Re: Issues Hooligans Single ITunes Plus AAC M4A
Elodie Akiyama
This week, the U.S. Senate voted to support a new commission to investigate wrongdoing in the lead-up to the economic crisis. Bill Moyers asked economist Simon Johnson and legal scholar Michael Perino what they would want such a commission to investigate.
I challenged, too well, the moral arguments hooligans were making in "religious" circles...the better the argument I made against "war", the quicker those WORDS were snatched up and used by havelina pigs as a moral case FOR war. One big Dilbert cartoon, the bloviators...they could never come up with what they do on their own...
Stop stalking me. Offer your opinions without getting personal. I started talking to you to help. I'm very sorry I did. If face to face, I would have probably sensed your amorphous hatred and not stepped into it. Shame on you for acting like you were a nurse.
USA has the largest jail population in the world because everyone is coming here with way too many issues - always was that way...from the very beginning....not the best human stock and the nasty original criminals have been here the longest and that's why they have so much $$$.
It's a problem. As a first generation USA citizen, I am horrified by the history and am seriously considering getting the hell out of hell. Native Americans on a war path, African slaves ganging together, vicious cretin "money lenders", Roman back stabbers, and on and on...sex, drugs and bullets....money money money...
I am convinced my people must have been from another planet altogether...we need to decide on a place and all go there together to have something resembling culture and civilization again...not sure with 7 billion people where that could be on earth...no wonder why we keep indulging in the urge to built rockets that can leave the planet :-))
The contributors have recommended a very narrow scope of activity for the New Pecora Comission. This is a shame as there are much larger issues to be addressed, like Naked Short Selling (ie selling stock that was not owned or legitimately borrowed, thereby creating counterfeit shares). This particular form of manipulation has eroded property rights, destroyed development stage companies, and financially harmed the owners of the shares subject to the manipulation. For more information please visit www.deepcapture.com.
I already wrote an email to the site about this but I'm really surprised that Mr. Moyers hasn't challenged Simon Johnson on his role as former chief economist of the IMF on any of the policies he called for for "developing" countries. I guess when it's not America it's not important? Well, the rest of the world is quite used to crises.
There was a past American President (can't remember his name) who basically said, the only thing America need fear is when Big Corporations become so powerful, their interests are more important than American Citizen's. That is exactly what we are seeing happening in America. Bank CEO's, Big Phar Corporations, Monsanto etc. are able to get people in positions of political power or influence and with out proper regulation, get their agenda's in place to defraud America. Government needs a big over haul, we need people in political power who are ethical, have integrity and are not bought by Banks and big Corporations.
The wolf isn't at the door, it owns the door.
PS Bill Moyer, if you want to investigate an even bigger crime (one that is agaisnt humanity) look into what Monsanto is doing with their genetically modified seeds: soy, wheat and corn. They know it causes cancer and they still brought it to market without the FDA (which is bought) looking into the scientific research which proves it causes mutations and cancers to grow. 75% of all processed food has genetically modified seeds and cattle is feed it also.
Go to this website:
-GMO/index.cfm
and interview the author Jeffrey Smith of Seeds of Deception.
1. Do not presume the laws are the correct basis for judgement.
2. Reseparate 'investment banks' from 'regular banks'. FDIC protects reg banks. Investment banks should take risks but risks with real consequences.
3. S&P, Moody's are hugely at fault for improperly labeling the mortgage backed securities...that was a real crime.
4. AIG and similar insurance co. can never be big enough to cover that much financial risks...only Uncle Sam can do that ---as we are finding out the wrong way.
5. Since the risk can't be covered then the banks would have to be more prudent in their investments
6. The Treas. sec. should not be able to come from Goldman Sachs....
Great program BILL.But all an all it is the same shell game and big name con artist and their buddies in government alway,s play with middle/poor class people who pay all the bills and donate the most time and money to charity and are the backbone of this once great country.We need big change alright like a new party the democrats/republicans have had over 200 years and still can not figure it out.Bye the way we the people give president OBAMA an F- grade!!!!
