nova

Bank Reform: One Central Banker that Gets It?

TeresaE wrote:
" Yet one more stellar example of how the onerous laws in this country create none of the safety and security that one would like should happen.

We don't need more laws. We need simple, enforceable laws that truly protect the bulk of our citizens while allowing personal freedom and pursuit of life, liberty and happiness."

Our political system is terribly corrupt. The only interests our politicians care are
- Their own interests
- Interests of their "to big to fail" masters

U.S. Judiciary Emerging as Investors' New Best Friend

Nowadays, everything in the USA is rotten and corrupt.

US judiciary system is not an exception. Judges, prior to their appointments, go through very rigorous screening by politicians. Consequently, miracles do happen once in a century.

Some people are stupid and/or naive enough believing in free elections in America. Candidates must have a support and an approval from one of the two major political parties for placing their names on a ballot for having real chances for being elected. Therefore, it should not be a surprise that these people do not represent interests of America and its people.

The Coming Consequences of Banking Fraud

CautiousInvestor wrote:
"The Japanese experience is eerily similar to our recent crisis"

This is a incorrect statement. Japan's crisis took place in a very "stable" geopolitical environment. Japan was continued its domestic & international policies. Until now, Japan just "lost" 15 years of its development. However, Japan's demographics and skyrocketing of China industrial & financial might are changing "the game".

As for the USA, the present economic & political crisis, as well as the US active participation it three major global wars (Iraq, Afghanistan, Pakistan), have led to a major, adversed to US national interests geopolitical shift.

Conclusion: the USA does not have "a luxury" of Japan lost decade.

John Paulson Buying Citigroup Shares?

Together with WallStreet barons, John Paulson's hedge fund is one of America oligarchs running the US government.

If there is a strong inflation, many Americans will not be able to afford food on a table due to the same inflation.

Consequently, these people still will not pay their mortgages. As for banks, they will need to find buyers for these foreclosed houses making real-estate appreciation very questionable.

Geithner's Outburst Was Misdirected; Read the Riot Act to Bankers Instead

The author wrote: "The people Geithner really needs to be delivering a few choice words to are the nation’s bankers."

How in world can he do it? Cursing his own employers?
The author either too naive or just too dishonest and hypocritical.

Five U.S. Banks Are Too Big to Exist

The purpose of financial markets is to facilitate businesses financing. Is the room for business insurances and hedging? Yes, these are viable and important business tools.

The problem with the WallStreet is that it does not serve legitimate purposes for either business or investment communities. Presently, it is involved in illegal financial markets manipulations with exclusively self enrichment purposed.

It is a criminal cartel and it must be liquidated as such.

Five U.S. Banks Are Too Big to Exist

Adam855,

It is of interest that all three (IMF, World Bank, and CIA) report to the same master.

Do I trust them? Did CIA tell us truth about WMD in Iraq?

Five U.S. Banks Are Too Big to Exist

The present US situation is quite simple:
a. Crime does pay extraordinary well with impunity
b. Consequently, these crimes will continue regardless of gimmicks like toothless regulations and laws written by the same criminals

Fitch Report: Financial Companies Hold 99.7% of All Derivative Contracts

Angry Banker wrote:
"Buddy, I'm willing to bet that I've paid a lot more taxes in my life than you have."

May be. But, how much money did you steal ruining America industrial, biotech, high-tech, etc., corporations? You SOB ruined the country!

Did We Nationalize Banks, Or Did They Nationalize Us?

Harry Tuttle wrote:
"Except Obama appointed two insiders to handle the problem. Geithner and Summers, naturally, did their best to save...the banks...
If the unemployment numbers don't get better, Obama may face the same loss of credibility Bush experienced."

I believe you give too much credit to American people intelligence.

Why Congress Is Asking Bernanke Bogus Questions

GregT wrote:
"Quite honestly, someone with your level of critical thinking should not be writing articles for Seeking Alpha"

This is a typical example of today "politically correct" thinking. If someone does not kiss ass of the government, the one must be an enemy.

It appears that America has crossed a point of no return when Democracy and the Constitution are not valued. For the last 200 years, these were the most important building blocks of American power and prosperity but not anymore.

Presently demagogues, thieves, and gangsters are running America with the rest foolishly believing in propaganda miracles of going back to "the old good welfare prosperity". WOW!

More Bad News for Boeing, Citi: Sea Launch Files for Bankruptcy

Just 20 years ago, the USA was the undisputed king of space launches. But not any more. Arianespace is well ahead of the USA. NASA is another government agency without any directions and real operational capabilities. It became another government "welfare" agency. This is the story of American hightech.

US government during Clinton and both Bush administrations severely damaged US space capabilities in time when space becomes the major militery and commercial interprises of the future.

Break Up the Big Banks

The lifeblood of a free-market system is honest, fair, and free competition.

Monopolies do not have and/or allow any competition. This is why it is so vital to enforce anti-monopoly rules and laws.

This is why it is so important to free American economy from Wall-Street monopolistic strangleholds on our economy and our political life.

As for Obama, he is just a fraud, a mobster and a liar.

PS
The only great thing Obama has done so far is to kill UAW union. With a new arrangement prohibiting strikes, the union became just an empty shell. As for Chrysler and GM, spending/wasting 2-3 hundred billions dollars, they will disappear for good.

Plunge Protection Team Attacks BofA: This Ends Now

Joe Stalin once said: "It is not that important how people vote. The most important is who counts these votes!"

To stay in power, incumbents use any legal and "not so legal" means to keep themselves in the office.

Plunge Protection Team Attacks BofA: This Ends Now

Avery Goodman,
You are absolutely correct that no lawless society can function/exist for long.

How can a bank loan money if borrowers do not need to pay back?
No contracts and/or business deals can be initiated and implemented if the parties can cancel/terminate their obligations at-will.

Finally, why did communist Soviet Union collapse and why is communist China still there and growing stronger and stronger?
After living in Soviet Union for 20 years, I have a very simple answer: It is corruption and lack of lawlessness.

In the last 20+ years prior to the Soviet collapse, corruption was flourishing with impunity and rules of law were totally disregarded. At the same time in China, high corruption was/is punishable by death with properties/estates are subject to total confiscation.