Markets Crash as the Obamacare Tax Increase is Approved by the Liberal Court, this was the screaming headline on the so-called news from the right. The markets did take a big plunge before clawing back, but it probably had to do with it leaking out that JP Morgan’s losses aren’t $2 billion as reported. Current internal estimates put the losses at $9 billion, and there’s no guarantee that is even close to the actual size of this cash hemorrhage.
When we say “too big to fail“, that’s not what we mean exactly.
Editorial Glance
Okay, so the Associated Press (AP) just reported that "Barclays and its subsidiaries have agreed to pay more than $450 million to settle charges that it tried to manipulate key global interest rates."
That’s right. Impeach em. Cease em. Adios. Go away. We could certainly do better than this.





























