“Soft despotism is a term coined by Alexis de Tocqueville describing the state into which a country overrun by "a network of small complicated rules" might degrade. Soft despotism is different from despotism (also called 'hard despotism') in the sense that it is not obvious to the people."

Thursday, February 19, 2009

Sir Stanford, Billionaire Scammer Missing.

Sources at the SEC confirmed that they were searching for the billionaire, who has not been seen in public since news of alleged fraud totalling 9.2 billion dollars.

A spokesman for Stanford Financial Group repeatedly refused to discuss the tycoon's whereabouts when contacted.

Reports suggest that Stanford attempted to leave the US on a private jet bound for Antigua,except a slight problem developed. The aviation firm refused to accept his credit card.

By the way, I almost forgot to mention, eight billion is also missing.


  1. I say, what a chap, Sir Stanford Scammer, sponsoring a 20/20 cricket competition...

    Well an ebb tide exposes a lot of rocks.
    Arizona rancher beats 95% of the illegal alien lawsuit scam, going to Appeal the $95,000 judgement.

  2. holder-says-us-cowardly-on-race
    "Though race-related issues continue to occupy a significant portion of our political discussion, and though there remain many unresolved racial issues in this nation, we, average Americans, simply do not talk enough with each other about race."
    These people are like the Curators of the Museum of Ancient Liberal Causes that have been given permission to let their fascist instincts run wild.
    I love to strangle that little Rat-Faced Crook!

  3. $77,804 judgement rather. That lawsuit was a scam if I ever saw one. Couple years ago or so there was a similar lawsuit, and the guy actually lost his ranch to the illegals if you can believe it. Whether there is more fraud and general corruption in our society now than in earlier eras is hard to say. Maybe there's a good book out there on that topic somewhere. Probably about the same, human nature being a constant. On the other hand there may be more opportunity now.

  4. Conservative elections-lawyer Cleta Mitchell chided Mr. Holder for not realizing he is "chief law enforcement officer of the United States not a camp counselor."

  5. I don't know, Doug, camp counselor sounds like an apt description. Michelle's the den mother, O the leader of the pack, good scouts one and all, to get us through the wilderness. A wilderness Putin says he has traversed before, and we should avoid.

  6. Check this out from Michelle Malkin, it's funny. New demands put on Santa Obama

  7. ITookTheRedPill said:

    I want a President who is a Natural Born Citizen.

    Bob said:

    I want a President knows how to skin a moose.

  8. JD at work.
    That's a great approach.
    Should become the universal welcome throughout the land.
    Mock the Muthafuckas.

  9. What took so long? Why wasn't this done 5 years ago? I want someone to investigate the investigators and SEC.

  10. Then we'd need someone to investigate the investigators of the investigators. We're disfunctional, Mat, we had a Nicaraguan on our Presidential ballots, and no one cared.

    We very possibly have a total fraud as President, and we can't get a court to look at it.

  11. Sir Allen Stanford: One Man And His Money

    12:14pm UK, Thursday February 19, 2009

    Sir Allen Stanford is a fifth-generation Texan heading a family business that has grown under his control to become a financial services giant.Stanford holds citizenship of Antigua and Barbuda where he received a local knighthood for his contribution to the island's business.

    In the past decade the 58 year old has travelled the world spreading charm and dollars, buying influence and prestige.

    He has also showered Washington politicians from both parties with financial contributions.

    Stanford's $4,600 (£3,200) donation to Barack Obama's presidential campaign followed payments of $28,000 (£19,500) to his rival John McCain over the years.

    Aside from politics, Stanford has made huge investments in sports sponsorship with The Times recently naming him the 65th most powerful person in the business of British sports.

    The Stanford Financial Group currently sponsors golf, tennis, polo and sailing events, as well as the cricket tournaments for which he is most famous.

    After transforming West Indies cricket with his financial generosity, he invited the England and Wales Cricket Board to the Caribbean with $20 million (£14 million) as annual prize-money for a contest against his All Stars team.

  12. Dallas Morning News

    One of Washington's time honored rituals is that when a donor turns out to be a sleaze ball, or even an alleged sleaze ball, beneficiaries distance themselves -typically by donating the amount received by their campaign committees to charity.

