Longest week shortest weekend at the Federal Reserve and Treasury
Monday, February 23, 2009
The Donation List
It has come to light that “sir” Allen Stanford’s donation list includes the president of the United States. Here is the break down of who’s who when it came time to giving to Madoff’s “brother” in Ponzi schemes “sir” Stanford. President Obama is 3rd having received $31,750 during the presidential campaign, John McCain $28,000 Tom Delay former house speaker received $20,100 and the grand sum went to Bill Nelson, the Florida senator who was vice-chairman of the Democratic Senatorial Campaign Committee in 2002 when congress was considering tougher anti-fraud legislation, he received $45,900. John Cornyn of Texas received $19,700 and made a four-day “fact-finding trip” to Antigua with his wife in 2004, and you may have guessed by now who footed the $7,411 bill… yep you guessed it, Stanford, according to congressional disclosure.
Now if this is not illegal I don’t know what is. Think about it, let’s assume that one always passes speeding, on the way to work, a firehouse, EMT and a Police station, and he/she were to make a donation to whomever he wanted. Since he is usually speeding (breaking the law) he will naturally donate more money to the Cops since it will be assume that they will go easy on him when he gets stopped. Why would he donate to the firehouse or EMT? Screw them chances of coming into contact with them are low and he would be on this death bed. They can’t affect his insurance premiums but the Cops can. This is what happens with big co-operations they donate to the cops of their industry and we the citizens are left paying for it in the long run. E.g. Madoff, Stanford, Lehman Brothers, Citi, AIG, Bank of America, GM, and the like. Stay tuned on how I propose to fix this problem.
It has come to light that “sir” Allen Stanford’s donation list includes the president of the United States. Here is the break down of who’s who when it came time to giving to Madoff’s “brother” in Ponzi schemes “sir” Stanford. President Obama is 3rd having received $31,750 during the presidential campaign, John McCain $28,000 Tom Delay former house speaker received $20,100 and the grand sum went to Bill Nelson, the Florida senator who was vice-chairman of the Democratic Senatorial Campaign Committee in 2002 when congress was considering tougher anti-fraud legislation, he received $45,900. John Cornyn of Texas received $19,700 and made a four-day “fact-finding trip” to Antigua with his wife in 2004, and you may have guessed by now who footed the $7,411 bill… yep you guessed it, Stanford, according to congressional disclosure.
Now if this is not illegal I don’t know what is. Think about it, let’s assume that one always passes speeding, on the way to work, a firehouse, EMT and a Police station, and he/she were to make a donation to whomever he wanted. Since he is usually speeding (breaking the law) he will naturally donate more money to the Cops since it will be assume that they will go easy on him when he gets stopped. Why would he donate to the firehouse or EMT? Screw them chances of coming into contact with them are low and he would be on this death bed. They can’t affect his insurance premiums but the Cops can. This is what happens with big co-operations they donate to the cops of their industry and we the citizens are left paying for it in the long run. E.g. Madoff, Stanford, Lehman Brothers, Citi, AIG, Bank of America, GM, and the like. Stay tuned on how I propose to fix this problem.
Monday, February 16, 2009
No Year of Jubilee to Student Loans
Student Loan is the next bubble that will soon follow. This is a no brainer. Let’s take a critical look at the similarities between student loans and house mortgages. There are on the rise at a time when the hottest ticket (thing for that matter) was a house, the American dream is on the decline. Now that that is not the hottest ticket anymore and people are losing their shirts left, right and center jobs are disappearing and people are heading back to college to improve their skills. But here is the crux of the matter, when Higher Education Act Reauthorization (HR 4137) was passed a very little know part that had been sponsored by Rep. Davis (D -Illinois) which would have extended some bankruptcy protection to students holding private student loans was removed from the Bill. As you might have guessed this was lobbied by…you guess it!!! the same people who brought you NINJA loans the financial institutions. They argued as before that “…that bankruptcy protection would ultimately make private student loans more expensive because lenders would have to increase interest rates and fees to cover loans that were in default and discharged in bankruptcy”
In other words if one has a student loan they would NEVER be able to discharge it in a bankruptcy court come hell or high water. It will follow you to the grave and before that to your social security payments; they now have the power to garnish your income.
