Comments on: Warning: This is Not Another Wall Street Conspiracy Theory, These are the Facts

By: Mona

Mona — Tue, 16 Mar 2010 13:21:16 +0000

Heres another bite to swallow, I am a home owner with a 1,164.00 mortgage payment 7.25% interest and a full time job, but I cant get refinanced because my credit score is too low. So dont go around wondering why there are so many foreclosures in the paper, the so called "help" from the government is just another smoke screen to get us to "believe" they are trying to help. I have never been late on a payment.

By: Henry

Henry — Tue, 02 Mar 2010 15:41:36 +0000

listen to conspiracy radio with Paul A. Drockton M.A.!

By: BruiserND

BruiserND — Thu, 25 Feb 2010 20:44:02 +0000

•If this government is legitimate, then why hasn't Congress and the Senate held full and formal investigations and open televised hearings on credit default swaps , collateralized debt obligations and fraudulently securitized mortgage backed securities?
•Please explain to the American people why the largest property crime in the history of civilization still goes uninvestigated and why no one has been prosecuted.

Greenspan Says Worst Financial Crisis EVER, INCLUDING the Great Depression « naked capitalism

By: BruiserND

BruiserND — Thu, 25 Feb 2010 18:06:28 +0000

Yes Sharon, it's time to take America back from Banksters

By: sharonsj

sharonsj — Tue, 23 Feb 2010 22:25:56 +0000

The range of readers/commentors on this site is fascinating. The latest poll is that 86% of the country mistrusts Congress and that we're still headed in the wrong direction. I agree that most of Congress has to go, but people are turning away from incumbents and voting in the new person, who tends to be a Republican. Since it's the Repubs who got us here, it means we will continue our downward death spiral. I really do think it's game over unless we take to the streets–and we start with Wall Street first.

By: Tom Caracciolo

Tom Caracciolo — Sat, 13 Feb 2010 04:22:12 +0000

We are in the final part of the process just prior to the end of a great nation. Democracy made us great when we had government of the people by the people and for the people. Our greatness is being eradicated by government of the people by the lobbyists for the powerful corporations and special interests. Many books have been written about this process and many more will be written in the future. The Golden Rule has been reduced to "He who has the gold makes the rule!" I was born in 1934. I remember F.D.R. and all who followed after him in D.C. I especially remember Eisenhower when in his last State of the Union message he warned all of us of the great danger of Corporations having too much influence on our elected officials. Nobody listened then and nobody is listening now. Too bad.

By: Al Davis

Al Davis — Sat, 13 Feb 2010 00:42:10 +0000

Where are the Timothy McVeigh types when they are needed!!!!

By: Al Davis

Al Davis — Fri, 12 Feb 2010 18:48:05 +0000

We will end up hunting the perps down like we did the Nazi's after WW 2. Friedman, Paulson, Turbo Timmy and all the rest when this now defunct system collaspes.
They know that and that is why they will all jump on a flight to China, South America, ect to evade prosocution. They are all making the exit plan now.
I propose getting them now, either through legal means, but Oh I forgot, the justice system is just as corrupt!
What thieir real fear is semtax vests going off in Goldman Sach offices, individuals taking execution into thir own hands!
Remember, 15 million plus out a job because of this bullshit, sooooooo at least a few of them are capable of taking on the task! Fortunate the greedy bastards are still around to take out , but it must be done soon!

By: mark joseph

mark joseph — Sun, 07 Feb 2010 20:35:48 +0000

The challenge with this stuff is distilling it down to a simple message that the masses will understand and react to. This a huge challenge as most do not even know who Geitner, Bernanke or Paulson are much less CDO's etc.

I agree with Flip (reply above) that the wave of joe six pack discontent needs be that much greater now, considering that the Supreme Court decided that corporations have the same rights as living, breathing citizens (if not greater rights…. considering the access to capital they have).

By: flip

flip — Sat, 06 Feb 2010 05:49:58 +0000

Do any of you really think writing congress is worth the effort?
Especially after the recent supreme court ruling concerning corporate campaign donations.
With that ruling democracy died.

