Glen L.

Fool Me Once... Bill Miller, Meredith Whitney Face Off Again

Bill Miller and Cetin were hired by Bernanke to supply fertilizer for the green shoots.

Mr. Market Has Spoken

I was cheering the author on for most of the article, until I came to the strange stuff about offshore tax havens. I gather that he's against them, but how does that square with the righteous indignation about the taxpayer getting screwed by the big banks? Is taxpayer compliance in service of the government/bank Leviathan that drove them offshore in the first place going to help or hurt the market? Since all taxation is capital-destructive (and please don't give me the bull about infrastructure "investments"), how will the police state's arms getting longer help the desperately needed formation of new, REAL capital, rather than the kind that comes off a digital "printing press"?

To the commenter who said "It is as inevitable as tomorrow's sunrise.....failure is a critical component of capitalism." - well, yeah, to the extent that failure is part of life. But capitalism itself is the perfect economic system, even if many of its practitioners are flawed.

You can take that one to the bank.