Stress Test

The New York Times credits the following to Tim Geithner, "The rescue itself, at its core, is a fundamentally unfair thing, except relative to the alternative of letting the system burn down..."

I can not call that a telling statement since it seems to obfuscate more than it reveals. I can say in response that his estimation of relative values reveals a quantifiable flaw.

For the vast majority of Americans the system has already burned down. Whether it's public education, health care, back logged litigation, public safety or inflation it is the vast majority of Americans whom are under stress.

The former secretary and those like him are propagating the myth that the now famous 1% and their business interests are needed. That if those interests are not allowed to function America comes to a standstill.

It would not. The sun would still rise and new entities would arise to replace the old.