Your.. Political 3 Wishes

[MaggieMae]

Maggie, here's an interview he did with the NYT. It seems like he said what you're saying.

Questions For Harry Markopolos - Math Is Hard - Interview - NYTimes.com

Are you saying the S.E.C. under Schapiro is about to catch fraud on Wall Street?
She has the wrong staff. They’re a bunch of idiots there.

What do you mean?
The five commissioners of the S.E.C. are securities lawyers. Securities lawyers never understand finance. They don’t have the math background. If you can’t do math and if you can’t take apart the investment products of the 21st century backward and forward and put them together in your sleep, you’ll never find the frauds on Wall Street.

So why doesn’t the S.E.C. hire finance people? Why don’t they hire you?
They’re overlawyered. They’re poisoned by lawyers.

Thanks. That was it. I have a lot of past copies of the NYT Sunday Magazine and only read that one recently. My son, here for the holiday weekend, took several with him including that one I guess which is why I couldn't find it.

When I said the president needed to shake up his economic team, I'd like to see Geitner replaced as Treasury Secretary with Elizabeth Warren, and bring back David Walker (ex chief of the GAO) in one of the other top analyst positions. These are both wicked smart financial types, with no political agendas, at least so far, and don't beat around the bush (no pun intended) with politically correct or feel-good rhetoric.

 

[rikules]

First my just 3....

1) The government will finally get the message that they work for us and not for their re-election.

2) Government control over the American people will be greatly diminished.

3) We will have divided government in the next election with Republicans and Independents taking over the House and Senate.

===============

my 3


1) The government will finally get the message that they work for us and not for their re-election.

2) Government control over the American people will be greatly diminished.

3) We will have a divided governemtn in the next election with RINOS, INDEPENDENTS and DINOS taking over the house and senate

no more left wing
no more right wing

 

[rikules]

1. That every bill begins with the words "This bill is Constitutional under 'insert relevant section of the Constitution that grants the Government the authority to enact bill'.

2. No Special Interests. The only 'special interest' group acceptable is 'We, The People'.

3. That no further back door deals, pork, and kickbacks are tolerated.

And...... most importantly.....

1. That 'We, The People' recognize that our best interests are not served by stupid, partisan bickering and pathetic point scoring. The Democrats are corrupt. The Republicans are corrupt. Neither side is worthy of your vote. Get smart and stop allowing these corrupt assholes to destroy our once great nation. I don't just blame the politicians, I blame Americans.

if you seriously mean what you say....

I agree

 

[rikules]

I wish for a credible third party presence in the House and Senate that will make it nearly impossible to pass any new laws except those that truly have a consensus.

there was a day when we had MULTIPLE parties....

you can go to ebay (sometimes) and find election/voting forms from the early 1900's showing 6 or 7 parties

unfortunately the two megaparties devoured all the others

 

[georgephillip]

"In California's case that would fan out (via fractional reserve lending) to almost $4 trillion in loans. The state would finance mortgages at 2% and cap credit cards at 6%.

California's residents would save billions of dollars every year in interest which would stay in the state, creating jobs (and maybe...saving the world) The State Bank would also earn billions helping its citizens prosper.

Only Wall Street would lose which explains why almost all Republicrats are reluctant to support public banking.


...i briefly touched your khavari page..nothing jumped out at me that he, or you for that matter, are fully aware of 'the absolute fraudulent nature of our money (ISSUANCE, etc.) system'..(you mention the fraudulent, stinking, rotten practice of 'fractional reserve lending' without even a whimper of condemnation!!)...

..i have VERY few questions for khavari or any political candidate, etc., in thi$ matter..1.)what is IT, precisely, that should/ought/is to be used 'as money?'...how is any 'new money' to be created, 'issued,' etc.?..who is to do this and honestly keep track of it all?..that's all..that's all i want answered from any "REPUBLICRAT"..(including btw, the many republicrats in THE GREEN PARTY INC., THE LIBERTARIAN PARTY INC., ETC.)

...have a good day!..

..btw, when i wished for 'complete government transparency' i had this stinking money fraud in mind first and foremost!!..