Okay that is not so bad since one can get a student loan from the government one would argue. But the problem is that the government doesn’t have that much money to lend out so most of the lending go to …surprise surprise the finance institutions who by the way don’t have good favorable interests …does anyone remember something called adjustable interest rate? Well guess what? They haven’t gone away but change their address (so to speak) from housing mortgages to student loans. Here is an example of what is happening Private Student Loans Vs Federal Student Loans.
Private Student Loans
• Variable interest rates
Interest Rates
A percentage (rate) of the original amount of a loan, including any accumulated interest, charged to the borrower for the use of borrowed money. Interest charged on a loan varies from loan to loan and lender by lender. The interest rate is usually computed on a monthly basis, and may compound over time (that is, the interest charged during month one will itself have interest charged on it during month two, and so on
• Higher borrowing limits
• Requires a credit check to apply
• Usually requires a co-signer
Federal Student Loans
• Fixed interest rates (set by the government)
• Lower borrowing limits determined by class year and student status
• No credit check required to apply
• No co-signer required
• Requires the FAFSA (Free Application for Federal Student Aid) for eligibility
• Some are subsidized based on need (the government pays interest while the student is in school)
What is going to happen is that since private student loan programs will become ubiquitous, everyone out of a job will get them and then when the economy recovers they will not be able to repay since the amount will be so high they will have to mortgage their house to pay off the student lone. As I have mentioned the government doesn’t have a lot of money to lend thus private firm will step-in with their exorbitant interest rate. Here is an example I ran trying to borrow $21,000. As you can see I only get $5,500 from the Fed and the remaining $15,500 from some private institution.
Loan Amount Distribution
Stafford loans have borrowing limits based on your year in school and status. Your total loan amount is split between Stafford and Private loans based on these limits. Tell me more.
Federal Stafford $5,500+ Private $15,500= Total Loan Amount $21,000
Some in the government have tried to raise the issue to no avail. From Market Watch (Last update: 12:47 p.m. EDT June 6, 2007)
“New York Attorney General Andrew Cuomo urged lawmakers on Wednesday to reform the $85 billion student-loan industry before another group of high school students heads to college in the fall, but an executive at lender Sallie Mae said the private-loan market is already operating under numerous rules… But Barry Goulding, senior vice president of SLM Corp.commonly known as Sallie Mae, said the market for private education loans is already "heavily regulated."
Where have I heard that before? Our industry is heavily regulated? And is Sallie Mae although a total independent from the government similar to Freddie Mac and Fannie May? Too big to fail?. Here is another quote from Market Watch “Richard Shelby of Alabama, the panel's top Republican, said lawmakers should also protect private loans.
"Because the cost of higher education will continue to climb, we should also make sure that we encourage the growth of private lending and the myriad of choices they offer those seeking advanced education," he said in an opening statement.
Student Loan is the next bubble that will soon follow. This is a no brainer. Let’s take a critical look at the similarities between student loans and house mortgages. There are on the rise at a time when the hottest ticket (thing for that matter) was a house, the American dream is on the decline. Now that that is not the hottest ticket anymore and people are losing their shirts left, right and center jobs are disappearing and people are heading back to college to improve their skills. But here is the crux of the matter, when Higher Education Act Reauthorization (HR 4137) was passed a very little know part that had been sponsored by Rep. Davis (D -Illinois) which would have extended some bankruptcy protection to students holding private student loans was removed from the Bill. As you might have guessed this was lobbied by…you guess it!!! the same people who brought you NINJA loans the financial institutions. They argued as before that “…that bankruptcy protection would ultimately make private student loans more expensive because lenders would have to increase interest rates and fees to cover loans that were in default and discharged in bankruptcy”
In other words if one has a student loan they would NEVER be able to discharge it in a bankruptcy court come hell or high water. It will follow you to the grave and before that to your social security payments; they now have the power to garnish your income.
Okay that is not so bad since one can get a student loan from the government one would argue. But the problem is that the government doesn’t have that much money to lend out so most of the lending go to …surprise surprise the finance institutions who by the way don’t have good favorable interests …does anyone remember something called adjustable interest rate? Well guess what? They haven’t gone away but change their address (so to speak) from housing mortgages to student loans. Here is an example of what is happening Private Student Loans Vs Federal Student Loans.
