henarl

Is There Any Limit to Bank Arrogance?

Andrew, you wrote: "And we'll still be stupid enough to let it go on."

Exactly how do you propose that the average citizen stops it from "going on"? Thru the ballot box when we are only allowed to vote for a pre-chosen candidate from one of the two equally corrupt major parties or perhaps an independent who has zero chance because he doesn't have the party machine and money behind him? Or maybe joining a feel good protest rally that will be totally ignored by the political power elite? Or perhaps you will grab your hunting rifle and march on DC to overpower the military establishment and establish a new better govt.?
Face it dude - the average middle class American is SCREWED!

Is There Any Limit to Bank Arrogance?

As long as there are more lobbyists than politicians in DC the corruption will continue. Problem is; the people who are in a position to change the system are the ones who are benefiting from this corruption. Short of becoming one of the corrupters or the corrupted, there's not much hope for the average American.

The Virtue of the Republic

excellent article. Superb rhetoric and unassailable logic.

Another Friday, Another Bank Failure: Casualty #33 and More on Stress Tests

Being indignant is much more satisfying than being complacent. Complacency is what the govt. hopes you will be so that you can be more easily controlled.

Do You Believe Borrowing Leads to Prosperity? (Part 2)

Come on guys, quit picking on Cetin. We all need a little comic relief in these tough times.

Bank Stress Tests and the Art of Financial Spinning

What a great song and dance. Why does anyone believe anything coming from the Fed's propaganda machine anymore?

High Marks to Bernanke and Fed for 'Managing' Stress Test News

What a great song and dance. Why does anyone believe anything coming from the Fed's propaganda machine anymore?

Do You Believe Borrowing Leads to Prosperity? (Part 2)

A great article! The mindset of living as high on the material hog as possible and never mind the consequences is somewhat of a generational thing. This thinking was prevalent during the roaring 20s but the depression of the 30s brought people back to reality and the next couple of generations lived pretty much within their means as a result. As the memories of depression hardship faded, later generations began to believe that living big today was more important than being concerned about tomorrow. This attitude culminated the early 2000s with young and middle aged people borrowing to the limit to support a lifestyle that only existed for the very rich previously. Now we are heading into a new depression and can expect the next couple of generations to revert to living within their means again, if not volutarily then by necessity.
Economic lifestyle appears to be a cyclic generational thing.

A Stress Test Shocker: BofA Needs $35 Billion

Seems like the public relations aspect of the "stress test" is coming unglued. It's now more of a stress test on the public than on the banks. What we really need is a stress test on the Fed and Treasury.

Stress Test Results Seem to Be Changing Daily

Another govt. PR program intended to keep the public clueless about how bad the situation really is. Just keep spending money you don't have and we will make sure everything comes up roses.

Secretary Geithner's Moment in History

Geithner is a banker and, to him, the world revolves around banks and bankers. As for any possible negative consequences for supporting the banking industry, those are just unimportant collateral damage in his mind. He believes that banks are the indispensible center of the universe and should be afforded the ultimate priority in all considerations.

Was Ken Lewis Silenced, Threatened by Bernanke and Paulson?

Paulson and Bernanke coercing anyone? Say it aint so. Ken Lewis screwing the shareholders to save his job? Surely not.
How terribly disillusioning.

What If the Stress Test is Just the Opening Act

No bank will "fail" the stress test. It's just a govt. public relations scam to pacify an upset population and forestall any bank runs.

What If the Stress Test is Just the Opening Act

Posters are wondering how Goldman was and is able to come out of this economic disaster (which they were a big part of creating) so much better than any other company. The answer is simple: Decisions of the Fed and Treasury are being made by Goldman insiders and their friends. Actually, in financial matters Goldman IS the government. Hopefully Andrew Cuomo will continue with his investigation and not be disuaded by the awesome power of the federal govt.

Obama Administration: Watch Your Moves

Geithner still has a ways to go on the corruption scale before he catches up with Paulson. Of course Paulson should be indicted but it will never happen. He is just too connected.