I was also so rude as to ask aloud
Is it too early to start talking about the total FAIL of 2010 that was the complete inability to develop any reasonable banking regulationNow do not get me wrong here folks. I understand what it means to BE the contract law in the room. That is one of the quick economic lessons one learns when one is working outside of the realm of the Excess Governmental Regulation where there is all of that Red Socialist Legal system with the part about tort law, and equity law, and contract law, and a series of appeals courts, and, well, the usual dark horror of, well, Red Socialism! Or what the liberal media likes to call from time to time, 'the criminal element' or 'piracy' or 'black marketting' or what we were all so happy in the RayGunnDayz to embrace as 'FeeMarketeering' and 'Entrepreneurship', which of course goes so elegantly well with that whole "ARRGH! take no prisoners my mateey's" pirate motif.
Ok, so back in my Enron Dayz, when we all learned to be civilized and culturally proper, I would joke about the whole fail of "corporate raiders" not brining the combat gear to game! As if that was actually funny, and not quite as prescient as I fear it will become. The DrainStreetMedia is willing to talk about the combat assaults into the Ghettos of Brazil, because of course they are combatting the drug traders. While Guatamala has invoked the 'state of siege' because of the Mexican Drug Cartels. Now do not get me wrong here, those would be shocking headlines if we lived in a mere liberal state where one did not drop the legal system when it became politically inexpedient. But we live in that post-2000 times after the Glass-Steagall Act was ripped up, and the "community reinvestment act" was toasted on the fires of the Glories of the Clinton Era!
You do remember the Glorious Military Victories of Commodity Futures Modernization Act of 2000 and how it contained the Enron LoopHole or were you hoping we were going to be dodging say Gramm-Leach-Bliley Act which was also known as " Financial Services Modernization Act of 1999" that opened the door for the fiscal fiasco we are living in. ( would this be a bad time for folks to re-read the pdf The Origins of the American Military Coup of 2012 a paper written for the US War College at Carlisle Barrack, but, uh, is on longer available there?
Ah yes, now remind me again I am suppose to trust the remnants of the so called Officer Corp?
Remind me again that I have little to worry about since The Prudent Man Theory remains a corner stone of prudent banking... and that it is not just one more, well, Blackwater Banking Systems, formerly known as Xe, formerly known as Blackwater... trade ups from the days when there was a Federal Government that provide all of those Godless Red Socialist Services like contract law?
No seriously, remind me how safe I feel these days and that it is not like we are all in Catalonia again!
What if the Federal Government really is just one more mobbed up insurance programme that is not able to deliver our software or pizza in under 30 minutes.... you know, like in Snow Crash, and that we are all just players in the new and improved BurbClaves!