Private Student Loans
• Variable interest rates
Interest Rates
A percentage (rate) of the original amount of a loan, including any accumulated interest, charged to the borrower for the use of borrowed money. Interest charged on a loan varies from loan to loan and lender by lender. The interest rate is usually computed on a monthly basis, and may compound over time (that is, the interest charged during month one will itself have interest charged on it during month two, and so on
• Higher borrowing limits
• Requires a credit check to apply
• Usually requires a co-signer
Federal Student Loans
• Fixed interest rates (set by the government)
• Lower borrowing limits determined by class year and student status
• No credit check required to apply
• No co-signer required
• Requires the FAFSA (Free Application for Federal Student Aid) for eligibility
• Some are subsidized based on need (the government pays interest while the student is in school)
What is going to happen is that since private student loan programs will become ubiquitous, everyone out of a job will get them and then when the economy recovers they will not be able to repay since the amount will be so high they will have to mortgage their house to pay off the student lone. As I have mentioned the government doesn’t have a lot of money to lend thus private firm will step-in with their exorbitant interest rate. Here is an example I ran trying to borrow $21,000. As you can see I only get $5,500 from the Fed and the remaining $15,500 from some private institution.
Loan Amount Distribution
Stafford loans have borrowing limits based on your year in school and status. Your total loan amount is split between Stafford and Private loans based on these limits. Tell me more.
Federal Stafford $5,500+ Private $15,500= Total Loan Amount $21,000
Some in the government have tried to raise the issue to no avail. From Market Watch (Last update: 12:47 p.m. EDT June 6, 2007)
“New York Attorney General Andrew Cuomo urged lawmakers on Wednesday to reform the $85 billion student-loan industry before another group of high school students heads to college in the fall, but an executive at lender Sallie Mae said the private-loan market is already operating under numerous rules… But Barry Goulding, senior vice president of SLM Corp.commonly known as Sallie Mae, said the market for private education loans is already "heavily regulated."
Where have I heard that before? Our industry is heavily regulated? And is Sallie Mae although a total independent from the government similar to Freddie Mac and Fannie May? Too big to fail?. Here is another quote from Market Watch “Richard Shelby of Alabama, the panel's top Republican, said lawmakers should also protect private loans.
"Because the cost of higher education will continue to climb, we should also make sure that we encourage the growth of private lending and the myriad of choices they offer those seeking advanced education," he said in an opening statement.
Truth and Reconciliation Commission (TRC)
This is the problem with Washington, always trying to cover the misdeeds of their friends in a nice a sugar coated manner. When the Senate Judiciary Committee chairman proposes a Truth and Reconciliation Commission similar to the now famous of them all, South African, although there have been other in Chile and Rwanda just to mention but two. It seems that Sen. Leahy must have been smoking something. Here is what he proposes
WASHINGTON (AP) - The chairman of the Senate Judiciary Committee is proposing a "truth commission" to investigate abuses of detainees, politically inspired moves at the Justice Department, and whole range of decisions made during the Bush administration.
Sen. Patrick Leahy, D-Vt., said the primary goal of the commission would be to learn the truth rather than prosecute former officials, but said the inquiry should reach far beyond misdeeds at the Justice Department under Bush to include matters of Iraq prewar intelligence and the Defense Department.
Leahy outlined his suggestion for a "truth and reconciliation" commission during a speech at Georgetown University Monday.
"I'm doing this not to humiliate people or punish people but to get the truth out," he said.
The problem is that Sen. Leahy either seems to have forgotten the real roll of a TRC or just doesn’t seem to know what its purpose is/was. If he were keen enough to read and understand the underlying reason for there creation he would automatically understand why they wouldn’t be entertained in the US and should be feeling ashamed for even contemplating the thought. Be as it may, I will take a minute or two to enlighten him and others what a TRC is and why it wouldn’t be entertained here in the US. Let’s take a walk in the memory lane.
