Let’s play “One of these things is not like the other’!
How can all these things be true at the same time in the same universe?
– The biggest banks in the world are revealed to have manipulated the critically important LIBOR rate for years for their own financial benefit.
– JP Morgan Chase is belatedly discovered to have lost $5.8 billion — up from the original $2 billion estimate — in risky derivatives trading that it supposedly did not dabble in. The trades were allegedly hidden both from regulators and from top executives.
– Jon Corzine and MF Global announce that they have lost $40 billion — including $1.6 billion of clients’ money that by law should never have been put at risk. The money may never be recovered.
– Russell Wasendorf, founder of PFGBest, is arrested for fraud for having lost more than $200 million in clients’ money that again by law should never have been put at risk. Again, the money may never be recovered.
– The financial system is overregulated.
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362 comments Add your comment
Jay
July 14th, 2012
7:00 pm
Did somebody say Sons of Confederate Veterans?
Common Damn Sense isn't Very Common
July 14th, 2012
7:09 pm
First after Jay
Common Damn Sense isn't Very Common
July 14th, 2012
7:10 pm
Greed can never be regulated, only punished
Keep Up the Good Fight!
July 14th, 2012
7:17 pm
“I do believe, I do believe”
Keep Up the Good Fight!
July 14th, 2012
7:26 pm
but but but…. that’s sounds anti-capitalism Jay….. Its much much better to have the unregulated markets that led to so many crashes and failures like those of 1929. Investors should each have to do their own research without the help of accurate SEC filings, accurate financial reporting, and of course, they should know when insider trading is occuring and jump in.
barking frog
July 14th, 2012
7:28 pm
Greed is Good.-Geico Gekko
Ol' Timer
July 14th, 2012
7:30 pm
If you would save an investment banker from drowning do not say, “give me you hand”, for he has no concept of giving. Say, rather, “take my hand” and he will be saved.
I’m old enough to remember when banks and bankers were honorable — Mills B. Lane of C&S. Not any longer. They have not demonstrated they’re trustworthy and many of the CEOs should be in jai.
flagboy?
July 14th, 2012
7:30 pm
What exactly does, “Sons of Confederate Veterans” have to do with anything?
G Mare
July 14th, 2012
7:36 pm
Jay@7:00,
. It worked!
Doggone/GA
July 14th, 2012
7:38 pm
“without the help of accurate SEC filings, accurate financial reporting,”
And what good is THAT if the SEC doesn’t have the money, resources or people to actually CHECK them?
G Mare
July 14th, 2012
7:41 pm
flagboy?, I am not quite sure either, but it seems to equate to people who will never accept that “the times they are achangin.”
Mr. Snarky
July 14th, 2012
7:45 pm
Because regulations are always bad. The government primary role is to transfer money from taxpayers to the military industrial complex. I thought you knew that!
Doggone/GA
July 14th, 2012
7:45 pm
“What exactly does, “Sons of Confederate Veterans” have to do with anything?”
See the last page of the previous blog. You’ll find out what you want to know.
Thomas
July 14th, 2012
7:46 pm
The Braves started a left fielder today that is hitting .206- were they “under left fielded” today?
Perhaps a more informative article would have included the ineptititude of federal gov’t workers as well.
Oscar
July 14th, 2012
7:48 pm
To answer the question. There can be too many laws. There also at the same time be no enforcement of any of those laws.
But I don’t think there are enough laws to regulate the financial industry. Bringing back Glass-Steagall would help.
But I don think the laws we have are not enforced.
Does little good to have laws and regs that are ingored.
Oscar
July 14th, 2012
7:49 pm
Should say: But I don’t think the laws we have are sufficiently enforced.
flagboy?
July 14th, 2012
7:50 pm
got it. thanks.
Kamchak ~ Thug from the Steppes
July 14th, 2012
7:53 pm
Did somebody say Sons of Confederate Veterans?
Damn!
It worked. Color me shocked.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
– Russell Wasendorf, founder of PFGBest, is arrested for fraud for having lost more than $200 million in clients’ money that again by law should never have been put at risk.
Yeah saw that over at CNNMoney — According to a criminal complaint filed by the U.S. Attorney’s Office, agents from the Omaha, Neb., office of the FBI used a suicide note found with Wasendorf against him.
“I have committed fraud,” read the note, which was written to his wife, according to the complaint. “For this I feel constant and intense guilt. I am very remorseful that my greatest transgressions have been to my fellow man.”
“Through a scheme of using false bank statements I have been able to embezzle millions of dollars from customer accounts at Peregrine Financial Group, Inc.,” the note in the complaint said. “The forgeries started nearly twenty years ago and have gone undetected until now.”
Hung by his own words. I hope that note is admissible in court.
A sentiment worth expressing again.
Keep Up the Good Fight!
July 14th, 2012
7:53 pm
Yes, blame the regulators after you don’t give them sufficient tools and manpower and of course you put constant political pressure on them not to do their jobs….. and when they do act, whine about how they are overregulating and that penalties and fines just hurt shareholders and the markets, while the CEOs are rewarded with even higher salaries… yeah, its the regulators.
Me Be Regulatin
July 14th, 2012
7:53 pm
IMHO – I’ts tough to regulate CRIMINALS. All the above listed CRIMES were committed outside of the law (regulations). Kinda like speeding – You know you’re breaking the law and you smile, until you get caught.
PD – Member of the S.A.R. (aka the winners!)
JamVet
July 14th, 2012
7:53 pm
Perhaps a more informative article would have included the ineptititude (sic) of federal gov’t workers as well.
Do you have relatives that are bankster criminals or something, Thomas? Cuz you sure love running cover for them.
This NOT about ineptitude. This is about lawlessness. This is about MASSIVE white collar crime. This is about the staggering corporate crime wave that you will never acknowledge. The one that is ruining this nation.
No wonder they want Republicans in Washington, huh?
bman
July 14th, 2012
7:54 pm
Oh, I was really hoping that the next blog topic was going to be about DIY garage door repair !
Keep Up the Good Fight!
July 14th, 2012
7:54 pm
Kam, if i see a unicorn poohing skittles tonight, you will have reached a new level
Project Dreamz
July 14th, 2012
7:56 pm
Are YOU a registered voter?
http://www.youtube.com/watch?v=pP6Mcvgdrtg
G Mare
July 14th, 2012
7:56 pm
Ol’ Timer, I remember those times, too. Maybe the reporting was not that good? Or maybe people were more honest then? I would SO like to believe in Atticus Finch & George Bailey. Sadly, we don’t seem to have those people nowadays. Perhaps George & Atticus, along with you & me, got lost somewhere along the way.
Redneck
July 14th, 2012
7:57 pm
Untill we stop this madness by NOT putting our money in these crackpot investments (Banks, stock market, money market) this will go on and on….
Oscar
July 14th, 2012
8:01 pm
Perhaps a more informative article would have included the ineptititude (sic) of federal gov’t workers as well.
________
It’s not the fault of the police if someone robs a bank. It’s the fault of the criminal who commited the crime.
Brosephus™ (B)
July 14th, 2012
8:03 pm
Perhaps a more informative article would have included the ineptititude of federal gov’t workers as well.
Perhaps you can kiss the collective asses of federal government workers.
flagboy?
July 14th, 2012
8:03 pm
JamVet, the housing and banking crisis over the past 8 years has everything to do with ineptitude. I won’t even lay the blame at the feet of those who thought they should buy a million dollar house when no on in his/her right mind would think they could afford it.
The people at AIG were inept. The people at Moody’s and Standard and Poor were inept. They were either inept or incredibly lazy. I’m not sure either one is better than the other.
Oscar
July 14th, 2012
8:03 pm
Redneck
_____
Where are you going to put your money. Cash makes mattresses lumpy.
And capitalism could not exist without investors who buy their stock and banks that loan them start up money and money to make payrolls during months when revenues are down.
Steve - USA "None of the Above"
July 14th, 2012
8:03 pm
Bush was supposed to be watching Wall Street 24/7, I guess Obama isn’t watching either.
Oscar
July 14th, 2012
8:04 pm
Brosephus™ (B
__
Yeah. That’s what I meant.
Brosephus™ (B)
July 14th, 2012
8:05 pm
Or even better, why not go work for the federal government so you can see exactly where the ineptness originates. Here’s a hint, it isn’t from the working class.
Kamchak ~ Thug from the Steppes
July 14th, 2012
8:06 pm
Perhaps a more informative article would have included the ineptititude of federal gov’t workers as well.
Perhaps Jay can reiterate yet again how during the aughts inspectors were reassigned and the department responsible for investigating these asshats was underfunded.
But it goes back even further. Brooksley Born warned about the ticking time bomb that is the unregulated derivatives market.
Greenspan and Co. (yes, Rubin, Summers, and little Timmy Geithner) didn’t want to hear it.
Wankers.
Oscar
July 14th, 2012
8:06 pm
Steve
Still blaming the cops instead of the criminals. You are somewhat upside down.
G Mare
July 14th, 2012
8:06 pm
Yeah, Kam it did work!
“Totally cool.” With thanks to the grands for that phrase.
Common Damn Sense isn't Very Common
July 14th, 2012
8:08 pm
Bro
you need to get back to work you inept lazy gubmint worker
j/k
How have you been?
Oscar
July 14th, 2012
8:09 pm
G Mare
+++++++
What worked?? Makes no sense to me.
TaxPayer
July 14th, 2012
8:10 pm
Missing Georgia Bank Director Indicted for Bank Fraud
Grand Jury in Southern District of Georgia Returns Indictment Against Aubrey Lee Price
Common Damn Sense isn't Very Common
July 14th, 2012
8:11 pm
Oscar
when some says Sons of Confederate Veterans Jay will put up a new subject.
Redneck Convert (R--and proud of it)
July 14th, 2012
8:12 pm
Well, anybody can lose some money. That’s how things go in the Free Market . . .40 billion bucks! Holy cr_p! I sure hope it wasn’t any of my money.
Anyhow, this just goes to show there’s too much regulation. If it wasn’t for all this regulation these cos. and people wouldn’t need to sneak around doing stuff the regulations say they can’t do. Just like if there wasn’t so many laws against bank robbery people wouldn’t be robbing banks so much and every bank would be safe.
At least I think that’s what’s happening. I get so confused. And tell this Oscar it’s none of his beeswax where I keep my money. It’s for dang sure I won’t be trusting these cos. and people to handle it. They’re so over-regulated it’s hard to tell what they’ll be tempted to do with it.
Have a good Saturday night everybody.
Brosephus™ (B)
July 14th, 2012
8:15 pm
How have you been?
Great. Enjoying time with the lil one. Peeked in here for a minute or two to see what’s going on. Of course, I stumble upon the same jackassery as always. Been thinking about stepping away from this place for a while. I’m nearing my quarterly limit for stupidity already.
How’s things with you? I haven’t heard anything else on Infosys yet.
Kamchak ~ Thug from the Steppes
July 14th, 2012
8:15 pm
The people at Moody’s and Standard and Poor were inept.
Inept????
How about criminally culpable.
As the housing market collapsed in late 2007, Moody’s Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country into its worst financial crisis since the Great Depression.
A McClatchy investigation has found that Moody’s punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment offerings.
Wankers.
Asshats.
Criminals.
JamVet
July 14th, 2012
8:15 pm
flagboy, are you familiar with the phrase, “Crazy like a fox”?
These banksters are imperious.
They are untouchable.
And they know it.
They own our government.
They write the laws. The laws that legalize thievery.
Sure the mega-corporation MAY pay some slap on the wrist fine, but what do they care?
Ralph Nader is right; they simply look at it anymore as a cost of doing business.
The banksters themselves walk away scott free every time.
And the neocons LOVE it…
Oscar
July 14th, 2012
8:19 pm
Common
Thanks
Kamchak ~ Thug from the Steppes
July 14th, 2012
8:20 pm
Hiya, G Mare!
Credit josef on the SOCV thingie.
flagboy?
July 14th, 2012
8:25 pm
Right. . neocons. So easy to just blame one side. Geez. . . I’m conservative myself, but I don’t buy every piece of information that comes from the political party of my choosing, which for better or worse at the moment is the Republican party, as being gospel truth. Is the system screwed up? sure, in some respects. Is it all the fault of the Republican party?? . . . if you say yes . . well. . . pretty much would end any discussion. Who repealed Glass-Steagal? Clinton! It’s all Clinton’s fault! Blame the democrats! . . .whatever.
independent thinker.
