Gimme a trillion or I shoot this market!
Sports fans, your humble blogger earnestly endeavors to keep up with the machinations of of big financial firms to extract rents from the poor chump taxpayer, usually by invoking scary images of the financial version of nuclear winter. Since we seem to be heading there anyhow, I'm at a loss to explain why these tactics should have such sway with the officialdom, save that they labor under the delusion that their efforts are having a positive effect.
Yyes, at a loss? Readers, can you help?
Oh, and pay attention to that word, "rent." Fix it firmly in your mind, because that's what Big Money is after, and that's what the upcoming Grand Bargain is all about.
Remember the scam where the banks charged people $3.00 a pop to withdraw their unemployment instead of just writing a check? That $3.00 is a rent, and now that the bubbles have burst, rents are one of the few ways big banks have of making -- make that "extracting" -- money from us, so expect more of it.
Now, the thing that really pisses off Big Money about Social Security is that they can't extract any rent from it. That's what's at stake right now.
Notice how it's the same deal with the insurance companies?