Continuing on my theme of how much I would like to marry Alan Grayson in a ceremony of his choosing, Paddy sends along this vid:
For me the money moment (ha, I kill myself) is when Grayson asks who’s been lent money, how much, and what conditions were set on those loans. Kohn’s response is basically, “We ain’t gonna tell you, you can’t make us, you don’t have to know anyway, we’ll tell you how much we want to tell you, and you’ll lay back and like it and give us our change.” Grayson’s response, quite properly, is “… the fuck?”
And look. This isn’t about me having a better idea than Kohn on how to prop up the credit market. It is about being absolutely enraged at the unnecessary step to make this opaque. I get that people don’t want their competitors knowing how hard on the government teat they’re currently sucking. I get from a banker’s perspective why you wouldn’t want that information out there. You know what, though? TOUGH SHIT. It is not the government’s job to protect these people from each other or from themselves. It is the government’s job to make sure taxpayer dollars are being spent responsibly (I’ll go get a drink while you stop laughing) and if bankers don’t like that there’s a very clear alternative: Get off the US of A’s jock already.
ps. Alan Grayson? Have you ever in your life heard a more obvious cover-up name for the secret identity of a superhero?