July 14th, 2012
8:27 pm
More info about the JOB CREATOR aka JOB DESTROYER, Willard, Mitt Romney:
“”"”"”On April 17, 1998, Brookside Capital Partners Fund, a Bain Capital affiliate, filed a report with the Securities and Exchange Commission noting that it had acquired 6.13 percent of Hong Kong-based Global-Tech Appliances, which manufactured household appliances in a production facility in the industrial city of Dongguan, China. That August, according to another SEC filing, Brookside upped its interest in Global-Tech to 10.3 percent. Both SEC filings identified Romney as the person in control of this investment: “Mr. W. Mitt Romney is the sole shareholder, sole director, President and Chief Executive Officer of Brookside Inc. and thus is the controlling person of Brookside Inc.” Each of these documents was signed by Domenic Ferrante, a managing director of Brookside and Bain.”"”"”"”"”"”"”"
See David Korn in Mother Jones News
Sole purpose of this company was to outsource US jobs in the appliance industry. Willard was not hiding at any Oympic venue at that time and clearly the man in charge.
Hey Repubs – your man is going down like a sub headed underwater with all the hatches open. Time for an open convention. I’ll consider Newt over this con artist.
Kamchak ~ Thug from the Steppes
July 14th, 2012
8:30 pm
So easy to just blame one side.
Blame one side?
I already painted a target on Rubin, Summers and Geithner.
Geez….
weetamoe
July 14th, 2012
8:31 pm
Does Obamacare cover hospitalization for enormous disappointment?
Oh look there’s Johnny Reb
Are there too many religions in the U.S?
July 14th, 2012
8:32 pm
http://www.youtube.com/watch?v=oFP6VUGwmAg
flagboy?
July 14th, 2012
8:35 pm
Kamchak,
Yes, initially inept. By the time Moody’s and S&P knew what was going on, they knew they were screwed. But it all started with the people there buying what Goldman Sachs, Bear Stearns, etc. were selling without looking under the hood. Fact was, all the banks were smarter than the people at Moody’s or S&P. . . they sold them Pintos labeled as BMW’s. . . and they bought them over and over until it was too late.
And as far as regulations go, and this is only my own opinion. the bond market was too complicated for people at most of the places in that game to even understand. . . I highly doubt government regulations would have caught on to it as well. just my opinion.
flagboy?
July 14th, 2012
8:36 pm
Kamchak
the blame one side thing was for the neocon comment from another post.
kayaker 71
July 14th, 2012
8:37 pm
What is amazing about this whole thing is that JP Morgan Chase has posted a profitable quarter after losing over 5B dollars. Wells Fargo has done much the same thing after being fined several million dollars for housing loans which it mismanaged.
Keep Up the Good Fight!
July 14th, 2012
8:38 pm
Fact was, all the banks were smarter than the people at Moody’s or S&P. . . they sold them Pintos labeled as BMW’s
wow, now fraud and deception is “smarter”
Part of the problem.
Brosephus™ (B)
July 14th, 2012
8:41 pm
Keep
And I thought the hip hop community was the only one that idolized criminal behavior.
flagboy?
July 14th, 2012
8:42 pm
wow, now fraud and deception is “smarter”
Part of the problem.
Yes, fraud and deception that would have been impossible to pull on both ratings systems had either one bothered to do their job and actually know what they were rating as AAA.
Kamchak ~ Thug from the Steppes
July 14th, 2012
8:43 pm
Yes, initially inept. By the time Moody’s and S&P knew what was going on, they knew they were screwed.
No, criminally culpable.Moody’s and S&P didn’t want to know what was going on.
But it all started with the people there buying what Goldman Sachs, Bear Stearns, etc. were selling without looking under the hood.
By accepting Moody’s and S&P’s ratings, they did indeed “look under the hood”, or at least to the point of plausible deniability.
the bond market was too complicated for people at most of the places in that game to even understand. . .
I have said nothing at all about the bond market.
Keep Up the Good Fight!
July 14th, 2012
8:46 pm
flagboy, so its okay and smarter as long as the rating agencies do not catch it?
Bro, is “hip hop community” one of them code words for Wall Street?
DebbieDoRight - A Do Right Woman
July 14th, 2012
8:46 pm
DG: And what good is THAT if the SEC doesn’t have the money, resources or people to actually CHECK them?
That was part of the “Big Plan”. Cripple entities like the IRS, and the SEC by starting a campaign of Big Government. Get your minions in the government to fire all these workers under the banner of “Saving Money*”; (NOTE: No one thought to “save money” by getting rid of Gas subsidies). Once these entities are forced to work with one hand behind their back and both legs cut out from under them – you have just effectively implemented the “Big Plan” to perfection…………….
Thomas; Perhaps a more informative article would have included the ineptititude of federal gov’t workers as well.
Of course. It’s NEVER the company’s fault that they lied and cheated, it’s the GOVERNMENT’S fault that they didn’t catch them.
Oscar: But I don’t think the laws we have are sufficiently enforced.
See comments ^^^ above.
Common Damn Sense isn't Very Common
July 14th, 2012
8:47 pm
Bro
I am between contracts at the moment but will probably be heading to Pittsburgh soon to work at another bank contract (Risk Management and Compliance) this time.
Gotta love the fed regs in my business
Found out that Christmas Ale is available if you can find a store that sells Dorfmunder Gold (same brewer).
Until I head out I will be helping my stepson paint (outside the week before last it hovered around 100 here)
ByteMe
July 14th, 2012
8:48 pm
Of course it’s over-regulated. If they under-regulate it, we’d never have known and could go about our lives without worrying about these things happening to us. Because it would never happen. Because we wouldn’t know about it. See how that works?
Actually, from the headline, I though this was going to be an article on how Romney collected over $100,000 in salary and signed all the Federal regulatory documents as CEO and President for a company he now claims he didn’t work for….
ByteMe
July 14th, 2012
8:49 pm
Moody’s and S&P didn’t want to know what was going on.
e-mails being released from the lawsuits show they knew EXACTLY what they were doing by taking the money and giving AAA rating to financial instruments that they didn’t understand… all to keep the profits flowing.
Common Damn Sense isn't Very Common
July 14th, 2012
8:50 pm
DDR
What’s for dinner tonight
Recon 0311 2533
July 14th, 2012
8:50 pm
Oh, those Democrat fat cats who’ve been destroying our economy for their own selfish gain.
flagboy?
July 14th, 2012
8:51 pm
Kamchak, ever read The Big Short by Michael Lewis? Great read.
True. . i spoke about the bond market. . . .
G Mare
July 14th, 2012
8:54 pm
Oscar, Kam said we would get new sheets here if somebody mentioned SONS OF CONFEDERATE VETERANS. So we did, & we got a new topic from Jay – new sheets.
Brosephus™
July 14th, 2012
8:55 pm
Keep
I’m beginning to think so. It’s a known fact that there are many consumers of rap music who lack substantial melanin counts in their skin.
——————————-
“Oh, those
DemocratPlutocrat fat cats who’ve been destroying our economy for their own selfish gain.”I doubt many people believe it’s even a party thing anymore.
ByteMe
July 14th, 2012
8:56 pm
I doubt many people believe it’s even a party thing anymore.
How can you doubt that some people think that everything is a party thing?
Kamchak ~ Thug from the Steppes
July 14th, 2012
8:57 pm
e-mails being released from the lawsuits show they knew EXACTLY what they were doing by taking the money and giving AAA rating to financial instruments that they didn’t understand… all to keep the profits flowing.
Good.
I want the authors of these emails tracked down and have them kicked in the balls repeatedly by the boys from Jackass.
In prime-time, on national TeeVee.
flagboy?
July 14th, 2012
8:57 pm
ByteMe, I have to admit to being ignorant to the emails and the higher ups. . . but i’ll bet dollars to donuts that the lower people on the ladder at Moody’s, the people who actually did most of the work with rating and knowing what was going on were incompetent and/or over their head.
lefty_316
July 14th, 2012
9:00 pm
Letting banks and invstement houses merge was a terrible idea. Break them out again and let the the brokers take all the risks they want in a deregulated environment. If they end up busting themselves out so be it, just don’t force taxpayers into a position of having to bail them out again.
Brosephus™
July 14th, 2012
9:01 pm
How can you doubt that some people think that everything is a party thing?
Easy. I can doubt it until the cows come home. Doubting something in and of itself doesn’t make it true.
MiltonMan
July 14th, 2012
9:03 pm
Jay mentions the once golden child of the libs – Corzine & in the same piece takes an underhanded slap to the cons – bipolar on display.
Also, interesting that there is zero mention of JP “donating” almost $1 million to Obozo. How much did the crooked Corzine donate to the clown-in-chief?
ByteMe
July 14th, 2012
9:03 pm
but i’ll bet dollars to donuts that the lower people on the ladder at Moody’s, the people who actually did most of the work with rating and knowing what was going on were incompetent and/or over their head.
You’d lose the bet. The ones working the ratings were told by the higher-ups (after calls to the higher ups from the investment banks) to give the ratings the investment banks wanted on the mortgage instruments. The investment banks knew they were slop, the ratings agencies knew they didn’t understand them, the investment banks threatened to pull their business from the ratings agencies, and the ratings people gave them the same rating as US Treasury debt nonetheless.
It’s all pretty well documented at this point. The lawsuits are causing the e-mails to come out about it. The ratings agencies are trying to hide behind the first amendment (”This was our opinion”), but that won’t fly when the agencies are given special status as the arbiter of whether pension funds can hold certain paper.
Recon 0311 2533
July 14th, 2012
9:06 pm
“I doubt many people believe it’s even a party thing anymore”
Don’t know about many that believe it’s a party thing but Corzine and Dimon are big time Democrats who gave considerably to Obama’s campaign.
ken
July 14th, 2012
9:09 pm
And if the SEC would have done their job Berni would have been caught. The SEC should be in the cell next to Bernie.
flagboy?
July 14th, 2012
9:10 pm
ByteMe, I’m not calling you a liar, but I’ll believe it when I see it. There’s a reason being a Moody’s analyst is considered a large step down from being at Goldman Sachs.
Also, I thought most of the fraud stuff against moody’s was dropped a few years ago. 2010 I thought.
Can you point me in the direction of info for them still being investigated?
Oscar
July 14th, 2012
9:23 pm
ken
No one at the SEC broked any laws. Bernie did.
ByteMe
July 14th, 2012
9:27 pm
Can you point me in the direction of info for them still being investigated?
didn’t say “investigated”. This is part of the ongoing lawsuit against them by numerous parties related to the ratings they gave to investments at the behest of investment banks.
See here for starters, then follow some of the links:
http://www.dailyfinance.com/2010/04/23/more-hot-emails-put-new-heat-on-the-credit-rating-agencies/
and this: http://mortgagefraudblog.com/perp-walk/item/16707-ratings-on-mortgage-backed-securities-leads-to-lawsuit
barking frog
July 14th, 2012
9:34 pm
A mandate that everyone
deposit money in a bank or
the stock market under the taxing power of Congress would go far in correcting
the problems of both and
provide for retirement for
all.
flagboy?
July 14th, 2012
9:40 pm
barking frog. .no thanks.
Doggone/GA
July 14th, 2012
9:42 pm
“A mandate that everyone deposit money in a bank or the stock market under the taxing power of Congress would go far in correcting the problems of both and provide for retirement for all.”
/snort
DebbieDoRight - A Do Right Woman
July 14th, 2012
9:44 pm
Common: What’s for dinner tonight
Hiya Common!! Tonight i cooked jerk chicken, peas and rice, cabbage and plantains.
I felt like going to de Islands tonight mon!
barking frog
July 14th, 2012
9:45 pm
flagboy
you will get old if you don’t
die. you will need more than
social security. you must be
forced to provide for
yourself and not be a
free riding moocher.
Not a Neal Boortz Redneck
July 14th, 2012
9:48 pm
Corzine didn’t steal a dime. All the MFG funds have been located. In fact, the idiot was buying MFG stock hand over fist as late as August of last year.
He never sold a share.
Now Mozilo sold as much as he could (Countrywide). The real scam artists ran banks that were not subjsect to GlassSteagall.
G-S is a red herring. Dodd Frank is much stronger. It can liquidate a bank for falling below capital standards.
Thomas Heyward Jr.
July 14th, 2012
9:49 pm
There are over 70,000 employees of the SEC,the DOJ, and the FBI.
.
And even if you count the average intelligence of a government worker as being only a quarter of a regular person…..that still leaves 17 or 18 thousand people charged with preventing financial crimes…………………..and yet…………………..Jon Corzine still walks free……….and the crimes will continue until every last dollar in your retirement fund is gone.
