Winston Smith of Oceania

Winston Smith of Oceania
Send Message
View as an RSS Feed
  • Wall Street Breakfast: Must-Know News  [View article]
    Entitlement and lawyers: A Michigan man continues to accept state aid even though he won big in a state lottery game. Leroy Fick won the $2 million jackpot in the "Make Me Rich!" contest in June. Despite receiving about $850,000 in winnings, the Auburn resident is still using his Michigan Bridge Card, an electronic alternative to food stamps. Fick's lawyer says his client hasn't done anything illegal.
    May 18, 2011. 09:17 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves." -Alan Greenspan
    Published in Ayn Rand’s “Objectivist” newsletter in 1966
    Apr 5, 2011. 08:47 AM | 7 Likes Like |Link to Comment
  • Standard & Poor’s warns that downgrades of municipal bonds could increase this year, while noting that most state and local government borrowers will maintain medium to high investment grade ratings. The S&P report adds that unless bond yields soar, the sky isn’t likely to fall on munis as a whole.   [View news story]
    Right, just as we were promised that the problems of subprime mortgages won't effect the overall mortgage market.
    Jan 24, 2011. 10:25 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    I see, just as in Russia, possession of truth is punishable by death. Long live USSA.
    Dec 22, 2010. 02:43 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Robert: I'm not calling Assange a hero. I am exalting the premise that lies and deception are being revealed for what they truly are. Lies can only be assessed when they've been brought to light and available for scrutiny. Assange has already said he would release the BAC information. He is just stating his opinion that heads should roll due to the magnitude of the coverup. Where is the blackmail?

    "When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic."-- Dresden James
    Dec 22, 2010. 02:31 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    So more or less you could care less and it's not a matter of what is true that counts but a matter of what is perceived to be true and the matter in which that truth came to light. Your judgement is that he is guilty. You believe this to be true because it is in your own interest. I now understand that your mind is like concrete, thoroughly mixed up and permanently set. Manning is the the apparent original source. Assange passed along the information, just as every subsequent news organization did. Where does it stop? Your conversation of any information gleaned from the leak is also punishable by the firing squad?
    Dec 22, 2010. 12:28 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Allow me another quote, "Truth: the most deadly weapon ever discovered by humanity. Capable of destroying entire perceptual sets, cultures, and realities. Outlawed by all governments everywhere. Possession is normally punishable by death."-- John Gilmore

    These alleged rapes are not truth. If you read the original account from these young ladies, it was not rape.

    In a time of universal deceit, letting the truth be told is a revolutionary act. Bank of America has robbed America blind and what is the law worth when it is so selective in it's persecution.
    Dec 22, 2010. 10:45 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    "Men stumble over the truth from time to time, but most pick themselves up and hurry off as if nothing happened."-- Winston Churchill

    What are you so afraid of? Are you long BAC?
    Dec 22, 2010. 09:42 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Assange confirmed that WikiLeaks was holding a vast amount of material about Bank of America which it intends to release early next year.

    "We don't want the bank to suffer unless it's called for," Assange told The Times. "But if its management is operating in a responsive way there will be resignations," he said, without giving details about the material.
    Dec 22, 2010. 09:02 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Nov 1, 2010. 10:39 AM | Likes Like |Link to Comment
  • Fox's Charlie Gasparino says Citigroup (C) and Wells Fargo (WFC) may be the next to announce they are suspending foreclosures, following BofA (BAC), JPMorgan Chase (JPM) and GMAC. The banks are "obsessed" with the political pressure being brought to bear, he says, and “amidst the investigations, they have to do a moratorium."   [View news story]
    NOTICE: Everyone who has a mortgage and is paying on time, you may have your house free and clear. The government just declared "free home day", if you just stop paying. Moratorium on mortgage payments!
    Oct 11, 2010. 04:29 PM | 1 Like Like |Link to Comment
  • Hedge fund manager John Paulson discloses portfolio updates: a new 66.7M share position in Popular (BPOP), a new 43.7M stake in American Capital (ACAS); new 5M-10M positions in ME, GGP, BEE, PMI, SY, TLCR and MNI; plus large additions in HIG and MYL. (largest holdings)   [View news story]
    yeah but...what are his short positions?
    Aug 17, 2010. 10:55 AM | 1 Like Like |Link to Comment
  • With the passage of sweeping healthcare legislation, pharmaceutical companies count a win, insurers see mixed results, and large businesses worry about higher costs and stricter coverage rules.   [View news story]
    So should we expect S&P and Moody's to downgrade the US debt today or wait until tomorrow?
    Mar 22, 2010. 08:23 AM | 2 Likes Like |Link to Comment
  • While the White House congratulates itself on last year's stimulus package, here's a staggering statistic: Nearly 38M people, or one in eight Americans, rely on food stamps.   [View news story]
    Yeah, great, go pat yourselves on the back dueschtards. The number of government employees earning over $100k has doubled in the past 12 months and the average government employee earns $71k. Meanwhile, the average private sector employee earns $41k. It takes nearly two private sector jobs to support 1 idiot bureaucrat that can’t even count properly. Stop deceiving everyone.
    Jan 13, 2010. 09:18 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    "GMAC will likely receive another $3.5B injection, adding to the $12.5B the feds have already used...the Treasury has said it will provide GMAC with as much money as it needs" Meanwhile, they are sucking up deposits from healthy, stable banks by offering ridiculous rates through Ally. Of course they can afford to pay high rates on their CD's, the government is subsidizing it.
    Dec 30, 2009. 08:35 AM | 10 Likes Like |Link to Comment