Tuesday, May 20, 2014

Lame response to Elizabeth Warren on banksters

The criminal conviction of Credit Suisse is long overdue. But it's a lame sop to Elizabeth Warren, not a significant ramp-up in enforcement.

For Credit Suisse, other than the fines and the reputational stain of being a felon, the implications are likely to be limited. The bank may lose some clients but is otherwise expected to survive largely unscathed. [Emphasis added]
Modern investment banking is tantamount to organized crime.

  • Cream profits off the top by selling fraudulent securities and then betting against their customers in the market. Check. 
  • Launder billions for drug cartels. Check. 
  • Criminally seize properties without title using forged documentation and perjury. Check. 
  • Manipulate the LIBOR to steal from borrowers. Check. 
  • Do business with outlaw regimes internationally. Check. 
  • Crash the economy and through political influence take no haircut at all. Check.

The banksters are not going to change their racket until they feel the hot breath of the law on their well-groomed necks. Eric Holder only wants us to think he's breathing on them so that we stop breathing on him. He's not trying to change the banking racket.

This "industry" probably shouldn't be burned to the ground and started over. The consequences of killing available credit for conscientious citizens and their value-creating enterprises would be too dire.

But investment banking as a whole should be seized, its management imprisoned, and each institution's continued existence made contingent upon its ability to operate without criminality.

Does this sound radical? It should. We have got to cut this cancer of criminal greed out of our economy before it kills us.

Monday, March 17, 2014

They hate us for our freedoms

I spent the weekend in Harvard Square, bastion of freedom and tolerance.  In more than one restaurant, same sex couples were openly kissing on each other.

Why this should offend people, I have no idea - people should love who they love - and no one was offended in Cambridge.

But fundamentalists believe they should be free to keep others unfree, so they fear Massachusetts and its fearlessness.

They should fear us.  We can persevere through winters that would kill them.

Yet we keep sending them subsidies via federal spending, we keep trying to convince them that the Enlightenment beat the Dark Ages for good reason (not to mention the Union defeating the Confederacy), and we keep failing to help them find the joys of the liberal democracy that we, not they, happily inherit from the Founders.

So strange that the one lesson they learned from the Civil War was never to be outgunned.  Tsk-tsk, always fighting the last war...

Sunday, March 16, 2014

You'll always have a choice

Click image for full Tim Eagan/Press Democrat cartoon.

Thursday, March 13, 2014

Humorless freakout




Why do Republicans and other wingnuts hate President Obama's viral Funny or Die video with Zach Galifianakis? I mean, other than their simple hatred of the President...

This video is reaching young people, and scaring them into not signing up for Obamacare is one way the health-free and die crowd now hope to kill universal health insurance.

Monday, March 10, 2014

A conservative discovers externalities

It's always shocking when a free market conservative discovers that enterprises externalize their costs in order to profit at the expense of society:

What some of us haven’t considered is the possibility that the biggest subsidy of all is being able to pump pollutants into the air with no accountability.

Read more here: http://www.miamiherald.com/2014/03/08/3981103/climate-change-is-a-conservative.html#storylink=cpy
But kudos to those who finally do.

Hmm, what could happen if he'd question his other long-cherished assumptions?

Maybe we're better off with him trying to explain reality to the wingnuts who wouldn't reelect him.  I know they won't listen to me.

Sunday, March 9, 2014

When the strong are so weak...

Click image for full Doonesbury cartoon.

Wednesday, January 15, 2014

Tuesday, November 12, 2013

Whereas a woman with a brain

... is an existential threat to the Talibangelicals.

Hey, Harry Reid, how slow are you?  Go fucking nuclear already.

Apropos of nothing

Why would anyone pay any attention to anything Sarah Palin says?  The husky that lives next door makes more intelligent noises.

Yet our vacuous media still thinks she has something to offer.

Saturday, November 9, 2013

When I say conserfative

By conserfative, I mean one of those less-than-wealthy wingnut loyalists who stand up for the poor put-upon aristocrats of wealth in moronic support of policies that further enrich the fatcats and beggar the conserfatives. These moronic loyalists think of themselves as independent and clear-thinking, when in fact they yearn for a strongman and are the easiest sheeple to pull the wool over.

