A hot new trend among traders is betting on packages of energy and agricultural futures. Kind of like the bankers bet on subprime mortgages, traders recently invented Collateralized Commodity Obligations.
Senator McCarthy almost brought our country down searching for a Red Menace that didn't exist. Let's not divert ourselves looking for little bad guys in the suburbs when we know where the real villians reside.
Let's take back some 70 odd bonuses and fail on all sides to see the systemic disease that got us here: short-term thinking and the lunatic need for a profit statement this quarter considerably larger than the last.