This page has been archived and commenting is disabled.

Obama Administration Encouraged Insider Trading

Tyler Durden's picture




 

Back in 2011, many people were outraged when it was revealed that two months before the US Treasury pushed the insolvent GSEs into bankruptcy, then Treasury Secretary, Goldman alum Hank Paulson held a secret meeting with various hedge funds (most of them headed by Goldman alumni themselves) in which he gave them advance warning about the imminent bankruptcy, and allowing them to trade appropriately on material, and certainly non-public information.

Since then the general population has gotten far more used to encouraged criminal activity and facilitated insider trading by the government so comparable revelations no longer generate the expected loathing and disgusts, which is perhaps why over the past week the Obama administration once again leaked material information, in effect allowing and encouraging frontrunning of public data, when it told "asset managers last week that it was planning additional sanctions against Russia over the conflict in Ukraine."

Bloomberg reports that the meeting, convened a week before talks with Russia in Geneva that ended yesterday, left managers grappling with the question of whether the government intended to follow through, or was trying to trigger asset sales through the threat of sanctions, said the person. Former administration officials have said forcing Russia out of global financial markets is the strongest tool President Barack Obama has at his disposal in trying to defuse the ongoing crisis between Russia and Ukraine.

Officials from the Treasury Department and the National Security Council met in Washington with mutual-fund and hedge-fund managers, according to a person who attended. Their comments sent a message that more sanctions are on the way and that investors, if they were concerned about the impact, should manage that risk, said the person, who asked not to be identified because the discussions weren’t public.

 

The meeting in Washington last week included several mutual-fund companies with large bond units, according to the person. Separately, the U.S. Securities and Exchange Commission has been asking U.S. asset managers about their investments in Russian securities, said the person.

 

The National Security Council is the president’s main forum for considering national security and foreign policy matters.

At least while Obama was happy leaking clearly material information to a select few, he didn't force them to sell Russian assets. At least not yet:

An administration official, who asked for anonymity to discuss internal deliberations, said there have been no specific requests made to investors not to invest in Russia. The official said the Department of Commerce and the Treasury do have conversations with the business community to explain what they’re doing, such as briefing executives after a sanctions announcement. The official said the government maintains open lines of communication so businesses understand what policy makers are doinga.

No, the perfectly public trading "reco" was left to Obama spokesman Jay Carney. We all know what happened after.

As for those who participated, their actions indicate quite clearly that when it comes to securities laws, there are "laws", or rather loopholes, for the chosen ones, and then there are laws for everyone else.

One bond manager at a large U.S. mutual-fund company, who also asked not to be named citing company policy, said the firm has been working to sell Russian debt and wasn’t inclined to return to the market in the near future. The person, who hadn’t heard of any government attempts to influence money managers, said the company perceives risk in Russia as having increased significantly.

So just in case those lovely anchors with ultra white tooth veneers of financial comedy TV are still confused why the general public has completely given up on the stock, and every other "market", it is not only the HFT parasites, it is not only the Fed's gross manipulation of every asset class known to man and economist. It is the fact that insider trading is not only condoned but encouraged from the very top, and what's worse - it benefits only those who no longer have to worry about money ever again.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 04/18/2014 - 09:02 | 4672641 Judge Crater
Judge Crater's picture

Nothing surprises me about Obama anymore.

Fri, 04/18/2014 - 09:15 | 4672664 y3maxx
y3maxx's picture

Is this new revelation deserving of another Nobel Peace Prize?

Fri, 04/18/2014 - 09:25 | 4672689 Xibalba
Xibalba's picture

Krugman says it's good 

Fri, 04/18/2014 - 09:34 | 4672720 negative rates
negative rates's picture

Former administration officials have said forcing Russia out of global financial markets is the strongest tool President Barack Obama has at his disposal in trying to defuse the ongoing crisis between Russia and Ukraine.

 

Former officials like Bill Oriely?

Fri, 04/18/2014 - 09:37 | 4672733 RevRex
RevRex's picture

Insider Trading? LOL....that can't be, because Obama is BLACK!

 

You must be racist to accuse Obama of anything. He's incapable of being a criminal because he's black!

 

Just as anyone who disagrees with Hillary will be branded a sexist......

Fri, 04/18/2014 - 09:44 | 4672755 TeamDepends
TeamDepends's picture

Keynesian Slim strikes again!

Fri, 04/18/2014 - 10:11 | 4672858 Badabing
Badabing's picture

On this day in history thirty pieces of silver paid for a contract on an important political person.

The same thirty pieces of silver bought a large parcel of land in a world center city.

The pieces of silver probably used, where the shekel because it came from the temple.

http://www.antiques.com/classified/1094298/Antique-Year-One-Silver-Shekel---LC-138

This coins weight is around 22 grams. 22 x 30 = 660 divided by 32 = 20.625 oz or around $405 in today’s money. Does this sound like the correct price to you? Cursed is the man that uses faulty weights and measures!

Happy Easter ZH

Fri, 04/18/2014 - 10:06 | 4672842 insanelysane
insanelysane's picture

"Just as anyone who disagrees with Hillary will be branded a sexist"

And exactly which sex would we be ist about regarding Hillary?

Fri, 04/18/2014 - 10:44 | 4672953 toady
toady's picture

I just threw up a little. 

NEVER, EVER, ask about Hillarys sex !

Fri, 04/18/2014 - 10:34 | 4672922 Ignatius
Ignatius's picture

Don't really get the focus on sock puppet Obama.

He carries water same as McCain/Romney would have.

