A very down-to-earth friend with a great deal of common sense today observed that the only difference between fallen investment guru Bernard Madoff and Treasury Secretary Henry Paulson is that Paulson can use the government printing presses to turn out an inexhaustible flow of dollars.
Madoff's schemes were costly for those gullible enough to place their faith in what appears to have been a Ponzi scheme of epic proportions. But those losses are minuscule compared to those that the cheapening of our currency is inflicting on those who prudently or foolishly have saved anything and on yet unborn generations who ultimately will have to pay for his delusions of adequacy to deal with the financial crisis that he, his Wall Street buddies, and the government created.
As I've stated previously, a self respecting citizenry long ago would have gathered in Washington with pitchforks and torches, and hanged or, at the very least, coated with tar and feathers and ridden out on a rail all of the federal government's office holders.
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