Quote of the Day

"The bottom line, predictably, is that it is the American Taxpayers who are the ultimate guarantors for the losses caused by their folly. In the millennial era, the banksters consistently bet big, knowing that if they lose, then there will always be another bailout. They have a the certain knowledge that they have the Federal government in their back pocket. (The lack of a criminal indictment of MF Global Chairman Jon Corzine was clear evidence of that.) The "Too Big to Fail" mantra is now so engrained that the bankers feel invulnerable. This is one reason that the derivatives casino has grown tremendously. Of course they are willing to gamble when it is a "heads I win, and tails you lose" proposition! Banks that have their losses guaranteed by the government (and ultimately, by our tax dollars) shouldn’t be sitting at a casino table, slurping down liquor. But in effect, that is just where they are. "
-JWR
This sort of thing makes me consider canned food and shotguns as investments. Just saying.