Bank Depositor Protection Act

cropped-bob-shapiro.jpg   By Bob Shapiro

I generally am NOT a fan of business regulation. I believe that simple enforcement of laws against fraud and other crimes should be sufficient to keep businesses on the straight and narrow.

Diligent enforcement of the law, together with every business’ best interest – serve customers, employees, and owners faithfully, or go out of business – should be all that is needed.

However, in many industries, large businesses have captured the regulators and have made a mockery of diligent law enforcement.

With that in mind, and mindful of the daily increase in the risk of a financial meltdown in the US, which would steal the savings of most Americans, I would like to propose a new regulation. (I apologize in advance for breaking one of my own cardinal rules.) But first, a little background.

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Countdown To “Grexit”

By Andrew Hoffman – Re-Blogged From http://www.Silver-Phoenix500.com

After declining for an incredible 47 of the past 51 days, the Baltic Dry Index has officially breached its all-time low of 554 – set in 1986, 29 years ago. Sure, propagandists will try to blame tanker “oversupply” rather than plunging end user demand – just as they blame the catastrophic oil price plunge on “oversupply” of high cost oil, rather than said “under-demand.” However, the fact remains that both the Baltic Dry Index and oil price are freefalling – in both cases, catalyzing massive corporate and investment losses; layoffs; and defaults.

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