Perry the Borrower

Texas has had a long history of anti-debt, anti-banker sentiment. But the Rickster, I am told, has changed all that, issuing almost $15 billion in road bonds, and getting a line of credit for another $20 billion. There is vast dough and power in catering to the bankers, of course, and Perry is their boy, just as he is Big Pharma's boy, Big Agra's boy, and, especially, the Pentagon-arms makers complex's boy, not to speak of a foreign government's. What a guy! Don't ask me where the people rank in his scale of values. BTW, I'd love an article on his borrowing, who handled the underwriting, etc.

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Published on August 15, 2011 14:41
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Llewellyn H. Rockwell Jr.'s Blog

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