When Ford Motor Co. starts selling its re-engineered Explorer sport-utility vehicle, it will ask U.S. buyers to do something unusual: Pay more for less.
Bucking an automotive tradition of charging extra for more horsepower, Ford will ask buyers of its redesigned 2011 Explorer to pay a premium for a small, 4-cylinder engine when the vehicle goes on sale in December. The Explorer’s standard engine will be a 3.5-liter V-6 with 290 horsepower, 53 more ponies than the optional 4-cylinder.
Ford will start trying to convince consumers they should spend to save when it unveils the Explorer at events in New York, Chicago and other locations today. The smaller engine has technology Ford said will give the seven-passenger SUV the same fuel economy as Toyota Motor Corp.’s Camry sedan that gets 19 mpg in city driving and 26 mpg on the highway. That’s more than 30 percent better than the 2010 Explorer.
“We really want to make a statement that the old baggage on fuel economy with the Explorer is gone,” Jim Holland, the Explorer’s chief engineer, said in an interview. “To get great fuel economy it takes technology, and it’s our view that people will pay for that.”
The second-largest U.S. automaker will be challenged to command a premium for the more efficient engine because U.S. gasoline prices have fallen 34 percent from their peak of $4.11 per gallon two years ago, said Jim Hall, principal of automotive consulting firm 2953 Analytics in Birmingham, Michigan.
“Why would you want to pay more for fuel economy when gas prices are going down?” said Hall, who expects the Explorer to sell for a starting price of about $30,000 like the current model.
CEO, Parisian Family Office. Began Wall Street in '82. Founded investment firm, Native American Advisors, '95. White Earth Chippewa. Raised on reservations. Conservative. NYSE/FINRA arbitrator. Drexel Burnham alum. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', the family winter camp in Los Cabos, Mexico. Always been, will always be, an optimist.
Monday, July 26, 2010
Sunday, July 25, 2010
Congratulations to Harley Davidson and Sturgis, SD
I Am the Democratic Liberal-Progressive's Worst Nightmare.
I am an White, Conservative, Tax-Paying, American Veteran, Gun Owning Biker.
I am a Master leatherworker. I work hard and long hours with my hands to earn a living.
I believe in God and the freedom of religion, but I don't push it on others.
I ride Harley Davidson Motorcycles, and drive American-made cars, and I believe in American products and buy them whenever I can.
I believe the money I make belongs to me and not some liberal governmental functionary, Democratic or Republican, that wants to share it with others who don't work!
I'm in touch with my feelings and I like it that way!
I think owning a gun doesn't make you a killer; it makes you a smart American.
I think being a minority does not make you noble or victimized, and does not entitle you to anything. Get over it!
I believe that if you are selling me a Big Mac or any other item, you should do it in English. I believe there should be no other language option.
I believe everyone has a right to pray to his or her God when and where they want to.
My heroes are Malcolm Forbes, Bill Gates, John Wayne, Babe Ruth, Roy Rogers, and Willie G. Davidson, who makes the awesome Harley Davidson Motorcycles.
I don't hate the rich. I don't pity the poor.
I know wrestling is fake and I don't waste my time watching or arguing about it.
I've never owned a slave, nor was a slave. I haven't burned any witches or been persecuted by the Turks, and neither have you!
I believe if you don't like the way things are here, go back to where you came from and change your own country!
This is AMERICA ...We like it the way it is and more so the way it was ...so stop trying to change it to look like Russia or China, or other socialist country!
If you were born here and don't like it you are free to move to any Socialist country that will have you. (And take Barack Hussein Obama and his group with you.) Massachusetts started the ball rolling. Keep it going.
I believe it is time to really clean house, starting with the White House, the seat of our biggest problems.
I want to know which church is it, exactly, where the Reverend Jesse Jackson preaches, where he gets his money, and why he is always part of the problem and not the solution.
Can I get an AMEN on that one?
