BofA Drills Customer’s Safe Deposit Box in Calif. Still Trust The Banksters?

August 9, 2012

They’re all crooks and there’s too much fine print (and “The rent’s too damn high”). You ever try to read those onion-thin little disclosure pamphlets that come with a new credit card? Fagetaboutit! Useless crap.

In the 2008 financial meltdown, fifty US states (or was 57?) all of them anyway, holding an estimated $32 Billion worth of unclaimed property used those assets to balance their budgets. California was sued in a class action suit for their abuses and tried to get the waiting time for unclaimed property seizure reduced from an original 15 years to ONE year!

FDIC, CFTC, the SEC, Dodd Franks (Wall Street Reform & Consumer Protection Act) my ass. You may as well just bend over because they have done NOTHING to safeguard your hard-earned dollars or investments. 

Remember MF Global? Maybe not, so I’ll remind you. They disappeared $1.6 billion of segregated, supposedly “protected” client funds.

Then there’s PFG Best and Knight Capital, all banksters (gangsters on Wall Street in cahoots with government feathering each other’s beds). Oh and don’t forget the LIBOR (London InterBank Offered Rates -the benchmark for interest rates globally) scandal.

Why are so many financial professionals and investors fleeing Wall Street and equities?

HINT:  It’s not the computers (NASDAQ’s claim in the Facebook IPO debacle), it’s a crisis in confidence and disgust regarding conflicts of interest, market manipulation and a lack of faith in the system. It’s the Central Banks (primarily The Fed & European Central Bank), the politicians and the TBTF (too big to fail) banks pointing guns at each other desperately trying to maintain their power.

It’s a rigged game! The banks no longer lend, but speculate & steal.

It’s a house of cards and it won’t take much to bring it all crashing down. And then Lord, save us from government protection!

Aloha, Mikie ~just a blogger (fightin’ like a girl)

Like Facebook, Election 2012 Will Be A Broom Handle Up The Wazoo ~Again

May 25, 2012

Facebook ripoff a big surprise? No it’s just another nail in the coffin (preceded by the likes of Bernie Madoff, Jon Corzine & the SEC, Fannie & Freddie, Chris Dods, Barnie Franks, Jamie Dimon and Morgan Stanley to name a few) for the integrity of Wall Street and in fact, the rule of law.

Let me recount the facts. Shares of FB have fallen approximately 17% in a week (not supposed to happen in an IPO). But don’t worry, the 1-yr target is 45 -HA!

First of all, Morgan Stanley severely over-valued & over-sold a company which produces no product. And when it became apparent the stock was faltering, Morgan Stanley notified selected analysts who passed it on to major investors & the elite (read: insider trading). Then NASDAQ had a trading glitch (wink-wink) for 17 seconds -a lifetime in the nano-second world of computerized stock trading, but very convenient. Bottom line the 99%-ers got the broom-handle up the wazoo again!

Ok, election 2012 five months out and it’s pretty clear they will stop at nothing. There’s no level they won’t stoop to, though they’re having to put out some fires, like Newark’s Mayor Cory Booker slamming Obama’s mis-characterization of private equity. (ALL candidates including Obama & Booker receive huge money from private equity firms)!

Did you notice YouTube has scrubbed this & removed the audio portion?!! WHY?? Because Booker, an Obama supporter went off the reservation and criticized Obama’s continual slamming of Bain Capital. Now YouTube only shows Booker reading from a script on his laptop after the fact, back-pedaling as fast as he can.

But, moving on, a new law before Congress, H.R. 5799 would require all universities and colleges that receive federal funds (duh, that would be about all of them), repeat, would require these schools to offer and encourage voter registration to their students essentially turning the schools into “Voter Registration Agencies” and allow “same day registration” on election day! The bill has 130 co-sponsors, all Democrats. No voter ID required -just pass for a student.

And if that doesn’t do the trick. Check this out. A Spanish company called SCYTL has acquired the leading vote processing company (SOS) in the United States and will be counting a majority of the votes cast in November. With all the cyber attacks and hacking going on, this doesn’t exactly make me very comfortable. And do you suppose Spain (25% unemployment & massive debt) may have an interest in the outcome of our elections? With this global “spread the wealth” crowd currently in office and the alternative if not re-elected, I think the answer may be YES.

Aloha, Mikie

~Remember:  The government has NO resources. They produce NOTHING (just like Facebook). They can only take from one group and give to others they feel more worthy of their largess (buying votes). Support tax reform!

The Truth About Jon Corzine (Another Obama Bundler) & America’s Lost Rule of Law

December 10, 2011

This is the 2nd part of my most recent blog regarding Jon Corzine, Obama and the incestuous relationship between government and Wall Street insiders at the total peril of private citizens and investors like you and me.

Please listen to this interview with Ann Barnhardt on the MF Global collapse and the implication for our financial system. Get a cuppa coffee. You can just listen, you don’t have to watch it, or watch it in spurts, BUT WATCH or LISTEN TO THE ENTIRE THING!

Ann Barnhardt is self-described old school commercial hedge broker specializing in cattle and grain. She was so shocked by the corrupt dealings of MF’s CEO, Corzine and the Chicago Mercantile Exchange, she shuttered her own business saying she could no longer tell her clients that their monies and positions were safe. It’s astounding, and terrifying I might add.

Aloha, Mikie

Blago Off To Jail, Obama, No? Bernie Madoff Yes, Jon Corzine, Not Likely

December 8, 2011

Two Illinois state governors in a row convicted of fraud and corruption. Is this ‘the Chicago way’ gone bad? Hopefully (naive I know) it’s a sign that more of these bad actors get what they deserve. Buy why Blago and not Obama? And Tony Rezko, Obama’s racketeer neighbor and a fundraiser during Obama’s senate run (and that shady land deal), is now in the slammer and yet barely a mention of Obama’s role in this?

I love it that Rod Blagojevich is going away for a long time, and that his hair will soon be on the floor! I am not so happy that as he goes off to jail, he leaves behind 2 young daughters. How do you explain why daddy’s off to jail without lying -again? This is sad. Forget the wife, she was a willing accomplice just like Jerry Sandusky’s wife. They both knew what the hell was going on. Give them permanent conjugal visits.

As the MF Global story comes out and listening to Jon Corzine’s tale before a congressional panel today that he was devastated by the collapse of the commodities brokerage firm –when he caused it, is simply unbelievable! It’s gonna be, “I don’t recall” or “I plead the 5th”.

For a little history on Mr. Corzine; he was a Democratic governor of New Jersey before Chris Christy (a Republican in one of the most liberal democratic states) handily whopped him -that’s how sick Jersey was of his corrupt ways. He is also the former CEO of Goldman Sachs and one of Obama’s main conduits to Wall St, already having surpassed the $500,000+ level as a campaign bundler. Bernie Madoff is sitting in jail for the rest of his life, but if you think Corzine is gonna do any time for his egregious criminal acts, you are dreaming. He’s just another one of the ‘in’ crowd.

Aloha, Mikie

%d bloggers like this: