Greed

Anyway, no drug, not even alcohol, causes the fundamental ills of society. If we’re looking for the source of our troubles, we shouldn’t test people for drugs, we should test them for stupidity, ignorance, greed and love of power.
P. J. O’Rourke

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17 Comments (+add yours?)

  1. Kim
    Nov 14, 2011 @ 18:40:36

    Insider trading

    http://minx.cc/?post=323728

    Reply

  2. Kim
    Nov 14, 2011 @ 18:42:35

    Congress is getting rich off Wall Street and Peter Schweizer won’t stop until everyone knows it. Plus: Schweizer on how Obama donors cash in and a guide to those in Congress who mixed business with governing.

    http://www.thedailybeast.com/newsweek/2011/11/13/peter-schweizer-s-new-book-blasts-congressional-corruption.html

    Reply

  3. Kim
    Nov 14, 2011 @ 18:43:15

    What Does Crony Capitalism Mean?
    A description of capitalist society as being based on the close relationships between businessmen and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the ruling government in the form of tax breaks, government grants and other incentives.

    Read more: http://www.investopedia.com/terms/c/cronycapitalism.asp#ixzz1djL6nhPk

    Reply

  4. Kim
    Nov 14, 2011 @ 18:45:30

    Investopedia explains Crony Capitalism
    Both socialists and capitalists have been at odds with each other over assigning blame to the opposite group for the rise of crony capitalism. Socialists believe that crony capitalism is the inevitable result of pure capitalism. This belief is supported by their claims that people in power, whether business or government, look to stay in power and the only way to do this is to create networks between government and business that support each other.

    On the other hand, capitalists believe that crony capitalism arises from the need of socialist governments to control the state. This requires businesses to operate closely with the government to achieve the greatest success.

    Reply

  5. Sherry
    Nov 14, 2011 @ 18:47:29

    Crony socialism is called Dictatorship.

    Reply

  6. Kim
    Nov 14, 2011 @ 18:56:08

    Insider trading is illegal — except for members of Congress. A Wall Street executive who buys or sells stock based on insider information would face a Securities and Exchange Commission investigation and quite possibly a federal prosecutor. But senators and congressmen are free to legally trade stock based on nonpublic information they have obtained through their official positions as elected officials — and they do so on a regular basis.

    http://www.washingtonpost.com/opinions/crony-capitalism-exposed/2011/11/14/gIQACiK4KN_story.html

    Reply

  7. Kim
    Nov 14, 2011 @ 18:57:05

    New York gave us banks too big to fail. Washington bequeathed us Fannie Mae and Freddie Mac. Still, when it comes to crony capitalism, no one quite matches Chicago.

    Soon the Illinois state legislature will meet in special session to consider the Chicago machine’s latest favor: legislation designed to deliver tax relief to three of the state’s largest companies. These tax breaks for the lucky few come just 10 months after the Illinois legislature approved what has been described as the largest tax increase in the state’s history. It’s no coincidence that both have been supported by Gov. Pat Quinn and other top leaders of the state’s Democratic Party.

    http://online.wsj.com/article/SB10001424052970204323904577038301564134954.html

    Reply

  8. Kim
    Nov 14, 2011 @ 18:58:40

    Reply

  9. Kim
    Nov 14, 2011 @ 19:19:47

    Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for two years, and then watched her investment skyrocket 203%.

    http://biggovernment.com/whall/2011/11/13/revealed-pelosi-blocked-credit-card-reform-while-investing-millions-in-exclusive-visa-stock-offering/

    Reply

  10. Kim
    Nov 14, 2011 @ 20:33:25

    “No one is asking him to go out there and to be a jingoistic cheerleader,” Krauthammer said. “But when you call your own country ‘lazy’ when you are abroad and call it ‘unambitious and soft’ when you are home, I think what you are showing is not tough love, but ill-conceived, ill-concealed contempt.”

    http://dailycaller.com/2011/11/14/krauthammer-rips-obamas-ill-conceived-concealed-contempt-for-u-s-its-unseemly/?utm_medium=twitter&utm_source=twitterfeed

    Reply

  11. Kim
    Nov 15, 2011 @ 10:24:01

    Newly obtained emails released by House investigators suggest that George Kaiser, a billionaire Obama donor and chief investor in bankrupt solar panel manufacturer Solyndra, discussed the company with White House officials, directly contradicting earlier accounts.

    In a letter to the White House, House Energy and Commerce committee Chairman Fred Upton, R-Mich, and oversight panel chair Rep. Cliff Stearns, R-Fla., disclosed the emails including one from March 5, 2010 between Kaiser and Steve Mitchell, Kaiser’s venture capital firm Argonaut.

    “BTW, a couple of weeks ago, when Ken and I were visiting with a group of Administration folks in DC who are in charge of the stimulus process (White House, not DOE) and Solyndra came up, every one of them responded simultaneously about their thorough knowledge of the Solyndra story, suggesting it was one of their prime poster children.”

    Yet both Kaiser and the White House previously denied Solyndra was ever discussed in any of his 17 visits to the White House.

    http://michellemalkin.com/2011/11/09/the-great-stonewall-of-obama/

    Reply

  12. Kim
    Nov 15, 2011 @ 10:32:28

    Climategate: The Mann Emails

    Dr. David Schnare (WUWT);

    Currently public emails show Mann was unable to provide even his close colleagues data he used in some of his papers and could not remember which data sets he used. A query to UVA shows the university, who owns “the data and notebooks resulting from sponsored research,” had no copy of Mann’s logbooks and never gave him permission to take them with him when he left UVA. The university refused to inquire within Mann’s department as to whether anyone there knew whether he even kept a research logbook, so it’s impossible for me to know whether he stole the logbook or just never prepared one in the first place.

    http://www.smalldeadanimals.com/archives/018401.html

    Reply

  13. Kim
    Nov 15, 2011 @ 11:55:49

    Give me a second to deconstruct this mess:

    1) It wasn’t “massive” as only 200 people spent the night in Zuccotti Park.

    2) The only “majority” is the people who disapprove of OWS.

    3) It wasn’t “Wall Street” that ordered the park cleaned, it was the the mayor of NYC, Michael Bloomberg.

    http://weaselzippers.us/2011/11/15/michael-moore-shrieks-after-occupy-wall-street-camp-cleaned-out/

    sounds like a threat to me

    Reply

  14. Kim
    Nov 15, 2011 @ 11:58:58

    But within hours, she was off the case as court administrators prepared to randomly choose a new judge — and excluded Billings’ name from the list of candidates.

    Billings’ biography notes that before she became a judge in 1997, she spent 25 years as a lawyer for the American Civil Liberties Union.

    http://weaselzippers.us/2011/11/15/nyc-judge-who-issued-order-barring-cops-from-keeping-occupiers-with-tents-out-of-zuccotti-park-is-a-left-wing-activist-spent-25-years-with-aclu/

    Reply

  15. Kim
    Nov 15, 2011 @ 15:02:07

    Reply

  16. Kim
    Nov 15, 2011 @ 18:13:25

    With a new congressional insider trading scandal unfolding in Washington, another name has been added to the hit parade: U.S. Senator Dianne Feinstein (D-CA)

    http://biggovernment.com/whall/2011/11/15/sen-feinstein-loaded-up-on-biotech-stock-just-before-company-received-24-million-govt-grant/

    Reply

  17. Kim
    Nov 15, 2011 @ 18:56:23

    Reply

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