Why Should Tomorrow Be Different?

I just don't understand. At all.

Jan. 26 (Bloomberg) -- Wall Street is marketing derivatives last seen before credit markets froze in 2007 as the record bond rally prompts investors to take more risks to boost returns.

Bank of America Corp. and Morgan Stanley are encouraging clients to buy swaps that pay higher yields for speculating on the extent of losses in corporate defaults. Trading in credit- default swap indexes rose in the fourth quarter for the first time since 2008, according to Depository Trust & Clearing Corp. data. Federal Reserve data show leverage, or borrowed money, is rising in capital markets.

Investors who retreated to the safety of government debt during the financial crisis are returning to ... synthetic collateralized debt obligations after last year’s record 57.5 percent rally in junk bonds left money managers with fewer options.... President Barack Obama’s adviser Paul Volcker has blamed credit swaps and CDOs for taking the financial system “to the brink of disaster"...

The Masters Of The Universe are doing the same things, all over again. This is the equivalent of doing Crystal Meth, and having your life, and the lives of people around you, destroyed by your addiction. Then, you stop; you get cleaned up and do a little twelve-stepping... then you start doing Teh Meth again -- because it's just so easy and feels so good and "just a little won't hurt".

And, because... well; the government will just bail the Banksters out again -- because Timmeh Gaitner and Mr. Blankfein will cry and make the DIJA go down if they don't.

We live in a world of greedy, insensate idiots, and there are times when I wish The Big Rock™ would just take us out because we're too damn stupid to breathe.

But, I'm only a dog -- and nobody listens to me.

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