Fri, 04/18/2014 - 10:01 | 4672818 AlaricBalth
AlaricBalth's picture

Franklin Templeton owned the following Ukraine Bonds as of Dec 2013:

B3LRJQ9 UKRAINE GOVERNMENT 10,500,000 $10,263,750 0.01% 6.875% 09/23/15

B0ZL405 UKRAINE GOVERNMENT 50,870,000 $66,977,592 0.09% 4.95% 10/13/15

B295N00 UKRAINE GOVERNMENT 82,883,000 $77,029,388 0.11% 6.75% 11/14/17

903724AB8 UKRAINE GOVERNMENT 135,700,000 $127,646,205 0.18% 6.58% 11/21/16

603674AA0 UKRAINE GOVERNMENT 181,290,000 $168,373,087 0.24% 7.75% 09/23/20

903724AG7 UKRAINE GOVERNMENT 273,808,000 $248,138,500 0.35% 7.5% 04/17/23

903724AC6 UKRAINE GOVERNMENT 349,346,000 $329,040,263 0.46% 6.25% 06/17/16

603674AE2 UKRAINE GOVERNMENT 391,240,000 $392,707,150 0.55% 7.95% 06/04/14

126826AH9 UKRAINE GOVERNMENT 554,350,000 $514,506,093 0.72% 7.95% 02/23/21

903724AF9 UKRAINE GOVERNMENT 572,565,000 $519,602,737 0.73% 7.8% 11/28/22

903724AD4 UKRAINE GOVERNMENT 689,700,000 $687,113,625 0.97% 9.25% 07/24/17

These bonds had a market value of $3,141,398,390. In 2014, Michael Hasenstab, Templeton Global Bond Fund's manager has amassed about $3,000,000,000 additional bonds. Michael Hasenstab has donated cash to the Investment Company Institute PAC, who in turn soon after, donated money to Steny Hoyer's AmeriPac: The Fund for a Greater America. Steny Hoyer (D-Md) has been a vociferous voice against the uprising in Ukraine and as of yesterday issued this press release: "I am appalled by news reports that militants aligned with President Putin in Eastern Ukraine have been disseminating materials demanding that Jews register themselves and their property with pro-Russian militias." The Eastern Ukraine resistance has denied demanding registration and stated it was a psyop perpetrated by the Kiev government. Franklin Templeton has much at stake in Ukraine. The buying of Steny Hoyer is one example of the pressure F/T is exerting to ensure a favorable outcome.

 

Fri, 04/18/2014 - 10:48 | 4672962 DaddyO
DaddyO's picture

The insidiousness of this corruption is just breathtaking!

Bought and paid for and doing the bidding of the financial interests to the nth degree.

AB, good info...

DaddyO

Fri, 04/18/2014 - 11:32 | 4673094 NotApplicable
NotApplicable's picture

Given over a century of government schooling and the Federal Reserve System, what else could one expect?

Fri, 04/18/2014 - 11:57 | 4673158 deKevelioc
deKevelioc's picture

Regarding the phony Jewish registration, read PCR.  Putin is another Hitler; don't you know?  LOL

http://www.paulcraigroberts.org/2014/04/18/washingtons-corruption-mendac...

 

 

Fri, 04/18/2014 - 12:18 | 4673207 NotApplicable
NotApplicable's picture

As I mentioned in a thread yesterday, the Nazi pamphlet's are a psyop to recast the Nazis in Kiev as the "Pro-Russians" so that the sheeple don't obtain a clue about the coup.

This shit would be hilarious if it wasn't so fucking sad.

Meanwhile, I'm hosting Easter Dinner for my wife's idiot family of life-long Dem voters, who just love to talk about this shit around the dinner table. It seems I may end up spoiling dessert.

Fri, 04/18/2014 - 12:48 | 4673264 AlaricBalth
AlaricBalth's picture

Show them this brief 3:56 video from Bill Moyers final broadcast. You are certain to enjoy a spirited dinner conversation.  ;-)

Bill Moyers on Plutonomy

https://www.youtube.com/watch?v=FSoglDcRbAg#t=61

Fri, 04/18/2014 - 20:53 | 4674582 StychoKiller
StychoKiller's picture

Pretty sure that once Vlad starts hearing some serious complaints from his own rich folks, the Oil/Gaz for gold demand will be issued.  Also pretty sure that China and Russia are gonna sign a Gaz/Oil for Yuan agreement in May as well.

Fri, 04/18/2014 - 12:40 | 4673243 Remington IV
Remington IV's picture

f --- k Krugman

Fri, 04/18/2014 - 09:43 | 4672753 kridkrid
kridkrid's picture

Who could ever imagine a US President being nothing more than a pawn of the banking oligarchy.

well, except for: http://www.rebelyid.com/wp-content/uploads/clintonsignsglasssteagallrepe...
Or: http://youtu.be/NR3RqMMIwD4
Or: http://youtu.be/rcnhF09QN78

Or:

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson

Fri, 04/18/2014 - 10:20 | 4672878 Dickweed Wang
Dickweed Wang's picture

If Wilson didn't sign off on the Federal Reserve Act he would have ended up like William McKinley, who was trying to stand up to the same cabal at the time he was assassinated in 1901.

Fri, 04/18/2014 - 11:35 | 4673102 NotApplicable
NotApplicable's picture

Meanwhile Teddy The Welfare Queen's "Bull Run" ensured Taft was out of the picture as well, in order that the idiot Wilson would ascend to the throne.

Fri, 04/18/2014 - 11:52 | 4673145 Seize Mars
Seize Mars's picture

You guys are correct of course. Funny, they don't teach you that in government school.