South Africa (EP) - apartheid means “separateness” and in 1948 it was officially written into the statue book which was enforced by South Africa’s minority white rulers. They were less than five million controlling a total population of 36 million whites, Africans, coloreds, Indians and others. The white 13 percent of the population owned 87 percent of the land. They had restricted where the black majority could live (think of it akin to Europeans coming to America and putting the Indians in reservations…and later allowing them to own casinos to make up for what was done to them). After such a long time of government misdeeds, people dying, going to jail for opposing the government, police brutality and the like,it was necessary to move forward but at the same time preserve history as much as could be collected. The only way to do that without wasting time and money (which they didn’t have either of since people were dying of old age just to mention one cause) was…you guessed it! Form a TRC.
Chile had the same concept only difference was that the crimes involved rape, kidnapping in the middle of the night by government forces, murder and what have you. And in Rwanda there was the genocide that horrified the world.
By now Sen. Leahy you might have noticed that all these cases are in the third world countries where record keeping is not at par with the rest of the world and the judicial system is but a joke as compared to the US. But now I do hope that I have changed you silly idea of TRC. We have good recording keeping a few Americans have been snatched from somewhere other than their houses in the middle of the night, and the rapes that occur even within the military bases are prosecuted by the law. One issue I may have forgotten, the US government has time and money to prosecute anyone from the previous administration for misdeed. It has only been eight year of Bush administration as opposed to 42 years in the case of South Africa.
Since we live in a capitalist country trust someone to write a book of the misdeeds and let’s now let the whistle blowers to tell all. If you really want a TRC I suggest you get one for the KKK and as for the bush administration you may wonna try something like the Nuremberg trails, why didn’t we ask for a TRC then?
All those who broke the law in our name let us hear your side of the story in court. Nice try Sen. Leahy. And am tired of Washington ruling based on poll number FYI if Moses ruled by poll number the children of God would not have left Egypt.
This is the problem with Washington, always trying to cover the misdeeds of their friends in a nice a sugar coated manner. When the Senate Judiciary Committee chairman proposes a Truth and Reconciliation Commission similar to the now famous of them all, South African, although there have been other in Chile and Rwanda just to mention but two. It seems that Sen. Leahy must have been smoking something. Here is what he proposes
WASHINGTON (AP) - The chairman of the Senate Judiciary Committee is proposing a "truth commission" to investigate abuses of detainees, politically inspired moves at the Justice Department, and whole range of decisions made during the Bush administration.
Sen. Patrick Leahy, D-Vt., said the primary goal of the commission would be to learn the truth rather than prosecute former officials, but said the inquiry should reach far beyond misdeeds at the Justice Department under Bush to include matters of Iraq prewar intelligence and the Defense Department.
Leahy outlined his suggestion for a "truth and reconciliation" commission during a speech at Georgetown University Monday.
"I'm doing this not to humiliate people or punish people but to get the truth out," he said.
The problem is that Sen. Leahy either seems to have forgotten the real roll of a TRC or just doesn’t seem to know what its purpose is/was. If he were keen enough to read and understand the underlying reason for there creation he would automatically understand why they wouldn’t be entertained in the US and should be feeling ashamed for even contemplating the thought. Be as it may, I will take a minute or two to enlighten him and others what a TRC is and why it wouldn’t be entertained here in the US. Let’s take a walk in the memory lane.
South Africa (EP) - apartheid means “separateness” and in 1948 it was officially written into the statue book which was enforced by South Africa’s minority white rulers. They were less than five million controlling a total population of 36 million whites, Africans, coloreds, Indians and others. The white 13 percent of the population owned 87 percent of the land. They had restricted where the black majority could live (think of it akin to Europeans coming to America and putting the Indians in reservations…and later allowing them to own casinos to make up for what was done to them). After such a long time of government misdeeds, people dying, going to jail for opposing the government, police brutality and the like,it was necessary to move forward but at the same time preserve history as much as could be collected. The only way to do that without wasting time and money (which they didn’t have either of since people were dying of old age just to mention one cause) was…you guessed it! Form a TRC.
Chile had the same concept only difference was that the crimes involved rape, kidnapping in the middle of the night by government forces, murder and what have you. And in Rwanda there was the genocide that horrified the world.
By now Sen. Leahy you might have noticed that all these cases are in the third world countries where record keeping is not at par with the rest of the world and the judicial system is but a joke as compared to the US. But now I do hope that I have changed you silly idea of TRC. We have good recording keeping a few Americans have been snatched from somewhere other than their houses in the middle of the night, and the rapes that occur even within the military bases are prosecuted by the law. One issue I may have forgotten, the US government has time and money to prosecute anyone from the previous administration for misdeed. It has only been eight year of Bush administration as opposed to 42 years in the case of South Africa.
