How Economic Problems Perpetuate, Part XXIV
**Written by Doug Powers
MF Global, the securities fun led by Jon Corzine, recently declared the eighth largest bankruptcy in US history and is now said to be the subject of an FBI investigation. Hundreds of millions of dollars remain unaccounted for. The bankruptcy was preceded by high risk-taking, a credit downgrade to junk status, heavy debt and the company allegedly used money from client accounts. As a result, last week, over a thousand people lost their jobs without severance and 150,000 accounts are frozen.
Rewind the tape a couple of years: In 2009, Joe Biden said that the first thing the Obama administration did about the banking crisis when they took office was to… call Jon Corzine for advice.
This clip could be coming soon to a Republican presidential candidate’s ad near you:
Thank you, Mr. Vice President — that helps clear things up.
(h/t Breitbart.tv)
**Written by Doug Powers
Twitter @ThePowersThatBe
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well, it looks like jon did advise the president. only obama used our money to make these high risk investments. does anybody really know where the money is that barak blew?
If a big government Republican runs an ad referencing this speech by VP Biden, while it might score big with voters, in reality, it will represent nothing more than the ‘pot calling the kettle black.’
Does bho have some of this money in his re-election stash? With all the millions upon millions these crooked people have ‘lost’ and can’t be found, well it has to be SOMEWHERE? Money just doesn’t vanish without a trace, does it?
L
Who named that company? Seriously.
Bribery and blackmail payoffs. It takes a lot of money to get people to keep huge secrets. AND, those secrets WILL come out, it’s just a matter of when.
Also watch for a trail of bodies, coming to a town near you. These people play for keeps.
You are right about the bodies. Remember all the people that bill and hill was involved with that ‘died’ in various ways? Nothing could be proved, but people they knew were falling like flies with bugspray!
L
I wonder how much stimulus money and TARP funds wound up in private Swiss and Caribbean bank accounts.
You are certainly right about one thing: Barak blows…
I had a list about that – don’t know where it is now – but it was an amazing list. People committing suicide with a double gunshot to the back of the head. You know, the typical suicides. not.
I remember seeing this guy on TV advertising a book he published. Anybody can get a government grant kinda thing.
All these leftest probably worked from that and moved on to bigger and better things.
This guy Corzine probably went to “The Economic School of Grifting”, or “How to Cheat Your Mother Out of Her Last Dime”, only $19.95.
My husband occasionally accuses me of be a “conspiracy nut”, although he agrees with me on most things. But the facts are out there. If people would just put them all together and have a look, I believe they will see, these are too numerous to be coincidences. The connections of so many murders, mysterious disappearances and “suicides” are there. NO ONE in the MSM dares to connect all the dots because then they would have to face the reality that they have been on the side of evil all this time. They refuse to go there.
One can only hope, but I don’t have a whole lot of confidence in the GOP’s ability to take political advantage of Democrat Achilles’ heels that are presented to them on silver platter. How many Republicans, for example, made an issue out of this?
Blackstone: Interesting article and exactly what you would expect from a leftest. You pay but not me. Somebody has to pay for the goodies that keep them in power, just not them.
Quote
This clip could be coming soon to a Republican presidential candidate’s ad near you
Quote
There is not one R that will have the cajones to mention this let alone actually run it with commentary.
Maybe, just maybe, a 529 will.
Looks like Obumer will get away with it.
Sometimes, in sports, there are 2 team mates in contention for first place. But one has been predetermined to help the other to actually win. The loser didn’t win, which is fine, because the TEAM won.
Maybe we need a plan like that to beat Obumer.
I agree about the pot and kettle thing, but it’s the kettle on the stove right now, and the first part, scoring big with the voters, is what we should focus on.
We do seem to have a history of playing too nice, don’t we. But I hold out some hope, as there seems to be a different tone coming from some candidates and pundits. Has anyone heard Rove’s ad attaching Elizzy Warren to the OWS morons? That’s not very “nice,” and it should prove quite effective. (Don’t get all anti-Rove on me, people. He’s just the one doing that at this time.)
