Bernanke: Wall Street Execs Should Have Gone to Jail for Crisis

Posted on October 6th, 2015

Mission Impossible by Luojie, China Daily, ChinaEDITOR’S COMMENT: Now, he tells us! Actually, while in office, Bernanke didn’t discourage anyone nor make any effort to hold government employees, bankers & brokers responsible for all the risky lending and government-induced housing financing, both of which helped create the so-called housing bubble. He was clearly not a bystander in this debacle and crisis. And, finally, let me remind you that the Federal reserve only watches out for its various large-bank owners.

By Newsmax

Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession.

Billions of dollars in fines have been levied against major banks and brokerage firms in the wake of the economic meltdown that was in large part triggered by reckless lending and shady securities dealings that blew up a housing bubble.

But in an interview with USA Today published Sunday, Bernanke said he thinks that in addition to the corporations, individuals should have been held more accountable.

“It would have been my preference to have more investigations of individual actions because obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm,” Bernanke said.

Asked if someone should have gone to jail, the former Fed chairman replied, “Yeah, I think so.” He did not, however, name any individual he thought should have been prosecuted. Read More..

Obama Goes Beyond Mere Gun Control, Hints at Confiscation

Posted on October 6th, 2015

Mass Shooter Disease from www.caglecartoons.com # 169597By Awr Hawkins

When President Obama spoke in reaction to the heinous October 1 attack on Umpqua Community College, he went beyond his usual calls for more gun control and suggested instead that America consider following the path blazed by Australia and Great Britain.

In the mid-1990s Australia and Great Britain both instituted what were virtually complete bans on firearm possession.

Obama referenced the bans thus:

We know that other countries, in response to one mass shooting, have been able to craft laws that almost eliminate mass shootings.  Friends of ours, allies of ours — Great Britain, Australia, countries like ours.  So we know there are ways to prevent it. Read More..

Obama Versus Putin — Golfer and Caddy

Posted on October 5th, 2015

Putin, Obama, Golfer, CaddyBy Monty Pelerin

Obama versus Putin is a mismatch. One so seriously overpowers the other that it is not a contest. Some have likened the Obama versus Putin comparison as small-town bully versus Big City Bully. Others have suggested that Putin is playing chess while Obama is playing checkers or marbles.

This site used this golf image a few years ago to define the relationship between Obama and Putin. The image illustrated the difference in abilities between the two. Subsequent events, particularly this week in Syria, validate the golfer and caddy roles. It Obama versus Putin were a boxing match, the referee would have stopped the fight before this point. But how do you employ a “mercy rule” in geopolitics. Chamberlain versus Hitler did not end until the entire world had suffered.

This country is in deep trouble and has been for several years. It should be obvious, even to Obama supporters, that their man is incompetent. He is being manhandled by Vlad. If you want to know why the Republican primaries are favoring outsiders, think of how Republicans have been snookered by this incompetent.

The dullards who refused to see the Community Organizer as a fraud during his first term are dwindling. Those who still support this clown are probably hopeless. Read More..

Syria Is Obama’s Watergate

Posted on October 5th, 2015

Obama lines in Syria from www.caglecartoons.com # 169587By Michael Goodwin

What did he know and when did he know it? The immortal question about Richard Nixon and Water­gate should be posed to Barack Obama about Syria. What and when did he know about Vladimir Putin’s axis-of-evil coalition?

The significance is not limited to Syria. The question goes to the heart of the Iran nuclear deal, especially the timing of the congressional votes.

Imagine Obama trying to sell the Iran deal now. With Russia, Iran and Iraq working together to muscle the United States aside and defend Bashar al-Assad, the president couldn’t possibly argue that the nuke deal would help stabilize the Middle East. Nor could he argue that Russia could be trusted to help enforce ­restrictions on Iran.

The strong likelihood that Obama would have lost the Iran vote if Congress knew then what the world knows now suggests the possibility the president concealed the Russian plan until the Iran deal was done. That view fits with his single-minded determination to get a deal at any price, including making key concessions and downplaying Iranian threats to Israel and the United States.

