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Recent NorCal Blogs Posts
It just dawned on me from what demographic is drawn Quentin Colgan’s and Joe Shaw’s blog traffic.
You know, I’m guessing there were intelligent people present, and intelligent things were said – this film is obviously presenting a lop-sided image of what went on Saturday.
That said, I think the whole “sub-prime loan” scam should tell us, we do need more regulation in business.
Back in 2000, my mom died. She left me shares of Putnam stock. I heard the market was tanking, and I tried to cash out those shares – they were losing thousands of dollars in value. But the brokers kept making excuses as to why they couldn’t cash out my shares – for one thing, they told me I’d need a specially sealed death certificate. So, I went to judge Angus St. Evans over in Glenn County – he told me that was a crock of (snip). He told me to tell them he said so. I did. Long story short, they finally sent me what was left of my mother’s shares.
Later we all found out, on the national news, there was misappropriation with the Putnam shares specifically – I can’t remember how it worked, but I got ripped off, and it was acknowledged nationally, but I never got any of my money back and nobody went to jail.
That’s what those kids are struggling to understand – admit it, there’s alot of corruption, malfeasance, and just plain embezzling going down on “Wall Street,” and nobody’s doing anything about it. Lambs are being eaten by wolves every day. Don’t make fun of them because they don’t understand. This is why people like me wouldn’t touch the stock market with a 10 foot pole. It’s set up to screw most people, that’s how a few other people get rich. If somebody wins Jack, somebody(ies) has to lose.
And, you also must acknowledge the power corporations have over our election process. I was just watching Colbert last night, he explained the new PAC’s who don’t have to tell who their contributors are. Great!
Let’s have a real discussion here, instead of just making fun of these people. Let’s acknowledge that there is something wrong with our financial laws and a general lack of oversight, instead of just making fun and sweeping the problem under the rug.
Also, since I’m on a running bitchfest this morning, I’ll say, I’m sick of the discussion turning into a turd war between Quentin Tina and Pie. Sorry, had to say that. I know you’re all three intelligent people and I’m sick of watching you fall down like a pack of three year olds on a tangent, pulling stuff out of your diapers to smear on each other.
Yep, I’m in a fine mood today! Stay the hell off my front lawn if you know what’s good for you.
OMG!!!
Quentin, it’s YOUR PEOPLE!! You belong in New York pal, they speak your language there!
#1: I don’t ever make any blog posts to Post Scripts. I am not a member of the blog staff. I only suggest material in the comments section from time to time and either they use it or they do not use it. Sometimes I am credited, sometimes not. I could not care less about credit.
On rare occasions the kind folks at Post Scripts take some of my comments and turn them into a blog post.
#2: I got the joke in the headline straight away PoQ. Evidently it completely escaped you. (No surprises there.) Try having a cup of coffee before commenting in the morning, it might help.
Re Juanita’s:”You know, I’m guessing there were intelligent people present, and intelligent things were said – this film is obviously presenting a lop-sided image of what went on Saturday.”
Your view has some merit. I agree that the coverage may have been be lop sided, but there is no evidence I can find to the contrary. In fact, I am fairly well convinced that this is representative of over 90% of the participants.
By the way, they are not kids. They are either young adults or older. My kid nephews are nowhere near the intellectual level displayed in the video.
As for Wall Street itself, there are good people in this world and there are bad people. When the law is applied and the regulators do not turn a blind eye, the system has been known to work pretty well.
The website linked below documents protests like this. It is a real eye opener.
http://zombietime.com/
Have you ever read Quentin Colgan’s blog? (Or Joe Shaw’s for that matter?) Do you ever post to the comments section? Do you have any idea what they think of you?
Just curious.
By the way, September 17th, the “DAY OF RAGE” came and went with little impact.
It appears the same woman in the Brains video was also a participant in the “DAY OF RAGE”. Scroll down to the ninth photo.
http://zombietime.com/day_of_fail/
Also of interest is the Hitler mustache on Obama’s image. Evidently Obama has replaced Bush as Nazi Fhrer for the radical left.
Right Arm! Farm Out! Free Mumia Abu-Jamal!
Q, it was a typo, my bad. I see you did the same thing, you misspelled behind! I fixed it for you.
More brains.
http://cityroom.blogs.nytimes.com/2011/10/01/police-arresting-protesters-on-brooklyn-bridge/
Juanita: “That said, I think the whole “sub-prime loan” scam should tell us, we do need more regulation in business.”
Over 50 thousand pages of regulation have been put in place since Obama took office.
Tell me something, Juanita, if you were a regulator would more pages of regulation make it easier or harder for you to do your job?
