“Ultimately the biggest winners may be those who finance municipal and state debt. Owing his election to the fiscal failures of New York, Illinois and California, Obama could have to use his executive power to forestall looming bankruptcies at the local and even state level. Ironically the biggest winner here in the crony capitalist sweepstakes will be firms like Goldman Sachs, who turned so vehemently against Obama, but have historically made much of their money on financing government operations. Some people never seem to lose no matter what the result of the election.”
(Visited 41 times, 1 visits today)
Related posts:
Gold: Dead Cat Or Raging Bull?
On To Timbuktu II
Whole Foods Co-CEO: Unintended Consequences in Health-Care Law
Here’s a risk to stocks you’ve likely overlooked
Thomas Drake: Snowden saw what I saw - surveillance criminally subverting the constitution
Jacob Hornberger: The Biggest Threat to Our Country
Sabotaging Peace in Korea
Congress Should Veto Obama's War
Jeffrey Tucker: How to Fake a Fast Food Strike
Negative mortgage rates in Denmark; $3.6 trillion of negative yield debt
The NSA is giving your phone records to the DEA. And the DEA is covering it up.
The Ideology Behind “So What You’re Saying Is...”
Eric Margolis: Storm On The Nile
Cypriot Chaos Assists EU Centralization
Saddam Hussein and al-Qaeda link allegations - 2008 Pentagon report