    The disgorging has begun when it comes to R. Allen Stanford, the Houston-based banker who - according to the SEC - ran a fraudulent $8 billion investment scheme out of his office on the Caribbean island Antigua.

    Sen. John McCain of Arizona was the first major recipient to step forward. An aide said this morning that he will donate his receipts -- $28,150, according to the nonpartisan Center for Responsive Politics - to a yet-to-be named charity.

    McCain was the 3d biggest recipient from Stanford, his employees and his company's political action committee.

    No word yet on disgorgement from the others in the top five, including two Texans: Bill Nelson, D-Fla. ($45,900); runner-up, Dallas GOP Rep. Pete Sessions ($41,375); fourth place Sen. Chris Dodd, D-Conn. ($27,500), and Texas GOP Sen. John Cornyn ($19,700).

    As we reported in today's paper, Cornyn also took a Stanford-funded four-day trip to Antigua with wife Sandy in Nov. 2004, which he described at the time as a "financial services industry fact-finding mission hosted by constituent company with substantial operations on site." Liberal blogs were afire yesterday after dusting off that disclosure form. Cornyn defended the trip.

    "At the time, Stanford Group was a great source of pride for all Texans. [It was] a third-generation Texas family business started in Mexia during the Depression that had grown to an apparent global empire," said Cornyn spokesman Kevin McLaughlin. "What is regrettable about the allegations is all those people who were hurt by Stanford's alleged impropriety, and he should be held accountable for his actions."

  13. We're disfunctional, Mat,

    No, you're not. You're up to your ears with organized crime and criminals. People care, but people have been so isolated from each other that it's very hard for them to organize. And the media is part of the organized crime cartel.

  14. Posted by eliot bernstein @ 4:50 PM Wed, Feb 18, 2009
    Proskauer Lawyer Raised ‘Red Flag’ in Billionaire Probe
    Posted 2 hours, 25 minutes ago
    By Debra Cassens Weiss
    The Securities and Exchange Commission accused a Texas investment manager in an $8 billion fraud just days after his lawyer raised a red flag by disaffirming everything he had told authorities.
    The civil complaint by the SEC claims billionaire Robert Allen Stanford and businesses he controlled sold $8 billion in certificates of deposit based on unsubstantiated claims that the CDs had been generating double-digit annual returns since 1995. The complaint also claims investors were misled about how their money was invested.
    The lawyer, identified by Bloomberg News as Thomas Sjoblom at Proskauer Rose in Washington, D.C., represented the Antigua affiliate of Stanford’s investment advisory firm. Sjoblom disavowed everything he told authorities as Stanford ignored subpoenas seeking to account for the $ 8 billion in depositor money, the story says.
    Peter Henning, a criminal and securities law professor at Wayne State, told Bloomberg that the withdrawal “is a massive red flag” that “screams fraud.”
    “If the SEC hadn’t turned up the heat by that point, it did then,” Henning told the wire service. Sjoblom joined Proskauer Rose in 1999 after working 20 years for the SEC, according to Times Online.
    A separate story by Bloomberg highlights a different legal problem for Stanford. Stanford University filed a trademark infringement suit last year that claimed Stanford Financial Group Co. was capitalizing on the school’s name, the story says. A hearing in the case is set for March 20.

  15. Stimulating Cynicism

    By George Will

    "Suppose my neighbor's home catches fire, and I have a length of garden hose. ... I don't say to him ... 'Neighbor, my garden hose cost me $15 ... '"
    -- Franklin Roosevelt, Dec. 17, 1940, news conference, discussing lend-lease

    "When the town is burning, you don't check party labels. Everybody needs to grab a hose."
    -- Barack Obama, Feb. 10, 2009

    WASHINGTON -- FDR's analogies, like his policies, are being recycled. As money gushes from Washington like water from a fire hose, consider how bailout promiscuity is coloring politics at all levels.

    Brian Tierney is CEO of Philadelphia Media Holdings, which publishes Philadelphia's Inquirer and Daily News and has missed loan payments since June. Pennsylvania Gov. Ed Rendell's spokesman says Tierney has had "a number of conversations" with Rendell about receiving state money that "could come from a number of revenue streams."

