We shouldn’t wonder that the loudest cries of “too big to fail” invariably arise from those with their snouts deep in the trough. The wobbly legs of the logic underlying their mantra can’t possibly prop up their swollen bodies, they merely appear to be standing courtesy of their immense obesity. The saddest part is that [...]

Moody’s just announced that “Preserving debt affordability at levels consistent with AAA ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion.” Behind all that high-falutin’ experty sounding blathering is flat out bullshit, engineered and released in advance of a predictable reaction to planned “adjustments” the masses won’t [...]