.
Weird.
Doggone/GA
July 14th, 2012
9:50 pm
“not be a free riding moocher.”
And how will you go about forcing people who are living hand-to-mouth to take enough out of their already miniscule income to be invested?
BRW
July 14th, 2012
9:51 pm
So MiltonBoy, where’s the name of that company you work for that’s gonna screw you when national healthcare takes effect?
I want to check that one out for myself.
DebbieDoRight - A Do Right Woman
July 14th, 2012
9:52 pm
Also, interesting that there is zero mention of JP “donating” almost $1 million to Obozo. How much did the crooked Corzine donate to the clown-in-chief?
IOW — No matter WHAT the topic, I’m gonna find a way to put Obama’s name into it. A dog catcher in Cleveland got caught kissing the dogs?
How much money did he give to Obama?
A 5 year old girl get stuck in an elevator for 12 hours?
How much money did she give to Obama?
SoCoBro makes headlines by finding 11 bombs on 4 planes?
How much money did he give to Obama?
Dolphins fire that wuss Saban so he goes running to some broken down team in Alabama?
HOW MUCH MONEY DID HE GIVE TO OBAMA????!!!
flagboy?
July 14th, 2012
9:53 pm
ByteMe, I looked at the first one. It’s from April of 2010. By the end of 2010, the SEC had dropped all charges against Moody’s. As for the other one, the class-action lawsuit. . well. . good luck with that. Highly doubtful.
I would consider it to be more political grandstanding (illinois AG) than anything else.
barking frog
July 14th, 2012
9:56 pm
Doggone/GA
I will adopt the same plan
used in PPACA, subsidize.
Kamchak ~ Thug from the Steppes
July 14th, 2012
9:57 pm
Weird.
You wanna know what’s weird? (well, not so much weird as OMG you got punked by a fake website)
Somebody (that somebody being you, Thomas Heyward Jr.) posted a story about a Wisconsin wedding being attacked by a Predator drone.
What a naif!
Not a Neal Boortz Redneck
July 14th, 2012
9:57 pm
Moody’s and S&P were immune to lawsuit before 2010 (Dodd Frank) – they had free speech protection under the First Amendment (like a movie reviewer). Hey, its a good movie/bond.
Now they fall under the same law as auditors as “specialists” and you can sue their butts off for a bogus AAA.
flagboy?
July 14th, 2012
9:58 pm
Barking, I get the idea.
DebbieDoRight - A Do Right Woman
July 14th, 2012
9:59 pm
There are over 70,000 employees of the SEC,the DOJ, and the FBI.
What a crazy comment — let’s put this in perspective why don’t we?
70K+ in THREE government agencies /(divided by) 40B+ people/(divded by) the number of banks = Tough Luck and a lot of overtime.
Doggone/GA
July 14th, 2012
10:00 pm
“subsidize.”
Yes? And how does that square with “not be a free riding moocher.”? If you are subsidizing someone’s retirement savings, aren’t you allowing them to “mooch” off the rest of us who don’t need a subsidy?
barking frog
July 14th, 2012
10:08 pm
doggone/ga
not under the PPACA plan
because you must pay if
you have money and if
you have no money and
can’t pay it negates the
free ride moocher thing
unless you are a conservative and can’t
comprehend this.
Doggone/GA
July 14th, 2012
10:11 pm
“if you have money and if you have no money and can’t pay it negates the free ride moocher thing”
If you have no money and can’t pay it “negates” what? This reads as if you left something out.
GT
July 14th, 2012
10:12 pm
The rich are happy pointing out the crimes of the poor as if they are morally superior. The real scare here is where is law and order when the powerful have sold out?
Kamchak ~ Thug from the Steppes
July 14th, 2012
10:24 pm
In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.
Goldman’s sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation’s premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies.
Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk.
Now, pension funds, insurance companies, labor unions and foreign financial institutions that bought those dicey mortgage securities are facing large losses, and a five-month McClatchy investigation has found that Goldman’s failure to disclose that it made secret, exotic bets on an imminent housing crash may have violated securities laws.
Not a Neal Boortz Redneck
July 14th, 2012
10:29 pm
Kamchak, I read the Goldman Abacus MBS prospectus. They warned the investors about all the risks multiple times.
I side with GS. Their defense is legally airtight.
getalife
July 14th, 2012
10:37 pm
Allow me to retort.
They control too much of our gdp, too much revenue from taxes and own corrupt congress.
They have rigged the game so bad, it will take a new generation to change these facts because the me generation is worried about the Kardasians.
So, there is no use whining about it.
dbm
July 14th, 2012
10:39 pm
Keep Up the Good Fight!
July 14th, 2012
7:26 pm
There was already heavy government regulation in 1929.
In addition, Herbert Hoover made the crash much worse by “doing something”, namely propping up wages and prices, which tended to make people, goods, and services unaffordable, and therefore unmarketable.
barking frog
July 14th, 2012
10:39 pm
doggone/ga
if you have money you
must pay. you left something out.
flagboy?
July 14th, 2012
10:43 pm
AIG and the like bought all the crap Sachs, etc. were peddling. Sachs put enough legit mortgages in with the awful ones in mortgage bond packages (. . . things like mortgages where someone only had to declare what their income was rather than prove it) to get to an average that Moody’s and S&P used to determine AAA bond ratings.
I don’t see how Goldman Sachs is to blame. What they were doing was greedy and disgusting considering who got duped in the end (all of us. . . even as your neighbor left his/her 150K house to move into a 500K house). . . but to say Goldman promoted them as AAA is false. It wasn’t their job to rate them.
dbm
July 14th, 2012
10:48 pm
To address this question properly, we would need to do a lot of deeper digging to answer questions such as
What can we trust more to keep things clean, government, or the vigilance people would exercise if they didn’t assume government was taking care of it?
To what extent are such frauds and blunders best addressed by government managing things in an effort to prevent them, and to what extent are they, like most murders, best addressed by proesecution after the fact? (Dictatorships tend to be more effective in stopping ordinary crime. Is that an example of good regulation we should emulate?)
What, exactly, led to these frauds and blunders and made them possible?
What role did existing government regulations and interferences play?
dbm
July 14th, 2012
10:52 pm
A specific example I heard about on NPR is the large number of government regulations that required people to use these ratings, which artificially increased the power and significance of the ratings.
Oscar
July 14th, 2012
10:52 pm
What role did existing government regulations and interferences play?
___
None.
dbm
July 14th, 2012
10:53 pm
Sorry, in my 10:48 “proesecution” should be “prosecution”.
Oscar
July 14th, 2012
10:54 pm
What can we trust more to keep things clean, government, or the vigilance people would exercise if they didn’t assume government was taking care of it?
________
What a ridiculous question.
dbm
July 14th, 2012
10:56 pm
Oscar
July 14th, 2012
10:52 pm
Have you checked all the existing government regulations and interferences and their complex interactions with the market to make sure of this? How much time did you spend doing this? Are you sure you aren’t being too glib?
dbm
July 14th, 2012
10:59 pm
Oscar
July 14th, 2012
10:54 pm
When government enters a field it tends to preempt it, eliminating the possibility of nongovernmental approaches.
Government approaches tend to be vulnerable to politicization and corruption.
Please explain why my question is ridiculous.
getalife
July 14th, 2012
11:04 pm
They have the gop, the cons and corporate media making excuses and bowing down.
You have to look at their rise to power and look at the people helping them to end it.
This problem will be around until the people had enough.
getalife
July 14th, 2012
11:18 pm
We need their steady revenue coming in to fund government so it complicated but will need a new revenue stream if you break up the big banks.
It would help to go back to making things in our country to not rely on their revenue.
Oscar
July 14th, 2012
11:20 pm
Please explain why my question is ridiculous.
________
Because
1. it is based on the premise that people fail to exercise viligence because they rely on the geovernment to “take care of it”
2. It implies that if we did away with government oversight and police then there would no longer be any crime.
Those will do for starters, but there are additional reasons for my comment.
dbm
July 14th, 2012
11:50 pm
Oscar
July 14th, 2012
11:20 pm
I am not saying people fail to exercise vigilance. I am saying they exercise less vigilance. I am also saying there is much less chance for any company, existing or new, to profit by helping people to exercise vigilance.
I am implying the exact opposite of “if we did away with … police then there would no longer be any crime”. I am suggesting we consider a police type approach rather than a prior-restraint approach in which the government manages things.
Oscar
July 15th, 2012
12:14 am
dbm
Were you in favor of repealing Glass-Steagall?
dbm
July 15th, 2012
12:39 am
Oscar,
I am more interested in clarifying basic principles than in evaluating particular pieces of legislation, so I do not know enough offhand about Glass-Steagall to have a position on it. Perhaps if you ask me a question framed in terms of basic principles, I can give you an answer.
Oscar
July 15th, 2012
12:44 am
It’s getting pretty late and I’m tired. Maybe another time.
Oscar
July 15th, 2012
1:25 am
I will make one comment. Glass-Steagall prevented commercial banks from investing and buying and selling stocks in their own account. That was repealed and the banks Jay mentioned in his article loss big money in doing just that. I call Glass-Stegall a regulation of bank activity. Much like your policy state approach. Had that regulation, or law stayed in place those losses would not have occurred.
We are not using the terms in the same way.
You seem to be speaking of regulation as management of day to day banking. I don’t see the government doing that and that is not what I mean by bank regulation.
Restaurants have rules about how they keep food. Inspectors come by and inspect and give them a grade. I don’t call that management of restaurants, I call it a policy activity.
If they fail to follow the rules, you don’t get sick because of the inspectors failure to spot something, you get sick because the restaurant didn’t follow the rules. Same with banks.
Some of the things the banks did that caused the meltdown were not even illegal. But they should have been. That means the losses occurred because of the lack of certain laws that should have been in place to regulate their activity. In your terms, that would be a police type approach and not a management approach.
US builds criminal cases in interest rate-fixing scandal
July 15th, 2012
6:34 am
As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the center of the scandal.
http://www.msnbc.msn.com/id/48187483/ns/business-us_business/t/us-builds-criminal-cases-interest-rate-fixing-scandal/
Tthe Journey
July 15th, 2012
6:58 am
Let the church say Amen!
http://www.youtube.com/watch?v=6SNqrZYfaho
Jack
July 15th, 2012
7:20 am
Bank critics should band together and open their own bank. Bookman for CEO.
Rightwing Troll
July 15th, 2012
7:30 am
So what’s worse… having a hoodie wearing teenager point his bag of skittles at you and take your wallet, or a suave Armani wearing banker type point a warm smile at you and take EVERYTHING?
GB
July 15th, 2012
7:45 am
The answer is quite simple. Humans and human institutions are imperfect. Regulations and regulators are no guarantee that the regulated will behave properly, ethically, legally.
This is not an argument against regulation. It is, however, a fact that needs to be kept in mind when there are calls for more regulation after something bad happens. In situations like the ones described there is already plenty of government regulation. Often the regulators have failed to do their jobs. More regulations will not necessarily lead to better outcomes.
stands for decibels
July 15th, 2012
7:54 am
having a hoodie wearing teenager point his bag of skittles at you and take your wallet, or a suave Armani wearing banker type point a warm smile at you and take EVERYTHING?
Perhaps it’s time for Americans to stand their ground against the banksters.
carlosgvv
July 15th, 2012
7:55 am
When you go to the polls to vote this fall, your choice will be between two Wall Street sponsored candidates.
Any questions?
Thomas Heyward Jr.
July 15th, 2012
8:03 am
Your only choice between two wall-street bankers?
.
Maybe to a trained-seal or sheep zombie.
.
Smart people know that there are many choices.
JamVet
July 15th, 2012
8:08 am
And even if you count the average intelligence of a government worker as being only a quarter of a regular person…..that still leaves them four times ahead of our average Republican blogger.
Who often lament a lack of “smart people” and superior intelligence in others but seldom, if ever, demonstrate any of their own. At least that I have ever seen on this forum.
Which explains how the eight year reign of George W. Bush came to be.
And Jack you pansified, soft-on-crime types should start your own organization.
Oh that’s right, you already have!
It’s call the neoconservative movement!
dbm
July 15th, 2012
8:24 am
Oscar
July 15th, 2012
1:25 am
Jay probably shouldn’t have asked such a vague question.
carlosgvv
July 15th, 2012
8:25 am
Thomas Heward, Jr – 8:03
Since you are so smart, and I am just a “trained-seal and sheep zombie” please enlighten me as to which candidates are not sponsored by Wall Street.
dbm
July 15th, 2012
8:30 am
There are lots of murders committed for reasons relating to money. Should we start tightly regulating and inspecting people’s personal and household finances in an effort to prevent such murders?
