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Comments

1. #1
   On December 28th, 2011 at 11:09 am, Marshall_Will said:

   Doug Powers said:

   advising the Environmental Protection Agency, perhaps on how to safeguard America’s economic lungs from inhaling any of the $1.2 billion that went up in smoke

   The Stupid… it burns..!

2. #2
   On December 28th, 2011 at 11:10 am, peteee said:

   i think this guy, or jon might be working for the treasury department as well, have you seen how fast they are making our money vanish?

3. #3
   On December 28th, 2011 at 11:14 am, Paratus said:

   This brings to mind an old comedy album by ‘The Firesign Theatre’ called ‘I Think We’re All Bozos on This Bus’.
   Evil clowns, but still clowns.

4. #4
   On December 28th, 2011 at 11:20 am, RedDog said:

   Like I said, it would be incredibly difficult to physically truck in and incinerate taxpayer cash as fast as Obama and his cronies are burning through it. It’s hard to imagine that it is actually being “spent”. Really amazing stuff. And the Vichy Press is cool with the whole thing. Wow. Just wow.

5. #5
   On December 28th, 2011 at 11:24 am, Truesoldier said:

   EPA Financial Board…yet another Government oxymoron.

6. #6
   On December 28th, 2011 at 11:25 am, RedDog said:

   It might seem odd that the EPA even has a “financial adviser,” considering the agency appears to exist in order to design ways to cripple and subsequently bankrupt private industry, but if that’s the goal then I suppose an MF Global exec was a good choice for the position.

   Excellent point Doug. The Constitution mandates that the Federal government is to encourage and facilitate commerce, not destroy it. The EPA acts more like an arm of the old KGB or the People’s Liberation Army. Talk about being in violation of the Constitution and its mandate. Crikey. Congress needs to carve it up come 2013.

7. #7
   On December 28th, 2011 at 11:31 am, Pasadena Phil said:

   Any company that has “global” or “warming”in its name would be deemed to be a green company by the EPA. Both would be like winning the lottery.

8. #8
   On December 28th, 2011 at 11:33 am, RacerDoug said:

   OK, I give up..what legitimate need does the EPA have for a financial advisor? Not just one mind you, but an entire board. The irony of someone who doesn’t remember where 1.2 billion dollars went, advising an agency that is trying to strangle my business is hard to swallow.

9. #9
   On December 28th, 2011 at 11:45 am, Marshall_Will said:

   Normally we refrain from dispensing “financial advice” in any form but when it comes to The Pigmen at MF Global, here’s some common sense steps to protect your assets ( without making a security specific recco )

   http://www.wcvarones.com/2011/12/how-to-protect-your-assets-from.html

   1. Get out of Type 2 ( Margin accounts ) The firm can no longer lend out your stock!

   2. Consider having stock certificates SENT to you for safekeeping.

   3. Bail on Precious Metals ETF’s. Ticking time bomb of leverage!

   4. Bail on your money market accounts. Go FDIC instead. Too much Euro-paper in mmkts!

   5. Where you must stay with a broker (for IRAs, for example), stick with independent, plain-vanilla firms like Schwab, e-Trade, Vanguard, or Fidelity. Avoid brokerages owned by the dirty, leveraged, global banks.

10. #10
    On December 28th, 2011 at 11:58 am, Rogue Cheddar said:

    Actually he is not a Vulcan but has webbed fingers like a duckbilled platypus, but I digress.

11. #11
    On December 28th, 2011 at 12:00 pm, NavyGal said:

    On December 28th, 2011 at 11:14 am, Paratus said:
    This brings to mind an old comedy album by ‘The Firesign Theatre’ called ‘I Think We’re All Bozos on This Bus’.
    Evil clowns, but still clowns.

    I HAVE that album; along with most of George Carlin’s stuff. I especially like Occupation: Foole and, of course, Class Clown, only most of the clowns we have in office have no class.

12. #12
    On December 28th, 2011 at 12:04 pm, cabrerski said:

    Let’s see…

    The EPA is dedicated to spending money to keep America “green” regardless of the cost to the public.

    MF Global was dedicated to spending money to keep Corzine “in the green” regardless of the public laws.

    Sounds like a pretty good fit, so why would you want to mess that up?

    /sarc off

13. #13
    On December 28th, 2011 at 12:11 pm, rambler said:

    As the politician spins…… I’m getting dizzy. More evidence comes out every day reinforcing the idea that none in DC know how to create success without cheating, stealing, lying or gaming the system. They haven’t a clue how honest people become rich. If Corzine had won with his huge gamble, none of the MF Global investors would have made a dime or even known about the gains. The massive collusion needs to be destroyed. We’re headed for more pain until we clean out DC.

14. #14
    On December 28th, 2011 at 12:11 pm, cabrerski said:

    On December 28th, 2011 at 12:00 pm, NavyGal said:
    On December 28th, 2011 at 11:14 am, Paratus said:

    Who could forget the “Further Adventures of Nick Danger” from “How Can You Be in Two Places at Once When You’re Not Anywhere at All” ? Loved those guys.