...but sadly, as one wag put it, "..the world is upside down..what's public ought to be private..and vice versa.. consequently, these stooooooopid republicrat fucks know more about the latest movie star pee-pee antics than they do about the 'dollars' for which they are the $lave, fool, mercenary, etc..."

The money question deserves a far better answer than I can provide.
90% of our currency comes into existence as a loan that require repayment with interest.
Public banks will greatly reduce the amount of interest we all have to pay.

A German study makes the claim 30 percent to 50 percent of everything we buy is "composed of interest".

As far a fractional reserve lending is concerned: Would it be any improvement if Treasury by-passed the Federal Reserve and spent trillions of dollars directly into the economy instead of allowing the Fed to loan the money into circulation?

Putting millions of Americans back to work building a network of high-speed rail and universal fiber optic broadband from Maine to Modesto seems like 21st Century WPA possibilities if the payroll money comes into existence debt free.

 

[Polk]

Why? Because we want people with no experience in their respective industries to be writing regs for them?

You could have people with experience in the industry who aren't beholden to special interests if you were willing to pay them in something other than circus peanuts.

I was unaware that gov't jobs paid "circus peanuts."
That wins for dumbest comment of the day.

It's a pretty common figure of speech. To address the matter more directly, pay for government employees is shitty.

 

[Polk]

Maggie, here's an interview he did with the NYT. It seems like he said what you're saying.

Questions For Harry Markopolos - Math Is Hard - Interview - NYTimes.com

Are you saying the S.E.C. under Schapiro is about to catch fraud on Wall Street?
She has the wrong staff. They’re a bunch of idiots there.

What do you mean?
The five commissioners of the S.E.C. are securities lawyers. Securities lawyers never understand finance. They don’t have the math background. If you can’t do math and if you can’t take apart the investment products of the 21st century backward and forward and put them together in your sleep, you’ll never find the frauds on Wall Street.

So why doesn’t the S.E.C. hire finance people? Why don’t they hire you?
They’re overlawyered. They’re poisoned by lawyers.

They couldn't hire finance people if they wanted to. They can't pay them enough.

 

[boedicca]

Why? Because we want people with no experience in their respective industries to be writing regs for them?

You could have people with experience in the industry who aren't beholden to special interests if you were willing to pay them in something other than circus peanuts.

I was unaware that gov't jobs paid "circus peanuts."
That wins for dumbest comment of the day.

It sure as hades ain't peanuts:

Who are America's fastest-growing class of millionaires? They are police officers, firefighters, teachers and federal bureaucrats who, unless things change drastically, will be paid something near their full salaries every year--until death--after retiring in their mid-50s. That is equivalent to a retirement sum worth millions of dollars.

If you further ask the question: How much salary would it take to live, save a build a $2 million stash over a 30-year career, the answer would be: somewhere close to $75,000 more than the nominal salary, if you include all the tax bites associated with earning, saving and investing money.

In other words, if a police officer, firefighter, teacher or federal bureaucrat is making $75,000 a year, she is effectively making twice that amount. Implied in her annual pension payout is that she diligently saved half of her annual salary--after taxes--in order to save, invest and build--again, after taxes--the $2 million pot.

So when you hear that government workers now make, on average, 30% more than private sector workers, you are not getting the full story. Government workers make more than twice as much as private sector workers, on average, when you include the net present value of their pensions.

The Millionaire Cop Next Door Digital Rules - Forbes.com

 

[boedicca]

You could have people with experience in the industry who aren't beholden to special interests if you were willing to pay them in something other than circus peanuts.

I was unaware that gov't jobs paid "circus peanuts."
That wins for dumbest comment of the day.

It's a pretty common figure of speech. To address the matter more directly, pay for government employees is shitty.

No it's not. They are paid far more than the private sector for comparable jobs.

 

[Polk]

Quoting Forbes on government staffing issues is as useful as quoting Pravda's take on America.

 

[boedicca]

Math is math. And what is happening to government budgets due to greedy unions is not a lie.

 

[Polk]

I was unaware that gov't jobs paid "circus peanuts."
That wins for dumbest comment of the day.

