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May 07, 2009

As Told By A Supply Side Economist:

Kidding on the square:

First, they increase the systemic risk regulation of banks, insurance firms, and broker-dealers. Then they expand Big Government by increasing the transparency of financial instruments and magnifying the Federal Reserve's oversight of major hedge funds. And, as a finale, they tighten the federal standards for mortgage lending and require executive compensation to be contingent on corporate performance.

And the agent says, "That's a hell of an act. What do you call it?"

And the father says, "The Aristocrats!"

Read the rest at McSweeney's.

(via Majikthise)

Posted by The Chinuk at May 7, 2009 02:17 PM