    The Wall Street Journal designated this "the worst bailout idea so far" and "nuts in eight different ways," noting that the investors Tierney led in purchasing the two newspapers put up only 20 percent in equity, making them typical of "Americans who borrowed too heavily during the credit mania." In response to Rendell's spokesman saying that newspapers are "the lifeblood of democracy," the Journal said "newspapers aren't the lifeblood of anything if they are merely an adjunct of the state" and are "dependent on the politicians (they are) supposed to cover."

    In a remarkably maladroit letter to the Journal, Tierney said "the overwhelming majority of our employees" -- truck drivers, advertising salespeople, etc. -- whose jobs would be saved by government money "have no influence on the editorial content" of the papers. So: Even if the papers' survival, and therefore the jobs of reporters and editorial writers, would depend on the government's good will, the papers would remain independent because reporters and editorialists are a minority of the papers' employees. Good grief.

  16. Specter Looking For Solid Ground

    In Pennsylvania, The Senator Is Caught Between A Lukewarm GOP And A Surging Democratic Party

    by Amy Walter
    Wednesday, Feb. 18, 2009

    For all the talk these last few days about the "death" of post-partisanship, there could actually be a real-life political casualty tied to President Obama's Republican outreach: Sen. Arlen Specter. If he loses his primary to a more right-leaning opponent next year, it'll be harder than ever for Obama and congressional Democrats to convince even moderate Republicans of the benefits of bipartisanship.

    In the Senate's stimulus battle this month, Specter crossed the aisle on 10 out of 23 party-line roll call votes -- third behind Susan Collins and Olympia Snowe -- and joined the two Maine moderates as the only three GOP votes for the finished package. That won him praise from Obama and liberal supporters of the stimulus, which is not a bad thing in a state as blue as Pennsylvania. But it's not a good thing in a GOP primary, especially in a state with a closed primary -- which means no crossover help from sympathetic Democrats -- and a shrinking base of registered Republicans.

  17. This comment has been removed by the author.

  18. If I was a billionaire on the run, I'd buy the Troy Resort and hole up there. I'd close it down and change the look of it a bit and get rid of the RV Park to the side. Then, I'd fence it in, and that's the last anyone would ever hear of me. Vanished.

  19. A Swiss Bank Is Set to Open Its Secret Files


    UBS, the largest bank in Switzerland, agreed on Wednesday to divulge the names of well-heeled Americans whom the authorities suspect of using offshore accounts at the bank to evade taxes. The bank admitted conspiring to defraud the Internal Revenue Service and agreed to pay $780 million to settle a sweeping federal investigation into its activities.

    It is unclear how many of its clients’ names UBS will divulge. Federal prosecutors have been examining about 19,000 accounts at the bank, but UBS ultimately may disclose the identities of only a few hundred customers.

  20. Prosecutors suspect that from late 2002 to 2007, UBS helped American clients illegally hide $20 billion, letting them evade $300 million a year in taxes.

    In a striking admission, UBS said that from 2000 through 2007, some of its private bankers and managers had “participated in a scheme to defraud the United States” and the I.R.S. by helping American clients set up and conceal offshore accounts. The scheme involved falsifying or not properly obtaining or filing certain tax forms required of both the bank and its clients.

  21. Great, should be an interesting list of names.

  22. This comment has been removed by the author.

  23. Not reassuring news about Meixco from a fellow calls himself Stratfor @ RCP.

    Make no mistake, considering the military weapons now being used in Mexico and the number of deaths involved, the country is in the middle of a war. In fact, there are actually three concurrent wars being waged in Mexico involving the Mexican drug cartels. The first is the battle being waged among the various Mexican drug cartels seeking control over lucrative smuggling corridors, called plazas. One such battleground is Ciudad Juarez, which provides access to the Interstate 10, Interstate 20 and Interstate 25 corridors inside the United States. The second battle is being fought between the various cartels and the Mexican government forces who are seeking to interrupt smuggling operations, curb violence and bring the cartel members to justice.

