November 20, 2009
The inestimably stupid Dick Armey
OMG. I wish it was OK to beat stupid people senseless... if it was, I'd LOVE to introduce that fucktard Dick Armey's face to a hardcover copy of the Community Reinvestment Act since he's decided it (and not poor decision making at the banks) was the reason the banking industry melted down last year.
I guess Dick doesn't understand how easy it is for $600bn in liabilities to crush a mere $20 bn in equity (in the case of Lehman).
And thank you, Dr. Krugman, for nailing his ass. Yet again.
Posted by mcblogger at November 20, 2009 11:22 AM
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