Brutal Toon in the NYT: Greetings from flyover country

[Egalitarian Thug]

88. Yes, and I along with a whole lot of people with two things in common agree.

The things are a bunch of very expensive letters after their names, and a habit of being right. I would recommend you start with Roubini and Stiglitz if you're actually interested.

No free links, sorry, These papers are written by many members of the group above who make their living selling them to people for whom a few thousand dollars a year to get good information is just the cost of doing business. See the above references and you will find some sources. How you access them is up to you.

We did cover the deposits, so yes, I am sure. (BTW why do you think the insured limit was raised from $100K to $250K?)

Finally, if you're not aware of what happened or don't understand the consequences of it, you really need to learn a lot more about macroeconomics. In brief, nothing on earth was moving, no thing. Container ships were simply holding station wherever they happened to be. The loading docks were full, warehouses full of perishables rotted, no iPads were leaving China and no cerium or neodymium was being mined to make more. The entire global economic machine stopped.

With that in mind, what do you imagine would be made worse if Lehman or Merrill or (dare we hope) Goldman didn't exist today? They contributed nothing (except boatloads of campaign cash, of course) and their absence wouldn't hurt anyone you know (probably).

One of the things we have to face up to, if we are to ever have any hope of making the world better for the rest of us, is that practically nothing is done to preserve or benefit us "useless eaters". The world is run by sociopaths and their boot-licking sycophants for their own purposes and you and I don't rate any consideration.