Showing posts with label wall street bailout. Show all posts
Showing posts with label wall street bailout. Show all posts

Sunday, September 05, 2010

Should Democratic base VOTE bipartisan like Dem leaders?

Seriously, since Obama continued the Wall Street Bailout, based half the stimulus on GOP ideas, asked Republicans for advice on health care reform and passed a version strikingly similar to Republican Mitt Romney's in Massachusetts, and now are making noises about the need to cut the budget, especially social security with his catfood commission headed by right wing crank Alan Simpson, wouldn't he be pleased if we donated to, campaigned, and voted for SOME Democrats and SOME Republicans?

I can't think of a single Republican I'd want to vote for, but they must have an important contribution to make since the White House bends over backwards to get their advice and uses their ideas even when it doesn't result in Republican votes and even when he didn't NEED Republican votes.

Wouldn't it make him happy if we followed in his footsteps?

Would Obama, Rahm and gang be happy if Democratic base practiced bipartisan voting and campaigning?
YES, we should follow the example of our leader
YES, Obama, Rahm and gang would be more comfortable working with Republicans anyway.
NO, only our leaders know when it's best to do the heavy lifting for their political opponents.
other
pollcode.com free polls

Thursday, April 29, 2010

Why does Obama seek consensus with GOP & every financial scammer but not teachers?


Recently, Arne Duncan warned against letting teachers' unions interfere with his drive to privatize K-12 education with for profit charter schools, as if teachers were part or even all of the problem, saying states shouldn't weakening their overhaul plans simply to win buy-ins from unions. "Watered-down proposals with lots of consensus won't win," he said, implying that democracy as well as teachers are the problem.

Even if teachers WERE the problem, on every other issue, Obama has bent over backwards to find consensus with those who CREATED problems even if it meant alienating his progressive base.

He spent far more time in the healthcare debate trying to woo Republicans with market based solutions and delivered tens of millions of new customers to the health insurance companies who created the problem in exchange for some good but modest reforms that help consumers. Progessives, particularly single payer and public option advocates, only got token input even though both would be more cost effective and cover more people than the Rube Goldberg contraption that keeps private insurance in control, and making profits from money that could be going to actual medical care.

Likewise, when it comes to Wall Street, he put the architects of the deregulation, Larry Summers and Robert Rubin, and lax regulators like Geithner, in charge of our economic policy, whose collapse they largely caused.

And on energy, in spite of good action on going green, he gave a massive gift to oil companies by opening up new areas to offshore drilling. In case you haven't noticed, they repaid that kindness with an oil spill rivaling the Exxon Valdez, and they didn't exactly thank us for prying open Iraq for them with lower prices at the pump.

Even if public school teachers were the problem, if he followed the model he used with these other bad actors, he would give them everything they want--smaller class size, more autonomy in the classroom, tutors, social workers, and after school programs to make up for weak families, and a diverse curriculum to keep kids hooked in who aren't necessarily fascinated by practicing for standardized tests--and only then make a token effort at the charter school ''reform.''

Hell, he would give schools a $700 billion bailout while scolding them for the error of their ways. (no one seems to take about how thirty years of Republican budget and tax priorities have resulted in schools being required to do more and more with less and less).

Instead, he is taking the very opposite approach from those other issues. Teachers are not only vilified but ignored (unlike health insurance companies, Wall Street execs, and oil companies). Non-teachers who run for-profit charter schools and administrators willing to execute the whims of this profits over pupils approach without question are in the driver's seat and no teachers can contribute let alone question what they do. They must agree, get out of the way, or be fired. And even if they agree, they might be fired wholesale anyway in an effort to break unions and bring in more inexperienced, and therefore docile, teachers.

If Obama sincerely believes teachers are bad actors, why the difference from how he treats corporate bad actors, who he puts in the driver's seat of reform? It couldn't be because no teacher's union has enough money to match in campaign contributions what the corporate interests driving for-profit reform have? How many congressman and senators leave office for cushy, high-paying jobs as teachers' union lobbyists, executives, or board members? What kind of insider stock tips could they get from teachers? ''Short chalk and buy whiteboard markers''?

Obama's ideas for K-12 education reform are identical to the Bush administration's, and in that case we did not hesitate to call it what it was: corruption. When Democrats sell out our kids like so many subprime mortgages, we should not hesitate to call that corruption too.