The Perino/Johnson discussion was excellent, as I expected, and I learned a lot. (I had never heard the name "Pecora" before.) I was disappointed, however, when Johnson (and Perino, too, I think) talked about breaking up the big bank-like institutions into "boring banks" and "risk takers". Professor Johnson talked about the need for entrepreneurial investment, as if that is the type of risk that these institutions engaged in. In fact much of their risky behavior was nothing but naked gambling. There was "creativity", for sure, but it was (and still is) the creativity of Ponzis and Madoffs. Don't get me wrong; I'm not opposed to casino gambling. I've dropped a few quarters into slots in my day. But when you're talking about breaking up mega-so-called-banks, they need to be broken into three, not two, pieces: 1) boring bank; 2) capital investor; 3) gambling casino. Then don't EVER again let anyone believe that the taxpayers will cover those gambling-debts-gone-bad from the "creative" instruments that the Type 3) bankers-cum-pirates invent.
We also need pie charts that break down all mutual funds etc with what percent of same ='d the sliced&diced mortgages. There also needs to be a flow chart of how the actual mortgage payments find their way back to the instruments they wind up in (otherwise we are talking about things we have no inkling of). There also needs to be an illustration of who bought the credit default swaps ("insurance") and how much of the bailout has gone to pay'em off. I have been reading psychology for a few weeks, and have forgotten the estimated "insurance" represented by outstanding CDSs before the crash. Was it in the 70s of trillions? I just remember I calculated it equalled 104 700K bailouts.
"New Pecora Hearings" I would hope could do a job even better than Pecora. After all, we now have PowerPoint etc. To generate the outrage what's outrageous will have to be described, and it's probably more complicated this go round.
Richard R. Palmer: Elizabeth Warren is a "too nice" woman and not a sufficient critic of our business system to advocate real reform. I recall how she was obsessed with bad credit card etiquette (high and rising interest, jumpy billing periods, issue to teenagers and insolvent) on her Moyers visits. She did admit that wages had been depressed for 30 years, but offered no solutions. She comes from Harvard like our President. These people tend to be impressive in the storefront window and disappointing down on the street. Their connections (how they came up) are an insurmountable handicap when it comes time to get tough on the privileged classes. (What is America if not the Lux-Life clamor, the "success ethic"?)
You said it yourself in relation to journalism: wealth envy co-opts. If Senator Dodd is in a rich man's pocket we need to de-pants the big man, not offer Senator Dodd a stipend. Like a K-street lobbyist he'd probably accept both offers, and feel the wiser for it. There is no remorse in Congress without handcuffs.
Maybe humanity has outgrown the advantages of capitalism. If we are refusing to examine such a possibility we may be sealing our doom. All the hints are plain to see. I find that those who call all alternatives degenerate socialism are themselves would be predators (masters and their macoutes) who don't want the law restricting their happy hunting grounds. People forget the expedient reasoning behind the illegal (hollow treaty) seizure of aboriginal lands, the very lifeway of distinct nations. Change had to come in one form or another; too bad it was often unjust, violent and environmentally destructive. (Hindsight is clearer.) Maybe the days of global corporate capitalist business have expired, not due to mass reactive violence as Marx predicted, but because Earth is tamer and sicker today, and our lifeboat is shrinking. To me our Libertarian ideals are majestic and beautiful, but out-dated and unrealistic under present circumstances. The skunk odored bear skinners don't mix well at the museum reception; unless they are the exhibit.
Pecora worked nearly 75 years ago, and he accomplished relatively little that endured. Now business is global and beyond Congressional purview. Don't look to the mythic past for pragmatic salvation. People probably need to become disobedient to undermine counterproductive interests. If the Internet has any utility in this regard it is to negate intellectual property rights, to rob the overlords in their profit cribs like rats on corn. When I imagine the bit-torrent piracy all around the world I laugh and shirk the "New World Order." Capitalism is coming down like a great redwood with the fall notch already cut and the saw dragging away remaining cross-section. I hear the echoing shot of the snapping hinge. Timber! Get out of the way! Which capitalists will run under the shadow only to be crushed by the irresistible weight? It is up to the people to prepare for the coming sunlight. The canopy of hierarchy is opening and the fertile land is ours to cultivate. (Pray for organic vegetables and a network of interconnecting trails. We're gonna cooperate for awhile and let competition relegate to a hobby.) Inculcate the young with hopeful vision and egalitarian dispositions.
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