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	<title>Comments on: To Bow or Not to Bow to Wall Street</title>
	<atom:link href="http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/feed/" rel="self" type="application/rss+xml" />
	<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/</link>
	<description>Firedoglake weblog</description>
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		<title>By: PPDCUS</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862961</link>
		<dc:creator>PPDCUS</dc:creator>
		<pubDate>Sun, 22 Mar 2009 19:07:19 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862961</guid>
		<description>&lt;p&gt;Yesterday, Frank Rich described this window as &lt;a href=&quot;http://www.nytimes.com/2009/03/22/opinion/22rich.html?_r=3&quot; rel=&quot;nofollow&quot;&gt;Obama’s Katrina Moment&lt;/a&gt;.&lt;/p&gt;
&lt;p&gt;Just a thought:  Gettysburg was a horrific battle on the long road to Appomatox.  In the face of today’s systemic threats, can we make the same journey without commensurate economic and social carnage?&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Yesterday, Frank Rich described this window as <a href="http://www.nytimes.com/2009/03/22/opinion/22rich.html?_r=3" rel="nofollow">Obama’s Katrina Moment</a>.</p>
<p>Just a thought:  Gettysburg was a horrific battle on the long road to Appomatox.  In the face of today’s systemic threats, can we make the same journey without commensurate economic and social carnage?</p>
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		<title>By: stratocruiser</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862949</link>
		<dc:creator>stratocruiser</dc:creator>
		<pubDate>Sun, 22 Mar 2009 18:49:55 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862949</guid>
		<description>&lt;p&gt;I don’t understand satire? Mister, I &lt;strike&gt;wrote&lt;/strike&gt; read &lt;strike&gt;the&lt;/strike&gt; a &lt;strike&gt;book&lt;/strike&gt; magazine article &lt;strike&gt;blurb&lt;/strike&gt; precis on &lt;strike&gt;satyrs&lt;/strike&gt; satire &lt;strike&gt;or something&lt;/strike&gt;.&lt;br /&gt;
 Sometimes, life has no laughtrack. You just have to figure it out for yourself.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>I don’t understand satire? Mister, I <strike>wrote</strike> read <strike>the</strike> a <strike>book</strike> magazine article <strike>blurb</strike> precis on <strike>satyrs</strike> satire <strike>or something</strike>.<br />
 Sometimes, life has no laughtrack. You just have to figure it out for yourself.</p>
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		<title>By: PPDCUS</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862937</link>
		<dc:creator>PPDCUS</dc:creator>
		<pubDate>Sun, 22 Mar 2009 18:32:30 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862937</guid>
		<description>&lt;p&gt;AIG is just the latest outbreak of global economic dystrophy, Hugh.&lt;/p&gt;
&lt;p&gt;When the masters of the universe can claim plausible deniability, and their minions can plead that they were only following orders, we get a system where accuracy and fact based analysis are enemies of the state.&lt;br /&gt;
This toxic form of accountability will persist until enough people declare ENOUGH.  No amount of PR about restoring consumer confidence will cure this malaise.&lt;/p&gt;
&lt;p&gt;For now, Elizabeth Warren is the only official that I trust in D.C.  She’s our voice from the wilderness inside the temple.  Watching Frontline’s 2004 expose of the &lt;a href=&quot;http://www.pbs.org/wgbh/pages/frontline/video/flv/generic.html?s=frol02p7a&amp;continuous=1&quot; rel=&quot;nofollow&quot;&gt;credit card industry&lt;/a&gt;, which featured Warren, the next shoe to drop in 2009 was described in excruciating detail.  Nothing has changed since then except enactment of the Orwellian Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. &lt;/p&gt;
&lt;p&gt;Obama has a very small window before the next election cycle crashes into the $3 billion a day deficit.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>AIG is just the latest outbreak of global economic dystrophy, Hugh.</p>
<p>When the masters of the universe can claim plausible deniability, and their minions can plead that they were only following orders, we get a system where accuracy and fact based analysis are enemies of the state.<br />
This toxic form of accountability will persist until enough people declare ENOUGH.  No amount of PR about restoring consumer confidence will cure this malaise.</p>
