OF THE
TIMES

"Government has coddled, accepted, and ignored white collar crime for too long. It is time the nation woke up and realized that it's not the armed robbers or drug dealers who cause the most economic harm, it's the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most. They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives." - Harry Markopolos, Madoff WhistleblowerThe tenth anniversary of the Wall Street created financial catastrophe brought back some bittersweet memories this week. I wrote my first articles during the summer/fall of 2008 for Seeking Alpha. They included: Is The U.S Banking System Safe? (Aug 2008), The Great Consumer Crash of 2009 (Aug 2008), Looming Financial Catastrophe: A Real Inconvenient Truth (Aug 2008), Is Wachovia the Worst Run Bank in America (Sept 2008), The U.S. on the Precipice (Sept 2008), On Board the U.S.S. Titanic (Sept 2008), Our Coming Depression (Oct 2008), among others. I was pumping out 5,000 word articles every 2 or 3 days.

Comment: Sanctions are one of the last means of destruction and coercion left to American exceptionalists. Their military is only good for attacking weak, third-world nations. Their regime-change efforts have failed in the last few years. No one really takes them seriously anymore. The only thing left is criminal sanctions. And that will only work for so long before target nations develop the means to work around the American-centered system. The U.S. had the chance to play nice and get along with other nations, but instead chose to take on the role 'exceptional' overseer. But such arrogance can only get you so far before the underdogs team up to take you out and put someone in your place who actually deserves it.