She is woman, hear her roar!

If you skimmed past Insty’s link to this jaw-dropping missive, I highly recommend it.  This is an outraged, moral hedge broker who shut down her fund.  Why? To protect her clients from remorseless thieves…our government and its cronies.

If we could hot-swap Ann for Eric Holder, America’s chances for survival would be vastly improved.

About the bailouts, I’d never say, “I told you so”.  You guys weren’t fooled either.  Of course we’re not “trained economists” like Megan McArdle.  But as the glorious Ms. Barnhardt said in her missive,

Let’s not sugar-coat this or make this crime seem “complex” and “abstract” by drowning ourselves in six-dollar words and uber-technical jargon.  Jon Corzine STOLE the customer cash at MF Global.

So I do want to say: “I told you so the best”.  Economists spewed “six-dollar words and uber-technical jargon” to justify those bailouts.  The wormy diagnosis was a bit simpler.  (Though it also branced out into a nautical theme.) 

If that first analogy isn’t the best dad-blasted one on the subject, you must share your paragon of parables.

“Gangrene versus amputation”.  Market adjustment is amputation, the loss of economic limbs.  It’s not something to take lightly. But even if the collapse was as bad Megan & Co. feared…amputation would still have been the right treatment.  Because when you leave a gangrenous member in place for dread of its loss…when it’s “too big to fail”…you feed Corzine corruption.  (On second thought, strike-out that strike-out.) 

Maybe letting the next batch of institutions fail will wreck the entire global economy.  Maybe by now it requires amputation at the waist.  If so, the whole thing is on the deathbed anyway, gasping its last.  So, no more bailouts.

Because the economy will remain diseased until we cut the markets loose and cut Corzine out.  Him, and the rest of the filthy rot. 

P.S.–Apparently I’ve fallen in love.

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About wormme

I've accepted that all of you are socially superior to me. But no pretending that any of you are rational.
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8 Responses to She is woman, hear her roar!

  1. seen any of her videos? she is engaging.

  2. sharmajee says:

    I admire that lady’s courage and confidence. More power to her!!

  3. Xpat says:

    In my view, she does financial crises better than she does culture wars.

    • wormme says:

      She is a bit “over-the-top” in her commentary. At least, hopefully. If not, I’m woefully understocked on canned foods and shotguns.

      • Xpat says:

        I’ve gone back over her MF Global letter

        As someone who sort of evolved into conservatism but was born and bred in a liberal milieu, maybe I’m sensitive to certain tonal registers, but I think there’s a lesson here in how not to shoot yourself in the foot when you’re making a super important point.

        In the excerpt I read, she seems to be going along fine until Tourette’s kicks in and she says stuff like this:

        “Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise.”
        (bold my own)

        No, she shouldn’t say that, because (cf Worme’s comment), yes, it’s over the top, and technically untrue (Obama has not formally embraced Marxism in any public statement that I know of), hence easily disprovable and hence undercuts everything else she’s saying. Obama is not technically a Marxist, therefore maybe the system is not corrupt, and therefore maybe Corzine did not steal money. See? You throw something formally untrue into the mix with things that are true, and suddenly all things are in doubt.

        ” The rule of law is non-existent, instead replaced with godless, criminal political cronyism.” (bold my own)

        I’m a religious person, even a religiously orthodox person. There’s a place to discuss God and godlessness. It’s not in the middle of a financial report. (i.e. I’d trust a trustworthy atheist with my money before I’d trust Jimmy Swaggart.) It’s off tone and off topic, and undercuts everything else that is said.

        Maybe I’m nitpicking, but this is why a lot of otherwise serious conservatives can’t get themselves elected. Just as liberals are often astoundingly tone deaf to how arrogant, smug and smarmy they can sound, conservatives are often astoundingly tone deaf to how fanatical they can sound.

  4. SDH says:

    She’s got the crazy eyes, but I’m kinda down with that.

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