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Unpleasant Truth

"To most of us nothing is so invisible as an unpleasant truth. Though it is held before our eyes, pushed under our noses, rammed down our throats--we know it not." -- Eric Hoffer (1902-1983) American author, philosopher, awarded Presidential Medal of Freedom. If something smells funny then that is an indication that there is something wrong with something you are not seeing. Wake up, and look deeper.

Monday, October 18, 2010

Wall Street broke the law (and the financial system) & WILL get away with it because the only guy that might have prosecuted them is now a talk show host

Wall Street broke the law (and the financial system) & WILL get away with it because the only guy that might have prosecuted them is now a talk show host:
The historical echoes of the mortgage bond scandal (SH – a good summary of the history that led to the creation of the Securities Act of 1933)



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We have a system that is overloaded with counterfeit stock, mortgages, treasuries, and credit default swaps.

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