The dismal state of the US banking industry

The Daily Show takes a close look at the banking sector in the US where, unlike in many countries, the banks seem to be more like crime syndicates than staid financial institutions.

In the first clip, the show discusses yet another revelation about how the banks and ratings agencies colluded to play fast and loose with other people’s money while they got rich, knowing that what they were doing was corrupt and likely to cause a collapse. [Read more…]

More fun with the separatists

Yesterday I posted about the absurd plans of people who want to create separate armed enclaves where they hope to live free lives without the government imposing its will on them. As readers were quick to point out, while the military fortifications and weaponry envisaged may have been barely adequate in medieval times, it would take a modern army less than five minutes to overpower them. [Read more…]