Monday, July 16, 2012

Dilbert on banking

As ZeroHedge put it: "even Dilbert gets it..."

And the fuses keep burning down...

The mantra has been that these financial institutions are "too big to fail."  And indeed, it will cause severe damage when the machinery seizes up.  But the gizmos have been abused, perverted and distorted for so long, the question would seem to be not "if" they are going to fail, but when.

Ever notice how little the bank pays you to "use" your money?  Is that pittance worth the exposure to the massive fraud, price-fixing and collusion just now coming to light?

Points to ponder...

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