Jon Corzine’s MF Global is missing $600 million of customer money, and the bankruptcy trustee has no idea when it might be found or when investors might be paid back, if ever. The New York Times today says that the investigation points to the conclusion that the firm simply misappropriated (that is, stole) customer money to back up failing bets on the distressed bonds of | Read More »
Quinnipiac has polled the American people about Occupy Wall Street. The numbers are not what Adbusters would have hoped for. Thirty percent overall view them favorably, 39% wish to see the occupation ended. 31% wanted to know when LSU vs. Alabama kicks off.
The #OWS movement has become like the Type II Diabetes of a customer at an all you can eat buffet. It won’t go away, and it has become accepted as a problem of everyday life now. A portion of this longevity can be traced to its political expediency to a media-favored and embattled incumbent president. Part of this can be ascribed to the tenacity and | Read More »
…the rational herdsman concludes that the only sensible course for him to pursue is to add another animal to his herd. And another; and another… But this is the conclusion reached by each and every rational herdsman sharing a commons. Therein is the tragedy. Each man is locked into a system that compels him to increase his herd without limit–in a world that is limited. | Read More »
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