Dow Jones at 5-year Low. Free Market Deregulation = Fail.

9800

dow

Not since October, 2003 has the stock market been at this point. MSNBC and others are still saying 4 years. 2004, 2005, 2006, 2007, 2008. I count 5 years of growth gone, thanks to deregulation and the lack of a guiding hand by the government and not the mythical free market.

WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.

The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.

Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.”

The last six months have made it abundantly clear that voluntary regulation does not work,” he said in a statement.

We busted the trusts once, we can do it again. We regulate the robber barons once, we can do it again.

Comments

The last six months have made it abundantly clear that....

insert your own obvious statement.

“The last six months have made it abundantly clear that asking my dog to keep an eye on the steaks does not work,” he said in a statement.

John McCain looks like a guy whose head you can barely see over the steering wheel...looks like the guy who thinks the nurses are stealing his stuff. 'Dad, why would they take your socks? It doesn't make sense.' Letterman

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

I'll try --

but I don't think I can top that one.

The last six months have made it abundantly clear that putting the rat in charge of the cheese is not a good idea.

The last six months

The last six months have made it abundantly clear that putting Pat "Duke" McCrory in the Governor's office would be exactly like putting George Bush in the White House.

And we all know what that got us.

It's mind-boggling that no one has called McCrory on his steadfast support for the policies of Bush and McCain ... the policies that got us exactly where we are today.
_____________________________________

Doubts about Dole?

Change Election.

I think Bev needs to be willing to throw the good old boys under the bus. Easley, Basnight, all of them. Toss 'em under the bus. Mental health crisis on their watch, she'd have done different. Etc.

John McCain looks like a guy whose head you can barely see over the steering wheel...looks like the guy who thinks the nurses are stealing his stuff. 'Dad, why would they take your socks? It doesn't make sense.' Letterman

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

If she did that

Would she have a hostile legislature to deal with?

I think it's probably a good idea - I wonder if it's in her nature to do that. You're pretty ruthless Robert. You should be a campaign advisor.

I guarantee you they would come around....

when she brought them in and said "You could be talking to Republican Pat McCrory right now, boys."

John McCain looks like a guy whose head you can barely see over the steering wheel...looks like the guy who thinks the nurses are stealing his stuff. 'Dad, why would they take your socks? It doesn't make sense.' Letterman

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

No, they wouldn't come around.

They don't work that way. She isn't going to be any of them boys under the bus.

First, Easley and Basnight aren't buddies and the relationship she has with one ain't anything like the relatioship she has with the other. I don't think she'd mind throwing him under the bus, but he's outta there, so she doesn't need to.

Secondly, Sen. Hoyle has too much money for her to throw him under the bus. Those deep pockets are so loaded down that he can't be thrown anywhere. Just ask Duke Energy. Which reminds me, Duke Energy gets into the Governor's Mansion with or without McCrory. That isn't going to change with Perdue, not a bit.

Third, Marc Basnight and Tony Rand MADE her and she's not going to forget that. She has no desire to throw her mentors under the bus. Besides, they know too much.

Big group hug afterwards.

I'm telling you, if I were BAsnight, Rand, Hoyle, whomever it is - I'd be calling her saying "throw us under the bus". We'll all kiss and make up afterwards.

John McCain looks like a guy whose head you can barely see over the steering wheel...looks like the guy who thinks the nurses are stealing his stuff. 'Dad, why would they take your socks? It doesn't make sense.' Letterman

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

Fortunately, for us, you aren't

like those guys at all. Not a bit. They don't think the way you're thinking and never have.

None of them would play that kind of game, not for each other, not for any politician, not for moment.

The last six months have

The last six months have made it abundantly clear that "No Profit Left Behind" is alive and kicking like a mule.

North Carolina. Turning the South Blue!

North Carolina. Turning the South Blue!

Not to worry...

All our fears will be alleviated. Treasury Sec'y Paulson will bring in another of his buddies from Goldman Sachs to 'direct' where that 700 billion will go to help us.( the people)

It almost got back up to 10,000

But here's the hot ticket--Solar power, baby!

First Solar:

Last Price 159.71
52 Week High 317.00
52 Week Low 124.96
Volume 6.12 Mil
Average Daily Volume (13wk) 2.72 Mil
50 Day Moving Average 242.35
200 Day Moving Average 244.71
Volatility (beta) NA

Evergreen Solar:

Last Price 4.58
52 Week High 18.85
52 Week Low 3.30
Volume 7.19 Mil
Average Daily Volume (13wk) 8.38 Mil
50 Day Moving Average 7.76
200 Day Moving Average 9.93
Volatility (beta) 2.27

SunPower:

Last Price 66.34
52 Week High 164.49
52 Week Low 53.18
Volume 3.01 Mil
Average Daily Volume (13wk) 2.81 Mil
50 Day Moving Average 82.16
200 Day Moving Average 82.34
Volatility (beta) 1.90

What do you think? :O

The guiding Hand

The guiding hand of Wall Street has been behind every important policy in government since they got the Federal Reserve in 1913. They've had a hundred years to create perpetual prosperity and they've failed over and over. It's all about them NOT us. The markets have not been free. THe markets have been rigged for the plutocrats.

Hang the bankers and start over. Repudiate their debt and stop paying them interest with which to bribe politicians. The whole regime is corrupt.

Do not go where the path may lead, go instead where there is no path and leave a trail. -- Ralph Waldo Emerson

Do not go where the path may lead, go instead where there is no path and leave a trail. -- Ralph Waldo Emerson

I saw some great t-shirts at Festifall this weekend...

including a reminder that 1 billion people live on $1 per day.

That seems like a worthy goal. The sooner we learn to live off the "dollar grid", the less we will be hurt when the rest of the world dumps our enslaving and impoverishing debt-based currency.

Helpful hint: there ain't no "free market" when the money itself is a self-regulated (read: unregulated) monopoly unconstitutionally delegated to our private central bank, and commercial banking system.

BJ

William (B.J.) Lawson, M.D.
Congressional Candidate, North Carolina's 4th District

William (B.J.) Lawson, M.D.
Congressional Candidate, North Carolina's 4th District

Wasn't the stock market higher when Clinton was in office?

I may be just imagining this, but wasn't the stock market at 10,000 the last few months of the Clinton Administration?

I know for sure that the national debt was almost wiped out and confidence in the country was high.

Are we better off than we were 8 Years ago, not to mention 4 years ago?

After McCain got slammed with the South Carolina smear by George Bush you would think he would be civil. Guess his memory is slipping. Reminds me of an struggling actor who was President.

In Bush's own words.

GOV. GEORGE W. BUSH: People are going to nominate me, and I can stand up in Saturday night in South Carolina and say it is the beginning of the end of the Clinton era in Washington, D.C. (Applause)

Boy was it.

John McCain looks like a guy whose head you can barely see over the steering wheel...looks like the guy who thinks the nurses are stealing his stuff. 'Dad, why would they take your socks? It doesn't make sense.' Letterman

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me