Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Sunday, December 26, 2010

Editor's Note

New articles for the Grand Deception series are on the way. Recently, I've experienced some health problems and with going back and forth to specialists and therapy, I've been quite busy. Throw in my work schedule and the holidays and I have had no time to write. Fortunately, my medical situation is not too serious and I'll be back in the saddle soon.

The next three articles will be on collateralized debt obligations, naked credit default swaps, and proprietary trading. Once those are done, what will follow will be a chronological replay of the crash; who, what, when, and, most importantly, why.

My thanks to those who inquired, best wishes for the new year to all.