morethanmeetsthei

WSJ: A Frightening Indictment of Our Society

i see numerous references to obama as possibly saving the day...don't count on it. unlike ultra-left obmaniacs or republican fear-mongers, i apply a simple test to his proffered economic policies...do they raise taxes or not? if they do, no good will come of them.
you can't pay for universal health care, rebates to 40% of non-tax paying americans...oh and bail out the financial and automotive sectors, by mere seduction unless the hand that one feels in their pocket is doing more than picking it...

WSJ: A Frightening Indictment of Our Society

what a surprise...unscrupulou... bankers. far from a mormon oxymoroni, the idea that bankers "might not play nice" is neither revelatory nor unexpected. what incentive is there to do right when it hasn't existed in the financial markets to date? paulson's hedging on bailout t's&c's is indicative of the government's duplicity in the whole meltdown, which by the way, has little to do w/ the "credit crisis"....it's the (lack of american) jobs, stupid...

The Great Consumer Crash of 2009

possibly the best article written on explaining the financial scales over the eyes of the great multitudes...and one of the few that points the finger at government and its complicity w/ its wall street weasel-friends in the whole charade. the idea that external terrorism produces internal policies that tear america's fabric worse than any terrorist could produce is one i have commented on and believed for a long time...the war on terror would have been fine if the war on america had not been waged simultaneously in the halls of the federal reserve, wall street and the limestone buildings in D.C.

The Mortgage Crisis Brings Unexpected Neighbors

mortgage crisis? what mortgage crisis? oh, the wall street weasels who bundled unsecured paper as securities w/ AAAAAAAAAA-ratings and sold them to trusting souls? ETFs, ARS', ... the list of greed instruments is endless. But don't worry, the u.s. taxpayer wants wall street to succeed so much (that's what paulson said, but he may have been talking in his sleep...) that a little up-tick or two in the incremental tax rate will hardly be noticed. i particularly laugh at some of the green funds who EPS look like the new york times...this is the next big scam on the street. perhaps they will track these funds in the "Gorex"...as i've said in other posts, you really have to marvel at the perverse beauty of these guys hiding in plain sight...

How Evil is Exxon-Mobil?

jjason - unfortunately, not enough u.s. citizens will ever know about it because they believe oprah and dr. phil...and they only deal with issues the media deems important...like feeling sorry for child molesters and solving eating disorders with the latest infomercial electrosuction gadget for $19.95 (But wait!...there's more!). our obsession w/ celebrity in the media effectively provides a veil over most people's eyes so they cannot see the puppet-masters. the matrix metaphor of the blue pill is so appropriate as to be prophetic: Will people be reduced to working (i.e., being harvested...) to afford nothing more than energy so they can continue to work...?

How Evil is Exxon-Mobil?

fireball is correct ... paragraphs could not express the general cluelessness most exhibit in either the real economics or the sham politics surrounding it. "it' the jobs, stupid" (oh wait; there are no jobs unless you want to commute to Chennai or Bejing, altho i heard that facemasks are hot in China...).

regarding an earlier observation about IndyMac and schumer's role in that debacle...he criticizes wall street for "rumor and innuendo" and its manipulative effect on stock prices, yet his sky-is-falling rhetoric on IndyMac produced a $4B-to-$8B bailout from FDIC that, oh by the way, can only do about 10 more such bailouts before it runs out of the fractional reserves it has for the fractional banking system.
schumer is a poster child of all that is wrong in congress and yes, he gives the arkansas twister credibility...

How Evil is Exxon-Mobil?

what most people fail to realize is exxon's senior partner is the gov't. since exxon and all the other oil companies are c-corps, ~50% of their realized profit is taxes. schumer and all the other jokesters in congress won't bite the hand that feeds them. i laugh when i hear how the "horrible" oil companies with their "excessive" profits are hurting the average citizen. do you really think anyone in congress has had to fill up their tank since they've been elected? where is all the legislation these morons promise to "clean up these energy carpetbaggers"? you have to marvel at the perverse beauty of the obvious conflict of interest and how they hide in plain sight. oh, and don't expect frank sinatra or denzel washington to fix this come january 2009; mom will show them the trump card and all will be well