Mervyn King, the Bank of England Governor, summed it up best: “Dealing with a banking crisis was difficult enough,” he said the other week, “but at least there were public-sector balance sheets on to which the problems could be moved. Once you move into sovereign debt, there is no answer; there’s no backstop.”

In other words, were this a computer game, the politicians would be down to their last life.    2010 Crisis Worse than 2008

Washington, D.C., May 22, 2010: “Today I would like to discuss a strange and very dangerous person, now entrenched in the Obama White House. I am speaking about one Cass Sunstein, (also known, but not to his face, as ‘Mr Sunshine’) now head of the OIRA White House Office of Information and Regulatory Affairs.Mr. Sunstein, who is Jewish, went to Harvard and later served as a law clerk for Justice Benjamin Kaplan of the Massachusetts Supreme Judicial Court.   Washington, D.C., May 22, 2010

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