Archive for December, 2014

“Bail Ins” Are Globalized; “Bail Outs” Are Bailed Back In; No Bail For Bankers (December 29, 2014)

Posted in Bail In, Bailout/Bribe, Bankruptcy, Banks and Banking System, Congress, Dodd-Frank, National Defense Authorization Act / FY 2012, Volker on December 29, 2014 by e-commentary.org

. . .

J          “Dodd-Frank (July, 2010) said ‘no’ to more ‘bail outs’ by the public for the ‘too-big-to-fail-and-too-big-to-jail’ Banks and then the Federal Reserve (December, 2012) said ‘yes’ to ‘bail ins’ by the depositors and then the G20 Nations (November, 2014) said ‘heck yes’ to ‘bail ins’ by the depositors and then Citicorp-Congress (December, 2014) said ‘hell yes’ to more ‘bail outs’ by the public for derivatives and other junk.  So many Christmas gifts, so little time.”

K          “Back to a ‘bail out’ of the Wall Street Bankers including all the junk bonds . . . that fuel the American shale oil boom.  That did not take long to cover them for their exposure in the Great Gas War.  The people, the pensioners and the depositors will suffer existential losses when the derivatives collapse.”  

J          “Citicorp-Congress also delayed implementation of the ‘Volker Rule’ that would provide for increased capital ratios and mark-to-market valuations.  Citicorp-Congress gave the ‘one-two punch’ to the public.”

K          “K.O.’d for Christmas.  All I got for Christmas is my two front teeth.  Knocked out.  By Congress.”

. . .

J          “The plaque proclaims that your deposit is insured up to $250,000 by the FDIC.  Everyone is fooled, yet no one is protected by the plaque in a serious financial plague.  When the Big Banks and their partners in crime on Wall Street fail, the FDIC will not be able to provide insurance for the depositors who are now on the hook.  Line and sinker.  Now on the line, the bottom line is that the depositors must ‘bail in’ the Big Banks and the public must ’bail out’ Wall Street.”

. . .    

[See the e-commentary at Bailouts: Out; Bail Ins: In; Slowly Boilin’ The Frog (April 15, 2013) and Globalizing The Bail In (July 8, 2013).]

Bumper stickers of the week:

We should be doing something to make the bankers worry about getting bailed out.

18 T Debt; 18 K Dow

Plus 4 T “Federal Reserve Debt” = 22 T “Federal Debt”

Plus 9 G (Gazillion) in Derivatives = some trouble

The Capitol Building on Jenkins Hill is now renamed the “Citicorp Dome”

And then take a look at the National Defense Authorization Acts of 2012 and 2014. 

Financial History:

1998:            Banks/Wall Street bail out Long Term Capital Management

2008:           Federal Reserve bails out Banks/Wall Street

201_:            International Monetary Fund bails out Federal Reserve; Taxpayers bail out Banks/Wall Street

201_:            God bails out the International Monetary Fund; No one bails out Taxpayers

201_:            God files Chapter 11 Reorganization; Taxpayers file Chapter 7 Liquidation

So, help us God, so help us God.

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Marital Musings (December 22, 2014)

Posted in Civil Rights/Civil Liberties, Constitution, Courts, Economics, Gold Standard, Kleptocracy, Movie Reference, Radio, Russia, Silver Standard, Society, Sports, Supreme Court on December 28, 2014 by e-commentary.org

. . .

H1        “So she said we had to set aside some time for a conversation.  I knew it would get bad.”

H2        “You don’t get to say anything.”

H1        “Except when spoken to.  So she said she had to confess that she was thinking about someone else while we were in medias res.  And she said that she was now happy to have gotten if off her chest.  I said that was fine.  She could be thinking about Mr. Magoo if it will get us through the night.  From my perspective, if I can handle the kitchen remodel, junior can get braces.  But it ended up not being fine.  I should have been upset.  She was upset that I was not upset.  I was beginning to get sort of upset that she was upset that I was not upset.”

H2        “Nothing about Gina Lollobrigida.”

H1        “She would have exercised the proviso ‘til death do us part’ and parted with me.”

