The Patent Absurdity of Celebrating ‘Successes’ of Bailed-Out Banks

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27/07/2014 by Don Quijones

As the global financial system hurtles toward eventual collapse, our political and business leaders and their loyal servants in the financial and general press keep saying: “So far, so good” (or as the French say “Jusqu’ici tout va bien“). While no-doubt temporarily reassuring, this mantra cloaks a very stark reality – namely, that the bone-crushing landing is getting closer and closer.

The past week saw two perfect examples from Europe of this generalised tendency to deny or at least cloak the bleak reality of our financial malaise. One was in the UK, the other in Spain…

Read the full article @ Wolf Street.

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