Purl Gurl

Should Wall Street Have Saved Itself?

“...some of the people who struggle the most are high-IQ sorts, with a tendency to over-think trading decisions.”

- Paul Kedrosky

Paul currently comments on Wall Street,

“...blaming the banks for doing what they had to do....”

Typical of a PhD type to over-think mocking parody. Your sarcasm is sorely appreciated by this PhD type, also out of the University of California, but not the sun tanned surfer, party hard campus down south, your San Diego campus. No, I am up here at our traditional straight laced conservative right-wing farmer agricultural campus, Riverside.

As you know, PhD types typically have not a cow lick of common sense. You have some common sense. I have my share of common sense. Your common sense is displayed through your frequent sarcastic articles aimed at mockery of the powers that be; sometime during the course of your life you learned to question societal dogma.

My common sense originates from being born penniless, ignorant and bare foot on a rural Oklahoma farm, literally on our farm. We were richly poor. Life on our farm could not be better although we had no car, although electricity, telephone and television did not come to our farm until the late Sixties. We never went hungry, well, almost never. All of our needs were provided through farming. A good life, there were even years our family was able to save up a few hundred bucks over the course of a year.

Personally, I would rather still be a farmer than a PhD type over-thinking my stock trading.

My Choctaw elders taught me about life, pride and integrity. Grandpa, an Anglo, taught me about being fiercely honest, usually by taking a switch to my bare butt.

We bartered a lot corn for socks, boots, coveralls along with pots and pans. Sometimes we sold corn to our local community. Grandpa taught us, after leveling off a bushel of corn, to add two quart Mason jars of corn to maintain our family reputation for fierce honesty. When we sold a gallon of raw milk, we always tossed in a pint of fresh cream. A dozen eggs from our farm counted fourteen. Behind Grandpa’s back, we always gave a couple of free quart Mason jars of white lightning to our local sheriff in exchange for his overlooking our still which we operated far off in a pine forest on our farm land. We played the survival game fair and square although Grandpa never knew we were bootlegging. Grandma knew, though.

Wall Street has no common sense. Wall Street is engaged in a business of selling empty bushel baskets with a promise of filling those baskets with corn, sometime in the future. Surprises me how many people will buy empty bushel baskets based only on a promise of future rich rewards.

This is what Wall Street leveraging is all about; selling empty bushel baskets of promises. Maybe this is just we Okie farmers have a bit more common sense than to buy empty bushel baskets, even if we do drink white lightning.

I do not know. Reckon I figure the old fashion way of doing business is the right way. Folks around our farming community always came to our farm to buy crops, milk, cream and salted pork knowing they would enjoy a really good bargain, along with enjoyment of swapping lies and swapping tall tales, along with swapping a blackberry pie for a gallon of our raw milk.

Wall Street has no common sense, has not enough sense to toss a few handfuls of corn into their empty bushel baskets so naive and gullible traders will think they are receiving something in exchange for their easily and soon parted money.

Yes, Wall Street should save itself and Wall Street is to blame for these financial crises which plague us like blood sucking ticks and chiggers back on our Oklahoma farm. Wall Street should grow some corn to show off, to sell, to take to the general store to barter. Wall Street simply has not a cow lick of common sense; their heads are empty bushel baskets.

What do I know? Heck, I am just an ornery Okie farm girl who likes to sip white lightning while telling really tall tales about my wild Choctaw lifestyle. Well, I have sense enough to keep my doctorate degree buried under reams of paper in a bedroom closet so none will think me to be a PhD type who has not a cow lick of common sense.

I also have sense enough to fill up a bushel basket with corn until overflowing. I am honest.


Okpulot Taha
Choctaw Nation

In the Wake of Bear: I-Bank Regulation Now in Fed's Hands

You are the Prince of Wall Street. I am the Witch of Wall Street.

Prince writes, in part,

"Leveraging through derivatives will probably end with an order from the regulators against such actions."

I would not hedge a bet on this, certainly not under Bush's administration. Regulatory enforcement and regulatory actions, both are down significantly since Bush fired aggressive SEC chair Bill Donaldson then replaced him with a known crook, Chris Cox.

