ONLY two banks failed today. That counts as good news.
Wall Street is doing well while Main Street is still in the doldrums.
I guess the banks run by "The Masters Of The Universe" are almost immune to failure (bailouts anyone?) while all the smaller local banks we actually depend on still live in a "capitalist society". It seems "state socialism" only goes so far.
How much fraud can people handle before they get angry -- and direct it in the right direction?
We will discover -- sooner or later.
This is the End and a New Beginning
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I've been thinking about this for some time.
After 21 years of writing this blog almost daily, I've decided to stop
writing the daily updates on the blog.
...
2 months ago
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