Tony Petroski

Tony Petroski
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  • Taxing the $5 Million-a-Year Brigade  [View article]
    Free people can do what they want even if they end up making more than 5 million and run afoul of the envious. Since we are rapidly losing our freedom, it may pay to get used to the reasoning outlined in this article enshrining envy as the highest virtue in the Age of Obama.
    Mar 18, 2009. 08:33 PM | 2 Likes Like |Link to Comment
  • Cap and Trade Scheme Will Hurt U.S. Economy  [View article]
    Just for the sake of argument, let's suppose that man's use of fossil fuels is warming the globe but not fast enough to offset a cooling trend caused by lower-than-normal sunspot activity, hence global cooling. Will the eco priests call for increased use of fossil fuels in order to offset the cooling effect?

    Cap and trade makes as much sense as paying the medicine man to do a dance to promote rainfall.
    Mar 18, 2009. 08:26 PM | 1 Like Like |Link to Comment
  • AIG: Geithner's Outraged? He Should Be Embarrassed  [View article]
    Once we're through with the bankers, let's modify the contracts of the college professors. After all, those institutions are heavily subsidized by government and the cost of tuition is going through the roof in this period of "deflation."
    Mar 17, 2009. 10:16 PM | Likes Like |Link to Comment
  • The Government Actually Created the AIG Bonus Firestorm It Claims to Be Reacting to  [View article]
    Today it's the "bonuses" at AIG and tomorrow it will be your salary.
    Mar 17, 2009. 09:58 PM | Likes Like |Link to Comment
  • Political Will: Bernanke on the True Cost of Banking  [View article]
    "This resentment against bankers pervades Congress..." Yes. And resentment against oil companies, and resentment against coal-powered utilities, and resentment against big pharma, and resentment against SUV producers and resentment against insurance companies and resentment upon resentment upon resentment. Does the "political will" Bernanke spoke of consist of squashing freedom and bringing all the "wreckers" to heel?
    Mar 17, 2009. 09:45 PM | Likes Like |Link to Comment
  • The Other Side of Bonuses  [View article]
    These bonuses are a sideshow, a "crisis that shouldn't be wasted." Freedom is melting faster than the snows and the nation is worked up over this phony issue. Life in the Age of Obama.
    Mar 17, 2009. 09:27 PM | Likes Like |Link to Comment
  • AIG: Creative Ideas to Quash the Bonuses  [View article]
    I suggest passing a law taxing anyone named Babak at 100%.
    Mar 17, 2009. 09:22 PM | Likes Like |Link to Comment
  • A Cure for Systemic Risk. Seriously.  [View article]
    Well reasoned and a good article.

    When considering an "overabundance of power," remember that the most powerful entity of all is the federal goverment. Only today Barney Frank crowed about owning AIG and running it the way he wants. Chuck Schumer threatened to pass a new law taxing people receiving compensation not to his liking at 100%, essentially confiscating their pay. If AIG sells a CDS that I don't think will ever pay off, I don't have to buy it. If Chuck Schumer and his gang taxes me at 100%, where do I go? China?
    Mar 17, 2009. 09:10 PM | 1 Like Like |Link to Comment
  • AIG Employees Not Too Happy with Persistent Death Threats  [View article]
    It's interesting that with the market tanking and heavyweights like Buffett questioning the performance so far, Obama started making nice-nice with the business community and downplaying the lurch to socialism. All it took was a few up days on Wall Street for Obama and crew to revert to type, hence this silly attact on "bonuses." Get used to it because this is our future in the Age of Obama--the endless search for the "wreckers" as the Soviets used to do.
    Mar 17, 2009. 08:07 PM | 2 Likes Like |Link to Comment
  • In a news conference, Rep. Frank says he's "very skeptical" that retaining the (AIG) people who made these mistakes is a good idea. "We're the owner," of AIG, he says, "and it's time for us to exercise our ownership rights."   [View news story]
    Sorry. Frank is from Massachusetts. Ler's just say Eastern Seaboard Liberals.
    Mar 17, 2009. 01:19 PM | Likes Like |Link to Comment
  • Twenty-two AIG (AIG) employees got bonuses of $2M each, CNBC says citing a letter from NY State AG Cuomo to Rep. Barney Frank. The bonuses made 73 employees - many of whom are no longer with the company - millionaires.   [View news story]
    I knew that you New Yorkers would one day turn on each other. I thought that 9/11 would wake you up. Align yourselves with the "little man" and you see where it leads. This is the Age of Obama.
    Mar 17, 2009. 01:17 PM | 2 Likes Like |Link to Comment
  • Tough talk from Sen. Charles Grassley on AIG (AIG) execs. He says he'll feel 'a little better' if they "come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide."   [View news story]
    Grassley is the "opposition." Is there no end to this farce?
    Mar 17, 2009. 11:36 AM | 1 Like Like |Link to Comment
  • U.S. regulators rules shareholders must be allowed to vote on JPMorgan (JPM) measures to tie executive bonuses to the bank's long-term stock performance.   [View news story]
    U.S. regulators rule
    Mar 17, 2009. 09:34 AM | Likes Like |Link to Comment
  • Mark-to-Market: The Bogeyman of the 1930s Is Back  [View article]
    I never thought I would be on the side of FDR, but I agree with both FDR and the author on this issue. On what authority did FDR eliminate mark-to-market?
    Mar 13, 2009. 08:26 PM | 3 Likes Like |Link to Comment
  • Why China Will Continue to Buy U.S. Treasuries  [View article]
    The Chinese can press-gang young men into the Navy and send them to sea to harrass U.S. shipping. That would absorb some of the unemployed.
    Mar 13, 2009. 08:09 PM | 1 Like Like |Link to Comment