Some quick SEC numbers generated by the White House:

Cases Successfully Resolved:

Donaldson - 98%
Cox - 92%

Cases Filed After Complaint Initiation:

Donaldson - 69%
Cox - 54%

Monetary Disgorgements / Penalties Ordered

Donaldson - 86%
Cox - 55%


There is no doubt new regulations are needed to strap a leash on this new class of Wall Street criminals. However, a leash serves no purpose when our government actively discourages enforcement of securities regulations and discourages enforcement of our laws; Wall Street criminals are allowed to run wild upon our streets while their leashes hang on a wall in the SEC chairman's office.

Is not this the true crisis we Americans face today?


Okpulot Taha
Choctaw Nation

The Fed: On the Cusp of Moral Hazard

Roger Ehrenberg comments,

"But my analysis was predicated upon one key assumption: that the Fed is not populated by a bunch of morons."


There is your fatal erroneous assumption for your analysis.

The feds are blithering idiots, capital hill is populated by clowns and the Oval Office is a romper room for an illiterate chimpanzee.

Our American public is not of much higher caliber; almost all of our citizens are fat, lazy, hamburger eating, beer drinking, television remote control button pushers.

Wall Street, however, is overburdened with savvy financial criminals.


Okpulot Taha
Choctaw Nation

The Credit Crisis and Potential Shorts

Ah ha! You boys are talking all around the true opportunity to make long term profits off this financial sector crisis. This true opportunity is to roll much of your money over into real estate.

Stock traders frequently chase around different market sectors based on anticipated better performance within a given sector. Stock traders often do not think of sectors outside our traditional stock market sectors.

Real estate investment will prove a very viable investment in the long term, with long term being a number of years away. The real estate market will recover, always does, but will recover very slowly as is expected and as is historical. There is a way to profit and multiply your profits in the real estate market. This method is to purchase rental homes for income.

Only trick to rental home investment is location, location, location. A typical three bedroom, two bath home is a more attractive neighborhood is an excellent investment; we have never lost money on income real property. Our equity value moves up and down in the short term, but long term growth is typically better than most long term stock investments.

Home prices have not quite hit bottom but are coming very close. Some micro-regions are now beginning to display increases in home prices, others have stabilized, most regions are still yet to fall another two to four percent. Timing of purchase of real property is not too important but is to be considered. This is a hot buyer’s market for real estate; prices will not be this low ever again during your lifetime.

Opportunity here is double. There will be equity growth plus enjoyment of monthly rental income. Equity growth will be somewhat slow to resume but monthly rental income is quite reliable; a virtual guarantee if you properly manage your rental homes.

Here in Southern California, an average home in a decent location will fetch a rent in the range of $1200 to $2000 per month. This is a decent fixed income. Demand for rental homes has skyrocketed right along with foreclosures skyrocketing. We enjoy a waiting list for our rental homes, a very long waiting list.

Of course there is upkeep, taxes and such. This carves out about one-fourth of yearly income.
Rental homes do require work, especially if you buy a “fixer upper” type home but there is no better money earned than sweat equity. Sometimes a headache dealing with tenants but income is very consistent, very reliable, very low risk.

Concept is, on the average, you enjoy ten percent growth in equity per year plus your annual income from rent collected. This is a very decent growth in your money. Equity moves up and down with market value but, historically, always moves upward. Rental income never moves downward and enjoys room for modest increases in rental fees, especially between tenants.

Our approach to buying real estate is to always pay cash. We have no mortgages making for an excellent equity position. However, most are not willing to work at real estate investment for decades to earn a position of being able to pay cash for homes. There is an alternative. This is to make a down payment of fifty percent then finance the rest. Typically, your rental income will pay your mortgage payment, with fifty percent down on the purchase price. If a lesser down payment, your rental income will not quite meet your mortgage payment which is a bit of negative cash flow but your equity growth compensates for this. Other words, your tenants pay a majority of your mortgage payment, you pay a little and realize gains in equity growth. More succinct, your tenants are paying for your purchased house.