It seems more and more like Obama made a Faustian bargain with the financial elite: let me make some moderate reforms in a few areas, and I'll let you continue to act like a chainsaw waving serial killer in all the others. The last president who seemed to make a deal like that, Lyndon Johnson, who got the Great Society and Civil Rights in exchange for the Vietnam War, was not treated kindly by history, and Obama won't be either if he continues down this path instead of purging the cancers like Duncan from his administration and making the more radical change that is necessary to keep us from slipping into a Third World kleptocracy.

BBC's Greg Palast on Arne Duncan

Washington Post on Duncan's problematic record

More on Duncan's disturbing record


Wednesday, December 30, 2009

To POLITICO: on "Anxious Democrats"

POLITICO posted a story discussing Democrats in Congress supposedly dithering over whether to tack to the left or center in the upcoming 2010 election. I posted this in the comments:

Unlike the Republicans who must choose between their base of racists, religious extremists, and economic royalists and independents who find them morally repulsive, the Democrats could easily appeal to both their progressive base and independents by implementing progressive policies that broad majorities of Americans would support:

  • Reregulate Wall Street & prosecute and imprison those at the top who knowingly committed fraud.
  • Break up any business big enough to buy or intimidate our democracy.
  • Enact a Wall Street transaction tax steep enough to kill speculation, and force investors to place long term bets on companies they actually hope will succeed (instead of creating one pump & dump bubble after another).
  • Base our trade policy on what is good for American families, not speculators on Wall Street.
  • Pass health care reform that does more to help middle and working class families than it does to protect and enrich insurance companies.
  • Enact a separation of corporation and state when it comes to foreign policy, so we don't overthrow governments or invade countries just because some oil company, banana plantation, or sweatshop owner got their panties in a knot because the leader of a country drove a hard bargain for their natural resources or raised the minimum wage. This change alone would make it harder for terrorist groups to recruit.
  • End privatization of government functions that are invariably the result of corruption that in turn then uses our tax dollars to fund further corruption.
  • Invest more in alternative energy than we do in invading and occupying oil producing and pipeline countries. Besides giving us an endless supply of nearly free energy, it would break the power of oil companies to dictate our foreign policy and impoverish countries like Saudi Arabia that use their oil wealth fund terrorist groups.
  • Listen to teachers for advice about how to fix schools instead of scammers who hope to make money on privatizing them.
  • Legalize marijuana and deal with other illegal drugs by reducing demand and through treatment--exactly the way the wealthy and politicians deal with their kids when get caught with the stuff.

And that is the bottom line to all progressive positions. Treat your fellow citizens the way you would members of your own family, not overly indulgent, but not as sheep to be fleeced or led to the slaughter either.

If Democrats did things like this, were guided by that principle, or even appeared to be, they would not have to worry about 2010 or any election after that.

Unfortunately, by trying to split the baby between the needs of the working and middle class and the rapacious, insatiable demands of the sociopathic trust fund babies on Wall Street, they look weak and unwilling to stand up for their core principles at best, and at worst, as corrupt as the Republicans only with the lipstick of soothing social justice platitudes instead of the shrill, sharp absolutes of the religious right.

Neither option will get the Democratic base out, nor will it inspire independents to vote for Democrats unless they decide based on a coin toss.





Saturday, September 12, 2009

Rolling Stones' Matt Taibbi's 9/11 truth smears

As I was rushing to get ready for work the other day, I caught a snippet of an interview of Matt Taibbi of Rolling Stone on Pacifica Radio. He was slamming 9/11 truthers for their theories about controlled demolition, how they discount scores of witnesses for the official version of the story, but embraces the individuals, however few, who back them up, and said he trusted the debunking 9/11 truther websites by Popular Mechanics and 9/11 myths. That was irksome because as usual the debunkers focus on the few issues that sound wackiest and sidestep those too big to sweep under the carpet.

But what was more irritating was his analysis of WHY any 9/11 conspiracy was unlikely:

  • 9/11 truthers are racists who don't think Arabs or Muslims are smart enough to plan and carry out an attack like 9/11.