There are lots of murders committed for reasons relating to romantic and sexual relationships and jealousies. Should we start tightly regulating and inspecting romantic and sexual relationships and jealousies in an effort to prevent such murders?
Or should we concentrate on prosecuting murders after the fact?
Thomas Heyward Jr.
July 15th, 2012
8:34 am
carlosgv.\
.
Ron Paul or Gary Johnson ..to name only a few.
Furthermore…….you have a choice to NOT vote.
The less of two evils is still evil.
.
“When buying and selling are controlled by regulators, the first things to be bought and sold are regulators.” -P.J. O’Rourke
stands for decibels
July 15th, 2012
8:35 am
one of these things is not like the other. Commentary by David Grohl and the Cookie Monster.
http://www.youtube.com/watch?feature=endscreen&NR=1&v=KwF9U9tbXN8
stands for decibels
July 15th, 2012
8:38 am
you have a choice to NOT vote.
Sounds like the aspirin-for-birth-control argument, only not realistic.
stands for decibels
July 15th, 2012
8:38 am
…not AS realistic. jeez.
dbm
July 15th, 2012
8:49 am
I’ve seen a comment that government regulations force banks into a sort of cartel and tend to prevent the offering of true alternatives to the consumer. There’s probably a lot of truth to that.
dbm
July 15th, 2012
8:55 am
Oscar
July 15th, 2012
1:25 am
Can you describe more precisely the exact nature, source, status, and purpose of the money you describe the banks as using “in their own account”?
JamVet
July 15th, 2012
9:01 am
“When buying and selling are controlled by regulators, the first things to be bought and sold are regulators.” -P.J. O’Rourke
I understand the corrupting influence of buying off our elected representatives. Yet, the quasi-fascist rightists are the fanatics who posit for such a corporatocracy.
And this quote is yet more proof that the would-be anarchists have given up on and given into these banksters and corporate criminals.
They hate Uncle Sam/our American system of governance/law enforcement officers/authority figures to the point that they now actually pull for the criminals.
Cuz they sure as hell don’t ever say boo about ANY of these white collar crimes…
JamVet
July 15th, 2012
9:04 am
Ron Paul or Gary Johnson ..to name only a few.
Let’s see all of these other many names.
This should be interesting…
TaxPayer
July 15th, 2012
9:06 am
The conned aren’t really pulling that old line about eliminating laws based on the fact that some people break the laws, are they. After all, laws would not be broken if there were none.
Old Dawg
July 15th, 2012
9:09 am
David Brooks from the NY Times said it best: They’re brats!
Either we find a way to solve the issue of Wall Street and the banking community or it will destroy everything we know.
JamVet
July 15th, 2012
9:19 am
Old Dawg, good analogy.
They are brats.
Hey Uncle Sam! You think you are going to make US adhere to the rule of law and act like ethical, responsible citizens??
I don’t think so!
We’ve got the entire Washington establishment in our pocket!
Even worse, when some rightfully outraged Americans take their god given right to protest and seek a redress of MASSIVE grievances by saying “Enough is enough!!”, we have an entire political party that goes batshiite crazy and indicts them for speaking out against these crimes and injustice!
ON OUR BEHALF!!
You are fools if you think we are ever going to accede to anything or give up one iota of the consolidated, massive power that we have amassed.
Let the working Republicans eat cake…
dbm
July 15th, 2012
9:20 am
TaxPayer
July 15th, 2012
9:06 am
There are a lot of murders. To what extent, if any, does this mean we need more laws to prevent murder? To what extent, if any, does this mean we need better enforcement of the laws we have? To what extent does this mean we have to live with pursuing murderers after the fact (and a few of us have to die with it)?
Thomas Heyward Jr.
July 15th, 2012
9:25 am
JamVet
.
“Cuz they sure as hell don’t ever say boo about ANY of these white collar crimes…”
.
Saying boo is only something the ruling sociopathes consider punishment.
.
A true anarcho/capitalist considers the “air dance” the only reasonable punishment……..and the true anarch/capitalist knows that until we see Jon Corzine do it…………the beatings will continue until morale improves.
.
And to name a few more………Virgil Goode of the Constitutional Party ..along with Jill Stein of the watermelon..I meant the Green party are not Banker wh*res.
dbm
July 15th, 2012
9:26 am
Government regulation and interference work in two ways to create “cozy” relationships between business and government.
They force businessmen to curry favor with legislators and regulators who have power over them.
They create opportunities for misuse of government power to benefit particular businessmen, companies, or groups of such.
The more complicated and pervasive government power over business, and the effects of such power, become, the harder it is to sort out which of these is which.
Oscar
July 15th, 2012
9:31 am
dbm
July 15th, 2012
8:55 am
________
The money they use to buy the securities come from the deposits made by their customers. Since FDIC protects these account holders from losses up to $250,000 these losses are basically covered by the US government, through FDIC.
Banks only hold a limited amount of money deposited with them in reserve. They major portion is loaned out or used as other investments by the banks, as in buying securities in their own names.
A lot of the the money went to fund mortgages, bad mortgages. Govt. had to bail them out or see the banks fail, and then they would have had to bail out the individual investors through FDIC.
Interesting, but scary and complex.
Thomas Heyward Jr.
July 15th, 2012
9:31 am
dbm——
.
You might as well argue with a squash.
A progresive’s answer to everything..be it a pimple upon your azz, poison ivey in your backyard, to EVEN the globes climate…………………is to hire more gubmint workers.
.
In their utopian ideal…….if you are a weirdo that doesn’t already work for the gubmint………….then one should be assigned to you.
.
True.
marko
July 15th, 2012
9:33 am
Why are international banks allowed to gamble with funds insured by US taxpayers? Imagine what the poor little fellows would do if they weren’t so severely overregulated.
At tad off topic,but Mitt says he’ll only share two years of tax returns with us. Really, where do people get the idea that they can demand the Mitt’s of world show us their papers. You just don’t treat a guy like The Mittster that way. You’d think he was a Guatemalan lawnmower jockey or something. There’s a curtain between first class and coach, and they don’t show their papers to anybody.
JamVet
July 15th, 2012
9:42 am
They force businessmen to curry favor with legislators and regulators who have power over them.
So the answer is to effectively remove legislators and regulators who any significant power over them and this will eliminate/minimize the problem?
Isn’t his exactly what has been happening since the Powell Memorandum of 1971? And escalated to a huge extent by Reagan, Clinton, Bush et al.
“Let the free market police itself”?
Great, we just got horrifically burned by letting the Wall Street banksters/casino capitalists and mega-corporation foxes guard the American henhouse and NOT ONE of those men went to jail.
BTW, do you agree or not that there is rampant corproate crime in America?
And dbm, how do you advocate cracking down on this staggering and devastating (to the Middle class, anyway) corroboratory?
Kamchak ~ Thug from the Steppes
July 15th, 2012
9:43 am
Kamchak, I read the Goldman Abacus MBS prospectus. They warned the investors about all the risks multiple times.
I side with GS. Their defense is legally airtight.
Was it the standard — investment are not guaranteed and subject to loss, if you want guarantees put it in a federally insured bank — kinda warning.
Or was it a full disclosure –We know this AAA rated investment product of ours is crap. We know because we bribed the ratings agency. Not only that, we’re making massive bets against our very own product in secret default swap markets and we are not ever gonna disclose these bets and SHUT UP! — kind of warning?
Thomas Heyward Jr.
July 15th, 2012
9:44 am
Paraphrasing a good progressive bank puppet ———
.
We have to collaspe the rotten bankster/government system first………to see whats in it.
Kamchak ~ Thug from the Steppes
July 15th, 2012
9:48 am
A progresive’s answer to everything..be it a pimple upon your azz, poison ivey in your backyard, to EVEN the globes climate…………………is to hire more gubmint workers.
Maybe, if we had more “gubmint workers”, they could have stopped that Predator drone attack on that wedding in Wisconsin.
You know, that Predator drone attack that you were so kind to tell us about.
Tool.
JamVet
July 15th, 2012
9:48 am
Zooks, redact my last to read corroboratory to corporatocracy. (A word absolutely loathed by corporatist Republicans.)
Chris
July 15th, 2012
9:55 am
Obama has proven having more regulations mean absolutely nothing, when the President chooses not to enforce the laws he’s constitutionally sworn to uphold.
carlosgvv
July 15th, 2012
9:59 am
Thomas Hewyard, Jr – 9:25
What are you talking about?
WHAT IN THE WORLD are you talking about????????
Kamchak ~ Thug from the Steppes
July 15th, 2012
10:04 am
For those of you that haven’t read the story that Tommy Jr. was punked into sharing with us: (really Tommy, the clue was right there at the top of the page — “NEVER TRUE, ALWAYS ACCURATE”)
After a three months of investigations, the CIA now admits that a NATO Predator drone flew off course on July 10 of this year and mistakenly launched a missile strike on a wedding reception being held in Pamperin Park in Green Bay, Wisconsin.
CIA investigators report that the unmanned aerial vehicle (UAV), which was flying missions as part of Operation Enduring Freedom, misidentified the Miller-Peterson wedding celebrants for Taliban insurgents and launched an attack, killing six and wounding 17.
[...]
“This completely ruined my wedding,” the recently married Melissa Peterson-Miller told investigators. “First, the flowers were all wrong, then Rodney [Stevens, one of the groomsmen who was injured in the attack] threw up on the cheese tray at the rehearsal dinner last night, and now this!”
The incident report reveals that the drone pilot believed the targets on the ground appeared to be militants wielding weapons and firing them into the air in an act of aggression. It turns out, the guests were merely conducting a “raise the roof” dance move as part of the DJ’s appeal for support and “a little energy” while the wedding party arrived to take their seats at the head table.
Union
July 15th, 2012
10:05 am
we have the irs.. they cannot enforce rules on anything but honest people.. we have a medicaid / medicare system that is ripe with fraud.. we have finra/sec that cannot do its job… even when continuously warned of bad investors..
dont think its a matter of funding.. its a matter of leadership.. when mary schapiro took over the sec.. she promised to clean things up.. she spent the first part of her tenure going after insurance companies.. trying to regulate an already regulated line of business.. all the while looking the other way while bernie madoff was taking peoples retirement and investments to the cleaners..
we call for the heads of “wall street” types.. and rightly so.. when are we going to start making the federal agencies more responsible for their ineptitude?
JamVet
July 15th, 2012
10:06 am
I believe it will take one more really good attempt by the depraved men who run these American mega-corporations to try and destroy capitalism like they did back in September 2008 before the Purity Test gang will finally wake up.
And even then it is debatable if they would. Their stupor seems that great.
And likely too late, anyway…
To paraphrase the Wizard, “Pay no mind to the men behind that giant American flag at 10 Wall Street.”
TaxPayer
July 15th, 2012
10:39 am
So dbm and Thomas apparently are in favor of just getting rid of the laws based on the fact that some people will always break the laws and therefore what good are they? And Thomas accuses others of living in Utopia. Anyway, what would this lawless land look like? Stand your ground and the faster draw wins. Or the biggest weapon wins. How about hand grenades at ten paces…
ragnar danneskjold
July 15th, 2012
10:41 am
A comic essay, as if the Fed has ever lacked sufficient oversight authority. The flaw of those who fawn over government oversight for ideological reasons is that the presence of overlords gives us trillions of dollars of losses in such brilliant schemes as ObamaCare and Solyndra. At least Chase lost its own money, instead of taxpayer dollars.
Kamchak ~ Thug from the Steppes
July 15th, 2012
10:51 am
And our resident Ayn Randroid shows up and labels this a “comic essay.”
Talk about irony….
Fred ™
July 15th, 2012
10:52 am
When faced with irrefutable evidence of the fallacy of the fantasyland created by the drug controlled mind of Ayn Rand that Ragsie so espouses what does he do?
He blames the Gov’t. How typical.
Fred ™
July 15th, 2012
10:59 am
Thomas
July 14th, 2012
7:46 pm
Perhaps a more informative article would have included the ineptititude of federal gov’t workers as well.
+++++++++++++++++++++++++
Here is the typical Republican (and Ragsie) response. Well they we only crooks because the Gov’t wasn’t smart enough to catch them.
Don’t the simple minded deluded fools relize that it is THEIR MONEY TOO that is being stolen? Do they think the super rich are going to give them half for supporting the blatant theft?
