Jon S. Corzine, the former New Jersey governor, raced over the weekend to find a buyer for MF Global Holdings Ltd. in an attempt to rescue the securities firm he now runs from a crisis partially of his own making.
This might have been news to everyone else today, but we knew about MF Global's demise a week ago. You see, we read Ann Barnhardt's blog because she's smart, and she wears our Commie Obama hat.
So a lib was voted out of office, took a CEO spot at an investment firm, made investment decisions on his own and ignored his team of advisors, the investments went bad, and hard-working people lost their jobs. And this is news in Obama's America?
Ann has a new post about missing funds at MF Global. Just $700 million.
NYT reports: "What began as nearly $1 billion missing had dropped to less than $700 million by late Monday. It is unclear where the money went..." but also adds, "the investigation threatens to tarnish the reputation of Jon S. Corzine."
Some other tarnished reputations from history:
Maddoff's reputation tarnished in $65 billion ponzi scheme, Hitler's reputation tarnished in holocaust, Clinton's reputation tarnished with rape charge and impeachment, Mao's reputation tarnished after 63 million killed/starved.
UPDATE END
Ann has the Quote of the Day in her concluding remarks on MF Global and the coming/continued collapse of America's financial institutions:
This MF Global collapse is a small-scale (yes, that's right, SMALL-SCALE) foretaste of what is going to happen to the entire system. When I say get your money out of the market, out of paper instruments, and turn it into something real that is physically located on your property, that you can then stand in front of with an assault rifle and physically defend, I'M NOT KIDDING.
She has a pink AR-15. Very cool.
In unrelated news, Zombie reports on the organizations behind the Occupy movement. Here are the first seven in his list:
Communist Party USA American Nazi Party Ayatollah Khamenei, Supreme Leader of Iran Barack Obama The government of North Korea Louis Farrakhan, Nation of Islam Revolutionary Communist Party
Sorta the same supporters of the Tea Party. Except different.
Projection: accusing others of doing what you're guilty of.
Here is another Project Veritas video, and a coup of ACORN-like success. He infiltrates a journalism class and records NYT communists.
Notice the projection. On the streets in New York these people are claiming to be the 99% against an elite 1%. But in the US college classrooms - the breeding grounds for communist enlightenment - they claim to be the 1% elite.
Speaking of the 1%, they dropped this leaflet on the 99%'ers yesterday in New York. Here is a taste of their retort to the hippie-commies:
What's going to happen when we can't find jobs on the Street anymore? Guess what: We're going to take yours. We get up at 5am and work till 10pm or later. We're used to not getting up to pee when we have a position. we don't take an hour or more for a lunch break. We don't demand a union. We don't retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we'll eat that.
For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We're going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America. Say goodbye to your overtime and double time and a half. I'll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much. So now that we're going to be making $85k a year without upside, Joe Mainstreet is going to have his revenge, right? Wrong! Guess what: we're going to stop buying the new 80k car, we aren't going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs. We're going to landscape our own back yards, wash our cars with a garden hose in our driveways. Our money was your money. You spent it. When our money dries up, so does yours.
The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it'd really going to hurt like hell for them when our fat a**es land directly on the middle class of America and knock them to the bottom.
Click the image to see a larger version. Story at Rawstory.
UPDATE 10.30
According to IOTW, this leaflet, which was dropped on Occupy Chicago, was a message sent in an email over a year ago. Ok then.
When the producers refuse to play, and refuse to be prey, what then? You can only 'eat the rich' once. After that, you have to become a producer yourself (or become prey). Think about that.
And a great video found at IOTW - I Don't Want to Work:
These three videos we pulled from NiceDeb's site show the bright side for America. Unfortunately, accountability in Obama's America is often unseen as it only occurs in the House of Representatives.
Please join us in praising our diligent representatives in Congress: Darrel Issa (R-CA), Trey Gowdy (R-SC), and Jason Chaffetz (R-UT). We'd prefer to see these three guys in a GOP presidential debate...
We think the messages the Secretary of Homeland Security is trying to convey are: 1) One dead agent isn't worth all this abuse, 2) she gives directives but never follows up or measures success, 3) Government sloppiness in putting guns into the hands of known violent thugs is only an issue if the weapons are "powerful", 4) 2000+ guns to Mexico does not justify a call to the attorney general, 5) catching the agent's shooter is more important than stopping future shooters of agents, 6) if none of her subordinates comes to her with contrary information, she will not seek it.
By Andy Kessler - our favorite business author - writing about the Occupy protesters. In today's WSJ:
Maybe this is all really about disappointment. I spoke to a young woman who had clearly bathed more recently than most. I asked her why she was at OccupySF. She told me she'd done all the right things. Studied hard. Graduated college. (She was an art major.) And now she can't get a job. It didn't matter. It's all messed up. She was lied to.
Of course she was. She's a member of the Trophy Generation. Win or lose, you get a trophy. We embraced mediocrity to an entire generation of kids during good times who are now finding themselves mediocre in bad times. There still is that American dream: Go to college, get a job, buy a Prius. But like it or not, studying art or humanities or gender studies won't get you there. Marissa Mayer at Google complains she can't find enough computer-science majors. Civil engineers are getting hired sight unseen.
Sandberg reported police clashed with some protestors, wielding their night sticks and batons. A police officer in a white shirt, possibly a captain, hurled his megaphone and wound up rolling around in the street with a protestor, throwing punches. Other officers surrounded the white-shirted officer, throwing punches.
Police say the protestors were throwing bottles and bags of garbage at officers, Sandberg reported. Police say they were trying to control the situation when it got out of hand.
A number of arrests have been made, Sandberg reported.
