Sunday, October 03, 2010


Nice and and simple from the NYT:
The robo-signing scandal is yet another reminder that it is folly to rely on banks that got us into this mess to get us out.

The issue no one in power came to terms with is the fact that our financial intermediation system is utterly broke and has proven itself to unable to allocate capital the way that it is supposed to. Putting it even more simply, the banksters fucking suck.