Tuesday, May 11, 2010

Kanjorski can shut his goddamn trap anytime now

Kanjorski was enough of an idiot before, claiming the Fed prevented a meltdown when people pulled $500 billion out of U.S. money market instruments. In fact, the money was not sucked out of the U.S. monetary system, but rather put right back in, because people were dumping money markets in favor of safer U.S. Treasury securities.

But that wasn't enough. Now Kanjorski suggests a cyber attack could have been behind last Thursday's crazy sell-off, when there's no evidence at all. Oh, he doesn't "want to cause any panic or fright" -- just start rumors?

Here's a new blend I recommend for him. It's naturally decaffeinated for complete morons like him that need to cut back.


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