websmith's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/225459/comments http://seekingalpha.com/article/124026-many-cynical-about-new-administration-s-wireless-broadband-initiative?source=feed#comment-416620 416620
ewebsmith.com/Bus/telc...]]> Fri, 06 Mar 2009 17:39:41 -0500
ewebsmith.com/Bus/telc...]]> http://seekingalpha.com/article/112300-wall-street-breakfast-must-know-news?source=feed#comment-339459 339459
ewebsmith.com/bus/auto...]]> Sat, 27 Dec 2008 18:26:02 -0500
ewebsmith.com/bus/auto...]]> http://seekingalpha.com/article/107601-citigroup-another-ad-hoc-bailout?source=feed#comment-313850 313850
ewebsmith.com/gov/Bank...]]> Mon, 24 Nov 2008 13:32:01 -0500
ewebsmith.com/gov/Bank...]]> http://seekingalpha.com/article/106912-fed-watch-policy-totally-adrift-be-afraid-be-very-afraid?source=feed#comment-313256 313256
The Fed has been primarily responsible for this. In all fairness, Bernanke didn't do it alone. Greenspan started it and Bernanke finished the job. The next step is to lower the interest rate, create some more money out of thin air, and throw it at the banks so they can cuddle with it.

ewebsmith.com/gov/Bank...]]> Sun, 23 Nov 2008 21:47:43 -0500
The Fed has been primarily responsible for this. In all fairness, Bernanke didn't do it alone. Greenspan started it and Bernanke finished the job. The next step is to lower the interest rate, create some more money out of thin air, and throw it at the banks so they can cuddle with it.

ewebsmith.com/gov/Bank...]]> http://seekingalpha.com/article/105098-fed-balks-at-releasing-toxic-waste-details?source=feed#comment-302544 302544
ewebsmith.com/Finance/...]]> Mon, 10 Nov 2008 21:31:48 -0500
ewebsmith.com/Finance/...]]> http://seekingalpha.com/article/103031-economy-contracts-spending-turns-negative?source=feed#comment-294758 294758
Too much of consumers' money is going to pay interest. Government legislation, the Fed, and the banks have stripped consumers of their wealth. The economy will not recover until consumers do. Lowering the interest rate and throwing money at banks and other corporations is not going to fix the problem. It is only going to make matter worse when the resulting inflation sets in. Banks are going to have to take their lumps along with everyone else. To reduce the severity, banks need to lower interest rates on credit cards, mortgages, personal loans, and lines of credit. Congress also needs to stop fooling around with things that stimulate the economy like tax credits for renewables and they need to stop bringing cheap foreign labor into the country.

ewebsmith.com/Finance/...]]> Thu, 30 Oct 2008 21:17:14 -0400
Too much of consumers' money is going to pay interest. Government legislation, the Fed, and the banks have stripped consumers of their wealth. The economy will not recover until consumers do. Lowering the interest rate and throwing money at banks and other corporations is not going to fix the problem. It is only going to make matter worse when the resulting inflation sets in. Banks are going to have to take their lumps along with everyone else. To reduce the severity, banks need to lower interest rates on credit cards, mortgages, personal loans, and lines of credit. Congress also needs to stop fooling around with things that stimulate the economy like tax credits for renewables and they need to stop bringing cheap foreign labor into the country.

ewebsmith.com/Finance/...]]> http://seekingalpha.com/article/99172-nation-s-debt-it-s-not-being-rescued-it-s-being-moved-around?source=feed#comment-278002 278002
The reason that the founding fathers didn't allow for regulation at the federal level is that they knew, as we are seeing now, that this would lead to the government being run by business and that business would eventually strip the population of its wealth. In a free market, every single penny comes from the population. If the population has no money, the market fails.

The government is now trying to replace the population as the source by giving money directly to business, but business will still have no one to sell their products to no matter how much you give them. The only fix for this is to put money in the hands of the population, but our government no longer thinks in terms of the Citizens.

