Archive - Jun 29, 2012 - Blog entry
Big Banks Have Become Mafia-Style Criminal Enterprises
Submitted by George Washington on 06/29/2012 17:09 -0500... and Regulators Have Become “Cops On the Take”
Beware The Day When The Bulging Bunds Go Bust From The Bullshit - Or Doesn't Anyone Use Math Anymore???
Submitted by Reggie Middleton on 06/29/2012 08:55 -0500It's just a matter of time before Bunds become the target of bond vigilantes unless Germany pulls out of the political fundfest that is runnnig nowhere very fast
The EU Summit: Europe Needs Capital, NOT Political Posturing
Submitted by Phoenix Capital Research on 06/29/2012 07:06 -0500Markets will stage a knee jerk reaction to these measures. That reaction will see bank shares rise and yields fall, temporarily. But this move will be short-lived, just as moves following LTRO1 and LTRO 2 were. After all, these announcements are just more political measures than anything else. And Europe needs capital NOT politics at this point.
The Constitution Is What They Make It
Submitted by Econophile on 06/29/2012 00:58 -0500“You are free to not eat broccoli, but if you don’t the government will impose a penalty on you. This penalty is really just a tax and since the government has the power to tax for all sorts of reasons, they can tax you if you don’t eat broccoli.”
This is the logic of Justice Roberts argument in the Obamacare case that was handed down today.
This should not surprise us because the Constitution is whatever the Justices wish it to be. According to today’s ruling, there is nothing in the Constitution preventing them from doing this.
