Even though O’Donnell laudably experimented with to concentrate the audience’s awareness onand hopefully last, Charlie Sheen trainwreck interview, courtesy of the tragic undertow that threatens to pull Sheen under for decent, I was overtaken, not through the pulling on the thread, and then the voracious audience he serves. It did not make me unfortunate, it produced me angry.
In regards to celebrities, we can be a heartless nation, basking within their misfortunes like nude sunbathers at Schadenfreude Beach. The impulse is understandable, to some diploma. It could possibly be grating to listen to complaints from people who get pleasure from privileges that many of us can not even visualize. If you cannot muster up some compassion for Charlie Sheen, who makes more dough for any day’s effort than many of us will make in a decade’s time, I guess I cannot blame you.
With all the quick tempo of occasions on the net as well as specifics revolution sparked from the On-line, it is quite simple for the engineering community to think it’s different: often breaking new ground and engaging in stuff that no one has ever before performed earlier than.
But you will discover other kinds of enterprise that have currently undergone a lot of the exact same radical shifts, and also have just as great a stake while in the foreseeable future.
Get healthcare, as an illustration.
We generally presume of it like a big, lumbering beast, but in truth, medicine has undergone a sequence of revolutions while in the previous 200 many years which are at least equal to those we see in technologies and facts.
Less understandable, but however inside the norms of human nature, is the impulse to rubberneck, to slow down and look at the carnage of Charlie spectacle of Sheen’s unraveling, but for the blithe interviewer Sheen’s life as we pass it in the perfect lane of our each day lives. To be honest, it could possibly be tough for people today to discern the distinction between a run-of-the-mill consideration whore, and an honest-to-goodness, circling the drain tragedy-to-be. On its individual merits, a quote like “I Am On the Drug. It is Referred to as Charlie Sheen” is sheer genius, and we cannot all be anticipated to consider the full measure of someone’s existence each individual time we listen to a thing amusing.
Quick forward to 2011 and I'm seeking to take a look at implies of becoming a bit more business-like about my hobbies (mostly music). By the conclude of January I had manned up and began to promote my blogs. I had made a variety of different weblogs, which were contributed to by colleagues and colleagues. I promoted these routines because of Facebook and Twitter.
Second: the little abomination the Gang of Five about the Supream Court gave us a yr or so back (Citizens Inebriated) literally incorporates a tad bouncing betty of its personal that can pretty properly go off while in the faces of Govs Wanker, Sacitch, Krysty, and J.O. Daniels. Seeing that this ruling extended the notion of “personhood” to both equally companies and unions, to experiment with to deny them any proper to operate inside the legal framework that they were organized underneath deprives these “persons” from the freedoms of speech, association and motion. Which suggests (as soon as yet again, quoting law college trained friends and family) that both the courts ought to uphold these rights for that unions (as person “persons” as guaranteed by the Federal (and most state) constitutions, or they have to declare that these attempts at stripping or limiting union rights need to use to serious businesses, also.
Im having a hard time understanding why people are not demanding that bank of america at the very least BE DISMANTLED.
WHAT IS IT ABOUT THE PRECISELY DOCUMENTED CASES OF PEOPLE WHO DIDNT EVEN HAVE MORTGAGES AND WERE FORECLOSED ON THAT AMERICANS ARE HAVING A HARD TIME REALIZING IS OUTRIGHT CRIMINAL ACTIVITY? Will it take these sociopaths going to everyones home and saying “we show that we own this property, we are going to take it and sell it for our own profit” for americans to wake up and put an end to this ridiculous lunacy once and for all?
It deserves to be yelled.
If Washington wants a solution, Dissolve the bank and distribute the assets to everyone. Its that simple.
Its a business that has repeatedly perpetrated theft, exploitation, and violation of law. There is no reason that it should be allowed to continue operating. If the shareholders are worried about their “stakes.” Give them the money of dissolved assets and allow them to reinvest it where ever they want.
