If we measure the accelerating banking concentration, this year’s G20 clause permitting bank bail-ins, and now the rewriting of the post 2008 legislation which had seperated tax payers deposits from exposure to bank trading risk, then in what way has anything been done to limit, rather than increase the excesses of the financial system?

Broken Money, Broken Markets
Today’s new highs are increasingly mechanical, not fundamental — and in a broken market, your 401(k) is the exit liquidity.

