Econ 101

More AIG Controversy: Maiden Lane III

Can anyone spell RICO indictment??? This entire meltdown in September 2008 was a criminal enterprize to defraud the American Taxpayer for generations perpetrated by the Bush administration and the big banks, esp GS.

The real fraud occured much earlier when the CDOs were misclassifed as not being insurance. If AIG had been required to maintain reserves as tho they were insurance then it could never have entered into the mountain of risk and the banks wouldnt have either.

Has the Dollar Been Debauched? (Hint: Check Out the DJIA Priced in Gold)

Tungsten not tunstion. Sorry I have fat fingers.

Did you hear John Paulson is starting a gold fund with $250 million of his own money? (online.wsj.com/article...)

Just another shell game!

Has the Dollar Been Debauched? (Hint: Check Out the DJIA Priced in Gold)

Against a different SA article turtle1663 (seekingalpha.com/user/...) published an entry that quotes yet another bloger (Jimwillies Hat Trick) that the Clinton Administration substituted tunstion for gold in Ft Knox. That the Chinese are now demanding delivery of gold on the London commodities exchange. That the "gold" held by the EFTs are frauds and that the EFTs have a clause, disclaimer, in the prospectus that gives them a legal out.

When delieries come due in December and March 2010 the Chinese will break the paper stranglehpold on gold prices.

And that Bill Clinton and Robert Rubin will be held accountable for fraud. Oh, sorry thats not right, Bill will never pay for his crimes, he will just argue the definition of "is". Maybe HRC dropped her bid for POTUS and bert cert investigation, because BHO blackmailed her? Naaa, couldnt happen.

Former Citi CEO John S. Reed: Mea Culpa

Yes, Glass-Steagall. But you also need to have the CDOs properly classified as Insurance products, which Goldman and AIG had the SEC say they werent. The Community Reinvestment Act also needs to be scrapped and the Executives at FNM and FRE need to be prosecuted for the morally irresponsible political contributions (to Chris Dodd, Barney Frank, B H Obama and others).

India's Gold Purchase: A Complete Non-Event

Is China (or some front organization for the Chinese Governnment) also selling gold contracts? What might happen if the Chinese decide not to deliver on gold (or silver) contracts ? They just tell the West to go pound sand??

Fannie and Freddie: Not Worthless Yet

The government of the US is by, for and in support of the corporations. Fannie & Freddie will continue in their present form until it is better for the corporations to steal them from the stock holders and transfer the assets (at a HUGE discount) to other financial entities.

Socialism for the rich, poverty for the middle class and crumbs for the poor. Privatize profit while sheding risk and losses to the public.

These thiefs are NOT abeted by only one party, both are complicant. Obama, Dodd and Reid were the biggest recipients of FNM and FRE political contributions. Have you noticed no one is targeting them for executive wage controls???

the congress is the most corrupt entity in the world, apply the RICO statues! Throw all the bums out!


www.kickthemallout.com...


www.rollingstone.com/p...

www.govtrack.us/congre...

Time for FDIC to Back Off Citi

Heres the best link:

www.kickthemallout.com...

Time for FDIC to Back Off Citi

lazybun, how can you suggest that BHO might be inexperienced? Watch it or you will wind up on the Do Not Fly list!

Between Blair & Pandit - a pox on both of them! Our country is in the hands of corporate shills and corrupt pols. I doubt either of B or P have commited any illegal acts, but with all of the corruption and pork barrel earmarks, AIG funds conduit to GS, and the rest of the crap effected by both administrations. Both GWB and BHO have and continue to lead administrations that serve only the top 1% at the expense of the middle class, and leave the welfare class on the government plantation.

Throw all the bums out of office -
Term limits for Congress,
One in Washington,
One in Prison!

www.thenational912proj.../

www.rollingstone.com/p...

Geithner's Phone Calls: The Issue Is Access

Giethner - Integrity my Arse! Hes a tax cheat and a Goldman Sachs shill pure and simple.

Java Coolit, you are too nice to the man.

An Obituary for the Paper Industry

What about IP as a real estate play??? Arent they one of the largest land holders in the USA????

Too Big to Fail - Everyone but Washington Knows What Needs to be Done

"While Dimon gave Paulson, Bernanke and Geithner a free pass for letting Lehman fail"

And why not? Dimon is EX-Goldman Sachs, and letting Lehman fail was the GS method of killing their last real rival. They had their pets in the government do the dirty deed. Jim Cramer has been telling the truth for years, it is a government of, by and for the corporations!

If only the RICO statutes applied to the FED, the Treasurery and wallstreet instead of main street.

Shining a Light on Solar Opportunities

captainccs - You are now officially on the Obama Enimies list, for questioning the Messiah!

mbkelly75 - my mind is made up, dont try to confuse me with the facts!

SUdden Debt, this only gets funded if either
1) the Chicago mob and the SDS weathermen get their cut or
2) Wall street is paid off first in the process

In other words NOT GONA HAPPEN

The Evolution of U.S. Manufacturing

Figures dont lie, but liers figure.

I dont know which is which here. All I can see is that the US is poorer as a country now than in 1972. My Dad operated a crane for many years while I grew up in the late 60's. During that time we ate steak 4 nights a week. I had a car, He had a car and my Mom had a car so did my brother.

His income was about $20 K a year, I make nearly $100k and my family of 3 (Two kids and me, the wife decided smack and meth were more fun). If I read the charts correctly, adjusted for inflation he makes more than I do in real wages. I believe that.

So even if the US is the worlds leading manufacturer, thhat doesnt mean the American people are better off.

The Dollar May Not Be Doomed

I beg to differ. Those leftists in DC talk bad about capitalism, but they envy the money and power. They lust after what the "eeevil rich" have. It isnt that they hate big money, they want to be big money and "eeevil rich", they hate that they arent big money. However, I think they are more like Joe Stalin than Pollyanna when it comes to rearanging the structure.

The income tax was the single biggest reason for the reduction in creation of new millionaires until the 1990s. The rich seek to reduce competition by having the government prevent capital formation by new individuals. Leftists seek to tear everyone down so they can control the means of production and allocate it for their own benefit. If you look at what happened in the USSR there were shortages for the common people but the party members, and especially the elite of the party, had everything they needed.

I think the authors analysis has creedance if only because when "everyone knows some thing, it is usually wrong"


On Sep 25 07:22 AM Steve in Greensboro wrote:

> You argue that the "power elite" (the eeevil rich) set the agenda
> of a rising dollar.
>
> The problem is the real "power elites" are the permanent ruling class in Washington D.C. composed of the Leftists who run the government (elected and career bureaucrats) and their fellow travelers in the media.
>
> The real power elite is fundamentally opposed to capital accumulation by the eeevil rich and are willing, even enthusiastic supporters of ongoing and permanent currency debasement to bail out a bankrupt Federal government (with massive unfunded liabilities like Social Security and Medicare) and to bail out their voter base, individual debtors who are also massively overleveraged.
>
> Of course the 95% debasement of the USD from the beginning of the 20th century through today is prima facie evidence that the strong dollar is absolutely not on the agenda of those in power.

AIG Needs Dissolving

Someone said it better:

www.rollingstone.com/p...