Emperor spurns villagers: “You’re all liars!”
The crystal clear Mr. Colin Barr from Fortune Magazine was on C-Span this morning. I love to hear people talk who know what they are talking about and in relationship to finances, Mr. Barr knows what he is talking about.
Fannie Mae and Freddie Mac were nationalized to appease China.
Two billion a year goes overseas just to keep America rolling along amongst other insightful enumerations.
And I swear I saw this headline displayed on the show this morning that there are no U.S. plans to co-ordinate with G-7 members. After searching other headlines this morning, I was not able to find it. I thought it was the NYT but it was not. I know I saw it. That headlines peaked my interest especially after seeing the article Mr. Paulson has appointed on a temporary bases thirty five year old Neel kashkari to help monitor the seven hundred billion dollars he and Mr.Benanke bilked, as some would say, out of our treasury. Mr. Kashkari is presently Assistant Treasury Secretary with limited experiences. As I recall, it is less than seven years.
In my opinion, America wants to get out of this **stew of their own making smelling like a rose. The Neo-cons want to protect their coffer the best they can and other countries are saying, “No, no, no by my chinny, chin chin”. After being duped into the Iraqi war, cohered into buying sub-prime loans and being exposed to farts in the economic board room, America would be lucky to only come out of this with a bloody nose. England has already done their thing. PM Gordon Brown said he is going to protect the UK’s economic interest by any means necessary so they nationalized some or all of their banks. I do not know how America can any longer compete monetarily with the UK or any country that has nationalized its banking system and if our boys are depending on thirty five year old inexperienced Neel kashkari to bring us out of this turmoil, I say, “Lord, help us!” I can only hope he is as brilliant as Sen. Obama.
Fighting for the dignity of my Ancestors,
God bless Bill Gates, WPFW, C-Span and the spirits of the unborn for the help,
BB
*v. spurned, spurn·ing, spurns v.tr.1. To reject disdainfully or contemptuously; scorn. See Synonyms at refuse1.2. To kick at or tread on disdainfully.
http://www.thefreedictionary.com/spurn
** The Bungled Bailout (Or the Perils of Paulson)
Kevin Phillips
Posted October 8, 2008 | 02:49 PM (EST)
http://www.huffingtonpost.com/kevin-phillips/the-bungled-bailout-or-th_b_133036.html
Excerpt: (Gospels?)
But the largest reason to the doubt any major success of the just-enacted Washington bailout is that it does not go to the heart of the problem -- the gross excesses of the U.S. financial sector and the need for sweeping reforms and indictments, both ethical and legal. Or to put it differently, given the last decade's malignant transformation of U.S. finance, providing federal transfusions without needed corrective surgery is not medicine but unwise favoritism and cosseting.
And
My thesis is that the Frankenstein finance of the last two decades -- the crazed borrowing, pseudo-science, frenetic growth, greed and gambling -- did something roughly similar to the once-normal cells of our American economic corpus. So we don't know exactly what is happening now, why, or with what kind of contagious complexity. Radiation and even surgery (cutting out institutional tumors) may be in order. Over to you, doctors Paulson and Bernanke.
Fannie Mae and Freddie Mac were nationalized to appease China.
Two billion a year goes overseas just to keep America rolling along amongst other insightful enumerations.
And I swear I saw this headline displayed on the show this morning that there are no U.S. plans to co-ordinate with G-7 members. After searching other headlines this morning, I was not able to find it. I thought it was the NYT but it was not. I know I saw it. That headlines peaked my interest especially after seeing the article Mr. Paulson has appointed on a temporary bases thirty five year old Neel kashkari to help monitor the seven hundred billion dollars he and Mr.Benanke bilked, as some would say, out of our treasury. Mr. Kashkari is presently Assistant Treasury Secretary with limited experiences. As I recall, it is less than seven years.
In my opinion, America wants to get out of this **stew of their own making smelling like a rose. The Neo-cons want to protect their coffer the best they can and other countries are saying, “No, no, no by my chinny, chin chin”. After being duped into the Iraqi war, cohered into buying sub-prime loans and being exposed to farts in the economic board room, America would be lucky to only come out of this with a bloody nose. England has already done their thing. PM Gordon Brown said he is going to protect the UK’s economic interest by any means necessary so they nationalized some or all of their banks. I do not know how America can any longer compete monetarily with the UK or any country that has nationalized its banking system and if our boys are depending on thirty five year old inexperienced Neel kashkari to bring us out of this turmoil, I say, “Lord, help us!” I can only hope he is as brilliant as Sen. Obama.
Fighting for the dignity of my Ancestors,
God bless Bill Gates, WPFW, C-Span and the spirits of the unborn for the help,
BB
*v. spurned, spurn·ing, spurns v.tr.1. To reject disdainfully or contemptuously; scorn. See Synonyms at refuse1.2. To kick at or tread on disdainfully.
http://www.thefreedictionary.com/spurn
** The Bungled Bailout (Or the Perils of Paulson)
Kevin Phillips
Posted October 8, 2008 | 02:49 PM (EST)
http://www.huffingtonpost.com/kevin-phillips/the-bungled-bailout-or-th_b_133036.html
Excerpt: (Gospels?)
But the largest reason to the doubt any major success of the just-enacted Washington bailout is that it does not go to the heart of the problem -- the gross excesses of the U.S. financial sector and the need for sweeping reforms and indictments, both ethical and legal. Or to put it differently, given the last decade's malignant transformation of U.S. finance, providing federal transfusions without needed corrective surgery is not medicine but unwise favoritism and cosseting.
And
My thesis is that the Frankenstein finance of the last two decades -- the crazed borrowing, pseudo-science, frenetic growth, greed and gambling -- did something roughly similar to the once-normal cells of our American economic corpus. So we don't know exactly what is happening now, why, or with what kind of contagious complexity. Radiation and even surgery (cutting out institutional tumors) may be in order. Over to you, doctors Paulson and Bernanke.
posted by BB at 4:54 PM
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