Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Friday, February 27, 2009
February 26th, 2009 by Mark Mitchell
Following is a very partial list of people who have said abusive short selling must be stopped.
Then Secretary of Treasury Paulson
Former Chairman of SEC Harvey Pitt
Then SEC Chair Christopher Cox
Then Senator Hillary Clinton
Presidential Candidate John McCain
The members of the American Chamber of Commerce
Charlie Munger, Vice Chairman Berkshire Hathaway
John Mack, CEO Morgan Stanley
Dick Fuld, then CEO Lehman Brothers
Members of the North American Securities Administrators Association
Robert Shapiro, former Undersecretary of Commerce
Harvey McGrath, former chairman of Man Group, world’s biggest listed hedge fund
Following is a partial list of mainstream media outlets that have yet to deliver a single comprehensive story about abusive short selling:
The Wall Street Journal
The New York Times
The Columbia Journalism Review
The Chicago Tribune
The Los Angeles Times
The Washington Post
Thursday, February 26, 2009
Wednesday, February 25, 2009
You see, there is no clarity, no plan.
Last night's sermon was more of the same.
Let's all repeat, "Trillion dollar deficit and terrible recession we inherited."
There is only spending.
When American inflates you will know exactly where to place the blame. The vision of the campaign speeches has given way to stark reality.
Monday, February 23, 2009
Friday, February 20, 2009
and ordered a cup of coffee.
As he sat sipping his coffee, a young woman sat
down next to him.She turned to the cowboy and asked, 'Are you
a real cowboy?'He replied, 'Well, I've spent my whole life breaking
colts, working cows, going to rodeos, fixing fences,
pulling calves, bailing hay, doctoring calves, cleaning
my barn, fixing flats, working on tractors, and feeding
my dogs, so I guess I am a cowboy.'She said, 'I'm a lesbian. I spend my whole day thinking
about women. As soon as I get up in the morning, I
think about women. When I shower, I think about
women. When I watch TV, I think about women.
I even think about women when I eat. It seems
that everything makes me think of women.'The two sat sipping in silence.A little while later, a man sat down on the other side
of the old cowboy and asked, 'Are you a real cowboy?'He replied, 'Hell, I always thought I was, but I just found
out that I'm a lesbian.'
Wednesday, February 18, 2009
The professor replied, "I don't have any time to explain it at my office, but if you come over to my house on Saturday and help me with my weekend project, I'll be glad to explain it to you."
The student agreed.
At the agreed-upon time, the student showed up at the professor's house. The professor stated that the weekend project involved his backyard pool. They both went out back to the pool, and the professor handed the student a bucket. Demonstrating with his own bucket, the professor said, "First, go over to the deep end, and fill your bucket with as much water as you can." The student did as he was instructed.
The professor then continued, "Follow me over to the shallow end, and then dump all the water from your bucket into it." The student was naturally confused, but did as he was told. The professor then explained they were going to do this many more times, and began walking back to the deep end of the pool. The confused student asked, "Excuse me, but why are we doing this?" The professor matter-of-factly stated that he was trying to make the shallow end much deeper.
The student didn't think the economics professor was serious, but figured that he would find out the real story soon enough. However, after the 6th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad. The student finally replied, "All we're doing is wasting valuable time and effort on unproductive pursuits. Even worse, when this process is all over, everything will be at the same level it was before, so all you'll really have accomplished is the destruction of what could have been truly productive action!"
The professor put down his bucket and replied with a smile, "Congratulations. You now understand the stimulus bill."
Monday, February 16, 2009
Wednesday, February 11, 2009
They "whored" taxpayer money to enrich themselves. What a bunch. Thanks Mr. Paulson for doing all you could do oversee taxpayer money. Perhaps a short phone call to Mr. Thain may have prevented this. Think anyone will have to disgorge these obscene bonus's? Think again.
Merrill, with Bank of America's knowledge, paid $3.6 billion in bonuses for 2008. That's an average of $91,000 per employee, Cuomo said, but the lion's share went to a select group.
The top four recipients received a combined $121 million; the next four received a combined $62 million; and the next six received a combined $66 million, according to Cuomo. The top 149 executives received a total of $858 million, and 696 received at least $1 million each, he wrote.
"These payments and their curious timing raise serious questions as to whether the Merrill Lynch and Bank of America boards of directors were derelict in their duties and violated their fiduciary obligations," Cuomo said.
Former Merrill CEO John Thain, after initially seeking a bonus for arranging the deal with Bank of America that saved his company from collapse, ultimately declined to receive a year-end payment.
Officials from Bank of America were not immediately available for comment. Cuomo's office confirmed the existence of the letter but declined further comment.
Tuesday, February 10, 2009
Furthermore, we could stop making criminals out of ordinary Americans who prepare their tax returns incorrectly by mistake. How the Plan Works: the FairTax proposal is a comprehensive revenue plan that would eliminate most major federal income and payroll taxes, including personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes. On payday, every American would receive 100 percent of his or her paycheck, minus any state income taxes. These federal taxes would be replaced by a national retail sales tax. Under the FairTax, the national sales tax rate initially would be 23 percent, with adjustments made to the rate in subsequent years. The FairTax is progressive. To make this system fair for low-incomeAmericans, all taxpayers would receive a monthly "prebate," so no one would pay taxes for consumption up to the poverty line. The national retail tax would only be collected on new purchases, making "used" purchases tax-free. Additionally, business purchases would be exempt from the tax, thereby eradicating corporate tax compliance costs currently hidden in retail prices.
