Month: October 2010

America slips

Things are hotting up in America. A class action suit has just been filed against a clutch of the biggest American banks and the entire MERS system I mentioned yesterday and the best part – the suit uses the Federal racketeering law RICO.  That is the anti  Mafia law.  There is such a delicious justice …

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Debts, Bonds and Lies

I am tired of reading about how bank bond holders must not be hurt, offended or made to suffer any losses. I would like to get a few things straight. First there is absolutely no legal, moral, ethical or even practical reason why bond holders in a bank or any other financial institution should not suffer losses. …

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