Atlas Shrugged: The Mocking

Monday, November 29, 2010

Let Them Give Their Cake To The Bankers While They Starve

Shorter "Marie" McArdle: "[...]Europe cannot let its banks fail, but it also can't divert public pensions to line the pockets of bankers. Yet it may well have to do one or the other. I am also expecting finance to win."

There you go. The poor and middle class will pay so the bankers lose nothing. So let it be written, so let it be done.

I wrote a long post supporting Amanda Traub's criticism of McArdle, but since Traub immediately backed off, why bother? No cookie for you.


Anonymous said...

"I should preface this post by saying that I am a fan of Megan McArdle's blog. I think she writes well, and I generally find what she has to say interesting, and intelligent, even though I don't always agree with her."



Kathy said...

Public pensions are all that's left to steal. Everything else has been sucked up by the Bankster-Squids.

Interesting times: what will they go after when Social Security has been privatized (given to Wall Street) and all pensions, public & private, have been used to pay Government Debt?

I'm sure they'll think of something, but what?

Downpuppy said...

Everybody's children, to the 3rd generation.

I mean, look at Ireland. Those poor bastards are on the hook for so much their grandchildren won't be able to pay it. And the bankers still think they're the engine of progress.

Susan of Texas said...

Anywhere there's a pool of money, the robber barons will be there. Pension funds, taxes, SS and Medicare--I don't think they intend to leave anything behind.

I remember reading Brewster's Millions, where a young man was required to spend a million dollars in one year (it was around 1910, I think), to inoculate him against greed and profligacy. By the end of the year he was sick of spending money. I don't think these guys ever will be.