In The News Today

Posted at 2:41 PM (CST) by & filed under In The News.

"The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it."
— Thucydides, 471 B.C.

Dear CIGAs,

We have come a long way thanks to our leaders of industry and financial paper shuffling.



by Egon von Greyerz

Take the following ingredients:

A banking system which is on the verge of collapse
Add a few $ trillion of government liquidity and guarantees
Inject $ 100’s of billions in loans and capital
Keep all the bank management that have caused the crisis
Pay them astronomical bonuses because otherwise they might be snapped up by a
bankrupt competitor

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