After all that, what’s another lie? Read More..

France Threatens “Outright Termination” of TTIP Corporate Trade Negotiations

Posted on October 5th, 2015

TTIP CorporatocracyEDITOR’S COMMENT: Maybe the fight over this awful, middle-class-devastating treaty isn’t over after all. Obama was able to bambooozale the U.S. Congress but several other nations are resisting for different reasons. France seems to be a big obstacle at the moment.

By Cassius Methyl

In a recent development with multinational trade agreements, France threatened to walk out on Transatlantic Trade and Investment Partnership (TTIP) negotiations this week. France is frustrated with the United States’ unwillingness to budge on issues, most notably the issue of secrecy within negotiations.

France’s junior trade minister, Matthias Fekl, is threatening “outright termination” of France’s involvement in the partnership, saying “total lack of transparency” in negotiations constitutes a “democratic problem.”

In an interview on Monday with French newspaper Sud-Ouest, Matthias Fekl said,

Europe has offered many compromises, in all areas, and has received no serious offers from the Americans in return. Neither for access to their public markets, nor for access to their agricultural and food markets, which remain closed.

According to Fekl, the United States must modify their position or face consequences. One of their main concerns is that the deal is highly secretive. According to Fekl, U.S. officials have access to more information than European officials and there is a serious lapse in communications. Read More..

Jimmy Carter Was a Better Dealmaker than Obama

Posted on October 2nd, 2015

Iran negation ObamaEDITOR’S COMMENT: With all due respect. I never expected to ever write or feature a headline like this. But, obviously it just goes to show how truly unbelievably bad this Iran deal is for America. Stop and ask yourself to name one real benefit that the United States gets from this agreement?

By Ed Rogers

As much as the Obama administration tries to put lipstick on this disaster via typical praise from its own hired hands — such as U.N. Ambassador Samantha Power and Secretary of State John Kerrysome candid statements from the Iranians highlight the deceit, denial and downright foolishness of what the Obama administration likes to claim is a “historic achievement.”

President Obama now has more than the 34 votes he needs to ensure he would be able to override a congressional vote that rejects the Iran nuclear agreement. Well, he has the votes he needs from the Democrats, but there won’t be many others joining the celebration. This is not much of a victory.

Most recently, Iranian President Hassan Rouhani said that he did not even want Iran’s parliament to hold a vote on the nuclear agreement, forthrightly announcing that, “If the Joint Comprehensive Plan of Action is sent to (and passed by) parliament, it will create an obligation for the government. . . . . Why should we place an unnecessary legal restriction on the Iranian people?” In other words, Rouhani opposes adding any obligation or legitimacy to the deal. Interesting.

While President Obama was desperately seeking out enough votes from his fellow Democrats to keep the Iran nuclear deal alive, the Iranian president was scoffing at the very notion of doing anything that would strengthen or formalize the agreement.

What a disaster. What should the American people believe? The outright candor from the Iranians about all the things they will and will not do? Or the desperate, untethered statements from the Obama forces, as they try to reassure us not to worry, that they’ve got this? Read More..

A Country Run by Idiots

Posted on October 2nd, 2015

Never Underestimate The Sutpidity of IdiotsEDITOR’S COMMENT: No doubt you have seen versions of “you live in a country run by idiots” over the past few years on the Internet and elsewhere. I thought these ‘contradictions’ were very accurate and timely!

By Monty Pelerin

We truly live in a country run by idiots. The contradictions between common sense and government actions are just too many to have happened by accident or chance. But perhaps the leaders are not the idiots. Maybe the people tolerating such leaders and laws are the true idiots.

What follows is a contrast between common folk wisdom and what Washington considers wisdom. These contradictions are inconvenient for government, threatening to reveal their incompetence or hidden agenda. The author of this piece is unknown although it sounds like something that could have come from Jeff Foxworthy who popularized this presentation style.

If you can get arrested for hunting or fishing without a license, but not for being in the country illegally, you live in a country run by idiots. Read More..

