“Actually it is exactly us regular folks, David.
It is our collective responsibility as citizens to supervise our political process, a task at which we have failed miserably.
iirc, it was Jefferson who said, "We have given you a Republic: if you can keep it."
David Parillo on Apr 12, 2011 at 20:59:12
“Yeah.... but hey I did say "except we let the few get away with it.... "
THAT is our mistake.... we allow it to happen... over and over again.. now all folks are gonna worry about is $5 gasoline for the summer....”
“"So the reduction of the debt by $600 billion under Clinton was the only time the debt was reduced."
I see this or similar statements fairly often.
Could you or anyone else show me when this occurred?
There were a couple months at the peak of the tech bubble when virtually no debt was added.
But I can find no time period during the Clinton administration during which the debt actually declined at all, much less by $600 billion.
“The IMF is essentially a logistics/enforcement arm of the global banking cartel and they've never met an austerity program they didn't like.
If the bankers wish to impose their losses on various populations then they are free to attempt to do so without the false sheen of respectability provided by the cover of the IMF.
They are also free to pay for those efforts themselves.
I see no reason for global taxpayers to fund an organization that is actively working against their interests.”
Upon further review of the TOS though I've already emailed them and asked them to rescind my agreement and remove the service from my account.
"5.2 Our Right to Access Your Files. You give us the right to access, retain, use and disclose your account information and Your Files: to provide you with technical support and address technical issues; to investigate compliance with the terms of this Agreement, enforce the terms of this Agreement and protect the Service and its users from fraud or security threats; or as we determine is necessary to provide the Service or comply with applicable law."
If you're just going to backup your pictures or throw a few songs on it, fine.
But anybody uploading proprietary business data or personal financial information (like Quicken backups) under that agreement is asking for it.”
This is nothing more than a trojan horse built to cover up the fact that the bankers do not have the paperwork required to legally foreclose.
They are losing more and more cases and the MERS fraud is now under serious judicial scrutiny.
The banks/servicers need to deal with each individual fraudulent loan under the jurisdiction of each individual state as per existing and well-settled STATE law.
Fedgov has no role in this at all.
Well, I suppose they could suddenly decide to grow a pair and nationalize, break up and sell off the pieces of the fraudulent financial institutions like they should have done 3 years ago.
Glad I didn't hold my breath waiting for that to happen.”
The "response" is pretty evident from the election results.
You are free to attempt to divorce that response from what prompted it and judge it in your own vacuum of course.”
Rowsdower on Feb 20, 2011 at 00:50:14
“I'm sure you understand the notion of "tyranny of the majority" and why it is dangerous, right? In this case, we have an alleged majority trying to take away the rights of a minority. That is wrong and needs to be stopped.”
“The always-thorough Yves Smith took on Ben's audacity today.
I don't always agree with her politically but if you want to argue finance on her blog you best show up with more than platitudes and anecdotes.
"They must put something in the water at the Fed, certainly the Board of Governors and the New York Fed. Everyone there, or at least pretty much everyone who gets presented to the media, seems to have an advanced form of mental illness, namely, an pronounced inability to admit error. While many in public life suffer from this particular affliction, it appears pervasive at the Fed."
“"I've talked to a lot of people about whether they like the freedom to be cheated on credit cards, to be cheated on mortgages, to be cheated on overdraft fees, and I found that was not really a freedom they valued," Rep. Brad Miller (D-N.C.) said on the House floor on Thursday.
Awesome! He gets it!
Now who has a link handy to that list of prominent NC bankers that Rep. Miller has referred to Holder for criminal prosecution?
“"...a lot of his economic growth was predicated on a tech bubble which was later handed over to bush as a bust."
But according to the historical revisionists that frequently post columns here (Robert Reich) that was a period of "rapid economic expansion."
In reality, of course, it was just another example of a speculative frenzy fueled by fraudulent credit growth which, as you correctly note, exploded in Bush's face.
That in no way excuses W's economic team from ramping the monetary/credit ponzi to the next level but the common meme here on HP of equating the tech bubble to legitimate economic growth is laughable.”
Kai-HK on Feb 6, 2011 at 08:13:45
Thanks for making a point that I have made several times before just too tired to do it again.