    Then there is a third war being waged in Mexico, though because of its nature it is a bit more subdued. It does not get the same degree of international media attention generated by the running gun battles and grenade and RPG attacks. However, it is no less real, and in many ways it is more dangerous to innocent civilians (as well as foreign tourists and business travelers) than the pitched battles between the cartels and the Mexican government. This third war is the war being waged on the Mexican population by criminals who may or may not be involved with the cartels. Unlike the other battles, where cartel members or government forces are the primary targets and civilians are only killed as collateral damage, on this battlefront, civilians are squarely in the crosshairs.

  24. I grabbed my hose, now what?
    (I stopped reading the instructions @ that point, and decided I needed additional assistance)

  25. Damn, al-Bob, 2 years ago you were gonna OPEN an RV Park.
    Now your dream is to CLOSE AN EXISTING ONE!!!

  26. 160. Ursus Maritimus:

    Dr C: Doctor Competent-in-Getting-People-Elected-but-Nothing-Else.
    F: His flunky

    Dr. C: “The Economy is always relevant. Everyone cares about their money. If we pound ‘the economy is failing!’ as hard and as often as possible, enough people will get scared and vote for our candidate, Professor Hope!”

    F: “But Boss, what if there really *is* a recession?”

    Dr. C: “Don’t be silly! We are the strongest country in the world! What else could explain that nothing happens in the world without it being either our fault or our credit? No, there is no chance of that, and as soon as the Professor is elected we switch over to pounding ‘The economy has recovered!’ neatly preparing the way for his second term!”

    F: “Ok Boss, you’re the Boss.”

    Dr C: “Disaster! Who could have imagined that if we kept talking down the economy, some people would actually listen, and the aggregate of their selling would wreck their economy! In-con-ceivable!”

    F: “Well Boss, if you recall..”

    Dr C: “Shut up, flunky. We have much more important things to worry about how. Namely how to exploit this crisis? This time it can’t possibly go wrong!”


  27. Bankers, cool as a cucumber:

  28. What a mess! Experts ponder space junk

  29. Green wheel turns pedal bike into electric hog
    MIT trades bike tires for power generation, storage and propulsion system

  30. 165. programmer:


    Look at Drudge about the meltdown on CNBC.

    Look at the events in Oklahoma City where a policeman stopped a driver for displaying an anti-Obama sign AND got visited by the Secret Service highlighted on Instapundit.

    Is this the start?

  31. 157. geoffgo:

    I’m listening to FNS and the debate about another “bailout” - Detroit.

    The union apologists keep mouthing the idea that the bankruptcy of GM and C will create a catastrophic “ripple effect” that will seriously damage the overall economy, and put millions of employees out of work.

    In 2009, the industry is predicted to sell around 6.5M new vehicles, down from the hayday of 10.5M. Should GM and C stop production completely, the survivors would thrive, trying to fill the 3-4 million unit vacuum thus created.

    So it seems most of those pre-certified and pre-qulaified suppliers would immediately be needed to support the explosive sales growth of the remaining manufacturers.

    Also, we need to rebut this line of argument for an even more important reason.

    Let’s say the bailout only totals only $50 BILLION, and that 5M new vehicles are sold by GM and C. Isn’t taking money from the taxpaying, potential car buyers actually adding $10,000 to the cost of the car? Okay, spread across 10 years, $1,000 per unit?

    I realize the largess is spread across all us taxpayers, whether we want a new car, or not; but payback of these monstrous loans will be based on unit sales, no?

    Doesn’t that presnt an enormous cost-disadvantage to GM and C, versus those manufacturers who don’t take the money?

    166. Doug:

    (157. geoffgo:)

    The Ripple Effect

  32. " Our research shows that Cisco is actually the second best tasting of the five great bum wines, especially if you're having one of those hankerings for cheap Vodka, Jello and Robitussin. We must also note that Cisco is the best of all 5 bum wines at putting the darkest and puffiest bags under your eyes. The nuclear-tinted color of "Cisco RED" is reminiscent of diesel fuel. Most Cisco flavors are named by the fruit flavor that they are trying to emulate, but the one picture is simply called "RED."
    This chemical disaster will get your head spinning in no time.

    A test subject reports, "Strawberry Cisco has a bouquet similar to that of Frankenberry cereal fermented in wine cooler with added sprinkle of brandy for presentation."