Wouldn’t it make more sense to scrap all regulations and replace them with clear, concise regulations that would be difficult for business to get around and easy for regulators to enforce?
The sub-prime scam was made inevitable by regulations put in place in the Carter and Clinton presidencies. Those regulations were in direct conflict with other regulations that lenders were supposed to follow. Regulations that had to do with what qualified a customer for a loan had to be ignored to comply with the Carter Clinton regs.
Lenders were put in the position of making bad loans or facing regulators and being slapped with big fines or not making bad loans and being sued by ACORN. They chose to comply with the regulation that demanded they make bad loans. Now they faced another dilema. With all that bad paper on their books they were in danger of losing their ratings (as the US just did a few weeks back). When that happens it becomes more difficult to borrow and to do business with other banks…they no longer trust your ability to meet obligations. The lenders were allowed to bundle these bad loans and sell them to Fannie and Freddie. But eventually the number of bad loans became so great that the tower of debt had to come down…and down it came!
The problem here is that this type of “regulation”, regulation designed for social engineering, invites high risk speculation and greed. It is also difficult to watch or prosecute…not that anyone in government was interested. Certainly the top dogs at Fannie who were making millions in bonuses because of the high volume weren’t going to hit the panic button. At least one of them even cooked the books to make more…talk about greed!
If we want business to be accountable and fair the best way to do that is with simple regulation that supports business in upholding the law.
The frustration you feel is understandable. The average person has little control over what happens in Washington or on Wall Street. My contention is that investments should be considered in the same light as gambling. If you can’t afford to lose you shouldn’t play but if you do decide to play, make sure you educate yourself first and/or find a good manager that you can trust.
“you also must acknowledge the power corporations have over our election process.”
“Corporations” are things. The people behind these pacs have as much right as anyone else to contribute to elections. Nobody worried much about pacs as long as they were union pacs…why is that? Teachers union pacs have had a huge influence as have the UAW, Seiu, and others. In the ned it is people making the contributions and they, as citizens, have that right.
Having said that, the influence that bought Solyndra a fat cash deal, personally pushed through by the president, is another story. Any politician found accepting campaign cash for favors should be prosecuted and tossed out on his ear. It’s up to the voters to do the latter and we have done a poor job of holding them accountable for their crooked ways.
I didn’t get that the young people above were struggling to understand anything. I get theyve been told certain things are true but they have been given very little information to back up the position and certainly they have not been given the opportunity to think or evaluate for themselves based on a balance of information.
For now I will “keep off the grass”, Juanita, thank you for your support.
Update on The Occupy Wall Street movement:
A Pizzeria serving protesters in New York has added a new item to their menu — the “OccuPie special.”
You gotta love that!
http://www.nytimes.com/2011/10/02/opinion/sunday/kristof-the-bankers-and-the-revolutionaries.html?_r=3&pagewanted=all
Yet even more brains —
Roseanne Barr: Behead Bankers, Rich Who Won’t Give Up Wealth
http://www.realclearpolitics.com/video/2011/10/01/roseanne_barr_behead_bankers_rich_who_wont_give_up_wealth.html
CAPTCHA word: occupied
HAH!
More from the brainy left —
The Garofolo Theory —
“Herman Cain is probably well liked by some of the Republicans because it hides the racist elements of the Republican Party.”
This is the same Garofolo who said conservatives had rejected President Barack Obama because he was black and they are racists.
Damned if you do. Damned if you don’t. Janeane Garofalo sure is hard to please!
The Maher Theory —
Republicans are so frightened that Texas Gov. Rick Perry is dumb they are even willing to support a black guy instead.
How do you like them apples, eh?
Q, teh godo peopel ta SP cuold splel eevery wrod rwong adn thye wuold stlil ckik yuor bolgs ssa.
ROFLMAO
That’s good ol American business ingenuity for ya. Someone will always find a way to make a buck off something! Good for him.
“For now I will “keep off the grass”, Juanita, thank you for your support. ”
thank you Tina.
“Your view has some merit.”
Thank you Pie.
I don’t read Quentin’s blog – why would I? He’s obviously gone off the deep end. Why do you read it? Do you stop to goggle at road side tragedies?
I don’t read it Juanita, but I have skimed some entries because I was curious if his blog was as demented, deranged, and foul as his comments here are.
I was just wondering if you had read his or Joe Shaw’s blog.
I have never read Joe Shaw’s. No need. His appearances in the comments section of Post Scripts tells me everything I need to know about how he thinks. The man is totally locked into left-think.
And typical of left-think it seems that every time we have an exchange here has a snit fit and points out in one way or another that I am no match for his vastly superior intellect.
He is probably right, I will likely never be a match for Joe Shaw’s intellectual prowess.