Sunday, April 1, 2012

Pump and Dump

Looks like we're in for a lot more bubbles forming in the stock market. William Black explained pump and dump scams that the JOBS bill will foster. He seems to be a regular contributor in the Huffington Post. Small business is less than a billion dollars as defined by the bill.  Alexis Goldstein is becoming a regular on UP w/ Chris Hayes. She and Black repeatedly reference Sarbanes-Oxley Act and how it is being undermined and gutted by the JOBS bill.  

Karen Ho, author of Liquidated, is my kind of anthropology professor.

Why Nations Fail looks like a good read...and Zacharia has Charles Murry author of Coming Apart and although he may be a libertarian type, he sounds reasonable...

One of my favorite economists, Paul Krugman, wrote a piece about banks and the monetary supply titled Banking Mysticism, Continued,  that I'll have to read over again because he seems to be rejecting the banking conspiracies..

Check this out...from Robert Reich...
The top 1 percent got 45 percent of Clinton-era economic growth, and 65 percent of the economic growth during the Bush era.
According to an analysis of tax returns by Emmanuel Saez and Thomas Pikkety, the top 1 percent pocketed 93 percent of the gains in 2010. 37 percent of the gains went to the top one-tenth of one percent. No one below the richest 10 percent saw any gain at all.
In fact, most of the bottom 90 percent have lost ground. Their average adjusted gross income was $29,840 in 2010. That’s down $127 from 2009, and down $4,843 from 2000 (all adjusted for inflation).

So considering Stand Your Grounds, could we shoot all those rich people because poverty causes premature death and illness? Or if those people with pre-existing conditions may loose the healthcare provided by Obamacare may loose that healthcare thanks to the Supreame Court, can they shoot the justices that rule for repeal? Or how about the folks poisoned by the Koch brothers' owned industries that have life threatening and life ending illness...can they shoot the Koch bro's with immunity? That makes more sense to me than being forced to buy broccoli.

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