This is an excellent time to roll your money over into real estate. Again, location of a home is extremely critical. A decent neighborhood is a must typically gauged by a location within a good school district and a safe neighborhood, which parents want.

A caution is some regions in our country will experience continued falling in real estate prices to a rather severe degree. Typically, rural, industrial and urban centers are not good locations. This is to be carefully considered and carefully researched.
Regions like Southern California, lower Florida, Las Vegas, Reno, Portland, Seattle, New York, Boston and other popular cities, out in the suburbs which are attractive to family living, these are types of micro-regions which will recover first and display the greatest growth over the years. In some cases, equity growth can be up to 15 percent to 20 percent per year, in a high demand location, often suburban areas surrounding major job market centers.

Real estate market crashes like today’s do not come around very often. Usually crashes like this are twenty to thirty years between. Chances are very high this is the best buyer’s real estate market you will witness during your lifetime.

Should you be looking to safely profit on this credit crisis, consider buying income real property.


Okpulot Taha
Choctaw Nation

It Wasn't a 'Bailout'

James Hamilton writes, in part,

"Bear Stearns...The first big casualty of the credit crisis, yes. Bailout, no."

This historical action by the feds was not a bailout of Bear Stearns rather was a bailout of Wall Street, at large. There is really no difference with the feds simply using Bear Stearns as a vehicle to bailout almost all other Wall Street financial institutions.

Bear Sterns is not a "casualty" of this credit crunch. No, Bear Stearns did not shoot itself in the foot, Bear Stearns shot itself in both feet through deceptive business practices. This deception is the clear omission of truth about this company's fundamental strength, or lack of fundamental strength.

While statistical analysis of our economy, of our world economy, serves an important and good service for all, this learning afforded through analysis is of lesser quality when presented data is fabricated. Clearly Bear Sterns engaged in fabrication for quite a period of time before this company could no longer cover up truth.

Certainly controversial, my personal opinion is a good eighty percent of corporate executives, especially those directly involved with Wall Street, are financial criminals yet to be caught and prosecuted. Readers can fairly debate what percentage of Wall Street executives are criminals, but cannot debate this level of securities fraud inflicted upon American families is significantly higher than is expected; financial crime is pervasive across Wall Street, both subtle and overt.

Part of my personal trading strategy is considering all companies to be operated by financial criminals. I presume all company executives to be liars and thieves. Then I proceed to work at proving those executives to be truthful and honest. Quite rare am I able to prove those of Wall Street to not be criminals.

I am not so sure this fed action was a bailout. I do entertain a suspicion this fed action was, in part, an effort to delay revealing truth, while working at correcting problems created by deceptive corporate practices.

Fortunately, truth has a habit of becoming self-evident, in time.


Okpulot Taha
Choctaw Nation

Are These "Once In A Lifetime" Moves?

Two young boys at Bespoke Investment Group, comment in harmony,

"It usually takes 5 to 10 years for these stocks to move this far down and this far up again. In the current market environment, it takes less than 24 hours."


Don't you young boys just love this wild roller coaster ride? Tell ya, this really excites me.

These are times when decades of stock trading experience pay well and I am earning boat loads of bucks through high anxiety, high risk day trading.

Fundamentals, out the window with the baby. Technicals, might as well be drawing cartoons of Mohammad. These are market conditions, within the financial sector, requiring quick assessment of trader perception based solely on volatility of share prices. This quick assessment is keeping your ugly mug plastered to your live feed while watching minute-by-minute changes in trending.

Not for everyone, not for almost all, certainly not for young boys who fancy themselves savvy traders, these are conditions under which those very few with lots of experience and a willingness to take on extreme risks, can made gobs of money, or lose gobs of money.

I am loving this wildness in the markets. If I could this my way, our stocks markets would be this wild on a daily basis; this is exciting.

Probably kinda scary for young boys, though.


