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.
Wednesday, July 25, 2012
Who is Sandy Weill? He is none other than a retired Citigroup Chairman, a former NY Fed Director, and a "philanthropist." He is also the man who lobbied for overturning of Glass Steagall in the last years of the 20th century, whose repeal permitted the merger of Travelers and Citibank, in the process creating Citigroup, the largest of the TBTF banks eventually bailed out by taxpayers. In his memoir Weill brags that he and Republican Senator Phil Gramm joked that it should have been called the Weill-Gramm-Leach-Bliley Act. Informally, some dubbed it “the Citigroup Authorization Act.” As The Nation explains, "Weill was instrumental in getting then-President Bill Clinton to sign off on the Republican-sponsored legislation that upended the sensible restraints on finance capital that had worked splendidly since the Great Depression." Of course, by overturning Glass Steagall the last hindrance to ushering in the TBTF juggernaut and the Greenspan Put, followed by the global Bernanke put, was removed, in the process making the terminal collapse of the US financial system inevitable. Why is Weill relevant? Because in a statement that simply redefines hypocrisy, the same individual had the temerity to appear on selloutvision, and tell his fawning CNBC hosts that it is "time to break up the big banks." That's right: the person who benefited the most of all from the repeal of Glass Steagall is now calling for its return.
Tuesday, July 24, 2012
Monday, July 23, 2012
This is beginning to sound like Dodd-Frank. I think Corzine and the CFTC should be running the NCAA. They could fix Spain, the EuroZone, heck they could fix the drought and do something about the fiscal cliff!
To the great alumni, fans, players and community of Penn State, much love and prayers your way.
Sunday, July 15, 2012
From a speech given by Obama the other day........WH socialism at it's finest!
There are a lot of wealthy, successful Americans who agree with me -- because they want to give something back. They know they didn’t -- look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something -- there are a whole bunch of hardworking people out there. (Applause.)
If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business -- you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.
The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together. There are some things, just like fighting fires, we don’t do on our own. I mean, imagine if everybody had their own fire service. That would be a hard way to organize fighting fires.
So we say to ourselves, ever since the founding of this country, you know what, there are some things we do better together. That’s how we funded the GI Bill. That’s how we created the middle class. That’s how we built the Golden Gate Bridge or the Hoover Dam. That’s how we invented the Internet. That’s how we sent a man to the moon. We rise or fall together as one nation and as one people, and that’s the reason I’m running for President -- because I still believe in that idea. You’re not on your own, we’re in this together. (Applause.)
Friday, July 13, 2012
This too shall pass.
Wednesday, July 11, 2012
What I hate is this crap in the media about the mood disorder. Come on. Please. Stop bullshitting.
There isn't a mood disorder there is an addiction. Why is it no one talks straight anymore. No one lays it out. No one is honest. These bullshit brokers that call here every day with every song and dance about their great bonds and great structured products. Give me a break. It's all just a steady stream of mincing, equivocating, politically correct, lying bullshit. I think half of America is pathologically incapable of clarity. Did you get fired? Did you get laid off? Did you get divorced? Are you on food stamps? What do you think of Obama? Is Obamacare good for you and good for America? Are you sucking off the Government by selling your food stamps? Just be clear. Black and white. It goes on and on and on.
Yo, media saps, what is it about the term "mood disorder" that you don't understand?
Tuesday, July 10, 2012
Channel 6 in San Diego interviewed my son, Jordan Parisian the other day. There were sharks in the surf at LaJolla Shores and Jordan happened to see a nice one. He immediately came out of the water and laid down and exclaimed that he was never going back in the water again. One of the lifeguards on a board saw about a 15 foot Great White and they immediately cleared hundreds upon hundreds of swimmers out of the water. It was a great response and effort by the San Diego County Lifeguard unit as always.
Monday, July 09, 2012
It will be fun to see how fast DOJ, CFTC, and NFA jump on this issue and how many criminal indictments are brought in comparison to MFG and John Corzine. Just don't hold your breath.
Number 2 is a done deal. How many more are there? My bet? A whole lot more.