Iceland and the Law of Fraudulent Conveyance

As readers of this site may know, I am an keen observer of the ongoing drama in Iceland. What is going on in Iceland mirrors the drama in a good deal of Eastern Europe as well. There are people who would lead you to believe that the recently concluded G20 meeting in London achieved positiveContinue reading “Iceland and the Law of Fraudulent Conveyance”

Terminal Keynesian Psychosis

I was listening to NPR on my way back from my morning workout when I heard that Ben Bernanke and Larry Summers had said that they saw evidence of “green sprouts” starting to appear in the economy. This is the same deluded Bernanke who recently said the recession would bottom by mid year with recoveryContinue reading “Terminal Keynesian Psychosis”

Pitchforks and Torches

This post image reflects a recent comment by President Obama addressing bankers in which he used the phrase of “pitchforks” being wielded by unhappy citizens.It’s a surprising image harking back perhaps to the 1931 film Frankenstein when the villagers came at Dr Frankenstein’s villa looking for the monster. It gives me a glimmer of hopeContinue reading “Pitchforks and Torches”