Good morning, everyone. Nice bright sun this morning to balance temps in the mid teens. Coldest so far. But they say it will warm up over the week into the unseasonal 40s--with perhaps even a 50 late in the week. The south facing areas are clear of the snow we got Thursday night while the snow hangs on the shaded north facing areas.
Karl Deninger at the Market Ticker claims 'we no longer have a justice system.' I agree and have for a long time. I noticed how often Jon Corzine claimed that he didn't know how the sequestered funds at MG Global disappeared or where they went. The pundits said he was setting up his defense against criminal charges of embezzlement. But his ignorance leaves him open to prosecution under Sarbanes-Oxley. He and his lawyers it would seem are more confident that he won't be prosecuted under Sarbanes-Oxley and if they can preempt criminal charges he will get off scott free. How many prosecutions have been bought against mortgage originators for fraud in making loans or against services for perjury in conveying mortgages illegally or banks that illegally foreclose? The appeals court in Illinois again set aside the conviction of another man convicted of rape and murder in the 1990s even though the prosecution knew the man couldn't have committed the crime. But then our (in-)justice system has become a part of our national circus. Compared to the sensational trials of today the O.J. Simpson case was positively restrained.