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This notion that there can be a VPIN contract that somehow enables market makers to "stay in the market" is completely flawed. Who is going to provide liquidity for the VPIN contract when the crap hits the fan? No one. There will be a flash crash in the VPIN contract and all the market makers...

And many loans were based on fraud.

Unless there was fraud involved which there was plenty of.

Considering that Bank of America should already be out of business, things could be worse for them.

If you trade the same sort of contract in a regular account (for example MSFT) and then you trade that same contract in an IRA, then wash sales can be created due to this activity (across accounts).

The US Government's finances are already run by a one man hedge fund - Ben Bernanke. He uses no stops and he's using huge amounts of margin. It's a recipe for disaster.

Another rule by the SEC to "protect" the investor, but is in fact a load of crap.

Sort of how the permabulls were carried out of the game in 2007-2008.

Kind of like Cramer.

And here comes one of the biggest fallacies in terms of Bernanke's logic. He is supposedly one of the preeminent thinkers when it comes to the reasons behind the Great Depression. Just because he has thought it about a lot does not mean that he has come to the correct conclusion regarding cause...

And I suppose you do. Nice counterpoint!

Wow your argument is so succinct that it is almost like it has no substance at all!

For example, this whole notion that without the banks, the economy will freeze up is just plain bullcrap. First of all, if all the stupid idiotic moronic banks were allowed to fail, then new banks would RAPIDLY replace them. It does not take much to start a bank and there would be people...

Everyone says this as if it is a truth delivered from God. I would much rather have a world without BAC, MS, MER, GS, GE's financial division, and GM. They all have proven to be fatally idiotic in some way or another and they all should be put to rest.

Fallacy. This is what the entrenched financial institutions want you to think.

Bernanke is a complete and utter failure. In the history books, he will go down as even more destructive to our nation than Greenspan and that is saying something.

I don't see how anyone in their right mind can claim gold is in a bubble when the dollar is nearing worthlessness on a daily basis.

Off topic slightly, but when there is a major hub of the internet down, what determines if my internet traffic can get routed around that hub or just dies? There have been times where my cable provider can't ping IB because of some network malfunction but my DSL provider can. But my traffic...

That may be true, but a lot of your credibility as a journalist is based on the perception of you being an objective observer. If you continually use profanity to back up points or are obviously leaning towards a foregone conclusion, you lack credibility. Well then we agree Taibbi is not a...

I have pointed out many sentences and paragraphs from his latest article. Reread them very slowly. You will see Taibbi is clearly biased in his assertions and also that he infers or assumes facts that he has not proven and does not attempt to prove. If you consider that to be good journalism...