We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
...too many modern liberals bristle when we suggest that checks, limits, and restrictions must be placed on this government largess. “Why,” I have been asked, “should I have to provide proof for some sort of means test in order to receive assistance funded by tax dollars?” Indeed, these same people will question why there should be limits on welfare payments or how we can expect recipients to begin working after a period of time in order to receive such benefits.
“Nailing these guys should be the government’s top priority,” Cramer said.
These bear raiders took heavy short positions in the banks, then spread rumors of their supposed impending collapse as a way to generate tremendous profits. And they almost wrecked an entire sector of the US economy in the process. Cramer was adamant about finding the people responsible and making them pay for it.
It shouldn’t be too hard to do, he said. The government has tapes, but hasn’t yet revealed any potential incriminating evidence on them. There are also brokerage tapes that record every trade. A simple review could produce a long list of potential defendants.
Cramer would never excuse Galleon’s misdeeds, but insider trading is often viewed as a victimless crime. But these bear raiders hurt us all, he said, “and right now they look like they’re going to get away scot-free for doing it.”
So “let’s pursue them as aggressively as the government is pursuing Galleon,” Cramer said.
"The government has tapes, but hasn’t yet revealed any potential incriminating evidence on them. There are also brokerage tapes that record every trade...."
Does anyone believe that if there was no plitical angle to the September 08 Panic, that these perps and this crime would in October 09 still be so obscure and mysterious?
(this is a memo to self to return and say a couple things about today's last hour selloff, and that it was set off by revelation of some enormous loan losses at Wells Fargo, which have been kept off the balance sheet by a new accounting line that shares much with the "Doctor's Rule" that congress voted down today --all variations of the Enron off-books FASB legal abuse developed by ...oh hell, later. anyhoo the WFC loan losses are courtesy of Soros pals the Sandlers, their "Pick a Payment" product at Golden West, which they sold to at the top of the mkt to an accomplice inside Watchovia (the soon-fired CEO), which then as a result of GW bellied up and sold some of its book to WFC, where an analyst named Dick Bove noticed the "Pick-a-Payment" sitting in a 'special" account, and then downgraded WFC (which brought notice that another earnings announcer today, peer Morgan Stanley, tho it claimed earnings, extremely oddly did not produce a balance sheet in its report), which then immediately rolled over the market today --and i'm sure will make it bleed hrd tomorrow.
Sins, thefts, cons, swindles, lies, lies, lies and lies. It just makes one sick, to know the Sandlers built up this poisonous mess under the protection of friends in the congress --who like the Sandlers are all wide-eyed "who, me?" and, as Ayers said of himself "free as a bird".
Good old Polonius told Hamlet "neither a borrower nor a lender be." My good old father was less elegant but more far sighted. "You let someone loan you money, they'll think they own you and can tell you what to do."
That's what the Democrats are trying to do to the companies and banks they've loaned our tax money to, in order to 'bail them out.' Now the Administration is planning to extend the loans, and their power play, to smaller banks and companies. No good can come of this, for these commercial entities and for us. They loaned these commercial entities money so now they own them. It's all part of the power and control thing that the Democrats are trying to do in every area, from our health care, to how we heat and cool and light our houses [cap and trade], to what we entertain ourselves with on television, to what we read and how we express ourselves on the Internet, and, last but not least, what legislators we vote for.
Such sweeping changes have taken place. In an eight month period, the country and its people are being relentlessly shoved toward a socialistic/communistic society. When we protest, more than a million strong in Washington on 9/12, they simply ignore us as if we didn't exist, and plod forward on their mission to destroy democracy as it has existed in this country for more than 200 years. The arrogance of them is only exceeded by their ignorance.
Today is the birthday of the USS Constitution, that grand old vessel from a braver simpler time. What would those sailors think if they could see us now?