Today, for example, the U.S. announced its intention to extend its power to seize non-bank financial companies. “… it’s a necessary thing for any government to have a broader range of tools for dealing with these kinds of things, so you can protect the economy from the kind of risks posed by institutions that get to the point where they’re systemic,” said Geithner.
A Major Rule of the Scheme
An important rule in the Cheburashka scheme is to pretend that the whole thing is routine and insignificant. Like using innocent-sounding words (”tools”) when taking away your basic liberties. What comes to your mind? A screwdriver? A hammer? Sickle and hammer? Remember Bush’s: “One of the most important tools to combat terror is the Patriot Act?” You do want the country to be protected, don’t you?
Now Obama’s publicani are asking for tools. Do you want the economy protected? “Did you see Cheburashka?”
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Cheburashka image from here.
March 24, 2009
Zak Maymin. [send him mail] is former professor of mathematics and a hedge fund manager, editor of publicani.com, and author of Publicani.
Copyright © 2009 by Zak Maymin. Permission to reprint in whole or in part is gladly granted, provided full credit is given.
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