Whee! I Can See!

For the past several months I have been off line due to the decline in vision of my one good eye. The cataract surgery a few days ago has been a success. I had delayed because botched work in my other eye 10 years ago had destroyed normal vision.

A thought for the period -- the massive Ponzi schemes from which we are now suffering are the work of our investment bankers and Wall St. brokers. I am only a legal philosopher by profession, but I had predicted our crash in the spring of '07. My father had been an honest broker and had muttered his outrage to me at the schemes of his day which are pretty much the same as those of the present. The game is to sell worthless stuff at high prices to the suckers who get stuck when the markets wake up and no suckers are left to inflate prices of things worth sometimes 0 or routinely as little as 1/40 sale prices.

Don't panic. Suckers never learn.

Ed Kent

P.S. Apologies to list members for not getting spams corrected.
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"A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope." (Livy cited by Machiavelli)
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Ed Kent 212-665-8535 (voice mail only) [blind copies]
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