Roger’s Rules

By Roger Kimball

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buddy larsen
2009-03-06 00:39:51

meryl @ 97; IS there anyone who can make a case for malfeasance? meryl, does the court of public opinion allow circumstantial evidence? If the answer to that is ‘yes’ then the answer to you is ‘yes’.

There’s any number of places to start. The new President’s Economic Recovery Advisory Board (PERAB) is one.

Or search the names involved with writing the yr 2000 financial legislations (such as LS-697 & LS-1073, stories in themselves, outgoing Clinton ‘show-responding’ to new, unregistered, ‘dark pools’ of money in our markets via privacy protections that are now ruining banking and insurance as ‘credit default swaps’ engineered by a Treasury deputy who is now, natch, Obama’s new chairman of the Commodity Futures Trading Commission) and how those regulations seem to be today’s oft-decried “lack of regulations”.

Or, re actual lack of regulations, search the names (and the names of who placed them in their jobs) involved with the series of SEC changes made in 2007. Note the specific changes, and their thin, unlikely rationales weighed against the monumental –and inexplicanbly ongoing role those products are playing in the current multi-trillion bottomless (until we get to zero, comrade?) destruction of 230 years of national asset-building.

Note that three 2007 SEC changes in decades-proven rules such as “uptic”, “mark-to-market” (FASB #157), and lending leverage allowables (the old 12:1 tripled in one fell swoop?). Note how these three changes worked in synergy to throw the markets into crisis just before the election.

Look at Jim Cramer’s calls for a special prosecutor to examine the September “bear raids” which basically crushed the American banking system and began the dissolution of the Dollar (which is not as apparent now as it will be ergo the collusion of Fed and Treasury runs out its string).

Look at what those bear-raids really were (enter Madoff & associates such as the Genovese crime family, latin drug laundering, the Kremlin as “russian mafia”, and elements of the Democratic party).

That’s for starters. That’s a few hours work to get you started. You’ll by then have noted some NGOs, some charitable foundations whose names turn up often. You might notice for example items such as that on the PERAB is a CEO that accidently or not is for a fact leading the charge to destroy American wealth (look at what he’s done to widows and orphans, but can’t be fired because the board of directors won’t fire him, and that that the board as well as the CEO are members of a web of cross-linked foundations that financially support the far left green and cultural agenda not to mention such street organizations as ACORN. You might have noted the eight year-long destruction of the Bush administration by the media arm of GE, that is, NBC, MSNBC, and (mixed because of no-doubt-soon-to-suffer apostates Cramer, Kudlow, and Gasparino) CNBC –which you will have noted via the link in the previous para, figures prominently in the ongoing collapse of the once-mighty American stock market. And as goes Wall, so goes Main soon enough. Street, that is. American life. Food, family, freedom.

Well, there’s more, Meryl, but that’s a starter. BTW, Glenn Reynolds at Instapundit has apparently committed to keeping American Tea Party news up-to-date.