Monday, April 27, 2009

Actually, Opaqueness is Greatly Underrated



Listen, all a’ yez. When we talk about transparency, we mean what de private sector owes to everybody else. Your government don’t need to be a goldfish bowl, ‘cuz dere’s lots a’ stuff youse little people wouldn’t understand, see? Don’t worry your little heads about de details, ‘cuz you're in good hands. If, ever now an’ again, we gotta force some TARP jack down a banker’s throat, it’s good for him. And if we gotta make him take a few billions in losses, why make de stockholders all jittery, ya know? We got de best interests of de country at heart, so your job as citizens is to shaddap and play ball. Remember: when we want your opinion, we'll give it to yez.

4 comments:

Anonymous said...

They're doing the same thing to GM's bondholders. They'll get ten percent, but the UAW gets more than three times as much.

Retread

RebeccaH said...

The cavalier use of brute government force has become routine...And how long are we going to put up with it?

bruce said...

Here in Sydney in a beachside suburb our Lebanese-Australian brethren are perhaps once again demonstrating their innovative competitive business methods:

http://www.news.com.au/dailytelegraph/story/0,22049,25403039-5001021,00.html

- Unconfirmed reports indicate that Arab businessmen already established in that area deal harshly with newcomers who lack the right connections.

As we say, 'You have to laugh'...

Paco said...

Bruce: Sounds like a slight case of "restraint of trade."