That will boost the economy.
Give the wee homeowners who were tangled up in barb wire for 5 years enough to rebuild their lives.
Take enough for the government to be able to steady itself and devote the resources to securing this ship in good stewardship like it obviously needs t be.
And be done with it.
Really. Why are we empowering an entity to wreak havoc on us all? Who are these 25,000 or so individuals working in the upper echelons of mega banks and wall street that should be so protected, and sit comfortably on pilfered accounts while the majority struggles to make ends meet?
Enough is enough.
I want my government to do what is right and disable these crooked thieves before it becomes a matter of failure of us all.
Comments
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
JimRino Says:
March 3rd, 2011 at 7:54 am
Rewarding Failure, allows Wall Street to afford to prop up the “Republican” party.
Failure rewarding failure..
Petey Wheatstraw Says:
March 3rd, 2011 at 8:08 am
“3) Banks are carrying lots of housing inventory waiting for a better residential market to emerge 5 or 10 years down the road.’
The might as well be waiting for Jesus to come back.
From PA to GA there are thousands upon thousands of homes — new and previously occupied — being left to molder. I’ve driven the towns and back roads, and I’ve seen it all.
Every now and then, someone on the internets tubes will suggest that unoccupied houses be bulldozed in an act of “creative destruction.” In a sense, that’s already happening, only Mother Nature is being allowed to do very slowly what the dozer would do in a matter of minutes.
Recently nice/occupied homes missing shingles and/or siding due to weather. Windows broken and letting in the rain and snow. Downspouts eroding soil away from foundations. Gutters pulled down by the weight of rotting leaves. Trees, grass, and critters encroaching on lawns.
Inside, appliances and fixtures have been taken or simply trashed and left behind, along with anything the previous occupant didn’t want to move, including trash and rotten food. Walls have been smeared with food (and probably feces).
Many of these houses are REO, but not on the market. Many are already in such poor shape that they will never be sold. Even houses on large chunks of acreage (10+), the only value left is in the land, and any developments (well, septic, electric and other utilities — including the ubiquitous satellite TV dish), won’t find a buyer because the structures themselves have become a liability and a barrier to the sale of the property, as tear-down is required in order to replace a dangerous structure with a habitable one.
Extend and pretend has a result that the SEC can’t reverse.
SCTTD Says:
March 3rd, 2011 at 8:20 am
John Hussman had somewhat scathing comments about status of FASB 157 and the Boards unwillingness to actually hold their constituents to a reasonable standard in this weeks commentary.
http://hussmanfunds.com/wmc/wmc110228.htm
Scroll down to the open letter to the Financial Accounting Standards Board section.
Alaric Investments Says:
March 3rd, 2011 at 8:26 am
Surprising to think that anyone in the investment community believes that the banks are not intentionally “kicking the can down the road” – of course they are.
In fact, this is explicit government policy: is not a major reason for Federal Reserve’s negative real interest rates to help recapitalize the banks so that they will eventually be able to write off the remaining bad debt?
Also, by “going Sweedish”, do you mean a Mises-like clearing out? I would have thought that “going Sweedish” would conflict with the left of center agenda, no?
Mark E Hoffer Says:
March 3rd, 2011 at 8:27 am
this: “1) Banks are slowly rebuilding their capital by borrowing from one branch of government and lending to another. This is a slow process, but its less well unerstood (and hence more politically acceptable) than merely giving Banks capital outright…”
as an explaination of: “…the arbitrage between the the Fed’s ZIRP policy and Treasury’s 10 year bonds…”
is complete, and utter B*******.
for further reading…
http://www.humblelibertarian.com/2009/08/77-reasons-to-audit-fed-and-end-fed.html
http://www.monetary.org/federalreserveprivate.htm
http://www.barefootsworld.net/banking-fed-quotes.html
Alaric Investments Says:
March 3rd, 2011 at 8:28 am
SCTTTD –
Talk about scandalous accounting: remember that Buffet did not use mark to market accounting on a portfolio of publicly held securities and was able to get away with it with a mere verbal slap on the wrist from the SEC….
http://alaricinvestments.blogspot.com/2010/10/us-is-banana-republic-part-2.html
Shocking?
curbyourrisk Says:
March 3rd, 2011 at 8:35 am
Mark…when you say that is B********…do you mean the act is B******, or you do not believe it?????
