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.

Fannie and Freddie: Not Worthless Yet

How many years do you suspect it will take for both FNM and FRE to repay the Treasury?

Is It Time to Recognize Reality?

While for intents and purposes the country is bankrupt, this realization across the world will take decades. So is there reason to be bearish? Absolutely. But if you think we're going to be hiding out in our fall out shelters with water and canned food and nobody is gonna make money in the market on quality or toxic assets you're mistaken.

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...

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.

Bust, Bail, Repeat: The U.S. Enters into an Ever-Worsening Cycle

This article is really not just about the economic problems we face. It is really pointing out the economic impact of what our government policies have created. The truth is that we are pretty much bankrupt. We are lucky that we have military might or countries would be handing in their dollars (or are they rubles) a long time ago. My problem is that we allow the gov't. to cater to special interests instead of the general public. We the People...yeah right. Sometimes I think George Carlin had it right when he said, "Maybe the government doesn't suck. Maybe the public sucks." Stop outsourcing your interests to the same two party system. Everyone's wealth in this country is built on credit. Sooner or later you have to be able to pay the piper and right now we are just experiencing the beginnings of that. Get used to it. It's not going to get better. Keep fooling yourselves. If you are smart or lucky to guess right with the market manipulators then good for you. I've been hit or miss with that stuff. But in the end the market will be down. We have no talent left here, the majority of people are stupid or lazy, and like i said before if it wasnt for our military might we might all be chinese by now....