http://www.bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJg If the "non-Goldmans" want to be a little more competitive in owning a bigger piece of the government....THEY are going to have to try a little harder.... After all....owning the government is a fantastic leveraging of one's money.... Goldman....Oil companies getting the govt. to pay for militaries, etc... You know.....IT'S JUST BUSINESS....
............................................. So Obama delivers an "open" government.... "Open" to the highest bidders...... Yeah the govt.'s open.... "In your face fascism....American Style".... Want to turn $167,000 many times over in just one year ? Just get a high ranking govt. job.... The exact same problem in the SEC....Govt./Corp. crossover conflicts throughout the securities system.... This has be happening in banana govts. since day 1.... THE US GOVT. IS A FUCKING JOKE........ ................................................................... What to do.......???? REVOLUTION Then install a 10% state....5% Fed consumption tax only.... All by state mandate which eliminates the lobbyist system.... The states vote by internet by township ...for all tax usage projects.... Govt. representatives would just become employees that carry out state mandates.... ................................................ Second....a new fully electronic direct access non-gameable stock exchange....electronic reguation...etc....no more SEC.... And the list goes on....
Lynn Turner, a former chief accountant at the SEC. âYou just wonder, who is representing middle Americans?â ------------- Well duh, I thought it might be the SEC.
Goldman gets free money from the Fed. It invests in Chinese Companies for profit. It rigs the Markets with HFT. That's treason in my view. Look - anyone can do anything they want with their money - but to be able to get free money at the Fed window... that's different. There should be limits to that. How can I get free gov't money and invest it in America's future global challenger for profit? Didn't US banks bankroll Hitler pre WWII? And it's all legal. That's the problem. That's why I see no solution - there will just be an inevitable collapse.
Here some more.... Let's say I give you all the money you want for 0% interest..... And I in turn pay you 2% for buying the debt bonds I have....which is "really you".... Do you suppose if credit card rates were 10%....auto loans 12%.....home loans 7%.....and you had branches in every city....Do you suppose you could make some $ ? Now about those hundreds of billions in bad loans....that you have ....loaning the money for the same things as before.....???? I just passed a law saying that you can mark those 100 cents on the dollar.....and I AM the law....so you are ok..... ........................................................... If banks cannot report good earnings now.....what does this suggest ?