Maggie's Farm

I have no trouble at all seeing it as a part of the deliberate attack on the free market that you can look into by searching 'the Freeman Report' --for starters.

Look into why Gary Gensler recused himself from the case, Bulldog. MF Global was hustled into the fast lane as soon as Corzine got defeated by Christi. The list of special treatment is perfectly designed to allow another 'head case' CEO --like Cassano at AIG London and Dick Fuld at LEH, to go wild for a short length of time, during which the sales forces in all three cases were suddenly granted bonuses three and five times greater than normal, before 'all fall down' --on the strength of huge overlevering right under the noses of regulators --Gensler, Shapiro, Geithner, the usual SEC, NY Fed which licenses the dealers, and in MFG's case, the Commodity Futures Trading Commission --Gensler the chair. Look at Gensler's bio --the wiki if nothing else. And the mechanicals --off balance sheet liabilities, LEH's 'Repo 501', a replay of Enron designed by Gensler when he was at Goldman Sachs on leave to Enron. MFG's same trick, but stashing the trash in Euro bank sovereign debt --now that Repo 501 is 'closed'.

Notice the planted international articles --Russia's down spiral demographics, China's miff at a Marine brigade basing awhile in Oz. Baloney --the energy situation in USA re Obama is just what they want, for their own reasons --and Obama is executing their foreign policy in nearly every way imaginable.

OBAMA DELAYS OIL SHALE, KILLS 200,000 JOBS. “President Obama’s United States Department of Agriculture has delayed shale gas drilling in Ohio for up to six months by cancelling a mineral lease auction for Wayne National Forest (WNF). The move was taken in deference to environmentalists, on the pretext of studying the effects of hydraulic fracturing.”

Posted at 12:49 pm by Glenn Reynolds

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add that to the BP shutdown, and the Keystone shutdown.

In each case, the only way to deny the half-century of voluminous records that are the evidence of the safety and utility and economic tailwind provided by drilling 45,000 post WW2 wells in the Gulf, 25,000 miles of pipelines across the Ogallala, and 50 years of fracking ordinary 'tight' pay zones a mile or more far below the cased-off water-well depths, is to simply deny them, without comment. Something that only someone like an Obama --raised by a screaming harridan grandmother from the exploiting race and learning thus early on how to pull inside himself --could do.

Now we know why he was picked.

stories are out there --read 'em, in 2008. tongue-lashing in public places, witnesses interviewed. I gotta go out --running out of daylight and must tend my exersize resolve or bury it evermore --or i'd do some search on it. maybe later.

That's the story, alright. What you're 'spose to believe in your intellect --while down below in Gutsville something is rumbling.

They can't very well say the idea is to discredit capitalism right during the Occupy Movemment and while the Eurozone is rolling over, and an election is a year away.

...a booster shot. After 2008.

--i hear ya --and you're right --the type of conspiracy to which you allude is improbable. And at the other end of the definition, where a political party sets the conditions where human nature takes over and more or less unknowingly executes a general plan, is known as ''politics''.

But do look into the Managed Funds Association, wouldja? Sometime when you're of a mood.

No market-wide manipulation needed --just a CEO with the power to leverage capital and plenty of insurance among cross-linked counterparties of the credit-default-swap variety, insuring the sums of that leverage.

The 'stupid cupid' theory has to believe that what happened in 2008, that resulted in a corrective of 2,500 pages that is resulting in hundreds of new regulations, Dodd-Frank that is, still somehow managed to forget to prevent its own reason for being, and with MFG let the exact same thing happen all over again, with more or less the same cops on the beat, and with the added fillip of simply pulling client cash from one bank to another, the second an account that the money's former owners cannot access.

Dodd-Frank's other two objectives-of-record (that is breaking up the 1998-2008 Too Big To Fail free-market surrender sequences, and lastly raising the transparency of dealer-to-dealer transactions so that the public's potential borrowers could know the nature of the systemic risk-on) were also somehow forgotten, in favor of a Ling-Chi (half the regs, over a year after D-F passed, are still unwritten and thus hanging fire, by the body that was able in no time at all to slap together Stimulus and ObamaCare) on the 8,000 banks not TBTF, with the effect that a huge part of the economy --collateral-based small-biz lending --has frozen on the inability of terrified and understaffed lenders to price the collateral (establish the loan-to-value ratios) what with almost all real-estate markets caught in a spiraling price-collapse with no clear end in sight.

PS, the point is, that array of D_F regs, 600 to 800 new regs, each one needing to be airtight, the last of them promised to go into effect (often retroactively) is an approach to the problem of what (Ralph Nader says is about) 150 persons did to global markets culminating in 2008, that is so important it is worth years more of enormous economic destruction possibly existential to the western market economies and the US Dollar.

This approach is THAT important, SO important that the time-decay of economies being crushed by loss and unemployment while waiting for the regulations to be written is of a clear enough lesser importance that there is no question that the time-decay risk and loss are worth it.

Yet the committees charged with the writing haven't thought to double their staffs and halve their delays?

Conspiracy? How many would have to design the above-described approach, and communicate it via innocent-sounding and even hyper-responsible marching orders that would have to be no more incriminating than what we the people were and are being told, that ''this time we are determined to get it right, we are going to make sure that these banks can't do this to the people again'' associated with ''we are trying to do what we can to avoid waste and are trying to operate congress as per the new austerity the people demand''.

Meanwhile several hundred thousand small businesses that might otherwise be hiring and moving things in the markets, watch the calender for November 2012 and sullenly mark time at best, and at worst slowly liquidate themselves, as the unemployment and consumer confidence, not to mention M3, deteriorate.

And the administration can, and does, say, "What, you want more carelessness? After all that happened because of the previous administration's carelessness?''

I say, if the admin was not trying to topple the economy and the Dollar, Dodd-Frank would have taken a month, not 18 months, to write, and the 800 regs would have been maybe about 8 (the non-TBTF lenders average 30 employees -should not regs be written to that reality?), and would have been in force by Easter of 2009 (if not on Inauguration Day).

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...and Dodd-Frank as a disguised attack (by circumstanctial effect rather than in/by the ordinary description), is just one among many clues as to the intent behind what this 'here's our lucky-chance' president's handlers are doing.

IMHpO, that is (small 'p' for paranoid).

Correction,

PS, the point is, that array of D_F regs, 600 to 800 new regs, each one needing to be airtight, the last of them promised to go into effect (often retroactively) 'by the end of 2012, or early 2013' is an approach to the problem....