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The New Magic Kingdom

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Let’s buy some Lehman Brothers' stock, it’s higher now than it was on Friday! Or maybe some Ford or GM stock, it’s up on the rate cut news, and Visa is about to have a new IPO and there are fears that there won’t be enough to go around. It’s hard to imagine another time when reality was so routinely ignored, where fantasy rules as fact. Well then, let's all get onboard the monorail to fantasyland!

Dear Mr. Bernanke,
Find enclosed a list of my debts for which I am now currently delinquent. Please take note of the dollar amounts and send me the equivalent amounts in Treasury securities to the enclosed address. Your attention to this matter at your earliest convenience would be much appreciated.

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I was born and raised in Chicago in a liberal Democratic home my Grandfather was a labor union organizer my Father a Democratic district committeeman my Mother was an election judge. My earliest memories were of passing out Kennedy yard signs from (more...)
 

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