A former travel agent from New Jersey has been ordered to sell his house and car to pay restitution to 20 customers who paid him for a Mediterranean cruise that never happened.

Now, if that remedy could be extended to Wall Street banksters . . . .

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19 February 2015 · Comments Off · Categories: Masters of the Universe

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13 February 2015 · Comments Off · Categories: Masters of the Universe

Another one bites the dust. This casino is now out of business:

My father was banker. He had integrity, and, in his days, so too did banks; he was, indeed, the straightest shooter I have ever known.

He has passed, and so too has the integrity of banking. I suspect that, were he still with us, he would identify himself simply as an agronomist, as that was his field of study.

He would have been ashamed of what “banking” has become.

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13 February 2015 · Comments Off · Categories: Masters of the Universe

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30 January 2015 · Comments Off · Categories: Masters of the Universe

Two persons walking by the

Via Juanita Jean.

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29 January 2015 · Comments Off · Categories: Masters of the Universe

Visiting king to the King of Id:  I'm surpriised you abolished slavery in your kingdom.  King of Id:  We haven't really.  Now we call them


Click for a larger image.

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24 January 2015 · Comments Off · Categories: Masters of the Universe

I was wondering whether it was time to retire “Dustbiters,” but another one bit the dust.

ain’t no more.

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31 December 2014 · Comments Off · Categories: Masters of the Universe

Warning: Language.

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16 December 2014 · Comments Off · Categories: Masters of the Universe

Big casino sign:  Welcome to Fabulous Wall Street Nirvana.  Man says,

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15 December 2014 · Comments Off · Categories: Masters of the Universe

This is a hoot, even if it is 50% promo.

Below the fold in case it autoplays.

More »

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05 December 2014 · Comments Off · Categories: Masters of the Universe

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01 December 2014 · Comments Off · Categories: Masters of the Universe

Get more Harry Shearer.

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20 November 2014 · Comments Off · Categories: Masters of the Universe

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03 November 2014 · Comments Off · Categories: Masters of the Universe

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26 October 2014 · Comments Off · Categories: Masters of the Universe

I was wondering the bank has a new manager.

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24 October 2014 · Comments Off · Categories: Masters of the Universe

One less bank:

Another one bit the dust last week and I missed it:

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20 October 2014 · Comments Off · Categories: Masters of the Universe

Barry Ritholtz examines why ideas that have clearly failed live on. A nugget:

What underlies all of this nonrecourse bad policy? It is much more than corporate lobbying and partisan politics. The worst of today’s political malfeasance is being driven by failed ideologies. Zombie ideas that refuse to die have become enshrined in our collective intellectual legacy. The people behind these have been insulated from the economic costs they impose.

Blame the billionaires.

They are ones who fund the think tanks. These think tanks in turn consider it their jobs to promote the ideology of their benefactors, regardless of its intrinsic value or demonstrable worth.

Follow the link. The whole thing is worth a read.

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08 October 2014 · Comments Off · Categories: Masters of the Universe

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27 September 2014 · Comments Off · Categories: Masters of the Universe

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