Sense on Cents

I had initially planned on writing today about a story of how the SEC is employing what could only be described as thuggery and intimidation tactics against a small credit ratings firm that has dared to pursue the truth.

The thought also crossed my mind of addressing a long overdue suit against another of Wall Street’s giants for propagating fraud within the mortgage  origination business. Are the regulators and prosecutors aware it is almost 2013 and that they are years late in pursuing justice on this front?

Why is it that when I think about both of these fiascoes and so much more, I feel that the powers that be in Washington and New York attempt to foist upon us a reality that could only be equated to The Twilight Zone. The lies, the perversions, and the daily stream of garbage that emanate from the political and financial  power bases can be overwhelming if we were actually to give it a degree of credibility. The lack of credibility ship and the losers aboard it sailed a LONG time ago. (more…)