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Why Did Fed Advocate #1 Mel Watt (And 7 Others) Hold A Fundraiser Within 48 Hours Of The House FinReg Vote?

Tyler Durden's picture




 

These are the kinds of stories that just make one's blood boil: the WaPo reports that the Office of Congressional Ethics (find the 10 oxymorons) is investigating either allegedly violently corrupt congressmen who held fundraisers within 48 hours of the House vote on Wall Street reform. This is not only pathetic, this is stupidity on a gargantuan scale: America deserves its manifest despotism for allowing such cretins to be voted in. And who leads this particular parade of 8 dunces? Why our old friend, North Carolina Democrat, Mel Watt, whom we have written extensively about before, specifically in his capacity of Fed advocate #1, who repeatedly tried to kill the Paul-Grayson bill to audit the fed (we refuse to capitalize this institution any longer). For previous stories on Watt's BofA/Wachovia/American Express/ABA-facilitated escapades, read here and here. And just in case the purpose of the probe was not quite clear to our less than cynical readers, here is the WaPo explaining why these are 8 Congressmen who have hopefully just waved all their chances to reelection goodbye, and hopefully will find a job at their Wall Street-based sponsors: "The probe is focused on whether the timing of accepting the campaign checks created an unacceptable appearance of a conflict, according to sources familiar with the investigation and letters sent by the OCE to lobbyists requesting information. The OCE's spokesman declined to comment for this article, citing the ongoing nature of the investigation."

More from WaPo:

The office is scrutinizing five Republicans and three Democrats, a diverse group that includes a conservative, Rep. Jeb Hensarling (R-Tex.), and a liberal member of the Congressional Black Caucus, Rep. Melvin Watt (D-N.C.).

Seven of the eight members held fundraisers for their reelection campaigns on Dec. 9 or Dec. 10 -- just before the House voted Dec. 11 in favor of a bill to make broad changes in how Wall Street and financial firms are regulated, according to a Washington Post analysis. Rep. Tom Price (R-Ga.) held a "Finance Services luncheon" at the Capitol Hill Club on Dec. 10. On the same day, a lobby firm with financial clients, Davis & Harman, hosted a fundraising breakfast for Rep. Earl Pomeroy (D-N.D.) at its Pennsylvania Avenue offices.

Watt held a Dec. 9 fundraiser and soon after withdrew a proposal he had introduced to subject auto dealers to tougher regulations, according to congressional records. The fundraiser generated checks largely from finance groups, including Goldman Sachs and the Investment Company Institute. In an interview, Watt said he will answer the OCE's questions and declined to comment on the investigation.

The House ethics manual instructs members to steer away from accepting campaign donations if the timing creates an unacceptable appearance of a conflict of interest.

The other members under review are Republicans John Campbell of California, Frank D. Lucas of Oklahoma and Christopher Lee of New York and Democrat Joseph Crowley of New York.

Jamey Delaplane, partner at Davis & Harman and a former Pomeroy staff member, said his event for Pomeroy was planned seven weeks prior, when the timing of the House vote was not known. "Clearly, we had no sense this would coordinate in any way with the House financial services vote," he said.

And all this is happening even as Dodd and Frank are selling the collective future of American generations at an NPV of some hyperinflated discount rate, just so Wall Street can pick the pockets of the working class for a couple more years.

 

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Wed, 06/16/2010 - 18:48 | 418201 Anonymouse
Anonymouse's picture

For those that don't know, Mel Watt is the beneficiary of extreme gerrymandering known as the NC 12th District.  In its original incarnation in 1990, it was in some places no wider than I-85 so its computer generated constituents would be in a contiguous district.  There is NO chance Watt ever will be voted out.  The corrupt NC legislature (dominated by eastern NC liberals) will never allow his district to morph into some shape that would endanger his incumbency.  It almost makes me ashamed to be from NC.

Wed, 06/16/2010 - 20:31 | 418391 demsco
demsco's picture

Check out Mel Watts financial disclosure from Spetember 2008 and tell me why he was trading inverse and other leveraged ETF's during the critical votes for TARP. Not that our politicians would ever profit from our demise, but it is worth a look at opensecrets.org

Wed, 06/16/2010 - 20:32 | 418392 pigpen
pigpen's picture

Senate accepts expanded FED audit. Really?

Tyler, I must be dreaming.

 

http://www.huffingtonpost.com/2010/06/16/senate-expanded-fed-audit_n_615197.html

Wed, 06/16/2010 - 21:02 | 418428 illyia
illyia's picture

Interesting... I wonder what's going on behind the scenes.

Also: Great article from Jane Hamsher - recognizing ZH/TD's stance.

http://www.huffingtonpost.com/jane-hamsher/can-the-internet-fix-poli_b_599564.html

Wed, 06/16/2010 - 23:51 | 418709 Trimmed Hedge
Trimmed Hedge's picture

Really?

People are still saying "really?"?

 

It's actually more annoying than people saying "actually" all the time.

Thu, 06/17/2010 - 01:06 | 418808 Village Idiot
Village Idiot's picture

Really?

Thu, 06/17/2010 - 01:29 | 418831 faustian bargain
faustian bargain's picture

Actually, yes.

Wed, 06/16/2010 - 20:48 | 418394 milbank
milbank's picture

The bottom line on Mel Watt is he represents a district that employs a major amount of people who work at the home offices of Bank of America and Wachovia, which is now part of Wells Fargo. 

In other words, he represents and is owned by Bank of America and Wachovia.

If those two banks went under, Charlotte would revert back to the backwater southern town it was before they picked Charlotte for their headquarters.

Anything Mel says is going to be about supporting those two banks and their interests.  He will say and do anything to support them.  He exists as a politician at their pleasure.

Any of the legislators involved in banking, Dodd and Frank to name just two, have a large amount of major national and international banks and their employees as their constituency.  That is how this country is run.  They have their jobs as long as they represent the interests that employ their constituencies which, of course, is how they get elected.

 

Wed, 06/16/2010 - 18:51 | 418208 Mark McGoldrick
Mark McGoldrick's picture

Unbelievable. They should be hung for treason.  

Wed, 06/16/2010 - 19:00 | 418223 Mactheknife
Mactheknife's picture

We have the best damn politicians that money can buy. Well, maybe not. If that's the best money can buy, inflation must be worse than even ShadowStats thinks. Say this three times out loud- term limits.

Wed, 06/16/2010 - 19:43 | 418317 septicshock
septicshock's picture

"unbelievable"

Wait, really?  You really thought our legislators were looking out for the people?  There is not a single country on this planet without a corrupt government at every single level. 