Fri, 04/18/2014 - 11:58 | 4673162 NotApplicable
NotApplicable's picture

I always enjoy telling people about how big of scumbags the Roosevelts were, being champion rent seekers by selling bonds for the US Navy. Those fuckers never worked a day in their lives that wasn't dedicated to perpetrating one crime or another.

Fri, 04/18/2014 - 17:41 | 4674031 Seize Mars
Seize Mars's picture

NotApplicable

Agreed with you there. Here is something I have posted before, but it's always a goodie:

>>>>>>>>>>

Originally, 20 year charters for corporations (had to be renewed)

1782 Bank of North America - Founder imprisoned for fraud and other abuses
Charter expired in 1802

1791 1st Bank of the US
1811 Charter expired; renewal defeated by a single vote

War of 1812

1816 2nd Bank of the US
1832 President Andrew Jackson promised to veto renewal
1835 Asassination attempt (survived)
1836 Charter expired

Lincoln prints paper money to fund the Civil War
1863 National Banking Act (20 yr charter)
1864 Linclon speaks against paper money banking
1864 Lincoln Assassinated

1881 President James Garfield opposes renewal of the National Bank Act
1881 Garfield Assassinated
1882 Bank charter renewed ("2nd Charter Period" begins)

1901 President McKinley opposes renewal of Nat'l Bank
1901 President McKinley assassinated

1902 President Teddy Roosevelt approves renewal (3rd Charter Period) (He is a member of a NY banking family)

1912 Taft loses election to Wilson (Roosevelt entered and split the ticket)

Dec 23 1913. Permanent Charter of Central Bank.

1962 President Kennedy gives "Secrecy is Repugnant" speech denouncing Federal Reserve
1963 Kennedy authorizes by executive order, Treasury backed "Silver Certificates"
November 1963 JFK Assassinated

>>>>>>>>>>

1 + 1 = 2

Fri, 04/18/2014 - 12:14 | 4673199 kridkrid
kridkrid's picture

An election that was remarkably similar to 1992. Only in 1992, all of the candidates were in on it. I think Taft was a good man and maybe the last good president (maybe Calvin Coolidge). The presidency needed to flip to a D in 1992 in order to pass NAFTA and GATT... couldn't happen under an R... too much labor union opposition. Similar to needing Taft out of office to get the Federal Reserve.

Fri, 04/18/2014 - 12:15 | 4673202 kridkrid
kridkrid's picture

Come on... McKinley was killed by an "Anarchist". Those bad, bad, anarchists. /sarc

Fri, 04/18/2014 - 12:41 | 4673244 Remington IV
Remington IV's picture

the good old days

Fri, 04/18/2014 - 11:06 | 4673029 813kml
813kml's picture

The US is exceptionally corrupt.

Fri, 04/18/2014 - 12:42 | 4673245 Remington IV
Remington IV's picture

Even the Nigerians and Venezuelans are in awe

Fri, 04/18/2014 - 11:38 | 4673103 Drifter
Drifter's picture

Force Russia out of global markets?

Maybe force Russia out of USD markets, which Putin sorta wants to leave anyway.

"No, please don't throw me in that briar patch [wink wink]."

Fri, 04/18/2014 - 14:45 | 4673586 Lewshine
Lewshine's picture

YA THINK??? Obiwan has no boundaries of fear towards law or ethics. Your ears were designed for his objectives!! 

Fri, 04/18/2014 - 09:04 | 4672645 Oh regional Indian
Oh regional Indian's picture

When the man running the workshop is a tool, what do we expect? A tool with tools. A tool full of stool, yick!

This entire farce has become waaaay to farcial. 

Should we start a SAY NO TO WAR campaign?

Anyone?

ori

http://aadivaahan.wordpress.com/2012/06/30/war-of-the-worlds/

Fri, 04/18/2014 - 09:15 | 4672669 BandGap
BandGap's picture

As a father to six, I would love to say no, there will be no campaign against a war. This outcome grows clearer by the day, we have been conditioned. I do not believe there is a way to stop this, and maybe it is the "best" thing to begin with.

When liars have nothing to fear because of the public's stupor, when liars and evil people can openly procalim who they are and what they intend, what happens next is a choice between right and wrong. Regardless of our desire to make that choice, it will be forced upon us.

Choose wisely.

Fri, 04/18/2014 - 09:32 | 4672714 Oh regional Indian
Oh regional Indian's picture

BandGap, trouble is we have told how to protest also. In this "RAMMish" way which is how war mongers think.

If everyone around you alone, said no, that would be a start. And me. And 10 other ZHers.

Like that. Stop buying, excessive consumption, help people, actively....small things, locally....

The Maidan/tiananmen/mall style protest is just more controlled opposition, easily infiltrated...

ori

Fri, 04/18/2014 - 09:54 | 4672788 BandGap
BandGap's picture

I agree, but these efforts will die far away from where I live. They die due to apathy, nationalism or in a fog of propaganda.

There is no problem if you do not look. I am afraid the die has been cast, not sure this wasn't all inevitable. Heartbreakingly sad, but inevitable.

Fri, 04/18/2014 - 10:05 | 4672838 Oh regional Indian
Oh regional Indian's picture

This is where detachment alleviates sad-ness. Give away a lot, consume little, even if for a while, huge shift. 

Paraphrasing Lao Tzu, in a truly centered man, the tip of the spear finds no flesh in the battle field, neither does the tiger's claw in the jungle.

ori

Fri, 04/18/2014 - 09:53 | 4672789 BandGap
BandGap's picture

I agree, but these efforts will die far away from where I live. They die due to apathy, nationalism or in a fog of propaganda.

