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My friend, Paul Kedrosky, posted a very profound image (see below) this morning on his site in a note titled, "White Powder, Threats, and Financial Services Companies"...

This is what American leadership at "Investment Banking Inc." has brought us to. It's embarrassing, and sad, all at the same time.

Building back the trust of the people who's money Wall Street manages will be a process that will take time.
KM