Tuesday, July 10, 2012


Quote of the Day:

 “Fraud is a crime in ordinary business — why shouldn’t it be so in banking?  Punish wrongdoing. Right the wrong of the age of irresponsibility.”

George Osborne, Conservative British Chancellor of the Exchequer, speaking on Barclays' manipulation of LIBOR.

My comment: One of three things will happen:

1. This advice will be heeded and the banksters will be perp-walked, indicted and imprisoned as the law requires.

2. "Sense" will be talked into Mr. Osborne, the scandal will bow over and Western civilization will continue down its destructive path.

3. Mr. Osborne will be eliminated in some other way.

My guess is #2.

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