Paying Down The Debt Is Now Almost Mathematically Impossible [1]. – E.B.
o o o
Items from Mr. Econocobas:
Venezuela Has a 93% Chance of Defaulting on Its Debt [2]
Greek Bonds Extend Worst Week Since Euro Crisis [3]
Greek Stock Rout Means ASE Is 2014 Worst After Russia [4]
Memo To Citigroup CEO Michael Corbat: Does Your Crony Capitalist Plunder Know No Shame? [5] – FDIC is not a free market solution, and Glass–Steagall was only needed because of FDIC. It’s an example of government regulations necessary to protect us from a prior government mandate. Perhaps we could try the free market again? Perhaps we would then spend more time researching the bank we choose to deposit with than we are currently spending, as a nation, researching the TVs we buy.