The Daily 2¢ - Pusherman

“Silent life of crime
A man of odd circumstance,
A victim of ghetto demands.
Feed me money for style
And I'll let you trip for a while.
Insecure from the past,
How long can a good thing last?

Got to be mellow, y'all
Got to get mellow, now
Pusherman gettin' mellow, y'all

Heavy mind, every sign
Makin' money all the time
My LD and just me
For all junkies to see
Ghetto Prince is my thing
Makin' love's how I swing
I'm your Pusherman” – Curtis Mayfield

You have to admit, Chairman Bernanke is pretty cool…

The commercial paper market stalls… “ain’t no thang”… Here’s $30 billion… just pay it back when you can…

Financial markets continue to stumble as Wall Street “junkies”, strung out on yield and leverage, writhe desperately for their next hit… Bernanke’s “discount” window is open for business and he don’t mind your crap collateral.

Man… Think of the power! … What’s next? … a good pistol whippin’ for PIMCO’s Bill Gross?... Possibly…

Although… it does occur to me that there is only so much hustlin’ one pimp can do before he irreparably damages his “street cred”.

Like every good dealer, Bernanke’s “clients” are becoming more and more dependent and demanding of his services.

In trying to satisfy them all, he’s clearly in jeopardy of over promising and overextending.

Plus, it’s not as if Bernanke doesn’t have his own problems… He’s dealin’ for the man!

The first sign of trouble and Senator Dodd’s got him in the office with Paulson…

God only knows what went on in there but when they came out the Senator (and frail presidential candidate) clumsily grabbed some much needed limelight while Bernanke scurried away looking sort of busted.

So much for the independence of the Federal Reserve!

Oh well... I guess that’s the price one pays for being SuperFly!