Monday, February 09, 2009
by Ted Nugent
Posted 02/03/2009 ETUpdated 02/04/2009 ET
I’m a hunter, and proud of it. Most of my best hours are spent in the field, sometimes chasing dangerous game. I’m on the track of one, a bigger more dangerous critter than I’ve ever hunted before: the Obama-Pelosi Porkosaurus. The Porkosaurus is plenty dangerous by itself. It subsidizes unemployment by increasing unemployment benefits. And, as the man said, when you subsidize something you get more of it. It doesn’t spend anything -- not one thin dime -- on the one thing that economists say is guaranteed to stimulate the economy, defense spending. And its whole purpose is to feed Fedzilla and make it grow even bigger, swallowing our economy whole. In a crisis, hysterical, wrongheaded, ignorant people will squall and holler to "do something." Reasonable people with a modicum of intellect know that throwing a cinder block to a drowning person qualifies as "something", but surely it is the wrong something.Amazingly, some of these same reasonable people continue to look to Fedzilla to solve the financial crisis that this bloated beast created. Result: America is drowning in unsustainable mountains of debt and deficits and threatening to do more of the same. President Obama and his Democratic cronies on Capital Hill want to pile on more debt and more deficits that will further destroy the US economy.President Obama and Nancy Pelosi's trillion-dollar Porkosaurus bill will fail miserably at creating new jobs and reversing our economic kamikaze swan dive. The bill is weighed down by irresponsible, ineffective, wasteful spending which is the status quo in Washington DC.It is not just President Obama who wants to feed the grossly obese Fedzilla. President Bush fed Fedzilla mountains of our tax dollars, too. According to the Wall Street Journal, during his tenure America witnessed the largest expansion of Fedzilla spending since Lyndon Johnson's Great Society boondoggle. Many of the Republican House and Senate members voted in support of expanding Fedzilla. They deserve to get tossed out of power.But now President Obama is in charge of feeding Fedzilla and he has wasted no time in advocating a trillion-dollar pork dinner for The Beast. The menu of spending items is the most irresponsible pile of pork in the history of our country.In a January 28 op-ed the Wall Street Journal did an outstanding job of identifying the waste in Pork-stimulus. The following are a couple of shameful examples.There is one billion for Fedzilla's railroad, Amtrak. Shamtrack, as I call it, has not been profitable for decades, and probably never will be. The Shamtrack Xpress to financial hell should be derailed.$400 million more of our tax dollars are scheduled to be wasted on the global-warming scam of the century. Here's how we save this cash: We agree the earth warms and cools. We admit that warming and cooling is a naturally occurring cycle that has to do with the sun and that there is nothing we can do about it. We admit Al Gore is a fraud and a global warming Ponzi-schemer. Then we take back Al's Grammy and documentary award.$81 billion will be wasted on feeding Medicaid. Give me one week with some smart, savvy business people and we will come up with a private-sector, cost effective, efficient health care program that does not include Fedzilla and its gluttonous unaccountable tax dollar bonfire.$66 billion is scheduled to be fed to Fedzilla's Department of Lack of Education. We can save this cash by parents just checking their child's homework and cutting the cords to computer and video games.$83 billion more will be spent on providing earned income credit for people who do not pay taxes. I am all for earned income. No one gets a dime unless you earn it.$54 billion is scheduled to be overtly wasted on Fedzilla programs that Fedzilla's very own Office of Management and Budget or the Government Accounting Office has labeled as "ineffective" and can not pass a financial audit. There is no accountability. None.According to the Wall Street Journal, only about twelve cents of every dollar in the trillion-dollar Pork-stimulus will jump start the economy and create new jobs. I trust the WSJ much more than I do President Obama or Nancy Pelosi. As I outlined in my book, TED WHITE & BLUE-The Nugent Manifesto, the way out of this economic mess is permanent tax cuts across the board. Find a tax and slash it at least in half. This will ignite the fuel of private industry and will instantly create new jobs and yank us out of the economic abyss in months, not years.Along with tax cuts, Fedzilla spending should be slashed by 25 percent. Imagine how the stock market would instantly respond to that bold, new approach.It is now up the Senate to do what is right for America and kill the Porkosaurus. I beg of them not to throw a concrete block to drowning Americans and call it a life preserver.
Rock legend Ted Nugent is noted for his conservative political views and his vocal pro-hunting and Second Amendment activism. His smash bestseller Ted, White & Blue: The Nugent Manifesto, is now available at www.amazon.com. Nugent also maintains the Official Ted Nugent Site at www.TedNugent.com.
Sunday, February 08, 2009
It is not stimulus. It is pork to reward the unions and others.
Call it looting. The Obama Looting. That is all it is.
Saturday, February 07, 2009
Give the pain some time. That would be the best stimulus of all.
Friday, February 06, 2009
Sunday, February 01, 2009
Cowboy up boys and girls because if the first 10 days of this Administration are anything like the next 3 years and 50 weeks this ought to be good, real good.