    The sticky, sickingly sweet taste with a hint of antifreeze really comes through in the repellant taste of Cisco.
    Avaliable in various flavors, 375 mL and 750mL sizes. Down a whole 750 mL and you had better be ready to clear your calendar as you suffer through Cisco's legendary 2 day hangover.

  33. Standards?

    Why, no.

  34. Well, then.
    What about TASTE?
    Care for some Cisco?


    For Release TIME 9:30 am EST

    February 19, 2009

    AEHI is now a fully reporting public company to the SEC

    Boise, Idaho, February 19 , 2008 – Alternate Energy Holdings, Inc (OTC: AEHI.PK): AEHI's registration statement has been accepted by the SEC, qualifying it to be a fully reporting company. The company will conduct audits and file the required financial reports to keep its information current with the SEC and available to all potential investors.

    AEHI's planned advanced nuclear reactor, Idaho Energy Complex, near Mountain Home, Idaho is the only viable commercial nuclear plant proposed west of the Rocky Mountains. The plant will be capable of selling electricity to the power challenged northwestern US and California. The company has 1400 acres under contract in Idaho. Also, the company has a pending agreement with the Mexican government to construct an advanced nuclear reactor that will also desalinate sea water into potable water for the southwestern US. An MOU has been signed with the landowner and water sources for an advanced nuclear reactor for electricity as well as joint venture on solar for the Colorado Energy Park near Pueblo, CO. Also, the company is in early discussions regarding supplying a nuclear reactor to help with removing oil from the Tar Sands in Alberta, Canada. Another AEHI holding is Energy Neutral Inc which uses technology and renewables to virtually eliminate energy bills for homes, businesses and farms and is beginning to do business in Arizona and Colorado as well as Idaho.

    AEHI’s internationally recognized senior nuclear executive team is highly regarded in the management of construction, operations and maintenance of commercial nuclear reactors. The company has arrangements in several Asian countries to obtain funding and strategic partners for its projects.

    About Alternate Energy Holdings, Inc. (

    Alternate Energy Holdings actively acquires private green energy companies, as well as develops and markets innovative clean energy sources. Current projects include the Idaho Energy Complex (, nuclear plant and bio-fuel generation facility, energy-neutral home and business technology (, Colorado Energy Park and International Reactors, Inc., which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that the forward-looking statements included in this press release will prove accurate.

    US Investor Relations:


  36. Chivas Regal and Mountain Dew.

  37. Sure hope Mat doesn't suffer a Meltdown when he sees that,

  38. We're gonna desalinate and irrigate the southwest, electrify the west, heat oil out of tars sands in Canada, all while Mat is peddling his bike downhill to charge it up!

    Mat, just joking, don't get mad at me:)

  39. "Stimulate The Economy--Give Me A Tummy Tuck!"

  40. "Annual Travel To Disneyland!"

  41. "Can I Have Free Gas With My Free Rent?"

  42. Sure hope Mat doesn't suffer a Meltdown when he sees that,

    WASHINGTON (AFP) - Firms building nuclear power stations will have to present designs that limit the possible effects of a large aircraft hitting the facility, the US nuclear energy watchdog said Wednesday.

    I don't get mad, Bob. I get mad and even. :)

  43. OTTAWA (Reuters) - Greenpeace activists scaled a bridge in the Canadian capital on Wednesday and unfurled two large banners urging U.S. President Barack Obama to take a tough stand on Canada's huge oil sands when he visits on Thursday.

    "Climate Leaders Don't Buy Tar Sands" read one of the banners, which faced toward Parliament. The oil sands represent the largest reserves outside the Middle East, but extracting the heavy crude from the sands releases enormous amounts of greenhouse gases, blamed for global warming.

    Obama -- who has vowed to spend billions developing cleaner sources of energy -- is due to spend a few hours in the houses of Parliament while in Ottawa on his first foreign visit since taking power last month.

  44. What? Does the Messiah own the Canadian tar sands?

    urging U.S. President Barack Obama to take a tough stand on Canada's huge oil sands

  45. What? Does the Messiah own the Canadian tar sands?

    No. US corporations own Canada.

  46. Idaho is one of the states that may not take much of the stimulus money. Gov. Butch said yesterday the devil was in some of the details and they were looking at it. Seems after the money runs out we may be stuck in perpetuity funding the same damnable stuff. Butch is the kind of guy that will stick with his guns too, once he gets a mind to.

