"The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true. It really happened. These suspicions are valid.”
Neil Barofsky, TARP Inspector General
“Crime, once exposed, has no refuge but in audacity.”
Tacitus
"The problem of the last three decades is not the 'vicissitudes of the marketplace,' but rather deliberate actions by the government to redistribute income from the rest of us to the one percent. This pattern of government action shows up in all areas of government policy."
Dean Baker
"Most of them became wealthy by being well connected and crooked. And they are creating a society in which they can commit hugely damaging economic crimes with impunity, and in which only children of the wealthy have the opportunity to become successful. That’s what I have a problem with. And I think most people agree with me."
Charles Ferguson, Predator Nation
"What is good? All that increases the feeling of power, the will to power, power itself. What is bad? All that is weakness. What is happiness? The feeling that power is growing, that resistance is overcome. Not contentment, but more power; not peace at all, but war; not virtue, but efficiency. 'The weak and the flawed shall perish' is the first principle of our charity. And one should help them to perish. What is more harmful than any vice? Christian love."
Friedrich Nietzsche, The Antichrist
There will be a stock index option expiration on Friday.
Stocks fell again today, in the continuing ebb and flow of the Wall Street wash and rinse.
Gold and silver moved lower.
The Dollar is reaching for a high not of the 108 handle.
Or perhaps it might be better to think of it as the failings of the euro, for the obvious geo-political reasons.
Have a pleasant evening.