Wed, 06/16/2010 - 20:13 | 418366 breezer1
breezer1's picture

treason? you must be joking. this is how america works. canada mexico germany britain russia finland iran. well i won't go on.

my wife is always asking me where i get the wind.

all these crooks are doing is buying a ticket on the arc. the rains have started. get out of paper. physical gold and silver while you can.

Wed, 06/16/2010 - 18:56 | 418211 ZerOhead
ZerOhead's picture

There once was a man named Watt

Who was one hell of a cun% (or a twa%)

Yes he whored for his living

Soon he'll get what he's giving

A goddamn redhot poker shoved up his ass for being bought!

 

(Sorry... I never did well in English class)

Wed, 06/16/2010 - 19:10 | 418247 A Nanny Moose
A Nanny Moose's picture

A find a good Haiku is so much easier.

 

Felonious Mel

Representing the big banks

Hang by b@lllz till dry

 

Wed, 06/16/2010 - 19:16 | 418257 ZerOhead
ZerOhead's picture

You lost me at "till dry"...

Wed, 06/16/2010 - 20:20 | 418381 A Nanny Moose
A Nanny Moose's picture

Yeah...long day short on time to think it through.

 

Wed, 06/16/2010 - 19:11 | 418250 Blues Traveler
Blues Traveler's picture

Makes for a nice Limrick

Wed, 06/16/2010 - 20:14 | 418372 Implicit simplicit
Implicit simplicit's picture

 

Old mother Frank

went to the bank

to get his dog Dodd a bone

but when he bent over

Dod drove him with a bone of his own

 they thought they'd live happily ever after

 the banks money and laughter

butl the people put them out

without a shadow of a doubt

for robbing citizens blind

scumbag disgraces to mankind

 

 

 

Wed, 06/16/2010 - 21:02 | 418427 SteveNYC
SteveNYC's picture

Outstanding.....

 

Traitorous Mel,

For all eternity dwell,

In the pits of hell,

You hollowed out shell.

 

Wed, 06/16/2010 - 18:55 | 418216 Shameful
Shameful's picture

Why don't they get with the times and put their votes for sale on E-Bay?  Think about it we could speed up the whole "democratic" process if our "representatives" just put their vote up their for bids.  That way we at least know what the going rate for a vote is, and we get the entertainment of watching people steal bids at the last minute.  And think of the transparency, and isn't that what Barry promised us?

Wed, 06/16/2010 - 19:13 | 418254 Blues Traveler
Blues Traveler's picture

Amen

Thu, 06/17/2010 - 01:20 | 418822 StychoKiller
StychoKiller's picture

+1000! 

"Reality sitrred me, my angel had heard me!

The prayer had been answered, a repreive has been granted.

The dream was now broken, though rudely awoken,

Really safe and sound, asleep on a Greyhound --

One more red nightmare." -- King Crimson

I'd rather KNOW who is paying for our leaders than expect them to be unbought, which is the height of "Cognitive Dissonance!"

Wed, 06/16/2010 - 18:59 | 418220 chet
chet's picture

While all of Washington is like a broken toilet in the back of some dive bar, I think Congress is the actual hole in the bottom where the fetid crap has been piling up for god knows how long.

Thu, 06/17/2010 - 01:08 | 418810 Village Idiot
Village Idiot's picture

Rich in visuals.

Thu, 06/17/2010 - 05:43 | 418960 mojine
mojine's picture

"And that's where laws come from, pumpkin. Now go to sleep and sweet dreams."

Wed, 06/16/2010 - 19:00 | 418222 Trifecta Man
Trifecta Man's picture

Sorry, Wall Street is not hiring the unemployed now.

Wed, 06/16/2010 - 19:04 | 418232 Cognitive Dissonance
Cognitive Dissonance's picture

"The probe is focused on whether the timing of accepting the campaign checks created an unacceptable appearance of a conflict, according to sources familiar with the investigation and letters sent by the OCE to lobbyists requesting information. The OCE's spokesman declined to comment for this article, citing the ongoing nature of the investigation."

As opposed to an acceptable appearance of conflict of interest.

Sort of like an acceptable amount of incestuous rape of children or an acceptable amount of beating of the spouse. Or maybe an acceptable amount of oil "spilled" in the Gulf of Mexico. "Oops, silly me, I spilled some oil on the carpet, let me get a paper towel and clean this mess up pronto".

They just can't hide it anymore folks. They just can't hide it. When are we going to get pissed off enough to put a stop to it? That's the only question left to answer.

Wed, 06/16/2010 - 19:11 | 418248 Trifecta Man
Trifecta Man's picture

That's what we need to clean up the Gulf!  BP can buy out the entire supply of the Quicker Picker Upper.

Wed, 06/16/2010 - 19:16 | 418259 Shameful
Shameful's picture

We can't wake up as a society until our standard of living is a smoldering wreck.  I have to agree with you that most people are to tied to the system to ever let themselves see what is really happening and will defend the status-quo to their utmost.

They are not even hiding it anymore.  They are slowly bringing it into focus to show us how badly they are screwing us and no action is being taken.  I don't think they care to hide it.  They gain more power by abusing us and telling us how they are abusing us.  It's about demoralizing us.  Every time they shove their crimes in our face they are telling us that we cannot stop them.  The more they do it, the more all parties believe it to be true.

Once we have accept a little evil we grow comfortable with it and will accept a little more evil, and the cycle continue till there is nothing we will not accept.

Wed, 06/16/2010 - 20:32 | 418393 adissidentishere
adissidentishere's picture

+1.3x10^13

Wed, 06/16/2010 - 21:01 | 418425 FASB 666
FASB 666's picture

They're drinking our friggin milkshakes !

Wed, 06/16/2010 - 23:54 | 418714 Trimmed Hedge
Trimmed Hedge's picture

Violence is the answer.

People listen to violence.

Wed, 06/16/2010 - 21:03 | 418423 Crab Cake
Crab Cake's picture

"When are we going to get pissed off enough to put a stop to it?"

Lots of comments, empty words, empty electrons, but not one good response to your question.

The point of ZeroHedge, the point of your questioning and discourse CD, IMO is to inform the public and drive to action.

Lots of apathy, lots of vitriol, lots of wit and humor... no action.

I've come to the conclusion that nobody cares; really cares.  The people of this country, and this site, aren't even willing to take control of the inevitable collapse.  Don't worry the country is going to collapse as other people want it to, then you're waiting will be over, and the new boss just like the old boss can tell you what to do. 

