Comments on: Naomi Wolf, OMB Watch Endorse Alan Grayson’s Campaign to Reform the Fed http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/ Firedoglake weblog Sat, 18 Feb 2012 04:15:23 -0600 hourly 1 http://wordpress.org/?v=3.1.2 By: stratocruiser http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908177 stratocruiser Thu, 28 May 2009 22:55:14 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908177 <p>Responding too late as normal.<br /> I was actualy talking about shareholders, who are the owners of the corporations.<br /> I remember when Enron went down the tubes, it was revealed that Kenny Boy talked to Some Bigshot in the administration about how badly hee needed help. He was assured of confidentiality by said Bigshot. My question was always, why wasn’t he asked what he had disclosed to the shareholders. It was to them that he owed the duty to disclose.<br /> It is continuing with , for example, the relaxing of “mark to market” rules. There has been a term out there to describe some mortgage products as “Liar Loans”. This is an attempt to blame the victim for his using rules the elite promulgated.<br /> When do we get to call common stock “Liar Shares”? That’s what they are now.</p> Responding too late as normal.
I was actualy talking about shareholders, who are the owners of the corporations.
I remember when Enron went down the tubes, it was revealed that Kenny Boy talked to Some Bigshot in the administration about how badly hee needed help. He was assured of confidentiality by said Bigshot. My question was always, why wasn’t he asked what he had disclosed to the shareholders. It was to them that he owed the duty to disclose.
It is continuing with , for example, the relaxing of “mark to market” rules. There has been a term out there to describe some mortgage products as “Liar Loans”. This is an attempt to blame the victim for his using rules the elite promulgated.
When do we get to call common stock “Liar Shares”? That’s what they are now.

]]> By: BooRadley http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908135 BooRadley Thu, 28 May 2009 20:03:36 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908135 <p>Seconded.</p> Seconded.

]]> By: sporkovat http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908090 sporkovat Thu, 28 May 2009 18:02:25 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908090 <blockquote><p>Everybody in those upper strata always seems to forget who they are working for.</p></blockquote> <p>In the 9th grade civics sense, I suppose you mean, ‘they work for us.’</p> <p>Legitimacy is derived from the consent of the governed, etc.</p> <p>Maybe it is time to do a little review of this presumption, and back it up with some real world evidence?</p> <p>In what sense can it be demonstrated that ‘those upper strata” are working for anyone but themselves?</p> <p>Like Fox Mulder, libloggers want to believe that the system they were taught about in 9th grade is basically sound, just needs a few tweaks here and there, and the Democratic Party is just the guy to do it!</p> <p>maybe one day the evidentiary basis for this nostrum will be laid out for us doubters, but it seems to work better as one of those catechisms that is best left unquestioned.</p> <p>The Fed and Secrecy go together. Whatcha gonna do about it? Threaten to do anything but support the Party of the Least Worst? not likely.</p> <p>The tiger did not go crazy, it just went <em>tiger</em>, as Chris Rock says.</p> <p>so why, again, do we have the ‘right’ to ask the tiger to start chewing cud and consent to be milked every morning?</p>

Everybody in those upper strata always seems to forget who they are working for.

In the 9th grade civics sense, I suppose you mean, ‘they work for us.’

Legitimacy is derived from the consent of the governed, etc.

Maybe it is time to do a little review of this presumption, and back it up with some real world evidence?

In what sense can it be demonstrated that ‘those upper strata” are working for anyone but themselves?

Like Fox Mulder, libloggers want to believe that the system they were taught about in 9th grade is basically sound, just needs a few tweaks here and there, and the Democratic Party is just the guy to do it!

maybe one day the evidentiary basis for this nostrum will be laid out for us doubters, but it seems to work better as one of those catechisms that is best left unquestioned.

The Fed and Secrecy go together. Whatcha gonna do about it? Threaten to do anything but support the Party of the Least Worst? not likely.

The tiger did not go crazy, it just went tiger, as Chris Rock says.

so why, again, do we have the ‘right’ to ask the tiger to start chewing cud and consent to be milked every morning?

]]> By: Eureka Springs http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908085 Eureka Springs Thu, 28 May 2009 17:55:30 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908085 <p>Jane, This is why I love FDL! </p> <p>We take action.</p> <p>Thank you,</p> <p>es</p> Jane, This is why I love FDL!

We take action.

Thank you,

es

]]> By: stratocruiser http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908070 stratocruiser Thu, 28 May 2009 17:35:40 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908070 <p>Agreed that we have a right to know what the Fed is doing. However, the shareholders of the banks have a more pressing and inviolable claim and need to know. If I owned bank shares, I’d want to know what kind of shape it was in.<br /> Everybody in those upper strata always seems to forget who they are working for.<br /> At some point, these executives become more like clerks trying to hide a shortage in their cash drawer. At least the clerks will often pony up the difference themselves to avoid getting written up.</p> Agreed that we have a right to know what the Fed is doing. However, the shareholders of the banks have a more pressing and inviolable claim and need to know. If I owned bank shares, I’d want to know what kind of shape it was in.
Everybody in those upper strata always seems to forget who they are working for.
At some point, these executives become more like clerks trying to hide a shortage in their cash drawer. At least the clerks will often pony up the difference themselves to avoid getting written up.

]]> By: ThingsComeUndone http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908064 ThingsComeUndone Thu, 28 May 2009 17:18:43 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908064 <p>At what rate of interest will we be paid back and under what time frame? You can’t get a home loan without agreeing to those conditions up front.</p> At what rate of interest will we be paid back and under what time frame? You can’t get a home loan without agreeing to those conditions up front.

]]> By: ThingsComeUndone http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908062 ThingsComeUndone Thu, 28 May 2009 17:16:03 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908062 <blockquote><p>It is difficult to understand the rationale for this secrecy. </p></blockquote> <p> Not really they are doing something they know we won’t like.</p>

It is difficult to understand the rationale for this secrecy.

Not really they are doing something they know we won’t like.

]]> By: ThingsComeUndone http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908061 ThingsComeUndone Thu, 28 May 2009 17:14:29 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908061 <p>Did the Fed give the banks money to speculate on the price of oil which explains all the oil tankers just sitting there. Did the banks loan money to oil speculators?<br /> High oil prices do hurt the economy.</p> Did the Fed give the banks money to speculate on the price of oil which explains all the oil tankers just sitting there. Did the banks loan money to oil speculators?
High oil prices do hurt the economy.

]]> By: Sufilizard2 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908060 Sufilizard2 Thu, 28 May 2009 17:08:09 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908060 <p>Awesome! I recently read Give Me Liberty and thought it was a fantastic book — I gave a copy to my sister-in-law who teaches 8th grade history.</p> <p>OT — does anybody know about the conference call with Obama (Organizing for America) going on right now on healthcare?</p> <p>I got the call to join on my cell phone, but something went wrong and I wasn’t able to actually join in.</p> Awesome! I recently read Give Me Liberty and thought it was a fantastic book — I gave a copy to my sister-in-law who teaches 8th grade history.

OT — does anybody know about the conference call with Obama (Organizing for America) going on right now on healthcare?

I got the call to join on my cell phone, but something went wrong and I wasn’t able to actually join in.

]]> By: RetirinInFive http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908059 RetirinInFive Thu, 28 May 2009 17:05:24 +0000 http://firedoglake.com/2009/05/28/naomi-wolf-omb-watch-endorse-alan-graysons-campaign-to-reform-the-fed/#comment-1908059 <p>As always, Jane, thanks for doing the leg-work on this and giving me the chance to participate.</p> As always, Jane, thanks for doing the leg-work on this and giving me the chance to participate.

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