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Financial reform is D.O.A. Window dressing. What's next? An implosion? Yes, a depression. Dead ahead.  By Paul B. Farrell, MarketWatch

Scott Adams warned of this trend in "Dilbert & the Way of the Weasel." Forget competition. No, capitalism breeds monopolies, it's a "financial system designed to transfer money from lesser weasels to greater weasels. Someday, if everything goes according to plan, one supreme weasel will have all the money and everyone else will be his or her domestic servant."

....

...99% of America's wealth remains concentrated in Wall Street's "Conspiracy of Weasels." They know only one thing, blindly "follow the money. If you took the same amount of money" traded daily on the NYSE, "sealed it in drums and dropped it in the ocean, 4 billion weasels would drown just trying to be near it."

When Obama signs the so-called reform bill, blow a goodbye kiss to our last great hope for true reform: Obama failed. True reform will never happen. Wall Street gains more power fighting every new reform bill, making massive investments in lobbyists. Witness their rapid return to power since near-bankruptcy in 2008.

No, the Weasel Conspiracy members didn't drown, they rule America. They killed democracy, destroyed capitalism and are consolidating vast new wealth and power in the hands of this conspiracy of Wall Street, Corporate CEOs, the Forbes 400 and Washington's pay-to-play power-players. Result: Less than one million co-conspirators control a nation of 310 million citizens.

Here are 12 more warnings exposing the Weasel Conspiracy's phony financial reforms:


Market Watch is about as mainstream as financial blogs get. This should make it obvious why true financial reform always had to be the first priority for the incoming Obama Administration -- if they wanted to accomplish ANYTHING lasting, including Health Care Reform.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 6th, 2010 at 06:15:07 PM EST
[ Parent ]
So, what's in store for 2012?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Tue Jul 6th, 2010 at 06:20:23 PM EST
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"It is a place I cannot look. When I do I see chaos and darkness."  :-0  

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 6th, 2010 at 06:23:20 PM EST
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To paraphrase the Reverend Mother.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 6th, 2010 at 06:23:48 PM EST
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Are you suggesting we need to find the Kumquat Hatrack?

:-D

by ATinNM on Tue Jul 6th, 2010 at 10:52:54 PM EST
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Something like that!

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 6th, 2010 at 11:33:51 PM EST
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An Official™ SF LitCrit kinda guy friend of mine stoutly maintains the underlying point of the Dune series¹ is:

Messiahs are a really Bad Thing.

Whether or not that's what Herbert was trying to say - I lack the knowledge to state one way or the other - I submit it's hard to argue against.  Seems to me as soon as the Great Sky Father enters reason flees.  

¹  With new books STILL being published 14 years after Herbert ate it!

by ATinNM on Wed Jul 7th, 2010 at 12:12:58 AM EST
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I thought it was 'Never be ruled by worms'?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jul 7th, 2010 at 06:17:53 AM EST
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And there was me thinking the underlying point was

Don't read past the first volume.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 7th, 2010 at 06:41:54 AM EST
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You didn't like The God Emperor of Dune and the Certified Public Accountants of Arrakis?

Thought the chapter where the The Worm insists on a restructure of the basis of amortization of the Space Guild's ships one of the more moving passages in all of Science Fiction.

;-)

by ATinNM on Wed Jul 7th, 2010 at 12:03:52 PM EST
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Im sorry I just couldn't read past return of the sun of the god king emperor of dune

but I'll take your word that its a literary masterwork.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jul 7th, 2010 at 12:48:17 PM EST
[ Parent ]
Or "By the pricking of my thumbs, something wicked this way comes."

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Tue Jul 6th, 2010 at 06:29:03 PM EST
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I don't see anything very good on the horizon. Timing and form of future developments are what is most unclear.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 6th, 2010 at 07:07:39 PM EST
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That, of course, is with respect to the economy. This does not bode well for Obama and the Democrats. Their half-hearted efforts will be revealed for the window dressing they are. But the voters don't want what the Republicans or the Democrats are selling. We could end up with a lot of Libertarians and Independents or a new party could arise. You may or may not remember how quickly Ross Perot's party arose and what effect it had on the '92 election, though I am certain you are familiar with it.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 6th, 2010 at 07:14:00 PM EST
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Ross Perot, yes, but epic fail.

Newt Gingrich was the one who succeeded by creating and sucking the withered members of this kind of chaos.


Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Wed Jul 7th, 2010 at 01:21:21 AM EST
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He spoiled Bush the Father's vote and handed the Preznithood too Clinton?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Wed Jul 7th, 2010 at 04:00:40 AM EST
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I'm an optimist ... the US crumbles.  We start from there.  Good bye empire.

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Wed Jul 7th, 2010 at 06:18:10 AM EST
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