bayviking's Comments (902)

“"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if Labor had not first existed. Labor is superior to capital, and deserves much the higher consideration." ABRAHAM LINCOLN

"The nobility system of other countries having been established by force,and being supported by force, can perhaps be go rid ofonly by force.

But our American Nobility system being founded in fraud and supported by fraud, can be rid of in no other way than by effectually exposing the nature of that fraud...", US Democratic Review 1839

But if you are a Corporation that makes substantial campaign contributions(bribes) you will be bailed out.”

“"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if Labor had not first existed. Labor is superior to capital, and deserves much the higher consideration." ABRAHAM LINCOLN

"The nobility system of other countries having been established by force,and being supported by force, can perhaps be go rid ofonly by force.

But our American Nobility system being founded in fraud and supported by fraud, can be rid of in no other way than by effectually exposing the nature of that fraud...", US Democratic Review 1839”

“PIMCO, the worlds largest bond fund at $203 billion. What does that number tell you about the level of intervention by the Fed and Treasury or the cost of war? We are in deep doodoo and there is no evidence that the people in charge intend to preserve what is left of our manufacturing base or look out for the real source of all wealth, the working class.”

“Summers comments reflects a complete denial of the reality the unregulated Finance, Insurance & Real Estate has destroyed our economy. His investment philosophy has crippled Harvard's finances. He hasn't admitted any mistakes, because he has a hidden agenda which works in service to elite fraudsters. They pay him millions to spout nonsense.

FIRE SUMMERS, and BERNANKE, and GEITHNER. Its our only hope and will only work if reality based economic advice displaces them.”

“"turning back the clock" such a statements reflects a deep seated prejudice on the part of the press, in favor of "too big to fail" (i.e advertising sponsors).

Free Market Capitlaism is Milton Freidman "Shock Doctrine" BS. No country abides by it, at least no country with successful economic policies.

"fixing the broken clock" would make a better analogy.”

“Although consistent with JFK's nature you gotta wonder how the picture was taken (not from the same boat obviously) and why the women would be swimming in cold offshore ocean water so characteristic of the Northeast region.

At the end of the day our obsessive reporting and policing of nudity and the sex lives on others reflects on the emptiness and insanity of our own lives.”

“BAILOUT #1

BAILOUT #1”

“Absolutely true. Both parties have been corrupted by Wall Street. 60% of Shrub's campaign funds and 60% of Obama's. Congress is even worse.”

“Who has destroyed our economy?

Wall Street.

Who first supported Wall Streets Cap & Trade?

Rethuglicans.

Who aims to profit from Cap & Trade?

Wall Street.”

“Able veterans? Star-studded cast? Well OK Volker, as if he has any say. Otherwise, you’re looking at the cast that destroyed Brookley Born, a dedicated, honest, smart public servant that worked hard to keep derivative trading regulated. Geithner, Greenspan, Rubin, Summers drove Ms. Born out of the Chicago Commodities Exchange. Almost immediately her predictions hit Long Term Capital Management, which collapsed. Ten years later we get a 1000 fold worse calamity with the same “veteran” “star-studded cast” pulling the same stunts, whose agenda consists of helping a small secretive circle of crooked traders at the expense of the rest of the country.”

“Rethuglicans didn't give a rat$ a$$ about deficits while they were in charge. Cheney declared, "Reagan proved deficits don't matter". They loaded C40 transports full of billions in cash and then dissappeared them. They rammed a pre-election medicare drug benefit through Congress in about a week, to buy the elderly vote and stipulated that the Government could not negotiate drug prices. They gave carte-blanche to Blackwater, Enron & Haliburton. Tom Delay legalized slavery in the Marshall Islands. Abramoff was bribing Congress right and left while the SEC repeatedly turned a blind eye to Madoff's ponzi scheme and his direct links to Goldman-Sachs, Merrill-Lynch, Morgan-Stanley and Smith-Barney. Cunningham was busy pocketed bribes for military contracts. Greenspan facilitated all of it with Bernanke by his side. No taxpayer rip-off was off-limits and ended with Paulson pulling the largest scam in the history of man. This is a short list of the problems which surfaced during the last administration. Hopelessly corrupt and incompetent. Unfortunately, the Demowussies health care legislative process made corruption even more obvious to the general public.”

