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You are here: Home / Politics / Domestic Politics / The Spanish Financial Inquisition

The Spanish Financial Inquisition

by Michael D.|  October 10, 20087:23 am| 12 Comments

This post is in: Domestic Politics

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“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.”

Krugman

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Reader Interactions

12Comments

  1. 1.

    4tehlulz

    October 10, 2008 at 7:34 am

    NO ONE EXPECTS THE FINANCIAL INQUISITION!

  2. 2.

    TheFountainHead

    October 10, 2008 at 7:36 am

    NO ONE EXPECTS THE FINANCIAL INQUISITION!

    NO ONE COULD HAVE SEEN THAT LINE COMING!!

  3. 3.

    Comrade Scrutinizer

    October 10, 2008 at 7:44 am

    Sweet.

  4. 4.

    SGEW

    October 10, 2008 at 7:47 am

    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.

  5. 5.

    John Cole

    October 10, 2008 at 7:54 am

    No one could have predicted the financial inquisition.

  6. 6.

    4tehlulz

    October 10, 2008 at 7:54 am

    Someone needs to tell McCain to shut the fuck up, before someone gets killed.

    Audience member: Will you assure us that as president you will take immediate action to investigate, prosecute and name the names of the people actually responsible?

    McCain: I will. And it is already a matter of record that members, Democrat members of Congress fought against reform and it is a matter of record and hearings that they said everything was fine. Senator Obama a year ago said that these kinds of subprime loans are, quote, fine with him. And the fact is that the same people that are now claiming credit for this rescue are the same ones that were willing co-conspirators in causing this problem that it is. And you know their names. And you will know more of their names. Congressman Barney Frank and Senator Chris Dodd are two of them.

  7. 7.

    4tehlulz

    October 10, 2008 at 7:59 am

    One day, I will block quote correctly…..

  8. 8.

    chopper

    October 10, 2008 at 8:37 am

    woo, look at the market this morning.

  9. 9.

    Comrade Scrutinizer

    October 10, 2008 at 8:39 am

    @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).

  10. 10.

    Pastafarian

    October 10, 2008 at 11:06 am

    I am familiar with all Financial Inquisition traditions.

  11. 11.

    Quaker in a Basement

    October 10, 2008 at 2:25 pm

    That inquisition gag just never gets old, doe it?

  12. 12.

    Zifnab

    October 10, 2008 at 2:31 pm

    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.

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