Hey A Bit Of Sense

I loathe all "main street" references as nobody knows what the hell main street is anymore, unless perhaps there's a "main street" section of your local mall, but otherwise it's useful to see this in the news.

Two U.S. Treasury secretaries and Federal Reserve Chairman Ben S. Bernanke provided capital and cheap loans to banks during the last three years to help fuel an economic revival. It hasn’t worked out....“The political class is fixated on how the banking system caused the problem in the first place and therefore how it will have to cure it in the future -- that if you get the banks working again the economy works,” said Robert B. Albertson, chief strategist at Sandler O’Neill & Partners LP in New York. “It drives me into silly laughter. It’s the other way around.”

I suppose it should be no surprise that someone (Geithner) coming from the banking world would have thought it was indispensable. Fix the banks, fix the world was the belief. But they never thought through (or didn't care to) the true implications of what happened, that our banking system completely failed in its supposed purpose, that the people in charge therefore have no idea what the fuck they're doing.

Fix the banks, destroy the world is a more likely outcome.