15. #15
    On December 28th, 2011 at 12:17 pm, cabrerski said:

    On December 28th, 2011 at 12:11 pm, rambler said:
    …More evidence comes out every day reinforcing the idea that none in DC know how to create success without cheating, stealing, lying or gaming the system. They haven’t a clue how honest people become rich…

    Just to buttress your beliefs, along comes this bit of news…

16. #16
    On December 28th, 2011 at 12:58 pm, NavyGal said:

    Let’s have some of the shared sacrifice on the part of every member of Congress; their salaries should be maintained at the median income level. (Boy, I should really cut back on the rummy eggnog, this comment sounds way too logical)

17. #17
    On December 28th, 2011 at 12:59 pm, Dexter Alarius said:

    They haven’t a clue how honest people become rich.

    I think it’s obvious that Obummer doesn’t believe honest people can get rich. If you’re rich, you must have gotten your money by lying, stealing and cheating. Therefore, the rich must be punished for their success.

18. #18
    On December 28th, 2011 at 1:03 pm, Mister P said:

    Obama only knows dishonest people. Just read his life story. That is why he settled in Chicago, worked at ACORN and became a politician and joined the Chicago syndicate.

19. #19
    On December 28th, 2011 at 1:09 pm, rambler said:

    Honest people wouldn’t be around bho for fear of being tainted. Sewage always smells.

20. #20
    On December 28th, 2011 at 1:14 pm, thejim said:

    History refers to it as raping and pillaging. This criminal administration considers themselves victors and deserving of the proceeds from sacking our great nation. Apparently too many of our Republican electorate agree with them as they certainly aren’t battling to save the country.

21. #21
    On December 28th, 2011 at 1:24 pm, spaceycakes said:

    thejim said:…Apparently too many of our Republican electorate agree with them as they certainly aren’t battling to save the country.

    there’s no battle involved in bending over & taking it up the rear.

22. #22
    On December 28th, 2011 at 1:30 pm, thejim said:

    Sad, isn’t it?

23. #23
    On December 28th, 2011 at 1:46 pm, Marshall_Will said:

    rambler said:

    If Corzine had won with his huge gamble, none of the MF Global investors would have made a dime or even known about the gains.

    As far as I can tell, hedge funds skirt or obscure any and all security laws and regulations. In the past they “participate in the profit” of their clients. With “fees” as much as 20% up front.

    Meaning the HF mgr. is going to get paid regardless. Or… the ‘client’ ( read mark ) has to see a 21% ROE to [net] 1%! But this is a brave new world. Normally a paying client would KNOW what he or she is invested in? So you’d only need go to the quotron to see how much you’re up.

    As Ann Barnhart had shared, she doubted much if ANY honest price discovery could exist in such a murky ‘arrangement’? So you’re probably right.

24. #24
    On December 28th, 2011 at 2:02 pm, AlohaGuy said:

    thejim said:

    History refers to it as raping and pillaging. This criminal administration considers themselves victors and deserving of the proceeds from sacking our great nation.

    Sadly, +1000

25. #25
    On December 28th, 2011 at 2:16 pm, AlohaGuy said:

    Since the media tag along with the President – except for his special secret trips to Man Country or wherever it is he goes once in awhile without them – they are out and about here… One local station actually ran a national reporter’s story on Pelsosi’s vacation (third year in a row) at the $10,000 a night resort, and how the average Congressperson’s income is up 15% in the last (hmmm, don’t quote me) five years I think it was, while the average American’s is down 8%. They quoted some Professors who explained how insider-trading works for Congress… It was probably the most negative story I’ve ever seen about a Dem in years, with the usual dripping sarcastic tone usually reserved for Republicans.

26. #26
    On December 28th, 2011 at 3:35 pm, Collateral Damage said:

    Absolute Power (or at least, the appearance of it) Begets Absolute Corruption. That should be the campaign slogan for Obastard 2012.

27. #27
    On December 28th, 2011 at 5:15 pm, FirstSkirt said:

    EPA – just another gubmint agency that needs to be dismantled or reorganized. How much was he paid to be an advisor/chair on this board?

28. #28
    On December 28th, 2011 at 5:31 pm, hawkeye54 said:

    on how to safeguard America’s economic lungs from inhaling any of the $1.2 billion that went up in smoke during his MF Global tenure.

    That money didn’t go up in smoke. It was transferred to certain parties off shore and overseas accounts, awaiting them to use to in living the life of luxury and when they find it more convenient to leave once the USA nosedives financially.

29. #29
    On December 28th, 2011 at 6:03 pm, Virginia Patriot said:

    Why is no one in jail when there were billions stolen?

30. #30
    On December 29th, 2011 at 11:08 am, cheapseat said:

    Looting the treasury is most easily done from the inside. How does one get rid of so much money so fast, only the gubmint can accomplish that. EVERY business runs out of money or it’s creditors put it into bankruptcy when it’s spending gets out of control. We the creditors of our government haven’t elected representatives with enough cajones to actually bring this spending spree to a halt. This huge mandated congress sent in just 11 months ago hasn’t stopped a dime of spending. They have continued to allow the plunder of our treasury by Obama and Reid, and said they can’t do anything with just one house. CUT SPENDING! Every damn year is an election year, so quit with the we can’t do it in an election year, and just DO IT.