I'm sorry CD I just don't see it happening, we aren't ready for evolution.  I don't even think we have the stomach for revolution.  Hell people aren't even willing to face their fears.  The best most can seem to manage is to store food, guns, and gold.  Actually face the issues and problems, their part in it, and take logical action?  I just don't see it, and it breaks my heart.

When are we going to get pissed off enough to put a stop to it?

You know the answer.  When we see the problem staring out from the mirror, and most will never be willing to face the horror of that moment. 

So go ahead people.  Cower, hide, run, ignore, bloviate and blog, and do anything but face the real problem.  It's a huge deal.  How scandalous!  Risk your job, your comfort, and your relationships to stand up for what you believe... Well you'll just leave that to someone else right?  Can't I just send a few emails, make a phone call, or rail at the relatives over family get togethers?  Wake the fuck up. 

When are we going to get pissed off enough to put a stop to it?

I'm not sure slave nation USA has it in them. 

Wed, 06/16/2010 - 21:43 | 418456 milbank
milbank's picture

I'm amazed how many people who whine and "bloviate" here actually think thats "taking action."  Sad.

This past weekend, I called some nimrod on that very hypocracy in saying his selling his equities and buying gold was "patriotic" as opposed to what it actually was, saving his financial ass. And posting here was "taking action."

 

Some useless dipshit named "Hansel" called my post "the junk post of the day."

Clueless, useless, impotent sheep doing nothing but, assuring each other that they are something other than clueless, useless and impotent and that that is taking action.

Jeesh.

Venting is fine.  Commenting on an article is fine but, making it out to be something more than what it is or calling it "taking action" when it's nothing more than whining the obvious at an internet site is a joke.  That seems to be picking up around ZH.

Outside of anti-semetic and racist posts, I beginning to see being "junked" as a badge of honor lately on this site as opposed to getting a pat on the back for impotently whining.

I wish I had an answer to fix everything but, I don't and I don't claim to.  I look, I listen and I do what I need to do to preserve me and mine. I don't claim it to be anything more than that.

Wed, 06/16/2010 - 21:56 | 418481 Hansel
Hansel's picture

You don't care about anyone else but you.  I get it.  You're welcome for the junk.

You don't think voting with your wallet is "taking action".  Educating people isn't "taking action".  Are you advocating physical violence (you useless dipshit... see what I did there, emulating your ad hominem)?

Wed, 06/16/2010 - 22:09 | 418493 milbank
milbank's picture

I'd like to say I'm sorry I threatened your delusion of yourself and that other self-righteous hypocrite but, that would be wrong.

You are right.  I don't care about you or anyone like you who thinks taking up bandwidth with impotent whining is taking action.

 

You are an "educator" here huh?   LOL!  Of course you are.

To add, to your edit, my saying you are a useless dipshit is a argumentum ad hominem.

Wed, 06/16/2010 - 22:12 | 418508 Hansel
Hansel's picture

You still haven't defined what "taking action" you consider acceptable.  And are you saying you don't care about yourself because you are taking up bandwidth here whining about your perception that I am whining?

Wed, 06/16/2010 - 22:37 | 418566 ZerOhead
ZerOhead's picture

Speaking of bandwidth... we must use this tool before we lose this tool.

There must be contingency plans already drawn to shut the internet down in the event of civil unrest.

Wed, 06/16/2010 - 23:00 | 418617 milbank
milbank's picture

And how would using "this tool before we lose this tool" change that?

Wed, 06/16/2010 - 23:26 | 418671 ZerOhead
ZerOhead's picture

I don't know... but let's say I was pulling a giant scam of sorts and was having tremendous success for generations.

The more that people find out about this 'scam' the more difficult it becomes to keep it going. 71% of those polled supported an audit of the Fed... and believe me they didn't get their information from the MSM.

When people are sick and tired of being sick and tired things will change faster than you think.

Wed, 06/16/2010 - 22:57 | 418577 milbank
milbank's picture

And are you saying you don't care about yourself because you are taking up bandwidth here whining about your perception that I am whining?

Like the sun rising in the east, that bogus defense eventually comes up by the cornered around here whenever the cornered has been called on their bullshit.   Yeah, I waste bandwidth willingly and I run around with fast women too.  I don't describe it as an act of patriotism though.

I'll tell you what, I'll make sure you're nominated for the Nobel Peace Prize, or the prize for literature if you prefer, for your postings here and your friend from the other day, the Nobel Prize for Economics for moving out of stocks and into gold.  I'm sure you must think it's only right and deserved. 

 

I told you the action I take and I told you that I don't make it out to be anything other than what it is.  I've been out of stocks since 2007 and in gold for decades.  I don't equate that with being "patriotic" or any other bloviated description you apply to yourself and your little friend.  It's about making money.  I tried to educate you to the difference between action and talk but, obviously I'm not the educator (nor do I claim to be) you think you are, as you still don't get it.  I guess it gives your life meaning it would otherwise not have if you didn't think of yourself as such.  Like I said over the weekend, you're not the only one here doing self-righteous postings It's becoming more and more common at ZH. A defense against the reality of impotence to change anything more than what one can change.

 

Wed, 06/16/2010 - 22:58 | 418608 Hansel
Hansel's picture

You've typed a lot of words and said nothing.  Thanks for the useless, impotent internet argument.

Wed, 06/16/2010 - 23:07 | 418626 milbank
milbank's picture

Yeah, I get paid by the word.

This may make the post less useless for you. . .

http://www.merriam-webster.com/dictionary

 

Wed, 06/16/2010 - 23:55 | 418719 TheGoodDoctor
TheGoodDoctor's picture

Like Sinclair says better to save yourself if no one else will listen.

Wed, 06/16/2010 - 21:36 | 418470 Shameful
Shameful's picture

There is no answer, there is no solution.

Education? To what end?  At this point we are waking people up with just enough time to yell "Brace for impact!".  The boat for political change has already set sail.  Both parties have crazy low approval ratings.  They don't care.  Meet the new boss same as the old boss.  The bureaucracy will make it impossible to set off the one party two heads system.  There is no political solution.  So where does that leave us...

Revolt?  How?  Physically and they declare martial law and you have Johnny Reb rifle in hand vs Predator drones, tanks, and bombs.  Much less logistically revolts are a nightmare.  I've heard the old bit about only needing a few % for a revolt, good luck with that.  Remember people will fight to cling to the system, and we are dealing with pure evil.  I have no doubt that if the need arose they would nuke US cities rather then risk facing a real insurgency.

This is a big ship and has long been on this course.  I personally don't think it can be righted.  But then I've already stated my intention to run rather then fight.  Which admittedly took the wind out of my sails to fight when I realized I didn't have to stand and fight I could run.

