Special Kudos
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Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
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Special Kudos
Special kudos to Jim Sinclair of jsmineset.com who has dubbed the new fed loan system to member banks as “the monetization of bankruptcy.”
I think Jim is still a tad gracious. I would say that the “too big to fail” policies of the 1970’s became “too big to behave” in the 1980’s and have finally emerged from behind the veil of complex financial arrangements which obfuscated what is really going on during the 1990’s to reveal the business and regulatory model for leading financial institutions today — “crime pays.”
Still open for discussion is how much of Tuesday’s upswing in the stock market came from fed loans and how much was a celebration that federal regulators and enforcement can be counted on to target any state and local official who stands in the way of financial felonies and frauds and the bubble pricings thereof?
