The deeper REAL Financial Analysts (not pundits passing themselves off as such, or "spokesmen" spouting someone's agenda) dig into the LIBOR Scandal, the more one can appreciate what a complex game has actually been going on and how much the 1% has profited at everyone else's expense.
Folks in the Bond Markets have "made out like bandits", while the rest of us watched "Rome burn" as it's guardians played out distracting little dramas on the MSM. The depth of the US Government's knowledge, as well as Wall Street's complicity is just getting a little light shined on it.
Right now, for all this to be going down, couldn't be happening at a worse time. The EU is not just tapped out-but over-drawn at the bank. Germany has been keeping all this afloat, but if Merkel plans on still being Chancellor in 2013, she just might have to bring the ax down.
So, if the Bond Market Bubble Bursts, and the EU AND it's Banking system goes away, where does that leave us?
In the classic movie version of Mary Shelley's 'Frankenstein', even though the Mill was a vital asset to a rural community in Germany in the 1800's, when the villagers had enough of the monster's hi-jinks, they had no problem burning it down to rid themselves of the thing they feared the most.
The symbolism is tantalizing.