I also think the cops have the right to pull you over if you're breaking the law, regardless of what color you are, but not just because you happen to ride a bike.
And, no, I don't mind having my face shown on my driver's license.
I think it's good.... And I'm proud that 'God' is written on my money..
I think if you are too stupid to know how a ballot works, I don't want you deciding who should be running the most powerful nation in the world for the next four years.
I dislike those people standing in the intersections trying to sell me stuff or trying to guilt me into making 'donations' to their cause.... Get a job and do your part to support yourself and your family!
I believe that it doesn't take a village to raise a child, it takes two parents....
I believe 'illegal' is illegal no matter what the lawyers think.
I believe the American flag should be the only one allowed in AMERICA !
If this makes me a BAD American, then yes, I'm a BAD American.
The Crossville WalMart
I travel a good bit. Was in Africa a while back and never saw one person that was grossly obese. Not a single one.
The other day I happened to be in the WalMart in Crossville, TN. I normaly don't like shopping WalMart simply because the only thing one can buy there that is American made is blueberries and even that notion may be suspect.
I couldn't believe what I was walking and shopping amongst. I don't know if there is sugar in the water and transfats in the air but that was truly the grossest sight of fat Americans I have ever had to look at. The beasts among us are putting America's health in a death spiral. Even this loon Obama's health care deformity bill can't help these food addicts.
It was truly a putrid display of human flesh. Frankly it was sad and says alot about pride, ego, personal responsibility, welfare payments and lack of a work ethic among shoppers at WalMart in Crossville, TN.
One dam ugly place. And to see the children of these beasts. Real sad.
The other day I happened to be in the WalMart in Crossville, TN. I normaly don't like shopping WalMart simply because the only thing one can buy there that is American made is blueberries and even that notion may be suspect.
I couldn't believe what I was walking and shopping amongst. I don't know if there is sugar in the water and transfats in the air but that was truly the grossest sight of fat Americans I have ever had to look at. The beasts among us are putting America's health in a death spiral. Even this loon Obama's health care deformity bill can't help these food addicts.
It was truly a putrid display of human flesh. Frankly it was sad and says alot about pride, ego, personal responsibility, welfare payments and lack of a work ethic among shoppers at WalMart in Crossville, TN.
One dam ugly place. And to see the children of these beasts. Real sad.
Tuesday, July 20, 2010
A rank stench.............
In keeping with the tradition of digging America into a debt hole so ridiculously large that any debate of whether the United States will be able to pay the debt off will be moot, the Senate has just ended afternoon debate over the latest micro fiscal stimulus, specifically the legislation extending unemployment insurance benefits.
It appears the latest version of the "you never have to work again as long as you vote for Obama" bill is about to pass. The worse news we have seen in a year, and the market moves higher, that's par. Wall Street will be taken care of, while Main Street falls into the abyss. At this rate it won't be long until unemployment surpasses Medicare and Social Security as a government expense. I like Obama and this crock of politicans about as much as a band of child molesters.
It's no longer "unemployment insurance."
It's now another welfare entitlement program with no end in sight.
It appears the latest version of the "you never have to work again as long as you vote for Obama" bill is about to pass. The worse news we have seen in a year, and the market moves higher, that's par. Wall Street will be taken care of, while Main Street falls into the abyss. At this rate it won't be long until unemployment surpasses Medicare and Social Security as a government expense. I like Obama and this crock of politicans about as much as a band of child molesters.
It's no longer "unemployment insurance."
It's now another welfare entitlement program with no end in sight.
