Now, if that remedy could be extended to Wall Street banksters . . . .
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.
I was wondering whether it was time to retire “Dustbiters,” but another one bit the dust.
ain’t no more.
This is a hoot, even if it is 50% promo.
Below the fold in case it autoplays.
One less bank:
Another one bit the dust last week and I missed it:
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.