Sunday, October 12, 2008
Another week
Here we go again. At least we have a financial holiday this week. No stock market to worry about on Monday--It's Columbus day! Cool. Maybe Congress will come back in session and solve all our problems. Right.
Monday, October 6, 2008
Here we go again!
One more dive! The stock market fell again. Why? We spent our money on this bail out. For what? The stock market takes another swan dive and Congress now is investigating Lehman. WOW! How about the auditors? The 2007 audit report for Lehman -- Unqualified Opinion. I am studying the report. I guess it presented fairly their position. Hmmm.
Sunday, October 5, 2008
Tired of Being Robbed - The First Post
This is my first post as a blogger.
I am pissed off. Congress just passed and the president signed the bill to steal away any chance we have at retirement. Our great grand kids cannot possibly pay this off. My outrage is just too many issues to detail. Where was Sarbanes Oxley? Where were the auditors? Who signed off on the financial statements in 2007 for Bear Stearns, Lehman Bros, AIG, et al.? Who applied their signature to the report that said "the above statements present fairly the financial condition" of any of the above mentioned entities? Why are they not in jail? It seems to me Congress, CPA's and the CEO's and officers of the entities should all be in jail. This is one time where I disagree with the concept we are innocent until proven guilty. Congress and these companies have put our country's economy at risk and should be tried for treason. Congressman Barney Frank should be at the top of the list. I pray he is not re-elected.
Why do the inept keep getting re-elected? There must be fraud involved. It is the only way. We see the Congressman in New Orleans get re-eletced after they found money in his freezer. We see Ted Kennedy and his following. The people in Massachusetts must be blind or cannot think of a good place for him, so they keep him in the Senate. Republicans and Democrats keep the money train going.
This Bailout just hit a nerve. When will it end? My 401K is in the tank. "Invest in the market" they said. "Over time it always out performs savings." Over time it has sucked big time. I have no hope of collecting Social Security. I am pissed off.
"Lets give all of my money to the Wall Street firms so they can keep going so our economy won't fail." I am at the point where I say let them and it fail. Someone tell me I am wrong. There is no oversight of the money. They added another $100 billion in pork spending. And I will have auditors asking me why I did something and by whose authority. Please tell me there is a light at the end of this tunnel.
These big firms get a pass from the CPA's and Congress and the smaller firms have to comply with all the "laws and regulations". This must not go forward without an inestigation. I will be glad to head the investigation and be paid millions of dollars to fly around the country and produce nothing. Let us get rid of everyone in Congress who voted for this bailout and vote to impeach every Senator who is not up for re-election.
I hope to keep my thoughts going...
I am pissed off. Congress just passed and the president signed the bill to steal away any chance we have at retirement. Our great grand kids cannot possibly pay this off. My outrage is just too many issues to detail. Where was Sarbanes Oxley? Where were the auditors? Who signed off on the financial statements in 2007 for Bear Stearns, Lehman Bros, AIG, et al.? Who applied their signature to the report that said "the above statements present fairly the financial condition" of any of the above mentioned entities? Why are they not in jail? It seems to me Congress, CPA's and the CEO's and officers of the entities should all be in jail. This is one time where I disagree with the concept we are innocent until proven guilty. Congress and these companies have put our country's economy at risk and should be tried for treason. Congressman Barney Frank should be at the top of the list. I pray he is not re-elected.
Why do the inept keep getting re-elected? There must be fraud involved. It is the only way. We see the Congressman in New Orleans get re-eletced after they found money in his freezer. We see Ted Kennedy and his following. The people in Massachusetts must be blind or cannot think of a good place for him, so they keep him in the Senate. Republicans and Democrats keep the money train going.
This Bailout just hit a nerve. When will it end? My 401K is in the tank. "Invest in the market" they said. "Over time it always out performs savings." Over time it has sucked big time. I have no hope of collecting Social Security. I am pissed off.
"Lets give all of my money to the Wall Street firms so they can keep going so our economy won't fail." I am at the point where I say let them and it fail. Someone tell me I am wrong. There is no oversight of the money. They added another $100 billion in pork spending. And I will have auditors asking me why I did something and by whose authority. Please tell me there is a light at the end of this tunnel.
These big firms get a pass from the CPA's and Congress and the smaller firms have to comply with all the "laws and regulations". This must not go forward without an inestigation. I will be glad to head the investigation and be paid millions of dollars to fly around the country and produce nothing. Let us get rid of everyone in Congress who voted for this bailout and vote to impeach every Senator who is not up for re-election.
I hope to keep my thoughts going...
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