The Cody Word
  • October 7, 2008 04:29 PM EDT by Cody Willard

    Some Heads Are Gonna Roll: Bernanke, Paulson, Bank Execs, SEC and FDIC People and the Incumbents

    You can look to the left and look to the right
    But you will live in danger tonite
    When the enemy comes he will never be heard
    He'll blow your mind and not say a word

    If the man with the power
    Can't keep it under control
    Some heads are gonna roll
    Some heads are gonna roll

    The power-mad freaks who are ruling the earth
    Will show little they think you're worth
    With animal lust they'll devour your life
    And slice your word to bits like a knife

    If the man with the power
    Can't keep it under control
    Some heads are gonna roll
    Some heads are gonna roll

    Know what it's like when you're taken for granted
    there goes your life, it's so underhanded
    If the man with the power
    Can't keep it under control
    Some heads are gonna roll - Judas Priest

    I want some heads to roll. As our markets and economy implode around us, here's a few characters we all need to get fired.

    * Fire Ben Bernanke. I mean, Paulson's sorta a bad ass, in a Putin kinda way, and at least he's decisive and brings some gravitas to his moves. Evil as Paulson's moves are, that is. But Bernanke's polices aren't just as evil as Paulson's...Bernanke always seems way in over his head and scared about everything around him. The media touts this guy as if he's got a clue about how to stop this major economic downturn that's inevitable simply because he's written a bunch of papers and studied how Japan and the US policy makers screwed things up for their citizens during the Lost Decade and the Great Depression. Gimme a break. If anything, it's like the guys' self-actualizing a Great Depression 2.0 simply because he got convinced by Illuminati bad ass Paulson that if they didn't together create a trillion dollars of out thin air and give it to Paulson's Illuminati best friends at the major banks in this country and overseas that Ben would be remembered as a sitting duck Fed chief. Egos, power and cronyism over principles.

    And today's move of printing dollars and giving them to any major corporation that's borrowing money in the commercial paper market is about as sneaky a way of shifting wealth from savers and renters to the richest corporations in the world if there ever were one.

    * Fire Hank Paulson. I don't call him Hank Putin for nothing. How long before -- in the name of helping the consumer, the little guy -- he's deemed more than 70% of our banking system to be "government agents" in the same way Putin created one energy company with 70% (and more) of Russia's energy system? This stuff is the epitome of cronyism and thuggery.

    * Fire every executive and board member on every single investment bank and commercial bank that's either lobbied and begged for and/or received a single dollar of tax payer assistance, loan, subsidy or taxbreak in the last ten years. Such a purge of the system would certainly be a better way of getting confidence back into the system than redistributing a trillion dollars out of the private market to these very guys who should be fired by the guys in Washington...who should also be fired.

    * I plead with all of you to vote out EVERY SINGLE INCUMBENT WHO VOTED FOR THE TARP Bailout. They heard the overwhelming consensus from their hard-working, non-lobbying, non-donating little guy constituents who were vehemently opposed to this unconstitutional redistribution of wealth and resetting of our entire banking system, whose rules we'd followed thinking the rules mattered. Don't hesitate. Vote independent if you can, but regardless vote for the challenger if your incumbent of any party voted this bill through. No excuse for Democrats who say they want to help the little guy to have passed this bill that punishes the little guy in favor of the corporation. And there's no excuse for Republicans who say they believe in free markets and small government to have passed this bill that destroyed any semblance of a free market in banking and creates huge government. VOTE 'EM OUT!

    * Fire every SEC executive and FDIC executive. They've been asleep at the job of protecting us. Which really means their only job was to protect the sanctity of contract. All they do now is explain how they can break the sanctity of contracts in order to "protect us". Changing laws midstream ain't protection. It's another form of coercion.

    * And how come the presidential candidates are getting a free pass on their fighting for this TARP bill?  Raise hell!  Don't vote for these guys if they don't represent your voice!

    I'm sure I'll come up with others. Who do you think we need to fight to have fired first?

Ken Kerckhoff

Bob Barr offers a fresh start and a return to running the country the way is was designed to be run. Don't waste your vote on Obama or McCain. Vote for Bob Barr who will: - call for the abolition of the 16th Amendment and install The Fair Tax, - eliminate several cabinet departments that are involved in enterprises not called for under the Constitution, - get government out of our personal lives, and restore the Constitution to its place at the head of our society, and - restore fiscal sanity to our economy by implementing the above.

