Quote for the Week, March 30-April 5, 2014

The belief that wealth subsists not in ideas, attitudes, moral codes, and mental disciplines but in identifiable and static things that can be seized and redistributed is the materialist superstition.
--George Gilder

Ken Lewis Finally Gets His, Sort Of

One of SIGTARP's first cases: Bank of America, ex-CEO Lewis settle NY lawsuit over Merrill http://t.co/zjjSwzwNQx
— Neil Barofsky (@neilbarofsky) March 27, 2014

It only took five years to settle this case, which stems from Bank of America's takeover of Merrill Lynch (refresher here).  Notice that Lewis pays zilch (keeping all $135 million of his deferred compensation) as shareholders pick up the legal tab.  Bloomberg's Jonathan Weil explains here why Lewis wins--and why Hank Paulson and Ben Bernanke might have been the real culprits.

Oh.  Then there is this, on the very same day:

$BAC Bank of America settles with Fannie and Freddie for $9.5 billion: Bank of America settles with Fannie an... http://t.co/rPD11w1oyD
— FinancePress (@thefinancepress) March 27, 2014

Tuesday Tune-up

Bryan Adams, Rod Stewart & Sting, "All For Love"

Quote for the Week, March 23-29, 2014

At the end of the day, fiscal discipline is the fundamental predicate of a free society.
--Jerry Brown, Governor of California

Tuesday Tune-up

The Cardigans, "Live and Learn"

Quote for the Week, March 16-22, 2014

You should never be proud of doing what's right.  You should just do what's right.
--Dean Smith, former UNC men's basketball coach

Tuesday Tune-up

The Sea The Sea, "Love We Are We Love"

Changing of the Guard in Ukraine

Interviewing protesters in Independence Square

Quote for the Week, March 9-15, 2014

And to him war was a thing like earth and sky and water and why it was no one knew but only that it was.
--Pearl S. Buck, The Good Earth

Tuesday Tune-up

The Band Perry, "Don't Let Me Be Lonely"

Quote for the Week, March 2-8, 2014

Sometime, in dark quiet moments alone, a Bond King may realize he was just lucky to coincide a career with a secular disinflation.
--Kevin Ferry