  • Such a conspiracy would require too many people to keep their mouths shut--someone would have spilled the beans by now.
  • Washington doesn't need a "New Pearl Harbor" to justify war. The American people are so sheepish, they would go along with any war, and even if they did protest, it would have no effect--like the Vietnam War protests had no effect.
  • The powerful people on Wall Street are lazy golfers who just think about bribing politicians to change the rules to make it easier to make money.

The last is most annoying since Taibbi just wrote a long piece on how Goldman Sachs has been behind every bubble since the Great Depression, but let's look at these in order:

  • 9/11 truthers are racists
That's ironic. I had a very un-racist reason wonder if the attacks were solely the work of crazed fundamentalists. Most human beings of any race or religion don't engage in behavior that doesn't have some hope of a positive outcome. What possible positive outcome could have resulted for al Qaeda or Muslims anywhere from 9/11? Anyone familiar with our foreign policy would have more or less predicted what we did: kill a lot of Muslims and/or Arabs who had nothing to do with the attacks. It seems that those who believe the official story think Muslims are too stupid to understand cause and effect.

Those who back the official explanation of 9/11 have often bought into profoundly racist excuses for continuing the war in Iraq: can the Iraqis defend and police themselves if we pullout or will there be chaos? Are they "ready" for democracy?

That was a discussion that could be heard ad nauseum on network and cable news talk shows, and makes them sound less like people and more like cavemen who have only recently descended from the trees, developed the power of speech, and shed their vestigial tail.
  • Too many people to keep a secret
Taibbi probably heard of the Manhattan Project to develop the atom bomb. Thousands of people worked on the project, but only a few knew what the whole project was about, and the general public didn't hear about it until we dropped the bomb. It's easy to see this being the case if 9/11 was more a matter of prodding some crazies here, and impeding some investigations there. And we did have whistleblowers come forward to say their significant warnings were ignored from FBI field officers like Colleen Rowley to White House terrorism czar Richard Clarke.

More significantly, what happened to those who did come forward either with information or to ask sharp questions were often reviled in the press or hounded out of their jobs. Congresswoman Cynthia McKinney asked the right questions about our how any war games going on that day might have interfered with our air defenses that day and Don Rumsfeld refused to answer or provide the documentation she asked for. She was ridiculed in the press, not supported by the Democratic Party, and ultimately hounded from office and her party. The right wing media was less successful but just as vicious in attacking Richard Clarke and the Jersey Girls, a group of 9/11 widows who pressed for a 9/11 Commission. The right was successful in purging anchor Dan Rather from CBS, not for questioning 9/11 but for the lesser matter of Bush's own questionable record of military service. When Joe Wilson blew the whistle on one of the lies that led to the Iraq War, his wife was outed as a CIA covert operative, and both were attacked in the press. This would send a clear message to anyone with information that contradicted the official explanation of 9/11: keep your mouth shut or suffer severe consequences.

The clock on when we should expect to see 9/11 whistleblowers come forward should really start when Bush left office and Obama was inaugurated, and if I had that kind of information, I would be watching very carefully to see how Obama dealt with other misdeeds of Bush to see whether the chances of action being taken would outweigh possible retaliation. So far, if I was one of those people, I wouldn't have seen enough to make it worth the risk.
  • Washington doesn't need a "New Pearl Harbor" to justify war.
This was true throughout the Cold War, but a funny thing happened after the collapse of the Soviet Union--for a while, Washington was embarrassed to claim that dirt-poor Third World countries were a security threat to the United States. So other excuses were trotted out.

Papa Bush suddenly noticed that his pal Manuel Noriega in Panama was dealing drugs. That military action was so quick, public reaction didn't have time to have an effect.

The first Gulf War was sold more honestly (at least at first) as being about control of the world's oil supply; we didn't want Saddam to have it (not said out loud was that was our job). When that proved too abstract for most Americans to grasp, they shifted away from geopolitics to comic book demonization--Saddam Hussein was the new Hitler. This worked so well that when Bush decided at the end of the war to leave Saddam Hussein in power, the public still believed the propaganda instead of the realpolitik explanation. It cost Papa Bush in the polls and ultimately cost his presidency. That's a lesson politicians would remember--if you start with a big lie stick with it.

Papa Bush tried another approach with Somalia and Clinton inherited and stuck with it--it was a humanitarian intervention. The problem was, when our troops were killed there, the public soured on the mission and Clinton pulled our troops out.

