[lbo-talk] Roubini, March 5

[Mark Bennett]

I enjoy this sort of thing immensely myself, but I don't think fear of
exposure is high on list of the monied-class' collective mind, presuming
there is such a thing.  Anyone who cares about the fraud has been aware of
it for a long time; those who don't care never will, no matter what
happens.  I don't think that there is anything that the monied-class could
do that would disturb the faith in the "system" possessed by the
ditto-heads, free marketeers, and assorted swine that constitute most of the
American population.  I'm sure everyone on this list has had innumerable
conversations with such people and has seen the overwhelming intransigence
that greets any criticism of The Great God Market.

On Sat, Mar 14, 2009 at 12:30 AM, Chuck Grimes <cgrimes at rawbw.com> wrote:


> I guess they don't call this guy Dr. Doom for nothing. I have no idea
> why I get giddy reading this kind of shit. Well, I do know. I am so
> tired of the happy face shoved in my face for decades about the great
> US economy, which was been a farce for as long as I can remember, so I
> just naturally gravitate to the dark side.
>
> Charles posted this over on Pen-l where I read it. Whatever the value
> of the appraisal, it illustrates, I think, what the establishment or
> corporate elite are worried about. Sure they worry about losing their
> money, but I'll bet there is another sort of fear, fear of public
> exposure of what a fraud the whole game has been. So the Obama team is
> praying they can save the fraud, and thereby save their own
> ideological foundations. Indeed, a crisis of confidence. Let's throw
> money at it, maybe it will go away if we don't ask and don't tell...
>
> CA
> ---------------
>