Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Central Banks May Ramp Up Gold Buying - 18th Apr 21
How to Get Rid of Driveway Weeds With Just WATER! 6 Months later NO Weeds, Ultimate Killer! - 18th Apr 21
State of the European Markets - DAX, FTSE, CAC, AEX, SMI, IBEX 35, S&P/MIB, Euro Stoxx 50, RTS - 18th Apr 21
Einvestment Fund: What You Need To Know About Investments - 18th Apr 21
Google Alphabet (GOOG) AI Deep Mind Stock Trend Analysis - 17th Apr 21
Stocks and Bonds Inflationary Slingshot - 17th Apr 21
Best Smartphone Selfie Stick Tripod Review by ATUMTEK Works with Samsung Galaxy and Iphone - 17th Apr 21
How to Give Budgie's First Bath | Easy Budgie Bathing and Water Training with Lettuce - 17th Apr 21
Record-breaking Decrease in New Passenger Vehicle Sale in Europe - 17th Apr 21
US Stocks Climb A “Wall Of Worry” To New Highs - 16th Apr 21
Gold’s Singular Role - 16th Apr 21
See what Anatomy of a Bursting Market Bubble looks like - 16th Apr 21
Many Stock Market Sectors Are Primed For Another Breakout Rally – Are You? - 16th Apr 21
What Skyrocketing US Home Prices Say About Inflation - 16th Apr 21
Still a Bullish Fever in Stocks? - 16th Apr 21
Trying to Buy Coinbase Stock on IPO Day - Institutional Investors Freeze out Retail Investors - 15th Apr 21
Stocks or Gold – Which Is in the Catbird Seat? - 15th Apr 21
Time For A Stock Market Melt-Up - 15th Apr 21
Stocks Bull Market Progression Now Shows Base Metal Strength - 15th Apr 21
AI Tech Stocks Buy Ratings, Levels and Valuations - 14th Apr 21
Easy 10% to 15% Overclock for 5600x, 5900x, 5950x Using AMD Ryzen Master Precision Boost Overdrive - 14th Apr 21
The Current Cannabis Sector Rally Is Pointing To Another Breakout - 14th Apr 21
U.S. Dollar Junk Bond Market The Easiest Money in History - 14th Apr 21
The SPY Is Nearing Resistance @ $410… What Is Next? - 14th Apr 21
The Curious Stock Market Staircase Rally - 14th Apr 21
Stocks are Heating Up - 14th Apr 21
Two Methods in Calculating For R&D Tax Credits - 14th Apr 21
Stock Market Minor Correction Due - 13th Apr 21
How to Feed Budgies Cucumbers - Best Vegetables Feeding for the First Time, Parakeet Care UK - 13th Apr 21
Biggest Inflation Threat in 40 Years Looms over Markets - 13th Apr 21
How to Get Rich with the Pareto Distribution - Tesco Example - 13th Apr 21
Litecoin and Bitcoin-Which Is Better? - 13th Apr 21
The Major Advantages Of Getting Your PhD Online - 12th Apr 21
Covid-19 Pandemic Current State for UK, US, Europe, Brazil Vaccinations vs Lockdown's Third Wave - 12th Apr 21
Why These Stock Market Indicators Should Grab Your Full Attention - 12th Apr 21
Rising Debt Means a Weaker US Dollar - 12th Apr 21
Another Gold Stocks Upleg - 12th Apr 21
AMD The ZEN Tech Stock - 12th Apr 21
Overclockers UK Build Quality - Why Glue Fan to CPU Heat sink Instead of Using Supplied Clips? - 12th Apr 21 -
What are the Key Capabilities You Should Look for in Fleet Management Software? - 12th Apr 21
What Is Bitcoin Gold? - 12th Apr 21
UK Covd-19 FREE Lateral Flow Self Testing Kits How Use for the First Time at Home - 10th Apr 21
NVIDIA Stock ARMED and Dangeorus! - 10th Apr 21
The History of Bitcoin Hard Forks - 10th Apr 21
Gold Mining Stocks: A House Built on Shaky Ground - 9th Apr 21
Stock Market On the Verge of a Pullback - 9th Apr 21
What Is Bitcoin Unlimited? - 9th Apr 21
Most Money Managers Gamble With Your Money - 9th Apr 21
Top 5 Evolving Trends For Mobile Casinos - 9th Apr 21
Top 5 AI Tech Stocks Investing 2021 Analysis - 8th Apr 21
Dow Stock Market Trend Forecast 2021 - Crash or Continuing Bull Run? - 8th Apr 21
Don’t Be Fooled by the Stock Market Rally - 8th Apr 21
Gold and Latin: Twin Pillars of Western Rejuvenation - 8th Apr 21
Stronger US Dollar Reacts To Global Market Concerns – Which ETFs Will Benefit? Part II - 8th Apr 21
You're invited: Spot the Next BIG Move in Oil, Gas, Energy ETFs - 8th Apr 21
Ladies and Gentlemen, Mr US Dollar is Back - 8th Apr 21
Stock Market New S&P 500 Highs or Metals Rising? - 8th Apr 21
Microsoft AI Azure Cloud Computing Driving Tech Giant Profits - 7th Apr 21
Amazon Tech Stock PRIMEDAY SALE- 7th Apr 21
The US has Metals Problem - Lithium, Graphite, Copper, Nickel Supplies - 7th Apr 21
Yes, the Fed Will Cover Biden’s $4 Trillion Deficit - 7th Apr 21
S&P 500 Fireworks and Gold Going Stronger - 7th Apr 21
Stock Market Perceived Vs. Actual Risks: The Key To Success - 7th Apr 21

