“High finance isn’t burglary or obtaining money by false pretenses, but rather a judicious selection from the best of those fine arts.”

- Finley Peter Dunne

Former Federal Reserve Chairman Paul Volker says that the only truly valuable “financial innovation” in the past 25 years was the ATM machine. So long as we continue to believe that others with fancy offices and marble floors have only our interests at heart, the “burglary” and “false pretenses” will never end. Don’t forget what they call a “great sell” on Wall Street: “Putting lipstick on a pig.” Keep your eyes wide open and your wallet tightly in your pocket.

© 2010 Alan L. Sklover. Commercial uses prohibited. All rights reserved and strictly enforced.