

[T]he entire financial system became one gigantic fraud machine during the last 20 and especially the last 10 years.
...This is the fundamental scam in finance [...]
Politico tells me the White House is telling Reid to cave in to Lieberman's demands and strip out the Medicare buy in and that there's an emergency caucus meeting today. I wonder if Lieberman is invited to the Democratic caucus meeting where they will discuss [...]

Wow. A great, free E-Book to align your thoughts and inspire you as we head into 2010. Great thinkers sharing great thoughts. Get it here: http://sethgodin.typepad.com/files/what-matters-now-1.pdf. You’ll be glad you did.
[...]But let’s cut the bullshit about the bailouts being intended to help ordinary homeowners and save auto workers. We could have paid off every subprime mortgage in America for about $1.4 trillion and instead shelled [...]





Update: Consumer Credit shrank by record amount.
The credit crisis is so tough that Santa had to rob a bank, allegedly. In other news, Santa outsourced his toy factories to China.


"This settlement is good news for all citizens in Ohio and especially'" [...]
The Department of Natural Resources and Environmental Control in conjunction with the Newark Housing Authority and the City of Newark will hold a public workshop December 10 to provide an update and to answer questions [...]