Okpulot Taha
Choctaw Nation

Thinking About the Bear Stearns Bailout

I am flattered to have stolen David Merkel's thunderous voice from Heaven. Praise the Lord and Her ticker tape. Nothing masturbates my ego better than having a blog rendered a discussion about me.

Where I am is about to hot rod my way to our bank, laughing the whole delightful way. On Sunday, I had a parish priest bless my plan B for making a graceful exit from Bear Sterns.

I did so. Plan B cleared me a net profit of $4688.51 in exchange for a weekend of significant high anxiety. A few more gray hairs on my head, a few more worry wrinkles on my face, but worth the money. Just a matter of dumping a total quarter million into Bear Sterns to exit with a little bit of pocket change.

Whew! Thank God and Her preference for favoring women; now I can afford a tank of gas for my classic hot rod Corvette.

So, how many of you savvy trader boys saw this $2.00 per share sellout coming on Sunday? Not one of you! I sure did not nor did anyone else around our world.

Difference between boy traders and girl traders is God, in Her infinitive wisdom, blessed us women with metaphorical balls and blessed us women with sense enough to have a plan B backup.

Now I am looking at plan C to possibly earn more profits off Bear Sterns but must first confess to a priest inside one of those cramped little boxes where people spill their guts and say a lot of "Hail Mary" type repentance. I must confess I made use of a lot of vulgar words on Sunday afternoon. Certainly I am on the Highway to Hell.

Not really. I am not about to confess to a priest I am a typical healthy person prone to both success and failure, along with be tempted by the lure of the Almighty Buck.

Besides, I am pagan savage American Indian.


Purl Gurl
Choctaw Nation

The Bailout's Pathetic - Here's Who To Blame

Sammyg delights us with a bit of humor,

"Okpulot Taha of the Choctaw Nation, I certainly have my issues with Wall Street, as you do, but I detect a shrillness in your rhetoric which smacks of glee."

Ha! Ha! Damn straight, Bubba. I am an English professor who simply delights in masturbating my ego through shrill stirring it up. Lots of fun is found in eliciting emotional responses from readers. Doing so, also prompts readers to do a bit of thinking, and a bit of thinking is sorely needed here in America.

I must be firm but fair. This is a bit of thinking lacking amongst both the American public and amongst those of Wall Street. Our American public is not thinking, well evidenced by living beyond our financial means. Americans have not accepted responsibility for keeping strict family budgets. Wall Street is not thinking, well evidenced by these exotic sub-prime loans. Americans knew, beforehand, they could not afford those loans, just as Wall Street knew, beforehand, a significant percentage of those loans would default.

Everyone, from our public to the elitist crooks of Wall Street are stuck in the right now, and all want everything, right now. This is not how life operates; there is a future and future planning should be the right now thinking.

Many are looking to blame someone. True blame belongs to all of us.

Well, almost all save for our family. We were born to poverty on a rural Oklahoma farm, then scratched and clawed our way to financial security. We behaved responsibly and are rewarded for our willingness to "do without" in exchange for a secure future. No doubt there are very many other families out there who are just as successful, more successful, because those families also worked hard, saved their money and behaved with responsibility; they lived a lifestyle well within their means.

I am not too worried about this financial meltdown. Personally, I find all of this rather entertaining. Reads to be a rather cruel attitude but you get what you earn. I hold people accountable.

Yes, there is horrific abuse of American families by Wall Street and by our government. This is not new, annoying but not new. People simply need to plan ahead for being ripped off by the so called ruling class over on Wall Street and on Capital Hill.

Of course, Sammy, there is glee in my written voice. I am delighting in watching both Wall Street crooks and politicians being paraded around the streets, buck ass naked for all to see. I am not delighting is seeing so many American families being harmed. Nonetheless, this is the nature of reality.

Entertainment is found in watching all these talking heads popping up here at this website, in the press, on the radio, on television, all over Wall Street and Capital Hill. Almost all are simply making fools of themselves through offering convoluted explanations for what is happening and what truly is happening is a lot of ass covering and self ego masturbation, quite impotently at that.

What is truly happening is we are paying the price for living beyond our financial means.