Opinion: A Revolt Is Taking Place Against the “Ruling Class”

Posted on October 2nd, 2015

Change - Speedometer Races To RevolutionEDITOR’S COMMENT: While trying to reflect a little balance in my postings, I periodically feature certain articles or commentaries from the more liberal perspective, that have an interesting and timely point of view. One of these is being featured today, and provides us with the thinking of Robert Reich, former Secretary of Labor in the Clinton Administration.

By Robert Reich

“He can’t possibly win the nomination,” is the phrase heard most often when Washington insiders mention either Donald Trump or Bernie Sanders.  

Yet as enthusiasm for the bombastic billionaire and the socialist senior continues to build within each party, the political establishment is mystified.

Political insiders don’t see that the biggest political phenomenon in America today is a revolt against the “ruling class” of insiders that have dominated Washington for more than three decades.

In two very different ways, Trump and Sanders are agents of this revolt. I’ll explain the two ways in a moment.

Don’t confuse this for the public’s typical attraction to candidates posing as political outsiders who’ll clean up the mess, even when they’re really insiders who contributed to the mess.

What’s new is the degree of anger now focused on those who have had power over our economic and political system since the start of the 1980s. Read More..

On Syria, Obama Plays Tiddlywinks, Putin Plays Chess

Posted on October 1st, 2015

Putin at the United Nations, Obama from www.caglecartoons.com # 169469By Investor’s Business Daily

The White House was “surprised” by a new intelligence-sharing pact among Iran, Syria, Russia and Iraq to fight the Islamic State. But given their own actions, anyone else could have seen it coming.

For the Obama administration, there’s always a surprise when it comes to the Middle East. Having pulled out of Iraq before Iraq was ready, they were taken unawares by the Islamic State’s rise. Now Russia’s strategic moves to be the big dog on the block in the Mideast have thrown them for another loop.

Russia has forged an alliance with Syria, Iran and Iraq to share intelligence to destroy the Islamic State — without inviting the U.S. The pact has a powerful moral rationale, given the monstrosity of the enemy and the U.S. lack of will to fight. But it also will permanently extend Russian power in the region, something that Russia had under the USSR but that is also a longstanding imperial ambition dating back to the days of Vlad the Great.

What we are seeing here is the totally predictable outcome of a U.S. victory thrown away.

No matter how much Obama blames former President Bush or Syrian dictator Bashar Assad for the current shambles in the Middle East, the facts on the ground remain: Our military was on the cusp of victory after a painstaking process of engagement, but the entire effort was discarded for the far cheaper aim of pulling troops out and calling the pullout “peace.”

Instead of stabilizing Iraq and making it a bulwark against Iran and a beacon for the other Middle Eastern states, there was just the Obama administration’s self-delusion of “peace” with few U.S. troops around. Read More..

An Unteachable President

Posted on October 1st, 2015

Obama, Kerry, Putin at United NationsBy Bret Stephens

For Obama, it isn’t the man in the arena who counts. It’s the speaker on the stage.

Barack Obama told the U.N.’s General Assembly on Monday he’s concerned that “dangerous currents risk pulling us back into a darker, more disordered world.” It’s nice of the president to notice, just don’t expect him to do much about it.

Recall that it wasn’t long ago that Mr. Obama took a sunnier view of world affairs. The tide of war was receding. Al Qaeda was on a path to defeat. ISIS was “a jayvee team” in “Lakers uniforms.” Iraq was an Obama administration success story. Bashar Assad’s days were numbered. The Arab Spring was a rejoinder to, rather than an opportunity for, Islamist violence. The intervention in Libya was vindication for the “lead from behind” approach to intervention. The reset with Russia was a success, a position he maintained as late as September 2013. In Latin America, the “trend lines are good.”

“Overall,” as he told Tom Friedman in August 2014—shortly after ISIS had seized control of Mosul and as Vladimir Putin was muscling his way into eastern Ukraine—“I think there’s still cause for optimism.”

It’s a remarkable record of prediction. One hundred percent wrong. The professor president who loves to talk about teachable moments is himself unteachable. Why is that? Read More..

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