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Thank you,
Leo Kolivakis
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Pelosi and others receiving death threats.
Eric Cantor's district office window gets shot.
Barney Frank verbally accosted on airplane by two female Dr.
Reps retiring in large numbers.
Blogosphere alive with outrage .
Gun sales up...
PM sales up...
Militia activities up...
Third parties getting popular support and msm disdain.
Unemployment gets higher every week despite trillions in stimulus..
One of the oligarchs is soon to be physically injured, by Marla ?
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Slick Willy Rewrites the History of the Financial Crisis and Regulation, Blames His Advisers | Jesses’s Café Américain | April 18, 2010
The hypocrisy of the oligarchs knows no bounds.
Bill Clinton conveniently forgets the hundreds of millions of campaign contributions that he and Hillary so famously raised from Wall Street for the Democrats. They taught their party, always a bit chaotic but left dispirited after the Kennedy assassinations, that 'greed is good.,' and it certainly pays well. You can put up $1000 and obtain a return of $100,000 in a futures market of which you know nothing, and do nothing, if you know the right people.
The price of their perfidy was the overturning of Glass-Steagall and the planting of the seeds of the bubbles and financial crises that the US is still experiencing today.
There is no doubt that George W. Bush hatched the egg, and nurtured it into a ferocious buzzard of fraud and greed. But Bill Clinton laid the egg. And Obama continues to feed the beast, and maintains the very same advisors that Clinton blames in the Rubin proteges Larry Summers and Tim Geithner.
Americans embrace the "CEO defense." Hey, everyone makes mistakes. All you have to do is say, "Oops, I made a mistake" and all is forgiven, from Greenspan to Clinton.
When you make a big enough mistake, or a series of mistakes, and profit by it, and your actions have the stench of corruption, you should be sacked, disgraced, and shunned for a decent period of time.
The elite media is in a panic. I had the opportunity to watch "The Chris Matthews Show" and the comparisons of Tim McVeigh, Ruby Ridge, and Waco to the Tea Party Movement went way over the top, suggesting the possibility of imminent crisis. I can almost see the over-reaction and paranoia coming over the horizon. …
[T]he grievances are legitimate, the Congress is corrupted by the current campaign contribution laws, the US financial system is rife with fraud, the economy is dysfunctional as a price discovery and capital allocation system, and the inequality of power and wealth is a significant obstacle to progress and domestic tranquility…
How all this resolves is difficult to see. A new financial crisis will almost certainly bring things to a head, but it remains to be seen how America will react to the realization that they have been badly used, and are expected to suffer, in some cases greatly, for it. But before America the jackals appear to be descending on Europe. And Europe, and especially the UK, may provide us with some insight into the future of the world's greatest but declining superpower.
http://jessescrossroadscafe.blogspot.com/2010/04/slick-willy-rewrites-history-of.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29
How about this--no entity that has brokerage customers or federal deposit insurance can trade for its own account, period.?!! Fidelity does quite well without trading, by the way.
BIGGEST QUESTIONS:
Possible scenario. Could it be the lone gunman (rogue trader)? We got him and now we are all clean, could the bad publicity be overcome. I would tend to agree with you, and think it is a transference of wealth.
According to Leo: "And notice how it's always some guy from France from a "prestigious" school with "exceptional mathematical skills" who is behind these complicated derivatives? Maybe these schools should teach these "geniuses" some basic ethics!"
Sadly, by the time these "geniuses" get to these prestigious schools, it is way too late to "teach" them ethics. Ethics are instilled over a lifetime, starting from one's earliest days. In addition, being ethical is not part of the job description at many (or dare I say most) of these firms. I went to a well-known East Coast business school way back when for my MBA, and will never forget a case study about a company polluting a river and causing cancer amonsgst many of the residents living near the river. Much to my shock, instead of discussing how the company could rectify the harm that it had caused, most of my classmates offered up schemes on how the company could avoid responsibility. Infuriated and scared, I raised my hand at the end of the class and expressed my outrage, stating simply that what the company had done was wrong and that the company needed to make amends. I had cracked the case. But it was a hollow victory. Little has changed, in fact I believe it has only gotten worse. I will never, ever forget that day in class.
Generational brainwashing of the Ivies. These are the assholes that run the country, run Wall St, run big corporations, and are seen as "leaders" in business and thought throughout the country.
When I moved to the US, I noticed this sick trend permeating through most of those that went to these institutions. Narcissistic, sociopathic fuckers they are.
its pretty simple sally... without belief in a God who gave humankind the ability to know right from wrong, there is no such thing as ethics or morals. This is where we are as a society and as a world community. Its all about winning for yourself. Do you really believe that most people making millions on wall street would ever stand up and confess for their wrongdoing? You could easily be outraged ina class setting. However, if you were making a couple mil running a business and had to make certain decisions that would affect jobs, etc, you might make the wrong one too if you don't have a purpose for having ethics and morals. Tell me one place in the world that has become better ethically and morally? No, only worse.
If you don’t have an unchanging standard you can live by you don’t have anything. When Bertram Russell died, the Bertram Russell standard of life died with him. When Christ was crucified, his standard lived on.
its pretty simple sally... without belief in a God who gave humankind the ability to know right from wrong, there is no such thing as ethics or morals.
Would have to disagree. I don't need the belief of a God or a religion to have morals and ethics. There are many so called Godly men that didn't have morals and ethics.
That would just make you a weakling. Nietzsche's statement, "If God is dead, then anything is permitted," is correct.
That would just make you a weakling. Nietzsche's statement, "If God is dead, then anything is permitted," is correct.
If you read the works of Nietzsche you would know that that is out of context. He wasn't pro-religion or God. In any case there are people that don't believe in God that live good lives, and there are people that believe in God and live good lives. To me personally its just another boundry in the mind which I am free of.
I wasn't quoting him as if he were "pro-religion or God." If there is no God, then have the courage of your convictions and take that idea to its logical conclusion. What is a "good life" if there is no God? Everyone leads a "good life" in their own mind.
Good life as far as morality and ethics which we were discussing.
Nevermind, you don't seem capable of following the conversation. Since, you can't grasp the full implications of your own beliefs, you miss out on their existential horror. No trip to the insane asylum for you.
Well said.
Amazing they found something to charge him with after Wall Street lobbyists succeeded in getting all the restrictions on OTC derivatives revoked with the Commodity Futures Modernization Act of 2000. Michael Greenberger, professor at the University of Maryland School of Law, points out that:
“The CFMA removed OTC derivative transactions, including energy futures transactions, from all requirements of exchange trading and clearing under the CEA. Thus, in one fell swoop, the OTC market was exempt from capital adequacy requirements; reporting and disclosure; regulation of intermediaries; self regulation; any bars on fraud, manipulation and excessive speculation; and requirements for clearing.”
And the Wall Street lobbyists are at it again, trying to defeat the current reform bill, so they can continue with the fleecing and destruction of America. The people must let their representatives know that they're sick of government of the big banks, by big banks, and for big banks.
Commodity Futures Modernization Act of 2000.
It started before that and was out of control before this was passed. This was just reinforcement.
+ 1000. Everyone should google CFMA 2000 as a starting point to analyze the background for nearly every financial fraud in the past ten years. Then you can understand why the perps don't go directly to jail.
It's all about "change"...yeah, that's the ticket!