waf76

David Einhorn: Break Up Too Big to Fail Institutions

The real danger in our political system is that the special interests have already hijacked this country without the majority even knowing it. As an American, I want my politicians to put America first, no country in the world can possibly have the identical interests as we do. I want lobbyist groups like AIPAC, who control our foreign policy to register as foreign agents. I want the Fed abolished. We need something other than a two party system. I can't decide who i hate more, the republicans or the democrats. All the write things are spoken in the run up to elections but once they are elected, certain actions that people voted for are now deemed 'politcally untenable'. Our system is a joke.

The Virtue of the Republic

common sense is not so common. government has been and always will be about controlling the masses. what better way to control them then to have them do it willingly? Patriot act?...the players in the game get a do over when they screw up. privatize the profits and social the risk. at the end of the day there has to be a winner and a loser and these guys are not going down without a fight and society is too busy to meticulously follow what is going on...people have to work to pay their mortgage or rent, feed their kids, pay the utilities, etc...we're distracted so we outsource these decisions to them and thats what we get for not following attentively...instead we're watching the yankees, the mets, the nfl, reality shows, or whatever else is on the 1000's of channels...who's gonna watch cspan and see what our leaders our deciding for us? not me...and thats why we are where we are...

Why This Rally Is Unsustainable

I think most of the comments are quite negative when NS is pointing out the obvious. The financials appear to be looking healthier than they actually are. This does present speculative opportunities so I just accept it as part of the game and my investment and trading decisions take this into consideration. Next quarter earnings for the financials should be interesting. I agree the rally is unsustainable but who knows for sure. If enough sidelined money comes in then maybe, just maybe....ah well we can hope right...

Bail Out for Dummies - Part I

Greed and fraud are rampant in our society and our elected leaders represent the worst of us rather than the best in us. If they allow this daisy chain scam to go forward unabated it merely means they have fully yet come to grips that we live in a new world. Wall Street is clamoring to go back to the good old days which are long gone. Middle class America is getting raped by the people they put in office, in broad daylight, and have to watch their kids and future generations get raped all in the name of keeping Wall Street big shots rich and the military empire fully funded and incompetent who can not achieve any objective they put forth and causing many other unintended consequences that will surely result in more negatives that we can't even begin to imagine or foresee.

Why AIG Wasn't Allowed to Fail

"Remember that what regulators were most worried about at the time was systemic risk." You know, I'm sick and tired of hearing about the global financial system would be put at risk of collapse if we didn't bail them out. The economy used to run just fine before CDS ever existed. Money was being created out of the thin air and now that it is gone the taxpayers gotta pay for it.

What Obama Needs to Know about Tim Geithner, the AIG Fiasco and Citigroup

abolish the fed. no more bailouts. let companies fail and let the chips fall where they may.

10 More Notes for the Current Crisis

@socialism

you make a compelling argument and have swayed me to see it the way you're looking at it. If there are no taxes on necessity items then I would have to agree with you. Having said that can you picture a scenario where the government actually shrinks?

10 More Notes for the Current Crisis

socialism cannot compete - that works well for those who are well off but that is a regressive tax that would not help the middle class. The middle class is the root of the problem. They are the engine of the economy. I think its high time we start taking care of our neighbors instead of only looking out for numero uno. B/C those with less will have to spend money on consumption as a higher percentage of their income. So you are basically reinforcing the current quagmire we are in with the same old solution of giving tax cuts to the rich. VAT is already applied throughout Europe and most European countries still tax income so VAT would not be enough to fund the government.