There is no problem if you do not look. I am afraid the die has been cast, not sure this wasn't all inevitable. Heartbreakingly sad, but inevitable.

Fri, 04/18/2014 - 13:55 | 4673444 laomei
laomei's picture

The best protest is self-education.  Here's how to examine if you are getting what you paid for:

Products: Ignore the packaging, ignore the design... break it down into base material.  You are paying $100 for 5 cents of plastic and some wires.

Services: Can you do it yourself? Cool, then do it yourself.  No, sorry, your time is not "too valuable", if it were that valuable, you would never watch tv, read a paper, or wipe your own ass... after all, time is money.

Food: Learn to cook, you will enjoy what you make yourself more, and save insane amounts of money.

 

That's really all there is to it.  Cut cut cut cut cut cut cut back on everything, push your personal savings as high as possible.  Cellphone? Get something like ting.  Internet? Share with neighbors.  If there exists a free or cheap alternative, go with it 100% of the time.  That new car? Screw it, if you need to upgrade, buy used and miss out on all the initial depreciation.  Find the cheaper alternatives without sacrificing quality.  If you need to buy crap from China, buy it direct and cut the marketing idiots out of the mix (at most, including shipping, you'll probably pay 10% of retail).

Here's a few tips: Whenever you are buying something food, look at the label.  Pick a diet if you want, some random restriction, or go basic-Halal and just drop pork, and then drop off corn syrup.  Or go low carb.  Just find an excuse to read those labels and fight back against the marketing that triggered that buy impulse in your monkey brain of yours.  If you see advertising, just remember, that that advertising has to be paid for, which means that the product price, no matter how "great" is inflated to make up for that.  In fact, if you see advertising for something, you should just boycott it on principle alone at least for that day, or a week.  Debadge your car, debadge all your gear in fact.  Don't buy clothing littered with brand names and logos.  Stop spending money to be a billboard... if anything they should be paying you.  I drive a Toyota, every single identifying logo or badge has been stripped from it.  The grill has been swapped for a blank, the logo on the steering has been removed and swapped for a blank insert.  All model information, removed, all plugs on the rims, removed and replaced with blanks, a single badge on the back which has a pair of holes under it has been replaced with a custom-made badge.  It's no longer a "toyota", it's just my car.  If you know the car by the look alone, then good for you.  If you don't, well, you can ask, but it's not my duty to advertise the car... same goes for every appliance and gadget.  Look around you, it's all brand labels, it's disgusting and perverse really.

 

Every single item in that supermarket, which just so happens to be at eye level, has paid to be there.  Ditto for the endcaps.  Don't fall for the scams.  And STOP using "cloud" services, for the love of god how stupid are you people?  Get a server, get a shared host, whatever, they are CHEAP.  Anything you put "on the cloud" is no longer yours.  Once you have a server, you have your own email, you get to end a lot of the bullshit in dealing with online.  And speaking of online, run adblockers everywhere.  See an ad, block an ad.  From time to time I find myself on someone else's computer... dear god, what happened to the internet? ads everywhere, thanks, but I choose to opt-out.  I don't need scripts and algorithms telling me what to buy or putting ideas in my head for ways to piss away money.  Just fine without it, thanks.

The sooner you get out of this marketing echo chamber the happier you'll be.

Fri, 04/18/2014 - 11:47 | 4673132 SumTing Wong
SumTing Wong's picture

I've got five kids myself, and I'd really rather not see war. But it appears we are coming back into the 1770s when there were revolutions afoot everywhere. And it might be the time to water the tree of liberty. I'd rather it not get the blood of my children, though, and I'm lucky they are younger for now. 

However, war affects everyone. There will be supply disruptions. We may not be able to travel around much due to shortages of fuel. And some people may go hungry, especially if we see the kind of Depression I'd expect. We've bee nprepping for exactly such a situation with stores of things to get us through the initial problems. And we've gotten a home away from things with farmland, crops, an orchard. We've started the chickens and pigs. Cattle will come when I can get caught up around the homestead, with family stuff, oh yeah with work too. I hope it is soon enough...luckily that whole back area is planted in the best kind of alfalfa and we can always just harvest it instead of having cattle graze.

Kids who learn how to work hard around a farmstead have a huge advantage. The fact that we homeschool means biology class happens very naturally. And the kids would rather chase around chickens or get to mow the grass on the tractor instead of playing with one of those iThingys. When other kids have them at one of the homeschool co-ops, they just can't see the purpose. ORI is right on here, as usual...

Fri, 04/18/2014 - 09:21 | 4672678 DaddyO
DaddyO's picture

War, it's the last tool in the kit and TPTB 'must' use it or be found out.

When you include the derivatives into the debt matrix, moar war is the only solution.

The events this past weekend in Nevada can and may be construed as the beginning of the end.

Sen. Reid's words denote the tonedeaf heading of the .gov and its willingness to start the ball rolling.

This vid gives a different perspective, https://www.youtube.com/watch?v=ilDfAqDNUe4

Bring the soldiers home, we may need them to bolster the efforts of the Liberty minded.

DaddyO

Fri, 04/18/2014 - 09:29 | 4672704 Chupacabra-322
Chupacabra-322's picture

"When all else fails, they take you to War."

-Gerald Celente.

Fri, 04/18/2014 - 09:33 | 4672717 Oh regional Indian
Oh regional Indian's picture

War is the last resort of a cowardly leadership.

ori

Fri, 04/18/2014 - 09:49 | 4672766 DaddyO
DaddyO's picture

Cowardly leadership is rapidly failing or has failed and we are experiencing the vacuum.

This vacuum would give some reason for the rise of Putin.