Monday, July 19, 2010
America 2010
General McChrystal - Resume
Commander, International Security Assistance Force/Commander, United States Forces Afghanistan United States Army
SOURCE OF COMMISSIONED SERVICE: USMA EDUCATIONAL DEGREES
United States Military Academy - BS - No Major
United States Naval War College - MA - National Security and Strategic Studies
Salve Regina University - MS - International Relations
MILITARY SCHOOLS ATTENDED:
Infantry Officer Basic and Advanced Courses
United States Naval Command and Staff College
Senior Service College Fellowship Harvard University
FOREIGN LANGUAGES:
Spanish
PROMOTIONS DATE OF APPOINTMENT:
2LT 2 Jun 76
1LT 2 Jun 78
CPT 1 Aug 80
MAJ 1 Jul 87
LTC 1 Sep 92
COL 1 Sep 96
BG 1 Jan 01
MG 1 May 04
LTG 16 Feb 06
GEN 11 Jun 09
FROM TO ASSIGNMENT:
Nov 76 Feb 78 Weapons Platoon Leader, C Company, 1st Battalion, 504th Parachute Infantry Regiment, 82d Airborne Division, Fort Bragg , North Carolina
Feb 78 Jul 78 Rifle Platoon Leader, C Company, 1st Battalion, 504th Parachute Infantry Regiment, 82d Airborne Division, Fort Bragg , North Carolina
Jul 78 Nov 78 Executive Officer, C Company, 1st Battalion, 504th Parachute Infantry Regiment, 82d Airborne Division, Fort Bragg , North Carolina
Nov 78 Apr 79 Student, Special Forces Officer Course, Special Forces School, Fort Bragg, North Carolina
Apr 79 Jun 80 Commander, Detachment A, A Company, 1st Battalion, 7th Special Forces Group (Airborne), Fort Bragg, North Carolina
Jun 80 Feb 81 Student, Infantry Officer Advanced Course, United States Army Infantry School, Fort Benning, Georgia
Feb 81 Mar 82 S2/S3 (Intelligence/Operations), United Nations Command Support Group Joint Security Area, Korea
Mar 82 Nov 82 Training Officer, Directorate of Plans and Training, A Company, Headquarters Command, Fort Stewart, Georgia
Nov 82 Sep 84 Commander, A Company, 3d Battalion, 19th Infantry, 24th Infantry Division (Mechanized), Fort Stewart , Georgia
Sep 84 Sep 85 S3 (Operations), 3d Battalion, 19th Infantry, 24th Infantry Division (Mechanized), Fort Stewart, Georgia
Sep 85 Jan 86 Liaison Officer, 3d Battalion, 75th Ranger Regiment, Fort Benning, Georgia
Jan 86 May 87 Commander, A Company, 3d Battalion, 75th Ranger Regiment, Fort Benning, Georgia
May 87 Apr 88 Liaison Officer, 3d Battalion, 75th Ranger Regiment, Fort Benning, Georgia
Apr 88 Jun 89 S3 (Operations), 3d Battalion, 75th Ranger Regiment, Fort Benning, Georgia
Jun 89 Jun 90 Student, Command and Staff Course, United States Naval War College, Newport, Rhode Island
Jun 90 Apr 93 Army Special Operations Action Officer, J3, Joint Special Operations Command, Fort Bragg, North Carolina and OPERATIONS DESERT SHIELD/STORM, Saudi Arabia
Apr 93 Nov 94 Commander, 2d Battalion, 504th Parachute Infantry Regiment, 82d Airborne Division, Fort Bragg , North Carolina
Nov 94 Jun 96 Commander, 2d Battalion, 75th Ranger Regiment, Fort Lewis , Washington
Jun 96 Jun 97 Senior Service College Fellowship, John F. Kennedy School of Government, Harvard University , Cambridge , Massachusetts
Jun 97 Aug 99 Commander, 75th Ranger Regiment, Fort Benning, Georgia
Aug 99 Jun 00 Military Fellow, Council on Foreign Relations, New York, New York
Jun 00 Jun 01 Assistant Division Commander (Operations), 82d Airborne Division, Fort Bragg, North Carolina to include duty as Commander, Combined Joint Task Force Kuwait, Camp Doha, Kuwait
Jun 01 Jul 02 Chief of Staff, XVIII Airborne Corps and Fort Bragg, Fort Bragg, North Carolina to include duty as Chief of Staff, Combined Joint Task Force180, OPERATION ENDURING FREEDOM, Afghanistan