That actually happened as far back as Reagan with "peacekeepers" in Lebanon. Once the Marine barracks was hit by a suicide bomber, Reagan had to pull out because the public didn't think a "humanitarian intervention" was worth so many deaths.

When the humanitarian excuse was used again for our intervention in the Balkans, Clinton bent over backwards to avoid the possibility of American casualties, which insured public apathy about the project.

The lesson for the DC establishment the last couple of decades has not been to ignore public opinion about going to war. They can only afford to do that if the war is quick like Grenada, Panama, or there were relatively few to no casualties as in the Balkans.

If they were going to start a prolonged war that will incur casualties along the way, they know they need a big excuse that has some staying power. Saddam's imaginary weapons of mass destruction and even more imaginary will to commit suicide by using them against the United States, who could retaliate hundreds of times over and burn Iraq off the map with our thousands of nukes, would have been a harder sell without the smoldering rubble of the World Trade Center in the back of the public's mind.
  • The lazy elite
This is true, but not in a way that excuses exonerates them from advocating and profiting from extreme acts of violence against innocent civilians.

Steven Kinzer of the New York Times wrote about how this plays out in foreign policy in his book Overthrow about the various coups and military interventions the US has sponsored to overthrow governments that weren't sufficiently compliant to American business interests. The most obvious example was Iran's secular, democratically elected president was ousted in a US backed coup because he wanted to keep more of the oil profits in Iran instead of giving them away to foreign big oil companies. He was replaced with a dictator, the Shah of Iran.

The same happened with the elected president of Guatamala, Jacobo Arbenz when he tried to enact land reform that enraged the United Fruit Company that considers Central America their private plantation. He was ousted in a US backed military coup.

It happened again when Chile elected a president a bit too socialist for the tastes (and profits of the American elite). Salvador Allende was replaced with the bloody dictator Augusto Pinochet.

In the current Iraq War, apart from the no bid contracts Bush gave to GOP cronies like Halliburton, KBR, and Blackwater (now Xe), the business-first motive is most obvious in the decrees of Bush-appointed governor of Iraq Paul Bremer that privatized and allowed foreign ownership of Iraq government assets, and in the first draft of the Iraq Hydrocarbon Law, written by an American company hired by George W. Bush, which gave 88% of Iraq's oil income to foreign oil companies, a deal none of Iraq's oil rich neighbors would accept without a gun to their heads. Remarkably, though the Iraqi cabinet approved the law, the parliament continues to refuse to pass it, and American oil companies keep lowballing bids on Iraqi contracts, thinking the presence of our troops is going to force the Iraqis to take otherwise unacceptable terms.

And this is why Taibbi is right about the financial elite being lazy, country club lounging golfers, but wrong about the consequences. It would be far more work to negotiate creatively to make a profit from governments protecting their own people's interest than it is to simply pick up the phone and ask those politicians, that Taibbi acknowledges are bought, to incite a coup or even go to war.

The work of diplomats and CIA agents to undermine and even oust foreign governments, or the military to invade countries cost the sociopathic trust fund babies of Wall Street nothing in time or money (apart from the required campaign contributions and later jobs for bought pols when they leave office). It is the ultimate in socializing cost and privatizing profits.

And it is like an addictive drug. Why bother to negotiate creatively, when you can step away from the table, let someone kill the leader or country you were negotiating with, and you can simply come back later and pick up what you want without opposition?

The Wall Street types would not necessarily even have to ask for a 9/11 to get it.

It is not hard to imagine the oil execs who met with Cheney for his energy task force, telling Cheney to do what it takes to get Iraq's tens of trillions of dollars worth of oil reserves under their control, pipeline routes through Afghanistan, and possibly even control of Iran's oil, since that's about all it took in the past. They leave the details and the works to the public servants, and they come back later to pick up the pieces of the countries that were broken for them.

The kind of scheming that Taibbi described in his article on Goldman Sachs would require more work and planning on the part of Wall Street suits than ordering up a war or coup.

