It's time to stop the nonsense.

In a related NY Times article this weekend, there was an interesting discussion by Andrew Ross Sorkin that relates to my fears of how long this nonsense will go on. A couple months ago, I wrote a piece that went into my concerns that capital markets were being over-run by gangs that operate under the name of "private equity".

These people have the deep pockets to organize themselves to take advantage of public capital markets, and they want to. That's why they call themselves "private equity".

And like anything "private" they do their business in secret, outside the sunlight that is so needed by capital markets for its survival.

As I have stated before, these organized gangs buy the most expensive lawyers. They buy the media. They buy former leaders of the military. They buy the best lobbyists. They buy relationships with the commercial bankers who the public turn to for deposits and loans, and advice.

They even offered to buy the National Hockey League.

These people are rich and connected. They buy pretty much whatever they want.

They do that to enrich themselves and to make you poorer. Take heed my friends.

What you and I have in hand is something they want. It's called the capital market.