Silicon Graffiti: "In Dodd We Trust?"

In his 2001 book, The CEO of the Sofa, P.J. O'Rourke wrote:

"The founding fathers, in their wisdom, devised a method by which our republic can take 100 of its most prominent numskulls and keep them out of the private sector where they might do actual harm."

But of course, with every new bailout, the Senate is becoming further and further intertwined with the public sector, and doing enormous harm. As Frank Martin noted in a recent post on his Varifrank blog, "This is how it ends. As of right now, the Senate IS the banking system."

Hence the subject of my newest Silicon Graffiti, which begins with (a little help from the cartoon plug-in After Effects CS4) with a parody of Charles Schwab's 2007 ad campaign:

http://www.youtube.com/watch?v=RTsg9-JOogI

Then an exploration of the auto bailout, and the banking bailout. And the good old days (by comparison), when Congress would look at a giant corporation and decide the best way to break it up, not prop it up. When it was wasn't defaulting on its own debts, of course.

This is our 23rd edition of Silicon Graffiti,which began in January of this year--you can explore the back catalog, by starting here and scrolling through:

http://eddriscoll.com/archives/cat_ed_tv.php

Category:

News & Politics

Tags:

• Chris Dodd
• Fannie Mae
• Freddie Mac
• Mortgage
• Financial Crisis
• Driscoll
• commentary analysis
• Auto bailout