KARL DENNINGER THE MARKET TICKER A MUST READ

http://market-ticker.org/ I will believe we will see a sustainable recovery in the stock market when I see Ben Bernanke hung by his toenails outside the Federal Reserve, Henry Paulson in the stocks being pelted with rotten tomatoes served by angry citizens, and the bankers and other institutions who have lied about their solvency either out of business or behind bars - all of them. Absent that I believe we are at best headed for a Japan-style scenario, and at worst, a Greater Depression. Oh, and if the government wanted to "stimulate lending", it could have set up a Federal Bank of The United States with that $700 billion (or a bunch of banks to provide competition) and created $7 trillion in new credit, while allowing all the existing banks who made bad bets to twist on their own rope until dead. They didn't, which tells you immediately that actually improving lending conditions into the real economy was not their intention - the EESA was in fact designed by Paulson and Bernanke to rip you off and by doing so has and will materially prolong the economic misery we are in today.