The Myth of the ‘Credit Crunch’

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Credit markets are functioning just fine, here and all over the world, despite the hysterical Keynesian propaganda. Only the prudent and creditworthy can get loans, of course, but why should it be any other way? We’re in trouble party because it wasn’t. So why, then, are Beranke, Paulson, and the rest of the gang lying? To attempt to justify their ripping the rest of us off for the state’s favored big banks. It’s business as usual, in other words, in the District of Parasites. (Thanks to Brad Funkhouser)

UPDATE from Andrew Murphy:

This needs to be shouted from the tops of all roofs in this country. Nobody knows this. I am in the financial services business and nearly everybody (i.e. general public) thinks exactly the opposite.

I am not a fan of Noam Chomsky, but this “crisis” manufactured by the Fed and bought into hook line and sinker by the corporate media, makes you think about Chomsky’s “Manufacturing Consent” thesis, doesn’t it?

9:32 am on December 12, 2008