“The only thing we have to fear is fear itself. Fear and negative equity … The two things we have to fear are fear itself and negative equity, and the depleted capital of financial institutions … Amongst the things we have to fear are fear itself, negative equity, and the depleted capital of financial institutions.”
The
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4tehlulz
NO ONE EXPECTS THE FINANCIAL INQUISITION!
TheFountainHead
NO ONE COULD HAVE SEEN THAT LINE COMING!!
Comrade Scrutinizer
Sweet.
SGEW
Since when did Krugman’s blog become the snarkiest thing on the internets? I mean, "All Your Bailout Are Belong To Me" and now brilliant M.P. take-offs?
I guess that the New Great Depression (GDII?) has really gotten to him. We’ll have to really worry about the economy when he starts rickrolling us.
John Cole
No one could have predicted the financial inquisition.
4tehlulz
Someone needs to tell McCain to shut the fuck up, before someone gets killed.
4tehlulz
One day, I will block quote correctly…..
chopper
woo, look at the market this morning.
Comrade Scrutinizer
@4tehlulz:
The ‘thugs are already rewriting the cause of this financial crisis: "mandated" loans to people who were bad credit risks, defaults on mortgage loans by welfare queens who eviscerated the global economy because of entitlements. We need people in front of the media now to explain in clear terms that the problem isn’t home loans to the poor, the problem is a combination of speculation in the housing markets, predatory lending and a quasi-Ponzi scheme of totally unregulated mortgage derivatives that led to ridiculously overleveraged financial markets. Allowing the ‘thugs their narrative will make reform and re-regulation all that much more difficult. Already we’re hearing things like: "The problem isn’t free market capitalism, the problem is that the Democrats perverted the free market."
The Dems need to break out the comfy chair and the Sternly Worded Letter(tm).
Pastafarian
I am familiar with all Financial Inquisition traditions.
Quaker in a Basement
That inquisition gag just never gets old, doe it?
Zifnab
Tie up the bankers and poke them with…. the soft cushions!
Take that! And that! And… oh this is so terribly embarrassing but do play along… that! A-hahahaha.