Welcome to Capital Account.  One surprise addition to the Romney-Ryan ticket is Ayn Rand, the supposedly tax-hating, capitalism loving, libertarian-inspiring, objectivist philosopher. Although Paul Ryan has recently publicly distanced himself from Ayn Rand, that’s neither here nor there (he is a politician after all). And so, many are dissecting the Rand-inspiration Ryan has cited publicly over the years. We thought we should look at how her objectivist, anti-socialist ideology has manifest itself in Ryan’s record so far: Paul Ryan voted for subsidizing the banks with TARP, voted for the prescription drugs in Medicare Part D, and gave a greenlight to the Iraq war, which added billions to the deficit he purports to want to cut. How’s that for socking it to the government looters and moochers?
Remember the time you helped launder money for an entity the government had imposed sanctions on, and got called out by authorities? And then you fired back, somehow leaking to the press that your lawyers thought you could sue for reputational damage, and you ended up settling charges and continuing on as usual? No? Maybe because that would never happen to an individual, but if you’re a big bank, you can get away with it. We talk to Karl Denninger about Standard Chartered, banks and the rule of law, or lack-there-of, in this country.

  1. The people allowed the politicians and bankers to set themselves up in this system (albeit through lies and deceipt.)  Now the system has to run its course.  All the facades of civility in place these last 100 years were intended to give way to what’s currently happening.  The gloves are about to come off, and the people are about to find out what’s been in store for them all along.  Got any silver?

  2. In an interview today Ryan said HIS PLAN would balance the budget by 2020.  Huh?  2020???
    8 years of more deficit funding. I calculate the deficit will be another $12 trillion by then.  Mr Ryan, tell me how we are going to work our way out of that fine mess.  Just askin’ 
    Low interest rates?  Tried and failed.  
    Thrown granny under the bus?  Tried and did not work. 
    Uh—tax the rich?  Tried? No—not exactly.  Da boss is rich you know.    Can’t be taxing him.
    Ryan!!!  Monkey boy!!  We screwed.    Just fess up you can’t do jack s***.  Then maybe  i’ll vote for the honest dude. 

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