What solutions could we have?  Vote the bums out?  Hasn't worked yet.  Demonstrations?  Didn't work in Argentina.  At this late stage in the game what do you think can be done?

Wed, 06/16/2010 - 22:03 | 418496 Cognitive Dissonance
Cognitive Dissonance's picture

Shameful

You're extremely young to be saying nothing will work, particulalry when you life experience is basically zip. You haven't even begun to live so this is all you know. Some of us who have been around for a few more decades have seen some tough times and we have a longer and wider perspective.

I've talked to you many times and I've also watched you comment often. You are extremely bright and mentally resourceful for someone as young as you are. And yet you have no hope without even trying. That's a real shame. I've seen you challenged by a poster and yet you come back the next day loaded for bear, with an arm full of facts and figures. And everything is all thought out to boot. And yet you have no hope. That's a real shame. You haven't even tried and you're ready to turn out the lights. That's a real shame. 

Wed, 06/16/2010 - 22:31 | 418550 ZerOhead
ZerOhead's picture

Oh ladies and gentlemen... the times are indeed a changing...

Three years ago most Americans didn't even know what the Federal Reserve did... hell we still don't know today when you think about it. But more and more  people daily are asking questions and they sure don't like the (non) answers.

Last poll showed 71% supported an audit of the Fed... imagine that.

Change you see is a gradual thing... kinda like looking outside and on a daily basis you can't really see the grass growing can you? By the end of the week however... it's time for a trim. And there will be a 'trim' a comin' my friends! I can pretty much gaurantee that TPTB are sleeping less easy as the days go by...

They must surely know where this will all end... and I am starting to smell the fear.

Thu, 06/17/2010 - 00:09 | 418735 Shameful
Shameful's picture

I'm just looking at history and trends.  History tells us then people get dependant they will vote and support what is providing them with their lifestyle.  We saw this in Rome.  Comparisons to history are apt because mankind has not really evolved since recorded history.  Culture may change but our nature does not.  Even in the Tea Parties you had people motivated to keep their Medicare.  It's not that at some point the system could not be saved, but the pin got pulled on the grenade.  There is no putting it back in.  All that we can do now is watch where it lands.  Good, bad or ugly America cannot withstand the changes hitting it.

The more I learn the less I hope for humanity I have in general.  I studied psychology on my own.  In my experience I learned that if I stood against the status quo, I stood alone.  People would come up to me later to express their thanks or complement me, but they would never stand with me.  I realized these people were not thanking me because they wanted to stand up with me and present a united front, rather they wanted a champion.  Someone who would take the social pressure and present views they agreed with, while they could be emotionally safe as a witness.  I'm not a fighter but I will be loud and talk and force people to address me.  These people are unwilling to do that, how can I expect them to rise up and stare a ruthless evil system that will murder to get it's goals?  I label myself as a coward because I will run from a fight I can't win, they however are so craven as to not even rock the boat.  Young men are always asked to lay their bodies down in every generation.  I don't feel like dieing for any cause.  This life may be all I have and I have no intention of laying it down for people who want to silently watch from the stands.  The people want a champion, not a cause they will dedicate themselves to.

I'll admit I haven't done much except talk and help put on a few events.  But what can a person really do besides talk?  This year I plan on putting on more events and continue speaking out.  I just realize the ship is sinking, and I'm eyeing a life boat.  I don't want the ship to go down, but my knowledge of history, human nature, and finace have triggered the alarm.  I have loved ones who refuse to leave, some who are still expecting "God to save them".

How can you still have hope?  You know the psychology of people and crowds.  You know that culturally we are being herded, like sheep by the sheep dogs.  Will a minority see it?  You bet.  But the majority will remain willfully ignorant and at best sit on their hands, and at worse turn on us.  I got a chance to sit in on a poker game and all I head was sports.  Many of them were unemployed, and some I knew dealing with hardships, and yet the talk was just sports.  I directed the conversation to current events and I might as well brought a severed head to the table.  People want to embrace their delusion to the point of death.  In WW2 there is footage of people running into pits to be shot.  They were delusional right until the end to.  To cap the funny, at the poker game I took $160 of a guy who as been unemployed for almost 2 years.  Unemployed and still a degenerate gambler.  I even got on him about putting so much in play and no one else gave it a second thought.

Thu, 06/17/2010 - 01:04 | 418806 Real Estate Geek
Real Estate Geek's picture

In my experience I learned that if I stood against the status quo, I stood alone.  People would come up to me later to express their thanks or complement me, but they would never stand with me. 

Maybe you're doing it wrong.  Check out this interesting three-minute video on TED called "How to Start a Movement."

http://www.ted.com/talks/derek_sivers_how_to_start_a_movement.html


 

Wed, 06/16/2010 - 22:28 | 418545 contagiousNY
contagiousNY's picture

Demonstrations worked in the 60s in the US, why not today? Why not huge peaceful gatherings of people with a common cause? Seems to me all that is needed is to focus on the main gripe here, disappropriation of our tax dollars towards perpetuating a mass fraud by the govt & the banks re QE for tbtf. That is enough right there to get the blood boiling. Lets do this, hippies. Peace!

Wed, 06/16/2010 - 23:28 | 418556 ZerOhead
ZerOhead's picture

Getting warmer... first let's prepare to hijack the 2010 midterms.

Thu, 06/17/2010 - 04:23 | 418926 hound dog vigilante
hound dog vigilante's picture

Right on. The mid-terms are the priority. I want every Rep. in D.C. shitting the bed in fear. Like that wild-eyed Dem from NC who tried to strangle that teenager the other day... that was great... that was fear in action. I want to see that look in the eyes of every hypocrite inside the beltway. It's happening. It's happening now.

Lots of talk on this thread about americans not taking action... I could swear that a few senators and reps. were booted from office by their own party in the primaries just a few weeks ago... that sure seems like some serious action to me.  Many of us are growing food, shunning FRNs, getting out of debt, and encouraging others to do the same. It all seems like action to me. I see action everywhere. More and more every day. Maybe the folks whining about all of this "inaction" spend too much time on internet blogs and not enough time meeting their neighbors. They might be surprised by all the "inaction" happening right in front of their face.

Mid-terms, baby.  Incumbent bloodbath.  Not literally, of course, so some folks are bound to be disappointed. A figurative bloodbath just won't be enough action for some people. Personally, I'm not going to boycott or belittle the revolution just because it's not the exact flavor/idealogy/schedule that I had hoped for.

 

Thu, 06/17/2010 - 11:07 | 419396 ZerOhead
ZerOhead's picture

Stay tuned Hound Dog...

