I have a question: Is this sentence some weird Freudian slippage, or is there actually some difference putting "these people in jail" and using "the legal system (by which) these people should be judged."
If it's the former: fun!
"Mobs are at the doors of bankers and others in the financial system, screaming to politicians to put these people in jail while the vote-seeking politicians are fanning the flames rather than reminding people that the legal system is the way these people should be judged."
Ferenc: <> <> Piece by Ray Dalio, founder of Bridgewater Associates, world's largest <> hedge fund: <> <> "We are in the midst of a deleveraging, we are nearly out of <> ammunition and we are at each other’s throats. Being in a deleveraging <> and nearly out of ammunition is a very difficult position to be in. <> But, being at each other’s throats is our biggest problem... <> <> "Frustrations increase, the established ways of doing things come <> under attack and frustrations over the ineffectiveness of government <> creates the perceived need for someone to gain control of the mess. <> Plato spoke of this dynamic. It was the reason Hitler was elected in <> 1933... <> <> "Regarding monetary policy, the mob is at the gates of the Federal <> Reserve and wants to grab control while those on the inside are in <> disagreement about what should be done. Fed chairman Ben Bernanke and <> those who helped him save the country from depression are now under <> siege. These challenges are being faced in different forms by most <> central banks at the same time as they are nearly out of ammunition – <> i.e., their capacities to ease are very limited because they cannot <> stimulate private credit creation and because they cannot get money in <> the hands of people who will spend it. For these reasons there is <> greater risk that central banks cannot save us as they have always <> saved us in the past... <> <> "Mobs are at the doors of bankers and others in the financial system, <> screaming to politicians to put these people in jail while the <> vote-seeking politicians are fanning the flames rather than reminding <> people that the legal system is the way these people should be <> judged." <> <> http://www.ft.com/intl/cms/s/0/ed4439d4-fbeb-11e0-9283-00144feab49a.html?ftcamp=rss#axzz1bubRDu7k <> ___________________________________ <> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk <>
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