Since we live in a capitalist country trust someone to write a book of the misdeeds and let’s now let the whistle blowers to tell all. If you really want a TRC I suggest you get one for the KKK and as for the bush administration you may wonna try something like the Nuremberg trails, why didn’t we ask for a TRC then?
All those who broke the law in our name let us hear your side of the story in court. Nice try Sen. Leahy. And am tired of Washington ruling based on poll number FYI if Moses ruled by poll number the children of God would not have left Egypt.
Nadya Suleman Octuplets mother
The large question is not what to do with Nadya Suleman, the Octuplets’ mother, but what to do with the babies and kids. There are several avenues that we can take and the least would be to harm the children who had no part in the decision making part here.
We can have the doctor responsible for implanting all those “babies” be held to account in terms of paying for the cost of rising them. Some would argue that that is cruel and unusual punishment to the doctor; well he should know how cruel and unusual it would be for them (kids) since the mother didn’t have a job. He should also have known how to count and that the mother to be was a single mother of six. Now, assuming the doctor was thinking, why would he implant eight “babies” in a mother of six? Was it part of an experiment? Was it for his glory or Fame? Either one doesn’t sit well in the medical field.
The children should be given up for adoption, no ifs, buts or ands period. By having this many number of kids simply by the mere fact that she was the only child and wanted a big family is no excuse to harm other human beings (the kids for one and taxes payers). Well growing up we didn’t have enough milk in the house, to drink a glass of milk was a sin since that glass would have been diluted with water to make tea for everyone, but now I drink milk like crazy I always have two gallons in the house at all times…Nadya I understand your feeling now, if you don’t mind can you please donate so I can go get a gallon of milk?...I take Master card, Visa, American and Discover. She has shown without any shadow of a doubt that she is not capable of making rational decisions, simply because one can kill doesn’t give them the right to kill and by the same token, simply because one can give birth doesn’t give them the right to be a baby factory simply because it has been a long time dream, heck!! if that is the case, its has been a long time dream of mine to poop out of the window of a moving bus…stay tuned.
The other alternative (but this would harm the babies) is to let her work her ass off and feed the babies. Since in one interview she said that she worked (when she use to) hard and nothing would get in her way…well babie get to work and stop begging for money on the internet. This is how screwed up her thinking is. Get the babies first then beg for money. If I were her publicist I would have advised her to first beg for the money then and only then ask the crazy doctor to implant the eight “babies”. If it is that easy am going to set up a website now for my future babies.
She underwent in vitro fertilization treatments because her fallopian tubes are "plugged up." There were frozen embryos left over after her previous pregnancies… can someone please tell me how much it costs for the treatment and for freezing the embryos? After a quick Google search I came up with the follow
In vitro fertilization cost per single cycle (without ICSI) with all monitoring included
Medications not included
Cost of IVF $9,500
In vitro fertilization with ICSI cost per single cycle with all monitoring included ($1200 for ICSI)
Medications not included
Cost of IVF with ICSI $10,700
Costs for additional procedures:
Blastocyst culture and transfer (day 5 transfer) - no additional cost
Sperm freezing - $100
Embryo freezing - $700 (includes 1 year of storage)
Embryo storage - $600/year
The question we have to ask is where does she get the money to do this and still feed her other six kids? Well if the grandma and grandpa (sorry to both of yeah) were helping her when she was “running around” with the doctor then they should take responsibility and pay for the kids up keep. We should bring back the Spanish inquisition.
The large question is not what to do with Nadya Suleman, the Octuplets’ mother, but what to do with the babies and kids. There are several avenues that we can take and the least would be to harm the children who had no part in the decision making part here.
We can have the doctor responsible for implanting all those “babies” be held to account in terms of paying for the cost of rising them. Some would argue that that is cruel and unusual punishment to the doctor; well he should know how cruel and unusual it would be for them (kids) since the mother didn’t have a job. He should also have known how to count and that the mother to be was a single mother of six. Now, assuming the doctor was thinking, why would he implant eight “babies” in a mother of six? Was it part of an experiment? Was it for his glory or Fame? Either one doesn’t sit well in the medical field.