Wed, 06/16/2010 - 23:57 | 418723 TheGoodDoctor
TheGoodDoctor's picture

Fluoride, mercury, and BPA?

Thu, 06/17/2010 - 10:16 | 419280 contagiousNY
Wed, 06/16/2010 - 21:48 | 418486 Cognitive Dissonance
Cognitive Dissonance's picture

CC

I've been a local activist for years and at times I lose faith. And that's when I need to take a break and regroup mentally. When I'm doing something for myself, then my action alone is enough. But when I begin to expect others to do something, that's when the depression sinks in. Time to back off and refocus.

My series was written for me, for my peace of mind, to see if I could put together a coherent call for action. It was written for me and only for me. It helped me heal from some deep disappointment in other activists. I found out many people have crowd courage, are willing to stand anonymously in a crowd and shake their fists. But they have little to no personal moral courage.

Two "friends" showed me this when they in effect disowned me at a small party by mocking me to my face to stay with the crowd rather than stand for what they said they believed in. And it was all over nothing really. They could have held their tongues. But they didn't wish to ride the rails alone so they showed their cowardice and they still have their friends, who will desert them in a NY second as well.

The change coming will come about not by the 20% of the 80/20 rule but the 20% of the 20% of the 80/20 rule. And I've come to grips with the fact that I live with moral cowards. That word stings and it will make enemies with some people around here, like it's made some enemies with people where I live. A spade is a spade. Either you stand for what you feel is right or you slink off.

On a ZH thread some days ago someone was blowing off some steam when he (she?) said "when is someone going to do something about it?" which sounded like a 5 year old. To which I replied that the job vacancy was open and he was welcome to jump right in. Nothing. Zip. No reply. So now when ever I see someone say something like that I shall challenge them. Who is this someone you're talking about. Isn't that you?

CC, stop dropping hints. Ask people why they aren't doing anything about this mess. You will be surprised how lame some of the excuses you will hear, particularly in person. While you calling circle will contract you will find a few who have decided they have had enough and will join you. Be a salesman and ask people to join you. Every now and then you will find one.

Remember this always. First find yourself, then find the others. First find yourself, then find the others. If you become angry or depressed, you've lost yourself. Back to basics. First find yourself, then find the others.  

Wed, 06/16/2010 - 22:32 | 418557 Crab Cake
Crab Cake's picture

CD, thank you for your words and thoughts.  I have no idea who you are, but you are a friend, a scholar, and a kindred spirit.  Thanks.

 

Wed, 06/16/2010 - 22:53 | 418597 ZerOhead
ZerOhead's picture

Good advice as always CD...

Time for a plan of action I think. What have we to lose when they have taken everything but our dignity?

Fail to act and we ourselves are responsible for losing that. Years from now after the crash with the same corrupt structure in power who will be limiting you childrens right to reproduce... what will you say when they ask... what did you do to stop this from happening?

An working (slave) elephant in India... shortly after birth has one leg tied to a rope which is then tied to a stump. When the young elephant tries to break free it fails. Repeatedly it tries and repeated it fails until it conditions itself to believe it can never break free. As the elephant matures it gains weight and strength that no rope could restrain... but the elephant has long since given up it's quest for 'freedom'.

That is how you break someones will. If you think you can't break free... then you can't even though you clearly can.

I see such 'elephants' here.

 

Wed, 06/16/2010 - 22:56 | 418604 Cognitive Dissonance
Cognitive Dissonance's picture

You're gonna like my chapter 5.

Wed, 06/16/2010 - 23:11 | 418633 ZerOhead
ZerOhead's picture

I loved Chapter 4... it will be tough to beat my friend!

When you are done what do you say we show these guys how to take these mother fuckers down? We can use the same technology that was used to 'enslave' us... could be fun...

You already have a head start on me so I'll try my best to make up for the lost time.

The longest of journeys starts with but a single step.

Thu, 06/17/2010 - 00:35 | 418768 RockyRacoon
RockyRacoon's picture

I may be over simplifying (I've done that before) but it seems pretty obvious that people will not do anything unless it is to their benefit.  I don't mean with foresight and understanding of what doing nothing will mean.  It has to be immediate results.  Few people have deferred gratification honed to a normal reaction.   I've insulated my house, moved to a more fuel efficient vehicle, moved my banking to a local S&L, shop for generic brands, read the labels to see what is made where in order to buy U.S. made stuff, tried to have reasonable conversations with others about what is going on, sent out emails with many a ZH article included, tried to stay fit (not FAT), bought things that may be in short supply in an emergency, stocked up on precious metals, stopped buying anything that is not practical or has an intrinsic value, have obtained a concealed carry permit, have acquired a couple of nice hand guns and long guns, become aware of what politicians are running for what and why, voted at every opportunity, and other things that I've never done before.  That's not doing nothing.  No, it's not killing a policeman or soldier in the street but that should not be a topic at this point.  If that is what is meant by "doing nothing" then count me out -- at least for the immediate future.   Statistically, it seems that a lot of people are becoming aware.  Retail sales being stagnant are an indicator of this.  Reality does not suck; it's actually fun and personally satisfying.  I will not do anything that will put me in the cross-hairs of "the authorities" or put me in jail.  I'm no good there.  I run under the radar and without fanfare, but every move is made with the intent to bring this sucker down... eventually.

Thu, 06/17/2010 - 11:10 | 419404 ZerOhead
ZerOhead's picture

We don't require many Rocky... and yes people are becoming aware... and one way or another it will fall.

Fri, 06/18/2010 - 00:08 | 420793 RockyRacoon
RockyRacoon's picture

Taking a cue from Thoreau:

Under a government which imprisons any unjustly, the true place for a just man is also a prison … the only house in a slave-state in which a free man can abide with honor. If any think that their influence would be lost there, and their voices no longer afflict the ear of the State, that they would not be as an enemy within its walls, they do not know by how much truth is stronger than error, nor how much more eloquently and effectively he can combat injustice who has experienced a little in his own person. Cast your whole vote, not a strip of paper merely, but your whole influence. A minority is powerless while it conforms to the majority; it is not even a minority then; but it is irresistible when it clogs by its whole weight. If the alternative is to keep all just men in prison, or give up war and slavery, the State will not hesitate which to choose. If a thousand men were not to pay their tax-bills this year, that would not be a violent and bloody measure, as it would be to pay them, and enable the State to commit violence and shed innocent blood. This is, in fact, the definition of a peaceable revolution, if any such is possible.