The apperant goal of the current regime in the USSA seems to be nothing more than creating chaos.

A friend of mine posted this vid about his current view on USSA affairs and I think he nails it.

https://www.youtube.com/watch?v=9bYP4Km94ps&list=UUSi64g0azbv5ULkDLxMN9tw

DaddyO

Fri, 04/18/2014 - 10:21 | 4672823 Chupacabra-322
Chupacabra-322's picture

The World no longer tolerates the "open", no longer "hidden in plain view" Crimimal activity of THE UNIED STATES, CORP. INC.

Crimes against humanity & crimes against The American People have yet to be accounted for.

I agree with your friends perspective on the morality issue. It's beyond corruption, its CRIMINAL & individuals should refer to it as such.

Empires have always fallen do to loss of morality. Why should the Criminal UNIRD STATEs,CORP. INC. be any different?

Fri, 04/18/2014 - 11:38 | 4673111 NotApplicable
NotApplicable's picture

Sorry ORI, had to downvote you for the disqusting use of the word "leadership" in regards to these criminals.

Why do you give them such refuge? If you truly believe they are cowardly leaders, then you are very confused.

Fri, 04/18/2014 - 11:54 | 4673152 SumTing Wong
SumTing Wong's picture

I saw an interesting yard sign this morning. I can't remember the guy's name so we'll go with "Muhammad Chang for senate.com"

Here the guy is admitting that the Senate is a corporate activity rather than governmental??? Seems about right to me... 

Fri, 04/18/2014 - 10:07 | 4672845 toady
toady's picture

Not the sharpest tool in the shed. 

Fri, 04/18/2014 - 10:23 | 4672891 Dickweed Wang
Dickweed Wang's picture

Should we start a SAY NO TO WAR campaign?

Gerald Celente is trying to do just that.  Check out his web site for more info at http://www.trendsresearch.com.

Fri, 04/18/2014 - 09:08 | 4672652 i_call_you_my_base
i_call_you_my_base's picture

Moar rigged.

Fri, 04/18/2014 - 09:13 | 4672653 Rainman
Rainman's picture

'Let's pretend we know what we are doing' Worldwide community organizing = FAIL

Fri, 04/18/2014 - 09:14 | 4672660 Colonel Klink
Colonel Klink's picture

It's all so dirty and corrupt.  The Federal feral government needs an enema.

Fri, 04/18/2014 - 09:32 | 4672715 BandGap
BandGap's picture

Chemotherapy involves using certain molecules which are deadly to certain types of cells. For instance, cyclocytidine specifically targets kidney cells to do it's deadly work. There are, however, casulaties outside of kidney cells which cause all sorts of other tissue damage. The drug also is indiscriminate in it's task - it kills both healthy and diseased (cancerous) cells, in addition to cellular collateral damage.

What people should realize is that chemotherapy is a race - the race pits the chemo agent's ability to wipe out the cancer against the person's ability to survive the loss of healthy tissue and any cellular collateral damage. The cancer gets wiped out and the patient survives is "winning". Any scenario where the patient dies, regardless of the effectiveness of the chemo agent itself in killing cancer, is a "loss".

The United States needs social and political chemotherapy. People will be the chemo agents.

 

Fri, 04/18/2014 - 09:33 | 4672718 Chupacabra-322
Chupacabra-322's picture

It's a "Federal Government" only in name. It's really a Criminal UNITED STATES, CORP. INC posing as a functional Government of the people, for the people & by the people.

Fri, 04/18/2014 - 09:53 | 4672785 Oh regional Indian
Oh regional Indian's picture

Too True.....

Controversial, but true?

http://aadivaahan.wordpress.com/2011/05/20/hey-america/

ori

Fri, 04/18/2014 - 09:51 | 4672779 wmbz
wmbz's picture

That and a bullet it it's head!

Fri, 04/18/2014 - 09:19 | 4672674 Charles Nelson ...
Charles Nelson Reilly's picture

Obama needs to tweet a selfie to make this problem right...

seriously, does anyone expect any other sort of behavior from a bunch of Sociopaths?  As an investor, it signals they are very desparate.

Fri, 04/18/2014 - 11:47 | 4673130 NotApplicable
NotApplicable's picture

Desperation? Where's the desperation to be found when one's mission is to destroy the world so that it can be reordered to their master's liking? The facade is for our consumption only. They could give a fuck about any of it. They are so wildly successful, I can't imagine they don't feel euphoric at all times (the obvious exception being TOTUS events).

The only desperation I see is from anyone trying to successfully be an investor in the midst of it. All you are is a mark. Even if they don't outright steal your capital, they'll still rehypotheticate it and use it against you.

Then there's the whole issue of the fact that you don't even own stock unless you hold the paper certs in your own hands. You're merely an unsecured creditor to the DTCC. One bank holiday, and you're all toast.

Fri, 04/18/2014 - 09:21 | 4672680 max2205
max2205's picture

Never worry about money again......

Fri, 04/18/2014 - 09:22 | 4672683 samsara
samsara's picture

""This is an impressive crowd, the haves and the have-mores. Some people call you the elite. I call you my base."

George W Bush, Al Smith Memorial Dinner in New York, 19th October 2000"

Fri, 04/18/2014 - 09:28 | 4672698 F.A. Hayek
F.A. Hayek's picture

I'm no fan of GWB, but this has what exactly to do with the topic? Bush did it too so that makes it all ok?

Fri, 04/18/2014 - 09:35 | 4672722 Dr. Engali
Dr. Engali's picture

Some people are bitter clingers who just can't get over Bush.

