Friday, March 6, 2009

Outside the tent, pissing in.

I am pissed.

I am pissed because the SEC was supposed to be watching the theiving bastards on Wall Street and making them follow the rules and conduct honest business. Now we find out that someone didn't do their job. Bernie Madoff and serveral 'Mini-Madodd's' have bilked thousands of people out of gazilliions of dollars. Where were the SEC regularors during all this? Who are they? Why are they not being held accountable for allowing all these Ponzi schemes to occur? When their incompetence or corruption has cost thousands their jobs, why do these theiving bastards still have theirs?

I am pissed because banks made bad loans, and were encouraged to make bad loans, and now that the bad loans are bringing mortagage companies down, you and I are being asked to pay for it all. Why did the banks make these loans? Why aren't Barny Frank and Chris Dodd being asked these questions? They run the congressional committees that run Fannie Mae and Freddie Mac. Why are they not sitting before a Grand Jury? Why are they still running those committee?

I am pissed because we are bailing out bad companies. When the government prevents companies from failing it screws everything up. Part of the 'reward' for operating with a sound business model is that when someone flies their company into the ground, you get to feast on the assets at bargain prices. When the governmment props up the incompetent, it takes away opportunity from the competent.

I am pissed because we have allowed financial institutions to grow so large that their failure represents a threat to financial security of our country. Our government is supposed to protect us from this stuff, but instead, because we have consistently elected self serving, corrupt, incompetent, lying weasels ( Social Democrat and Republican), the Federal Government has allowed merger, after merger. They have allowed the consolidation of financial resources in to a few huge entities whose existance must then be guaranteed by the government. This means that advancement in those companies will no longer be on the basis of merit, but on the basis of connections. Worse yet, many of the snakes who ran the financial institutions we are bailing out have found new jobs working for the new administration. Who thinks that is a good idea?

I am pissed because at a time when our stock market is cratering, our government thinks health care reform, and carbon credits are a bigger issue. They are lying about the impact of health care on bankruptcy. They are using 'global warming' as a means to further tax us. They are screaming 'crisis' every two minutes to pass legislation for programs that have nothing to do with solving the crisis. They say they are spreading the wealth, but all I see is that they are destroying it. Everytime one of them speaks, the stock market plunges. For the love of Mike, just shut up.

I am pissed because our government is failing us. The thing that made America unlike anywhere else in the world was our systematic honesty. An honest market place is the engine of our success. We have allowed the scoundrals we elect to our government to rig the game, and it has broken the engine of prosperity.

Now, the government, the very instrument of harm, the very people who broke the mortage industry, who let the thieves into the Stock Market, who thwarted captital recovery and bailed out bad bussinesses, and who aren't concerned with stock market meltdown, are telling us we must give them, the government, yet more power and more authority over every single aspect of our lives so that it can save us from ourselves.

Piss on them.

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