Jul 02 Sep 03 Vice Director for Operations, J3, The Joint Staff, Washington, DC
Sep 03 Feb 06 Commanding General, Joint Special Operations Command, Fort Bragg, North Carolina
Feb 06 Jun 08 Commander, Joint Special Operations Command/Commander, Joint Special Operations Command Forward, United States Special Operations Command, Fort Bragg, North Carolina
Aug 08 Jun 09 Director, The Joint Staff, Washington , DC
Jun 09 Present Commander, International Security Assistance Force/Commander, United States Forces Afghanistan , OPERATION ENDURING FREEDOM, Afghanistan
SUMMARY OF JOINT ASSIGNMENTS:
S2/S3 (Intelligence/Operations), United Nations Command Support Group Joint Security Area , Korea (Feb 81-Mar 82, Captain)
Army Special Operations Action Officer, J3, Joint Special Operations Command, Fort Bragg, North Carolina and OPERATIONS DESERT SHIELD/STORM, Saudi Arabia Jun 90-Apr 93 Major/Lieutenant Colonel)
Chief of Staff, XVIII Airborne Corps and Fort Bragg, Fort Bragg, North Carolina to include duty as Chief of Staff, Combined Joint Task Force180, OPERATION ENDURING FREEDOM, Afghanistan (Jun 01-Jul 02, Brigadier General)
Vice Director for Operations, J3, The Joint Staff, Washington , DC (Jul 02-Sep 03, Brigadier General)
Commanding General, Joint Special Operations Command, Fort Bragg , North Carolina (Sep 03-Feb 06, Brigadier General/Major General)
Commander, Joint Special Operations Command/Commander, Joint Special Operations
Command Forward, United States Special Operations Command, Fort Bragg, North Carolina (Feb 06-Jun 08, Major General/Lieutenant General)
Director, The Joint Staff, Washington, DC (Aug 08-Jun 09, Lieutenant General)
Commander, International Security Assistance Force/Commander, United States Forces Afghanistan, OPERATION ENDURING FREEDOM, Afghanistan (Jun 09-Present, General)
SUMMARY OF OPERATIONS ASSIGNMENTS DATE GRADE
Army Special Operations Action Officer, J3, Joint Special Operations Command, OPERATIONS DESERT SHIELD/STORM, Saudi Arabia (Jun 90-Mar 91, Major)
Commander, Combined Joint Task Force Kuwait, Camp Doha, Kuwait (Apr 01-Jun 01, Brigadier General)
Chief of Staff, Combined Joint Task Force180, OPERATION ENDURING FREEDOM, Afghanistan (May 02-Jul 02, Brigadier General)
Commander, International Security Assistance Force/Commander, United States Forces Afghanistan , OPERATION ENDURING FREEDOM, Afghanistan (Jun 09- Present, General)
US DECORATIONS AND BADGES:
Defense Distinguished Service Medal
Defense Superior Service Medal (with Oak Leaf Cluster)
Legion of Merit (with 2 Oak Leaf Clusters)
Bronze Star Medal
Defense Meritorious Service Medal
Meritorious Service Medal (with 3 Oak Leaf Clusters)
Army Commendation Medal
Army Achievement Medal
Expert Infantryman Badge
Master Parachutist Badge
Ranger Tab
Special Forces Tab
Joint Chiefs of Staff Identification Badge
_________________________________________________________________
Obama Resume:
Birthplace: Location remains questionable. Proof of United States Citizenship hasn't been provided.
Education: Columbia University , Harvard Law School . Records never produced, attendance remains questionable.
Military Career: None
Business Career: None
Political Career: Community organizer, Chicago, 1983-86; civil rights attorney, Chicago, 1991-96;
University of Chicago, lecturer, early 1990s-2004; Illinois State Senator, 1996-2005; U.S. Senator, 2005-2008; President 2008-.