The children should be given up for adoption, no ifs, buts or ands period. By having this many number of kids simply by the mere fact that she was the only child and wanted a big family is no excuse to harm other human beings (the kids for one and taxes payers). Well growing up we didn’t have enough milk in the house, to drink a glass of milk was a sin since that glass would have been diluted with water to make tea for everyone, but now I drink milk like crazy I always have two gallons in the house at all times…Nadya I understand your feeling now, if you don’t mind can you please donate so I can go get a gallon of milk?...I take Master card, Visa, American and Discover. She has shown without any shadow of a doubt that she is not capable of making rational decisions, simply because one can kill doesn’t give them the right to kill and by the same token, simply because one can give birth doesn’t give them the right to be a baby factory simply because it has been a long time dream, heck!! if that is the case, its has been a long time dream of mine to poop out of the window of a moving bus…stay tuned.
The other alternative (but this would harm the babies) is to let her work her ass off and feed the babies. Since in one interview she said that she worked (when she use to) hard and nothing would get in her way…well babie get to work and stop begging for money on the internet. This is how screwed up her thinking is. Get the babies first then beg for money. If I were her publicist I would have advised her to first beg for the money then and only then ask the crazy doctor to implant the eight “babies”. If it is that easy am going to set up a website now for my future babies.
She underwent in vitro fertilization treatments because her fallopian tubes are "plugged up." There were frozen embryos left over after her previous pregnancies… can someone please tell me how much it costs for the treatment and for freezing the embryos? After a quick Google search I came up with the follow
In vitro fertilization cost per single cycle (without ICSI) with all monitoring included
Medications not included
Cost of IVF $9,500
In vitro fertilization with ICSI cost per single cycle with all monitoring included ($1200 for ICSI)
Medications not included
Cost of IVF with ICSI $10,700
Costs for additional procedures:
Blastocyst culture and transfer (day 5 transfer) - no additional cost
Sperm freezing - $100
Embryo freezing - $700 (includes 1 year of storage)
Embryo storage - $600/year
The question we have to ask is where does she get the money to do this and still feed her other six kids? Well if the grandma and grandpa (sorry to both of yeah) were helping her when she was “running around” with the doctor then they should take responsibility and pay for the kids up keep. We should bring back the Spanish inquisition.
Monday, February 09, 2009
Friday, February 06, 2009
World Economy deciphered by Epiphany
Toyota has just lost $4 Billion!!!! A loss for a Japanese car company!!! The most lean company that you can think of. What does that mean? It means that the whole world Economy is predicated on Americans consuming their way in to debt and that is what makes the world go round. Since American have stopped going into debt, although not voluntary, all the big and best companies are finally seeing losses and some are going out of business. UK tried sinking into debt like the US and that didn’t go well, they are upside down sinking in debt. The banks are in debt to a tune of ….get this… 4 times the GPD!!! So there you have it!!! THE WHOLE WORLD ECONOMY IS PREDICATED ON AMERICANS GOING INTO DEBT. What the auditor doesn’t find the recession does.
Toyota has just lost $4 Billion!!!! A loss for a Japanese car company!!! The most lean company that you can think of. What does that mean? It means that the whole world Economy is predicated on Americans consuming their way in to debt and that is what makes the world go round. Since American have stopped going into debt, although not voluntary, all the big and best companies are finally seeing losses and some are going out of business. UK tried sinking into debt like the US and that didn’t go well, they are upside down sinking in debt. The banks are in debt to a tune of ….get this… 4 times the GPD!!! So there you have it!!! THE WHOLE WORLD ECONOMY IS PREDICATED ON AMERICANS GOING INTO DEBT. What the auditor doesn’t find the recession does.
