OUTLOOK FOR 2012 - A PREVIEW

The present refusal of the Status Quo to impose the rule of law on financial crimes is best captured by the Vietnam War-era quote: "We had to destroy the village to save it." To save the fragile financial sector from the consequences of its systemic fraud and embezzlement, the Federal government has purposefully destroyed the rule of law: the laws governing banks and financial transactions are not being enforced, lest that enforcement bring down the house of cards that enriches and sustains the political Elite.