In case anyone missed it, Nomi Prins chatted at FDL on Thursday Talking Economic Accountability.

In terms of messaging, this quote from Nomi crystallized the obscene unfairness of federal actions:


"I think we have to look at the public stimulus, and the bank bailout separately. And, when I say bank bailout, I’m referring to $12 trillion worth of loans, federal reserve facilities, extra credit lines to the FDIC to keep up, and everything else (I have an excel spreadsheet of the breakdown I’m putting in the book if anyone wants to see it).  

The public stimulus is too small, the bank bailout is too large, plus the financial system is not really being reined in, despite all the talk of regulatory reform. so, I don’t see it getting better any time soon. I see it getting much worse."

Hugh has been explaining the macro issues for a long time.

It is my understanding that all the outstanding mortgages in the U.S. do not add up to $12 trillion.

After the super rich caused this crisis with "casino capitalism," Wrongway Geithner is carrying on Paulson's plan to bail them out with taxpayer dollars. This concentrates an even higher percentage of U.S. GDP and positions the super rich to do even more damage.

.

Whatever, I guess.  They won ... you lost.

.