I am not worried because if Bear Sterns goes down, so does our American economy. Should America go down, so does the rest of the world, although virtually all of the world hates America. This will not happen. Money will come flooding in from all around the world to save our American economy, thus saving the world economy. Fat cats out there simply cannot make do without their lavish lifestyles, afforded by ripping off us pissants. Those fat cats are not out to save our world, no, they are out to save their opulence and power. All of this will pass in short order and there will be great improvements.

Some improvements will be found in Americans smartening up by being slapped down. Some improvements will be found in Wall Street fat cats realizing they will lose their ability to steal from the unwashed masses if they do not toss us slovenly servants a bit more bread and butter.

Much worthless rhetoric is being bantered about, talk of tougher regulations and laws. This is nonsense, this is a verbal placebo for us peons. There is no need for this. After recovery from this comical financial debacle, people are not about to make these mistakes again, both out here on our impoverished gasoline alley and on eloquent estates of Wall Street criminals.

No, this will resolve. Status quo must be maintained. We untouchables must continue to be victimized by Wall Street, and fat cats of Wall Street must continue to be fat and happy. This is the way of the world.


Okpulot Taha
Choctaw Nation

The Bear Necessities: Law of the Jungle Rules

Simple d states a simple truth,

"Wall Streets' butts may not really be 'spanked'...."

Before you can suffer having your butt spanked, you must first enjoy pride and dignity. Wall Street fat cats have neither.

These recent bouts of Wall Street fat cats being kicked out of corporate jets is meaningless. Those fat cats enjoy Golden Parachutes worth hundreds of millions, making for soft landings. More insulting is Capital Hill raising a big ruckus but taking no action; politicians are in the pockets of Wall Street fat cats.

All of us pissants out here would love to be paid hundreds of millions of dollars to be complete failures. We are really good at failure.

A lack of pride and dignity is almost impossible to cure. Accountability can be cured but is very difficult when government regulators and politicians are owned by Wall Street fat cats.

Recently, I submitted a shareholder proposal to a company for proxy vote. This proposal is to hire a specific person for a CEO position. Part of my proposal is linking his pay to share price performance; share value goes up, his pay goes up. Falling share prices, his pay also falls. This shareholder proposal will never fly like those corporate jets. This type of accountability is grossly unacceptable to Wall Street fat cats whose only intent is to continue ripping off the American public for as much money as possible.

There is no pride and dignity amongst those of Wall Street. There is no accountability amongst those of Wall Street. While I write of butt spankings, there truly are no butt spankings because those of Wall Street are untouchable; they are well guarded behind closed doors of vast estates of luxury bought with ill-gotten gains.

I probably should have my big butt spanked for stupidly thinking those of Wall Street can be held accountable for their actions. However, wishful thinking does feel good, at times.

I do wish I could take a switch to the bare butts of Wall Street fat cats.

Okpulot Taha
Choctaw Nation

Thinking About the Bear Stearns Bailout

Hook writes for readers, in part,

"I hope you have a crate of gas-X because that BSC stock is going to cause you some indigestion."

I will fall to my knees and pray for profitable salvation.

There is little concern on my part. Should my trading strategy prove successful, I will be out of Bear Stearns stock before close of markets on Monday, and enjoying a five to ten percent profit margin.

If not, I will be out of BSC by Monday afternoon and suffering a five to ten percent loss on my money.

Trading stocks is simply an art of risk management. You have to be willing to take risks if to effectively play the markets.

Prescient shares his thoughts,

"Sharks are out looking for blood and several firms will make serious money."

Yep. Bear Stearns is a K-Mart blue light special at a fifty percent discount sale price, a blood in the streets sale. I am noting there is even a Chinese shark or two joining in on this feeding frenzy. Rumor has it JP Morgan will be the shark who takes the biggest bites.

Peter Lynch up there, smells this one just right. Only problem with Bear Sterns, setting aside a cash flow problem, is fear and panic. Any of you readers notice how fast trades were flying by on Friday? Heck, I had to down ten cups of Folger's jitter juice just to catch every fifth trade flying by at warp nine.