What is WRONG with these people? Do they just like the feel of urine on their heads and dripping though their hair down to their faces? Is THAT why they allow themselves to be peed on and then just though hoops like a circus dog to “explain” it away and “blame” Obama?
Just damn.
TaxPayer
July 15th, 2012
11:01 am
Contrary to unpopular belief, Chase is not really a person and Chase does not have a stash of his or her own billions sitting around to gamble with.
Fred ™
July 15th, 2012
11:17 am
axPayer
July 15th, 2012
11:01 am
Contrary to unpopular belief, Chase is not really a person and Chase does not have a stash of his or her own billions sitting around to gamble with.
++++++++++++++++++++++++++++
Just like the Government and that socialist Kenyan Oblaba.
There I got the deluded right wing response to your post out of the way lol.
Although, unlike Gov’t, no one from the banks has ever been held accountable for the great bank scam thefts. Quite the opposite, they have all been handsomely rewarded.
Mighty Righty
July 15th, 2012
11:22 am
According to Obama, our financial system is upside down. Wealth comes from the bottom. Who knew? This admission by Obama explains his illogical statements. His economic ignorance explains his unique view that wealth is generated by poor people. Poor people do the hiring! No wonder he has increased the number of poor, the number on food stamps, the number on welefare. His weird belief clears up his statement the other day of how bad employment numbers were a step in the right direction. High unemployment is actualy his goal to improve the economy and he thinks it is working. .He is running adds to increase the number of people getting food stamps and has eliminated the need to prove a need for food stamps. Just go sign up. Everything is free. The logical conclusion of this new economics is that once everyone is out of work the economy will be completely recovered and we will have achieved 100% unemployment and our GNP will soar. Utopia at last! The slogan under Obamanisim is, “The he-l with our children, just keep borrowing from China and give me four more years. After that, who cares”
Hootinanny Yum Yum
July 15th, 2012
11:24 am
Do we need more regulation or enforcement of existing regulations?
Thomas
July 15th, 2012
11:26 am
Fred/Taxpayer
Quite a leap their crouching tigers. Did you boys in, your adrenaline rush, miss the part where I said “Perhaps a MORE (emphasis added) informative article….
Too infer that the writer of the above is against any and all Fed regulation is, at best, rather immature. I have a strong dislike of WStreet for many reasons.
getalife
July 15th, 2012
11:39 am
Bottom line, we need their revenue to fund government but we do not need another global collapse so the answer is balance.
It is a not my way or the highway issue.
Mighty Righty
July 15th, 2012
11:48 am
ONE
For the last two hundred years
Which country has been the most economicaly successful country,
Which country has the highest standard of living,.
Which country has had the best health care,
Which country has been the most popular destination for the worlds poor,,
Which country has the freeist citizens,
Which country has the best standard of living for its poor,
Which country has been the most generous with its wealth?
That would be the United States under Capitalism.
TWO
During the same period which countries mudered its citizens, disarrned them and used military force make them to comply with a poltical system that resulted in their enslavement poverty, starvation, poor health care, and the deaths of million?.
That would be Socialist, Fascist, Nazi, Communist, Marxist countries.
Which system does Obama admire and want to “fundamentally” force change to the citizens of our country?
That would be number two.
Vote for capitalism and freedom this November. It may be our last chance to avoid “fundamental change.”
getalife
July 15th, 2012
11:55 am
Ooops.
It is not my way or the highway issue.
The libor scandal will see some prosecutions and added regulations like the collapse but the banks will still rule the world.
So both sides are right.
Kamchak ~ Thug from the Steppes
July 15th, 2012
11:57 am
Socialist, Fascist, Nazi, Communist, Marxist
All code words for “fear”.
Shorter Tighty Whitey: Be vewy vewy afwaid, cause I want you to be like me.
getalife
July 15th, 2012
12:02 pm
mr,
What a load of con bs.
Our President is a moderate capitalist like Clinton.
Give the lies a rest.
getalife
July 15th, 2012
12:09 pm
willard is busted on his bain lies and the gop are starting to turn on him.
Of course, Rahm told willard to stop whining.
Your thoughts mr?
JamVet
July 15th, 2012
12:10 pm
Notwithstanding that the inference that we have the best health care in the world is pretty delusional (outside of some sophist context), for a moment there I thought you were acknowledging the status of countries like Canada, Ireland, South Korea and Switzerland.
My bad.
Chuckle and guffaw…
We have the MOST EXPENSIVE healthcare in the world. BY FAR. But rank #37 out of 191 countries.
(Damn facts.)
190 more days
July 15th, 2012
12:13 pm
Oh Noes, the corporatocracy
190 more days
July 15th, 2012
12:19 pm
When you go for your brain surgery, will you go to the USA (37th best in the world) or one of the other 36 nations that are supposedly better that the USA?
Erwin's cat
July 15th, 2012
12:20 pm
Nothing that QEIII can’t fix
/snark/
Erwin's cat
July 15th, 2012
12:22 pm
or a good speech
Erwin's cat
July 15th, 2012
12:28 pm
Rahlm
JamVet
July 15th, 2012
12:41 pm
Corporatocracy -noun
Corporatocracy is an economic and political system that is controlled by corporations or corporate interests.
It arose from four trends: weak national parties and strong political representation of individual districts, the large U.S. military establishment after World War II, big corporate money financing election campaigns, and globalization tilting the balance away from workers.
The term was used by author John Perkins in his 2004 book Confessions of an Economic Hit Man, where he described corporatocracy as a collective composed of corporations, banks, and governments.
The concept has been used in explanations of bank bailouts, excessive pay for CEOs, as well as complaints such as the exploitation of national treasuries, people, and natural resources. It has been used by critics of globalization, sometimes in conjunction with criticism of the World Bank[ or unfair lending practices, as well as criticism of free trade agreements.
And why nearly three fourths of Americans contend that corporations have too much control over our government and our lives.
Al Gore declared that Americans must ‘’stand up and say no” to ”Big Tobacco, Big Oil, the big polluters, the pharmaceutical companies, the HMOs.”
Indeed, 74% of those polled by BUSINESS WEEK agreed with the Veep’s remarks. Only 47% think that what’s good for business is good for most Americans, according to BUSINESS WEEK’s poll. And 66% think large profits are more important to big companies than developing safe, reliable, quality products for consumers.
And that was in 2000, I guarandamntee you that the sentiment is that much stronger now.
And in my estimation it is the single greatest threat to the republic and our given right as the sovereigns – the supreme and independent power or authority in government – in this nation.
Feel free to explain exactly how it is that we don’t have one.
Or don’t…(I am not holding my breath, because I have never seen the first truly cogent response to countermand ANY of this information)
But either way, wake up.
Corporations are not people, my friend…
Corporate statism or state corporatism is a political culture and a form of corporatism whose adherents hold that the corporate group is the basis of society and the state. The corporate group is typically comprised by political-economic power elites, for example those represented by the United States Chamber of Commerce or the American Enterprise Institute. In other countries, the corporate group may be a specific national or ethnic group.
And going back well over 200 years, many brilliant and courageous Americans have forecast this usurpation of our sovereignty by the monied interests as Jefferson called them.
The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than the democratic state itself. That in its essence is fascism: ownership of the government by an individual, by a group or any controlling private power. ~Franklin D. Roosevelt
Fascism should more properly be called corporatism because it is the merger of state and corporate power, ~Benito Mussolini
Kamchak ~ Thug from the Steppes
July 15th, 2012
12:43 pm
“I am stuck on Band-Aid brand ’cause Band-Aid’s stuck on me!”
– Thomas Jefferson
Keep Up the Good Fight!
July 15th, 2012
1:10 pm
Looks to me like Mighty might have hacked into Scouts fear mail supply…… oh the quivvering.
carlosgvv
July 15th, 2012
1:14 pm
Mighty Righty
Please furnish evidence that Obama admires Socialist, Communist, Marxist, Facist and Nazi Countrys. Then furnish evidence that he wants to force a fundamental change on America.
If you can’t do that, then please stop spouting such “compassionate conservative” nonsense here as you will be called out to prove it every time and you will wind up looking like an idiot every time.
Willie
July 15th, 2012
1:16 pm
Jay thinks he is clever when he is only a fool. Structural regulation…like banks that have federally insured deposits may not trade in securities don’t take up much space. Disasters like Dodd Frank regulate everything and solve nothing. Little minds like Jay’s think that MORE regulation…lots of little rules… is the soluton. Common sense structure is the right solution.
While Jay is an over exposed idiot, Obama is a marxist who is desperately trying to either sieze or destroy the country if he does not get his way. His blast from this weekend that “we need a economy that creates wealth from the bottom up” is about as marxist as you can get. Marxism is the ONLY economic system that thinks that wealth is connected to class. Marxism has utterly failed. It failed to create equality. It failed to create economic growth or prosperty. It has only been successful in creating misery and slavery. Why would anyone pursue such a system?
killerj
July 15th, 2012
1:16 pm
So the money just vanishes…………..?,somebody has a pocket full of change.
getalife
July 15th, 2012
1:28 pm
Prove it willie.
Doggone/GA
July 15th, 2012
1:34 pm
“So the money just vanishes…………..?,somebody has a pocket full of change”
Sure. If there was no fraud, it’s in the pockets of whoever bet better than the losers. If there is fraud, it’s in the pockets of the “losers”
Skeptic
July 15th, 2012
1:45 pm
Just keep blasting those “guvmint workers.” Freeze their salaries for a third year in a row. It won’t be long till you get what you pay for.
Doggone/GA
July 15th, 2012
1:54 pm
” It won’t be long till you get what you pay for.”
Which will then be used as proof that “government is the problem”
Thomas
July 15th, 2012
2:11 pm
I get all of the above but if fascism doesn’t work why don’t more folks go get an SBA loan and prove the system wrong v. blogging what doesn’t work?
Fred ™
July 15th, 2012
2:13 pm
Thomas
July 15th, 2012
2:11 pm
I get all of the above but if fascism doesn’t work why don’t more folks go get an SBA loan and prove the system wrong v. blogging what doesn’t work?
+++++++++++++++++++++++++
Right.The banks are just GIVING money away right now right Thomas? How much did they give you?
Fred ™
July 15th, 2012
2:29 pm
All I hear is my computer fans running.
Thanks Thomas, thta’s what I thought. Just more nonsense and hyperbole from the right.
Why you folks defend stupidity like this I’ll never figure out, but when you do it totally destroys your credibility.
dbm
July 15th, 2012
2:45 pm
Oscar
July 15th, 2012
9:31 am
On one level, what we have here is a technical question of how to draw the line between appropriate investments of the depositor money entrusted to the banks and overly risky ones that should not be permitted. If a government bailout was “required”, that strongly suggests the investments were too risky, although we would need to dig further than I have seen in this thread to get a solid proof.
On another level, this raises the question of whether banks should have more flexibility to offer different kinds of accounts with different degrees of risk, with the riskier accounts having a chance for a bigger payoff to the depositor. There should of course be clear communication about the differences in this case.
dbm
July 15th, 2012
2:52 pm
JamVet
July 15th, 2012
9:42 am
I agree that we need good laws defining and forbidding fraud and embezzlement, and proper enforcement of those laws.
It would be a lot easier to achieve this if
- We did not have statism-caused entanglement between business and government as I mentioned in an earlier post.
- More people were better at defining the issues involved.
dbm
July 15th, 2012
2:56 pm
TaxPayer
July 15th, 2012
10:39 am
Please actually read my posts.
Tundra Dude
July 15th, 2012
2:58 pm
Republicans will fix it…..or not.
House Republicans Try to Create the World’s Worst Criminogenic Environment
Wm. K. Black (former S&L investigator)
(snipped)
If you wanted to reproduce the conditions that led to the Great Recession in 2007,
the easiest way would be the plan unveiled last week by House Republicans:
gut the regulators who are supposed to keep the worst business practices in check.
http://bit.ly/LpzSrP
dbm
July 15th, 2012
3:03 pm
JamVet
July 15th, 2012
12:41 pm
We probably do have corporatocracy to some extent. The real question is, what really causes this and how do we get away from it?
getalife
July 15th, 2012
3:05 pm
“The banks own the place” durbin on the senate.
As pols chase those unlimited bribes, it gets worse.
I suggest pundits start a citizen united corruption scandal file because it will be big.
getalife
July 15th, 2012
3:09 pm
“They will do bad things in Washington until the people stop them” ensign warned on his way out.
Keep his words in mind while debating American politics.
josef
July 15th, 2012
3:25 pm
MIGHTY RIGHTY
“TWO
During the same period which countries mudered its citizens, disarrned them and used military force make them to comply with a poltical system that resulted in their enslavement poverty, starvation, poor health care, and the deaths of million?.”