For the GSE’s….give me a call….I have a crap mortgage you have as well.
curbyourrisk Says:
March 3rd, 2011 at 8:37 am
Forget going swedish. Let’s all go Iceland on their asses.
Collective middle finger to the banks….
constantnormal Says:
March 3rd, 2011 at 8:43 am
“2) FASB 157 allows banks to carry all of these structured products made of bad mortgages on their books indefinitely.”
Indefinitely? Surely not forever … what happens when these toxic mortgages mature, and still have huge unpaid balances?
Don’t they have to be written down then, or can they continue to be carried on the books as “assets”, with a mountain of “good will” in the form of unpaid principal & interest, penalties, and fees?
Why do the banksters EVER need to work again, if they can mine nothingness in perpetuity?
KentWillard Says:
March 3rd, 2011 at 8:44 am
I think the SEC’s focus is on the largely forgotten commercial real estate (perhaps construction too), not single family mortgages. Although commercial real estate prices have fallen almost as much as house prices, we haven’t seen the spike in defaults (yet?).
The bigger question is why the SEC is pushing this rather than the obvious regulators: OCC and FDIC. Would be interesting to know if all the SEC Directors support this action, or if it is a partisan choice.
constantnormal Says:
March 3rd, 2011 at 8:52 am
Mary Shapiro is gonna get herself in a lotta trouble, if she’s not careful … this is what happens when the head of a regulatory agency is not a former bankster …
Mark E Hoffer Says:
March 3rd, 2011 at 9:00 am
curb,
if I’m reading that, correctly, the GSEs aren’t involved in this statement: ““…the arbitrage between the the Fed’s ZIRP policy and Treasury’s 10 year bonds…”
and, to restate/try to clarify, this : “1) Banks are slowly rebuilding their capital by borrowing from one branch of government and lending to another. This is a slow process, but its less well unerstood (and hence more politically acceptable) than merely giving Banks capital outright…”
as an explaination of: “…the arbitrage between the the Fed’s ZIRP policy and Treasury’s 10 year bonds…”
is complete, and utter B*******.
or, differently, the idea that the FedRes is a ‘branch of Government’, akin to the Legislature, Executive, and Judiciary is, quite, inane..
http://www.thefreedictionary.com/inane
b_thunder Says:
March 3rd, 2011 at 9:14 am
I bet the next budget will have SEC defunded even more than the wettest GOP dream would be.
But this time it will be courtesy of the Obama/Dudley/Geithner cartel.
wally Says:
March 3rd, 2011 at 9:25 am
“Banks are carrying lots of housing inventory waiting for a better residential market to emerge 5 or 10 years down the road.”
A self-defeating act; they’ll be a drag on the very market they hope will improve.
curbyourrisk Says:
March 3rd, 2011 at 9:42 am
Mark…my GSE comment was not related to your comment at all…..just something completely different.
As for the rst of your comment……… The FED RESERVE has been controlled by the government for some time…effectively making a exetnsion of a branch (or multiple branches) of government.
If you do not believe that the actions taken are not complicit in allowing the banks to mock america and fill their coffers at our expense, then you sorely are mistaken….
stopGOVTwaste Says:
March 3rd, 2011 at 10:03 am
stopGOVTwaste
stop_govt_waste@hotmail.com
68.205.104.52
2011/03/03 at 9:38 am
I thought the banks wanted defaults… so they can obtain the Credit Default Swaps, right?
Isn’t this why they tell people to stop making payments (must be 90 days late in order to receive assistance)?
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