CJJ

Exclusive: Big Banks' Recent Profitability Due to AIG Scam?

Wake us all up when you have a shred of fact. Can't wait until bloggers save the world. Oh yea, you can't save the world sitting behind a computer.
This guy does a good job, but he's also the same guy who quoted a silly senator that claimed all money market funds were minutes away from being pulled back in September. That one was categorically false.
Believe what you want to believe. Just like religion, make believe may sound good but it ain't real.

The Microwave Society's Answer to the Economy Is Half Baked

Maybe someone needs to explain that people don't need money as an enticement to do work or to do great things.
The people who created this mess and the pundits and bloggers who talk about it are overwhelming all part of the same ilk. They are slaves to money/assets and that drives every idea they have.
Once they realize their human capital is what really matters maybe then they'll get to some solutions.
This what is the crisis, solution, scandal of the moment, what can I complain about, whine about right now crap is the true crisis.

Financials Watch: AIG Brouhaha Distracts from Other Improprieties

Who are you all going to vote for when people start listening to you and we're all poor and destitute. Not because of any of the obvious corruption of the day, but because you "Free Market" champions "right the economy" by setting it back about 100 years and lead us to a 40% unemployment rate in the spirit of cleaning things up???

If this occurs it will be a classic case of the retaliator pays the price. Coming to power under such tense and terrible circumstances and then totally blowing what is left will lead to physical harm. Maybe that's why the people touting this crap ARE NOT running for office. They are very good at writing blogs and posts, but most don't have the balls or fortitude to go into office.

You are the same type of people who whine about high gas prices but then say energy reform is too expensive once gas prices go back down.
You are the same type of people who whine about the exponential health care costs of the country but say that its too expensive and complex to fix healthcare.

Wall Street's Worst Invention Ever: Credit Default Swaps

Let's also remember that AIG is paying its derivatives employees millions of dollars as retention fees to keep working there.

Can't wait until these contracts have to be voided since there isn't enough money in the world to pay them off and I have to read articles about how they are necessary.

Sure you can create an exchange for them, but like the morgates a fix after the fact doesn't fix the damage already done.

The Road to Economic Hell

Its a lack of accountability. Its a me-first attitude of everyone.

Look at internet message boards. Its just a place where faceless people can spew their ideas under a "freedom of speech" cover. Oh and by the way, the media is turning into an internet message board by the day. Long gone are "the facts".

When gambling halls and gamblers are nobler than economists, politicians, investors, etc, that's a huge problem. The markets are a joke. Large investors can make money buying stock in a company but also make money if a company goes under(w/ CDOs). They don't care which way it goes, they win either way.
Hedging is a common practice in gambling, however in gambling you can only hedge with money you've got, in the market you can hedge multiples beyond any tangible asset you've got.

Until financial crimes are treated like capital offenses get on for the ride.

The Nefarious and Destructive World of TARP

If the US is doing all you say, why don't you comment on the other countries of the world where the SAME EXACT THING IS HAPPENING and they have NO RIGHTS.
If the US is such a terrible place, move away to some fictional place where these things do not occur.
Only in the US can we have people who write a post like you have written at the same time we have lawyers and people defending the "rights" and "humane treatment" of terrorists out to take down our society.

On Dec 07 01:48 PM Andy B. wrote:

> "I really wonder, are they intentionally shrinking the money supply?
> Are they intentionally trying to increase the Fed into more than
> a lender of last choice that will hold the keys to the economy maybe
> forever? Are they intentionally bankrupting the US and robbing taxpayers
> to pay their friend's largess"
>
> I believe they are intentionally doing it, but not necessarily for
> their friends. In order to usher in the New World Economic Order,
> America must be brought down to an equal economic footing with all
> the other countries. No more soverignty.
>
> What's a better way to collapse our economy? Drain our resources
> with an endless war, huge transfers of money to other countries,
> an unprecedented and a purposely-created economic crisis with attached
> bailout and viola, eventual and inevitable economic collapse. <br/>
>
> It's my belief that the current administration, the upcoming administration,
> the U. S. judicial branch, legislative branch and executive branch
> are all guilty of high treason and conspiracy to commit high treason.
> There is no other explanation for our current troubles. Either they
> are guilty of gross criminal mismanagement and stupidity or they
> are ruining our country on purpose to accomplish their NWO goals.
> Any fool can see Congress sold out this country a long time ago and
> continue to do so.
>
> The sad thing is we can't revolt because we sold away our right to
> do so under the guise of national security. Just try to flex a muscle
> against our entrenched police state and you are branded as a terrorist
> and carted away. We sold our soul to the devil and now we must pay.
>
>
> "This description of a sovereign state is denied, however, by those
> who assert that international law is binding. Because states are
> limited by treaties and international obligations and are not legally
> permitted by the United Nations Charter to commit aggression at will,
> they argue that the absolute freedom of a sovereign state is, and
> should be, a thing of the past. In current international practice
> this view is generally accepted. The United Nations is today considered
> the principal organ for restraining the exercise of sovereignty."
> (freedictionary.com)