Completely unrelated, a couple product endorsements found this morning:
And to prove our Attention Deficit Disorder, we're posting this video which also has nothing to do with anything else in this random, unorganized post.
Actually, of the last century. We saw this at Green Mountains Homesteading in the left column with many other great quotes.
Aleksandr Solzhenitsyn:
And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand?... The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin's thirst, the cursed machine would have ground to a halt! If...if...We didn't love freedom enough. And even more – we had no awareness of the real situation.... We purely and simply deserved everything that happened afterward.
What will surprise anyone who reads Solzhenitsyn, these feelings and regrets are far more rare than they should be. It is not uncommon for us to read his works and feel compelled to scream "Why didn't you fight back?!". As our studies broaden we learn that many did fight. But not enough.
No, not the Obama Re-Election Committee "Occupy Wall Street" liberalsprogressives communists that are there this week. We're talking about their fore-fathers. The Communist infiltrators in 1920.
September 16, 1920 - a horse-drawn carriage conceals a large bomb. It is detonated at Broad and Wall Streets in New York. 38 Dead, 400 injured with 143 of them seriously.
It was the second attack on the United States from Soviet-backed communists. The first attack came a year earlier in numerous mail bombs. All but one were discovered and disabled. The one blowing the hands off of Georgia Senator Hardwick's housekeeper.
In short, the "Occupy Wall Street" crowd are showing how far the American Communist has fallen. In 1919-1920 it was the "Red Scare" with the bombings and the Soviet-funded agitation. Today, it is the 'privatization of banks'? You mean the banks that have been private all these years?
The seeming aimlessness of the Wall Street protestors may reflect that they are raging against their own machine. Their political favorites ran all of Washington until January, and many of their policies have been passed or implemented via regulation: national health care, turning big banks into public utilities, huge increases in government spending, green energy subsidies and regulations to kill fossil fuels. We sympathize with their frustration at the sad economic results of all this, but if the protestors want something better they might try joining the tea party.
Our fellow bloggers have been joining the chorus of accusing NYPD of aggressive tactics. We've taken the opposite view and assumed that with the density of officers, they are behaving correctly and that the protester videos are edited to show only part of the story. We have no doubt the pepper-sprayed girls were told to move and were warned - it just isn't in the videos.
Here is a video of the officers asking people to leave the bridge. They did not, and 700 were arrested.
There is a reason many in the center-right have been ridiculing #occupywallstreet as clueless, incoherent children who don’t seem to have seem to have the slightest idea how detached from reality their message/argument/vision – whatever is.
History shows, the top 5% doesn't catch all the state's enemies, and must be expanded in order to move the Dictatorship of the Proletariat to pure Communism.
UPDATE 10.5 11am
Walls of the City reports some participants quit their jobs "to come and protest about… people not having jobs?" Yep.
EnglishRussia has some photos from a precursor to our Occupy Wall Street demonstration. Here is one that stood out:
Same message. Shorter hair. More soap.
UPDATE 10.6 10:30am
EnglishRussia posts some black & white photos today. Not sure, but it appears these are from the current Occupy Wall Street marches. Can anyone confirm?
And o'Reilly is having fun at their expense too. This video found at Moonbattery:
And from a Facebook friend:
UPDATE 10.8 4:45pm
Remember when we were told the Egypt freedom fighters Muslim Brotherhood riots were 'what democracy looks like'?
The core reason for the protest, as described by Bookworm Room:
It’s pretty clear that a core issue animating these protesters is the ridiculous debt obligations that they voluntarily assumed.
---
Student loans started out as a good idea. The GI Bill got the whole thing started... What most people forget now is that the GI Bill was payment for services rendered. In that way, it differed dramatically from student loans, which are payments for . . . what?
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...the student loan program has given young people the completely unfounded and unreasonable belief that their current economic situation and future earning potential are irrelevant to their academic choices.
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...the loans have expanded greatly the number of young people who can be indoctrinated in Marxist crap by grossly overpaid professors at America’s “finest” schools. ... The demands are unicorn and fairyland stuff, made possible only by immersion in the academic world of Marxist fantasy.
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...the loans have created a self-entitled group of people who, rather than pay off their debt, feel that it’s totally appropriate for them to attack others’ financial livelihood, as they’re doing now when they try to interfere with our nation’s economic core.
--- Just as the Vietnam war protests had nothing to do with actual principles, and everything to do with a spoiled generation’s fear of the draft; so too do today’s protests in America’s financial centers have nothing to do with concerns about America’s economy, and everything to do with deadbeat kids who willingly took on an unreasonable amount of debt, and are now facing the financial consequences for their cupidity and stupidity.
The Looking Spoon has a top ten list of things you may hear at the protests. Our favorite:
3. We won't rest until the rich are paying our fair share.
and the announcement that Westboro Church will protest Jobs' funeral. Mike Flynn:
The fringe crazies at Westboro Church are going to protest Steve Jobs’ funeral for…well, for reasons I can’t possibly explain. As best I can tell, they believe this titan of capitalism should have done more to support their particular religious views. I don’t know. But, their tweet is delicious…
UPDATED 5:30pm
UPDATED 6.14: The video above has been taken offline. Here is the audio of Steve Jobs narrating "The Crazy Ones" commercial, played after his death at the Cupertino campus.
1. the act or faculty of apprehending by means of the senses or of the mind; cognition; understanding. 2. immediate or intuitive recognition or appreciation, as of moral, psychological, or aesthetic qualities; insight; intuition; discernment: an artist of rare perception. 3. the result or product of perceiving, as distinguished from the act of perceiving; percept. 4. Psychology . a single unified awareness derived from sensory processes while a stimulus is present. 5. Law . the taking into possession of rents, crops, profits, etc.