Fri, 04/18/2014 - 09:51 | 4672780 samsara
samsara's picture

My point was(and Paulson worked under what Admin?,  Gave 700 Billion under what admin)  is that there has been no change in leadership in the last 14 years.

Dr. E.   I am suprised you misconstrued the humor.   And Yes,  I can't get over Bush, Cheney, Runsfeld, Obama,  Holder,  Nuland......    Admins come admins go.  SAME team.

 

Fri, 04/18/2014 - 09:55 | 4672797 Dr. Engali
Dr. Engali's picture

I just get tired of the "but Bush " people. They justify Obama's actions with Bush's. In my mind Bush is history, and we are dealing with the here and now.

Fri, 04/18/2014 - 10:18 | 4672871 ParkAveFlasher
ParkAveFlasher's picture

I like Samsara's comment.  They (TTBFP{FwhateveR) all sit on the dais like Sammy Davis Jr. and Lucille Ball, in tuxes and gowns, reading off scripts and eating steaks on your dime, cracking jokes, slapping each others' knees, and stomping the risers like the lucky inbreds they all are.

I think this needs to be reiterated with the coming elections, for with every misgiving of the current president there will be constructed a visible plank to the incoming president's platform / sales pitch.  So Romney will enter here, claiming that he will "gut that bloated corporation called America" just like a kool-aid drinking Bain Boy, but in reality him and his ilk have been as gleefully pissing down your backs these many long generations along with the statists and telling you how bad the weather is.

Fri, 04/18/2014 - 19:57 | 4674425 samsara
samsara's picture

PAF,  Great.  Perfectly said. and the perfect mental picture.  Sammy Davis, etc.

 

Fri, 04/18/2014 - 11:50 | 4673139 NotApplicable
NotApplicable's picture

Please reread that comment and tell me exactly where the "but Bush" part of it is. The quote is an example of the fact that they ALL work for the same masters d.b.a. "Old Money."

Fri, 04/18/2014 - 19:55 | 4674411 samsara
samsara's picture

 

 

Thanks N.A.  For actually reading.

That's Exactly what the joke was.  But the "If not wid us,  yer agin us"  is strong.

Yes, N.A. That was it.  They ALL work for the same team.   And no, I don't give Clinton(Quigley/Rhodes man), Bush the Younger, or Obama any slack.  They are ALL get paid from checks drawn on the same bank. 

Just like the Harlem Globetrotters and the Washington Generals,  Both play an exibition game for the people in the stands.  BUT they're checks are from the same account.

Fri, 04/18/2014 - 10:03 | 4672831 RevRex
RevRex's picture

Your point is on your head. You are just another idiot that mindlessly repeats anti Bush Socialist Semite democrat propaganda, in a desperate attempt to make the serial lying,racist negro socialist look better.

 

How pathetic and shameful.

Fri, 04/18/2014 - 21:09 | 4674623 StychoKiller
StychoKiller's picture

Reeding comprehenshun, get you sum! :>D

Fri, 04/18/2014 - 09:53 | 4672787 F.A. Hayek
F.A. Hayek's picture

At least Liberals are consistent with their insanity. We all know their unabashed love of criminals, so it makes sense when a pedophile goes to trial and claims they were molested when they were a child, so we should show mercy and therefore be enablers for perpetuating the cycle. In the circular logic world of the liberal, 1+1=3.

Fri, 04/18/2014 - 11:55 | 4673153 NotApplicable
NotApplicable's picture

Wait... you just busted on someone for being off topic, then you come up with this?????

Engaging in lefty/righty shit does nothing to help whatever point you were trying to make.

Plus, they're ALL pedophiles (Vlad too). It's an integral part of their initiation.

Fri, 04/18/2014 - 14:11 | 4673487 F.A. Hayek
F.A. Hayek's picture

I didn't bust on someone for being off topic, I busted on someone for trying to rationalize one's criminal behavior with another's criminal behavior. If you like, I can try a different parallel. GWB trampled all over the Constitution with the Patriot act, therefore it is justified that BHO does the same and then some. And I'm not playing the left/right meme here - they're all effing criminals who get into office and focus on serving themselves and their cronies first and foremost, to hell with the American people who put them there.

Fri, 04/18/2014 - 20:05 | 4674447 samsara
samsara's picture

"...Bush did it too so that makes it all ok?"

You are really really a "If it's not A then it must be B"  kinda guy aren't ya?

"Oh, you hate Obama,  so Why don't you move to Russia"    

"Oh, You resent Bush, you must Love Obama..."

Fri, 04/18/2014 - 09:40 | 4672744 RevRex
RevRex's picture

Samsara, you are such a lying coward that you forgot to mention that it was a joke....much like you...   a poor misguided joke!

Fri, 04/18/2014 - 10:23 | 4672889 toady
toady's picture

So many W apologists, so little time. 

Yay red/blue team! 

Fri, 04/18/2014 - 10:32 | 4672919 F.A. Hayek
F.A. Hayek's picture

Speaking for myself, I'm no apologist for W or for anyone else for that matter. Fast forward 5 years, if I hear some repug blaming the situation on Obama, my reaction will be the same. For years now, we've heard nothing but excuses directly from Obama and his admin. This is the surest sign of weak leadership, and I dare say a complete lack of confidence. Politicians get up on the pulpit and make promises and get elected off of those promises. A leader who falls short needs to show the strength and conviction to get up and admit when they're wrong, take responsibility for their actions and talk about the next steps to correct course.

Fri, 04/18/2014 - 10:53 | 4672980 toady
toady's picture

I can virtually guarantee the haters will be there once O is gone. It might actually be a good thing. It shows some people actually have more than a two minute attention span!

