Now, why do I think this is interesting? Because it reminds me of a speeder, who, when they are pulled over, says, “But everyone else is speeding too!” as if it makes what was done any less wrong, as if the need for reform and change should not begin there just because it is needed many other places too.

I know this post is getting a little off-topic so I’ll try to yank it back on. It seems that if there is going to be any improvement, reform has to start SOMEWHERE and take us back to basics. Let it begin with us.

I’m sure none of us understand what entitles bond insurers with such risky operational methods to be bailed out. As some smart person mentioned elsewhere, too big to fail may also be too big to rescue. The Titanic was called “unsinkable”, but what if it had been called “too big to fail?” How many other ships might it have taken to the bottom if they were close enough? Of course, that may turn into the argument of the bond insurers–”If you don’t save us, we’ll take you down with us.” But who can really say until it happens? Is the parent strong enough to let his naughty teen go to jail? Is the nation strong enough to let badly run companies fail? Are we motivated enough to let our lawmakers know where we stand?

http://www.independent.co.uk/news/business/news/revealed-hedge-fund-managers-betting-on-plunge-in-bank-shares-852879.html

Nothing more and nothing less…

oil and food going through the roof . . a failed invasion and occupation . . the collapse of the housing market . . . leading to the insolvency of the financial system . . . what to do?

when there is no plausible way of dealing with the problem, war is the only remaining alternative, the only way to create an after the fact justification for the economic hardship spreading throughout the country

“Dick, text General Turgidson . . tell him to come over as soon as the Nationals game is over . . “