It looks like the Pirates of the Bailed Out Institutions are in Washington getting grilled. The CEOs don't look like happy campers. But can you blame them? Pirates don't like the prospect of being held to account,or having to explain their loot. 
I was watching some of their testimony this morning. It's clear these guys don't get it. They actually tried to claim that they deserved their big salaries because of the phenomenal profits they enjoyed during the Bush years. That's like Blackbeard saying he deserved what he pillaged because the times were good and, besides, nobody caught him. I don't believe any of the CEOs arrived by private jet (I could be wrong). However, I wouldn't be surprised if they left Washington and crossed the Potomac like these Somali pirates ...
At the end of the day, the Pirate CEOs will get what they want. Why? Because to do otherwise will lead to a meltdown caused by their own stupidity. In real simple terms, this is what we're facing ...
- Mark
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