Wednesday, September 17, 2008

Life in crazyland

Clearly, only a crazy person would not want to ensure maintaining minimum survival needs for elderly people to the stock market. It is stable and ever-growing, and if only we'd invested the national retirement fund then the free market would have made sure that the bread lines were as comfortable as possible.

1 comment:

I'm Not Ned said...

Phil Gramm should not be allowed to have a checking account let alone comment on the economy.

The Gramm-Leach-Bliley Financial Services Modernization Act of 1999 effectively repealed the Glass-Steagall Act of 1933 and directly contributed to the sub-prime lending crisis.

Letting banks take on the role of broker AND allowing them to underwrite their own risk. Brilliant.

Tell the world: Phil Gramm put the pieces in motion for our current financial situation. McCain relies on Gramm for economic guidance.