Now that’s what you call Quality Leadership(tm)

April 27, 2010

This is the sort of arrogance evidenced when  military leadership can hold the audience hostage (I use audience instead of reporters as these indoctrinated hacks long ago gave up their objectivity and integrity in order to rub their dicks and clits against their fave political hack’s slacks) to tell really stupid and intelligence-insulting jokes.

What I call:  hubris. Much in evidence. If I were more adept at video editing, I could do a reel.


“When a nation practices evil, there is no way that it is going to be blessed in the long run. The truth is that we have become a nation that is dripping with corruption and wickedness from the top to the bottom. Unless this fundamentally changes, not even the most perfect political policies in the world are going to do us any good. In the end, you always reap what you sow. The day of reckoning for the U.S. is nigh.” -Anonymous


Comes as no surprise

April 27, 2010

“What I say is that I never had a real job,” Turbo Timmeh joked.

“TurboTax” Timmy [ Shitener ] Geithner has worked in government his whole life. Before becoming Treasury secretary, he was president of the Federal Reserve Bank of New York, which is a government job but is closely associated with Wall Street. The New York Fed president is selected by a board of private sector bankers and other private sector officials but has to be approved by the Federal Reserve Board in Washington. Almost all of the New York Fed’s profits get turned over to the U.S. government.

[ WSJ ] [ Numpty ]


The top 10 recipients of cash contributions from AIG in 2008

March 25, 2009

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200

So you can pretty much be assured that each and every name above is dirty. You can also be certain each and every one is all for bailing out the rich at the expense of everyone else.


Obama, seriously dude

January 23, 2009

A tax cheat in the Treasury?

The I.R.S. is a part of the U.S. Treasury. I can appreciate irony but this fucking redonculous!

This dude Geithner did his taxes with TurboTax? Seriously? And he used TurboTax? Don’t get me wrong, it’s a fine product, but… shouldn’t the role as Treasury Secretary be for a person that can do- or have done- his taxes properly? Without relying on the f limsy excuse that it was all TurboTax’s fault? Puh-leaase. He signed the 1040, right? He was aware that being self-employed carries with it certain responsibilities? One of those is to do your taxes properly. He’s a bean-counter, right? Even more to the point.

And if you hold yourself out for a gummint post this, erm, important- but so recently stained with by the skid marks of guy who shaves his frikkin’ head- you and your actions should be above reproach, and withstand scrutiny. After all, you want to get the new adminsitration started off on the right foot.

Clearly this candidate is wrong.

Hey, wasn’t he at the scene at the Bear Stearns, Lehman Bros, Wachovia, and AIG implosions? Grrreeeeeeat, those worked out splendidly for the taxpayer. He had a major role in this fiasco.

C’mon dude, seriously… it’s not quite a Harriet Myers, Jr. move, but this appointment should inspire confidence- not letting the citiznes/taxpayers out there wonder if this is just more of the same old same old.

UPDATE
Felix Salmon suggests that Geithner is getting very good at absolving himself from responsibility for things gone wrong. [Portfolio]

ALSO
Geithner Doth Speak With Forked Tongue (Dollar Edition) [naked capitalism]

ANOTHER UPDATE
Should We Bailout Geithner Too? [New Geography]

Finally, it is a simple matter to compare Geithner’s activities at the Fed to those of Ken Lay at Enron. Remember all those “partnerships” with cool names derived from Star Wars movies? Geithner’s New York Fed created Delaware Limited Liability Companies with the name “Maiden Lane” which is the Fed’s street address in New York. They are using unregulated companies to make loans and to buy and sell assets completely outside the view of the public. The Senate Finance Committee approved Geithner’s nomination on January 22, 2009 in an Open Executive Session. Geithner has proven he can hide the ball; let’s not let this scheme move to Treasury.


Harriet Myers, Jr.

January 9, 2009


Liar’s poker, homeowner edition

January 6, 2009

The past eight years of affluenza is continuing to take its toll.

