Kerry exhibits his poor judgment, again

Senator John F. Kerry, known for idiotic remarks like "reporting for duty," once again displays his lack of judgment in a piece on Bloomberg published March 6th. At a time when Americans learn daily that the economy is in trouble and the stock market is crashing, Kerry thinks it's necessary to tell his readers how bad things are. When Americans need to be told something positive in order to raise their spirits, Kerry tells the banks that "Animal House parties" are a thing of the past and introduces legislation to penalize banks who entertain customers and potential investors. Kerry says "huge swaths of our banking system are insolvent." Thanks, Americans needed to hear that from John Kerry. Federal regulators ought to be able to remove bank management Kerry says. Right, let the bureaucrats decide. If a bank has assets of uncertain value, write then down to zero, Kerry says, unconcerned about the effects. Mark-to-market accounting is fool proof, Kerry seems to believe. Kerry is a fool.