Ron Paul on the Failed Bail Out
Posted on September 29th, 2008 by Kemp
Filed under: Current Events, Economics, Social Mood | 2 Comments »
Great House Speech on the Bail Out
Posted on September 29th, 2008 by Kemp
House Republicans are, rightfully, abandoning wannabe-dictators Bush and Paulson on this farce of a Wall Street bail out.
Filed under: Current Events, Economics, Politics, Social Mood | 1 Comment »
A Picture Worth $700 Billion?
Posted on September 29th, 2008 by Kemp
In my mind, this picture provides the personification of disgusting character in our Federal Government. I think Pelosi is rejoicing at the smell of sulfur seeping from her fellow politicians’ mouths as they speak.
(click picture to enlarge)
Filed under: Current Events, Politics | 1 Comment »
Update on WaMu, AIG and Lehman
Posted on September 26th, 2008 by Kemp
I wrote about WaMu, AIG and Lehman on September 12.
On the 15th, Lehman announced its bankruptcy.
On the 17th, the AIG bust/bail out was announced.
On the 25th, WaMu is done.
I expected these entities to really struggle, but I definitely did not expect that they would all be pretty much belly up within two weeks of my [...]
Filed under: Current Events, Economics, Social Mood | 1 Comment »
Letter to Senator Barbara Boxer on the Bail Out
Posted on September 25th, 2008 by Kemp
Ms. Boxer –
ABSOLUTELY NO TAXPAYER BAIL OUT!!
I didn’t work hard, avoid debt and live in austerity in order to be fleeced to pay for the foolish activity of brain dead bankers. Please do not make the United States into a further mockery of justice. As my representative I urge you with educated sincerity [...]
Filed under: Current Events, Economics, Politics, Social Mood | 6 Comments »
Summing Up the Bail Out in One Word
Posted on September 25th, 2008 by Kemp
EXTORTION.
Filed under: Current Events, Politics | No Comments »
This Just In: Our Government is TRASH
Posted on September 23rd, 2008 by Kemp
1. Ron Paul explains how the extreme government intervention proposed by neo-fascists Paulson and the rest of the Bush Administration would in fact hurt the people. Any time you plunder the living day lights out of responsible individuals in order to back stop the mistakes of the ignorant, greedy and/or corrupt, you are setting [...]
Filed under: Current Events, Economics, Politics, Social Mood | 3 Comments »
Some Steps to Take in This Government-Sponsored Storm
Posted on September 20th, 2008 by Kemp
All of this government activity is totally arbitrary and nonsensical. It is illegal and immoral. There is no positive rational outcome from this action. It is willy nilly behavior, the sort that shreds the fabric of rational society that is the bedrock for all positive socio-economic outcomes.
Prudent and good individuals must do a number of [...]
Filed under: Current Events, Economics, Politics, Social Mood | 1 Comment »
Massive Government Intervention Will Make the Crisis WORSE
Posted on September 19th, 2008 by Kemp
Below is the 5 year chart of Wells Fargo. Note that we are in the biggest banking crisis in 20 years, on a very conservative basis. Every bank is in some degree of danger regardless of their relative strength. Note that Wells Fargo reached a then all time high of about $38 [...]
Filed under: Current Events, Economics, Politics, Social Mood | 4 Comments »
Market Indicates Lehman, WaMu, AIG on the Ropes
Posted on September 12th, 2008 by Kemp
According to the best historical indicator of potential bust, the collective trading of individual shares of a company by the market of individuals, brokerage giant Lehman Brothers (LEH), massive thrift institution Washington Mutual (WM), and insurance behemoth AIG (AIG) are in big trouble of witnessing a total break down of their business prospects.
Lehman Brothers is [...]
Filed under: Current Events, Economics, Social Mood | No Comments »