That could very well happen…
I think the website you may be referring to is The Clinton Body-Count, and Vince Foster is the fellow with the double-tap suicide.
High risk-taking, credit downgrade, heavy debt. Sounds like the US government.
And clean shoes in the mud if I recall correctly.
This is a big effing deal for old Joe – he just doesn’t know that most of us consider it a negative.
Thanks for that information. Quite a list they have there!
If we had any idea who bho was around in his early years, wonder if any had similar ‘deaths’?
L
Mother Fudge Global? Probably someone who voted for the WTF party.
Before the usual partisan piling on gets going in earnest again, it is absolutely critical to accept the reality that it is universal among almost everyone in “both” parties.
Here’s a quote from the article linked regarding insider trading within Congress:
So even when Republicans controlled everything during the Bush years, the best Baird could do finding co-sponsors for his bills to outlaw insider trading was 10 co-sponsors. What does that tell yo?
The reason nothing ever gets done to clean up Washington is the “There but for the grace of God go I” factor. They are ALL crooks. Replacing crooked Democrats with equally crooked Republicans gets us nowhere. But that is all we ever do. And the war against conservatives inevitably succeeds because “conservatives” can be counted on to always hold their noses and vote LOTE in the end. Liberals always win because “only liberals are electable”.
2007, in a 40 day period, several gay guys Obama knew (from his church) including the choirmaster were shot execution style.
Corzine could have been the next Treasury Secretary. Genius….
http://www.nj.com/salem/index.ssf/2011/08/former_gov_corzine_eyed_as_gei.html
OMG, how did you find that? Was it the wright church bho and mo went to, but didn’t listen to what was said?
L
Obama is too inept to decide who gets what job with his evil administration. Soros tells him what to do, and he does it. As to where all this money goes…Soros decides how much he gets and how much has to be paid out in hush money. All of it, of course, not taxed but taken out of the country to Swiss and Caribbean bank accounts with protective no reveal laws.
Totally agree. We simply must have honest reps. And Congress should have NO exemptions from whatever laws they pass.
Blah, blah, blah. Same song, second verse. I don’t know why I even start to read your posts. I guess I keep hoping you will talk about something new or different, or at least stay on topic. Sigh.
Yes. Here’s a link to a Google search – you can pick your own source.
OT
Looking out the window I can see the freeway is totally shut down in the Ewa direction. Cars sitting there for at least 20 minutes, engines off. Part of the APEC mess – each dignitary wanting to show their importance by shutting down traffic. Really, nobody knows or cares who they are. Probably Obama going to play golf. I hope the Chinese gave him some economic advice during their meetings.
letget #25,
I read somewhere a week or so ago (sorry, no linky love)that Wright`s church had a history of arranging marriages between gay black men to crabby black women.
It does kinda fit the “gay bho” narrative and Moo is certainly a “crabby black woman” ! Also fits neatly into the puzzle of many missing pieces !
Sorry Happy, but what Phil is saying is important. Congress making sure that insider trading doesn’t apply to them (ditto Obamacare, Social Security, Medicare, etc., is a big deal.) It should concern every American.
Yes, Obama manages to screw something up wherever he goes. He does seem to hate being in DC doesn’t he? Why does he want to be POTUS for 4 more years? He hasn’t been a REAL POTUS this time around! I know he doesn’t want to give up his toy, AF One…I would be willing to chip in and help buy him a fancy airplane, if he would just fly it to Kenya and stay in his homeland for the rest of his days.
AlohaGuy #30,
Just think, from your vantage point, you can watch the ridiculousness in relative comfort, confident in the knowledge that in a few days all this will be over and America`s Paradise will be back to normal(ish). And before long, you can look back on it with a good guffaw !
Good luck with that !
