“We apologize for the inconveniences, but this is a revolution.” – Subcomandate Marcos, January 1, 1994 As a history buff, I recently started to re-read a book of essays from Zapatista leader Subcomandante Marcos that I read more than 8 years ago. I was struck by the prescience of Subcomandante’s essays. Even when he seemed [...]

Today, our financial system is so broken that casinos have much more integrity in their business dealings than do our banks. Casinos Actually Have More Cash on Hand The largest casinos in Vegas and Macau have much more cash on hand on a daily basis than most branches of the largest banks in the world. [...]

For the past couple of weeks, bank shares have grown in share price faster than a steroid-induced bicep. There has not been much reported by the media in terms of negative news about the US financial industry from Ben Bernanke, bank CEOs, or even the Federal Reserve, even though the bank stress tests resembled a [...]