Category Archives: Too big to fail
Crossfade: Global Financial System Fading Out, So Global Police State Being Turned Up
Crossfade: a radio/DJ term for keeping music and/or the beat going between one song that is ending and another one that is beginning. Or as Wikipedia puts it regarding how crossfaders are used: “A crossfader on a DJ mixer essentially … Continue reading
LIBERTY ROAD COMIX: NEW FEATURE
A new, periodic feature here at LRM—a cartoon or comic. In the past I have done some cartooning under the titles “Eggs Is Tense” and “Free Country.” I miss doing it and occasionally get ideas for cartoons and figured, why … Continue reading
ANALYST ON BANK OF AMERICA: “Cesspools like BAC need to be completely drained”
Wow! David Stockman pulls zero punches in this excellent rant (“Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming,” Contra Corner, Feb. 11, 2015) on how a company like Bank of America in any legitimate legal context … Continue reading
BANKS’ FREE LUNCH=RECORD PROFITS, KIDS’ FREE LUNCH=RECORD LOSS
So the latest indicator that not only has there not been a financial/economic recovery for the average person in the U.S. but also things have gotten worse? Over half of all public school students in the U.S. are now eligible … Continue reading
Master Narrative Rewrite: Herman Shorts and C.H. Smith
Where do most people get their ideas about “the way things ought to be?” How is it that people can enthusiastically and vehemently support entities and policies that act in ways that are objectively contrary ways to the interests of … Continue reading
BANKS PUT ALL RISK ON US, THEN TAKE ALL THE REWARD AND PRETEND THAT IS CAPITALISM
We all know that all fiat money, such as the U.S. dollar, is created out of thin air not by banks but by the people and only has value because said people ultimately have “faith” in it. This is uncontroversial … Continue reading
BoA SETTLEMENT=BS
Never fear, citizens! With this much-ballyhooed $16.65 billion settlement, our hero Eric Holder has swooped in like the proverbial mighty raptor eagle, ruler of the skies, and snatched the lowly serpent–a “BoA”–in its fearsome talons, to be sacrificed for the … Continue reading
PART 2: WHAT “RECOVERY”? WHO CAN AFFORD ANYTHING?
Who can afford anything? Not many people, it seems. As noted in yesterday’s post, half of America cannot afford the house they are “buying,” while at the same time rents are skyrocketing, with the number of people who pay half … Continue reading
UNICORNS ARE REAL–IF YOU’RE A BANK
And if you’re not a bank, then…no unicorns, only trolls. But really, it’s amazing the extent to which human society continues to run on myth, as one can see during the extended interview of Timothy Geithner by Jon Stewart, and … Continue reading