That part is important, but his constant harping on how awful the republicans are and if you vote for one you are an idiot…it has gotten on my last nerve.
I can barely stand to read Phil’s posts any more and that is a shame because, as you say, some of what he says IS important. How to separate the wheat from the chaff is my problem. I am 69 years old. Time is fleeing. I only have so many hours in the day and I don’t want to waste my precious time on Phil’s constant harping on the same stuff, over and over and over ad nauseum. Maybe Phil could post the important stuff totally separate from the crap and give a warning about which is which. That might help.
Thanks for the links. It was interesting to say the least!
L
Typo or Freudian spelling slip???
Who thinks that voting in one of the top 3 Republican candidates is going to alleviate the need for the posts such as this one by Doug?
Remember the part about there being no shame these days? Why are you exempt from your own rules? It’s like I’ve pointed out to you so many times, you are all over the map with your logic.
You keep saying you won’t read my comments but soon after, there you are again. You are under no obligation to attack people who don’t share your simplistic and naive “Republican Uber Alles” POV. Some of us are actually trying to do something. Lead, follow or get out of the way because your was assures us the we will always have bigger and bigger government.
We are going to have to redefine media bias after this election because after seeing the total lack of serious coverage Ron Paul is afforded, it is appropriate to not only regard the media as anti-republican, but to regard them as anti-libertarian.
No one will ever eliminate corruption, unless he is a ruthless benign dictator.
How much replacing Obama with Cain or Gingrich or Romney will improve things will depend a great deal on what kind of Congress we give them. If they get a Democrat Congress, then fsssst. If they get a RINO Congress (R but with nearly half D’s), then it should be bit better than we had under Bush during the few years he had a R Congress.
If we give the new R President a conservative Congress with solid R majorities in both Houses of Congress, then any one of those three will become a great conservative ‘leader.’
Oh, and btw, no matter what happens, the Ronulans won’t approve of it.
“How Economic Problems Perpetuate,”
Simple. Put leftists in power. Then it happens and perpetuates.
That speaks to the very reason Cain and Gingrich are polling so well against Romney, they refuse to play by the rules laid down by the liberal establishment. That is what Cain has been doing all along. Gingrich gained traction as soon as he started attacking the very “gotcha” context of the questions posed to him.
It’s also a big part of Ron Paul’s appeal but mostly because of all of the people on that stage, like him or not, he is the only one who can be relied on to mean what he say and to follow through with what he says he would do. It’s only a matter of time before voters rediscover that Gingrich is and even more shameless shape-shifter than Romney.
Whoever wins among the Republicans, they need to be disabused of any temptation to claim that rejecting Obama is an endorsement of the Republican version of the Bush/Obama socialist agenda. We want smaller and more responsive government, not an out-of-control government whose growth accelerates at a slower pace.
So close. But that’s the idea for next year. The WH is hopeless as is the Senate. But magnifying the power of those 20 who shamed leadership of the “1/2 of 1/3 of the government” that wouldn’t stand their ground would turn the tide. William Jacobson of “Legal Insurrection” calls it “Operation Counterweight”.
It would be a major victory. But we would still have to be vigilant because these guys are bought and paid for by the same dirty money that got us into this mess in the first place.
***
I don’t think that the Comrade Obama Regime and His / their Ilk are going to get any publicity passes in the future. Yes–the American Pravda Media (aka MSM) will continue to fly their excellent air cover–and will ignore any serious corruption by them. While ginning up false “red herring” stories about the conservative challengers.
***
But Fox News T.V., the conservative internet blogs, and talk radio will bring it on. As will the Sarah’Cuda from her Alaska home garage studio.
***
And don’t forget what happened when the SWIFT BOATERS blew Long John Kerry out of the water in the 2004 campaign. And the alternate media bloggers and Fox blew away the phony Dan Rather / Mary Mapes story about President Bush 43′s “bad” military service record.
