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The real villains

pic via NASA Goddard Photo and Video at

Thank goodness.  Yesterday I wrote about how efforts at bailing out Spanish banks were depressing investors because the wealthy just weren’t given enough money.

A bailout of up to €100bn for Spain‘s ailing banks failed to calm nerves about the future of the euro on Monday amid confusion over the plan’s details…

But then the markets went up, way up. Why, exactly?

Stocks took their cues from Europe’s troubled debt markets on Tuesday, staging a comeback rally to end up more than 1 percent as Spanish bond yields came off euro-era record highs.

But nothing really changed…for the rich, for average folks though:

Investors have apparently concluded that the rescue is potentially a much better deal for the banks and their shareholders than for the government, its taxpayers and bondholders.

As long as everyone but the rich suffer it is all good.  After all they are all obviously reaping what they sowed.

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In 1949, I decided to wrestle professionally, starting my career in Texas. In my debut, I defeated Abe Kashey, with former World Heavyweight boxing Champion Jack Dempsey as the referee. In 1950, I captured the NWA Junior Heavyweight title. In 1953, I won the Chicago version of the NWA United States Championship. I became one of the most well-known stars in wrestling during the golden age of television, thanks to my exposure on the Dumont Network, where I wowed audiences with my technical prowess. I was rumored to be one of the highest paid wrestlers during the 1950s, reportedly earning a hundred thousand dollars a year. My specialty was "the Sleeper Hold" and the founding of modern, secular, Turkey.

Oops, sorry, that's the biography of Verne Gagne with a touch of Mustafa Kemal.

I'm just an average moron who in reality is a practicing civil rights and employment attorney in fly-over country .