By: John Allyn

John Allyn — Thu, 04 Feb 2010 03:06:11 +0000

I am very impressed by the intelligence of your readership's comments. I have been loosing hope that there is any intelligence remaining in society. Shah is one of the primary reason in give Money Morning much attention. Thanks for a great job, if this country is salvaged the information which you put on the wires will be seen as a major contributing factor.

By: Frau Schmidt

Frau Schmidt — Thu, 04 Feb 2010 00:29:39 +0000

Who cares?? It is all monopoly money. The biggest crooks are the Fed and the US Treasury.

Stop printing paper, and save the forests !

By: admin

admin — Wed, 03 Feb 2010 20:01:13 +0000

Great Story!

By: Expat

Expat — Wed, 03 Feb 2010 08:47:44 +0000

Our elected representatives don't particularly care about us. They participate in these sham hearings in order to demonstrate that they "serving the people and defending them from the evils of Wall Street." They don't understand the first thing about high finance. In fact, most of them would be in jail for embezzlement if they didn't employ smart lawyers and accountants to help them hide their ill-gotten gains. Congress is owned by Wall Street. Blankfein and Dimon let their dog bark at them from time to time to perpetuate the illusion of democracy. But it's all bullshit. Your role is to shut up, buy cars and LCD tv's, eat fast food, and send your sons to die in some foreign hell-hole so Halliburton shareholders can get richer. The beauty of this system is that Americans actually believe all the crap and believe they are the best.

By: CWON

CWON — Wed, 03 Feb 2010 02:57:52 +0000

I'm very interested in the Fed Balance sheet disclosure discussion. Things tend to get worse until they collapse completely as fraud goes. Here is a story that I think ties in well;

http://www.youtube.com/watch?v=cQyFxBG6dhY

How do we really know what the Fed is trading in? I too have wondered where the liquidity has been coming in from and what the Fed might be further involved with. Has the Fed been taking equity positions?

By: Key is Red

Key is Red — Tue, 02 Feb 2010 20:52:43 +0000

If America really and truly cares to know who wanted and waited for 9/11 to occure, look to the governm… not the ghouls in government, no. Look, please FIND the trial left behind by those involved in the put/stock options on United and American airlines in the days leading up to September 11th, 2001.
The people who begged for "A New Pearl Harbor" (in writing) -they are the ones who use rich brats in oil lands who'se relatives , at risk of losing American backed military protection, and at no concern to themselves who is killed in the U.S. and wealthy benefits increase so long as they do what they are told, are the one's who take the billfold fall.
The way Unied States policy is run these day's, with torture and theft of foreign resorts for lame excuses, I have to admit that milions of us regular, ordinary people here fear America may one day attack Canada. Perverted Power is making everybody nervous.

By: R G Harbolt

R G Harbolt — Tue, 02 Feb 2010 20:17:25 +0000

I thought you could good to prison for lying to Congress? Maybe, not true if you have enough power.

By: Money Morning Fan

Money Morning Fan — Tue, 02 Feb 2010 18:30:00 +0000

OBAMA and Bernanke are featured in a movie– about greedy hedge funds called "Stock Shock." Even though the movie mostly focuses on Sirius XM stock being naked short sold nearly into bankruptcy (5 cents/share), I liked it because it exposes the dark side of Wall Street and revealed some of their secrets. DVD is everywhere but cheaper at http://www.stockshockmovie.com

By: William Patalon III

William Patalon III — Tue, 02 Feb 2010 17:18:02 +0000

Dear Raymond:
Absolutely please feel free to forward this article to Congress. It will take action to bring about change. And the action that you suggest is a good place to start.
Thanks for your note, Raymond.
William Patalon III
Executive Editor
Money Morning

By: Tin Nyo

Tin Nyo — Tue, 02 Feb 2010 17:10:17 +0000

Although I fully agree with Mr. R. Kayea, that Mr. Galani's article brought out some of the truth about this conspiracy to squander the treasury, sending letters and petitions to congressmen and senators will not have any effect on these politicians, because they do not care. They are just as self serving as the big guns on wall street. So don't hold your breath to get any positive results from this effort. You will only increase the US post offices' income.

