TimingLogic's Blog

Reasoned, Relevant And Often Contrarian Commentary On Economics


October 24
I'm an electrical engineer and mathematician by training. My career has spanned diverse areas of expertise from being part of a team which designed the world's most powerful computers to corporate consulting around business transformation and information-based solutions to being a corporate sales and marketing executive in the information technology and business consulting space. I’ve led teams responsible for innovative and transformative solutions and been part of teams that helped set strategy for many of America's greatest companies. Two of my interests are econometrics, democratic finance and quantitative - qualitative analysis. Over the years I have developed risk-based models and trading systems meant to identify significant investment opportunities and periods of extreme risk. My blog is an outlet for another of my passions, writing. I generally consider myself a contrarian. Therefore, many of my rantings are meant to encourage people to question what they believe to be true. Terms of Use & Disclaimer: First off, I don't take anything on here too seriously and you shouldn't either. These are simply sardonic rantings of Bill, my alter ego, often meant to agitate for peaceful & nonviolent reform. This web site reflects the views of its authors. It is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than its authors. The information on this site is provided for discussion purposes, comedic relief and entertainment only and are not investing recommendations. The authors may have positions in securities mentioned herein. Under no circumstances does this information represent a recommendation to buy or sell securities. While information discussed on this site was gathered from what are believed to be reliable sources, in no way is informational accuracy guaranteed. All information on this site may contain errors and omissions. Trading and investing involves high levels of risk. Always consult a licensed financial advisor or broker before making any and all investment decisions. Authors of this site and any sites which are fed by said site, including Open Salon and others, will assume no responsibility for the actions of the reader and user. Readers and users agree, as condition to accessing this site, to release and hold harmless this site's authors from all liability in connection with this site or any views posted on this site. All readers and users of this site agree that use of this site requires acceptance to the current Terms Of Use & Disclaimer and that current terms include any and all use and material from site inception. If you do not understand these statements in their entirety or do not agree to be bound by this current agreement, you must immediately discontinue use of this site. This Terms Of Use & Disclaimer may change at any time and it is the reader's and user's responsibility to review, understand and abide by any updates.

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FEBRUARY 17, 2012 10:46AM

Obama’s Mortgage Settlement With Wall Street Bilks American Taxpayers For Billions. Heretofore Unknown Settlement Details Called Scandalous.

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Any time a politician is brokering a legal settlement, I want to know what the hell is going on and why(You need a free password to access the Financial Times.  As I have said before, it’s worth it.)  Did Charles Manson get a politically-brokered settlement for his egregious acts?  What’s the difference?  I am completely serious.  What is the difference?  Charles Manson, for all of his heinous acts, can’t begin to compare to Wall Street’s crimes against humanity including untold deaths of impoverished people by rigging commodity prices. 

After reading the settlement, former TARP inspector general Neil Barofsky remarked, “It turns the notion that this is about justice and accountability on its head.”.  Well, you had to know something was wrong when a politician was subverting the legal process to broker a settlement in lieu of potential legal prosecutions. 

Washington politicians continue to subvert our legal system and our Constitution for personal political gain.  How can we have such egregious wrongdoing on Wall Street and no CEO has been investigated or taken any legal responsibility?   Wall Street is a crime syndicate and should be investigated using RICO statues used to prosecute any organized crime syndicate.  Then it should be shut down and replaced with a public banking system outside of the control of political idiots.  Our political system is so massively corrupt words simply don’t do it any justice. 

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RICO, it's not just for the Mafia anymore.