J. Bear MorganMu seizes the initiative

The classic example of “chutzpah” is killing both your parents and then begging for mercy because you are an orphan.

But it is time to retire that example and replace it with blowing up the global financial system and then launching a massive propaganda campaign to preach to us about “The Way Forward”.

This would be jaw-dropping even if it were not a pack of lies.

One more time: Too big to fail is too big to exist. Seize them. Break them up. I know, it will never happen. And thus we sow the seeds of the next crisis.

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