want to buy here's why bankers deserve capital punishment read these two stories this is from barry ritholtz and both stories relate to the volcker rule and the lobbyist that have bastardized the whole thing the volcker rule made bloated a week yes they couldn't kill the rule instead they are getting congress and regulators to render it morbidly obese and bedridden so i guess the american population will have sympathy for those you know people who have to be airlifted out of their beds well they've turned the volcker rule which of course is named after paul a vocal former chairman of the federal reserve and is meant to bar financial institutions that are protected and subsidized by the federal government from trading for their own accounts that is it's pretty simple traders shouldn't speculate for their own personal gain using the money you and i pay in taxes because there's no deterrent in other words they hit area bankers committing crimes but instead of prosecuting them for criminal behavior they said well let's create another piece of legislation the volcker rule and by four it gets into

mag that's right from barry ritholtz in the word of the day the debt or be deader is a noun and indebted consumer who is only able to pay the debt. interest each month . the debts never go away they only pay the interest they're always in debt and this applies throughout the entire economy not just on credit card debts but mortgage debts anything that touches the consumer now if you look at the bankers of course they're involved in a very interesting situation in that they never pay interest on phantom debts. they loan into existence phantom debts that are on collateralized that they themselves only understand the configuration thereof but they never have to pay interest however they get awarded norma's fees so here you have the two pillars of society zombie debtors who never escape and clown bankers who never have to pay debt so the zombies and clones yep wherever there is a zombie debt or you can be sure there's a zombie creditor and as zombie central banker feeding the mom the fed is starving economy of interest income so warren most layer of former broker manufacturer and co-founder