More news about the harsh realities of the ACA (AKA ObamaCare)

“This post is a round-up of the current issues in the never-ending saga of ObamaCare, Rube Goldberg device (an example for those who came in late[1]). There are three current issues:

1) The new and improved ObamaCare website. Does it make “smart shopping” possible? Spoiler alert: No.

2) The collapse of ObamaCare co-ops. Was it pre-ordained when ObamaCare was passed? Spoiler alert: Yes, but there’s unexpected hope.

3) The current court challenge to ObamaCare, Sissel. What does it tell us about Democrats?”

(There’s plenty more to cover — premium increases, for one, as well as the actual policies made available — but these three issues are the hot stories right now.)

– By Lambert Strether of Corrente at nakedcapitalism.com

Click here to read the article

Five Big Banks Plead Guilty to Rigging Currency Markets,Get Slap on Wrist,Investors are pleased [Video]

“…essentially banking has become a kind of criminal enterprise. And we’re talking about multiple crimes over multiple years, committed by the same institutions under the administration of the same senior executives. So it isn’t a quick case of one or two rogue traders or bad actors here. We have an institutional problem, a real culture of crime and opportunism within these financial institutions.” – James S. Henry