Unfortunately, we all lose. We live in an extraordinarily corrupt era. Those that ask questions aren’t sent to gulags anymore, they’re just marginalized as quacks.

Just ask any economist who tried to offer responsible warnings about what was coming 3 years ago. They were laughed at and considered chicken-littles.

You’re 100% right. Bear was fleeced from the inside, and we’re all going to pick up the tab (because, we can’t allow people’s risk-capital to actually bear any ‘risk’ can we?).

Good post.