Now that Congress has spent, given away, and wasted $11 trillion of the population's money, we have a problem.

If you want to stop this madness, go here.

ewebsmith.com/self/Sta...
]]> Thu, 09 Oct 2008 15:24:33 -0400
The reason that the founding fathers didn't allow for regulation at the federal level is that they knew, as we are seeing now, that this would lead to the government being run by business and that business would eventually strip the population of its wealth. In a free market, every single penny comes from the population. If the population has no money, the market fails.

The government is now trying to replace the population as the source by giving money directly to business, but business will still have no one to sell their products to no matter how much you give them. The only fix for this is to put money in the hands of the population, but our government no longer thinks in terms of the Citizens.

Now that Congress has spent, given away, and wasted $11 trillion of the population's money, we have a problem.

If you want to stop this madness, go here.

ewebsmith.com/self/Sta...
]]> http://seekingalpha.com/article/98562-batten-down-the-hatches-economic-forecast?source=feed#comment-274169 274169
What happened to that $700 billion, anyway. This was such an emergency need that surely they must have used a large chunk of it by now in addition to the $400 billion that the Fed send out to foreign banks while Congress was approving the $700 billion. To hear Paulson, Bernanke, and Bush tell it, the banks were all sitting around with their mouths open gasping for air.

In the meantime, we noticed that Federal Reserve Stock holders Chase and Citigroup are going to make out like bandits buying up assets for pennies on the dollar.

Now the headline reads, "Housing must mend to see economic recovery". What was the purpose of the $700 billion?

We weren't born yesterday. Washington was and they have been scammed again. As soon as we replace the Congress members and Senators that voted for this bill next month, we need to raise their salaries to say, $1 million so we can attract some talent to the next election.

ewebsmith.com/finance/...
]]> Sun, 05 Oct 2008 16:27:27 -0400
What happened to that $700 billion, anyway. This was such an emergency need that surely they must have used a large chunk of it by now in addition to the $400 billion that the Fed send out to foreign banks while Congress was approving the $700 billion. To hear Paulson, Bernanke, and Bush tell it, the banks were all sitting around with their mouths open gasping for air.

In the meantime, we noticed that Federal Reserve Stock holders Chase and Citigroup are going to make out like bandits buying up assets for pennies on the dollar.

Now the headline reads, "Housing must mend to see economic recovery". What was the purpose of the $700 billion?

We weren't born yesterday. Washington was and they have been scammed again. As soon as we replace the Congress members and Senators that voted for this bill next month, we need to raise their salaries to say, $1 million so we can attract some talent to the next election.

ewebsmith.com/finance/...
]]> http://seekingalpha.com/article/97362-the-benefits-of-a-bailout-plan?source=feed#comment-264977 264977
Perhaps this bailout, like rising gas prices that are causing us to move more aggressively towards renewable clean fuels, will also wake up the Citizens and the outcome of the election will be changed.

What the banking industry did was, literally, a crime and what they are trying to do now is, literally, a crime against the United States.

What the government by the people and for the people is missing is that the banks are not in a position to demand or dictate terms as they come begging. They are weakened and we are the United States Government. We get to specify the terms and if they don't like them, they can go somewhere else.

If the Fed continues to not play nice, we can point out that it exists illegally and start printing Treasury notes at any moment and begin distributing them to a massive number of banks that would sign up over night. We can finance the auto and construction industries that the banks are now squeezing. We can then begin to use the interest to pay down the national debt.

We are the United States of America and it is really infuriating to see our Senators grappling at the banking industry's feet. These guys need to stand up for their country.

ewebsmith.com/bus/taxp...
]]> Thu, 25 Sep 2008 13:07:37 -0400
Perhaps this bailout, like rising gas prices that are causing us to move more aggressively towards renewable clean fuels, will also wake up the Citizens and the outcome of the election will be changed.

