Gambling With Borrowed Social Credit Is The Only Way To Keep Bank Profit Margins Growing?

   (Commentary posted by Roger Erickson)




Is that the totality of our new national purpose? Really? Does the reality of this metaphor make sense to you?

Do we the people NEED bank profit margins to grow? How about some increasing cultural profit distributions in OTHER cultural sectors? To, you know, maintain cultural resiliency?

Citigroup Embraces Derivatives as Deals Soar After Crisis

Weiner Isn't The Only One Who Isn't Reformed

Commentary by Roger Erickson

Americans Gambling on Rates With Most ARMs Since 2008

Quicken Pitches ARMs as Borrowers Balk at Higher Rates

Misfit Borrowers Attracting Lenders as Housing Revives

Chicago wants to lead the way ... to where?


And did I mention variable rate car loans? You heard that right.

A foolish population and it's assets are soon separated? Again, and again, and again? Anyone noticing a boom/bust/pitchfork/boom/bust/pitchfork cycle at work?

Ask your grandparents if this all looks a little familiar. They saw it all in the 1920s-1930s. And before that, in the 1910s-1910s too. And countless times before that.

When do grandkids get to stop relearning lessons their grandparents learned the hard way, and their parents either forgot, or never learned? You might want to rethink how YOU "educate" YOUR kids. You know, in case THEY ever become parents someday.