____________________________________________________________________
I believe the wrong guy resigned.
Commander, International Security Assistance Force/Commander, United States Forces Afghanistan United States Army
SOURCE OF COMMISSIONED SERVICE: USMA EDUCATIONAL DEGREES
United States Military Academy - BS - No Major
United States Naval War College - MA - National Security and Strategic Studies
Salve Regina University - MS - International Relations
MILITARY SCHOOLS ATTENDED:
Infantry Officer Basic and Advanced Courses
United States Naval Command and Staff College
Senior Service College Fellowship Harvard University
FOREIGN LANGUAGES:
Spanish
PROMOTIONS DATE OF APPOINTMENT:
2LT 2 Jun 76
1LT 2 Jun 78
CPT 1 Aug 80
MAJ 1 Jul 87
LTC 1 Sep 92
COL 1 Sep 96
BG 1 Jan 01
MG 1 May 04
LTG 16 Feb 06
GEN 11 Jun 09
FROM TO ASSIGNMENT:
Nov 76 Feb 78 Weapons Platoon Leader, C Company, 1st Battalion, 504th Parachute Infantry Regiment, 82d Airborne Division, Fort Bragg , North Carolina
Feb 78 Jul 78 Rifle Platoon Leader, C Company, 1st Battalion, 504th Parachute Infantry Regiment, 82d Airborne Division, Fort Bragg , North Carolina
Jul 78 Nov 78 Executive Officer, C Company, 1st Battalion, 504th Parachute Infantry Regiment, 82d Airborne Division, Fort Bragg , North Carolina
Nov 78 Apr 79 Student, Special Forces Officer Course, Special Forces School, Fort Bragg, North Carolina
Apr 79 Jun 80 Commander, Detachment A, A Company, 1st Battalion, 7th Special Forces Group (Airborne), Fort Bragg, North Carolina
Jun 80 Feb 81 Student, Infantry Officer Advanced Course, United States Army Infantry School, Fort Benning, Georgia
Feb 81 Mar 82 S2/S3 (Intelligence/Operations), United Nations Command Support Group Joint Security Area, Korea
Mar 82 Nov 82 Training Officer, Directorate of Plans and Training, A Company, Headquarters Command, Fort Stewart, Georgia
Nov 82 Sep 84 Commander, A Company, 3d Battalion, 19th Infantry, 24th Infantry Division (Mechanized), Fort Stewart , Georgia
Sep 84 Sep 85 S3 (Operations), 3d Battalion, 19th Infantry, 24th Infantry Division (Mechanized), Fort Stewart, Georgia
Sep 85 Jan 86 Liaison Officer, 3d Battalion, 75th Ranger Regiment, Fort Benning, Georgia
Jan 86 May 87 Commander, A Company, 3d Battalion, 75th Ranger Regiment, Fort Benning, Georgia
May 87 Apr 88 Liaison Officer, 3d Battalion, 75th Ranger Regiment, Fort Benning, Georgia
Apr 88 Jun 89 S3 (Operations), 3d Battalion, 75th Ranger Regiment, Fort Benning, Georgia
Jun 89 Jun 90 Student, Command and Staff Course, United States Naval War College, Newport, Rhode Island
Jun 90 Apr 93 Army Special Operations Action Officer, J3, Joint Special Operations Command, Fort Bragg, North Carolina and OPERATIONS DESERT SHIELD/STORM, Saudi Arabia
Apr 93 Nov 94 Commander, 2d Battalion, 504th Parachute Infantry Regiment, 82d Airborne Division, Fort Bragg , North Carolina
Nov 94 Jun 96 Commander, 2d Battalion, 75th Ranger Regiment, Fort Lewis , Washington
Jun 96 Jun 97 Senior Service College Fellowship, John F. Kennedy School of Government, Harvard University , Cambridge , Massachusetts
Jun 97 Aug 99 Commander, 75th Ranger Regiment, Fort Benning, Georgia
Aug 99 Jun 00 Military Fellow, Council on Foreign Relations, New York, New York
