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Even a newbie is eligible for participate in farmville

Even a newbie is eligible for participate in farmville

They are talking, believe it or not, about what to do when the good times come back

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Ilargi: The G8 finance ministers apparently are doing a great job of deluding each other and the media surrounding them. All that’s needed, no really, says Tim Geithner, is for everyone to focus on growth. Once they do that, everything else will take care of itself. And perhaps it’s better this way.

A group of people so completely incapable of solving any problem they’re faced with might as well ignore those problems and pretend they can wish them away. There’s no way to bring about the real big troubles that lie ahead a whole lot faster than pretending the small troubles you couldn’t tackle went away of their own accord. Bring it on. At least we’d no longer have to look at the intellectually crippled crowd in charge today.

No, Obama is no defender of free e reasons that his administration has nothing to do with socialism. Taking money from the people to give it to a select few rich bankers is not socialism. If anything, it’s the opposite. And it hasn’t got zilch to do with free markets either.

It’ll be presented to the public as some dort of natural economic phenomenon labeled “consolidation”

The FDIC hasn’t closed hardly any banks lately, and that’s disconcerting. No-one with an ounce of live brain tissue can believe that all 8500 or so banks left are in great health, not with the foreclosures and lay-offs continuing at breakneck levels, and not with commercial real estate dissolving. We have known for a while that the FDIC is short of funds, and that is surely a reason behind the hiatus in bank seizures. A more prominent reaon, though, may be the administration’s plan to start selling off troubled banks to private equity firms. That should make for some nice deals.

And everybody will talk about green shoots and how to divvy up the future loot beyond the horizon, while not one single present issue will be solved and growth won’t come back in our lifetimes. Well, except for our debts. They will keep on growing.

U.S. Treasury Secretary Timothy Geithner warned Saturday that it’s too early to pull back on global efforts to boost growth, but that governments should reaffirm their commitment to returning to fiscal soundness once the crisis passes. After meeting with his counterparts from the Group of Eight leading industrialized nations, Geithner said the main focus for G8 and Group of 20 countries should continue to be growth. “We need to reinforce the improvement in global demand and continue to lay a foundation for a durable recovery,” he said in prepared remarks for a briefing. “It is too early to shift toward policy restraint.”

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