News From the Financial Sector — You’re Screwed

I just don’t have the energy to say much about this.  It is depressing.  We are supposed to be America, the nation that does it right compared to all those tinpot third world dictatorships.

Sheesh.  The crap is flowing knee-deep these days.

Adam Smith, Charles Darwin and George Washington are not only rolling in their graves, they are dancing the macarena. A new study by the UMich School of Business has found what everyone has known since the crisis began, if not centuries prior: that the biggest, crappiest banks were guaranteed to get more bailout funding the more political ties they had (and more kickbacks they had offered).

Is this sufficient to claim that capitalism in its purest sense has been corrupted beyond repair, courtesy of political intervention and constant pandering? Probably not, but it sure makes a damn good argument. In any case, the data is sufficient for all bears to start keeping a track of which banks are increasing their lobbying efforts and funding: those are the ones where the greatest weakness is likely still to be uncovered (if it hasn’t already).

via zero hedge | on a long enough timeline, the survival rate for everyone drops to zero.

Looking on the bright side, Cathy showed up today to demonstrate outside the local office of Senator Kay Bailey Hutchison, trying to get her to vote against cloture on Obamacare.  She looked good, and she was there with a hand-lettered sign saying that our government is too big.

Obamacare is not a personal problem for her.  Cathy can get all the health care she wants.

She went there because she cares about our kids, who are too stupid to realize the inter-generational theft that is happening.

The local media was there, including TV cams from the Dallas stations.

I gotta believe that people like Cathy make a difference.

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