Market Oracle FREE Newsletter

FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

Sociopaths Lacking Intellectual Capacity Bashing Banks

Politics / Credit Crisis 2009 Feb 13, 2009 - 06:44 AM GMT

By: Oxbury_Research

Politics Best Financial Markets Analysis ArticleThe whole thing is ridiculous, all of it. I listened to Geithner release his “plan” to unfreeze lending markets. I watched some of the charades on Capital Hill involving the bank CEOs and their testimony. Lastly, I saw the vote and reaction of politicians on the most recent bit of financial socialism. What a mess…


If Congress wanted to do something meaningful, they would pass legislation banning themselves from speaking in front of the mass media. Their ignorance embarrasses our nation. It's possibly just me, but the politicking and sociopathic behavior of our nation's policy makers has been taken to new heights. Combine that with general mediocrity, standard lack of intelligence, and a growing disconnect of the problems faced by our nation, and you get today's Congress. Throw them all in front of millions of viewers on cable television and you get scenes like this one:

Being blunt, I don't know who's more incompetent, Representative Maxine Waters, or the people of California 's 35 th district who elected her. I was especially embarrassed of the system when Waters called into question underwriting fees paid under the FDIC guaranteed lending program. The conversation went something like this:

Struggling to put sentences together, Waters asked why fees were collected to “accept TARP money.”

Lewis replied, “I don't know what you're talking about.” (very comical)

Vikram Pandit ATTEMPTED to bail Waters out by better explaining what she was trying to say. He then tried to explain the process of underwriting debt issued in the FDIC guaranteed lending program.

Waters obviously lacks the basic intelligence, or the drive to do the due diligence necessary to understand what Pandit was talking about. She completely ignored Pandit's response and restated her initial thesis without any claims to support it. Waters disregarded Pandit's explanation of securitization so she could most likely be perceived as taking the hard line against the bank CEOs. It worked.

Headlines have already popped up like the one on AOL Money, “Waters Grilling Corrupt CEOs.”…Waters wins. By ignoring Vikram Pandit, and logic altogether, Waters was able to make a claim, have the debunking of her claim reasoned and explained, ignore the reasoning, restate her initial claim, and make headlines. This is how sociopathic behavior works. Maxine Waters never cared about the issues behind securitization feed associated with TARP money. She obviously didn't do the due diligence required to understand the basic fundamentals. Waters simply picked an issue that would result in her being perceived as someone who will take a hard line against bank CEOs.

Sociopath or Chief of State?

Obviously Waters is just one of many when it comes to sociopathic politicians. Look at the Chief of State in his first couple weeks of being president. What has Obama done? He has put a cap/freeze on public servants pay, pledged to close Guantanamo Bay , and limited access of lobbyists. These are all window sill issues. Think about it like this. When you drive by a house, all you see is what's on the window without knowing what's going on inside. A window sill issue is something that draws attention while diverting it from other areas. Yes, Obama has brought change to these issues, but they do absolutely nothing to help with the number one problem facing this country.

Didn't the overwhelming percentage of Americans vote with the economy as their driving issue? Economically, all Obama has done is extend Bush's policies (cut taxes and raise spending) while claiming to do otherwise. You want change? Get somebody in office who foresaw this crisis. These are the people who understand where its going. Nassim Taleb, author of the Black Swan, mentions this notion in this fantastic clip with fellow bear Nouriel Roubini.

(In the clip, notice how the CNBC reporters truly lack the intellectual capacity to understand a nation whose growth is not based upon debt creation. It's a foreign concept to blind Keynesians.)

By Nicholas Jones
Analyst, Oxbury Research

Nick has spent several years researching and preparing for the ripsaws in today's commodities markets.  Through independent research on commodities markets and free-market macroeconomics, he brings a worldy understanding to all who participate in this particular financial climate.

Oxbury Research originally formed as an underground investment club, Oxbury Publishing is comprised of a wide variety of Wall Street professionals - from equity analysts to futures floor traders – all independent thinkers and all capital market veterans.

Copyright © 2009 Oxbury Research - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Oxbury Research Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

sean
16 Feb 09, 19:01
the sociopaths are the banksters and their apologists

How much did Goldman and JPM-Chase pay for this article.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules