“When the final report on the risks of the US financial system is released in 2010 — and it is likely to cause a stir internationally — only one of the people in positions of responsibility today will still be in office: Ben Bernanke.”

I have to watch the election from a distance, the Potemkin village that is our political system is no longer funny or charming. Who the next President is, is largely irrelevant. Why such a negative disposition?

Because the IMF is going to subject the databases of major financial institutions in the USA to a stress test. Yeah, oh shit is right.  Read more