***
There’s a new paradigm in action here. And it is taking off like the old Sprint ABM of long ago. From ground level to out of sight in 3 seconds. Fueled by the most corrupt U.S. government since President Grant’s of long ago. And by the unhideable horror unemployment and job loss statistics.
***
Look out, Comrade–Incoming! Couldn’t happen to a nicer (aka more deserving) guy. 300+ days–and counting!
***
John Bibb
***
The first thing the crooks did was to call a crook for advice. That sounds about right. And the MSM and the rest of the Vichy Press and celebrity elite stand by like deer in headlights. They will continue to cheer and adore these criminals as America and the rest of the civilized world slip under the waves.
Excellent question petee. That’s one of the first things a grand jury should ask. I’m thinking it’s somewhere up on Gumdrop Mountain or near Lollipop Lake.
Can you imagine what this chick was like when she was 25? I say President Cain puts her in charge of national defense, with a gold-plated fry pan on her massive desk. Underneath it says: “The as*-kickicking begins here.” LOL.
You and about everyone else here Hap. Most are afraid to call him out for fear the Phyllian tirade – anyone who disagrees with him is an idiot, stupid, moron, dope and of course the most slanderous, disgusting and obscene insult in history – RINO! Then, of course, we get the poor puppy victim whine chorus when someone responds. It’s just freakin tedius.
No one suggests there us no systemic corruption in the GOP. WTF do you think politics is? Second oldest profession. I believe the topic here is the present administration’s connection to, and enthusiastic endorsement of a guy who just swindled investors for hundreds of millions.
Zero rose to power in the Chicago Machine, and you can’t come out of a cesspool and not stink. Does anyone even care that the chief of staff to POTUS is Bill Daley – son of “The Boss” and founder of the Chicago Machine?
And where did the present turd in question come from, me wonders? Corzine started out with an MBA – Chicago School of Business and made his bones at Continental-Illinois National Bank in Chicago when “The Boss” was still running the machine. Huh. There’s that stench again that permeates Bupkus Barry’s entire disfunctional entourage. Are you implying that, say, Bush had the same kind of connections? HW? Reagan? PUHLEASE.
What exactly are you doing to get conservatives elected? Sheesh. Never mind.
***
HI RED_DOG–*48. “Now hear this–now hear this–this is the Captain speaking! All liberals on deck! Report to Chief HappyScrapper for your daily “attitude adjustment!”
***
Whang! Blam! Pow! Three per customer should work out pretty well. Although some of them seem to be very slow learners.
***
John Bibb
***
The Vichy Press will turn on him when it dawns on them that their own lives are at stake and not just those of folks in flyover country. I have to hope that justice will find her legs and take down these street rat vandals.
That’s precisely why my guts are in a constant turmoil. These rats’ racketeering enterprises are like a hanging curveball to a Ted Williams. If Barry and a lot of his friends are not indicted then no one can be. Justice has to prevail and raised up as a standard to the world: America is back baby.
that clip is the latest version of “Dumb and Dumber”, add Obeyme and you the modern version of “The Three Stooges”, cept these clowns are NOT funny.
WHY hasn’t congess brought articles of impeachment against that joker in the White House? If Obama was a white dude named Joe Smith, this question need not be asked. Are you clowns afraid of a black backlash? WHY???!!! They are less than 13% of the population. So what if a small percentage of that population riot? Are we all such a bunch of pussies? Hire some Koreans with long guns to perch on your roof if you’re so damned afraid: they sure as hell took care of THEIR business in 1992. Jeezuz H KeeRIST on a rubber raft, are we THAT scared? Say scared, you wallowing pussies and stay out of the line of fire!I’m 54 years old and am more
afraid for my hard working 25 year old son’s future than I am for mine! I WILL
take up arms if I have to. What about the rest of you?
KVal,
YEP !
