Tim Geithner personifies a new phenomenon that is sweeping the financial world: intellectual retardation. This is a condition in which an individual’s thinking becomes so sophisticated and so immersed in detail that it becomes incapable of functioning in a sensible manner.
It’s a simple proposition—if a firm accepts public money then the public sets the terms and conditions.
Another government official spoke of “sophisticated financial institutions.”
It now appears that sophisticated is just another word for stupid.
The only question, now, is who is more sophisticated, finance corporatism or the government. Or, are they so joined at the hip that they are indistinguishable.
Wednesday, September 29, 2010
Intellectual retardation
http://belacquajones.blogspot.com/2009/11/can-they-get-any-smarter.html
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