Termyn8or
Posts: 18681
Joined: 11/12/2005
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That is funny. That is like the President swearing in the chairman of Electrolux or General Motors. Swearing in the head of the Fed is just as funny.
This is all for show. The President has nothing to say about who is the chaiman of the Federal Reserve, and it is done strictly for looks.
And will Wolfowitz use his position for gain for the US ? I doubt it, but he certainly will use it to his own benefit. Of that I have no question.
The world bank, the IMF and even "our" beloved Fed are totally useless to a free country. Now to find a free country.
Just to set the record straight, the Fed, the FDIC, FSLIC, Fannie mae, Freddy Mac all of them, even the IRS are private corporations. I HAVE copies of the certified copies from the state of Deleware of the incorporation of the IRS.
Hunky, the world bank does what any other bank does, shuffles money around, picking up a nice rakeoff in the process. The world bank deals with governments though, not the average Joe. It is a harder job to deal with all the different currecies of course, so the profit potential is great.
Remember the Beverly Hillbillies ? Milton Drysdale, the bank President was the personification of greed. He was also incredibly stupid, as this was a comedy, but the level of greed was pretty accurately portrayed.
Back to the OP, rewarding failure is commonplace now. Look at even school board heads, who after time are found to be totally incompetent because Johnny can't read. They get millions in severence pay, sometimes referred to as a 'golden parachute'. And this is when they get fired ! Even for just cause !
And they punish success as well, but that is a subject for another post.
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Reward Failure - - 
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