A little levity from the Colbert Report with guest host Maria Bartiromo. My kids were watching this with me last night and loved it.

Memorable quote from Colbert:

Should I invest in paper bags for panicky people to breath in to until this thing blows over?

My attempt at Colbert paraphrasing – A free market should allow business to do whatever they want, including making a lot of bad decisions and then wait for the government to bail them out. But it is very important for business to make really big mistakes because the government only bails out the ones who screw up the most.

Sounds funny, but good grief, insanity still rules the night.


Tags: ,


One Response to “[Colbert Perspective] Zombie Stockbrokers Rule The Night”

  1. Edd C Gillespie says:

    “My attempt at Colbert paraphrasing – A free market should allow business to do whatever they want, including making a lot of bad decisions and then wait for the government to bail them out. But it is very important for business to make really big mistakes because the government only bails out the ones who screw up the most.”

    I heard we now havw privatised profit and socialized loss for the lending industry. Too darned bad the people have no one representing them in all of this. Bush said he couldn’t let the market self correct and intervened because the little guy would get hurt. Yuk, Yuk. Who do you think is paying for this? Bush? I really got the impression from the way he spoke that he had no idea all of this was going on and still doesn’t understand it. I guess understanding what is going is really not one of the things that interests him though.

    The pundits say this started with Carter. I say it started with Keynes.