Just to clear that up, if it needed it...

I blog pseudonymously so I can keep using the word bullshit

You never know what sanctions you'll suffer for your opinions or for your language.

Also, too, I can still say fuck. These insane teabagger days, the ability to say fuck without being punished for it in real life is pretty helpful to my continued insouciance in the face of conserfative infestations and the general inability of our politics and our press to deal with evidence.

Friday, November 1, 2013

Left to our own devices?

Click image for full Bado/Le Droit cartoon.

Saturday, October 26, 2013

Don't let the door hit you in the ass

The President needs to maintain his exceptional dignity while telling Teapublican assholes like Pete Sessions to hit the road and not come back.  They won't respect anything less.

Tuesday, October 1, 2013

Feature, not a bug


Rachel Maddow shows exactly why the Teapublicans were never, ever, ever going to back down from shutting down the government.

There's no reason whatsoever to think they'll change their minds (such as they have).

There's also no reason for confidence that they will shrink back from default when we soon bump up against the debt ceiling.

Sunday, September 29, 2013

While we wait...

... for the coming shutdown of the federal government, here's something I found interesting.

Friday, September 20, 2013

Robber barons

Syrian Second Amendment

Click image for full Mark Fiore/Mother Jones animation.

Conserfatives

Timothy Egan nails the head-snapping misrepresentation of poor whites by their Teapublican overlords:

Among the 254 counties where food stamp use doubled during the economic collapse, Mitt Romney won 213 of them, Bloomberg News reported. Half of Owsley County, Ky., is receiving federal food aid. Half. 
You can’t get any more Team Red than Owsley County; it is 98 percent white, 81 percent Republican, per the 2012 presidential election. And that hardscrabble region has the distinction of being the poorest in the nation, with the lowest household income of any county in the United States, the Census Bureau found in 2010. 
Since nearly half of Owsley’s residents also live below the poverty line, it would seem logical that the congressman who represents the area, Hal Rogers, a Republican, would be interested in, say, boosting income for poor working folks. But Rogers joined every single Republican in the House earlier this year in voting down a plan to raise the minimum wage over the next two years to $10.10 an hour.
Instead of voting for their pocketbooks, poor whites have succumbed to a frankly tribal and bigoted appeal that finds fear and threats in blacks, immigrants, and anyone who's different. It's not an accident that the heart of this appeal to the basest of American traditions springs from the South, where it seeks to recapitulate Jim Crow. Never mind what the majority wants, suppress enough votes to keep the aristocracy in power.

The GOP can do this because they've changed the postwar social norm. After WWII, we all knew from the battlefield that we were one nation, all in this great cause of freedom and prosperity together. This made very threatening times for the lords of the manor. They might prosper even more under Democrats than under Republicans (look it up), but they needed greater income inequality to feel better about themselves.

So they took their financial resources and put them to work changing the social norm. Now, we have an entire right-wing media apparatus built for the purpose of convincing their racist teabagger serfs of a thousand things opposite the truth.

But the main new social norm for the conserfatives is the ardent faith that the government and organized labor are the source of their problems, when in fact they are the only counterbalance that exists to the plutocracy that has gluttonously gobbled up all the economic gains of the past thirty-five years and still cannot be sated short of neo-feudalism.
What’s at work here is the poison of ideology. Underlying the food assistance fight is the idea that the poor are lazy, and deserve their fate — the Ayn Rand philosophy. You don’t see this same reasoning applied to those Red State agricultural-industrialists living high off farm subsidies, and that’s why Republicans have separated the two major recipient groups of federal food aid. Subsidized cotton growers cannot possibly be equated with someone trying to stretch macaroni into three meals.
The saddest part: Those people in Owsley County who are made hungry by Republican fealty to the wealthy will continue to blame the government and the United Mine Workers. In a way, the fucking morons deserve to live in a company town. They've failed to live up to their self-image as self-reliant, independent yeoman Scotch-Irish sonsabitches. But the rest of us don't deserve that company town. And their children don't either.

Monday, September 16, 2013

It's your fault if a bullet kills you


Not enough dead yet.

Monday, September 2, 2013

Never get out-f******ed again

Click image for full J.D. Crowe/Mobile Register cartoon.