“Our Illiquid Assets are freezing credit,” they say. “Nobody can get a loan, money just won’t move. We need more stimulus!”
When the corporate lizards say they have illiquid assets, that are freezing credit, what they really mean is they spent the money on themselves and it’s game over unless the public buys their debt with taxpayer money. They call that free money, “stimulus”.
They made a fortune “investing” but will lose it unless the public buys their “bad assets”. That’s how it works, by failing. It works for the investors but it fails for the taxpayers, every bailout.
The bad assets come in both illiquid and junk, but in the end it’s all the same. It’s a taxpayer extraction scam legislated as legal.
The taxpayer retroactively pays for the overcompensated corporate establishment lifestyle. The “system” then declares itself a success while it continues to fail in a “cycle” of over-leveraged credit and politically approved bailouts.
The corporate lizards say some funny things. Illiquid Asset is my personal favorite. The language describes an asset nobody wants.
The lizards call it an asset because it sounds like a better deal than a tax extraction scam, but it’s not. It’s the same thing.
Illiquid Assets are the byproduct of the extraction scam. The taxpayers are buying corporate lizard prosperity, called illiquid assets, or some similar linguistical derivitave intended to obfuscate the truth from the taxpaying public about what it is that they are actually buying.