*************
Don’t get me wrong. I love my country, but to answer the question:
“…murdered its citizens…” Well, okay, they weren’t citizens yet, that would have to wait until the 1920s when a convenient enough number had been slaughtered, but do the American Indians ring a bell…?
“…used military force to make them comply with a political system…” The Civil War comes to mind the Removals, the Plains Wars,
“…enslavement…” Well, I do seem to recall that was a fundamental element of the American scene for a good part of that 200 year history.
“…starvation…” Outside a couple of years here and there in isolated incidences, that one has never been characteristic of the federal government’s policies.
“…poor health care…” Really? Let’s see, slavery, Jim Crow; the Reservations, Appalachia and the urban slums…
“…the deaths of millions…” Aw, what’s a few pesky savages, the middle passage, the Late Unpleasantness, some Hawaiians, among others when rewriting the past to make it more perfect….
We’re not squeaky clean
Oscar
July 15th, 2012
3:26 pm
dbm
July 15th, 2012
2:45 pm
______
I am still not sure what you are advocating. We pass laws now that restrict what banks can do. And if they violate those laws we prosecute. I call that regulation.
You complain about government interfering with banks. What activities of the government do you consider government interfering. Are you advocating that the government stop bank audits. I don’t see that as interference with what they are doing.
Bank audits are more like state police by the road with a radar gun looking for speeders. I don’t call that interference.
G Mare
July 15th, 2012
3:51 pm
Off topic, but very interesting. Go to Intercollegiate
Studies Institute for a history & government quiz. I would post the link if I knew how.
Doggone/GA
July 15th, 2012
3:56 pm
” I don’t call that interference”
What fascinates me is the naive beleif that is you JUST stop watching, all the crooks will suddently begin to do the right thing.
Doggone/GA
July 15th, 2012
3:58 pm
“I would post the link if I knew how.”
Just to up the the bar where the address is displayed, highlight all of it, do CTRL-C…come back here and in the comments box do CTRL-V to paste it
Kamchak ~ Thug from the Steppes
July 15th, 2012
4:00 pm
G Mare
Go to the web page that you wish to link.
Place your cursor on the top line that shows the URL (usually begins with http)
Left click once to highlight the line (usually in blue)
Right click to open a dialogue window (options may include
undo
cut
copy
paste
paste&go
delete
select all)
Left click on copy
When you return here, place your cursor in the comments box like you would to type something.
Right click to display the dialogue box you saw earlier
Left click on paste.
The URL should appear in the comments box
Timus
July 15th, 2012
4:02 pm
It might ruffle some feathers but that time when the bankers were honest……..that was before Reagan deregulated banks and allowed Savings and Loans(your money) to be combined with investment banks(their money). Things started to go down the drain before he could even make it out of office!!!
GT
July 15th, 2012
4:04 pm
I wonder if when we finally see Romney’s tax returns if we don’t see some off shore activity that didn’t assist his so call miracle of saving the Olympics. Bain didn’t start outsourcing till he became head of a very troubled and corrupt Olympics. Maybe this new direction of investment management came from running a corrupt Olympics off shore.
190 more days
July 15th, 2012
4:04 pm
Thanks Dog, I didn’t know either.
Mr_B
July 15th, 2012
4:13 pm
G-Mare
Even easier: Highlight the name of the webpage (URL) in your browser window.
Hold down the Crtl key (there’s one on each side of the space bar) and hit the “C” key ate the same time.
Now put your cursor back in the comment box and hold down the Ctrl key while pressing the “V” key.
The URL will show up as a link in the comment box.
BlahBlahBlah
July 15th, 2012
4:15 pm
I think it’s possible it’s overregulated and underregulated at the same time.
It’s overregulated from the standpoint of the sheer number of rules and regulations out there.
But it’s simultaneously underregulated because the government clowns at the SEC, CFTC, etc. don’t know what the heck they’re doing.
Harry Markopolos, the Bernie Madoff whistleblower, basically made that same claim years ago. He said the SEC and CFTC were a kangaroo court. I’ve seen nothing to disprove it.
At this point the best way to ferret out the fraud is to jack up the whistleblower rewards. But even then it’s doubtful the morons in the government will find the fraud. Markopolos handed it to them on a silver platter and they ignored it. Tim Geithner and the NY Fed were told of the LIBOR stuff years ago, and they ignored it.
Yet in Bookman’s fantasy land this is somehow a Republican issue.
Mr_B
July 15th, 2012
4:16 pm
Good afternoon, everybody!
G Mare
July 15th, 2012
4:16 pm
Thanks, but I am on an iPad. Maybe one of y’all can put it up. It’s a cool test!
Doggone/GA
July 15th, 2012
4:23 pm
“Thanks, but I am on an iPad. Maybe one of y’all can put it up. It’s a cool test”
Interesting that you can’t even do a simple copy/paste. I knew there was a good reason not to waste my money on those tablet “PC”s!
G Mare
July 15th, 2012
4:24 pm
I received it an email,,so will forward to Jay
Kamchak ~ Thug from the Steppes
July 15th, 2012
4:25 pm
http://www.isi.org/quiz.aspx
That it?
Oscar
July 15th, 2012
4:25 pm
http://www.isi.org/quiz.aspx?q=FE5C3B47-9675-41E0-9CF3-072BB31E2692&AspxAutoDetectCookieSupport=1
Mr_B
July 15th, 2012
4:26 pm
“Yet in Bookman’s fantasy land this is somehow a Republican issue.’
My monitor must be defective somehow… I can’t seem to find the word “Republican” in Jay’s post? Am I doing something wrong?
Tundra Dude
July 15th, 2012
4:27 pm
http://www.ehow.com/how_5948054_copy-paste-ipad.html
Recon 0311 2533
July 15th, 2012
4:33 pm
It’s true that Obama is a far left thinker and at very least a socialist believer. I don’t know if he goes all the way to Marxism but I would hope he doesn’t get a second term for the country to find out. Having said that I will say that Jay is not an idiot and calling him an idiot doesn’t compliment the conservative cause as it places us down at the same level as the more immature left wing bloggers on here. I disagree with Jay’s political views often but he’s entitled to his views and while those views may make him misguided they certainly don’t warrant calling him an idiot.
Kamchak ~ Thug from the Steppes
July 15th, 2012
4:33 pm
My monitor must be defective somehow… I can’t seem to find the word “Republican” in Jay’s post? Am I doing something wrong?
Reading comprehension immediately leaps to mind, not that I would in any shape, form or fashion label that wrong.
Kamchak ~ Thug from the Steppes
July 15th, 2012
4:41 pm
Damn.
My (well, not technically mine but the little suckers that hang around here) hummingbirds have devoured three cups of syrup in 10 days.
0311/8541/5811/1811/1801
July 15th, 2012
4:44 pm
This is good !
Headline: “Feds OK Florida’s access to citizens list, Scott declares ‘victory’ for voters”
Read more: http://www.foxnews.com/politics/2012/07/14/feds-ok-florida-access-to-citizens-list/#ixzz20j5HH6QP
http://www.foxnews.com/politics/2012/07/14/feds-ok-florida-access-to-citizens-list/
Recon 0311 2533
July 15th, 2012
4:44 pm
Kam,
I didn’t know that hummingbirds were such heavy drinkers.
Kamchak ~ Thug from the Steppes
July 15th, 2012
4:49 pm
Del
Generally I have to make food (3 cups water to 1 cup sugar boil briefly, allow to cool, 10-15 drops red food coloring) once a month.
Recon 0311 2533
July 15th, 2012
4:54 pm
Kam,
At first when I was a little kid I was terrified by hummingbirds until I discovered how gentile these little feathered critters really are.
marko
July 15th, 2012
4:54 pm
Thank you JamVet at 12:41, I’ve tried to point out the dangers posed to a free society when business and government start shacking up with one another. I’m a little jealous. yours was better written than my stuff. I hope it gets a ton of reads.
0311/8541/5811/1811/1801
July 15th, 2012
4:57 pm
Recon 0311 2533
Check out this blooper with the freeway in the top right background !!
http://www.youtube.com/watch?v=CxYaqmuus2M&feature=related
Kamchak ~ Thug from the Steppes
July 15th, 2012
5:02 pm
Del
Gentle?
There’s one female that sits in the tree in front of the house and fights any other hummingbird, male or female, that approaches the feeder. I’ve witnessed some real knockdown drag-outs.
I’ll stand there with the top window open watching, and once she hovered about two feet away and scolded me for a full 45 seconds.
Recon 0311 2533
July 15th, 2012
5:10 pm
Kam,
Guess then they’re not so gentle. I’ve been playfully buzzed by them but nothing aggressive.
0311/8541/5811/1811/1801
July 15th, 2012
5:15 pm
Recon 0311 2533:
This is a rare treat ………. Kammy exchanging with you civilly about hummingbirds.
Just once I was able to engage him in a semi-courteous exchange about a pistol he had bought.
Ya’ never know …………………………
Recon 0311 2533
July 15th, 2012
5:19 pm
0311/8541,
I watched “Combat” as a kid with my father and it may have inspired me to enlist in Marines. Impressionable youth, where did that get us when some lived and some died, while some are living with wounds that have altered their entire lives. I’m saddened for those young people of our children’s generation, who’ve been faced with the same thing for far too long.
Recon 0311 2533
July 15th, 2012
5:24 pm
0311/8541,
I’ve never had any contentious issues with Kam. Maybe because we’re both Irish.
0311/8541/5811/1811/1801
July 15th, 2012
5:28 pm
Recon 0311 2533:
All I can tell you is that I have the design for the yellow/red Nam ribbon for a license plate on the front of my truck. I will always be proud that I fought for the freedom of another people. I have posted this many times but the below quote also hangs on the wall to my right. I can’t say it any better:
“I have the sense from time to time that I am not alone, and I suspect that despite the limited understanding we have of events in distant places, there will always be those among us who have the gleam of the quest in their eyes. They are people of every sex and station and they yearn to be challenged to a cause. They will always be looking for that wrong to right, that ill to cure, that song to sing; and there will always be those who will go to arms in aid of the helpless and the downtrodden. Ignoring the political issues of the moment, these people will champion the weak and the poor in the face of evil and tyranny. And no matter what the outcome, in their romantic hearts they will always keep the secret, if secret it must be, that they are better men for having held the lamp beside the golden door”.
David Donovan “Once a Warrior King”
barking frog
July 15th, 2012
5:31 pm
Kamchak
I have fed humming birds
for years. When the feeders
get empty they will hover
at a door or window where
they can see you to remind
you to refill.
G Mare
July 15th, 2012
5:33 pm
Doggone, it is possible to copy/paste on the iPad, but I have yet to quite get how to do it.
Yes, that’s the test. I’m curious to know if any of you take it & what your scores are.
One tem wonder!
July 15th, 2012
5:36 pm
It is sad that a sitting President and his campaign has stooped as low as it has… Lying will get them nowhere…. Romney wasn’t President the last four years yet Obama is blaming him for outsourcing a decade ago… How about Oblama outsourcing just the last few years with our tax money…
Kamchak ~ Thug from the Steppes
July 15th, 2012
5:38 pm
The personal dynamics among the regulars here is very interesting to observe. That dynamic did a180 degree turn on the Penn St/Sandusky thread.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
frog
Several homes up here have feeders, and I suspect that my aggressive female tries to stand guard on every one.
She really is a mouthy little hen.
getalife
July 15th, 2012
5:39 pm
“George Lopez: ‘Mitt Romney Is a F***ing Latino and He Won’t Admit It’…” drudgey.
True.
Recon 0311 2533
July 15th, 2012
5:41 pm
0311/8541,
Most I knew who staid in did so for the combat experience and those who had no choice did so because they had no choice. I don’t recall anyone feeling as though they were fighting for the betterment of a people in a foreign land. Fighting for yourself and each other was/is the common thread of an infantryman regardless of wars they fought in.
barking frog
July 15th, 2012
5:45 pm
Kam
the air to air combat rivals
anything the top gun pilots
can do. once they learn the
feeders you can dispense
with the food coloring
unless you just like the
color. the alpha female is
probably feeding young
and will bring them to
feed too. i have seen as
many as 8 birds on one
feeder and combat was
on.
Fred ™
July 15th, 2012
5:46 pm
To Kammie and Del, get a room. (J/K lol)
http://www.youtube.com/watch?v=98LaApCB4l8
barking frog
July 15th, 2012
5:48 pm
Fred™
are you and Kyle sharing a
room yet?