Government and the Wall Street interests have likewise shown no hesitation to harm Americans when it served some larger goal, as happened with above ground nuclear testing, MK-ULTRA drug and mind control experiments conducted on our troops and college students, allowing cocaine into the US as part of the Iran Contra deal, and setting up a health insurance system that makes more money when it denies care to its customers and lets them die.
What is most disturbing about Taibbi's dismissal of 9/11 truthers is that he sidestepped some legitimate issues like the failure to protect what should have been our most secure airspace for two hours and the Joint Congressional Inquiry into 9/11's finding evidence of Saudi government involvement in the attacks, which the Bush administration immediately swept under the rug and most in the press never mentioned again. An FBI document later shed light on the Saudi agent who picked up two of the hijackers at LAX when they arrived in the US, set them up in an apartment, and funneled money to them from the Saudi ambassador's wife until 9/11. The agent also made multiple calls to the Saudi embassy before and during their stay in the US.

Does it make me a nut if I wonder what the meaning of that finding is? We were attacked by an ally, did nothing to that ally in return, but used the attack as an excuse to launch two wars and curb civil liberties at home. That is not a theory but a matter of public record, but Taibbi and others in the press won't put those indisputable dots together because they don't want to be called crazy by the rich and powerful, stop being invited to the best parties, or most importantly, fired.




Tuesday, June 16, 2009

Jack London accurately detailed utter failure of our financial elite

Just about a hundred years ago, Jack London wrote The Iron Heel about the oligarchy in America taking open control of the government to crush the rising political power of the working and middle class:


The Iron Heel

by Jack London

chapter 5 excerpt


He sketched the economic condition of the cave-man and of the savage peoples of to-day, pointing out that they possessed neither tools nor machines, and possessed only a natural efficiency of one in producing power. Then he traced the development of machinery and social organization so that to-day the producing power of civilized man was a thousand times greater than that of the savage.

`Five men,' he said, `can produce bread for a thousand. One man can produce cotton cloth for two hundred and fifty people, woollens for three hundred, and boots and shoes for a thousand. One would conclude from this that under a capable management of society modern civilized man would be a great deal better off than the cave-man. But is he? Let us see. In the United States to-day there are fifteen million8 people living in poverty; and by poverty is meant that condition in life in which, through lack of food and adequate shelter, the mere standard of working efficiency cannot be maintained...

`But to return to my indictment. If modern man's producing power is a thousand times greater than that of the cave-man, why then, in the United States to-day, are there fifteen million people who are not properly sheltered and properly fed? Why then, in the United States to-day, are there three million child laborers? It is a true indictment. The capitalist class has mismanaged. In face of the facts that modern man lives more wretchedly than the cave-man, and that his producing power is a thousand times greater than that of the cave-man, no other conclusion is possible than that the capitalist class has mismanaged, that you have mismanaged, my masters, that you have criminally and selfishly mismanaged....

`You have failed in your management. You have made a shambles of civilization. You have been blind and greedy. You have risen up (as you to-day rise up), shamelessly, in our legislative halls, and declared that profits were impossible without the toil of children and babes. Don't take my word for it. It is all in the records against you. You have lulled your conscience to sleep with prattle of sweet ideals and dear moralities. You are fat with power and possession, drunken with success; and you have no more hope against us than have the drones, clustered about the honey-vats, when the worker-bees spring upon them to end their rotund existence. You have failed in your management of society, and your management is to be taken away from you.

FULL TEXT


The words Jack London put in his characters mouth in The Iron Heel still ring true, though it needs some additions:

When you are no longer allowed in one country to work women and children around the clock for starvation wages, you simply move your factory to another country that will let you abuse your workers.

And you figured out the way to keep moving the factories forever: break the economies of the countries that are strong, so when you have finally worked your way down to the poorest of poor here, the formerly rich countries will be grateful for your starvation wages jobs. Isn't that what is happening to America today?

When one of your country club brethren charges you too much for health insurance for your employees, rather than drive a hard bargain with your fraternity brother, you simply stop giving health insurance to your employees and let them fend for themselves.

If anything in America tends to produce a more vigorous democracy like decent education in K-12 or college, you tell your bought off politicians in state capitals and Washington to starve it of funds or kill it outright.

You publicly claim to believe in competition, but use your pawns in Washington to tax your small competitors and subsidize you. And when someone comes along with a better product that would bury something like say, GASOLINE, you buy up the patents and if it isn't a patentable technology, you launch a massive PR campaign to crush it.

One person in America can do the work that a thousand did a hundred years ago, and yet they can only survive by incurring debt and more debt, and working two jobs and then three.

