We Were Right: The World Has Gone Mad

Bubble, Bubble SIV And Trouble

I hope readers are not annoyed with me talking about death, magic and money. I feel this is a very important facet of finances and should be carefully examined on a regular basis. Today, we discuss the infamous South Sea Bubble, funny names for funny funds that are vapid machines for making money without any solid basis in the future as far as financial increase is concerned. Also, Glass-Steagall was repealed and I talk about why and how. Senator Schumer is now investigating the dumping of SIVs and CDOs into quasi-government lending institutions like the FHLB banks. And Europe screams at China about currency values yet again. So much fun!

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