Friday, January 18, 2008

Marcy Morlock's Mortgage Misfire

Marcy Kaptur, our Ohio Congressperson, who as a politically progressive personage believes all Eloi capitalists are evil geniuses attempting to make all others into Morlocks who are only allowed to stoke the fires of hell that power the capitalism that has scorched and devastated our land.

Only, Marcy had the wrong Eloi.

Bernanke's got a sense of humor, and needs it

Rep. Marcy Kaptur (D-Ohio) may want to take a little more time reading the bios of congressional hearing witnesses.

At today's House Budget Committee hearing at which Federal Reserve Chairman Ben Bernanke is testifying, Kaptur had just asked Bernanke this somewhat mind-boggling question: what did he think of the idea that Wall Street "bankers, fiananciers and board members" who contributed to the subprime mortgage mess be forced to "pay back" their salaries and bonuses to help pay for the economic stimulus package being discussed in Washington. At least she didn't ask him his view on perpetual motion machines.

Leading into her next question she said: "… Seeing as how you were the former CEO of Goldman Sachs…."

"No, no, no, you're confusing me with the Treasury Secretary, said a smiling Bernanke."

In short, Marcy, munchkins are munchkins and not all Elois are the same. Some Elois are created more equal than others. Apparently, so are some Morlocks such as Marcy who helped her "friend" avoid all the mess of a mortgage by buying a house for her.