Showing posts with label Security Exchange Committee. Show all posts
Showing posts with label Security Exchange Committee. Show all posts

Saturday, March 14, 2009

OB

Were I'm from, flip town, one town, bluff city, flip town – Memphis; them young boys had a saying called OG. It meant original gangster. Albeit I have never been involved in any thing remotely gangster or regarding being a thug, I was often called and considered an OG by them young cats. In particular them that were in the same social club.

See we did not claim such for on the one had we all got along and would never drive by and shot somebody over petty shit that would put am other person other than the target at risk an innocent person getting injured over a small business conundrum. Yep, them were the days.

Seem that the gang problem has gotten worse if you asked me, and no I’m not talking about Crips, Bloods, Vice Lords or Gangster Disciples, nope I’m talking about these Bankers. Seems that bankers just don’t get it. First It was Madoff, I mean really his indication that he didn’t like jail and that he would prefer to be on house arrest in his penthouse mansion. Then the folks at Goldman Sachs, talking about how they suffering because now when they travel they have to stay in places like Embassy Suites now versus the Ritz-Carlton or the Carlyle. And before all of this, the tirade by that dumb fuck, CNBC's reporter Rick Santelli on the floor of the stock exchange. Santelli, a former financial executive himself, also served as managing director at the Derivative Products Group of Geldermann, Inc., and was Vice President in charge of Interest Rate Futures and Options at the Chicago Board of Trade for Drexel, Burnham, Lambert.

Not to mention it seems also that the folks at the FDIC [Sheila Bair] as well as the SEC [Mary Schapiro] were all former Bankers and the ones that got us into this mess by looking out or worse the other way for their fellow Banking gang members. Bankers don’t give a fuck about the common man, the investor, the home owner. Not to mention it should have been folk on places like CNBC that should have smelled all of this crap as opposed to dumb laymen as myself. But instead, they Applauded folks like former Merrill Lynch CEO John Thain when he is appointed as such, but want to grill him after the fact.

I say they should change the name of the gang task force to the banker task force and chase them down wherever they are. They should put these folks in prisons all around the country so they can handle themselves when the face the Mexican Mafia, Crips or the Aryan Nation while on lock down. Maybe even give them the death penalty and apply the three strike rule as well. So I ask you who the real gangsters are. And I also suggest that we call them what they really are – O B’s (the Original Bankers).

Sunday, September 14, 2008

Slacking on your Macking

Maybe its just me, but it seems as if all political has gotten off target. Especially when I look at the Obama campaign. The way I see it there are about 50 days left to the super bowl. He needs to be in the tunnel, screaming and ready to take the field. But for some reason he is slacking in his macking, he aint got his game face on, and unfortunately, he has gotten distracted and taken the bait McCain put in front of him. He has been more focused on Sara Palin, Lipstick, Pigs and waffles than on his own play book.

He even act as if he doesn’t see that that is exactly what the opposition desires, for they aint talked about nothing of substance with any semblance of astuteness to this day. Shit, we, the general public know more about lil momma than John McCain. Now I’m not taking sides but I must give my folk an informed heads up on what may be required.

First, fuck talking about McCain trying to say he for change. Let folk talk, he will eventually put a foot in his mouth. Instead, talk about his record, being a friend of big business; make him one of them, saying he is not the common man like (George W. Bush). The best way to do this is to associate it directly to the economy, specifically the failing Housing market. How can a man with more than 5 houses know what such an experience is like? Make sure that you connect him to this in tangible and political terms. Ask where has he been for the past 2 plus decades when all these problems started? Why historically, has he been against regulation of the Securities Exchange Commission and in support of the hideous accounting practices that hide pertinent information to the common investor (like George Bush)? Point out that he believes the market is self correcting, but query as to how can such be, if the problem we see in housing is due to folks on Wall Street paying people to rate securities as being solid or good when they are not (like George Bush)?

They take unprecedented action to save the Big Financial Institutions like the investment bank Bear Stearns but nothing for the common man. Particularly Securities and Exchange Commission (SEC) Chairman Christopher Cox. One of the men McCain was considering as a VP running mate. Make special note of how the Senate banking Committee asked Cox if legislation or more resources would be needed to prevent future problems such as these from occurring, even suggesting that the credit rating institutions, who are paid by wall street to rate securities (MBS’s), have a inherit conflict of interest, and that he said no, and Fannie Mae and Freddie Mac had to be bailed out like Bear Stearns. Can you say corporate welfare? This is not the common man. No wonder China owns 374 billion of US debt in the form of mortgage loans/debt (I spoke of MBS’s a while back).

True, Mccain got a little game, or else u would not have let Jones campaign buy the rights to the top search engines on key election terms. Jones I’m telling you, ignore the mundane and attack your opponent weakness. His ability to think and side against the common man. I’d even bring up that he was a POW, and that he needs to release to the public that he has been screened for Post Traumatic Stress Disorder, for no one with such should be answering that Red phone at 3am. Now get busy folk, get your game face on and stop slacking in your macking. Just my two cents, that is if you wanna win, and I got more too. vote