What? 

Fri, 04/18/2014 - 21:11 | 4674628 StychoKiller
StychoKiller's picture

"All hail HypnoToad!"

Fri, 04/18/2014 - 20:07 | 4674453 samsara
samsara's picture

8 Weeks huh?   

Will consider the source.

Fri, 04/18/2014 - 09:24 | 4672685 NOZZLE
NOZZLE's picture

The coke sniffing trouser pilot should dispatch The USS obama  Guided Anus Tender to Black Sea for a spurting match with the Russian Navy.

Fri, 04/18/2014 - 09:43 | 4672752 RevRex
RevRex's picture

"yore raycisststtstsistsistss", if you don't believe that recovery summer FIVE is right around the corner!

 

I mean how could anyone in their right mind not trust a racist community organizing negro?

Fri, 04/18/2014 - 11:04 | 4673018 SoilMyselfRotten
SoilMyselfRotten's picture

So you think its the negro in BO causing all these problems? Rev sure aint short for reverend.

Fri, 04/18/2014 - 11:07 | 4673030 NOZZLE
NOZZLE's picture

Rotten, you are right, its not the negro inside that is causing all of these problems its the dumb white bitch who spread her infected ovaries for every african that she could her hands on.

Fri, 04/18/2014 - 09:23 | 4672686 Atlas Crapped
Atlas Crapped's picture

The threat of sanctions, vs. actual sanctions is merely a test of what actual sanctions might do. If the US quarantines Russia from the dollar centric system, Russia, China, India and the Middle East will accelerate the gold-centric system they are already developing. Globalism has merely exacerbated the exorbitant privilege. Sanctioning will encourage regionalism.

www.roacheforque.blogspot.com

Fri, 04/18/2014 - 09:32 | 4672712 y3maxx
y3maxx's picture

Atlas Crapped writes/quotes... "Sanctioning will encourage regionalism." Agreed.....and that's bad news for Canada.....USSA will very quickly conquer Canada "in the name of Solidarity & Peace" Certainly Western Canada....Huge territory, plethora of natural resources, and only 12.5 million citizens.

Fri, 04/18/2014 - 11:05 | 4673027 swmnguy
swmnguy's picture

Why bother conquering Western Canada?  Conventional Empire via boots on the ground is costly.

Fri, 04/18/2014 - 21:13 | 4674633 StychoKiller
StychoKiller's picture

Hmm, probably cheaper to install some puppets in the Canadian parliament (perhaps it's already been done!)

Fri, 04/18/2014 - 09:27 | 4672694 101 years and c...
101 years and counting's picture

i'll say it again: obama's #1 tool against russia is to stop printing money.  oil crashes (along with the "economy") and putin will be selling $60 oil instead of $110 oil.  he'll never do it.  he cant.  if they stop printing money, stocks crash which means "the world will end" in a fiery inferno.

Fri, 04/18/2014 - 09:36 | 4672726 Oldwood
Oldwood's picture

All governments are living in glass houses. Rock throwing generally not productive. The thing to fear is those leaders who believe their power transcends a popular base. This is done through the power of force or control of the media. Glass houses may well end up in shards.

Fri, 04/18/2014 - 09:28 | 4672697 Shizzmoney
Shizzmoney's picture

I didn't know an administration could be as dumb and corrupt as Bush's......but man, these guys in Obama's WH are really making a run for it.

Team Obama = morons

Fri, 04/18/2014 - 09:38 | 4672736 negative rates
negative rates's picture

He and anyone else, would have had no choice but to finish what Bush started.

Fri, 04/18/2014 - 10:07 | 4672841 RevRex
RevRex's picture

So Bush started Socialist Health Care?

Bush started racial hiring quotas for financial institutions that do business with the Federal Government?

 

Bush pushed a Trillion dollar "stimulus" bill to reward Unions, Socialists and welfare tix and leeches??

 

Repeating Socialist Semite Democrat Media propaganda and lies makes YOU look stupid, not Bush....

Fri, 04/18/2014 - 10:07 | 4672846 Winston of Oceania
Winston of Oceania's picture

Two sides of the same inflationary coin my friend, neither of them the true ruler nor even a voting member of the gang, or domestic terrorists (hat tip to harry weed), that have taken over our government.

Fri, 04/18/2014 - 10:29 | 4672908 toady
toady's picture

There is always a choice. The absolute worst thing about Obama is that he ran as someone who would refute the W policies, won a peace prize for it,  then didn't do it. 

Fri, 04/18/2014 - 09:45 | 4672757 RevRex
RevRex's picture

Only braindead Obama sack lickers would  compare Bush to Obama.

 

 

Fri, 04/18/2014 - 09:29 | 4672699 replaceme
replaceme's picture

All I want to know is was this done fairly?  No hedgefunds were left out, right?  That would be wrong.

Fri, 04/18/2014 - 09:36 | 4672724 intric8
intric8's picture

Obozo strikes again! No wonder he had an ear to ear grin in that selfie. Profit!

Fri, 04/18/2014 - 09:37 | 4672728 oklaboy
oklaboy's picture

and this suprises you how?

Fri, 04/18/2014 - 09:40 | 4672742 Peter Pan
Peter Pan's picture

Obama is such a good puppet that strings are not even required.

Fri, 04/18/2014 - 10:03 | 4672830 negative rates
negative rates's picture

Not required but still there.

Fri, 04/18/2014 - 09:50 | 4672751 Dr. Engali
Dr. Engali's picture

"Former administration officials have said forcing Russia out of global financial markets is the strongest tool President Barack Obama has at his disposal in trying to defuse the ongoing crisis between Russia and Ukraine."