“We need Lieberman's advice like we need a hole in the head. His loyalty and honesty are highly suspect.”

“Unlike individual courage, Corporations and Boards are deliberately structured to diffuse and confuse responsibility.”

“We can all learn from our own mistakes and get better by that process ( Mistakes which are historically too often repeated).

We must not confuse "mistakes" with systemic fraud,or let our Government cover-upand gloss over real crime. Who does Geithner think he'skidding when he claims the Meltdown on WallStreet was an "accident"? Naked short selling, proprietary programmed trading, fake AAA ratings, betting against junk securities you sold are NOT ACCIDENTS. Crimes have been committed which require prosecution and in other cases repealed laws must be reinstated.

Lincoln said labor comes before capital because wealth is created through production. Unless Wall Street is put back in its place beneath manufacturing, laws enforced and reinstated, jobs will not return and there will be no recovery. This will not be solved overnight. The quickest correction available to us today is to bring our troops home , use them only for defense, and close our 716 military bases on foreign soil. This will stop the red ink and easily pay for health care.”

“With fewer qualified buyers and empty or closed shopping malls, Real estate has nowhere to go but down. We can't have wealthy Washington donors or the failed company CEOs taking a bath on this, so lets $screw the taxpayer.”

“Not wrong, but hardly complete. As jobs dissappear and commercial real estate collapses along with it these banks are at ever increasing risks to the extent they are the prime lenders on defaulting mortgages. But the root cause of these problems have to do with the disproportionate power Wall Street fraudsters hold over Washington and their use of securitization, contrary derivatives bets and programed trading to hi-jack all profits for themselves and then getting Washington to bail them out when their fraud backfired. Just like Enron, the S&L disaster, BCCI and many more, we are witness to the work of organized crime, rackateering. Organized crime,unlike petty criminals, enjoys Government protection.”

“Uh, we didi't do anything illegal and besides its the lawyers turn to make money on this crap. We're only into this officially one year even though we saw the writing on the wall three years ago. Everything in its time and the working taxpayer is last in line.”

“Even though the Grover Norquist NeoCon Klan has more to do with the meltdown than any liberal, I gotta agree with him on this. Nothing would be better for the country and Obama's chances of getting reelected than getting rid of Rahm Emanuel.”

“FInance, Insurance and Real Estate (FIRE) are the problem with our economy, because they have hi-jacked it and displaced manufacturing. FIRE was 2% of US Corporate profits in the fifties, when we were prosperous, and 40% today which has provided looting and pillaging profits for a few and undermined the economy as a whole.”

“One of the principal instigators of this crisis, which has been in the making for decades, want's to save finance, which in a strong economy works in conjunction and service to manufacturing. How much money will the public have to disgorge to fraudsters to make this clueless Obama economic team is happy? There is no evidence of any policy changes which will turn things around. All they're focused on now keeping Bernanke in place. I wonder what this a$$hole's story will be in the spring?”

“There is a pattern here. The small banks in trouble are the one's that purchased toxic assets, marketed by the organized criminals that received the bailout money and bought SWAPS knowing full well what they sold was crap. It was wrong to bail them out and their crimes must be prosecuted before there can be any meaningfull recovery. Otherwise they will just do it again.”

“Lets be clear. All the "recovery" hype was designed to keep the same economic team, especially Bernanke, in power in order to keep secrecy and the lid on wanton crimes.”

“Germany isn't even on the list. No other country even comes close to their beer consumption.”

“We are being systematically fleeced. If you aren't angry, you aren't paying attention.”

“Paralyzed is a partial description.Corrupt to its very core is better.”