We cannot possibly allow the GOVERNMENT, which is run by POLITICIANS, to take any control over failed banks, because that would displease the GODS OF THE MARKETPLACE.
That's a pretty good "shorter" for a lot of the commentary on the current meltdown, and not only from wingnuttia. It's weirdly religious in nature, while being at the same time about money and power and of course ego.
Which is incredibly dangerous, sure, but does have an upside. Namely, when times are tough and the faithful wavering, the priest will scream out any damn silly thing that pops in their heads to keep the flock from straying. And that can be funny!
To wit. Here is a Caroline Baum column making the case that while Wall street execs have failed massively, the government should do nothing. Why? Well, according to "Jim Bianco, president of Bianco Research in Chicago":
I hope to Christ Bianco doesn't have any teenagers himself, because eventually one of his kids is going to get wasted and crash his car into the back of a school bus, and Bianco's solution will be to bail him out and buy him another Camaro.
Which is essentially of course what's happening. Even the people in the government are priests of the Market, because that's where they came from, the Market, and they don't truly believe deep down in what passes for their souls that the government can do anything about the crisis either. So all they're doing is buying more booze and Camaros and doing donuts on your lawn. With your money.
So, in conclusion, we're all fucked because of crazy drunken teenaged priests using your credit cards to buy each other Camaros.
