Fiscal Crisis and Media Spin: in three sentences

Every article on the fiscal crisis (including ones I wrote) is long, loooooong, and difficult to understand.

Basically, it is really simple, despite the media "experts" and our "public servants" pretending otherwise.

Lets make it real fucking simple, shall we?

On the Fiscal Crisis
From one of my favorite blogs, NakedCapitalism.com, somebody, an anonymous, made a brilliant comment in summing up all this shit:
So these were never real assets, just mark-to-market projected income and insurance gambles...

and rather than let them adjust their books to reflect their real assets...we're pumping taxpayer dollars into these companies to make the imaginary wealth real


Media and Politicians Spin:
Why didn't the SEC detect any of this, including the Madoff ponzi scheme?

Why isn't that question asked every fucking day on the media?


So lets simlpify, both the fiscal crisis and the media and politicians (Obama and the Congress) spin, in three fucking sentences:

Why are we pumping taxpayer dollars into these companies to make their imaginary wealth real?

Why didn't the SEC detect any of this, including the Madoff ponzi scheme?

Why aren't those questions asked every fucking day on the media, but instead we get the outrage de jour everyday?*

* bonuses, banks not lending, congress people getting angry about 0.0111% of the bailout money, etc etc etc etc etc etc...

Now feel free to explain it to people too confused by the CNBC, FOX, CNN, ABC, NBC, CBS spin about how "complicated" it all is, while the anchors and pundits use as many acronyms and financial terms as they can.

So, isn't the fiscal crisis and media manipulation very simple now?

I think so.