NYT put 11 reporters on this story and they all missed the mismatched balance sheets of the institutions in trouble, they failed to point out that while Bernanke is begging for $700 billion, the Fed can print $700 billion everyday if it wants to, and they failed to point out the immediate cause of the crisis--Bernanke's crashing of the money supply over the last four months.
This week an NYT blogger, Tom Kuntz, visits the Wall Street jungle, calls out EPJ and declares Goldman isn't the lion of the jungle and that it is, I guess, a meek kitten and that all this and this is just coincidence.
Go ahead,Tom, pet the pretty kitty.
Go ahead,Tom, pet the pretty kitty.
As usual, all they do to refute legitimate concerns is put the word "conspiracy" in quote marks a few times.
ReplyDeleteI never read that piece of trash anymore.