"The Greek situation reminds me of another, which has been 'forgotten': Satyam. Here was a company, ranked 4 in the prestigious Indian IT industry, that continuously perpetuated a fraud for 10 years and there is no public outrage. What worries me is that this clearly indicates that the people are not affected emotionally by fraud and accept it as normal. Also if a company that was always in the limelight, has done this, on this scale, it makes you wonder what the lesser known companies are up to.

"Any bull market creates excesses and a long bull market, like this one, creates bigger excesses. This bull has been lengthened because Governments have realized it is to their advantage to support it. Governments, though they have finite resources, can easily augment that by printing, and so the stock market bears may be in for shock. The gold bulls can look forward to a party of their lives."

David Fuller's view Fraud is a tax on productivity. Therefore it is the enemy of progress and should be condemned by all who agree, especially if they are free to speak out, as you have done.