Thu, 06/17/2010 - 01:13 | 418817 Real Estate Geek
Real Estate Geek's picture

Time for a plan of action I think.

How about this?

Step 1:  Read Joe Stack's "manifesto."

http://www.thesmokinggun.com/archive/years/2010/0218102stack1.html

Step 2:  Figure out where Lloyd the Squid lives.

Step 3:  Oh, never mind.  American Idol's on!

Thu, 06/17/2010 - 11:16 | 419416 ZerOhead
ZerOhead's picture

Joe was just a symptom of the larger problem.

No airplane crashing required... no violence... no-one dies needlessly...

It's going to happen eventually (overthrow of the Oligarchy) so why not do it now?

Fri, 06/18/2010 - 00:12 | 420796 RockyRacoon
RockyRacoon's picture

Don't throw yourself on the bonfire just to make the blaze an inch higher.

As Manuel Lora contends, libertarians should not be called upon to be martyrs in the cause of liberty:

The problems that libertarians face — some trivial and others quite serious — are moral hazards created by the existence of the state. Given that we do not legitimize state action we are not culpable of the aggression that it causes. … Nor does [libertarianism] require us to drastically reduce our already limited lives. … [L]iberty and the ideals of freedom, peace and voluntary exchange are just that — ideals. They are meant to guide our actions towards whatever ends we might chose in life. They are not necessarily ends themselves. Do not martyr yourself. Stay away from the libertarian sacrificial altar.

H/T to http://mises.org/daily/4481

Wed, 06/16/2010 - 22:07 | 418506 jimijon
jimijon's picture

The Mayans were right, the cyclists are right, the fibonaccis are right, the equationists are right, heck even the chartists are right. There is nothing to do. Absolutely nothing. We are all going down an oil gusher as little droplets of frozen captured methane. Oh yea, we move a bit left and a bit right, but, it doesn't matter we are all going with the flow, the tide, the tsunami, the wave.

So then you get to the bigger question. What are you going to do here and now to make your heart whole, your life happy, and your work honest and true? That is what is most important, especially now. 

People are passively fighting back via their own green revolution. They are saying no to the creditor and yes to their lives, families and thankfully even an iPad. 

So action is being taken and soon quality will be rewarded more than ever.

In final not, the last remaining honest ledger will be the weight of gold and silver. In fact, I think their is a stipulation in our constitution about honest weights and measure.

lovinyallzhers

 

 

Wed, 06/16/2010 - 21:16 | 418441 illyia
illyia's picture

They just can't hide it anymore folks. They just can't hide it. When are we going to get pissed off enough to put a stop to it?

You said it!

How about now!

A Start:  No more "how are politicians/corporations doing?" pr/marketing questions from the talking heads. I do not care how any politicians are doing. I care about what they are doing!

What are those scumbags DOING ABOUT IT (pick an overdue issue). If we could get the false focus off the personalities and onto OUR demands (with transparent explanations), we might get somewhere.

Just one more discussion regarding perception of Obama's political situation - or any other individual, institution or corporation - and I will start screaming: "WHO CARES! The Whole World is Totally Screwed by your narcissistic asses!" at the top of my lungs.

End Rant.

i.

Wed, 06/16/2010 - 23:18 | 418656 ZerOhead
ZerOhead's picture

Love the energy!

Wed, 06/16/2010 - 19:05 | 418233 Cognitive Dissonance
Cognitive Dissonance's picture

Sorry, duplicate post. My hand was shaking so much in anger I double clicked the mouse.

Wed, 06/16/2010 - 19:46 | 418322 GNH
GNH's picture

Different levels of anger in the U.S.  Maybe in 1776 (or 2011) it would (will) be "hand shaking so much in anger, I pulled the trigger twice." ;)

Wed, 06/16/2010 - 21:45 | 418483 hamurobby
hamurobby's picture

The problem is not in the conviction nor the company, but in the room it is spoken.

Wed, 06/16/2010 - 19:04 | 418235 Thorny Xi
Thorny Xi's picture

"...the timing of accepting the campaign checks created an unacceptable appearance of a conflict..."

It's always the "appearance" of impropriety - not the impropriety itself - that sparks the "Ethics" hearings.

 

Wed, 06/16/2010 - 19:14 | 418255 Trifecta Man
Trifecta Man's picture

Is it a conflict of interest to time the acceptance of the appearance?

Wed, 06/16/2010 - 19:25 | 418243 williambanzai7
williambanzai7's picture

Meanwhile, these two clowns would have us all believe that Wall Street job protection is what we should all be worrying about. http://dealbook.blogs.nytimes.com/2010/06/16/2-new-york-lawmakers-back-w...

Dear Speaker Pelosi, Majority Leader Hoyer, Chairman Frank and Chairman Peterson:

As you work to reconcile the recently passed Senate amendments to the House-passed Wall Street Reform and Consumer Protection Act with the bill as originally passed by the House of Representatives, we write to express our deep concerns about the potential implications of the provisions contained in the Senate bill regarding derivatives trading. The Senate-passed version of H.R. 4173 includes a number of provisions that could have the unintended consequences of actually increasing systemic risks, reducing the ability of legitimate commercial end users to hedge exposures, and making it more expensive and difficult for states, municipalities and pension funds to issue bonds.

In particular, we have serious concerns about language contained in the Senate bill that would bar banks involved in derivatives trading from access to several important federal banking institutions, including the Fed window and the Federal Deposit Insurance Corporation. While we strongly believe that more transparency and accountability is needed in our derivatives markets, we believe a better approach would be to address regulating the derivatives markets through a thoughtful separation of proprietary trading and traditional commercial banking activities. The House-passed language, requiring the use of exchanges or clearinghouses for derivatives trades, is far more pragmatic than the Senate’s approach and more sensibly addresses one of the major regulatory deficiencies that led to the near-collapse of our financial system in 2008. The effect of the Senate provision would be to force America’s largest banks to spin off their derivatives trading activities, and would increase systemic risk by making it more difficult to regulate the derivatives market through undercapitalized corporate affiliates.

We are deeply concerned by the very real possibility that, as a result of the Senate derivatives provision, America’s largest financial institutions will move their $600 trillion derivatives businesses overseas, at the expense of both the U.S. economy, as well as the economy of New York State and New York City. Aside from the immediate and long-lasting economic impact of the Senate’s language, we are further concerned by the implications of such a large industry moving abroad, where many other sensible mandates and protections contained in the Wall Street Reform and Consumer Protection Act may not apply. The Senate derivatives language may inadvertently undermine the very intent of the legislation.

As supporters of comprehensive but sensible financial regulatory reform, we ask that you strongly advocate for the House-passed derivatives language during the conference with the Senate on H.R. 4173.

