Relevant:
- Jim Grant: "The Federal Reserve Is The Vampire Squid Of Vampire Squids"
- Goldman Sachs Isn't A Loathsome Vampire Squid Anymore
- JPMorgan Chase: The Great White Whale Of The Global Economy
- Organised sinners: Goldman Sachs is accused of 'the big short' that inflamed a global meltdown
- Einhorn says Tesla is ‘reminiscent of the March 2000 dotcom bubble'; Favors GM
2012-05-04 — wallstreetexaminer.com
The chorus against the Fed Bubble continues apace as David Einhorn rips Fed's jelly donuts policies. Rick Santelli and Fed apologist Steve Leisman discuss the Einhorn's statement. These exchanges have gone on for a few years, except now Leisman really seems to be on the defensive in a crackpot blathering rancid stale bread kind of way. Next up is Ron Paul with a classic essay, calling central bankers, "intellectually bankrupt". James Grant takes the opportunity to take another shot with strong langauge, "The Federal Reserve is the giant squid of squids, it is the vampire squid of vampire squids." This is no mercy stuff, and I think is marking the point when at last the curtain is being pulled back.
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