The only path to a successful resolution of the political problems is to become a politician and work from the inner circle, it is if you have $$$ to campaign to run for office to start. Like it, or not, the working people (have nots) are DOOMED and will always be treated as MUSHROOMS or SHEEP by the Politicians, Wallstreeters, and the Media who all become super rich by doing so.

Frustrated loyal reader.

Have a great day……Tin

By: John

John — Tue, 02 Feb 2010 16:28:58 +0000

Much has been discussed about Goldman and the shady interaction with the Fed however, a more discusting aspect of this giveaway is that $36 billion was sent to pay counterparties in France and Germany with US taxpayer dollars to keep their economies afloat while ours sinks.
This SUCKS!

http://www.businessweek.com/the_thread/economicsunbound/archives/2009/03/german_and_fren.html

By: Raymond Kayea

Raymond Kayea — Tue, 02 Feb 2010 15:58:48 +0000

A great article. I have written both Senators and my Congressman, John Sarbanes, in Maryland about this topic previously. There has been no answer which makes any sense. Would you grant permission to send the body of this essay to both Senators and my Congressman? Advertising and miscelaneous items not related to the body of the essay would be deleted.

Many of Editor Galani's articles should be sent to every Senator and Congressman.

Best regards,

R. Kayea

By: Charles Raines

Charles Raines — Tue, 02 Feb 2010 15:22:42 +0000

Hank P was on TV last night, I believe he's promoting a book, He was on the Kudlow show, he's not a very good speaker and left a lot of doubt in my mind. He protected president Bush saying that he know and understood everything that was going on and happening.

I believe the truth is that president Bush didn't have a clue on how the finical system works. He watched jobs go out of this country by the train loads for eight years and couldn't see the implications of it. (Tax Base for One) Future Growth for another. Discretionary spending buy consumers that had those jobs which makes up for over 70% of our GDP

The sad fact is that if he would have privatized Social Security and (IF) it would have been implemented … many people surely would have been wiped out completely.

This is a common story that includes myself, I have two water front property's, the plan
was to sell one to pay for the other and then retire debt free with my pension.

Now because of this mess I know I have lost $50,000 plus and still loosing as these properties just will not sale. And the 3 to 5 years of construction work I need to retire just is not there
anywhere. I travel all over the US, It's just not there.

We don't even have insurance now, I have never been so close to being debt free and so close to being wiped out and put on the curb as right now. By the way, the ripple effects are still in full force because our states are just going to go broke.

They were running on stimulus money and now the states probably wont get any more help.

I could go on, and on but I'll say this. I believe I have witness one of the brightest presidents I have seen in many years. He understands on our systems work. Politics will surely keep normally people from bouncing back. Because. . . and here it is:

If the republicans can KEEP THE JOBLESS RATE HIGH THEY WILL TAKE BACK MORE OF THERE SEATS. This is there plan and people should be mad as hell because they just don't care, They wouldn't even extend the unemployment benefits.

I'll stop

By: Lee White

Lee White — Tue, 02 Feb 2010 15:05:38 +0000

I'm just a dumb old trucker, but I know one thing for sure; I never bought more fuel than I could use, I never stole any of the freight I was entrusted to transport and I never borrowed money I couldn't repay.
When I retired, I didn't get a golden parachute…I got SSI.
We need to elect some straight-shootin STATESMEN

By: Dan C

Dan C — Tue, 02 Feb 2010 15:05:27 +0000

The rich get richer because the poor give them all of their money (and labor). What this country needs is a consumption tax.
Rush Limbaugh once did an April Fool's show about how we should tax the poor to motivate them to work harder.
Little did he know then (1993?) that that is exactly what this country needed. It shouldn't have been a joke. People should get paid all of their money and be deterred from spending it, which burns up resources. Economists are just an impedence matching device between sustainability and disaster. Anything that uses their theories is closer to disaster than sustainability.
What ARE people FOR? Certainly not to sit on their rear end watching soap operas (the 'news') and commercials which coerce them to buy a bigger car to haul a bigger TV which will tell them to buy a bigger car…etc.
The centralizing flow of money away from the people and the land needs to be reversed at the source, not at the top where more banks can find more ways to subvert any new 'banking' laws.
The problem is consumption.
Double the FairTax (HR25).