Sincerely,

Gary L. Ackerman, member of Congress
Michael E. McMahon, member of Congress

cc: All conferees on H.R. 4173

Wed, 06/16/2010 - 19:55 | 418336 Crummy
Crummy's picture

We are deeply concerned by the very real possibility that, as a result of the Senate derivatives provision, America's largest financial institutions will move their $600 trillion derivatives businesses overseas...

HAH HA HA HA HA HAH AHAH AHA Ho AH AHH AH ahhhhhh.

That's just precious. And maybe if we don't all turn these frowns upside-down the gumdrop kingdom will fade away for ever and ever, Sally.

Empty suits with matching empty heads, every last fucking one of them.

Wed, 06/16/2010 - 21:24 | 418453 illyia
illyia's picture

Oh My God. The gangsters might move their money laundering operation to another, presumably more corrupt, nation! And, then those politicians can get the kickbacks?

Perish the thought!

Please... I am sure those of other nations (who are likely uninformed enough to buy into this crap) will be much kinder than our Sheeple... How about Bangkok, or Kyrgyzstan - Or... Georgia... Putin likes business...

 

Wed, 06/16/2010 - 19:16 | 418258 Boilermaker
Boilermaker's picture

Mel Watt, although a douchebag of biblical proportions, has nothing on Rep. Jeb Hensarling.  That dude actually makes vomit pool in my throat upon view of him.  If there is a worse sniveling little shit than him, I've yet to see it.

Wed, 06/16/2010 - 19:23 | 418271 Rainman
Rainman's picture

....Damn, Marine, you're my kind of guy !!

Wed, 06/16/2010 - 20:08 | 418351 Crummy
Crummy's picture

Whoa, pal. Didn't you read his website? He's a bonofidee fiscal watchdog who is all for faith, family, freedom, free enterprise, faith, and freedom. You must hate those.

EDIT: Oh god in baby jebus, it looks like he may have gone and put some sort of rouge on his son for this photo, and meanwhile his poor daughter, pale as could be, probably won't be allowed to leave the house wearing make-up till she's 30.

Wed, 06/16/2010 - 20:13 | 418363 Boilermaker
Boilermaker's picture

OK, I take it back...No, on second thought, he's a bag-of-shit with all apologies to actual and literal bags-of-shit worldwide.

Wed, 06/16/2010 - 19:18 | 418262 jkruffin
jkruffin's picture

You think that is something, go check out who runs RapidGate, that just about every military and government installation uses for civilians to get on to the base, or into the government buildings.  Its EID Passport, and guess how they hire their employees?  From Craiglist.  This is not a joke.  And go check out their BOD, and see who is atop the list, a dude with an Arab name, not that he is bad or anything, but who really knows anymore since we have seen homegrown terrorist pop up suddenly.   This whole country is screwed if we keep going down the road we are going.  I mean for real, you apply for jobs through Craiglist now? Not to mention, ask anyone who has a RapidGate pass and their scanners never work, you can get through the gate 90% of the time with the gate guard looking at the badge and handing it right back to you.

http://www.eidpassport.com/

 

Check for yourself if you wish.  After reading the first page on what they do, click on careers.  Yes, our government is really protecting us aren't they.

 

Thu, 06/17/2010 - 00:42 | 418789 RockyRacoon
Wed, 06/16/2010 - 19:22 | 418270 Prof Gulliver
Prof Gulliver's picture

I am so angry that I will ... oooh, my new iPhone just arrived! Gotta go!

Wed, 06/16/2010 - 19:35 | 418296 Jim Cramer
Jim Cramer's picture

HAHA!!!  This is so true, stupid public.  Ahhh I marvel at the total lack of.....ooooh Deadliest Catch is on gotta run.

Wed, 06/16/2010 - 19:38 | 418303 homersimpson
homersimpson's picture

*Ding ding ding* And this is why the Watts of the world will continue to take bribes - because most of the populace doesn't care or is too ignorant. After all, Barry got elected under these bright voters:

http://www.youtube.com/watch?v=mm1KOBMg1Y8

Wed, 06/16/2010 - 20:28 | 418388 Mactheknife
Mactheknife's picture

Now that is some scary chit. Just like voting for the next American Idol.

Thu, 06/17/2010 - 10:09 | 419265 Assetman
Assetman's picture

Perhaps the solution involves creating an iPhone app that spurs political activism.

I'll get to working on that code... ;)

Wed, 06/16/2010 - 19:23 | 418272 Xibalba
Xibalba's picture

Dearest Tyler, 

 

If you keep on posting stuff like this...you risk actually educating the American public...

 

 

Wed, 06/16/2010 - 21:26 | 418457 illyia
illyia's picture

++

Thu, 06/17/2010 - 04:50 | 418938 hound dog vigilante
hound dog vigilante's picture

Yep.

23 million viewers watched last year's Idol finale.

There are 60+ million gun-owners in the US.

My point?  It's not as hopeless as some would have you believe. The whole country is NOT fat, dumb and lazy... just 23 million, give or take. On the other hand, some 60 odd million actually understand/practice the second amendment (adult gun ownership). The math suggests that apathy will be a speedbump, not a barracade, on the road to restoration of the republic.

Wed, 06/16/2010 - 19:24 | 418274 lizzy36
lizzy36's picture

The question is:one would one expect anything different?

If past behavior is the best predication for future behavior, expecting politicians to do anything BUT this is the insane part. 

Several U.S. Lawmakers Bet on Firms They Oversaw:

In 2009, amid the federal government's most aggressive intervention in the U.S. economy in decades, some members of key congressional committees placed bets with their own money on the stocks of companies they helped oversee, according to a preliminary analysis by The Wall Street Journal of public disclosure filings made public Wednesday.

http://online.wsj.com/article/SB10001424052748703513604575311214229356590.html?mod=wsj_share_twitter

Wed, 06/16/2010 - 19:49 | 418325 Stink_Pickle
Stink_Pickle's picture

Good point, but somehow in our twisted system it is perfectly legal for crooked congressmen to trade stocks on insider info while congress quid pro quo with banks remains illegal. 

These fuckers are as fat as the bastards on wall street.

Wed, 06/16/2010 - 21:28 | 418340 Cognitive Dissonance
Cognitive Dissonance's picture

"....expecting politicians to do anything BUT this is the insane part." 

It really is nice to start to see the word "insane" being used to describe ourselves. I've seen it three times today and I've watched carefully over the past few months. It was rarely used until very recently. Once we begin to recognize our personal and collective insanity, we can begin to counteract it. We can't deal with something we don't believe we're afflicted with.