October 7, 2008 at 5:52 pm

joe g

heads are gonna roll/ i see miniture versions of these thugs throughout state, county and city officialdom. elected and non elected are both interested in running my life and are willing to fine me or deny me my rights (not priveleges) in order to get me to comply. anything from signage on my building to the length of my grass at my rental,( i get the letter to comply or else, not evem sure if its my property) so vote out all these villians local and national who require the state to be in charge and to hell with your freedoms. remember to throw out your local bums, this includes the judicial where they are elected in. as a reminder this includes youe socialist school board.

October 7, 2008 at 5:48 pm

Alex the Independent

Cody, You're not going far enough, bro. These people don't need to be merely fired, they need to be thrown in JAIL and have every red cent and every inch of property SEIZED to help pay for this mess. That means Bernake, Paulson and the CEOs/CFOs?COOs and other senior executives of WaMu, Bear Stearns, Lehman Bros, AIG and so on and so forth. Our young people are seeing extreme BS like this and wondering "Where is the responsibilty? Where is the accountability? Where is the justice?" I know I am not as finacially savvy as many of the posters on this blog, but after following this utter chaos for the last six months, what incentive do I have in buying stocks and mutual funds now? How does a person try to save and invest when the people running the markets are letting them go to hell? Does anybody remember all the commercials for WaMu, AIG, Citibank,Merrill Lynch and all of these other financial institutions who are or will be going under? Why would I but e*trade, Scottrade, or any of these other vehicles with the calamity going on nowadays? Cody?...Bueller?...Anyone?...I'm waiting... (sound of crickets...) Don't everybody answer at once...

October 7, 2008 at 5:45 pm

Jim

Thank you for having the stones to tell the truth as far as you have gone.I think that many of these politicians should also be prosecuted and locked for not only letting this happen but insisting that it happen.

October 7, 2008 at 5:41 pm

TPC

McCain is talking up bringing some of these guys into office with him, "if" elected. That's a big "if". Good piece Cody, well thought and said.

October 7, 2008 at 5:40 pm

mark

forget firing the bastards, lets charge all of them with treason. look up the definition, it fits. i say hang them by the neck until their dead/ or firing squads would be nice i am sure will be able to get a few "joe six packs to volunteer" after they are all convicted.

October 7, 2008 at 5:26 pm

Pete

There are so many better ideas to resolve the credit freeze as discussed on Fox Business, but only Paulson's plan plus sweetners were considered and voted on even after the people of the United States told their Congress representatives to go in a different direction. Both Democrats and Republicans padded that bill with pork. All our representatives need to be held accountable on election day including both presidential candidates who followed the pork instead of the change that they promised to the citizens of the United States. Based on their actions, both presidential candidates promise more of the same. The DOW indicates our confidence in our government to do the right thing. The only group that is doing a good job is the FDIC. Everyone else should be fired or voted out. The government should replace Sec. Paulson with Dave Ramsey. If our government creates a Financial Czar like they did with Homeland Security, it will be a tragedy like the way Homeland Security handled Katrina.

October 7, 2008 at 5:20 pm

LesJDecker

All of the above. Fire them all.

October 7, 2008 at 5:14 pm

Bert Stevens

You seem to have conveniently left out people like Barnie Frank, Chris Dodd and Charles Schummer. Why?? Those are the guys that looked the other way while sticking there hand out for a payoff. They should be hit with criminal charges.

October 7, 2008 at 5:13 pm

Scott Bourne

Cody, I believe several people will echo this call. The little guys problem is how do we spread the word to do this. Your blog reaches a few if they read it but most won't. Few understand that we have been sold out. The little guys have no national organization to speak of. I have told friends for years that the 2 party system is failling. They still don't listen to me. My big question is how do we get the uneducated that live on the handouts the Democrats got them to not vote for them and how to we get the hard core Republicians to turn their vote. I know both parties have a lot off usefull idiots to fill in the votes they need where they need them. And if they don't have enough usefull idiots they just create them. The last 2 elections in this country have been who can produce the most useful idiots to get to the top of the pile of idiots. We can not take out nation wide ads as we don't have a pool of money to do it. I mean you call for action but how do we get the word out to and get people to do what you suggest. Are you going to start asking for donations to run nation wide ads or some thing of that nature? My suggestion would be pull all money we can out of the market and a nation wide strike until they go back and repeal the junk bill. A few days of them lossing all payroll income tax may have their heads spinning.

October 7, 2008 at 5:12 pm

Dave Meleshko

Why not tie the can to Barnet Frank, Chris Dodd, and Chuck Schumer.

October 7, 2008 at 4:56 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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