Label me a sinner. I jumped in to wring a few Chicken Little necks for a fine feast. Rather gratifying to feed upon fear and panic of others; easy pickings. Easy to do when you do not have Heavenly commandments and proper societal mores in your way.

Pays well to be a pagan savage.


Okpulot Taha
Choctaw Nation

The Bailout's Pathetic - Here's Who To Blame

Oh, Henry! You are not looking at the big picture as suggested by rdial.

Before rushing into one of my usual American Indian rants, Henry, are not you pleased as punch Eliot is being "keelhauled" just as he keelhauled you, back when Eliot was attorney general? Boy howdy, what goes around, comes around.

This is what is happening to Wall Street and CEO types; go around, come around. You are a CEO type, yes? You understand the primary purpose of Wall Street is to defraud the American public of their money so CEO types can drive Mercedes Benz cars and live a lavish lifestyle within an upper New York state vast estate.

Henry, dear boy, this is not a bailout of Bear Sterns. This is a bailout from our American public panic. Roll down your driver's seat Porsche window then have a look at the streets. No, I am not writing Wall Street, I am writing Main Street, Hometown, America. Take a look around. Open your eyes. What I see out here, from my 1952 Chevy pickup rust bucket, is American families in a world of financial hurt.

I see American parents wondering if they will be able to buy food to feed their children until the next paycheck arrives. This is not a problem for Jaguar driving, estate living Wall Street tycoons, yes?

America is in a panic. America is being foreclosed out of its home. America is visiting Check-Into-Cash to finance a few gallons of gasoline. America is not bothering to balance its checkbook; no money.

America is in a panic and this is what the Bear Sterns bailout is all about. This chimpanzee in the Oval Office, those boys at the fed bank, are not at all concerned about Bear Sterns. This is all a circus show with intent to persuade Americans to not form past history long lines at bank doors to withdraw what little cash they have.

Americans are to blame for borrowing more money than can be afforded. Wall Street is to blame for easy lending to people who those lenders knew could not afford those loans. Americans are placed in a position of needing to borrow because of Wall Street defrauding money from our public simply for financial greed.

Americans are hurting because we have a chimpanzee in the Oval Office and we have crooks residing on Wall Street.

This Bear Sterns bailout is a federally sponsored three ring circus act to entertain Americans, to divert America's attention from Wall Street corruption and bad federal economic policy.

Should Bear Sterns go down, so will our American economy and our entire world economy. This is a chimpanzee led circus act to prevent our public panic from becoming a hanging noose carrying, torch bearing lynch mob howling at the doors of the White House, with has a street address on Wall Street.

While I have significant compassion for our American families, I am truly delighted to watch Wall Street fall to a status of Skid Row, Los Angeles, shame. This is justice for decades of Wall Street financial crime. Sadly, Americans are being punished for crimes of Wall Street crooks.

Okpulot Taha
Choctaw Nation

The Bear Necessities: Law of the Jungle Rules

Roger Ehrenberg comments in his editorial, in part,

"The decline of a proud firm like Bear Stearns is really hard to stomach for a long-time Wall Street denizen."

Well then, Roger, you are aware Wall Street is truly a massive organized crime industry. Those of us who are not close to Wall Street and do play the stock markets, are not blinded by a close view nor by close friendship. We savages out here in the wilds clearly see Wall Street as a corrupt high White Tower in the process of crumbling and falling. I am absolutely delighted by this collapse of Wall Street proper; revenge is finally ours, revenge for decades of Wall Street defrauding our American public.

In keeping with my firm but fair attitude, this current financial crisis is not entirely the fault of corrupt Wall Street. No, there is much responsibility to be shouldered by Americans who made rather poor financial decisions, such as borrowing more than they could afford. This collective poor financial decision making by our American public is the squeeze of the trigger of a shot heard around our world.

This time, a poorly aimed public bullet has struck Wall Street right in its corrupt and unethical heart. This heart is cash liquidity. I have no heart for Wall Street. In rural Oklahoma we often say, "He needed killing." This is a reflection of our rural farming justice system.

