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The Abacus deal stunk. But there were other deals that were even worse. This train wreck for investors could have been avoided. Instead, everyone just closed their eyes.

I am getting to the point where I don't trust anything. Even Jon Hiselrath at the WSJ.

Yes, they sold junk zero's and they did it a premium pricing. My question is, "Why?".

John Paulson was the big swinging dick who created Abacus. He is Teflon on that one. Consider OneWest.

What's the possible impact of the volcano on global trade? That depends. It could be significant.

I don't believe that things happen by accident. It is all orchestrated. My thoughts on the SEC timing re GS.

What was the joke about the lawyer and the appraiser?

I'm about half convinced on this lady. I'd like to get convinced on the other half.

An interesting proposal from the FDIC. Charge more for insurance. What a novel approach. The banks will hate it.

A response to those who want to turn back a clock.

Weather is like monetary policy. Extremes are bad.

Supply of course. We just haven't come to fully appreciate that, yet.

This might mean something. I think so.

I get screwed, again.

He said nothing, but a lot was said. My thoughts.