Let them fail, and throw the CEO in jail

A company cannot be punished any more than you can tax them. They are nothing more than a pass through. If you want to fine or penalize a company you need to attack an individual(s). Fine them or take away their ability to earn a living, not only at the current company but also future companies in the same field. Companies don't pay taxes, people do, owners (shareholders), workers and customers pay the tax or fine, the company is just a shell, an unemotional, unfeeling, shell.

One for the big banks getting bigger

One more reason why your local credit union will soon be out of business, all part of the governments plan to concentrate power

Since April 1, the FDIC now costs a bank an additional between and ten and forty-five basis points as a fee on its assets. That is a payment the bank must make – any American bank – to the FDIC.

Few small bank or credit unions can afford this payment and mind you they were not the ones responsible for 2008, the rule should force only large banks who represent a systemic risk to pay the charge, since they are the one who caused the problems. Punish the law breakers not everyone.

But that is not the purpose of the rule, the purpose is what I wrote earlier, to concentrate power, more power in D.C. the easier it is to lobby, easier to control, easier to threaten, more likely to play ball, and more likely to be unionized, end game more power in D.C. Don't dismiss it as random noise from some government hater, just look around and see. You can't buy a Happy Meal in San Fransisco because the government does not feel parents are smart or strong enough to say NO to their kids, and they may have a point, the parents in San Francisco were probably the same people earlier in life who could not say NO to drugs during Nancy Regan's "just say NO to drugs" campaign either.There is precedence.

Venting

Fight the good fight
Dainel Plainview

Government jobs should not be free from Penalty

I agree with Barry from the Big Picture Blog, a government job should not be free from penalties when you fail to execute, even though the public sector unions feels differently

From the Big Picture

This is yet another crime we should be prosecuting people for. It is no different than safety regulators who failed to inspect carnival rides and 100s of children died. The bank regulators who refused to discharge their duties for ideological reasons should be prosecuted. That means investigating John Duggan and John M. Reich for nonfeasance. How are they any different from people who took payoffs from carnies and allowed children to die on unsafe rides?
Consider how bad it was under these to radical deregulators: We’ve mentioned this stat previously, but its worth repeating: Referrals for criminal prosecution plummeted under the Bush administration fell by 95%. While I have been frustrated by the poor policy and personnel choices Obama has made — and continues to make — the Bush administration was uniquely incompetent when it came to filling regulatory positions with anti-regulators. (Think Harvey “Shred-’em-before-the-subpoena-arrives” Pitt as SEC chair).

Its no surprise that these criminally negligent appointees did not do their jobs. These so-called regulators were far too cozy with the regulated. Friends, pals, drinking buddies. And so, they failed their charges, and left the taxpayer at the mercy of thieves.

Throw the bums in Jail, careful not to upset the unions Barry, big brother is listening and will take to Cuba for an extended stay "vacation". No trial and your "vaction" photos my include you in some questionable poses with other "vactioners" and German Shepards.


Daniel Plainview
Thank you for your support.

"The Singularity will allow us to transcend these limitations of our biological bodies and brains.."

Are Market Ahead of them selves

Earnings hmmm

AA - Miss
JPM- Miss
Fairchild semi- Miss

Not starting off on the strongest of footings for this quarter?
Are comps that high?
Is the market expecting the end of QE2 ?
What happens if there are no major private Treasury buyers?
What if the FED buy 90-100% of the auction volume?

or

Is this the big guys creating a buying opportunity for themselves?
Was Goldman's sell call on oil on really Buy call on oil at $105 ?

Daniel Plainview
Random winning

They Hate Everyone

This is great and from Marginal Revolution

Sentences to make you angry (or not)
by Tyler Cowen on April 11, 2011 at 7:00 am in Data Source, Political Science | Permalink

In a recent paper, James Lindgren of Northwestern reports: follow the hyper link at Marginal Revolution to the paper on SSRN

…compared to anti-redistributionists, strong redistributionists have about two to three times higher odds of reporting that in the prior seven days they were angry, mad at someone, outraged, sad, lonely, and had trouble shaking the blues. Similarly, anti-redistributionists had about two to four times higher odds of reporting being happy or at ease. Not only do redistributionists report more anger, but they report that their anger lasts longer. When asked about the last time they were angry, strong redistributionists were more than twice as likely as strong opponents of leveling to admit that they responded to their anger by plotting revenge. Last, both redistributionists and anti-capitalists expressed lower overall happiness, less happy marriages, and lower satisfaction with their financial situations and with their jobs or housework.

Further, in the 2002 and 2004 General Social Surveys anti-redistributionists were generally more likely to report altruistic behavior. In particular, those who opposed more government redistribution of income were much more likely to donate money to charities, religious organizations, and political candidates. The one sort of altruistic behavior that the redistributionists were more likely to engage in was giving money to a homeless person on the street.

This is much more to this paper. For instance, at the U.S. national level, racists tend to be pro-income redistribution on net. Anti-capitalist attitudes are associated with higher levels of intolerance. I thank an MR reader for the pointer, I am sorry that I have lost the identifying email.


The battle goes on

Daniel Plainview

It is a stupid act but...

It is a stupid act but it raises questions about the Religion of peace.

On the other hand what would pastor, Terry Jones, do if a follower of the Koran burned a bible in front of him?

My guess, about the same response death threats, except there would be no 4.2 million dollar bounty, they don't have any oil money.

’400 Death Threats’ Follow Koran-Burning Preacher To OC

April 6, 2011 10:08 AM

Print Share 398
Florida pastor Terry Jones (Getty Images)

SANTA ANA (CBS) — A Florida pastor blamed for inciting unrest in Afghanistan by burning a Koran was in town on Wednesday to appear on Truth TV, an Arabic language Christian network.

Rev. Terry Jones told reporters he had no plans to burn any more Korans upon his arrival at LAX on Tuesday night, but that he may hold another mock trial for the Islamic prophet Muhammad.

“We’ve had about 400 death threats,” he said, adding that Hezbolla, the Shia Muslim militant group, had put out a “reward out on my head for $2.4 million.”

Santa Ana police say they were warned that Jones was in town.

It was unclear if he has scheduled any public appearances.

Jones of Gainesville, Fla., said he planned to go to Dearborn, Mich., for a demonstration outside the nation’s largest mosque.

He has been widely criticized for burning a Koran following a mock trial March 20 at his church, saying he did it to draw attention to radical Islam.

Afghan President Hamid Karzai condemned the act. About 20 people, including seven United Nations workers, have been killed in rioting in Afghanistan.

(©2010 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report


Daniel Plainview

Fight the good Fight.

I could not have said it better myself..but

I think Barry will win because the bulk of our media leans...left not forward and if you continue to lean in one direction you will go in a circle ending back where you strarted. It will also happen if you have a limp.


Straight from Zerohedge

There is nothing remotely ideological or personal in my prediction that President Obama will lose the 2012 election. Both parties are equally out of touch with reality in my view, and both suppport the same things: a global Empire, an increasingly intrusive Savior State, a shadow banking system which is no longer under the control of State institutions (rather, the banks control the institutions), and various crony-capitalist cartels which fund political campaigns and partner with the Central State's bloated, unaccountable fiefdoms. The only visible difference between the two parties is slight variations in the relative growth rates of the most-favored cartels and fiefdoms. President Obama seems like a nice guy. Many people said the same thing about George W. Bush. While a likeable personality is a plus in a media-obsessed society, American elections boil down to this: Americans vote their pocketbook, and their pocketbooks will be a lot lighter by November 2012

Daniel Plainview

Fight the good fight