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A defendant in a court case had to spend the weekend in prison because the RBS computer failure prevented his bail money being processed, The Daily Telegraph has learnt. The unnamed man was granted bail at Canterbury Crown Court in Kent on Friday, on condition that a surety was paid before his release. But the computer glitch that has affected 17 million customers at RBS and two of its subsidiaries, NatWest and [...] From Jesse’s Café Americain: Crony capitalists are never interested in the risk and rigor of “free markets,” only in the surety of monopolies and obtaining a license from the authorities for extracting rents from them. They alternately create artificial abundance and scarcity to influence prices, with the objective of lining their pockets. This move by JPMorgan to enlarge their warehouses and stockpile key commodities helps to demonstrate the growing scramble for resources [...] by Gresham’s Law Why You, They And — Hell — I Might Just Buy That Parabolic Move In Gold… It may be just me, but it seems like majority of market participants are terrible at dealing with one of the rudiments of life as a human being; time. It is almost as if the herding man lives in constant contempt for his former self and dogmatic surety about his current convictions (whether they relate [...] by Mako That was a good news piece!!! Denninger was awesome. The money came from you when you signed, your signature created that which they claimed they loaned you. They never once loaned you anything.  Your so called mortgage note goes into a checking account, they then withdraw to pay for the house they claimed they loaned you. They just got equity in your house without one dollar. The fiction with [...] |
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