Financial Crisis Inquiry Commission is split. BIG Surprise

Is it surprising that the FCIC has 3 separate conclusions that are based on opposing ideology? No. Do we expect anything different from Congressional Baby Boomers? No.

The Municipal Bond Market is scaring me right now. Not good.

Yves Smith does an excellent takedown of Michael Lewis' book The Big Short here.

Horrors!! The CBO has revised their budget deficit for cast for 2011 from 1 trillion to 1.5 trillion because of the extended tax cuts. HOW can anyone claim that tax cuts don't cause deficiets? MORONS, that's who. Whoops, I'm sorry. I meant to say our distinguished collegues of the GOP. Want further proof? Just watch Paul Ryan's and Michelle Bachman's SOTU rebuttal speeched from Tuesday.

This whole 'have your cake and eat it too' BS of the lat 30 years is really causing some damage in it's death throes.