Recipe for Disaster: We're Mixing the Ingredients in a Bowl

I have said that we are making all the same mistakes that Hoover and FDR made in the early 20th century that turned a routine recession into the Great Depression (all the mistakes save one, and we have Ben Bernanke, but not a single soul in elective office, to thank for that). Today, the top bank analyst on the street says that the SEC's bombing of Goldman Sachs could engender another financial crisis. Bove is merely saying what I've been saying, we are making the same mistakes again. Government can crater the system again through its vendetta of regulation. ObamaCare is today's NRA. We have small trade wars smoldering, threatening to burst wide open. Taxes are on their way up to highly distortive levels. And now we are on a campaign to destroy our best capital markets institutions. We are mixing the batter, but we have not yet baked the cake. If we avoid a double dip it'll be by a small miracle, a positive Black Swan, like when my three-year daughter decides to "help" and dumps a load of salt into the cake batter and we are forced to pitch it all and start over.