Friday, September 19, 2008


This week, a dozen crackheads walked into Wall Street and warned them about withdrawal symptoms. The Fed and the Treasury said that would be terrible and so gave them all 1/2 of the needed hit. And promised the dealers they would cover future needs.

Congratulations. The rest of Wall Street cheered that the crackheads would be mollified, and celebrated.

Update: I do consider the cure to be worse than the disease.

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