollars in unsubstantiated, fraudulent wealth.



Two, that the imperious Lords of the Financial Sector are uniformly shysters.



Again, I stand with Taibbi, whose aim on this issue has always been straight and true.
Read the Article at HuffingtonPost

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