All so you can put more and more money in the bank than you can ever spend in your lifetime. Do you think your descendant four generations out will thank you for your hard work (if you did any) to accumulate your fortune, or will they be a moral and intellectual cripple like Paris Hilton and so many of the idle rich?

And those who inherited great wealth, don't you secretly know that you are incompetent and even helpless to defend yourselves without your army of middle and working class drones who manage your money, cut the crust off your toast and wipe your ass?

George Orwell said essentially the same thing as London in 1984:
From the moment when the machine first made its appearance it was clear to all thinking people that the need for human drudgery, and therefore to a great extent for human inequality, had disappeared. If the machine were used deliberately for that end, hunger, overwork, dirt, illiteracy, and disease could be eliminated within a few generations...

But it was also clear that an all-round increase in wealth threatened the destruction -- indeed, in some sense was the destruction -- of a hierarchical society. In a world in which everyone worked short hours, had enough to eat, lived in a house with a bathroom and a refrigerator, and possessed a motor-car or even an aeroplane, the most obvious and perhaps the most important form of inequality would already have disappeared...

For if leisure and security were enjoyed by all alike, the great mass of human beings who are normally stupefied by poverty would become literate and would learn to think for themselves; and when once they had done this, they would sooner or later realize that the privileged minority had no function, and they would sweep it away.
MORE
I like capitalism, and I'd like to be rich, but no one person, small group of people, or business should be so powerful that they can buy our government and have the power of life and death over the rest of us.

And if you don't think they have the power of life and death, think about someone whose health insurance denied a life saving procedure to fatten their profit margin, or a Gold Star Mom, mourning her child killed in Iraq, the country with the world's third largest oil reserves, in a war that our politicians tell us over and over had nothing to do with fattening the profit margins of oil companies.

The question is not if but when their depraved, withered hands will be pried from the levers of power. What they probably fail to realize is that the more radical action Obama takes, the longer their reprieve from forced retirement as Masters of theUniverse.

MORE IRAQ OIL THEFT LINKS




Monday, February 16, 2009

Screw bankers BACK: switch to a credit union

Banks are owned by stockholders like any corporation, so if it can make money by screwing its customers, it will--and DOES with ridiculous overdraft charges, late fees, scam mortgages, and reduced in-person service.

Credit unions are owned by their member-customers and employees, so taking care of customers is taking care of owners.

We can't seem to stop the government from writing blank check after blank check to the banks that immediately squirrel them away in the Caymen Islands, but we can get even with banks by taking our money OUT of them and switching to a credit union.

Frankly, if we were serious about saving American jobs at the car companies (or any other industry decimated by outsourcing and executive self-dealing), we would switch them to the credit union business model instead of the dictatorship of incompetent, spoiled trust fund babies of the corporate model.

If you already think that's a good idea, bankerspank.com put together some funny video parodies of the Mac vs. Pc commercials on banks vs. credit unions you can send to your friends to convince them:

You could help them out by searching for their videos on youtube with ''bank vs credit union'' and viewing and voting for them there too.

Then spread it around.

All videos at their website:



Thursday, February 12, 2009

Wall St. execs & bankers feed those they made homeless

Wall Street executives and bankers are now feeding the very same people whose houses they foreclosed, pensions they stole, and jobs they shipped overseas.

Homeless shelters and food banks have suffered severe shortages due to the breadth and depth of the damage the financial sector has caused, but now they are part of the solution.

It began innocently enough when a former autoworker went outside the homeless shelter near Battery Park for a smoke. A Lincoln Town Car stopped at the curb, the rear window rolled down, and the man inside, mistaking him for a drug dealer, asked him for cocaine.

The autoworker immediately recognized him as the president of the bank that foreclosed his home. He pulled him out the window of his Town Car, and beat him to death with a nearby newsrack.

The other residents heard the scuffle, came out, and before the driver or the autoworker could explain who he was, carried the bank president's body to the kitchen and placed him on a food preparation table to render aid, not knowing that he was already dead.

The driver of the car asked if he could retrieve back pay he was owed from the deceased's wallet. While he was retrieving it, the driver remarked about what a cheap asshole the bank president had been, and once the autoworker told them who the dead man was, they attacked the body and tore it to shreds.

They then use a recently donated meat grinder to make hamburger out of the bank president and fed him to the shelter residents.

