Tag: Finance

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Robin Hood is a Socialist

Ah wonderful… The wingnuts have found another characterchure to link Obama with and this time an Englishman. Only I don’t know if they fully understand (again) the implications of the link.

Robin Hood, as the legend goes, robbed from the filthy rich and gave to the poor which was generally thought to be a good thing for all the “working” man and “black collar” people out there (riff on blacksmith? no?). Robin Hood was the Hero of the day!

The Tea party peeps have seen through this scam, and they don’t want any of that dirty rich people money (that they paid for through taxes). Right my fellow Englishman! Check out the new campaign Bill Nighy appears in for the English Robin Hood Tax.

Yeah it will never work right? The elitist minority of the Rothschilds, Morgans and Rockerfellers will fund the masses to block it. More socialism….

Even if the banks were to pump £100 billion back into the economy it would wipe out the national debt, fund every major service and ultimately lead to a reduction in the need to tax the citizens. Of course if the citizens have more expendable income in their pockets, they may pay off their debt quicker, get liquid faster, and would have no need for credit cards or loans. That might just fuck over the Banking industry that much more!

Fuck, I just circled my own argument. Ah well, life in debt servitude is just much safer… At least then I have a master to report to daily…

Check out this band of “Merry Men” cleaning the sidewalks in Bryant Park and giving back to the citizens of New York City. City Parks workers paid by the tax dollars of the citizens who live and visit here.

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The Revenge – “Forever In Their Debt”
[audio:http://this.bigstereo.net/wp-content/uploads/2010/01/Forever%20In%20Their%20Debt%20(Original%20Mix).mp3]

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The Financial Bridge to Recovery Doesn’t Include Non-Bankers

On the news that the large wall street banks are set to make record payouts again this year, nearly 18 months after the financial meltdown, most people might have a knee jerk reaction of disgust. Alas, no. We need these captains of industry to keep our engines of capitalism running right!?! Right?

Yeah, right into the ground…

With all this talk of change, new regulation and transparency, the success of these banks has not come as a result of any of these factors so the questions continue to be asked. Why did we even bail out the banks if they recovered so quickly, yet main street is still struggling to right their own ships?

Frank Rich has an excellent piece on the “Weapons of Financial Destruction” which are still in place today, and the same result could very well happen again in the near future.

The economy is not all doom and gloom as John Stewart points out:

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JS is right, there aren’t really many songs about banks, but Henry Rollins writes a pretty good one from the view point of the Banker themselves:
Henry Rollins – Liar
[audio:http://inallcaps.com/GOODS/2010/JAN/06%20Liar.mp3]

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Walk Away From Your Debt!

This NY Times article hails home owners that are well underwater on their homes, to walk from their mortgage. If the big banks can walk from their debt, why shouldn’t you? Well Henry M. Paulson Jr. declared that “any homeowner who can afford his mortgage payment but chooses to walk away from an underwater property is simply a speculator — and one who is not honoring his obligation.” (Paulson presumably was not so censorious of speculation during his 32-year career at Goldman Sachs.)

Of course this action has serious credit repercussions, but cares to hold onto property that won’t reach it’s paid value for 60+ years. If the banks can liquidate bad debt like tossing out a bubble gum wrapper, why shouldn’t you right! We’re no longer a country of risk anymore. Go ahead and buy that new car, on credit even! You can’t afford it but you really really want it (and have convinced yourself you deserve it too).

Phil Collins – “Take Me Home” (12″ Extended Version)
[audio:http://homepage.mac.com/cavecybernation/media/blog/2009/12/PhilCollins_TakeMeHome_ExtendedVersion.mp3]

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