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Being a Scandinavian-American and having spent half of my life in colder climates, I always looked forward to Groundhogs Day as the halfway point towards spring, midway between winter solstice and March 21st.
This winter has been especially long, with the bitter-chill of depression keeping so many of us as financial-prisoners in our own houses. The financial geniuses who caused this depression are busy cashing their bonuses and taking winter retreats in warmer climes while they dream of ways to hoodwink their next victims, increase their profits and retire early to some scam-friendly island or other. The best way to ensure that their plans go awry is to nationalize the banking industry.
They say that banking is too complex for citizens to handle, so we need some experts to do it all for us. These so-called experts have formed an exclusive private club which only allows the banking establishment, Congress and pro-banking advocates to decide policy. This arrangement has resulted in yet another great depression. Punxsutawny Phil would have done a better job of predicting this financial meltdown than the banking regulators.
Phil will tell us whether winter will be six weeks longer or less. The regulators wonder how the cronyism which created our banking system can be further propped up to avoid arctic winter. Let's send the dishonest bankers packing, fire the regulators, put Congress on unemployment, hire the few honest bankers who were not a party to this fiscal debacle and put them to work running our federal bank. Maybe with our bankers working for us instead of against us, we will stand half a chance of avoiding a permanent Ice Age.