What the banking industry did was, literally, a crime and what they are trying to do now is, literally, a crime against the United States.

What the government by the people and for the people is missing is that the banks are not in a position to demand or dictate terms as they come begging. They are weakened and we are the United States Government. We get to specify the terms and if they don't like them, they can go somewhere else.

If the Fed continues to not play nice, we can point out that it exists illegally and start printing Treasury notes at any moment and begin distributing them to a massive number of banks that would sign up over night. We can finance the auto and construction industries that the banks are now squeezing. We can then begin to use the interest to pay down the national debt.

We are the United States of America and it is really infuriating to see our Senators grappling at the banking industry's feet. These guys need to stand up for their country.

ewebsmith.com/bus/taxp...
]]> http://seekingalpha.com/article/97127-this-financial-crisis-too-shall-pass?source=feed#comment-263715 263715
Maybe, like rising fuel prices that are encouraging us to develop alternatives, this is a good thing and we will, with some miracle, move away from the major parties who have just given us the same for the last Century.

There is a plan B. ewebsmith.com/bus/taxp...
]]> Wed, 24 Sep 2008 13:01:32 -0400
Maybe, like rising fuel prices that are encouraging us to develop alternatives, this is a good thing and we will, with some miracle, move away from the major parties who have just given us the same for the last Century.

There is a plan B. ewebsmith.com/bus/taxp...
]]> http://seekingalpha.com/article/96740-details-of-the-financial-bailout-package?source=feed#comment-261678 261678 ewebsmith.com/bus/taxp...]]> Mon, 22 Sep 2008 13:40:54 -0400 ewebsmith.com/bus/taxp...]]> http://seekingalpha.com/article/96487-5-failures-of-sec-chairman-cox?source=feed#comment-260690 260690
They scared you enough to give away your liberty, they sacred you enough to give away some of your money to the military industrial complex, they exploited the American Dream to take away most of what you had left, an now they are trying to scare you enough to give away your children's money by threatening you with the disaster you already have if you don't do it. It's time to call their bluff.

All these people had to do was renegotiate loans to ones that could be paid. They would rather die than lose one penny of profit. There is no way to make this good but there is a way to make it not as bad and give your children a fighting chance.
]]> Sun, 21 Sep 2008 12:42:24 -0400
They scared you enough to give away your liberty, they sacred you enough to give away some of your money to the military industrial complex, they exploited the American Dream to take away most of what you had left, an now they are trying to scare you enough to give away your children's money by threatening you with the disaster you already have if you don't do it. It's time to call their bluff.

All these people had to do was renegotiate loans to ones that could be paid. They would rather die than lose one penny of profit. There is no way to make this good but there is a way to make it not as bad and give your children a fighting chance.
]]> http://seekingalpha.com/article/96450-preserving-u-s-economy-over-free-markets-short-sellers?source=feed#comment-260329 260329
ewebsmith.com/bus/taxp...]]> Sat, 20 Sep 2008 21:12:07 -0400
ewebsmith.com/bus/taxp...]]> http://seekingalpha.com/article/84704-who-s-to-blame-for-indymac-s-failure?source=feed#comment-203885 203885
In the wake of the Fed and quasi-deregulation generated .com collapse, the Fed lowered the interest rate to prop up the economy. Next, Congress passed legislation making it harder to declare bankruptcy.

The additional money supply and lenders' protection against bankruptcies encouraged them to make really bad loans.

If the Fed did not exist and Congress would stop its illegal regulation of industry, things like this wouldn't happen.]]> Sat, 12 Jul 2008 17:41:55 -0400
In the wake of the Fed and quasi-deregulation generated .com collapse, the Fed lowered the interest rate to prop up the economy. Next, Congress passed legislation making it harder to declare bankruptcy.

The additional money supply and lenders' protection against bankruptcies encouraged them to make really bad loans.

If the Fed did not exist and Congress would stop its illegal regulation of industry, things like this wouldn't happen.]]>