Jul 162010
A reasonable summary of our current situation from James Quinn:
“The banking system is insolvent. The consumer is dead. The housing market is still crashing. Unemployment is going up. Consumer confidence is going down. The 6 criminal mega-banks were the ONLY banks out of 986 in the US to “make money” last year. The mega-criminal banks are all reporting fake profits this week. The SEC slapped Goldman Sachs on the wrist for blatant fraud. Obama is instigating a race war with his diatribes against the Tea Party and Arizona. We still fight two wars of choice in the Middle East while gearing up for war with Iran.”
Be sure to read the full post.
A Year Ago - Not an Economic Problem, A Constitutional One
Fleckenstein on US Economic Policy
Europe's Pretend and Extend
Another Reason Why The Economy Will Not Recover
Buffett has Been Looking Silly Recently
Geithner Fails, Gets Promoted and Taxpayers get Screwed
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