You forgot the ultimate insult: “noseholder”. Phyl isn’t inclined to spend too much time analyzing the implications of what he claims to want, and he goes positively ballistic when anybody else does. It’s easier for him to just toss off a few insults, misrepresent what others are saying and retreat to his throne on Olympus along with his sycophants.
SignPainterGuy, you and I need to spread the word to the faint of heart. In my heart of hearts I doubt that the black population at large would commit to large scale rioting if Obama were not only impeached but convicted. No doubt some hard core idiots would get stupid, but they will not survive for long. However, if the black population at large decided they need to burn/destroy/kill then all bets are off and they will suffer as a group.
Well, there was this white dude named Billy Jeff Clinton who was proven guilty of multiple counts of perjury before a grand jury, obstruction of justice and malfeasance in office. He skated on a party line vote in the Senate. You had a much better case against Wild Willy than you would against Zero – and keep in mind impeachment does not decide only guilt, but whether those charges warrant removal from office. You’ll need 60 votes to impeach. Right or wrong, the reality is it won’t happen. Sorry. Do you seriously propose tying up congress again for months and starting a monumental political p!ssin’ match that will go both ways that ultimately accomplishes nothing?
I am with you there. I’m 57 and have kids and three grandchildren – for whom I would lay down my life in a heartbeat – and I’m mad as hell at these cretin trying to destroy our freedom and future. Yet I fail to see how shooting people is going to improve their prospects. Who do you propose we shoot at?
I’m doing what I can to help get Cain elected. That’s the best hope at this point. Even if Bupkus Boy gets reelected the GOP will still likely hold the House and there’s a good chance they will take the Senate as well – Which will reduce OBarry to making speeches and having townhall meetings.
swede, my point is this: IF the current congress is afraid to impeach that son of a whore AND convict him because they are so afraid of a backlash by the black population, what WILL they do? I feel that the majority of black folk have as much at stake as ALL of us do that they would stand down and let what happens, happen. If a small percentage of the black populace chooses to get stupid and get violent, well then whatever happens to THEM is their problem. They ARE a minority and will suffer beyond their percentage of the population. Will you stay at home and pray that the locale gendarmerie and/or the National Guard will protect you? I’m not betting on that.
And you call ME incoherent. Are you capable of forming a point of view that doesn’t insult CONSERVATIVES who disagree with your liberals-only arguments? Why do you wage war against conservatives? I mean seriously, Read the things you accuse me of then review my comments. Then re-read your comments. Aren’t you projecting? Phyldo? Pasydena Phyl? Are you five years old or something? Retarded? Or just hopelessly immature?
Every time you nose holders attack me with your illogical puerile comments containing nothing but ad hominems and slander, you prove why the Republican party is the Stupid Party. Your logic doesn’t parse. Electing corrupt liberal Republicans to replace corrupt liberal Democrats is not the solution.
Unwilling to think it through, you choose instead to attack with vile, puerile nonsense.
What are YOU doing to get conservative elected? Warring on conservatives (and please spare me your protests that you are an independent conservative, you vote Republican as if your wiring were hard wired to only that option). All I see are your efforts to get liberals elected.
If you read the many comments, you will see that lots and lots of people agree with me. In fact, more than agree with you. You need to start persuading people with facts and logic, not childish attacks. So let go of your nose, take a deep breath and let the oxygen flow to your brain. You are making no sense. Although I do find it entertaining that I can get people like you so worked up.
One of the MANY reasons congress isn`t likely to seek impeachment of Oblamer is the simple fact that MANY of them will go down too. THEY verified Obama`s fake ID !
I`m 58 and ready to protect myself and all others I can. I know that when seconds count, the cops are only minutes away and the Nat`l Guard is just a Governor`s order away ! Yep, gonna count on them ….NOT !
I worry about those who would be harmed by a black backlash after Oblamer is ousted, by whatever means, perhaps even by legit election loss, but I personally want him gone, whatever happens afterward. I will accept whatever consequences come !