<p>For now, Elizabeth Warren is the only official that I trust in D.C.  She’s our voice from the wilderness inside the temple.  Watching Frontline’s 2004 expose of the <a href="http://www.pbs.org/wgbh/pages/frontline/video/flv/generic.html?s=frol02p7a&amp;continuous=1" rel="nofollow">credit card industry</a>, which featured Warren, the next shoe to drop in 2009 was described in excruciating detail.  Nothing has changed since then except enactment of the Orwellian Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. </p>
<p>Obama has a very small window before the next election cycle crashes into the $3 billion a day deficit.</p>
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		<title>By: BruceWebb</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862928</link>
		<dc:creator>BruceWebb</dc:creator>
		<pubDate>Sun, 22 Mar 2009 18:05:46 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862928</guid>
		<description>&lt;p&gt;This suggests you don’t understand satire well.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>This suggests you don’t understand satire well.</p>
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		<title>By: stratocruiser</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862894</link>
		<dc:creator>stratocruiser</dc:creator>
		<pubDate>Sun, 22 Mar 2009 17:26:52 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862894</guid>
		<description>&lt;p&gt;Sometimes, I think if snark tags are needed, I’m in the wrong place.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Sometimes, I think if snark tags are needed, I’m in the wrong place.</p>
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		<title>By: earlofhuntingdon</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862886</link>
		<dc:creator>earlofhuntingdon</dc:creator>
		<pubDate>Sun, 22 Mar 2009 17:20:07 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862886</guid>
		<description>&lt;p&gt;McKinley was much like George Bush, starting early.  He “voluntarily” left his undergraduate college because he had walked a cow to the top of its administration building’s carillon tower.  Cows famously refuse to walk down stairs and its fate mirrored the white horse’s in &lt;em&gt;Animal House&lt;/em&gt;.  A fitting analogy for Mr. Bush, for whom being frat president was his greatest positive accomplishment.  &lt;/p&gt;
&lt;p&gt;I dearly hope that Mr. Obama has his sights set on finer accomplishments.  If so, as Lincoln did with McClellan, he will have to let Mr. Summers and Mr. Geithner go.  Or the economy will be his Gettysburg, not his Appomattox.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>McKinley was much like George Bush, starting early.  He “voluntarily” left his undergraduate college because he had walked a cow to the top of its administration building’s carillon tower.  Cows famously refuse to walk down stairs and its fate mirrored the white horse’s in <em>Animal House</em>.  A fitting analogy for Mr. Bush, for whom being frat president was his greatest positive accomplishment.  </p>
<p>I dearly hope that Mr. Obama has his sights set on finer accomplishments.  If so, as Lincoln did with McClellan, he will have to let Mr. Summers and Mr. Geithner go.  Or the economy will be his Gettysburg, not his Appomattox.</p>
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		<title>By: SanderO</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862875</link>
		<dc:creator>SanderO</dc:creator>
		<pubDate>Sun, 22 Mar 2009 17:03:18 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862875</guid>
		<description>&lt;p&gt;They know what they are up against because “they” engineered the system which has gone out of control.  But they also don’t want to panic the public and run the banks.  That is their worst nightmare - a banking system which no one trusts anymore.&lt;/p&gt;
&lt;p&gt;Hence they are sliding into this not revealing the truth, because they fear the consequences and are trying to incrementally fix the mess.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>They know what they are up against because “they” engineered the system which has gone out of control.  But they also don’t want to panic the public and run the banks.  That is their worst nightmare &#8211; a banking system which no one trusts anymore.</p>
<p>Hence they are sliding into this not revealing the truth, because they fear the consequences and are trying to incrementally fix the mess.</p>
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		<title>By: klynn</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862870</link>
		<dc:creator>klynn</dc:creator>
		<pubDate>Sun, 22 Mar 2009 16:58:27 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862870</guid>
