Many of us have been anxiously watching as domestic and global Investment Banking Systems melt down faster than Ice Sheets in the Arctic. Over past year and recent days, I have listened to experts, analysts and opinion makers, predict and scale this monumental disaster.  Sad to say I know little more than I did before the banks choked on the bad debt they created by conspiring with borrowers who thought they cold get something for nothing.   There is never and never will be something for nothing. 

The borrowers are not victims of predatory lending, that’s bullshit, they are co-conspirators in theft from the rest of us.  The victims are those who trusted in a flawed and hopelessly corrupt system of lending, in which they are innocent of greedy choices the bankers and borrowers have made.   [Read more →]