The heart of our current financial crisis is trust and confidence. Our American public, rightfully so, does not trust Wall Street and our American public, rightfully so, has no confidence in Wall Street. This is rightfully so because of decades of fat cats riding on the backs of our American public.

Americans are to blame for borrowing more money than could be afforded. Wall Street is to blame for generously lending money to those Americans, lenders knew right off could not afford to borrow. Our public borrowed, unwisely, based on hopes and dreams of enjoying a better life, based on a hope of simply owning a home to provide comfort for family and children. Wall Street, while enjoying lavish flats in Manhattan and driving Porsche cars, stepped right up and like a sly fat cat said, "No problem, we have lots of money for you."

This Wall Street fat cat knew ahead of time those borrowers would eventually default because of living beyond their means. This is of no concern to a Wall Street fat cat. No, instant gratification, instant cash for a Jaguar, this is the only thought of a Wall Street fat cat; “Be damned the future, I want my Brownstone right now.”

A curse and a blessing, our American public is out of their homes through foreclosure, out of money because Wall Street fat cats have defrauded all of their money, and our American public is now in a panic leading to a jerk of a financial trigger which has nearly fatally wounded Wall Street.

This is a curse because so many American families are suffering injury through poor financial decisions. This is a blessing because American families have learned Wall Street is organized crime. America families, today, are smartening up. I doubt Wall Street is doing the same.

Our financial crisis is all about trust and confidence. This is not about Bear Stearns being bailed out, this is not about Bank of America buying out a troubled company. This is about our American public having no trust in and no confidence in Wall Street.

You boys of Wall Street are having your butts spanked and this spanking is decades overdue.


Okpulot Taha
Choctaw Nation

Thinking About the Bear Stearns Bailout

I am confident Bear Sterns will survive, just fine, enough so I dropped a hundred grand into their stock near close of yesterday's stock markets. Maybe I should pray. However, I am a pagan American Indian and I am not confident God, in Her infinite wisdom, will entertain my financial prayerful pleadings, "Please God, I want to be more rich."

Chance of a Great Depression II is not likely; God is on our side.

My personal take is we have reached the pinnacle of this current financial crisis, a crisis which never should have come to be. I am not writing this crisis should have been prevented by powers to be greater than God Herself. No, I am writing those of our American public and other peoples, have been slapped down and removed from our markets for their irresponsible borrowing of money. Yes, a lot of families are caused harm but this is self-inflicted harm. Yes, there is some responsibility amongst lenders for lending to families who those lenders knew had no chance of making payments, especially when interest rates reset.

So, all of us are being b-word slapped. Our bottoms are being spanked, and lessons are learned. Will not be long those television commercials for new cars will have changed fine print, "Only for exceptionally well qualified buyers." This is not you. Today's well qualified buyers are those who pay with cold hard cash, if not cold hard gold bullion.

Inherently, there is a lot of panic surrounding this Bear Sterns comedy, and this panic is what the Feds are addressing. I am not in a panic, nor should others be in a panic. This blood in the street is our cue to start buying stocks, a variety of stocks and lots of stock.

Our fed boys are not saving Bear Sterns. Those fed boys, guided by a chimpanzee romping around upon an Oval Office desk, those feds are saving us from panic. Our feds are sending us a message, "Don't worry, be happy." The Bush monkey and circus sidekicks are addressing our American public by bailing us out of panic which could lead to a certain collapse of almost all financial institutions. Our Oval Office chimpanzee is being taught about a past history of Americans forming long lines at bank doors to withdraw their cash.

Our federal three ring circus will prevent this by dropping tons of freshly printed dollar bills from black U.N helicopters upon the American public.

I am not worried about Bear Sterns, am not worried about our American economy. I am worried about our American public flying off into an mindless panic rather than their calmly acknowledging our American public is the root cause of our current financial calamity,
then getting to work repairing the damage done by poor thinking.

I would pray for our America but I am a pagan American Indian who relies upon good thinking and upon good actions rather than upon wishful prayers.

Okpulot Taha
Choctaw Nation