Civilization, in every generation, must be defended from barbarians.
The barbarians outside the gate, the barbarians inside the gate, and the barbarian in the mirror...
Saturday, March 14, 2009
Denninger does an A-plus job in explaining the banking business and what has gone wrong. The post is a great piece of general education rather than a topical rant (not that there's anything wrong with Denninger's excellent topical rants). Well worth a read.