Jun 00 Jun 01 Assistant Division Commander (Operations), 82d Airborne Division, Fort Bragg, North Carolina to include duty as Commander, Combined Joint Task Force Kuwait, Camp Doha, Kuwait
Jun 01 Jul 02 Chief of Staff, XVIII Airborne Corps and Fort Bragg, Fort Bragg, North Carolina to include duty as Chief of Staff, Combined Joint Task Force180, OPERATION ENDURING FREEDOM, Afghanistan
Jul 02 Sep 03 Vice Director for Operations, J3, The Joint Staff, Washington, DC
Sep 03 Feb 06 Commanding General, Joint Special Operations Command, Fort Bragg, North Carolina
Feb 06 Jun 08 Commander, Joint Special Operations Command/Commander, Joint Special Operations Command Forward, United States Special Operations Command, Fort Bragg, North Carolina
Aug 08 Jun 09 Director, The Joint Staff, Washington , DC
Jun 09 Present Commander, International Security Assistance Force/Commander, United States Forces Afghanistan , OPERATION ENDURING FREEDOM, Afghanistan
SUMMARY OF JOINT ASSIGNMENTS:
S2/S3 (Intelligence/Operations), United Nations Command Support Group Joint Security Area , Korea (Feb 81-Mar 82, Captain)
Army Special Operations Action Officer, J3, Joint Special Operations Command, Fort Bragg, North Carolina and OPERATIONS DESERT SHIELD/STORM, Saudi Arabia Jun 90-Apr 93 Major/Lieutenant Colonel)
Chief of Staff, XVIII Airborne Corps and Fort Bragg, Fort Bragg, North Carolina to include duty as Chief of Staff, Combined Joint Task Force180, OPERATION ENDURING FREEDOM, Afghanistan (Jun 01-Jul 02, Brigadier General)
Vice Director for Operations, J3, The Joint Staff, Washington , DC (Jul 02-Sep 03, Brigadier General)
Commanding General, Joint Special Operations Command, Fort Bragg , North Carolina (Sep 03-Feb 06, Brigadier General/Major General)
Commander, Joint Special Operations Command/Commander, Joint Special Operations
Command Forward, United States Special Operations Command, Fort Bragg, North Carolina (Feb 06-Jun 08, Major General/Lieutenant General)
Director, The Joint Staff, Washington, DC (Aug 08-Jun 09, Lieutenant General)
Commander, International Security Assistance Force/Commander, United States Forces Afghanistan, OPERATION ENDURING FREEDOM, Afghanistan (Jun 09-Present, General)
SUMMARY OF OPERATIONS ASSIGNMENTS DATE GRADE
Army Special Operations Action Officer, J3, Joint Special Operations Command, OPERATIONS DESERT SHIELD/STORM, Saudi Arabia (Jun 90-Mar 91, Major)
Commander, Combined Joint Task Force Kuwait, Camp Doha, Kuwait (Apr 01-Jun 01, Brigadier General)
Chief of Staff, Combined Joint Task Force180, OPERATION ENDURING FREEDOM, Afghanistan (May 02-Jul 02, Brigadier General)
Commander, International Security Assistance Force/Commander, United States Forces Afghanistan , OPERATION ENDURING FREEDOM, Afghanistan (Jun 09- Present, General)
US DECORATIONS AND BADGES:
Defense Distinguished Service Medal
Defense Superior Service Medal (with Oak Leaf Cluster)
Legion of Merit (with 2 Oak Leaf Clusters)
Bronze Star Medal
Defense Meritorious Service Medal
Meritorious Service Medal (with 3 Oak Leaf Clusters)
Army Commendation Medal
Army Achievement Medal
Expert Infantryman Badge
Master Parachutist Badge
Ranger Tab
Special Forces Tab
Joint Chiefs of Staff Identification Badge
_________________________________________________________________
Obama Resume:
Birthplace: Location remains questionable. Proof of United States Citizenship hasn't been provided.