It's a pretty common figure of speech. To address the matter more directly, pay for government employees is shitty.

No it's not. They are paid far more than the private sector for comparable jobs.

No, they're not. They'd paid more on average than the private sector, but that's also because they tend to be better educated and have more years of experience. Once you account for those differences, they'd paid much less than their private sector counterparts.

 

[boedicca]

That's been proven to be total bunk. If your theory were correct and they were so educated and skilled, then they would be earning more in the private sector. Instead, the public payrolls are stuffed with people with poor work ethics who surf porn for a large portion of the days for which they actually bother to show up to work.

 

[Polk]

If it's been proven, perhaps you'd like to provide some evidence to support your claim.

 

[sweetie]

90% of our currency comes into existence as a loan that require repayment with interest.
Public banks will greatly reduce the amount of interest we all have to pay....A German study makes the claim 30 percent to 50 percent of everything we buy is "composed of interest".

..these are interesting claims but until/unless we have honest accounting/auditing, (hint: i don't think we do..) i have zero faith as to any number$ provided by these $ecret $quirrel bank$ters..and methinks anyone with any faith in these fuck$' number$ would fit in well in 'munchkinville..'

As far a fractional reserve lending is concerned: Would it be any improvement if Treasury by-passed the Federal Reserve and spent trillions of dollars directly into the economy instead of allowing the Fed to loan the money into circulation?

...whatever the system of issuance/money creation..i want it TRANSPARENT and EQUAL TO/FOR ALL..

...btw, i forgot..as to 'public banks' above..'PUBLIC' 'banks of issue'..yes..but as to personal money transactions, deposit-holding, etc. fiduciary actions galore,..THIS ASPECT OF 'BANKING' OUGHT TO BE COMPLETELY PRIVATE (if one so chooses)..BUT IN REPUBLICRATVILLE/MUNCHKINVILLE IT IS NEARLY THE OPPOSITE..

 

[DiamondDave]

If it's been proven, perhaps you'd like to provide some evidence to support your claim.

Perhaps you would provide the non-winger based information that supports your assertion that govt employees in the same field/job as their private corporation counterparts are any more educated or more experienced

 

[georgephillip]

90% of our currency comes into existence as a loan that require repayment with interest.
Public banks will greatly reduce the amount of interest we all have to pay....A German study makes the claim 30 percent to 50 percent of everything we buy is "composed of interest".

..these are interesting claims but until/unless we have honest accounting/auditing, (hint: i don't think we do..) i have zero faith as to any number$ provided by these $ecret $quirrel bank$ters..and methinks anyone with any faith in these fuck$' number$ would fit in well in 'munchkinville..'

As far a fractional reserve lending is concerned: Would it be any improvement if Treasury by-passed the Federal Reserve and spent trillions of dollars directly into the economy instead of allowing the Fed to loan the money into circulation?

...whatever the system of issuance/money creation..i want it TRANSPARENT and EQUAL TO/FOR ALL..

...btw, i forgot..as to 'public banks' above..'PUBLIC' 'banks of issue'..yes..but as to personal money transactions, deposit-holding, etc. fiduciary actions galore,..THIS ASPECT OF 'BANKING' OUGHT TO BE COMPLETELY PRIVATE (if one so chooses)..BUT IN REPUBLICRATVILLE/MUNCHKINVILLE IT IS NEARLY THE OPPOSITE..

Wouldn't we first have to start with a definition of "money?"

Any system of creation and issuance of money as corrupt as ours probably began with a fundamental "misunderstanding" of what money is.

Or what it could/$hould be...

 

[MaggieMae]

"In California's case that would fan out (via fractional reserve lending) to almost $4 trillion in loans. The state would finance mortgages at 2% and cap credit cards at 6%.

California's residents would save billions of dollars every year in interest which would stay in the state, creating jobs (and maybe...saving the world) The State Bank would also earn billions helping its citizens prosper.

Only Wall Street would lose which explains why almost all Republicrats are reluctant to support public banking.


