Some one will go to jail over the last administrations actions, but my fear is kings don’t kill kings. Bad form and all, pay back on next swing of the winds.

Agree with you on criminality, there has to be a law of morale empathy applied to business. Rational thought must be applied to capitalism, not just expand into infinity for wealths sake. Unfortunately the game is set at winner takes all and if you can’t beat them, join them for survival reasons.

How many wonderfull ideals/innovations have been scooped up by bigger fish as it would affect their bottom line, but would have benefited all in the market/society?

I myself never fall into any one political category as I feel it limits ones options to address problems.

Thats why I feared the last Administration as they were/believed in or used a monolithic ideology and in my view point took us back to the medieval out look of the world.

This economic problem I feel is not just restricted to market mechanics/capitalism but more of a moral one, what is the sweet off our brow to mean, what is its real purpose? To give back to the tribe that supports us all or to define our selfs as different than others in the tribe.

We must find a working solution to this dilemma, America is having or will have a huge identity crises after all of this, who are we and what do we want as a collective of humans/teach our children to believe in?

Skippy

One watershed event will be the day the FBI conducts a pre-dawm raid arresting several hundred Wall Street criminals (CEO, Boards, and top tier management), and perp walks them in handcuffs to federal jails. In September, the media reported the FBI is investigating 24 firms (Lehman, AIG, Fannie, Freddie, Countrywide, etc.). If the FBI will fast-track this investigation, including RICO violations, the day of reckoning might not be far off. If the investigation goes deep enough, it may lead to indictments of Hank Paulson, Ben B and other federal officials at Treasury, Federal Reserve, and SEC as co-conspirators aiding and abetting the Wall Street criminal enterprise.

A watershed event: When the iron fist of justice hits both Wall Street and federal co-conspirators.

http://www.latimes.com/news/nationworld/nation/la-fi-fbi24-2008sep24,0,5876477.story

Then they can bother each other to their hearts’ content (they have hearts?) about their web of CDS obligations and not bother us. I don’t think the article contemplates letting the existing banks blow up, but why not??

Hence the need to bailout all the other banksters in order to mitigate the domino effect in the rest of the system. Can you imagine a decade-long unwinding of the tangled web of global proportions? Good luck Obama.

Obama has the luxury, if he uses it wisely, to not tip his hand until he is sworn into office. It may be evident to more adults by then that the current criminal behaviors need to stop, triage needs to be applied to the patient and new rules implemented to insure new financial “weapons of mass destruction” can not be created.

Thanks for your web site and postings Yves. It gives me hope and support for not thinking my thoughts crazy.

> I love a good challenge and after another glass of wine this may interest me

But isn’t that part of the point? When you are exposed to someone who is running their business terribly and they go bankrupt, then you institute practices to make sure that you’re not holding the bag next time.

Bankruptcy makes the system more robust, not less.

Well we think we have a WINNER!

Its called the Asian Brothel buy back scam

I have sent our proposal to the Congress, Senate and FOX NEWS.

We recommend the rounding up of all Top Executives, Board Members, Major Shareholders, Managers and Sales reps responsible for Inventing, Promoting and Implementing the banking and trading policies that brought on the present situation which will affect all Americans even though they had nothing to do with it.

Now after securing all in question they should be marched in single file down Wall street till they run the the length of it on both sides and facing inwards. Now we get all the " Wage Workers " of America to line up in the middle of the street at one end, still with us?

Now the line of wage workers is going to be too long to accomplish our goal in one or two days and in fact could take much more time. Having said that we will Endeavor to " Stay the Course " and " Finnish the job no matter how long it takes "! For this is about the American People and the State of our Democrazy!

We then will need a BIG Chinese Gong to be installed on the steps of the Stock Exchange with "Properly Certified Union Fat Man dressed in white loin cloth and rubbed down with pig fat and holding safety certified big gong stick".

At the commencement of trading for the day at said " Stock Exchange " the afore mentioned "Union Member Fat Guy" will strike the Gong with a powerful blow to reverberate up and down the street for many " tense moments ". To signal "ALL" Individuals mentioned in line 1.) who will from now will be referred to as " Greedycocksuckingassholes " to drop to their " KNEES " and present facial expression " O ( as indicated in emoticons Glossary )".

When these conditions are met the " Union Member Fat Guy " will strike the BIG Gong a second time, to induce a Pavlov's dog like reaction in the afore mentioned " Greedycocksuckingassholes " and initiate " Wage Workers " to line up to one on one face to face with "Greedycocksuckingassholes " and drop their pants.

We now come to the most important and non negotiable point in this plan " insert " LONG NECK TM" pelvic region into " Greedycocksuckinassholes " cranial fore front, grab it and move like old steam engine running out of control down the mountain till expression "oO ( as indicated in emoticons Glossary ) " is achieved by afore mentioned " Wage Workers ".

The unit credit of one USD will be applied to every successful completion of the of the afore mentioned "oO " expression and repeated until the receivables amounting to 700 Billion USD is paid back.

As a non-discriminating, non-partisan, non-gender non-faithed coalition of the VERY willing we will supply at no cost to the " Wage workers of America " for those with out afore mentioned " LONG NECK TM " a prosthesis from BUTTHEAD'S HOUSE OF DILDO'S & GUNS will be gladly supplied.

This has been an insensitive infinitive initiative by American if were going to get " rolled over "* I want a reach around NGO group.

P.S. and this is on the sly Warren and I are buying all the lip balm, chapstick and lubricant stock we can get are hands on!

We fore see a massive increase in the demand for these products and get in while the getting it still good!