The fix is in

Bernanke: Regulators must avoid rules that are ‘burdensome’ to banks.

Such policies of course include letting the TBTF banks mark-to-fantasy rather than following GAAP and mark-to-market like everyone else, plus not filing criminal charges against them because the Fed guarantees much of their toxic slop and it would just be bad for business if high-ranking banksters went to prison. Because really, if a big bank launders hundreds of billions in drug money, it would just be ‘burdensome’ for those responsible to be criminally indicted, don’t you think?

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.