...i briefly touched your khavari page..nothing jumped out at me that he, or you for that matter, are fully aware of 'the absolute fraudulent nature of our money (ISSUANCE, etc.) system'..(you mention the fraudulent, stinking, rotten practice of 'fractional reserve lending' without even a whimper of condemnation!!)...

..i have VERY few questions for khavari or any political candidate, etc., in thi$ matter..1.)what is IT, precisely, that should/ought/is to be used 'as money?'...how is any 'new money' to be created, 'issued,' etc.?..who is to do this and honestly keep track of it all?..that's all..that's all i want answered from any "REPUBLICRAT"..(including btw, the many republicrats in THE GREEN PARTY INC., THE LIBERTARIAN PARTY INC., ETC.)

...have a good day!..

..btw, when i wished for 'complete government transparency' i had this stinking money fraud in mind first and foremost!!..

...but sadly, as one wag put it, "..the world is upside down..what's public ought to be private..and vice versa.. consequently, these stooooooopid republicrat fucks know more about the latest movie star pee-pee antics than they do about the 'dollars' for which they are the $lave, fool, mercenary, etc..."

The money question deserves a far better answer than I can provide.
90% of our currency comes into existence as a loan that require repayment with interest.
Public banks will greatly reduce the amount of interest we all have to pay.

A German study makes the claim 30 percent to 50 percent of everything we buy is "composed of interest".

As far a fractional reserve lending is concerned: Would it be any improvement if Treasury by-passed the Federal Reserve and spent trillions of dollars directly into the economy instead of allowing the Fed to loan the money into circulation?Putting millions of Americans back to work building a network of high-speed rail and universal fiber optic broadband from Maine to Modesto seems like 21st Century WPA possibilities if the payroll money comes into existence debt free.

So who would control the cash flow? The IRS?

 

[MaggieMae]

Maggie, here's an interview he did with the NYT. It seems like he said what you're saying.

Questions For Harry Markopolos - Math Is Hard - Interview - NYTimes.com

Are you saying the S.E.C. under Schapiro is about to catch fraud on Wall Street?
She has the wrong staff. They’re a bunch of idiots there.

What do you mean?
The five commissioners of the S.E.C. are securities lawyers. Securities lawyers never understand finance. They don’t have the math background. If you can’t do math and if you can’t take apart the investment products of the 21st century backward and forward and put them together in your sleep, you’ll never find the frauds on Wall Street.

So why doesn’t the S.E.C. hire finance people? Why don’t they hire you?
They’re overlawyered. They’re poisoned by lawyers.

They couldn't hire finance people if they wanted to. They can't pay them enough.

I bet they come cheaper than lawyers.

 

[MaggieMae]

You could have people with experience in the industry who aren't beholden to special interests if you were willing to pay them in something other than circus peanuts.

I was unaware that gov't jobs paid "circus peanuts."
That wins for dumbest comment of the day.

It sure as hades ain't peanuts:

Who are America's fastest-growing class of millionaires? They are police officers, firefighters, teachers and federal bureaucrats who, unless things change drastically, will be paid something near their full salaries every year--until death--after retiring in their mid-50s. That is equivalent to a retirement sum worth millions of dollars.

If you further ask the question: How much salary would it take to live, save a build a $2 million stash over a 30-year career, the answer would be: somewhere close to $75,000 more than the nominal salary, if you include all the tax bites associated with earning, saving and investing money.

In other words, if a police officer, firefighter, teacher or federal bureaucrat is making $75,000 a year, she is effectively making twice that amount. Implied in her annual pension payout is that she diligently saved half of her annual salary--after taxes--in order to save, invest and build--again, after taxes--the $2 million pot.

So when you hear that government workers now make, on average, 30% more than private sector workers, you are not getting the full story. Government workers make more than twice as much as private sector workers, on average, when you include the net present value of their pensions.

The Millionaire Cop Next Door Digital Rules - Forbes.com

For once I agree that government workers have it all: Better pay, better perks. It's also a problem in the military, where the grunts doing the dirty work get paid about an eighth of what private contractors do, and last I looked there were more of the latter than the former. We always talk about government waste, government fraud and bloated bureacracies, but we never seem to talk about government excess in the unseen areas of human resources.