Reputation

mussolini strung up
Originally uploaded by Phalanx.

Reputation, reputation, reputation! O, I have lost my reputation! I have lost the immortal part of myself, and what remains is bestial. My reputation, Iago, my reputation!
-- Othello, Act 2 scene 3

On the front page of Tuesday or Wednesday's Wall Street Journal was about Alan Greenspan and the besmirching of his reputation in the wake of the credit crisis that took roots during his sixteen year tenure as the most powerful banker on the planet.

I’m quite neutral on Alan (except I don’t think he should have orchestrated the bail-out of the Asian Contagion in 1997), but I don’t recall the overall (or even majority) Conventional Wisdom or Consensus being that Greenspan was butt-fucking the economy during the Clinton boom years or the years directly after 9/11 with lax controls financial institution controls and allowing damn near free money (for those with good credit). It seems to me, as it always seems in these situations, that the Wall Street Black Ops units and their Satan-spawned cousins in the mortgage banking industry concocted up some devilish ass shit to peddle to the consumers on Main Street (and in the rest of the world) – which as always made the rich more rich, and arranged for the future (i.e. now!) castration of the middle classes and the working poor; those who are fucking dirt poor probably don’t see much difference to what’s going – they’re used to the struggle, so…

I would say that the Securities and Exchange Commission and the Republican controlled Congress over the past sixteen years should be held responsible. Scapegoat those bitches, if you need to scapegoat somebody for fuck’s sake.

You honestly think mutahfuckas like Jack Ambramoff and others of his politically-bribing ilk didn’t make hella cash off of all the houses and condos that we sold to bitches wanting a piece of the AmeriKKKan dream? Regardless if they could afford said Dream; in fact, in spite of the fact that these living-beyond-their-means muthafuckas just wanted more and more … to look good in expensive ass shit that they don’t need, courtesy of Madison Ave. without thinking about how shit can’t go gangbusters forever.

Greenspan needs to worry about the value of his fortune, as it’s just going to get depleted and depleted as the America he presided over swings into a protracted recession, nay, depression the likes we haven’t seen in 80 years…

Speaking of Reptuation… I don’t think all these airlines that are getting grounded is for “maintenance issues”, I think there is some terrorism shit underfoot and this is the smokescreen. They’re all taking too much of a financial ass-beating for it to be just FAA potential violations (American grounded 1000 flights!)