Otherwise, it's just "normal" and "natural". Think about it. How many times have we heard a story about a corrupt politician and we would roll our eyes and say "And this is surprising?" or "What's the big deal, they're all like that?" and so on. Once we accept it as normal, there is no reason to change it or reject it.

Wed, 06/16/2010 - 19:36 | 418298 Bay of Pigs
Bay of Pigs's picture

Tony Montana to Mel in Scarface, "so long Mel, have a good trip".

http://www.youtube.com/watch?v=gUaV-eovvoM

 

 

Wed, 06/16/2010 - 20:05 | 418354 plocequ1
plocequ1's picture

Why? Because the Sheeple dont care. Their biggest problem right now is getting an Iphone4 reserved. Half of the Sheeple do not know what Cap and trade is. Do you really think they are paying attention to the FED?

Wed, 06/16/2010 - 20:06 | 418355 Nevermind
Nevermind's picture

Politics, truly a low calling...you get the government you pay for. 

Thu, 06/17/2010 - 00:21 | 418750 sumo
sumo's picture

We get the government that Wall Street pays for.

Wed, 06/16/2010 - 20:16 | 418375 Ned Zeppelin
Ned Zeppelin's picture

Is the answer to the question posed, "he's a crook?"

Wed, 06/16/2010 - 21:07 | 418402 G-R-U-N-T
G-R-U-N-T's picture

Good God Man!!!!! He's not a "Crook"!!!!

http://www.youtube.com/watch?v=ZmjMa2hLXpc

 

Wed, 06/16/2010 - 20:27 | 418387 bmfe
bmfe's picture

 vote first, then collect - duh


someone at wapo just tendered their resignation, this sort of thing normally isn’t fit to print

Wed, 06/16/2010 - 20:43 | 418408 Pike Bishop
Pike Bishop's picture

"The probe is focused on whether the timing of accepting the campaign checks created an unacceptable appearance of a conflict, (snip)

So looking like you are peddling your whore-ass is bad form?

Actually doing it, is OK? You just can't make it a public in-your-face-voter-rabble because that would highlight how very little we give a shit about keeping up appearances for the delusion of serving the People.

This calls for a little self-loathing.... we must have caused this, because these people are too stupid to have figured it out on their own.

 

 

 

 

Wed, 06/16/2010 - 20:59 | 418420 island
island's picture

Politics: “Poli” a Latin word meaning “many”; and "tics" meaning “bloodsucking creatures”. - Robin Williams

Wed, 06/16/2010 - 20:59 | 418424 faustian bargain
faustian bargain's picture

+1913 for the phrase "manifest despotism." Brilliant.

Wed, 06/16/2010 - 21:10 | 418435 wowser22
wowser22's picture

Where is Chumbawaba and his guilded guillotine??  Heads should roll!!

Thu, 06/17/2010 - 06:17 | 418974 mojine
mojine's picture

Yeah, this is a helluva thread so far, but I would like to hear Chumba weigh in. By the way, I was watching a piece on Vlad, The Impaler last night and an illustration of hundreds of human Popsicles elicited the remark that I would love to see something like that in D.C . Oh well, I can dream, can't I?

Wed, 06/16/2010 - 21:40 | 418474 Gimp
Gimp's picture

North Carolina is a strange state it is partly southern when it comes to barbecue and sweet tea but looks a lot like a Northeastern "We love the Kennedys" state when it comes to the number of lefty liberals who live there.

The French knew what they were doing when they had a revolution.

C'est la vie.

Wed, 06/16/2010 - 22:21 | 418532 DollarMenu
DollarMenu's picture

 

I do not know if the ‘sheeple’ do not care, if they

are unaware, or if they are lacking the ability

to make themselves  aware and caring.

 

So many are so deep into the system structured as it is,

I sometimes think it will take something like a pole shift with

resultant landmass tsunamis to shake them from their torpor.

 

But then again. look how quickly the Gulf residents are adjusting

to the claims process and the new jobs of the clean-up brigades.

 

Maybe the sheeple are just ultra adaptable and we are the

ones who are the Luddites of the New Age, looking for some

semblance of order and honor which no longer have any

meaning or purpose.

 

I am as insane as anyone.

You have to be to see what’s going on and still go on yourself.

 

Even though I am an irreligious person,

I allow myself to wish for an Old Testament God who, with

great wrath inflicts the most exquisite and public pain and suffering

upon those who have failed to follow his teachings.

 

I wish I were smarter, more intelligent  - to be able

to devise the motivators and movements necessary to

save us from ourselves, but wishing won’t make it so.

So I just keep an eye on places where the bright lights gather,

trying to seek wisdom.

 

Thu, 06/17/2010 - 01:40 | 418841 StychoKiller
StychoKiller's picture

There's this mess of goo between your ears -- continue using it and encourage others to do the same!

Thu, 06/17/2010 - 00:23 | 418753 colonial
colonial's picture

Okay, I was on the Hill tracking this conf.comm. today and agree with the "believe it when I see it" sentiment echoed above.  When Paul made his presentation most participants were somewhere else.  The Senate had a series of votes, same with the House.  Ron Paul made a joke about Dodd watching his presentation on the YouTube.  These guys know what they've got votes for.  Watching this charade is hard.  Issues are raised, but you know how the votes are going to go.  As for Mel, his position his well known.  He's not a real player on this.  He's a hack for the banks in his district, what else would people expect? 

This is an ugly bill and an ugly conference. 

Thu, 06/17/2010 - 04:08 | 418922 bingaling
bingaling's picture

This site should really look into buying one of the networks so news like this gets a wider audience.

Thu, 06/17/2010 - 05:43 | 418959 theprofromdover
theprofromdover's picture

Look,

Nothing meaningful can happen until the mainstream media pick up the cause. The very fact that the wretched Cramer is now ranting about the injustice of the system is actually a very good indicator. Even Barry O must be getting the message that he has lost his people, and that -if he doesnt want to be Jimmy Carter I- must alter his pro-banker stance to find them again.

The tectonic plates have started to move.

Thu, 06/17/2010 - 07:21 | 418996 Grand Supercycle
Grand Supercycle's picture

 

EURO bullish warnings mentioned earlier, have strengthened today. Vice versa for the USD index of course.

I have detected EURO buying support for several weeks now.

XAUEUR daily chart gives bearish warnings as of today.

This could be an important development.

The proprietary indicators I use in my technical analysis can identify trend changes before they occur.

http://stockmarket618.wordpress.com

Do NOT follow this link or you will be banned from the site!