. . .

H2        “She asked if I noticed that she had put on weight.  I had not noticed, so I told her that I had not noticed.  I am thinking that I get 100 points for candor and honesty and being a great guy and for being a little oblivious.  Maybe an MVP award and a hall pass.”

H1        “And she was upset that you were not upset.  And it was Katie bar the door with Katie showing you the door.”

H2        “I didn’t get a pass.  I told her that once she made the cut and was on the team, things like that did not really matter.”

H1        “And she parsed every phrase.”

H2        “‘Made the cut’ and ‘on the team’ are two separate concepts.  Saying that it is like two wrestlers who make weight and then each go off and have bacon cheeseburgers did not assuage her anxiety.”

. . .

H1        “We conversed with a counselor who opined about psychological affairs versus physical affairs and provided few insights to address our financial affairs.”

H2        “Do you think he was safe?”

H1        “She is sure that we only talk about sex.”

H2        “Safe by a mile.  Replay is clear.”

. . .

[See the latest sophistry from the Supreme Court that vitiates the Fourth Amendment.  http://www.supremecourt.gov/opinions/14pdf/13-604_ec8f.pdf.  An illegal stop is an illegal stop and not a legal stop.]

[See the commentary at “Henrietta And Henry O, Two Young Lovers: The Contemporary Gift Of The Magi (December 27, 2010).”]

Bumper stickers of the week:

“Honey, would you rather I were making love to him using your name, or making love to you using his name?”  Annie Savoy, Bull Durham (1988)

Russian Exceptionalism > or = or < American Nationalism

The COMEX is instituting trading collars for the sale of gold and silver.  And the answer to Will Shortz’ “Sunday Puzzle” seeking the correct anagram for “Comex” is . . . “Fraud.”

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Corporations Control Court: The Cancer Metastasizes (December 15, 2014)

Posted in Amazon, Conflicts of Interest, Courts, Judicial Arrogance, Judiciary, Law, Minimum Wage, Perjury, Perjury/Dishonesty, Supreme Court, Wages, Work on December 15, 2014 by e-commentary.org

. . .

L1          “Labor economists divide life into time spent pursuing ‘work’ and time spent pursuing ‘leisure’ or, if you prefer a four letter word for symmetry, then employ the word ‘play.’  An employee should be paid for the work he or she does for an employer but not for the time he or she plays for himself or herself.”

L2          “That is also the settled law in the Republic of America.”

L1          “Except at the Supreme Court which rewrites the laws to protect corporations at every opportunity and cost.”

L2          “I’m not amazed that Amazon requires a security check as part of one’s work.  Fine.  That time should be compensated under the law because it is work and is not play.”

L1          “The ‘Justices’ get paid for donning and doffing their robes.  Most police get paid for the time they put on their uniforms and the time they take off their uniforms.”

L2          “The ‘Justices’ all agree that the underlying maxim in American law is ‘Might Is Right’ and, like politicians, are shrewd enough to support the police and others who defend them against the populace.”

L1          “The ‘Justices’ work a part-time job and get not only full-time pay but lifetime pay even when they should be discharged ‘for cause.’  The irony is delightful . . . and obscene.”

L2          “Another unprecedented problem plaguing the Court is its eagerness to reward the lawyers/lobbyists who litigate and lobby on behalf of the corporations.  The Court has never at any time in the history of the country been more obedient to the corporations and less accessible to the American public.”

L1          “In another trend than has been consistent now for decades, the Ninth Circuit correctly interprets the law and then the Supreme Court improperly imposes its ideology.”

L2          “There are some nice enough folks on the Supreme Court, but law just is not their forte.”

L1          “They say that the conjunction ‘but’ is an acronym that means ‘behold utter truth’ because everything before the word ‘but’ in a sentence is a polite untruth.”

L2          “The Republic will require at least 50 years if not a century to recover from the lawlessness and criminality at work and in play at the Supreme Court today.  But it may not recover.”

. . .

[See the screed at http://www.supremecourt.gov/opinions/14pdf/13-433_5h26.pdf.]

