Wednesday, June 13, 2012

Chase Bank CEO Does A "Mia Copa"

Jamie Diamond, I guess is the guy's name, who testified before congress today.  Before he had been an ardent of laze fair economics but now agrees to cooporate with Congress in whatever they may propose in the way of regulation saying "I was just wrong".  Of course you had to be a stock holder in Chase Bank to actually lose any part of that two billion or whatever, and it can be said that any stock investor takes a risk every time he puts his money down.  However it clearly shows that the financial community has not learned the lesson of 2008 and continued in its old ways.  My view of consumer protection bills is if it's the sort of case where a Jury would say "There is mal feasence here" even without the presence of a specific law, then we might as well have the Law to speed the whole ajutication process up and make bringing to justice easier.  I am not in favor of any bill that would seek to distort or alter the basic market forces of the economy because you only get a lot more heartache in the end.  To quote Dylan again, "Every day it seems someone comes along with a new scheme to take your money away".  Now they are stealing the identity of children, often young children not yet out of grammar school by kiting their social security numbers.  They say that right now one in ten children in the united states has had his or her financial Identity stolen.  That's amazing!  One eighteen year old female discovered her Identity had been stolen when she tried to get a loan for college.  It's hard enough for students paying back their debts these days, let alone be saddled with  debt that is not even your own.  But on the positive side gasoline prices are sharply down and sinking fast now.  There are already places in the country where gas is selling at $2.90 per gallan.  That will make those auto trips a lot more appealing to go on and I'd imagine you'd save a not insubstantial ammount of money that you could spend to stimulate other areas of the economy.

There is more of the Jerry Sandusky trial in the news.  The testimony is explicit and I'm wondering whether if in person they use the actual words like "blow job" or "sucked my dick" in testimony, or whether there is some grammar board that will utter an objection if you're this explicit.  The question is whether you'll be able to use "Blow Job' or expressions like it on Television in ten years.  The way our level of speech interraction is deteriorating, I wouldn't be surprised.  I think there are scams pulled on prospective illegal ailens or at least abusive treatment and possibly worse- - knowing they'll do almost anything to get into this country.  In other power inequity news you do know that the argument over reviving the equal pay for equal work bill is that- - there used to be a ninety day time limit for filing sexual discrimination charges.  Yet bosses set up a policy where employees were forbidden to discuss who gets which salary among themselves.  So it thus would take a long time to acertain that a woman was discriminated against.  But companies are a lot more eager to look out for their OWN interest.  I guess here with the LA rail transit they have new turnstiles where if you have a ticket- - - you can't go out and back in again waving the same ticket because the RTD will assume that it's a bogus ticket or something.  So it's better to assume that all riders are crooks.

The Lance Armstron seven time winner French Open champion story has always struck me as a little bogus.  I don't know why.  I guess he made the thing look just "too easy" and they were saying things like Armstrong was born with a "super sized heart" and all of that.  On Sixty Minutes a few months ago and apparently on an ABC news program too they interviewed people who personally observed Lance Armstrong "blood doping" himself before a big bike race.  Now the authorities charactize the case against Armstrong as "very strong" and it now appears very likely that they will strip Armstrong of one or more of his seven medals.  In another case of "There's a sucker born every minute' you have this "Forest Boy" story in Germany where this twelve or thirteen year old boy shows up from out of nowhere and answers to the name Ray and says he burried his father out in the wilderness.  Strike up the violins.  This is obviously some publicity stunt for some upcoming movie or product or something. There is another sad case where a veteran claims he was wounded in the Iraqi theater and developed a speech impediment he overcame by singing though he'd never sung before.  Now he's a major guitar folk star singer and people are coming forward to say he was never in the Iraq war and also that he's been striving to be a singer for years.  Just like Mark Bove was striving to be a church pastor for years, but denied it.

John Edwards is a free man tonight.  The US Government announced that Edwards would not have charges refiled against him by the Government.  He was free of any legal impediments and can truely lift that albitros off from around his neck.  This is a wonderful thing indeed.  Back in August of 2007 I issued remarks about John Edwards being the best of the three principle candidates.  In this same piece I also said that Obama was more of a Hollywood star rather than a Presidential contender.  I'm sure Rush Limbaugh wouldn't mind having Obama's job one bit.  Rush genuinely seemed jealous of the President's privelege today to ride around in Air Force I and have people guarding him all the time, and the like.  Meanwhile the Republicans are really going after Att Gen Eric Holder throwing everything they can against the wall and hoping something sticks.  They are after his job; there is no doubt about that.  It's a sign of how powerful the Republicans feel at the moment that they are willing to go on the offensive like this.

They have a new CARS land in California Adventure.  The only time I was ever there was July of 2003 back when I still had money.  The two most intriguing rides was the hang glider thing where I sat right down in the front row and dangled my feet off the end.  The other was the river rafting ride.  Those things are always fun.  Well Disney says this expansion of California Adventure is the biggest not to mention the most expensive expansion of ANY amusement park in the world.  Don't you just love our Capitalist system where entrepenures are free to dream and plan and eventually succeed?  As you may know in August 1972 I drew up plans for a Flintstones Theme Park which I planed to build in what is now "reserved wetlands" in Bolsa Chica.  I was intending to incorporate the swamp into some sort of a jungle ride.  You'd have your Dino Dinasaur roller coaster and your Bedrock Quarry where you were dangeling from one of these crane things swinging around, and you'd have your Slater slush ride- - a log ride, and of course you'd have the Bowling Alley where all the surfaces are done up to look like stone.  Hey- - did you know that Darth Vader is going in for heart surgery tomorrow?  That's right.  This seven year old rather tallented good looking blonde haired boy is the actor who played a mini Darth Vader in a Superbowl commercial.  And he was born with a congenital defect in his heart, which I guess is better than having a defect in the heart of your genitals. Anyhow any little boy would have to be brave to go in for major surgery like this.  We wish him well.

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