Panic Politics

Econoblog The Big Picture points out one of the components of the ridiculousness of the Securites and Exchange Commission's temporary ban on short selling:

60 days prior to a presidential election? This is a none-too-subtle attempt to influence the elections -- especially coming on top of the Fannie/Freddie bailout.

Now would be a good time to re-call attention to my recent post about Kevin Drum's concept, with apologies to James K. Galbraith, of the "monetary-industrial complex."

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