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Jim T
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2 months ago
in Cliff Asness "I Am Ready For My 'Personalized' Tax Rate Now" on Zero Hedge
PRESIDENT OBAMA is a bleeding heart left winged liberal BULLY! And they are the worse kind of Bullies! On one hand they try to portray themselves as the nice guy that everybody should like and love, but underneath that nice guy mask lurks the true DEMON.
Example: We Do Not Torture! Even terrorist that want to kill Americans! How bleeding heart Left Wing Liberal is that? But then he turns around and Bastardizes the Hedge Funds because they didn't want to take a $4 Billion Dollar Hair Cut that the UAW should have to wear!
Scary guy!
Example: We Do Not Torture! Even terrorist that want to kill Americans! How bleeding heart Left Wing Liberal is that? But then he turns around and Bastardizes the Hedge Funds because they didn't want to take a $4 Billion Dollar Hair Cut that the UAW should have to wear!
Scary guy!
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8 months ago
in Derivatives: The Great Unwind on Blown Mortgage
Anybody that has been following this mess closely can not be too surprised by the list of usual suspects that have high levels of exposure. My two favourites at the top of the list are JP Morgan & PIMCO (I'ld like to see them both burn in hell) or at least go bust big time. Which two names have been more active then these two over the last 6 months? (Nobody!) These two companies are the poster children for this Derivatives Crisis and should be called out and made to pay for it.
It's just too bad that they run the "Shadow Government" and will surely only profit from what they have caused! But don't forget to a lesser degree Citibank, Bank of America, Wells Fargo, Bear Stearns and Wachovia ARE OR WERE big players in this mess too.
The Government & Shadow Government story is this entire mess is the fault of Sub-prime. Why is that? It was only a $500 Billion Dollar Market which is chump change compared to what they are spending now. Well, because if they can get you to believe this is all happening because of Sub-prime loans then that makes a certain segment of the public to blame. BUT, IF THE TRUTH WAS KNOWN and the public found out the real problem is Wall Street Creation with Government backing "Derivatives" and has nothing to do with Mom & Pop US Citizen. Well that is a horse of a very different colour and I suspect more then a few people would be really pissed off and civil unrest might be in the cards.
It's coming because the truth will get out eventually and the Corporate and Government Big Wigs better watch out. The French Revolution will go down in History as a camp fire compared to a 2008 - 2009 US Revolution.
It's just too bad that they run the "Shadow Government" and will surely only profit from what they have caused! But don't forget to a lesser degree Citibank, Bank of America, Wells Fargo, Bear Stearns and Wachovia ARE OR WERE big players in this mess too.
The Government & Shadow Government story is this entire mess is the fault of Sub-prime. Why is that? It was only a $500 Billion Dollar Market which is chump change compared to what they are spending now. Well, because if they can get you to believe this is all happening because of Sub-prime loans then that makes a certain segment of the public to blame. BUT, IF THE TRUTH WAS KNOWN and the public found out the real problem is Wall Street Creation with Government backing "Derivatives" and has nothing to do with Mom & Pop US Citizen. Well that is a horse of a very different colour and I suspect more then a few people would be really pissed off and civil unrest might be in the cards.
It's coming because the truth will get out eventually and the Corporate and Government Big Wigs better watch out. The French Revolution will go down in History as a camp fire compared to a 2008 - 2009 US Revolution.
1 reply
mgdungan
Interesting points, Jim.
I think the average, hard-working, family types are starting to figure out that something very bad is happening. And, as you point out, it isn't the fault of a relatively few people who paid too much for a house or even those walking away from that house.
The blatant thievry is staggering.
mg
I think the average, hard-working, family types are starting to figure out that something very bad is happening. And, as you point out, it isn't the fault of a relatively few people who paid too much for a house or even those walking away from that house.
The blatant thievry is staggering.
mg
You rightwingers are such delicate flowers. You seem scared of so many people (Hispanics, Arabs, ACORN, etc) and should Obama criticize anyone or you'll interrupt your "he's an atheist fascist socialist who wants sharia law" rant to cry about how he's a bully.
And then you scratch your head and wonder why you keep losing elections, and decide that you just need to yell louder at your fellow Americans.