Monday, September 5, 2011

HOORAY FOR THE BANK REGULATORS: IT'S ABOUT TIME!

US authorities are to sue 17 major banks for losses on mortgage-backed investments that cost taxpayers tens of billions of dollars.(article in BBC)

Realizing that just because we are pretty sure that someone is guilty, supposition is not sufficient evidence for a court to prove someone's guilt.  Without doubt, the regulators got what they needed and, once fond guilty in a court of law, Medicare might even be saved.

Just thin, today is Labor Day, misnamed as it was voted to be a day of rest.  At one timer there was a women's hospital for the delivery of babies.  That hospital no longer exists, having faded from its former title, The Boston Lying-In Hospital.   The receptionists used to answer the phone with, "Boston Lying-In, where every day is Labor Day."


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