Tuesday Night Open Mic for April 27, 2010

Tuesday night open mic is upon me again and I have plenty to say! I think you will be able to tell by what I have written on some of the subjects that I am a little testy today. Not in a bad way, but in my own way, which means that when I get testy I tend to get a bit blunt with what I am saying. For our topics we have a childish play on capital hill with Goldman executives, Banning toys in happy meals, Porn that I haven’t yet found on my iPhone, the GOP’s shady fundraising scheme, and an answer to TexasChem that I promised to provide this evening. I thank all of you who wished me well with my back. I spent quite a few years in the military doing really dumb things to my body, and every now and then it reminds me how dumb some of them were, lol. I just hope that I can remain in as good a shape as the good Colonel has managed….
Open Mic

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Government Meddling or Necessary Regulation?

News came down last week that the President, in his haste to shift the focus away from a quickly diminishing chance at health care reform, will now re-focus on regulating the big banks in an effort to prevent them from becoming “too big to fail” again. I have already written on the fact that, despite the fact that the banks were too big to fail before TARP, they have comntinued to get even bigger. You can read about that HERE . I also shared a banker’s perspective on what regulations need to happen that I had found on the Huffington Post. You can read that HERE . So this isn’t a new subject. But the President was pretty strident in stating that he was going after these regulations, even going so far as to say if they (the big banks) are looking for a fight, he is ready and willing to give them one. Now, I know that you are all aware of where I stand on the idea of government regulation of private businesses. But I am willing to report what I am reading and keep an open mind to the fact that I could be wrong in some way.
More Populist Rhetoric Used to Consolidate Power?

Guest Commentary – Goldman Sachs

guest-commentaryWe have come yet again to Friday night. I had a couple of different things in my inbox that I didn’t have time to read all of yet, so I am unsure if what was there was suitable guest commentary material or not. But I saw a familiar name in there who had done guest commentary before. Life of Illusion had offered some more information to me. Knowing this was a name I could trust, I opened his email and found that the information, while not “technically” a guest commentary, was very pertinent to the discussions we have been having all week. LOI offered several different portions of articles that discussed the series of events involving Goldman Sachs. I have followed this saga for some time as, in my opinion, it offers a fairly important glimpse into how high the corruption in our federal government goes.
The Madness That is the Goldman Sachs Story