Thursday, February 05, 2009
CEO Salary Caps (CSC)
The CSC is way over due, what is the point of a reward if one gets it either way, good or bad performance? This is like finance aid in college, if one was going to school with his own money then he(or she) would only have to maintain the minimums of the college just to stay in say D or really really work hard since his(her) parent’s money is on the line and they get to account to them when they get to go home to do laundry. However, if one was on finance aid they would have to maintain an average of B to maintain the finance aid thus working hard to keep it. This is the same thing that we (the people) are telling the banking industry. CEOs can not and should not be allowed to make those obscene incomes while their work is not at par. Some have started crying that the CEO will leave, and go where? UK? FYI, UK’s CEOs don’t get paid that much, Germany? They can’t speak German and even if they did Germans don’t like the big pays either. Ahh…France? As I was saying before I was rudely interrupted by France, they are at the end of the line in terms of a country that will accept them. So to those who argue that they should be paid to stay, I ask them what happens if they don’t get the pay. Leave? Yeah let them leave maybe we will have young blood who can really work rather than go golfing when the ship is sinking.
The CSC is way over due, what is the point of a reward if one gets it either way, good or bad performance? This is like finance aid in college, if one was going to school with his own money then he(or she) would only have to maintain the minimums of the college just to stay in say D or really really work hard since his(her) parent’s money is on the line and they get to account to them when they get to go home to do laundry. However, if one was on finance aid they would have to maintain an average of B to maintain the finance aid thus working hard to keep it. This is the same thing that we (the people) are telling the banking industry. CEOs can not and should not be allowed to make those obscene incomes while their work is not at par. Some have started crying that the CEO will leave, and go where? UK? FYI, UK’s CEOs don’t get paid that much, Germany? They can’t speak German and even if they did Germans don’t like the big pays either. Ahh…France? As I was saying before I was rudely interrupted by France, they are at the end of the line in terms of a country that will accept them. So to those who argue that they should be paid to stay, I ask them what happens if they don’t get the pay. Leave? Yeah let them leave maybe we will have young blood who can really work rather than go golfing when the ship is sinking.
Wednesday, February 04, 2009
This is what I have come to discover lately; if you want to be rice in America start your own business consulting (which is another way of saying coning). You can never and will never get rice while you work for someone else no matter how many hours you put in. And the reason why is, your paycheck will always be seen by the government and they will always tax you. However if you are CONsulting in the likes of Tom Daschle (Obama's would have been Health Secretary),Tim Geithner (Obama's Treasury Secretary) and Nancy Killefer (Obama's would have been get this, chief performance officer) then you would have forgotten to just pay your taxes until you are appointed by the president. But since you are not likely to be appointed by the president; then no vetting would be need and you wouldn't have to pay back (or any for that matter) taxes.
Let's not crucify the three, I had another Epiphany, why was Tim Geithner confirmed?....yeah yeah he is a bright guy...who pays taxes only after been caught red-handed when applying for a “job”. The reason he was confirmed was because the whole of congress is club...just like your local pool, flying, golf, firehouse, RC planes,RC cars club. They are all in the same game. It’s only that we haven't discovered thus the vote to confirm Mr.Geithner. Anyone remember ...what's his name?...the guy from Alaska...no not Palin yeah Ted Stevens. what happened to him? that is another blog story.
This is how congress works, doesn't matter which party one is from as long as they are in club. The unwritten rule is, you do whatever you wonna do, don't pay taxes, take money for the lobbies, but make sure we don't know what you are doing. if we do here is the scale, if there is a public out cry I will support a bit, Tim Geithner, but if the public is screaming bloody murder then you are on your own...Ted Stevens, Tom Daschle.
So my fellow Americans wonna be rich? go start a business.
Let's not crucify the three, I had another Epiphany, why was Tim Geithner confirmed?....yeah yeah he is a bright guy...who pays taxes only after been caught red-handed when applying for a “job”. The reason he was confirmed was because the whole of congress is club...just like your local pool, flying, golf, firehouse, RC planes,RC cars club. They are all in the same game. It’s only that we haven't discovered thus the vote to confirm Mr.Geithner. Anyone remember ...what's his name?...the guy from Alaska...no not Palin yeah Ted Stevens. what happened to him? that is another blog story.
This is how congress works, doesn't matter which party one is from as long as they are in club. The unwritten rule is, you do whatever you wonna do, don't pay taxes, take money for the lobbies, but make sure we don't know what you are doing. if we do here is the scale, if there is a public out cry I will support a bit, Tim Geithner, but if the public is screaming bloody murder then you are on your own...Ted Stevens, Tom Daschle.
So my fellow Americans wonna be rich? go start a business.
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