An Important Watch Constitutional Lawyer on the Fed, “The Gig is Up”

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  • Sun, Jan 31, 2010 - 10:31pm

    #11
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: An Important Watch Constitutional Lawyer on the Fed, …

  • Tue, Feb 02, 2010 - 05:29pm

    #12
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: An Important Watch Constitutional Lawyer on the Fed, …

Its disengenuous for Ferguson to suggest bank leverage had nothing to do with the crisis when capital requirements were denominated by line items such as goodwill and the present value of deferred tax assets (about half of Citibanks capital in Q4 2008).  Banks have been writing the rules for a decade plus.  It smacks of how he depicted the backwater of Memphis, TN, and its minorities as the backdrop that was sub-prime in “The Ascent of Money”.  TN isn’t even a recognized as a sub-prime state.  Accuracy would have had him going 20-50 miles from LA, or to AZ or FL, where you see infrastructure and NEW empty houses, or empty partial/undeveloped lots.  This is all part of the reason he is regarded as a Revisionist Historian.

Rand Paul will have to fight uphill to get the republican leadership to recognize him.  His push for a balanced budget sounds a little like the “Paygo” rules from the other side, only he’d try to spend less.  The problem, as perhaps others here would agree, is the Jack Kemp/Reagan/Voodoo Economics republicans who still believe the best way to pay for things is not to pay for them at all.  If this were the defining characteristic of the Tea Party, IMO they would gain ground.

Paul’s complaint of the EPA witholding coal mine permits made me think of the ~20, or so, mountain top removal projects that the EPA has, indeed, recently witheld in the southeast.  Maybe he’d like to be interviewed from a plane about all the great “jobs”, as it flew over what’s left behind once he participated in lifting them.  I was born and raised a voting republican, who hikes.  KY isn’t my back yard, but if a coal seem were found in the hill that’s given me some great memories, I know what I would do.

-Sorry to go OT with the response

 

  • Tue, Feb 02, 2010 - 05:37pm

    #13
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: An Important Watch Constitutional Lawyer on the Fed, …

I guess the time away from CM didn’t do you any good.  Still lost in space.Foot in mouth

 

[quote=FinPro]

Its disengenuous for Ferguson to suggest bank leverage had nothing to do with the crisis when capital requirements were denominated by line items such as goodwill and the present value of deferred tax assets (about half of Citibanks capital in Q4 2008).  Banks have been writing the rules for a decade plus.  It smacks of how he depicted the backwater of Memphis, TN, and its minorities as the backdrop that was sub-prime in “The Ascent of Money”.  TN isn’t even a recognized as a sub-prime state.  Accuracy would have had him going 20-50 miles from LA, or to AZ or FL, where you see infrastructure and NEW empty houses, or empty partial/undeveloped lots.  This is all part of the reason he is regarded as a Revisionist Historian.

Rand Paul will have to fight uphill to get the republican leadership to recognize him.  His push for a balanced budget sounds a little like the “Paygo” rules from the other side, only he’d try to spend less.  The problem, as perhaps others here would agree, is the Jack Kemp/Reagan/Voodoo Economics republicans who still believe the best way to pay for things is not to pay for them at all.  If this were the defining characteristic of the Tea Party, IMO they would gain ground.

Paul’s complaint of the EPA witholding coal mine permits made me think of the ~20, or so, mountain top removal projects that the EPA has, indeed, recently witheld in the southeast.  Maybe he’d like to be interviewed from a plane about all the great “jobs”, as it flew over what’s left behind once he participated in lifting them.  I was born and raised a voting republican, who hikes.  KY isn’t my back yard, but if a coal seem were found in the hill that’s given me some great memories, I know what I would do.

-Sorry to go OT with the response

 

[/quote]

  • Tue, Feb 02, 2010 - 05:43pm

    #14
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: An Important Watch Constitutional Lawyer on the Fed, …

[quote=LogansRun]

I guess the time away from CM didn’t do you any good.  Still lost in space.Foot in mouth

[/quote]

Sorry, I haven’t had the time to keep slugging for the Platinum Membership.  Care to be a little more articulate?

  • Tue, Feb 02, 2010 - 06:14pm

    #15
    Peak Prosperity Admin

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    Re: An Important Watch Constitutional Lawyer on the Fed, …

[quote=FinPro]Its disengenuous for Ferguson to suggest bank leverage had nothing to do with the crisis[/quote]

Excellent catch on Ferguson, and how he spun the housing situation as a backwater TN issue.  He’s the authorized biographer of the Rothschilds, which means 1) he’ll spin everything away from the core banks, and 2) he’ll do so with such elitist, proper, Victorian schmarm.

[quote]Paul’s complaint of the EPA witholding coal mine permits made me think of the ~20, or so, mountain top removal projects that the EPA has, indeed, recently witheld in the southeast.  Maybe he’d like to be interviewed from a plane about all the great “jobs”, as it flew over what’s left behind once he participated in lifting them.  I was born and raised a voting republican, who hikes.  KY isn’t my back yard, but if a coal seem were found in the hill that’s given me some great memories, I know what I would do.[/quote]

You’re right with this.  This is the dilemma between the establishment right and left–both are wrong.  Left promotes big government statism.  Right promotes big corporate/banking exponential growth which, as CC viewers know, is an unstable system.  So these new “tea party” folks better figure out how to free their local districts from big corporate control, rather than submitting to it and asking for more of it, otherwise they are just playing along with the establishment right.  Paul says he wants to fight the EPA so the coal companies can employ his constituents, thereby leveling more KY mountains.  This just means he’s submitting to the big corporate system that extracts wealth and resources up to the capital controllers on Wall St in return for local paychecks, and he has no solution to the exponential growth corporate system being driven by the exponential growth monetary system. 

This is a real dilemma.  I’m not sure how the world is going to solve it.  But what I am sure of is, given the economic incentives, it’s impossible to solve it as long as the Fed and Wall St cartel sit at the top of the monetary pyramid. 

 

  • Tue, Feb 02, 2010 - 08:41pm

    #16
    Peak Prosperity Admin

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    Re: An Important Watch Constitutional Lawyer on the Fed, …

This isn’t a R vs. L issue nor Democrat vs Republican.  Democrats are just as bad (if not worse) at spending and not paying.   If the Tea Party’s went in that direction then it becomes “politics”.  This problem won’t be fixed through politics unfortunately because tptb are not the politicians.   Until you realize this…..lost in space.

 

[quote=FinPro]

[quote=LogansRun]

I guess the time away from CM didn’t do you any good.  Still lost in space.Foot in mouth

[/quote]

Sorry, I haven’t had the time to keep slugging for the Platinum Membership.  Care to be a little more articulate?

[/quote]

  • Fri, Jul 26, 2013 - 12:51pm

    #17
    Allison Ayala

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    It’s really to get an

It's really to get an attorney who is specialized in commercial law.

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