The problem is that those who have “real banking experience” are also the ones who were in the banking business that drove the economy into the ground.

The real problem is that there is no political will or no one with enough political power to actually get the reforms that are needed into law. Everyone worships at the altar of “free markets”, repeating the mantra “government = bad”. We have the best government that money can buy, and no one at the top of these “banks” wants to put any regulations in place that will actually fix this mess, and the dead men walking were not allowed to fail. Our government has decided that banks are more important than people, that profits and the bonus pool matter more than our nation’s economy. When the ordinary man goes into business and the business fails, he loses. When the largest financial companies go into business and they fail, they get bailed out, their executives still get their bonuses, they even get the flu shots that should have gone to children.

I look for more of the same, no matter who is in the WH. The rich and the powerful must be protected at all costs.

New gold bugs making gold investments mainstream

Tudor, Paulson, Greenlight, Hayman bring precious metal in from the fringe

That is a great comprehensive look at the motivations behind the gold trades of some major fund buyers out there

Q. How do you solve the fallout from a bursting bubble?

A. Blow a bigger bubble.

Of course we have a Prez with the same problem.