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The Vigorish is Too High

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Why, zero, of course. Why should we get a cut? Who do we think we are, The House? We're not. It's their house. We're just renting.

I don't know what we do about this. But let's start by being honest with ourselves and call this confidence game by its real name.

That TARP cash, the zero-interest loans, the untold trillions the Fed is pumping into the financial system, those aren't bailouts, or rescues, or stimulus packages.

It's protection money, pure and simple. We either pay the vig or they trash the store. They threaten, we cave. They're headbreakers, we're the poor suckers who can't keep our heads above water. And we never will.

Because the vigorish is way, way too high.

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San Francisco based columnist, author, gym rat and novelist. My book, "The Confessions of a Catnip Junkie" is the best memoir ever written by a cat. Available on Amazon.com, or wherever fine literature is sold with no sales tax collected. For (more...)
 

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How about Masters of Fraud. Instead of GS meaning ... by Edward Ulysses Cate on Tuesday, Jan 5, 2010 at 5:54:04 PM