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Face value of derivatives floating around the world is $1.14 quadrillion
The question is "Who" is going to be the True Leader that we must have ASAP? Obviously McCain can't even pick competent campaign advisors, his economic adviser Carly Fiorina was fired as the worst COB/CEO in HP history and her mouth is still running amuck like a Palin think alike perpetuating the Bush administration’s mindless mentality. Obama appears to be much more knowledgeable, and he was brought up in the real world of hard knocks for sure, but he has yet to demonstrate True Leadership accomplishments. But this is nothing new in a congress that has had absolutely no true leaders at all for over eight years or we wouldn't be in the trouble we are in today. We can only assume that Obama has a much better understanding of derivative corruption and greed than McCain. Damn, “1,000,000,000,000,000” sure is an astoundingly huge number of zeroes. We’ve come a long way since Ev Dirksen’s era of corruption and greed quantified merely by "A billion here, a billion there, and pretty soon you're talking real money".— September 18, 2008 2:21 a.m.
Face value of derivatives floating around the world is $1.14 quadrillion
The conclusion, as of last night that is, is that in the last eight years the republicans have brought communism to America while the democrats watched and did nothing to stop it. However, make no mistake about it, the greediest and most corrupt Americans who brought about all of these astounding failures we are experiencing seemingly on a daily basis include both republicans and democrats, so the biggest problem we have to solve is how to restore American Democracy. We most desperately need a true leader in Washington once again who possesses ethics, integrity, and the ability to build consensus to achieve a vision to do the right things for Americans and end the tyranny over all of our institutions by the greedy and corrupt.— September 17, 2008 12:24 p.m.
More Wall Street Socialism; Insurer AIG Bailed Out by Feds for $85 Billion. Markets Like It. Will Taxpayers?
"When do these bailouts end? The day after the election?" Far too many people aren't listening and thinking as the last sixteen years of Washington DC, Wall Street and Main Street failures keep proving. The root cause problem is that our institutions have failed to prepare far too many Americans for taking on the responsibilities of participative democracy, so both political parties keep failing to protect American Democracy as a result. History books are full of case studies of corruption and greed overthrow democracies, and your columns keep documenting the totally unacceptable consequences of our current failures in political and intellectual leadership. I hate to keep repeating this Don, but the paramount fact remains that Ike warned us and we still haven't paid attention to the point where even the latest election may not turn things around regardless of who wins unless We The People demand and support true leaders who possess ethics, integrity, and the ability to build consensus to achieve a vision to restore American Democracy.— September 17, 2008 1:36 a.m.
Stocks Plunge; Insurance Giant AIG May Be Next Casualty. Era of Excessive Debt Probably Coming to Inglorious End
Response to post #23: "Failure to communicate? He gives a helluva speech." Yes he does, but he is preaching to the choir when we listen. You and I are not the people he needs to convince because we already agree with most of what he says, his biggest problem is that he must convince a lot more voters than just us. Our biggest problem in America today is that there are still too many sheep out there who are too easily fooled by the likes of Fox, Palin, and U-T Rantitorials. The propaganda of the right wing won the sheep over to vote for Bush twice, and they still have the advantage over the continuing failures of the left to communicate.— September 17, 2008 1:12 a.m.
Stocks Plunge; Insurance Giant AIG May Be Next Casualty. Era of Excessive Debt Probably Coming to Inglorious End
Response to post #20: "Astoundingly" is the right word, the election is Obama's to lose even with the rednecks coming out of the sewer of racism. Obama has a solid core constituency of 18 to 29 year olds who are the group with the greatest need to protect their future from the the generations who caused the Age of Greed and Political/Judicial Corruption/Criminal Negligence that we are suffering the horrendous consequences of today, but he desperately needs to influence far more to put him over the top that the republicans cannot steal one more time because of a corrupt voting system. His biggest blunder is astoundingly similar to that of Gore and Kerry --- FAILURE TO COMMUNICATE— September 16, 2008 12:06 p.m.
Stocks Plunge; Insurance Giant AIG May Be Next Casualty. Era of Excessive Debt Probably Coming to Inglorious End
The political consequences of all this has become most interesting to watch as the presidential campaign rhetoric gets more chaotic.— September 16, 2008 1:39 a.m.
Wall Street Collapses of Its Own Hubris, Gambling with Borrowed Funds. Two of Biggest Houses, Merrill Lynch and Lehman, Disappearing
Response to post #4: Interesting that President Reagan nominated Dr. Greenspan as Chairman of the Board of Governors of the Federal Reserve in 1987 where he served under Reagan, GHW Bush, Clinton and GW Bush through 2006. So how could all three political ideologies (Dem, Rep, Neocon) have allowed him to do so much damage?— September 15, 2008 11:56 a.m.
Wall Street Collapses of Its Own Hubris, Gambling with Borrowed Funds. Two of Biggest Houses, Merrill Lynch and Lehman, Disappearing
Response to post #2: As the instructions go: “Fasten your seatbelts ladies and gentlemen” because as Greenspan highlighted yesterday we are in a “once in a century” financial crisis. We are about to find out if any of the “advancements” made during the 20th century by our economic, political, social and educational institutions, produced by American Capitalist Democracy since The Great Depression, actually work to prevent crashing and burning of those institutions because history has taught us far too many times that "Nations fail because of failures of political or intellectual leaders to meet the challenges of change."— September 15, 2008 4:33 a.m.
Conservative Wall Street Journal Heaps Praise on Liberal Mike Aguirre, Citing His Pension Battle
Don, San Diego, California and America are facing challenges today that determine whether we succeed or fail based on simple FACTS OF LIFE: · We do not learn from history. · Science and technology cannot save us from ourselves. · Freedom is not a globally shared value, desire for power and greed are universal values. · The Middle East has been the graveyard of empires. · The United States of America can experience the same fate as other failed democracies before ours. · Religion is the most profound motivator in history. · Nations fail because of failures of political or intellectual leaders to meet the challenges of change. · A true leader possesses ethics, integrity, and the ability to build consensus to achieve a vision.— September 9, 2008 4:21 a.m.
It's Official: Federal Government Seizes Fannie and Freddie. Will Reform Come Next?
Response to post #9: Your use of the word "perhaps" is a most important, it needs a bit more quantification because this is most certainly a "giant JANFU" indeed because the credit credibility of our ultimate backup Treasury has to be at grave risk already and getting graver. You'll be sure to let us know when it's time to start taking Mandarin lessons won't you Don, so we can ask for more credit from the new owners of the Treasury after they foreclose?— September 8, 2008 11:15 a.m.