My money is on this story fading away fast. The Obama Regime has everything stacked in their favor; DOJ, Congress, Supreme Court, media, networks. What else is needed?
Reemergence of Bolshevism.
Like this:
“Canadian PM eyes China after US pipeline delay”
Canada is not going to wait around while the Sock Puppet Dithers and sits on his can while Canada has thousands of jobs filled or in need of filling and a willing market to buy its oil,China.
Meanwhile – we are still buying oil from the Middle East. And the say our Dear Leader loves our country!
Personally, I’m amazed at how Phil can say the exact same thing over and over without using cut and paste.
That and complaining about idiots using ad hominem.
He’s like our own Ron Paul. 35% brilliant, 65% bat sh|t craxy.
Nope. I’ve called you arrogant and tedious.
It’s a joke you don’t seem able to get. IT’S MARK STEYN. NOT STEIN. If you use his quotes for credibility, you ought to spell his name right. I have strived to achieve your level of rational dialogue and failed. Retarded and immature are new ones I think. Congrats.
Phil, your next sentence after making illogical puerile comments containing nothing but ad hominems and slander is accusing others of illogical puerile comments containing nothing but ad hominems and slander. DO YOU NOT SEE THE HYPOCRISY AND DEEP WEIRDNESS? HELLO?
I have given hundreds monthly first to Bachmann but now Cain – which I can’t afford – and have had to make deep sacrifices in my personal life to do so. Also volunteered and have assisted with rallys, phones, fundraising and distributing campaign signs.
HOW ABOUT YOU? What are YOU doing? Snarky posts on net. Got it.
Michelle and Doug are both professed noseholders. Are they RINOs?
Did you even vote?
Phhht right. Phyl vanishing act. Bye Bye.
I’ve got you swingin’ Ds covered. I’m 59 with a bad ticker and a bad back and I’ll beat both of youse to the firing line. LOL.
Dear Leader needs to be in jail for gross malfeasence of office. Congress needs to bypass him. I nominate Joe The Plumber as acting President right now.
…and vetoing all of the Republican legislation that comes out of the house and senate unfortunately…
We need the White House as well.
One last time, Pasa-Phil: I will vote for ANYONE who is the REPUBLICAN candidate in a 2-Party race against Nobama. Oblamo called us “lazy” last night in his speech in Hawaii. I want to get him out. I am working 2 jobs now (since my real job didn’t give out raises for the last 2 years, fearing Obama-Scare). I don’t take handouts from the Gubmint.
I will fight to the end to make sure Oblamo is beaten this coming year. Whoever gets the nod for the Republican party HAS.MY.VOTE. Hopefully, they will be fully vetted, and Ready-For-Prime-Time politics.
I would even vote for you, PPhil, if it turned out you were the candidate.
Don’t forget his scam of Czar Appointments. Don’t need approval!
Whatever happened to the good ole days of Checks and Balances? Ahhh, fond memories….
For an administration that makes a tax-cheat the Treasurer, this is a surprise?
Now the admin simply writes the checks and could care less about the balances.
Nope, not him nor Ron Paul. Gotta draw the line somewhere.
The chance of Ron Paul winning the nomination is no different than the chance PPhil will, and since that chance is absolute zero, drawing a line is unnecessary.
Is Black Thursday – Retailers Response to Adbusters?
Are the Capitalist finally punching back at the OWS puppeteers? Who has really been hurt by this movement? Merchants.
What a great thread of comments! Can’t we all just get along. By the time we get to vote here in Texas, Iowa has already decided the choices and I will vote for a can of tomato juice before I ever vote Democrat. Heck the Chicago Machine is going to steal the election anyway so what’s the point of getting all worked up with each other? We’re all hard working (non-stop the last 40yrs, and I’m only 54) citizens that want the best for our children and grandchildren. Right? Ok then, get out there and work for free & FAIR elections in ’12 and quit pissing back & forth over who hates liberal progressives more.