Education: Columbia University , Harvard Law School . Records never produced, attendance remains questionable.
Military Career: None
Business Career: None
Political Career: Community organizer, Chicago, 1983-86; civil rights attorney, Chicago, 1991-96;
University of Chicago, lecturer, early 1990s-2004; Illinois State Senator, 1996-2005; U.S. Senator, 2005-2008; President 2008-.
____________________________________________________________________
I believe the wrong guy resigned.
Friday, July 16, 2010
Written by David Fiderer
The weaknesses in the S.E.C.’s case against Goldman were always obvious. At the end of the day, an investor who bought Abacus 2007 AC-1 was buying a static portfolio of risks. It didn’t matter who chose the underlying investments in the CDO, or whether John Paulson was destined to receive a windfall. If you were a sophisticated investor who had done his due diligence, you didn’t need to be told that the deal was designed to fail. You would have figured it out for yourself. If you actually reviewed the performance of mortgage backed securities held by the CDO, and understood how cash flow waterfalls and delinquency triggers worked, then you could see that subordinate tranches being insured for the benefit of Goldman were already worthless when the CDO closed. You could also figure out that the rating agencies had deliberately delayed announcing downgrades of the RMBS within the CDO, in order to keep the markets and the deal flow moving.
But the dirty little secret on Wall Street was that all too often, due diligence was a sham. People went through the motions without a thorough understanding of what they were doing, like kids who write a report by plagiarizing the encyclopedia. Investors saw triple-A ratings and stopped thinking. Goldman didn’t need to lie in order to sell “shitty deals.” It only needed to find a greater fool with an impressive resume at a multibillion-dollar institution who didn’t ask too many questions. And it was able to keep the scam going because all CDOs remain shrouded in secrecy to this day. The only people who can buy access to CDO performance data on ABSNet are actual investors, who are subject to nondisclosure agreements.
The risk to Goldman was that more of its dirty laundry would be exposed. As we learned David Viniar’s testimony before the Financial Crisis Inquiry Commission, the company remains in lockdown mode. And once again, the S.E.C. shows little appetite for digging deeper, especially since its new COO of the Enforcement Division is a 30-year-old kid from Goldman.
But the dirty little secret on Wall Street was that all too often, due diligence was a sham. People went through the motions without a thorough understanding of what they were doing, like kids who write a report by plagiarizing the encyclopedia. Investors saw triple-A ratings and stopped thinking. Goldman didn’t need to lie in order to sell “shitty deals.” It only needed to find a greater fool with an impressive resume at a multibillion-dollar institution who didn’t ask too many questions. And it was able to keep the scam going because all CDOs remain shrouded in secrecy to this day. The only people who can buy access to CDO performance data on ABSNet are actual investors, who are subject to nondisclosure agreements.
The risk to Goldman was that more of its dirty laundry would be exposed. As we learned David Viniar’s testimony before the Financial Crisis Inquiry Commission, the company remains in lockdown mode. And once again, the S.E.C. shows little appetite for digging deeper, especially since its new COO of the Enforcement Division is a 30-year-old kid from Goldman.
Saturday, July 03, 2010
Roy South
I had a chance meeting this week with one of the top trap, skeet and sporting clay shooters in the entire world. It was a treasure trove of a life spent shooting.
What a great guy and terrific visitor. I don't think he ever used the word "I" either. It would be a treat for my sons to shoot with him some day.
What a great guy and terrific visitor. I don't think he ever used the word "I" either. It would be a treat for my sons to shoot with him some day.
If truth be told...........
I would love to see Rick Sanetelli and Dylan Ratigan go to FOX and start a new show called "Wall Street - Today's Dose of Greed & Corruption."