Fred ™
July 15th, 2012
5:55 pm
G-Mare are you stupid?
LOL Just kidding. My wife got me an I-Pad and I haven’t a clue on how to do much of anything anything on it either. but i found this for you (and me). Seems like more of a pain in the butt than Copy/paste like you do on a PC but it is what it is. LOL I’ll probably forget before I ever try it on MY I-pad.
http://www.ehow.com/how_5948054_copy-paste-ipad.html
Fred ™
July 15th, 2012
5:57 pm
I dunno bark, are we? He deleted a post of mine when I objected to one of his little ass lickers calling me a liar. I sent him a complaint email but he lacked the balls to reply. I haven’t been back.
Why do you ask? You want pictures?
barking frog
July 15th, 2012
5:58 pm
Fred™
Please.
Fred ™
July 15th, 2012
5:59 pm
Oh and Bark? Have you seen Kyle’s blog photo? Judging by it, I’m not sure that he’s reached the age of consent so if we WERE sharing a room I wouldn’t tell
barking frog
July 15th, 2012
6:00 pm
Fred™
he looks and reads a little
cherry..
barking frog
July 15th, 2012
6:02 pm
Fred™
i do admire your refusal
to kiss and tell..
Fred ™
July 15th, 2012
6:03 pm
Kam and or barking frog: Can I just stick a pole in the ground and hang the feeder from it? How long does the pole need to be off the ground?
I know, I could google it but where is the personal exchange of knowledge in THAT? The male bondage?
(LOL When we were ready to leave the desert from Desert Storm our idiot SGT Major was giving us a lecture on how to greet our wifes or girl friends and he said, “I know you’ve enjoyed your forced year of male bondage but…..”
And yes, he WAS a complete ass. If there is a God I WILL see him in civilian life. I haven’t so far though……..
Fred ™
July 15th, 2012
6:04 pm
Barking Frog @ 6:00: LOL. Like a Sweet Cherry Pie.
http://www.youtube.com/watch?v=OjyZKfdwlng
barking frog
July 15th, 2012
6:11 pm
Fred™
you can hang the feeders
about anywhere since they
feed from ground level up.
the feeders attract bees
also so consider that.
Kamchak ~ Thug from the Steppes
July 15th, 2012
6:12 pm
Fred
I dunno about the pole in the ground, mine’s hanging from a bracket attached to the screened in porch.
I haven’t had any problems, but some people evidently have an issue with ants in the feeder. I noticed on amazon.com they sell ant moats. They’re plastic dishes filled with water that are between the hanger and the feeder.
Fred ™
July 15th, 2012
6:13 pm
Squirrels don’t try for them?
Fred ™
July 15th, 2012
6:15 pm
I could SO easily hang one from my screened in porch. My 10 yo daughter would love it. We had some bushes that attracted Hummingbirds but the had the most good awful long thorns on them so I cut them down. A nice replacement would be cool.
Kamchak ~ Thug from the Steppes
July 15th, 2012
6:20 pm
Squirrels eat seeds, not nectar.
If you want an effective squirrel proof bird feeder, want plenty of entertainment and have an extra $130, I suggest the Droll Yankee Flipper bird feeder.
This video is hilarious.
http://www.youtube.com/watch?v=dEW9TG6Dcgg
barking frog
July 15th, 2012
6:20 pm
Fred™
never had a problem with
squirrels but you never
know about the nosy
little pests. i have watched
hummers battle bumble
bees and yellowjackets.
G Mare
July 15th, 2012
6:22 pm
0311 @ 5:28, NICE!
Fred, ain’t stupid, just old. Yeah, I figured you were kidding. Love the iPad cuz I don’t have to get out of the recliner!
paulo977
July 15th, 2012
6:22 pm
josef
We’re not squeaky clean
______________________________________
I guess it’s OK for us as WE are the master race ?????
paulo977
July 15th, 2012
6:28 pm
Kamchak ~ Thug from the Steppes
July 15th, 2012
6:20 pm
________________________________
We had one but the squirrels just demolished it!!!!
marko
July 15th, 2012
6:29 pm
Which country has the best healthcare system? At the end of the day, it’s a what’s your favorite ice cream flavor question. A wealthy woman with blindingly white teeth, and the best boobs money can buy, might easily choose the good old USA. A poor fellow , treasuring his remaining tooth might feel a bit differently.
If you can afford it, Americas got a great heath care system. If you can’t afford it, Put your trust in God. Isn’t that our reaffirmed national motto. Reaffirm it again. God knows you’ve got nothing else to do.
If we should ever require a new national motto, I’d like to suggest “ thank you sir may I have another”.
Kamchak ~ Thug from the Steppes
July 15th, 2012
6:30 pm
paulo977
The first one I had was found at the foot of the tree with large teeth holes in it.
I figure it was pulled down off the tree by a bear.
marko
July 15th, 2012
6:32 pm
Squirrels, hummingbirds?
G Mare
July 15th, 2012
6:32 pm
I don’t have one of those cool flip’em off feeders, but have found that using something like Pledge on the pole periodically keeps it too slippery for the rodents.
G.I. Joe
July 15th, 2012
6:37 pm
Obama admitted to committing a felony by doing Coke – he lied to get his law license. One of the standard questions asked is have you ever committed a felony. If he had answered yes to the offense he would have been denied a law license. He has no place accusing anyone else of lying and committing a felony when he has done it himself.
F. Sinkwich
July 15th, 2012
6:44 pm
“He has no place accusing anyone else of lying and committing a felony when he has done it himself.”
Dude, he was never convicted, therefore he has no felonies to declare.
barking frog
July 15th, 2012
6:44 pm
G I joe
I believe that question would be have you ever been convicted of a felony.
Both lawyers and judges
can serve with prior
felonies that have been
pardoned.
Doggone/GA
July 15th, 2012
6:44 pm
“Obama admitted to committing a felony by doing Coke – he lied to get his law license.”
Nah, according to one of your compatriots here…he didn’t get caught and indicted, so he didn’t do anything illegal
marko
July 15th, 2012
6:45 pm
GI Joe, You sure as hell don,t have to worry about Mitts doing Coke. It’s got caffine in it.
marko
July 15th, 2012
6:51 pm
If adultery occurs in the forest, and nobody sees it, did it happen?
F. Sinkwich
July 15th, 2012
6:51 pm
bf can actually complete a thought before hitting the return key.
Who
would
have
thought
that?
F. Sinkwich
July 15th, 2012
6:52 pm
“If adultery occurs in the forest, and nobody sees it, did it happen?”
Nope.
G Mare
July 15th, 2012
6:55 pm
RIP Celeste Holm. My favorite movie with her: HIGH SOCIETY. Co starred Crosby, Sinatra, Louie Armstrong, & Grace Kelly, among others. IMO, one of the GREATS. Added bonus: Grace sings.
barking frog
July 15th, 2012
6:56 pm
WTF. Sinkwich
If i hit a key will you return
to your hidey hole?
marko
July 15th, 2012
6:59 pm
If a man says something in the forest, and his wife doesn’t hear him, is he still wrong?
Doggone/GA
July 15th, 2012
7:01 pm
“If adultery occurs in the forest, and nobody sees it, did it happen?”
Well…unless the participants were blind, the answer is yes…because THEY saw it.
Thomas
July 15th, 2012
7:03 pm
Squirrels need a better health care system or perhaps they need to stop jaywalking
G Mare
July 15th, 2012
7:04 pm
Marko@ 6:59: probably.
dbm
July 15th, 2012
7:05 pm
Oscar
July 15th, 2012
3:26 pm
I am more interested in clarifying fundamental issues than in advocating a particular solution.
I am also trying to get people to think enough about the positions they take.
I think the fundamental problem with our discussion is that Jay did not make clear enough what he meant by overregulation.
marko
July 15th, 2012
7:06 pm
G Mare,I was arfaid of that.
dbm
July 15th, 2012
7:08 pm
Doggone/GA
July 15th, 2012
3:56 pm
Can you show us where anyone said or implied that?
Kamchak ~ Thug from the Steppes
July 15th, 2012
7:11 pm
If a woman makes a definitive declarative statement in the woods and no one hears, will she still change her mind?
Oscar
July 15th, 2012
7:12 pm
G Mare
July 15th, 2012
6:55 pm
RIP Celeste Holm. My favorite movie with her: HIGH SOCIETY. Co starred Crosby, Sinatra, Louie Armstrong, & Grace Kelly, among others. IMO, one of the GREATS. Added bonus: Grace
_______
Have to say that my it was yar.
F. Sinkwich
July 15th, 2012
7:13 pm
“If i hit a key will you return
to your hidey hole?”
Probably not.
I’ll just continue to ignore your posts, just like everyone else does.
marko
July 15th, 2012
7:14 pm
Laws only matter when they’re enforced. regulations are the same. Those that cry about oppressive regulations have as much right to whine about them as we do to cry about the Speed limits on I-285.
marko
July 15th, 2012
7:17 pm
Enter your comments here
G Mare
July 15th, 2012
7:21 pm
Oscar, Indeed yar! One of my favorite parts, among many, was her duet with
Sinatra among the wedding gifts. Hey, nice to know someone remembers it as I do!
marko
July 15th, 2012
7:23 pm
I’m sorry sorry did I say that businesses have the same right to complain about regulations as I do about speed limits? I see cops every day. When’s the last time you saw a OSHA inspector?
Vast Right Wing Conspiracy
July 15th, 2012
7:23 pm
80% Democrats, minimum.
Kamchak ~ Thug from the Steppes
July 15th, 2012
7:27 pm
Witchie-poo believes he speaks for people other than himself.
Witchie-poo is wrong.
Witchie-poo wasn’t granted that authority.
G Mare
July 15th, 2012
7:28 pm
Yeah, Marko honey, live & learn. First lesson: don’t piss off the wimmen. We have long memories & we vote.
I hope you do know that I am teasing you. I am an OLD woman so I am allowed to do that.
marko
July 15th, 2012
7:37 pm
Forget about raising taxes, just hire enough enforcement officers to ensure complience with existing laws, and we’d eliminate the deficit and unemployment in a single stroke. What if businesses were really concerneded about the regulations they whine about? Last I heard Black Lung was alive and well, and living in Kentucy.
marko
July 15th, 2012
7:40 pm
G Mare, I’m not a old man yet, though i have noticed one looking back at me in the mirror.
G Mare
July 15th, 2012
7:41 pm
Kam@7:11, you have a problem with that?!? From all the posts here in the past several months, I know you don’t. I get that you just couldn’t help yourself. IMO, you are among the goods guys here. But sometimes the “low hanging fruit” is just too much to resist. And, appropos of nothing in this post, do watch HIGH SOCIETY. It is truly a lovely movie.
Kamchak ~ Thug from the Steppes
July 15th, 2012
7:46 pm
G Mare
Yeah, it was a low hanging fruit thingie but I figured as long as we’re spoofing gender stereotypes — what’s good for the goose, is good for the gander.
Besides, I adore wimmen and I adore y’all for everything y’all are.
G Mare
July 15th, 2012
7:49 pm
Yo, Marko, I SO get that! When I look in that mirror, I see my mom. I loved my mom, but eewwew! I surely never planned for this. Well, the old adage says, “we plan, god/goddess laughs.”
weetamoe
July 15th, 2012
7:53 pm
So it has come to this: Obama says *you think you’re so smart.* He said *whole bunch* a whole buncha times again over the weekend, too. Does Jay Carney know what that all means in constitutional law professor shorthand?
Kamchak ~ Thug from the Steppes
July 15th, 2012
7:58 pm
He said *whole bunch* a whole buncha times again over the weekend, too.
Did he, or anyone in his administration say the smoking gun is the mushroom cloud?
marko
July 15th, 2012
7:58 pm
G Mare, I wish I had something rosy and optimistic to share with you, but Einstein assures me that deaths the only cure for old age.
barking frog
July 15th, 2012
8:00 pm
WTF. Sinkwich
Thanks.
Keep Up the Good Fight!
July 15th, 2012
8:01 pm
so today Obama is a constitutional law professor and not just a community organizer… wonder what the wingnut email has in store for a new diatribe…
Tundra Dude
July 15th, 2012
8:03 pm
weetamoe wrote:
Does Obamacare cover hospitalization for Enormous Disappointment?
You mean your Love life………got E.D.?
I hear registered D’s will get the Cadillac treatment, viagra.
You’ll only be eligible for the Yugo remedy, duct tape and 2 Popsicle stix.
