Their Parents Crushed by the Housing Bubble and Recession, Now The Children are Fodder

http://dollardeathspiral.blogspot.com/2012/08/consumer-credit-minus-federal-student.html

Ex-TARP Cop Barofsky Speaks

Watch Neil Barofsky Lauds Barney, Blasts Dodd-Frank on PBS. See more from PBS NewsHour.

Watch Neil Barofsky on 'Foaming the Landing' for Banks on PBS. See more from PBS NewsHour.

Watch Neil Barofsky on the Corrupting 'Elixir of Power' on PBS. See more from PBS NewsHour.

http://fatboysez.blogspot.com/2010/10/what-do-greece-hungary-italy-niger-and.html#more

This is Not A Eurozone Problem. It is Contained

http://www.flickr.com/photos/teacherdudebbq2/7696744962/sizes/l/in/photostream/

LIBOR Manipulation, Derivatives and Bankrupt U.S. Cities

Burning For Netanyahu

Israelis try to extinguish flames from a protester who set himself on fire during a demonstration in Tel Aviv on July 14, 2012.

An elderly Israeli woman has set herself on fire, becoming the fourth person to self-immolate in the country over the past month.

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Moshe Silman, who died from his wounds a week after, criticized Israeli Prime Minister Benjamin Netanyahu in a note, saying "the state of Israel robbed me out of everything and left me with nothing."
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Hours before Silmon’s funeral, a 45-year old disabled army veteran died after setting himself on fire in a bus stop in the city of Yehud about 15 kilometers east of Tel Aviv.
Prior to the protest move, Akiva Mafa’i read out a letter and accused the Israeli officials of “taking from the poor and giving to the rich.”
http://www.presstv.ir/detail/2012/08/08/255225/elderly-woman-selfimmolates-in-israel/

Taking from the poor and giving to the rich. Related post:
http://fatboysez.blogspot.com/2011/01/burning-for-bernanke.html

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford

What Could Go Wrong?

"If governments allow themselves to be entirely bound to the decisions of their parliament, without protecting their own freedom to act, a break up of Europe would be a more probable outcome than deeper integration." Monti
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"The greed for German taxpayer money is blossoming in undemocratic ways with Mr. Monti," party General Secretary Alexander Dobrindt said. "Mr. Monti apparently needs a clear announcement that we Germans will not be prepared to eliminate democracy in order to finance Italian debts."
http://www.spiegel.de/international/europe/monti-comments-on-parliaments-in-euro-crisis-anger-german-politicians-a-848455.html

"The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than the democratic state itself. That in its essence is fascism: ownership of government by an individual, by a group, or any controlling private power.”

Franklin D. Roosevelt

Figures Often Beguile Me...

"Here, courtesy of Zero Hedge, we might be able to provide Dave with a clue as to how the BLS managed that little trick: It added 377,000 jobs for seasonal adjustment. That just happened to be the largest such adjustment in July for the past 10 years.
Moreover, the always interesting but not particularly reliable birth/death model chipped in 52,000 additions. Together, , which even by our rudimentary math dwarfs 163,000.these happy statistical enhancements added up to something like 429,000
http://online.barrons.com/article/SB50001424053111903940904577559010500932368.html?mod=BOL_twm_col#articleTabs_article%3D1