The system works! Bear Stearns in trouble

Meanwhile, Bush says he's "confident that the economy will improve soon". Well of course he is. He knows absolutely nothing about how it works.

5 Responses to “The system works! Bear Stearns in trouble”

GDP69 on March 14th, 2008 9:51 pm

the champion's league's the day's story…
anyone else got 3 apostrophes into 4 words today?
Tom on March 15th, 2008 10:13 am

N'o
Daniel Valls on March 16th, 2008 11:31 am

Iraq has weapons of mass destruction - Mission accomplished - The economy is getting better , Go Bush Go!!
Bilingual Blogger on March 18th, 2008 9:07 am

I agree with Daniel…whatever Bush says, believe the opposite. And regarding your headline, that the system works, I'm not so sure about that. Those Bear Stearns shareholders and employees who saw the value of their shares wiped out overnight might not agree with you. Bear Stearns gets sold off at an astonishing discount and then JPMorgan gets a government handout to clean up the mess. If the system worked, Bear Stearns would never have gotten so over leveraged.
Tom on March 18th, 2008 9:12 am

Bilingual Blogger - 'The system works!' was intended to be a mocking version of the shrill claims you'll hear coming out of other blogs. I'm all too aware that the system does not, in fact, work.

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