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.
Now the FBI has been sent in to investigate the loss. What I want to know is, when will the Feds arrest Jon Corzine for grand theft and embezzlement? Never as long as Eric Holder and Barack Obama are running things.
yea i see clips of potus discussing jp morgans current snafu on tv today but nothing of mf global's imploded hedge fund, where's the press?
haven't read the 21 tweets yet -- any synopsis out there?
[note . . . i like Banks :), i like paper money :), everybody wants money, the more the merrier, as long a one is free to trade in the precious metals and whatever other evolved coordination of trade take place . note* that doesn't cover all the bases but i felt compelled to include it in the commentary. money is our friend but it ain't everything, although it can sure look like it sometimes] [the messenger more than the message, is what money is. ever read a pithy synopsis of the 'evolution of money'? Carl Menger's chapter is a good start] [evolved languages of trade]
just a short chapter. forget the intro and 1st chapters, that's like calculus, and all though it is a hazy approximation of things, in ain't really what's happening when you figure in all the components -- cf Berkeley's screed (but bishop sir, it helps us build bridges!)
hayek helps too, but please disregard if you are not open to enlightenment. there's something 2b said for proto, always, yet we live in a different woirld than just 100 years ago -- sure there's plenty of deductive still 2b mined, yet we have inductive too, at our disposal
In attendance, the heavy hitters of the "Managed Funds Association" which is the lobbying arm of the collection of bear-raiding hedge-fund short-sellers whom the Financial Times has calculated are costing global investors about 1.9% of global GDP annually.
Politics is leeching into commerce so steadily it almost seems to be a conditioning process.
FBI just announced it will investigate the case. What case? Did they break any laws? Probably --there's just so many of 'em, the only way to stay cleasr of scandal is to suck up to the admin agency --IOW, do NOT criticize Dodd Frank from the position of CEO of a TooBigToFail, or at least, do NOT be the only one of your peers so doing.
It's right there in plain sight, in Miami at the moment, the Managed Funds Association --whose huge short against USA still as five years ago forms the atmosphere in the control room of the economy --holds ''secret'' meetings --in the clear, with the left wing of the Democratic Party!
THAT is the main message!
--which they as usual adroitly mask (with the fourth estate, remember, of the four estates which govern, the only 'independent' and so able to 'report' on the other three --abjectedly managing itself 'against interest' & per instruction) via describing the meetings-within-THE-meeting as 'secret'.