The post du jour, courtesy of patrick.net:

Foreclosure Stories Ignore Foolish Greed Of Borrowers

Re: [MSNBC video]

Hi Chris, I have to say that I think your profile on forclosures was completely one sided. Almost all of the piece was about the sad reality of people being evicted from ‘their’ homes. Hardly any time was spent on how they got into the problem in the first place. The Alverez family in Florida had their mortgage payment double, however these people obviously had taken out an exotic loan in the hopes that housing prices would continue to rise and interest rates would continue to stay at historic low levels forever so they could refinance. They should have never have put themselves in that situation. A school principal said she did not read the contract when she refinanced her mortgage. I hope she did not do the same when she was managing the contracts for her school. As an educator she should have been saving money for her daughters school from the time her girl was born, however that would take sacrifice and how much easier was it for her to use the house atm.

For your next piece you should spend some time talking to the real victims of this crisis, the responsible people who did not take out mortgages that they could not afford. Because of the absurdity in the housing market many familys with good incomes were priced out of the market because they were not willing to take exotic mortgages. These were the people that realized that by taking an adjustable rate mortgage, option arm, or interest only loan there was a possibility that things could go underwater very quickly just like it did. Many of these people ended up renting, loosing the tax breaks that come with home ownership, and maybe saving money which due to the bail outs, is worth less and less each day. These people responsible people are the true victims, not the people who bought houses they could not afford with loans they did not understand. I hope you spend some time discussing the reasons why these people put themselves in such bad situations in the first place.. I think that you will find that the main motivation was either greed, trying to keep up with the Jonses, or choosing to spend their money on other things.

Anonymous

Be sure to watch the video. “Read” between the lines. I’m sorry if I sound a bit harsh, but these folks- claiming to not know the terms of their loan, and are now soured that their bet on perpetual home appreciation was wrong- are prevaricating. Having bet “the house,” the only tactic left to them is playing the sympathy card (the joker?), which only buys a little time.

The mainstream media will always be there to pimp them out as victims (who nevertheless could have avoided this entire fiasco if they had done five minutes worth of basic math)- but you and I know better.


Common sense tells you that if you gamble, most of the time you will lose.


Throwing down the gauntlet

December 10, 2008

Timothy Geithner, it is time for you to man up.

Chris Whalen (Institutional Risk Analytics managing director) has a few choice things to point out to the people of these united states about you:

  • His principal ‘beefs’ with Geithner including his ‘lack of real financial markets or business side experience’ and connections to powerful and influential factions on Wall Street
  • He believes America has been held hostage by a ‘criminal gang’ from Wall Street, who have bought their way into politics and have been directing financial services policy for many years, though their days are now numbered
  • People will be surprised next year when the depth of the economic trough in the US becomes apparent
  • The US will likely see the nationalisation of Citi, JPMorgan, a big government stake in Bank America and Wells Fargo and the rest of the industry’s going to have to be rebuilt around US Bancorp and M&I Bank
  • He does not support an automotive bailout saying Chrysler should disappear, Ford is already massively leveraged to the banks and GM is in desperate need of complete restructure.

The challenge: a public debate.

Is widdle Timmy man enough?

Of course he isn’t. Geithner is the beltway insider (protege of Kissinger, fer chrissakes) that was at the center of the Bear Stearns bailout, the Lehman no-bailout (talk about sending mixed messages), and apparently couldn’t detect that aura around the anus of AIG was indeed a black hole.

The fetid stench would have even clued-in a Clueless Numpty ™ like me.

This fucktard has Moral Hazard tatooed around the rings of his anus, where nobody but Benron Bukkake can see it.

He could no more send a consistent message than a waffle.

[Business Spectator]

Let’s not let Barry Hussein off the hook: he should encourage his nominees to openly debate their critics. After all, the thing lacking most in this economic downturn, and the return of which would boost it immeasruably, is confidence.


Capitalism without loss is like religion without hell.