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"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

Banks are the tail that wags the dog

In response to an FT article by Tom Braithwaite, on 18th April 2014, entitled 'Goldman looks to fight rivals with capital advantage'

Last night reports in that an emaciated dog with an extremely fat tail was spotted roaming the streets of New York snapping at anyone carrying groceries. Vets called to the scene to pacify the dog have speculated that it is suffering from 'too big fat tail', a rare disorder in which the tail parasitically consumes all the energy that the dog eats, and eventually ends up wagging the dog. The condition is compounded by large 'blood engorged' fleas that live on the tail. 

A New York vet called to the scene confirmed "this condition has been spreading since first noticed in the 1970s, and reached epidemic proportions in 2008. We should have amputated the tails of these dogs back then, but the Washington Association for Canine Optimisation (WACO) were convinced the tail served a useful function and should be kept. I'm afraid that no amount of food or drugs will now pacify these dogs, and putting them down would be the most humane thing to do. So far WACO have refused to consider it".

Further news as the story breaks

Tom Braithwaite says Goldman is struggling to restore brilliance

Real 'solvency' requires more than a printing press