    If other news here yesterday, Avista is trying to get the legislature to allow them to tack a $1/month fee onto the bill of paying customers like me, to be put in a fund to help out the non-payers. While this might be in line with Christian ethics, it's probably against our laws, as taxes are supposed to be applied equally across the board. Anyway I got to thinking about it as a sign of the times. If somebody can't pay, just take it from somebody that can. I'm keeping my eye on this story. We always had a voluntary checkoff, now they want to just check it off for you, without asking.

  47. No. US corporations own Canada.

    Just as Rat has always said.

  48. And it's time to kick these pirates out. Or in the case of the US automakers, kill them outright. Btw, why aren't the oil corporations paying for the auto bailout?

  49. Netanyahu gets endorsement from right in Israel

    JERUSALEM (AP) - Far-right politician Avigdor Lieberman endorsed Benjamin Netanyahu for Israeli prime minister on Thursday, all but guaranteeing that Netanyahu will be the country's next leader.

    The divisive Lieberman emerged as the kingmaker of Israeli politics after the Feb. 10 election produced a deadlock between its two largest parties, and his backing of Netanyahu could be the basis for a hardline government.

    Such a government could freeze peace talks with the Palestinians, hurt Israel's standing in the world and place it on a possible collision course with President Barack Obama, who has said Mideast peacemaking will be a top priority of his administration.

    Lieberman's Yisrael Beitenu Party finished third in the election, essentially allowing him to determine whether Netanyahu or his chief rival, Foreign Minister Tzipi Livni, would be able to form a parliamentary majority.

    Lieberman announced his decision in a meeting with President Shimon Peres, who is holding consultations with political parties this week before choosing a candidate to form a government. If Peres names Netanyahu, then Netanyahu will have six weeks to work out a deal with other parties to create a coalition.

  50. Pirates R Us

    Actually the Canadians own a lot down here too.

    Did you hear Sweden isn't going to bail out SAAB auto?

    Why don't the oil companies bail out the autos? Not really their affair. Besides the ever sucking US taxpayer is an easier mark.

  51. place it on a possible collision course with President Barack Obama

    Good. Let it be known that these giveaways to the Jihadis have been forced on Israel by US gluttony.

  52. Not really their affair.

    That's why they're holding to battery patents that could be used to bring cheap electric vehicles to market. Think Honda Insight, but costing $5k instead of $20k.

  53. Actually the Insight is a hybrid, and therefore bad example. I'm thinking a pure Electric Vehicle, with a large battery compartment that will do 200 miles per charge.

  54. Mat is the Energizer Bunny in Disguise.
    ...minus the entertainment value.

  55. Stated: Such a government could freeze peace talks with the Palestinians, hurt Israel's standing in the world and place it on a possible collision course with President Barack Obama, who has said Mideast peacemaking will be a top priority of his administration.

    For 15 years successive Israeli governments bowed to the world, arabs and the USA in a formula of "Land for Peace"

    This is dead...

    Peace for Peace is now the option..

    The Palestinians/arabs/islamists are savages....

    They have PROVED this time and time again...

    They have been given every chance in the world to create a garden of eden, they choose everytime to creae dante's inferno...


    The Palestinians are self inflicting on themselves the Passover story, except they are the Egyptians and the 10 plagues are doing them in....

    And even with all the kings men, and all the kings riches good old barbarian savages could not make a purse out of a sow's ear....

    The new story is you cannot make peace with those dedicated to ripping your 11 year old daughter's heart out....

    ANd it's aint a peace process when the Hamas/Iranians/Hezbollah & fatah call for a hunda or a calming....

    no that's a smokescreen and bullshit...

    Gilad Shalit....

    ONE Jew.... Should be traded for ONE arab corporal...

    no more and no less....

    Otherwise if Gilad is worth 1000 prisoners, then thank you for demanding for each israeli dead them we have gotten your PERMISSION to KILL 1000 of yours...

    Israel is the canary in the mine and at this time BHO is about 2 years short and one or two USA blackeyes to come before the USA led by BHO will come to understand the jihadist mentality...

