Thursday, December 08, 2011

Corruption At MF Global And The Continued Fascist Intermingling Of The State And Corporations

Today as Corzine speaks before the Congress, let’s take a look at some very hard-hitting realities.   The Republicans in the Congress may attack Corzine today but it will generally be for political reasons.  They don’t want to upset the fascist flow of money into Washington.  They will seek to make MF Global a political issue.   As the first article cites, there is some irony in the fact that Blagojevich is going to prison while Corzine could very well get off scot-free for one of the biggest financial frauds in our history.   The difference?  Blagojevich doesn’t have the Washington cronyism pedigree.   

A Confederacy of Dunces – This is an excellent article that captures the state of our nation.  A nation run by stooges who are the most unqualified people in our society.  Yet, they have granted themselves untold wealth and authority.   As I have said before, our country is still that great nation when measured through its citizenry.  It is the elites who have destroyed our country.  Just as they did in Rome and countless other historical examples of elitist-driven class warfare and pillaging for their own avarice and greed.  

Jonathon Swift’s quote “When a true genius appears in this world, you may know him by this sign, that the dunces are all in confederacy against him”, cited in the article above is so prescient on many levels.  Dennis Kucinich, Ron Paul, Ralph Nader, Ross Perot; these were just the latest in a long list of people seeking to expose the Confederacy of Dunces.   Look at how the status quo in politics, lobbying and in the mainstream press sought to mock these men by diverting their remarks of the truth with ad hominem attacks and labels as kooks.   The confederacy of dunces lined up squarely against all of them in an attempt to destroy their reputations. 

Corzine and Clinton in “bed” together through crony capitalism – What does Bill Clinton or Tony Blair know about finance?  Clinton was arguably the worst president in our history and destroyed our financial system.  Yet, he and Gore have each collected $200 million+ through selling their connections gained as public servants.   What are they doing to make that horrendous amount of money?  They are bureaucrats.  What skills other than their rolodex do they bring to any opportunity that would net them hundreds of millions of dollars?  Bill Clinton is arguably the godfather of cronyism. 

MF Global and the Great Wall Street Re-Hypothecation Scandal(Reuters)  - An excellent article from a legal perspective on the fraud at MF Global and Wall Street.

Corzine ignored warnings about risk management (NPR)

posted by TimingLogic at 12:49 PM

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