Kamchak ~ Thug from the Steppes
July 15th, 2012
8:04 pm
… wonder what the wingnut email has in store for a new diatribe…
Marxist, Kenyan, socialist, fascist intent to overthrow the U.S. govt. and force us all to get gay married then make us have abortions.
But I wouldn’t call that “new.”
Keep Up the Good Fight!
July 15th, 2012
8:07 pm
Definitely not new…. maybe they could incorporate “retroactive resignation” into it.
marko
July 15th, 2012
8:07 pm
That sounded a bit pessimistic didn’t it? I’m anything but a pessimist. I firmly believe that if you live long enough, something might go right. I just can’t prove it yet. Good night moon.
martin the calvinist
July 15th, 2012
8:11 pm
I can’t believe I agree with Jay again, I must be getting sick,
anyway, my two concerns are, at what point do we regulate so much that we end with gov’t control of the banking system and two, every well intentioned law has unintended and bad consequences that harm us…..
I have to ask though, how come there is no scrutiny on what the fed reserve does and they are pretty much not critized for anything they do, I mean, my lower middle class dollar keeps going down in value faster than I can make up ground?
TaxPayer
July 15th, 2012
8:30 pm
I’m trying to figure out which financial industry regulations the Republicans are concerned about. Is there a link to a list available.
G Mare
July 15th, 2012
8:38 pm
Popsicle sticks?!?! Too funny.
Reminds me of the old adage popular among feminists lo these many years ago : a hard man is good to find. We were never about hating men; we wanted, & often found, men who valued us for more than our body parts & cooking skills.
JamVet
July 15th, 2012
8:40 pm
marko, thanks for the shout out earlier.
And dbm, I also appreciate your response.
Alas, as a self employed schmuck, I’ve worked a lot today. And loved it.
You know what they say, “Be careful what you wish for, you may get it!”
And I’ve got plenty more to do before I sleep, so really can’t play much tonight.
But this one popped into my head a while ago (for no reason) and I thought I’d share it with the gang…
http://www.youtube.com/watch?v=wuz0ZoZzziA
Doggone/GA
July 15th, 2012
8:43 pm
“I’m trying to figure out which financial industry regulations the Republicans are concerned about.”
You’re not supposed to get bogged down in details!
TaxPayer
July 15th, 2012
8:49 pm
You’re not supposed to get bogged down in details!
Details! The bane of the GOP.
G Mare
July 15th, 2012
8:51 pm
Just had what must have been a robo call. Have discovered that if I answer but don’t say anything, the call will terminate. Seems to me that the robot must be voice activated, so if I don’t speak, it won’t either. Ah another small victory over technology.
Doggone/GA
July 15th, 2012
8:56 pm
“Have discovered that if I answer but don’t say anything, the call will terminate.”
I got an answering machine years ago. I never answer the phone until I KNOW who’s talking.
Taxman
July 15th, 2012
9:01 pm
Taxpayer, you’re still trying to distinguish between your ass and a hole in the ground.
ha ha
TaxPayer
July 15th, 2012
9:12 pm
Such wit, Taxman.
0311/8541/5811/1811/1801
July 15th, 2012
9:13 pm
Recon 0311:
“Most I knew who staid in did so for the combat experience and those who had no choice did so because they had no choice. I don’t recall anyone feeling as though they were fighting for the betterment of a people in a foreign land. Fighting for yourself and each other was/is the common thread of an infantryman regardless of wars they fought in.”
I hear you but I can only relate my experience. One usually signs up for a “larger cause” but as you know when it hits the fan you are fighting for yourself and those on either side of you. If you knew upfront you were signing up for what can “really” happen ………….. you would never sign. That’s why there are nice looking uniforms and bands to march you off to war.
That’s just the way it is.
If you have not read this book ……….. for someone like you it’s a must:
“What It’s Like to Go to War” by Karl Marlantes
http://www.goodreads.com/book/show/11290708-what-it-is-like-to-go-to-war
0311/8541/5811/1811/1801
July 15th, 2012
9:29 pm
Arab Spring:
“CAIRO (Reuters) – Protesters threw tomatoes and shoes at U.S. Secretary of State Hillary Clinton’s motorcade on Sunday during her first visit to Egypt since the election of Islamist President Mohamed Mursi.”
Redneck Convert (R--and proud of it)
July 15th, 2012
9:32 pm
Obama 332
Romney 206
Real Clear Politics, Map with No Toss-up States
D’ooooooooh!
Kamchak ~ Thug from the Steppes
July 15th, 2012
9:38 pm
Headline:
Gooey drudgey goodness rabbit holes next few hours.
Proceed with caution.
getalife
July 15th, 2012
9:43 pm
Four more years!
No apology.
JamVet
July 15th, 2012
9:46 pm
I hear you but I can only relate my experience. One usually signs up for a “larger cause” but as you know when it hits the fan you are fighting for yourself and those on either side of you. If you knew upfront you were signing up for what can “really” happen ………….. you would never sign. That’s why there are nice looking uniforms and bands to march you off to war.
“…my God, that’s all she talks about.” ~Joe Walsh, R-Illinois
0311/8541/5811/1811/1801
July 15th, 2012
9:46 pm
Headlilne:
Gooey hummingbird stories next few hours.
Proceed with caution.
0311/8541/5811/1811/1801
July 15th, 2012
9:47 pm
Excuse me: “Headline”
0311/8541/5811/1811/1801
July 15th, 2012
9:47 pm
JamVet:
Two points:
1) I was answering a question for Recon.
2) I am not running for office.
0311/8541/5811/1811/1801
July 15th, 2012
9:49 pm
Headline (CBS): “Egypt’s military raises stakes against Islamists”
This will get interesting ……………………………
barking frog
July 15th, 2012
9:52 pm
0311
2) I am not running for
office.
…
why not?
0311/8541/5811/1811/1801
July 15th, 2012
9:52 pm
Headline (NBC) : “Christians snub Cairo meeting with Clinton, claim US backs Islamists”
“Prominent Christian Egyptians snubbed Secretary of State Hillary Clinton on Sunday because they feel the U.S. administration favors Islamist parties over secular and liberal forces in society at the expense of Egypt’s 8 million Christians.”
0311/8541/5811/1811/1801
July 15th, 2012
9:53 pm
barking frog:
Because I have seen personally, upfront, first hand what the process is and what it does to a person and their family.
Kamchak ~ Thug from the Steppes
July 15th, 2012
9:53 pm
And I hope when I get old I don’t sit around thinking about it
but I probably will
Yeah, just sitting back trying to recapture
a little of the glory of, well time slips away
and leaves you with nothing mister but
boring stories of glory days
Oscar
July 15th, 2012
9:54 pm
G Mare
July 15th, 2012
8:38 pm
________
Correction. You found men who were good at lying and fooled you.
Oscar
July 15th, 2012
9:55 pm
Kamchak ~ Thug from the Steppes
July 15th, 2012
9:53 pm
_____
Uh, they really are not all that boring.
barking frog
July 15th, 2012
9:56 pm
0311
you would be a good
candidate.
0311/8541/5811/1811/1801
July 15th, 2012
9:57 pm
or ………………. boring stories of hummingbirds.
0311/8541/5811/1811/1801
July 15th, 2012
9:59 pm
barking frog:
I might be a good candidate but I would stand little chance of being elected to anything because I “call ‘em like I see ‘em”.
You can’t do that (liberal or conservative) and be in politics. You basically have to learn how to lie well and that is a shame.
I have been in the front seat of the limo (both Dems. and Repubs.) when the candidate and the staff in the back are discussing how to answer a particular question depending on the group they are going to address ………….. vs. the truth.
It’s actually quite sickening.
0311/8541/5811/1811/1801
July 15th, 2012
10:02 pm
“Every man thinks meanly of himself for not having been a soldier, or not having been at sea.”
Samuel Johnson
getalife
July 15th, 2012
10:03 pm
You have to be an adult that can take it scout.
You will not see Hillary whine or ask for an apology.
barking frog
July 15th, 2012
10:05 pm
0311
there are candidates who
do not operate that way
campaigning or in office.
JamVet
July 15th, 2012
10:07 pm
My bad.
“…my God, that’s all those two talk about!”
bluecoat
July 15th, 2012
10:07 pm
Coons will get to the HB feeder if possible.That’s RAC
G Mare
July 15th, 2012
10:20 pm
Oscar @9:54, we did not take them at “face value,” my dear. No fools we! Non sequiter: So did you check out that test yet? As you are among the more intelligent here, this inquiring mind wants to know. No, seriously, not being snarky.
getalife
July 15th, 2012
10:22 pm
My dog brought me a baby possum.
It was playing possum so I took it outside and it ran home to his family.
We have a raccoon the size of my dog.
0311/8541/5811/1811/1801
July 15th, 2012
10:47 pm
barking frog @ 9:56
You’ll have to name me one.
0311/8541/5811/1811/1801
July 15th, 2012
10:47 pm
JamVet:
http://www.youtube.com/watch?v=SKRma7PDW10&feature=related
getalife
July 15th, 2012
10:50 pm
That is politics scout.
You could run and tell the truth.
For one term.
U know it
July 15th, 2012
10:58 pm
Was Samuel Johnson a battle tested individual or speaking of his own guilt for some reason or another?
U know it
July 15th, 2012
11:04 pm
“How is it that we hear the loudest yelps for liberty among the drivers of negroes?”
Is the same Samuel Johnson?
Wonder how he would have been received by some of our Founding Fathers?
Oscar
July 15th, 2012
11:05 pm
G Mare
I took the test.
Score is pasted below.
You answered 33 out of 33 correctly — 100.00 %
Oscar
July 15th, 2012
11:12 pm
G Mare
July 15th, 2012
10:20 pm
____
Glad you could smoke out the bad ones.
My motto: Trust everybody, but make them cut the cards.
G Mare
July 15th, 2012
11:29 pm
Way to go, Oscar! I missed 5 & figured I did pretty well against the average. I bow to you, sir!
G Mare
July 15th, 2012
11:34 pm
Doggone, yes I do have answering machine & caller id, but it is still kinda fun to mess with ‘em.
Katz P. Ajamas
July 16th, 2012
4:05 am
Industry loves regulation. It protects the big fish from competition. How many of you have a clue as to how the regulations are written? Reduce manipulation and fraud to what it is, theft. Arrest the perpetrators and put them in jail. It des no good to fine a corporation a few million dollars over the theft of billions by individuals.
Normal Free...Pro Human Rights Thug...And liking it!
July 16th, 2012
6:17 am
Good morning all y’all…hope y’all had as good a weekend as I had!
To the topic, it seems to me that if they are so hot to regulate the sin of being a woman, the least they could do is regulate the sin of greed.
Normal Free...Pro Human Rights Thug...And liking it!
July 16th, 2012
6:20 am
Obamacare!
http://news.icanhascheezburger.com/2012/07/13/political-pictures-boehner-tanless-summer/
Normal Free...Pro Human Rights Thug...And liking it!
July 16th, 2012
6:22 am
Obamacare?
http://lolcats.icanhascheezburger.com/2012/07/15/funny-cat-pictures-not-only-will-this-hurt/
Normal Free...Pro Human Rights Thug...And liking it!
July 16th, 2012
6:26 am
Bohner when asked “What will you replace Obamacare with?”
http://lolcats.icanhascheezburger.com/2012/07/13/funny-cat-pictures-er-meh-gerd/
Willie
July 16th, 2012
7:19 am
Jay is so dumb that he still thinks that more and more government is the solution to our problems. The truth is that he does not care about the people who are suffering, the businesses that are floundering, the investments that are not being made. He so badly wants a government run country that he is indifferent to the suffering of the people which will come as a result. He is glad to see the loss of liberty since he would rather have us told what to do than have freedom. Jay is a true believer, a fundementalist of the first order. It’s just that his God is the state.
Jay
July 16th, 2012
7:25 am
Sounds like the basis of a parlor game, WIllie:
“Jay is so dumb that he (flll in the blanks).”
Meanwhile, SHEETS!
Jeff Pruett
July 16th, 2012
12:09 pm
How can all this be true? Ask Joseph Goebbels.
Z
July 16th, 2012
2:36 pm
It was Phil Graham, a Republican who drew up the bill to do away Glass Steagall. Since that time the banks, and other money sources have had a free rein to do as they darn well please, with virtually no regulation. The whole banking system has become corrupt because of not enough regulation and that is the bottom line. The old saying is true, give them an inch and they will take a mile and in this case, many miles. If congress can’t get their act together and fix the banking problem in this country, we will continue to see massive losses.
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July 18th, 2012
10:01 pm
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