Saturday, December 6, 2008
Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody bites into a turd and discovers the crime. Suddenly nobody trusts American chocolates anymore worldwide.
Hank Paulson now wants the American taxpayers to buy up and hold all these boxes of turd-infested chocolates for $700 billion dollars until the market for turds returns to normal. Meanwhile, Hank's buddies, the Wall Street criminals who stole all the good chocolates are not being investigated, arrested, or indicted.
Mama always said: 'Sniff the chocolates first, Forrest'.
Quote from a fund manager: 'This is worse than a divorce... I've lost half of my net worth and I still have my wife…'
The bailout, a different perspective:
Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the nation’s economy (and the world’s) to a pack of nit-wits who couldn't make money running a whore house and selling booze?
Yeah, I feel REALLY good about this…
Thursday, November 13, 2008
Wednesday, October 29, 2008
Saturday, October 11, 2008
Although I've always thought of myself as being a real, oxygen breathing human, to my dismay I found myself blocked from Blogger the other day. I was notified that the automatic SPAM DETECTOR had determined that I was, from all indications, a ROBOT...or something, not human in any event!
At first I was rather upset, especially when I responded to the block and was assured that since I was answering the block...I probably was indeed a REAL PERSON...but for clarification purposes, I would not be allowed access to my blog until it had been inspected by a staff member..hopefully a real human and not their robot program!
Evidently I have indeed passed this inspection and been certified as HUMAN. Just wondering...has anyone else here in Blogger been subjected to this...because, for the life of me...I can not figure out what triggered this!
Saturday, October 4, 2008
Thirteen years to the day, acquitted of the horrendous murder of his wife and her friend, OJ has been found guilty of all 12 counts against him in the Las Vegas hotel robbery and is shown being handcuffed prior to being led to jail.
I hated the thought that such an icon had committed murder and reserved judgment until the evidence was presented and only then was I forced to come to terms with the idea he had indeed
But, that being said, I am bothered by this latest conviction for armed robbery and kidnapping.
The next ten paragraphs are from AP reporter Linda Duetsch:
quote: Simpson, who now lives in Miami, did not testify but was heard on a recording of the confrontation screaming that the dealers had stolen his property. "Don't let nobody out of this room," he declared and told the other men to scoop up his items, which included a photo of Simpson with former FBI Director J. Edgar Hoover.
Four other men charged in the case struck plea bargains that saved them from potential prison sentences in return for their testimony. Some of them had criminal records or were otherwise compromised in some way. One, for example, was an alleged pimp who testified he had a revelation from God telling him to take a plea bargain.
Memorabilia dealer Thomas Riccio, who arranged and secretly recorded the hotel-room confrontation, said he netted $210,000 from the media for the tapes.
Similarly, minutes after the Sept. 13, 2007, incident, one of the alleged victims, sports-memorabilia dealer Alfred Beardsley, was calling news outlets, and the other, Bruce Fromong, spoke of getting "big money" from the case.
Simpson's past haunted the case. Las Vegas police officers were heard in the recordings chuckling over Simpson's misfortune and crowing that if Los Angeles couldn't "get" him, they would.
During jury selection, Simpson's lawyers expressed fears that people who believed he got away with murder might see this case as a chance to right a wrong.
As a result, an usually large pool of 500 potential jurors was called, and they were given a 26-page questionnaire. Half were almost instantly eliminated after expressing strong feelings that Simpson should have been convicted of murder.
The judge instructed the jurors to put aside Simpson's earlier case.
In closing arguments, Galanter acknowledged that what Simpson did to recover his memorabilia was not right. "But being stupid, and being frustrated is not being a criminal," he said.
He added: "This case has taken on a life of its own because of Mr. Simpson's involvement. You know that. I know that. Every cooperator, every person who had a gun, every person who had an ulterior motive, every person who signed a book deal, every person who got paid money, the police, the district attorney's office, is only interested in one thing: Mr. Simpson." end quote.
This Thomas Riccio sure went to a great deal of trouble to be sure he had the room wired for voice recordings. Why? Greed has interjected itself into what on the surface was made to seem an "unexpected robbery".....or was it unexpected? This is what bothers me about this conviction....it smacks of "set up" to me. You may say he got away with double murder the first time....BUT...does this justify the means used to "get him" now?
These are just my own personal thoughts here and perhaps I am being extremely naive in this matter. What do you feel about this verdict..leaving out your feelings that he indeed escaped the first time around?
Sunday, September 28, 2008
Will this new bailout plan truly make a difference? I am not convinced that it will. Greed will again raise its ugly head and nothing will have changed. A better plan by far is one making the email circuits just now...although its math does seems to be in error.
Seriously though, the thinking behind the plan is a far better concept for every legal citizen in the U.S. than bailing out Wall Street. What if our government instead gave us, say $40,000.00, for one to three years. How many personal debts would be cleared and free up money for those high dollar purchases needed to really boost our economy? Think about it...most people today are stretched so thinly money-wise just from putting gas into their automobiles and food on their tables that spending money for other items has completely fallen by the wayside. I don't know about your financial situation, but $40,000.00 would go a very long way to solving my own personal debts! What about you...what could or would you do...with some REAL money...not a ridiculous $1,000 tax payer bribe?