Okay America, How long Are You Going To Take This BS?

“Fight Against Stupidity And Bureaucracy”

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A few days ago I had a bit of a rant against the banksters. You’d have thought that would have done me for a while but there’s more, prompted by yet more procrastination and what can only be called undiluted BS from high government officials.

This time the main culprit is Attorney General Eric Holder, who Wednesday last testified before the Senate Judiciary Committee.

He told them that he is concerned that some institutions have become so massive and influential that bringing criminal charges against them could imperil the financial system and the broader economy.

Where have we heard that one before?

It’s just his version of the “too big to jail” bollocks that we have been hearing from these gutless government wonders for the past five years.

And unfortunately he isn’t alone in this cowardice. A growing number of lawmakers have effectively suggested the same thing.

Home of the brave? Not as far as these bureaucrats are concerned. They would much rather throw the weight of their bureaucracy against small businesses struggling to stay afloat in the economic storms created by the banksters than tackle the real problem, i.e. the banksters themselves.

On the brighter side, if there is one, Holder’s comments and those of his conspirators should bolster an increasingly vocal group of politicians who argue the nation’s biggest banks have become too large and need to be curbed.

Among this group are Sens. Chuck Grassley (R-Iowa) and Sherrod Brown (D-Ohio) who pressed Holder on the issue in a letter sent in February, airing their disappointment that no major criminal charges had been filed against banks or their employees in the wake of the financial crisis.

Also Sen. Elizabeth Warren (D-Mass.) blasted financial regulators during a separate hearing for failing to bring any major financial institutions to trial since the meltdown.

Of course when questioned by Sen. Grassley, Attorney General Holder tried to slither out of answering the issue by saying that, “The concern that you have raised is one that I, frankly, share.”

However, he then quickly added that ultimately the best deterrent would be if they could bring charges against individuals instead of companies, BUT that all of the bad behavior on Wall Street leading up to the crisis may not necessarily have been criminal and that his criminal team has been “as aggressive as they could be.”

In other words, too big to jail yet again. And the government, still afraid to act, continues to pretend to do something while actually doing nothing.

Pathetic!

So over to you America.

You elect these cronies and cowards, or the people who appoint them.

When are you going to demand they act in YOUR best interests and not in the best interests of the banksters?

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Gosh, It’s A Two Post Sunday!

“Fight Against Stupidity And Bureaucracy”

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I haven’t had a rant for a while, so one is long overdue. Here it is.

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I’m sure hardly anybody noticed, but last week the bureaucrats in Washington effectively shut down the web site Intrade for US citizens. Intrade was the popular web site that any adult, including Americans, could use to wager on the future price of certain commodities, like gold or oil.

Effectively the bureaucrats have now made it illegal to solicit Americans to buy and sell commodity options contracts unless they are listed on an exchange registered with them or on one designated as legally exempt by them, and they have taken upon themselves the power to regulate nearly any commodity-related activity unless Congress provides a specific exemption.

Of course the politically well connected investment banks and hedge funds into which the great and the wealthy put their money can carry on as before speculating on the price of everything from pork bellies to platinum and manipulating gold, currency, oil and other markets. The recent MF Global scandal really puts that beyond reasonable doubt.

Intrade is just the latest move by the bureaucrats and the thought police to restrict the freedom of American citizens. Not so long ago it was the online gambling websites, then New Zealand based Megaupload was targeted, then banking in any offshore jurisdiction, now the Ireland based Intrade, and tomorrow, well, who knows.

Maybe the ever sensitive morons in the thought police will try to stop you reading blogs critical of their asinine bureaucracy? Oh, oh, gulp!

The way they are acting is nothing short of a complete perversion of the concept of a government with limited powers. But are the liberals, who should be in the forefront of upholding such principles, falling over themselves to defend the ordinary people?

Not likely.

If and when this type of interference happens in China or North Korea or somewhere similar, they are rushing to get on to their high horses to condemn and ridicule.

But back in Washington they are busy trying to create an inefficient and bureaucracy-ridden nanny state that they know will necessitate clamping down on individual choice and freedom, if it is to even stand a chance of making it look as if it is working.

To add insult to injury the bureaucrats make their usual claim that they are taking these steps for “your own protection”.

Why is it that the steps the bureaucrats take in the ”public interest” never seem to turn out to be in my interest or in the interest of anyone I know?

By the way, in case you are wondering, I have never used Intrade, it’s not my kind of thing and I don’t know enough about that field to speculate with any consistent degree of success.

But I would appreciate the freedom to make up my own mind on the subject, instead of having the faceless and less intelligent bureaucratic thought police dictate the decision for me.

We all know how successful the Volstead Act was at the beginning of the last century, but the bureaucrats learn nothing from their mistakes. And they never will, because their desire is not to do what is right or just or even sensible, their desire is to create an ever growing bureaucracy which they control.

Home of the brave? No doubt about that when you see the young people who are willingly putting themselves in harm’s way to help to defend the nation.

But land of the free? No siree, not no mo!

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