Monday, February 2, 2009

SOME THINGS JUST MAKE YOU GO HMMM...

  • As the credit crisis eats away the value of their assets, millionaires are paying back cash they borrowed for investment purposes to reduce risk, private bankers say. "We've seen leverage vanish completely almost overnight from the beginning of November,"
I am guessing that just because you are a millionaire does not mean you are particularly bright. It don't take a fukken rocket scientist to see the folly of borrowing money to invest.

  • Bailed out Bank of America throws huge extravagant Super Bowl parties. WTF?
Like the millionaires in the above story, these damned bankers just do not get it. They are the scumbags in this new scenario, and we are the sheriff who is going to put their asses in jail. If you are not pissed off, you are not paying attention.

  • "Petraeus made the mistake of thinking he was still dealing with George Bush instead of with Barack Obama." Petraeus, Gates and Odierno had hoped to sell Obama on a plan that they formulated in the final months of the Bush administration that aimed at getting around a key provision of the U.S.-Iraqi withdrawal agreement signed envisioned re-categorising large numbers of combat troops as support troops. That subterfuge was by the United States last November.
Looks to me as if the new President had better be watching his backside, and/or he had better send his attack dogs to have a "word" with these extremely dangerous dirty dealers who think that the US will continue to be run by liars.

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.