F is for Failure, Mr. Obama, not Fantastic

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/17/AR2009061701834.html

Apparently, in order to prevent this kind of crisis where the mismanagement of a few giant firms leads to a financial collapse -- Nevermind that at this stage it'd be more plausible to blame it on high oil prices due to traders trying to take advantage of the self-fulfilling policy known as Contango -- Obama needs to regulate them more.

Is he ignorant of the fact that Banking is the most tightly regulated sector of the economy? Is he aware that after 2001 the short-sighted regulations contained in Sarbanes-Oxley added billions of dollars worth of paper work onto the backs of the financial institutions?

More regulation? The last thing that is needed more regulation, what is truly needed is an investigation into the entire government and its corruption. Corruption that is self-evident based on how eagerly both political parties rushed to defend firms such as CitiGroup, Bank of America, JP Morgan Chase, Fannie Mae, Freddie Mac, General Motors, and Chrysler. Corruption that is evident in the fact that instead of landing on out of control corporations like the hammer of Thor with the Anti-Trust Regulations that are already on the books (Sherman Anti-Trust, et al.) the government has decided to turn an blind eye to the statements made by the supporters of the bail outs. That their pet banks, who bribe them most gratefully to get access to their influence, are too big too exist, not too big too fail.

Less regulation is needed, not more. What is truly needed is for the government to cut capital limits on the major banks so as to restrict them further in size so they can not wield the kind of corrupting influence seen during the last two years.

What is needed is for the giants to be divided into competing firms, and then allowed to sink or swim on their own. Instead of insisting on knowing every little detail and micromanaging the economy like overzealous supervisors the government should set out basic rules and enforce those. It not only would save the tax payers, corporations and government billions, but would also make it easier for new banks to form.

More regulation is the last resort of cowards, traitors and failures.

Failures, like Mr. Obama. In short, F is for Failure, not Fantastic, and the policies pursued by Obama, Bush and McCain are the policies of irresponsible failures that are clearly helping their fellow failures succeed at the expense of the taxpaying public.

In short, the government should strip the executives of their parachutes and then dare them to jump. The ones that are successful will soar into the sky of corporate finance, and the ones that are failures... well I'm going to spare you all the gruesome details.

Its proven that the government regulators are corrupt as can be already, what is adding even more corrupt people to the list going to do? There is blatant prove able naked short selling of commodities, where JP Morgan controls 30% of the market in some cases, add in Goldman Sachs and you have nearly 75% of the entire gold/silver market covered. Both banks are members of the Federal Reserve already. Give the fed even more power than it already has huh? Already there is no law that can overrule the fed, during an emergency ( Which only needs the president to say it is) the fed has BROAD power over the entire US Economy and seeing as its the #1 economy in the world, it also has much influence on every other nations economy as well.

Does Obama really believe the Hype? that he is the Messiah? His hero is FDR and it looks like he is trying to do as much in 4 years as FDR did in 16 ( before term limits). Health care reform, car manufacturing reform, bank reform, insurance reform, etc etc etc, each has its own "Czar" in charge, like we are some country to be ruled over by Kings and Obama is the Emperor. Oh and were going to add another behemoth agency to the government also. Won't be long when the government employs everyone and we are just communists/socialists that just think we are free. How will we pay for all of this? MORE TAXES THATS HOW.

NoDrama said:

Its proven that the government regulators are corrupt as can be already, what is adding even more corrupt people to the list going to do? There is blatant prove able naked short selling of commodities, where JP Morgan controls 30% of the market in some cases, add in Goldman Sachs and you have nearly 75% of the entire gold/silver market covered. Both banks are members of the Federal Reserve already. Give the fed even more power than it already has huh? Already there is no law that can overrule the fed, during an emergency ( Which only needs the president to say it is) the fed has BROAD power over the entire US Economy and seeing as its the #1 economy in the world, it also has much influence on every other nations economy as well.

Does Obama really believe the Hype? that he is the Messiah? His hero is FDR and it looks like he is trying to do as much in 4 years as FDR did in 16 ( before term limits). Health care reform, car manufacturing reform, bank reform, insurance reform, etc etc etc, each has its own "Czar" in charge, like we are some country to be ruled over by Kings and Obama is the Emperor. Oh and were going to add another behemoth agency to the government also. Won't be long when the government employs everyone and we are just communists/socialists that just think we are free. How will we pay for all of this? MORE TAXES THATS HOW.

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Long live the king, not!

Our country was built around the principle of self-governance, King is just another word for master, and Czar is a russian word for King.

Obama Rex Tyrannis

the us military would not stand if they bring this on us, every government enfourcer will be a target

civil war anyone?



we have one of the largest bases in the untied states here and I garanfuckintee if they end up with some sort of power grab they will eventually meet fire in thier arses after states ceceed from the union in disgust


when it gets scary is if they create a separate governmental army or some sort of extreamly high pay for thier military minions


dont think its that far fetched

put a spark to a keg and it will blow my freinds.


they are playing with everything under the sun, lets hope they dont forget who they work for compleatly cuz i live under the sun and they do not own it, or this great country.


we do

i agree w/the OP, except on the lack of regulation at the central bank.

You got people like Bernanke telling Senators and members of congress that "he's not going to tell where 2 trillion dollars went" and so the few GOOD congressman like ron paul have to pass a bill to audit these motherfuckers?

Absolutely insane to think that a private organization is ABOVE the law...when walmart, mcdonalds and other huge franchises aren't. Crazy eh?

just makes me wonder what the FUCK those 3 congressman were thinking when they passed the Federal Reserve Act in 1913...had they a CLUE what they were doing to our country at the time, are people that easily manipulated by others?

the brainwashing, even on a much higher scale, is so aggravating...how people can't SEE that bankers have hijacked government and even worked their way so far into the system as to become political figures now, and some people still don't see where the problem lies. As Gerald Celente said, "are people really that NAIVE to think that the people who created the central bank (the fed) and its counterparts (goldman sachs, citigroup, chase-manhattan, AIG, JP Morgan)...do ppl think that those who created this mess, PERHAPS intentionally, are going to fix the problem??"


Central banks=sophisticated modern-day form of slavery. PERIOD.