Comment: Lipstick On A Pig

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Lipstick On A Pig

Watching Senator Levin grill Ina Drew about the meaning of "Tweaking" gives new meaning to the phrase "Putting Lipstick on a Pig".

Here are some choice comments in the UK Guardian amid the spectacle Friday of the Senate Committee hearings on the JPMorgan / London Whale $6.2 billion loss.....

"American readers of this paper - aren't you ashamed about what your country has become?

A corporate fascist state whose future is in the hands of bankers who are immune from prosecution and hold your economic future to ransom through lobbying or controlling the FED or government.

Sad that such a country founded on such high and honestly held ideals should become nothing more than a playground for Jamie Dimon to make his bonus."

The only way to prevent banks from becoming too big to fail is to start letting them fail. Barring that, banks like JPMorgan that take TARP bailouts and enjoy ZERO PERCENT funding from the Fed and pay outrageous bonuses while Main Street America picks up the bill, SHOULD BE BROKEN UP.

Ed Rombach