    This week in the good OLE USA a very nice moslem man, who dedicated his life to teaching islam to us dhimmis as a faith of "peace" showed his true colors and cut his wife's HEAD OFF....

    Yep a religion celebrated by 1/2 of the world is a faith of savages....

    and the way to peace?

    good fences and fresh ammo...

  56. ...minus the entertainment value.

    That all depends. :)

  57. Did you hear Sweden isn't going to bail out SAAB auto?

    Why should they? Plenty of gov money coming from Canada.

  58. "As far back as 1990, Stiglitz argued in a paper (it can be found on The Economist's Voice Web site at against securitizing mortgages and selling them because "when banks retained the mortgages which they issued, they had greater incentives to screen loan applicants." He asked, again with startling prescience:
    "Has securitization been a result of more efficient transactions technologies, or an unfounded reduction in concern about the importance of screening loan applicants?"
    But America's financial system has changed dramatically since the 1930's. Many of America's big banks moved out of the "lending" business and into the "moving business." They focused on buying assets, repackaging them, and selling them, while establishing a record of incompetence in assessing risk and screening for creditworthiness. Hundreds of billions have been spent to preserve these dysfunctional institutions.

    Nothing has been done even to address their perverse incentive structures, which encourage short-sighted behavior and excessive risk taking. With private rewards so markedly different from social returns, it is no surprise that the pursuit of self-interest (greed) led to such socially destructive consequences. Not even the interests of their own shareholders have been served well.

    Meanwhile, too little is being done to help banks that actually do what banks are supposed to do - lend money and assess creditworthiness.

  59. A coalition of energy companies and the Crown Estate (who owns the land) are hammering out a deal to build six gigawatts of wind power off the coast of Scotland. You heard that right, gigawatts. That's the equivalent, roughly, of seven humongous nuclear power plants and will account for tens of billions of dollars in investment.

    Your entertainment millage may vary.

  60. Meanwhile, too little is being done to help banks that actually do what banks are supposed to do - lend money and assess creditworthiness.

    That's nonsense. Banks lend money based on collateral. Banks going out of business just means that the collateral put forward became worthless. Million dollar homes are unsustainable where the majority of employees work for less than $17/hr.

  61. $DJI is testing 7450. If that floor breaks, it's DOW 4000.

    Did I hear Proskauer Rose is involved in Madoff (involved a lot of clients too) and acted as Allen Stanford's attorney. Investors who lost money in these scams should start looking at the law firm Proskauer's assets for recovery. First, Proskauer partner Gregg Mashberg claims Madoff is a financial 9/11 for their clients. Then, Proskauer partner Thomas Sjoblom former enforcement dude for SEC and Allen Stanford attorney, declares PARTY IS OVER to Stanford employees and advises them to PRAY, this two days before SEC hearings. Then at hearings he lies with Holt to SEC saying she only prepared with him but fails to mention Miami meeting at airport hanger. Then Sjoblom resigns after SEC begins investigation and sends note to SEC disaffirming all statements made by he and Proskauer, his butt on fire.

    Proskauer Rose and Foley and Lardner are also in a TRILLION dollar FEDERAL LAWSUIT legally related to a WHISTLEBLOWER CASE also in FEDERAL COURT. Marc S. Dreier is also a defendant in the Federal Case.

    The Trillion Dollar suit according to judge Shira Scheindlin is one of PATENT THEFT, MURDER AND A CAR BOMBING. For graphics on the car bombing visit

    The Federal Court cases

    United States Court of Appeals for the Second Circuit Docket 08-4873-cv - Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al. - TRILLION DOLLAR LAWSUIT

    Cases @ US District Court - Southern District NY

    (07cv09599) Anderson v The State of New York, et al. - WHISTLEBLOWER LAWSUIT

    (07cv11196) Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al.

    (07cv11612) Esposito v The State of New York, et al.,

    (08cv00526) Capogrosso v New York State Commission on Judicial Conduct, et al.,

    (08cv02391) McKeown v The State of New York, et al.,

    (08cv02852) Galison v The State of New York, et al.,

    (08cv03305) Carvel v The State of New York, et al., and,

    (08cv4053) Gizella Weisshaus v The State of New York, et al.

    (08cv4438) Suzanne McCormick v The State of New York, et al.