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The kleptocracy rolls on

"It's only gotten worse"

"Black Tuesday", "It Takes a Pillage" , 1929, 2008, Bear Stearns, Dodd-Frank Act, Goldman Sachs, investment banker, Jon Corzine, MF Global, Occupy Wall Street

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She gets it and explains it better than just about anybody.

It's worth taking the time to listen to the whole thing.

Possibly the most important economic question today is can an economy run on massive, widespread fraud?

Maybe it can, but if that's the "new normal" it's best not to get your information from MSNBS, Fox, the WSJ and other non-nothing media outlets who pretend things are "OK and slowly getting better."

They're not. The crescendo of fraud just keeps rising.

As Prins points out, the fraud and recklessness is markedly worse than 2008.

That second leg down - the really big one - is going to be a doozy.