The driver stayed for lunch and made a generous donation to the shelter. Some worried residents asked if anyone would miss the exec or probe too deeply into his death. The driver laughed and said his trophy wife wouldn't ask too many questions while she was shtupping cabana boys with the money she'd inherit. He said he doubted anyone would shed too many tears over any other Wall Street parasite for that matter.

This gave one of the residents an idea: he worked as a bike messenger on Wall Street, so he knew many of executives and bankers by sight and name, and could point them out on the street.

Several of the residents followed him in the shelter's van, and when the messenger pointed out a hedge fund manager standing on the street, talking into his blue tooth headset, they jumped out, tackled him to the ground, and tried to drag the struggling exec back to the van. Passers by asked what was going on, and when the shelter residents told them, they attacked the exec too, leaving the shelter residents with nothing to show for their efforts but an ear, nose, blue tooth headset, and sphincter.

They knew that they would have to collect their food in more private settings to avoid setting off another gleeful melee, so they began to pose as prostitute, drug addicts, housekeepers and the like.

Some thought it would be better to bring the execs back to the shelter alive, and slaughter them there as needed, but mothers quickly vetoed the idea. "We have impressionable children here, I don't want them exposed to those kind of people."

As news of the project quietly spread, they didn't even have to go out to collect anymore. Neglected trophy wives, mistresses, and even the children of the execs would drop off their carcasses, and usually apologize that they didn't have more to give.

When the head of the shelter was asked if the police were aware of what they were doing, she said, "Oh, yes, and they have been ever so helpful. They'll pull them over on some pretense like a burned out taillight, taser them to death, then throw them in the trunk. When the trunk gets full, they drop them off."

The shelter's thrift shop has also done a brisk business selling their suits, attaches, laptops, and cell phones. Ironically enough, word of the barely used high quality goods attracts some execs to the thrift store, where they are quickly dispatched to the kitchen.

Some at the shelter have expressed concern about eating the meat and serving it to their children. "A lot of these guys do drugs and have male prostitutes re-enact Deliverance with them," one mother said. "How do I know they won't give my kid some disease?"

Others are concerned that the brain tumors and cancer caused by heavy cell phone use may have infected the rest of the meat. "We cracked open one guy's head, and it looked like a tar bucket in there. We were so disgusted, we only ate his feet."

The executives hands have proven to be a popular delicacy since they are so tender from never being used for manual labor.

Surprisingly, the shelter's managers isn't concerned about depleting the population of financiers and scammers feeding her clients.

"I just read about them doing this during the financial crisis in Korea and the more bankers, brokers, and hedge fund managers they ate, the more the economy seemed to correct itself, and they had fewer impoverished clients at shelters to feed."

None of those involved in acquiring the self-described "masters of the universe" for the special of the day, expressed any moral qualms about what they were doing. "This guy we're eating here," one said, waving a bun full of sloppy joes, "He figured out a way that health insurance companies could claim a kid with cancer had a pre-existing genetic condition and cancel the whole family's policy. He got an $80 million bonus for that. My only regret is that we have to eat these guys instead of take them down and leave them to rot to the moral filth they really are."

"Hey, it could be worse," another resident shouted, "We could be eating the politicians that let them do all that shit."

Tuesday, February 10, 2009

Obama should make an example of ONE Wall St. exec

Pick one investment bank, hedge fund manager, or whatever CEO and publicly have Justice Dept. make the guys life a living hell. Prosecute him to the fullest extent of the law, have forensic accountants find his hidden assets, hook him up to a polygraph to find what accountants couldn't, and after he is convicted, throw him in a regular prison and tell the inmates he is a child molester--or just tell the truth: this is the guy that threw your moms out of her house.

Ideally, it should be THE most powerful CEO of the biggest institution.

Personally, I think Hank Paulson would be a good choice since people recognize his name and face, but in his spirit of bipartisanship, Obama probably wouldn't pick him.
More than a bailout or reregulation, this would restore public confidence because it would tell the public that banks are the governments (and by extension our) bitch, and not vice versa, that they can not rob us at will, avoid punishment, then make US pay to clean up after their crimes.

The only thing better than Obama picking the person to prosecute would be to narrow it down to a pool of a half dozen, and give them a month to sway the public as to which of their colleagues in the pool should be the scapegoat, and see how quickly and thoroughly they do our work for us and expose each others crimes to save their own necks.