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Stock Ideas Investors Daily Edge Fair and Blanched
Stock Ideas Investors Daily Edge Fair and Blanched 
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By Rick Pendergraft Tomorrow morning we’ll find out what the Fed discussed at last month’s meeting and why they chose to cut both the Fed funds rate and the discount rate. The minutes from that meeting will be released at 2:00 pm tomorrow afternoon. |
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| Fair and Blanched |
| Wednesday, 08 October 2008 | ||||||||
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“Go take a nap in a urinal.” That’s what I have to say to any lock-stepping super-partisan who can’t admit that deregulating the financial markets in 1999 didn’t play even a tiny part in creating today’s financial crisis. The same goes for anyone who won’t consider the idea that those who disregard the US’s well-being for personal gain are enemies of the state. Also, the following is directed to the ultra-vehement, to whom, for reason I have yet to comprehend, my writing is like crack cocaine. When you threaten my life because you disagree with me… and you’re a conservative… shouldn’t that be called a Republican’s right to choose? That’s about all I am going to write about the response I received to my “traitors” piece two Saturday’s ago. Instead, I am going to let you do the talking in just a bit. First, I should note that, in all, there were 184 responses in support of my “traitors” position, 14 against, and seven I classify as “other” (the usual flurry of furious from five sociopaths and two psychopaths). Finally, best line of the year goes to Steven Colbert, of the Colbert Report. In referring to US presidential hopeful Sen. John McCain’s charge that Barack Obama doesn’t understand the difference between a tactic and a strategy Colbert suggested the following: “A tactic is when [then Texas governor] Bush used political operatives to slander McCain in 2000. A strategy is when McCain hired those same operatives to run his campaign in 2008. Totally different.” That leads me to wonder, if you cheat to win the presidency, doesn’t that make you exactly the same as Barry Bonds? Now to your responses:
From Randall L. “Based upon the premise that government doesn't produce anything except roadblock legislation and the money government has they got from me against my express permission, I have two plans: “1) $700 billion divided equally to every adult over 21 years of age. Amounts to over $300,000 to each individual. “2) Declare this the year of Jubilee. You live in it, or drive it or have it in possession you own it. Tell the Federal Reserve stockholders to have a nice day. Pass the Fair Tax Plan HR25 & S1025 www.fairtax.org and repeal the 16th Amendment. Tell the IRS to have a nice day. Print Treasury notes (no interest on our own money) to replace Federal Reserve notes (not backed by anything anyway) and repeal the Federal Reserve Act. “Anyone and I mean anyone who can't openly discuss the above as serious solutions is part of the problem.” This one is abridged because it was so long. It’s from Mary K. “I have often wondered if this country would select a bum off of the street with a bottle in a brown paper bag as president if we could be any worse off. I have wondered how our very top leaders can even live with themselves (I know if I was in their position and was responsible for what has transpired and is going to happen to attempt to correct the problems I am sure I would live the rest of my life in a very depressed state if I could live at all)… This country has a problem and it will be growing again. It is the spread in wealth between the rich and the poor… “If the women in this country have any sense at all, McCain lost the women's vote (a former beauty queen and still a good looker). I know Ron Paul and David Walker are little to far to one direction but maybe this is what we need. It just makes a lot more sense to have one of them in the play.” From Connie B. “Fabulous article on what's been going on out there, that we as citizens and investors have unfortunately lost control of. Your creative writing puts you in a league with another favorite journalist of mine, Andy Rooney on 60 Minutes, who also never fails to tell it like it is. Hopefully, with readers paying attention to such insightful commentaries as yours, the world just might be a better place for all of us to live, work and invest in!” From Elvin E. “Admittedly I usually fast-screen your articles and pick out bits which might interest me in a closer look. This time I read through, even re-read portions. This piece should be on the networks “talking heads” agenda, front-page news, and any other media, which can offer the attention it deserves. Way to go Andy.” From Arthur C. “Buy some body armor.” From Woody W. “Unless he shoots someone on public TV or comes out as gay or gets caught in bed with Hillary… I still like him [McCain] at about 1000 to 1 over Communist Comrade Osama (Middle Eastern not ‘black’) Obama. At least McCain is not a Wolf in sheep’s clothing. We know what we are getting and what to watch out for. Obama is outright DANGEROUS and many are heralding him as their ‘Savior.’ “The real question is: do the rank and file Americans (me and you) have the courage and the resolve and the plain old GUTS to do anything about the situation? It looks to me like it is about time for some REAL leadership to step forward. I am afraid we have possibly gone past the point of no return for America without Divine intervention taking place soon.” From V.C. “You are much too timid in your appraisal. Nothing like a thorough clubbing in the wood shed for these imbeciles. Why do you leave out the Fed and the corrupt political system that is destroying USA with its horrific debt -financing theology?” From Ran4: “If you liberals ever bothered to look at your own complicity in this economic meltdown, you'd have the balls to admit that THE OSAMA! stood idly by, did nothing, and enriched his own coffers while this was unfolding. Additionally, the most guilty of the CEO's (eg Franklin Raines) are attached to THE OSAMA as ‘advisors’ and financial ‘supporters.’ And by the way, what did that stupid bitch and her Democratic Congress do over the past two years to ward this off? Oh - that's what I thought. NOTHING!!! So-when can we expect the apology from THE OBAMA???” From George: “Very good article. It’s a view that I hadn’t considered but will. I do definitely agree with you on John McCain, except saying sorry doesn’t equal redemption. I suppose I attributed this issue to greed and a corrupt government but identifying them as traitors might work.” From Cameron W.: “This is a well-pointed indictment of the powers that be re: Lehman Brothers, but can easily carried over to the financial industry as a whole. Stiglitz referred to this as incompetence at the regulatory level, but it is much worse than that. It smells of outright deceit of an industry rife with corruption at the both the financial management and regulatory levels. “I am afraid that in the weeks and months ahead, we will see the strongest evidence of the moral decay of America from its head on down. Unfortunately, what is far below the head will be Johnny Sixpack who will be easily distracted from his plight by images of his enemies abroad and the ongoing rhetoric - ad nauseum - about America's need to be prepared to defend itself. “The U.S. is a country that is rotting from the inside. Yet, who will defend Johnny Sixpack from the captains in charge of the realm (the traitors, as you say), if they in turn capitulate to greed, and honor only the morally bankrupt CEOs of the financial industry with golden handshakes?” And, there you have it. Not a cross section of responses, because so many were positive. But a balanced sampling. See you Friday, in my brand new IDE slot. Andy P.S. To let me know what you thought of today's article, send an e-mail to: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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