[See the commentary at “Humanity’s Motto: To Enslave And To Colonize (January 27, 2014).“]

Bumper stickers of the week:

Own A Supreme Court ‘Justice’ Today (Corporations Only, Please)

America has many rules and many laws but not much rule of law.

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YouTube:  Your University:  America’s Community College (December 8, 2014)

Posted in Bush, Digital, Education, Football, Schooling, Torture on December 8, 2014 by e-commentary.org

. . .

Y          “When I got home years ago, Junior asked if I knew how to circumvent parental controls on the computer.  After pausing for an answer, he answered that he simply typed in ‘how to circumvent parental controls’ and was provided a plan pronto.”

T          “Hard to fault initiative.”

Y          “YouTube has emerged as the University for the masses by the masses.” 

T          “The Community College for the public.”

Y          “Sharpening a knife or sharpening skills, just type something in and a member of the public commons has probably uploaded a useful video.  Everyone can be a professor, a pundit or a poet for 15 seconds or 15 minutes.”

T          “And no tuition, books or fees to fund the futball team.”

. . .

[See the commentary proffered ten years ago at “Bush: “Torture our kids, s’il vous plait” (January 31, 2005)”.]

Bumper stickers of the week:

How do you dovetail the theory of relativity and string theory?

Knowledge Is Good

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A Tête-à-Tête On Tats (December 1, 2014)

Posted in Personal Stories Series, Personal Story, Society, Tats on December 1, 2014 by e-commentary.org

. . .

1          “I do not get it.”

2          “You’re too old.”

1          “I get it.”

. . .

1          “This old futbal coach would ask whether you were drunk or just stupid.  Coach’s sentiments still animate this old boy.  I always thought you had to be a soldier, sailor, carny or criminal.  Today, soccer moms sport ink.”

2          “There may be nothing left for the young to rebel against.  Long hair?  Shaved head?  Shabby threads?  Flashy clothes?  Everything has been done or not done or undone.  What do you do or not do?”

1          “Perhaps the ultimate form of rebellion is to rebel against the rebels.”

. . .

1          “Some may want to proclaim that things were not copacetic at home.  I am not objective about it, but I maintain that I have been an avuncular uncle who has been dismissed unfairly by my nephew.  Is that grounds for me to toy with a tat?”

2          “‘Nephew’s a brat; I got a tat.’  For me, I do not deserve a tat because my parents were not bad people, but they warrant one: ‘Our son was a dishonor student’ or even something more candid.”

. . .

2          “If a person defaces something, the authorities will come down on him or her.  If a person even makes a face, the authorities will come down on him or her.  Yet a person is still free to deface – or perhaps debody – himself or herself without legal consequence.  The last unregulated canvas of personal expression.”

1          “Dubbing it a ‘tramp stamp’ is revealing.  Hiding it is also revealing.  Are the public messages a threatening signal to the public to get away and leave them alone?  Are they trying to make themselves unemployable?  That is a way of letting others know that you want to be left alone.”

2          “They may be art works akin to cave paintings that one sports and transports.  An epidermal bulletin board for personal expression.”

1          “Don’t get me wrong.  I am all about the First Amendment and restraining government interference.  At times, however, social restraint and individual self-control are appropriate.  You do not always have to do what you are free to do.  What happens when you change your mind?”

. . .

1          “You?”

2          “It isn’t me.  Mom knows that she is my anchor.  Plus I don’t deserve it.”

1          “Getting old?”

2          “Gettin’ there.”

. . .

1          “The next great fortune will be made by someone who creates a tattoo removal technique and then patents and franchises it.”

2          “Open the tattoo removal shop next to the tattoo parlor.  ‘Tats Rn’t Us’ next door to ‘Tats R Us’.”

1          “The tattoo puller next to the tattoo pusher.”

. . .

Tattoos of the week:

Mom

Anchor

U.S. Navy

Organisation des Nations Unies pour l’Education, la Science et la Culture

Jesus loves me and my tattoos

Scars are tattoos with better stories

http://www.tatfreesingles.com

Nobody Cares

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