The number one reason...

Quote from RCG Trader:

No, not quite. I would say that if Obama tried something like Kennedy's executive order 11110, that might have been unattractive to Obama going forward.

Obama had the power of the mob on his side for a short time in history, and squandered it. Much like Bush had the good will of the world on his side right after 9/11, and squandered it. Both bowed to their masters. The only difference was that Bush never claimed he was going to do otherwise.
 
Quote from Tsing Tao:

"... And incidentally, the damage his Fed guy is doing far outranks the damage he, himself is doing.

Hmmm... can't seem to get my mind around which is worse.

Or is it like Bernake = Titanic hitting TWO icebergs while Odumbo's damage is like hitting only the ONE??

Or.. which is worse... pneumonic plague or ebola? (Ebola, of course.. pneumonic plague had a survival rate of 30-50%. How about "pancreatic cancer vs. ebola"?)
 
Quote from Tsing Tao:

Obama had the power of the mob on his side for a short time in history, and squandered it. Much like Bush had the good will of the world on his side right after 9/11, and squandered it. Both bowed to their masters. The only difference was that Bush never claimed he was going to do otherwise.

No argument.

I must have played for the Americans in the Ryder Cup.....sheesh:D
 
Quote from Scataphagos:

Hmmm... can't seem to get my mind around which is worse.

Or is it like Bernake = Titanic hitting TWO icebergs while Odumbo's damage is like hitting only the ONE??

Or.. which is worse... pneumonic plague or ebola? (Ebola, of course.. pneumonic plague had a survival rate of 30-50%. How about "pancreatic cancer vs. ebola"?)

If Bernanke wasn't printing money and instead practiced SOUND monetary policy, congress and the President would have no choice but to follow with much more sound fiscal policy. Interest rates would prevent them from going berserk.
 
Well Tsing, it appears the first lawsuit against Wall St is underway. I was just watching cnbc and the AG of NY was on.. he is going after BSC. :D That's right, bear, the company the govt essentially forced JPM to buy. These people are beyond incompetent.
 
Quote from PiggyBank:

Well Tsing, it appears the first lawsuit against Wall St is underway. I was just watching cnbc and the AG of NY was on.. he is going after BSC. :D That's right, bear, the company the govt essentially forced JPM to buy. These people are beyond incompetent.

Yes, but they're not going after PEOPLE. Just going for fines. Fines have been paid, most of them - if not all - slaps on the wrist only. This one will likely be the same.

Until PEOPLE start going to jail for fraud and corruption, fraud and corruption will continue. Why not do it, if you make a ton of money, have almost no chance of being caught, and when you are caught, you don't get in trouble?
 
Quote from Tsing Tao:

Yes, but they're not going after PEOPLE. Just going for fines. Fines have been paid, most of them - if not all - slaps on the wrist only. This one will likely be the same.

Until PEOPLE start going to jail for fraud and corruption, fraud and corruption will continue. Why not do it, if you make a ton of money, have almost no chance of being caught, and when you are caught, you don't get in trouble?

I completely agree that anyone committing massive fraud should be imprisoned and should be sued for every penny in a civil suit, I would also love to see corrupt bureaucrats and politicians jailed for their corruption.. it just isn't going to happen. I only posted because this ridiculous lawsuit seems to fit in this thread. It is hard to comprehend why, in such a target rich environment, this panel put together by the admin decided to go after JPM. IMO from memory, jpm had some of the cleanest hands as far as the 08 meltdown.
 
Quote from Tsing Tao:

So, are you a little concerned with the Supreme Court?

Aren't you? All these comments about spineless republicans and executive orders mean nothing if he owns the courts.

On top of that, consider this: They got healthcare. 2cnd is next. It WILL come up again after he gets more of his peeps on the court. Even a blind man will see that one coming.
 
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