Tampilkan postingan dengan label Wall Street. Tampilkan semua postingan
Tampilkan postingan dengan label Wall Street. Tampilkan semua postingan

Sabtu, 31 Juli 2010

Congressional Job Performance


U.S. President Obama, VP Biden and members of Congress

Congressional approval ratings hit an all time low of 11% this summer. Why? America's never been so bankrupt, in debt and financial chaos and the government is to blame, for looking the other way to corporate behavior that is not only unethical, but very illegal as well.

If members of Congress had jobs in the real world, where one is judged on job performance, not political ties, they'd have all be fired by now. This should be the theme come election time. If you did not perform well for your constituency, you should be voted out to make room for someone who will.

Jumat, 30 Juli 2010

Obama Attempting To Reconnect With The Public


Barack Obama

U.S. President Barack Obama, is stepping out of his cocoon, attempting to reconnect with the public, in the face of plummeting poll numbers. Has it finally dawned on the President that it is the everyday people that got him into office and not Wall Street and Hollywood.

He insulated himself in the White House and did not pay attention to the petitions of the populace, in favor of ingratiating himself with the corporate sector, engaging in massive spending. However, the damage is done in this regard, as he has broken so many campaign promises, which has soured the public on his presidency.

Senin, 21 Juni 2010

Department Of Justice Still Shielding Rich Criminals

Attorney General Eric Holder

The Judiciary Report has remarked for several months, there has been a very low number of arrests by the Justice Department of criminals in Corporate America that caused the unprecedented financial crisis of 2008 that is still negatively impacting the economy.

Some of the nation's richest citizens, brought America to this terrible point of financial ruin, robbing many of their life savings, pensions and homes and should be held accountable in a court of law.

The sad fact of the matter is the Obama Administration is following in the footsteps of the Bush Administration, in protecting high profile, wealthy criminals in the corporate sector, who continue to engage in egregious financial crimes. The nation and the world expected more from Obama.

Cases against Wall Street lag despite Holder's vows to target financial fraud

Friday, June 18, 2010 - Since taking office at the height of the financial crisis, President Obama has promised to hold Wall Street accountable for the meltdown. Attorney General Eric H. Holder Jr. reinforced that message in November when he vowed to prosecute Wall Street executives and others responsible for the crisis...

Nearly 1 1/2 years into Obama's tenure, despite several cases against mortgage companies whose lending practices contributed to the crisis, the administration has not brought any charges against the big Wall Street banks that took those loans, converted them into toxic securities and pumped them into the world's financial markets. Law enforcement sources say no such charges are imminent...

http://www.washingtonpost.com

Kamis, 27 Mei 2010

Home Depot Loses Invention Theft Case

Nationwide U.S. hardware chain, Home Depot, lost a very avoidable lawsuit in court this month, regarding stealing an invention from a man named Michael Powell. He pitched his "Safe Hands" invention to Home Depot, for a saw guard, which prevents employees of their stores, from cutting off their fingers, when slicing wood and other materials for customers. Brilliant idea.

Powell made an offer of $2,000 per device, which would have been pocket money for hardware giant, Home Depot, even allowing them to test said invention. Instead, he was later told his invention had been rejected by the company, only for executives at Home Depot to go behind his back and steal the idea, implementing it in all their stores in America.

Powell sued and won $3 million in damages, as ordered by U.S. District Judge Daniel Hurley, who labeled Home Depot's actions "callous and arrogant."

A jury determined Home Depot should pay Powell $15 million in damages for their misconduct. The company plans to appeal the ruling. The Judiciary Report is of the belief the verdict should stand, as too much of this unlawful theft is transpiring in the corporate sector and it needs to desist.

Constantly stealing patents and copyrights from independent inventors, writers, small and mid-sized companies, will also shut the Copyright Office and separately the Patent And Trademark Office, as millions of people will see no need to pay product protection fees to them anymore, if corporate giants, keep stealing and wiping out the inventions, patents and copyrights of smaller companies.

It should also be noted, corporate giants cannot solely keep said federal registration offices open based on the sums they pay for product protection, in comparison to the millions of independent inventors and writers that remit payment for their products on a regular basis.

This form of thievery also damages economies to far greater degrees than the government estimates. When patents and copyrights are criminally stolen and improperly duplicated for financial gain, it destroys revenues for smaller companies, whose other forthcoming inventions and products, are usually wiped out, due to lack of funding after being robbed.

This takes billions out of the economy, when smaller and mid-sized companies other products do not come to fruition, due to initial items being stolen by corporate giants, erasing revenues.

Small and mid-sized company's revenues that are being destroyed via corporate giants stealing their products, means the other items they have in the works, will not be made, wiping out the next wave of hit products, costing the economy billions.

So instead of two successful companies, you now have one, because the corporate giant stole from and as a result, dismantled the smaller company, to steal ideas and products they do not truly understand, as they did not create them and will poorly replicate in the marketplace. As the unsavory pattern repeats itself, thousands of smaller companies are senselessly destroyed, costing the economy billions. The Judiciary Report discussed this previously in the article "This Is Not Wall Street (The Movie)."

It is the equivalent of a dangerous food chain, where wiping out companies in the middle and or at the bottom, through theft, causes the entire financial hierarchy to collapse, as there is nothing to support the economical framework. For further reference, see the U.S. financial crisis of 2008 that is ongoing.

Senin, 24 Mei 2010

Work Hard And You Will Succeed?

U.S. President Barack Obama

The 2008 financial crisis bankrupted a lot of innocent people, who lost their life savings, pensions, kids tuition funds, homes and cars. People worked hard, saved their money and lost everything, due to greedy people in the corporate sector that flouted the law and shunned human decency.

