Source: market-ticker.org - Friday, September 07, 2012
I wonder exactly how wise it was to rip off 600,000 people in Jefferson County, Alabama with hinky derivative sewer deals, to screw millions with robosigned affidavits and to make subprime and Option ARM mortgages that the banks knew damn well could not be repaid. I know, this is a world where nobody (who's rich enough or can bribe politicians enough with campaign donations) ever goes to jail. Indeed, we're making subprime auto loans again by the truckload -- literally. But eventually, the people may not care about this thing called "The Law." That's more than slightly-likely to happen when the EBT cards that Obama has been handing out like candy (or, more accurately, like heroin to keep the drug-addled debt-saddled pacified) wind up being cut off, much like a big part of the Soviet collapse had to do with the inability to find a loaf of bread on a store shelf. Burning Man is a retro throwback that I've always wanted to attend, in no small part because it is a celebration (even if grossly perverted in the last few years) of living in rather sparse conditions, and that so much of what we think of as "necessary" really isn't. It's a small micro and macro-level economy for a short while, complete with goods and services, entrepreneurs and, yes, some seedy stuff. But this year some folks built a "Wall Street" there , spending an estimated $100,000 and two months to construct it, and then intended to -- and did -- burn it to the g