Still holding the trade channel. I took some profit this morning... I'm a total chickenshit.... but with more money in my pocket.

I hate to agree with the libertarian contingents... but the reason we have so much financial fuck up is because we keep extending the moral hazard of bailing out the "financial institutions"... at one point the counter-party risk will be large enough that we can just allow every publicly held company to get money from the discount window.

Calling it moral hazard is weak.... The better way to verbalize it would be to at least start talking about the reason we get into these problem is because of all the past moral hazard from the banks, oh... and other financial institutions..... and how they don't live in the free market with the rest of us.

But how else do you enforce an Society of Aristocrats, but by allowing them to live by different rules than non aristocrats..... They are special, and need different treatment.... Maybe all companies in this country need their own printing press.