		<description>&lt;p&gt;Jane,&lt;/p&gt;
&lt;p&gt;I know you had the suggestion box up yesterday.  I am going to make a suggestion here.&lt;/p&gt;
&lt;p&gt;All the guest posts on the economy have been some of the best salons I have read (along with the comments).  Could you put up a box on the right (like EW’s timeline reference box) that lists the archives of these posts for all of us to visit and send friends to read? A print option of them would be great too.&lt;/p&gt;
&lt;p&gt;In the last two weeks, I have sent more people here since the FISA debate. The resources here have been the filter to the MSM on the economic reality and have played a big role in building a grassroots movement IRT the economy.&lt;/p&gt;
&lt;p&gt;I won over a crowd last weekend (all Repugs who watch the typical talking heads) at a local hardware store - just by chance. (It’s a fun story.)  I got asked to meet them at the hardware store again today to talk solid economic empowerment of the people.&lt;/p&gt;
&lt;p&gt;So, many will come here today to read this post.&lt;/p&gt;
&lt;p&gt;Keep up the empowering efforts FDL!&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Jane,</p>
<p>I know you had the suggestion box up yesterday.  I am going to make a suggestion here.</p>
<p>All the guest posts on the economy have been some of the best salons I have read (along with the comments).  Could you put up a box on the right (like EW’s timeline reference box) that lists the archives of these posts for all of us to visit and send friends to read? A print option of them would be great too.</p>
<p>In the last two weeks, I have sent more people here since the FISA debate. The resources here have been the filter to the MSM on the economic reality and have played a big role in building a grassroots movement IRT the economy.</p>
<p>I won over a crowd last weekend (all Repugs who watch the typical talking heads) at a local hardware store &#8211; just by chance. (It’s a fun story.)  I got asked to meet them at the hardware store again today to talk solid economic empowerment of the people.</p>
<p>So, many will come here today to read this post.</p>
<p>Keep up the empowering efforts FDL!</p>
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		<title>By: John Anderson</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862868</link>
		<dc:creator>John Anderson</dc:creator>
		<pubDate>Sun, 22 Mar 2009 16:57:18 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862868</guid>
		<description>&lt;p&gt;Time for a break. &lt;/p&gt;
&lt;p&gt;But not being the owner of a famous Bordeaux chateau–or even a nice little domaine en Bourgogne–I will have to content myself with soup, salad–and coffee. &lt;/p&gt;
&lt;p&gt;Thanks for attending the lecture, Pups! You were, as always, a wonderful audience. Cheers! &lt;/p&gt;
&lt;p&gt;j&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Time for a break. </p>
<p>But not being the owner of a famous Bordeaux chateau–or even a nice little domaine en Bourgogne–I will have to content myself with soup, salad–and coffee. </p>
<p>Thanks for attending the lecture, Pups! You were, as always, a wonderful audience. Cheers! </p>
<p>j</p>
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		<title>By: John Anderson</title>
		<link>http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862867</link>
		<dc:creator>John Anderson</dc:creator>
		<pubDate>Sun, 22 Mar 2009 16:55:08 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/03/22/to-bow-or-not-to-bow-to-wall-street/#comment-1862867</guid>
		<description>&lt;p&gt;Right. Which is another reason I keep scratching my head about the administration’s response.&lt;br /&gt;
We do have a model. And we know what worked–and what didn’t work–back then. &lt;/p&gt;
&lt;p&gt;We know, very well, for example, that Roosevelt made a terrible mistake in tightening the economic screws too soon, early in second term. &lt;/p&gt;
&lt;p&gt;Another history lesson: FDR paid for it too. Big time. In 1938, he lost his super-majorities in the both houses of Congress.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Right. Which is another reason I keep scratching my head about the administration’s response.<br />
We do have a model. And we know what worked–and what didn’t work–back then. </p>
<p>We know, very well, for example, that Roosevelt made a terrible mistake in tightening the economic screws too soon, early in second term. </p>
<p>Another history lesson: FDR paid for it too. Big time. In 1938, he lost his super-majorities in the both houses of Congress.</p>
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