It is a documented fact that neither the present U.S. Secretary of the Treasury - Hank Paulson - nor the incoming man - Tim Geithner - had a clue about what was happening last year. They didn't seem to understand how America's system of imperial finance - the system that undergirded expanding world trade - actually worked. They seemed completely surprised when it began to crash. Clearly, neither is competent to manage such a system.
So we have a suggestion. Why not turn to a man who does know? In all the world, there is one man who has proven that he knows better than anyone, not only how it works...but how to work.
That man is Bernie Madoff. Instead of putting him in jail, put him at the Treasury.
Put Bernie Madoff at the Treasury! [The Daily Reckoning]