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Author Archives: Subliminal Watch
Executive Summary: After Greece, Many States And Local Taxing Entities’ Liabilities Will Surpass Greece’s Level With Accounting Rule Revisions By GASB This Summer
The Greek fiscal drama will become old news, when the financial markets react to the coming bombshell in the USA this summer. The Government lives with different rules than a business in regard to funding of pensions. Whereas, non-public pension … Continue reading
Financial Pay To Play Rituals, Play Acting And Masks
“Things are not what they seem, skim milk masquerades as cream” — Gilbert and Sullivan “All the world’s a stage, And all the men and women merely players: They have their exits and their entrances; and their masks and duplicitous … Continue reading
The Credit Default Swap Moral Hazard And Top Five US Banks
Warren Buffett has described derivatives “as weapons of mass destruction.” Credit default swaps are portrayed as financial arrangements too difficult for the unsophisticated to understand. Credit default swaps are a type of derivative held mostly by the top five too-big-to-fail … Continue reading
Pay to Play, Buying Insurance, or a Protection Racket for Wall Street Gains a 20-Year Low in Financial Fraud Prosecutions
Is it pay to play, buying the necessary insurance against phony prosecutions or a protection racket for Wall Street under Obama? Why under Obama, his Justice Department and his prosecutor for the Southern District of New York (Manhattan and … Continue reading
Posted in Crime, Economy, fraud, Government, Politics
Tagged Chuck Schumer, Kirstin Gillibrand, Michael Mukasey, Preet Bharara, Raymond Lohier
3 Comments
The Coming US State Pension And Budget Fall And Winter
We had the Arab Spring and the next season coming is the State and Local Government Fall and then Winter. Low interest rates on State and local bonds with fantasy projections of 6% t0 8% safe returns on pension investments … Continue reading
Eric Holder and Lenny Breuer, Protected by Boehner,The Wimp
Eric Holder and his underlings at the Department of Justice lack ethics and pervert the law to the benefit of their chosen people.
Posted in Government, Legal, Politics
Tagged Department of Justice, Eric Holder, John Boehner
3 Comments
Florida Law in re: Zimmerman
“Just the facts, ma’am, nothing but the facts!” — Sergeant Joe Friday. The State’s Attorney is not taking the case to a Grand Jury, yet. Under Florida law, the State’s Attorney could by-pass a Grand Jury, if she files an … Continue reading
Kagan Full Of Sound And Fury With Brainless Arguments
Reuters, the British wire service, has an analysis praising the skills and intellect of Justice Kagan, which any intelligent person would laugh at.
Posted in Government, Legal
Tagged Affordable Health Care for America Act, Elena Kagan, ObamaCare
7 Comments
