Maurice R. Greenberg: Sleaze Expert

Today the Wall Street Journal gave space to the sleazey, disgraced AIG executive Maurice Greenberg. Maury did a piece titled " Six Steps Toward Financial Reform".  

Yes, Maury we know you know how to reform the financial system. Because you were one of the first to identify its weakness' in regulatory oversight and bring on the collapse of your own firm.

Congress Says No To Fixing Wall Street & Everyone Else Should Spend

The Wall Street Journal today carried the news that 4 unnamed, key senators are against limiting proprietary trading by Wall Street firms. This is another example of how we are alone against the gangsters of Wall Street and their contemptable, bribed enablers in Congress. Proprietary trading by banks that have insured deposits by the government is how and why we had the recent financial meltdown in worldwide financial markets. And we are not through with that debacle yet. But our law makers refuse to reform the Street and are setting up an even greater collapse in the future.

The Journal also carried the news in another article that the Wall Street bankers received app. $20 billion in bonus money in 2009. That's a 17%  increase from the year before despite the near depression. There you have it. All it takes is money and congress is yours. 

Meantime Obama and Congress are spending money like drunken sailors and prodding all in the U.S. to spend. How can people or business owners feel secure about the future when the predators of Wall Street are still roaming and still able to financially kill at will?

The New York Times carried an article on how many states are liberalizing their gun laws. Take advantage of these new laws and prepare for the future. Hopefully it won't be necessary but how can one trust in any government?

Where Are The Indictments For Financial Meltdown?

Will anyone go to jail for the financial misdeeds and meltdown? No. Because the heretofore criminal financial manipulations were made legal by the legislation that Congress passed. Wall Street and the bankers bribed our reps. Congress is largely a criminal enterprise. Don't forget .

Problem Attorneys : Final Solution

Ira Sorkin is a friend, investor and attorney for Ponzi schemer Bernie Madoff. Sorkin presumably lost money with his investments in Madoff securities. But now Sorkin will defend Madoff against all criminal charges. I don't know what passes for normal friendship between shady consenting Jewish operators but they are still talking. Of course Ira is talking and Bernie is paying. Ira Sorkin is the quintessential form of attorney. Cheating and lying friends will not stop him from defending those same friends so they may delay or escape justice. There is one caveat: "Innocent until proven broke".

Here in San Francisco our Yellow Pages have 76 pages of attorneys ! There is no other professional category in the Yellow Pages that even comes close to that count. This fact begs the question," Are there any barriers to becoming an attorney?" The underlying fact that supports this legal infestation is the legal system rewards delay and by extension this includes rewarding lying and outright incompetence. No other professional pursuit rewards delay. Consequently the carrer attracts morally ambivalent people who can also be incompetent. One only needs an abundance of greed to succeed in the legal profession.

What's to be done to solve this predation? I'm intrigued by an old African rights of manhood ritual. This ritual happened before the European colonials and Bill Gates showed up. The custom was for young men to kill a lion with a spear ( my sympathy is with the lion). Then he would be considered a man worthy of respect from the tribe.

How about introducing a variation on that custom here in the U.S.? To wit, in the pursuit of real-time justice and to shed political correctness young men and women should be encouraged to slay attorneys with a weapon of choice to prove a break from childhood. Maybe a higher mark of ranking could be given if the slain lawyer was Jewish.

Why Do We Need Banks?

Today Federal Reserve Chairman Ben Bernanke was pleading for more money. He said banks need more capital if the economy is to recover.

Why do we need banks? What's their value-added? Let them fail. They use other peoples assets and skim more than their fair share for themselves. So why not eliminate these bad managers and their stockholders who can't be trusted and let people be responsible for their own assets? I'm sure people can more carefully protect their assets than the over-paid predators that run our banks. Individuals can loan people money and collect interest just as easily as a bank can. And if they can't, then that's their own problem.

There is way too much financial linkage between people. By definition that linkage grows till it fails because of it's unwieldly size. Time for a new paradigm. I suggest a barter system. Let's get rid of the parasites like the greasers in government and Wall Street that script Bernanke's message.