People promote hard work as the way to success and it is in society. However, that message is greatly diminished, especially for the youth in society, via the horrible example the government has set, in allowing people in the corporate sector, who have engaged in egregious financial crimes that harmed many in the America and the world, to roam free and continue to take advantage of hardworking people.

Congress, the FBI, DOJ and SEC, have shielded the majority of financial criminals in the corporate sector from accountability. Shame on you. Shame on you, indeed. Which path do you expect kids will aspire to walk down when they see such hypocrisy and corruption coming from the government.

Jumat, 21 Mei 2010

Lindsay Lohan Lied About Why She Missed Court Hearing

Lindsay Lohan

Judge Marsha Revel has ordered a hearing to determine if wayward, one time actress, Lindsay Lohan, has violated the terms of her probation again. Lohan missed a required court hearing yesterday, which left her lawyer struggling to explain her unpredictable and unreliable client.

Lohan flew thousands of miles to Cannes, France, for the Cannes International Film Festival, under the guise of promoting a biopic on former porn star, Linda Lovelace.

She made officials in Cannes look bad, claiming someone stole her passport and she reported it as such, when the authorities have no record of her doing so. Originally the excuse was Icelandic volcanic ash left her stranded in France. Then, the story turned into someone stole her passport.

The Judiciary Report believes Lohan lied in an attempt to excuse her pre-planned absence in the California probation hearing, she simply blew off, as she disobeyed the judge's orders in not completing the required amount of alcohol education classes at the required intervals.

The Cannes Film Festival basically went off without a hitch, until Lohan created all this drama and bad press. The festival organizers are not amused. Neither are the police. No one from California wanted to give her a plane ride back to the States either.

And Lohan wonders why no one in Hollywood wants to hire her. Here's a tip, nowhere in the world do directors and other production staff, like going to bed at night with indigestion, wondering if a wayward actor or actress will show up for work tomorrow and be sober or blow their production sky high with their poor conduct.

As the mind prepares to drift into slumber and is wondering how to best film scenes to include all the key points one wishes to express, here is this nagging side thought about a unpredictable actress, who is a wild card in whether things will fall to pieces the next day, ruin the budget, run up costs and mess with insurance coverage. This is what you do to them.

No one needs that kind of aggravation and most people will not put up with it, because they simply do not have to do so. There's always a new busload of beautiful hopefuls wanting to be famous and willing to show up on time with out insobriety issues.

Lohan breezed into Cannes like she was Angelina Jolie with a finished filmed project to promote. People like director Oliver Stone were there to promote actual films that were completed, such as "Wall Street 2" A/K/A " Money Never Sleeps."

Indie filmmakers were also there with their finished products that competed in the festival for top honors. Lindsay was there for free alcohol, to score drugs from Hollywood hanger-ons and to get her face in the paper.

France is a beautiful place that most people want to visit and soak up the ambiance and lovely vistas. But if you have serious probation issues lingering that can snatch your freedom, you take care of your obligations first. You once again proved why people should not hire you.

Yesterday, CNN confirmed the Judiciary Report's previous statements that Lohan went to Cannes to party. CNN reported yesterday, Lohan was seen partying in Cannes, wearing thigh high stockings.

Kamis, 13 Mei 2010

Bleak U.S. Jobs Report

U.S. President Barack Obama

The U.S. jobs report released this week, reflect dismal numbers, indicating the economy is still suffering from a massive lack of employment. Once again, money misused from the stimulus, could have been used to create more jobs. Taxpayer money is not being spent in the most effective manner.

RELATED ARTICLES

Obama Calls For Job Summit

Kamis, 06 Mei 2010

U.S. Stock Market Plummets 1000 Points

Vice President Joe Biden (left) and President Barack Obama (center)

The U.S. stock market wildly fluctuated today, even plummeting 1,000 points at one point, on the news of economic turmoil coming out of Greece and the massive oil spill on the east coast of America.

America is steeped in a terrible financial depression, where historic records have been set in the number of foreclosures and company collapses. Certain U.S. states have also recorded a record number of job losses. Yet, during this financial turmoil, the U.S. stock market kept soaring, with seemingly nothing to back it up.

Greece Riots

The U.S. Financial crisis of 2008, which began in Corporate America, has negatively impacted America and the world, in an ongoing and devastating depression that has not yielded. The fallout from which, can been seen today, in riots currently transpiring in Greece. Other nations such as Britain and Iceland have suffered massive job and economic losses.

An international effort is needed to create failsafes for the global economy, lest the same crisis reboots itself in America, but at worst levels and spreads all over the world again (as predicted last week).

Greece Riots

Wall Street is in dire need of regulation. There is still a massive amount of financial fraud in Corporate America. The SEC, FBI and DOJ, have done a terrible job in stemming the problem, costing millions in America and the world, all they have worked for in their lives.

This simply is not moral, just or decent. It poses a severe danger to the economic survival and development of the world and something needs to be done. There is no such thing as easy money. It always comes at a price. There is no substitute for hard work and honesty.

Kamis, 22 April 2010

Obama Gives Wall Street A Stern Lecture

U.S. President Barack Obama gave Wall Street a stern lecture this morning, regarding corporate responsibility. America's taxpayers had to bailout Corporate America, with massive loans, when the people owed them nothing. To add insult to injury, some banks that received taxpayer bailout money are still being cruel to citizens.

Obama's Financial Regulation Speech: Recap

Apr 22 2010, 3:40 PM ET - Six bank regulation policies. Four reform themes. Three rhetorical hedges. Two "failure of responsibility" scolds. One "false choice" rejected. What do you get when you add it all up? An important, if predictable, financial regulation address...

http://www.theatlantic.com