And just how in the hell is provoking the bear supposed to diffuse the crisis you created Mr. Peace prize winner? You know damned good and well that diffusing the situation is not on your mind. You and your neo-con friends are trying to escalate the situation.

Fri, 04/18/2014 - 09:55 | 4672798 toady
toady's picture

Beat me to it. I had it all copied& ready to paste! 


If country is Russia

 

"defuse" = "escalate"

 

Or country is US

 

"escalate" = "defuse"

 

 

Gotta love the MSM!

Fri, 04/18/2014 - 10:00 | 4672814 Winston of Oceania
Winston of Oceania's picture

For a very long time both the Soviet Union and Communist China were in fact locked out of trade with the West except of course for the black market. This had the effect reducing the world market in size by half. Times have changed but we could see a return to such a divided market where China and Russia trade amongst their own block of economic allies. As of now the currency wars are dead and trade wars will fill the void until the actual shootng starts. In that context the West may be aiming at dismissing the bonds owed to both Russia and China to escape the crushing debt they find themselves under.

Fri, 04/18/2014 - 10:53 | 4672981 Catullus
Catullus's picture

What's worse is that further engagement in the global economy probably increases the prospects for peace. If they further isolate Russia, they have less to lose.

Of course these people are from the school of "embarrassing us domesticlally calls for crippling economic sanctions" diplomacy, so what do I know.

Fri, 04/18/2014 - 09:50 | 4672775 rsnoble
rsnoble's picture

And just how well is forcing a nuclear power out of financial markets going to work for the rest of us?

Fri, 04/18/2014 - 11:05 | 4673026 moonman
moonman's picture

About as well as when we cut off oil to Japan in August 1941?

Fri, 04/18/2014 - 09:59 | 4672806 Last of the Mid...
Last of the Middle Class's picture

If you've ever wondered what 100% total incompetence in the white house would look like, this is it. Rule of law, common sense and any responsibility towards the people that elected our puppet in chief have been completely abandoned. At this point just get them out so we can begin to heal from this madness.

Fri, 04/18/2014 - 12:10 | 4673192 NotApplicable
NotApplicable's picture

Given that "competence" equals the ability to keep the facade shiny, we should all be very thankful when total incompetence is so well displayed.

After all, it isn't like there's ever been a true leader of the people in the office in our lifetimes. JFK was the last one that openly considered it, and look what he got for his trouble.

Fri, 04/18/2014 - 15:10 | 4673654 Seeking Aphids
Seeking Aphids's picture

Exactly.....on a scale of 1-10 this 'insider trading' story rates a 1. There is so much more going on that this barely rates a mention. Gold was monkey hammered again this week - at a time when it would normally have shot up. How did that happen? Now that rates a 9. And the manager of Fukushima saying that there are areas over which he has 'no control' rates a 10.

Fri, 04/18/2014 - 10:14 | 4672829 HardlyZero
HardlyZero's picture

South Stream will not be funded ?   and then EU will have expensive natgas, and will buy Germany's delivered by Nord Stream ?

No Western fiat funding for you !

So EU pays the price too and will have to fund South Stream some other way (EU, London, China, India, etc.)

Fri, 04/18/2014 - 10:08 | 4672849 LawsofPhysics
LawsofPhysics's picture

The oligarchs can do whatever they want, not so much for a citizen. 

Same as it ever was, until it isn't.

Full faith and credit bitchez,

no more faith means no more credit motherfuckers...

tick tock.

Fri, 04/18/2014 - 10:23 | 4672890 Chuck Knoblauch
Chuck Knoblauch's picture

No shit, Sherlock!

Captain Obvious is working the ZH controls today?

Fri, 04/18/2014 - 16:25 | 4673820 Wait What
Wait What's picture

factoids for the 1000s of newb ZHers, recent apostates from 'rainbows and unicorns' left/right religions.

Fri, 04/18/2014 - 10:26 | 4672902 Atomizer
Atomizer's picture

Obama will sponge off your asset allocation, they promise to provide a 500% return in borrowing your hard earned money.

Don't worry about a IRS. As long as you don't show your voting colours. You just won’t be bothered. Buy gold and silver to exchange your wealth net worth. Don't play the debasing currency game. 

Food for thought. Remember mrya plans under this administration. It's the next war bond strategy to pay off nearly 18 trillion in building bridges and filling highway potholes. Union related of course. 

Fri, 04/18/2014 - 10:31 | 4672916 Kaiser Sousa
Kaiser Sousa's picture

DEATH TO THE MONEYCHANGERS.

Fri, 04/18/2014 - 11:56 | 4673151 Son of Captain Nemo
Son of Captain Nemo's picture

Well in his twisted little CIA trained fucked brain when sanctions don't seem to be working and the Russian market won't collapse the way you want it too...

For them it's ALL or NOTHING just as it was in 2008!

Fri, 04/18/2014 - 12:20 | 4673214 pragmatic hobo
pragmatic hobo's picture

absolutely fucking ridiculous ...

Fri, 04/18/2014 - 16:13 | 4673784 Wait What
Wait What's picture

"The meeting in Washington last week included several mutual-fund companies with large bond units, according to the person."

"... during the meeting, the CEO of the largest fund sat at the head of the table, and the treasury official sat in his pocket."

Fri, 04/18/2014 - 20:30 | 4674503 Rising Sun
Rising Sun's picture

There are two things saving the US from being overrun by Barry and his fucking nazi's.

 

Constitution.

 

Second Amendment.

 

There are others, but this fucking dogshit keeps getting worse.  Barry deserves to get plugged and soon!!!!

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