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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joebhed
A lot of comments are aimed at the government's $700 BILLION bailout of the banking and financial services industries. I think about half of which has been spent. On the private banking side, which is also acting to the same purpose as the government to prevent a financial collapse, the federal reserve bank has securitized, if you will, the American taxpayers to a much larger, and much more secretive, bunch of debts. Probably ten times more. And, it's impossible to even know the value of those loans as the assets are not subject to public review. So, why all this crying about the governnment ripping off the taxpayers? The private federal reserve banks have seen fit to mortgage the future of the grandkids of today's taxpayers. Why isn't anyone up to that problem?
Scott
Hi Cody, I wrote a little piece today called "Time to Bring Water Boarding to Wall Street?". I thought you might get a laugh out of it. It goes a little something like this: The SIPC has said they're going to liquidate Bernie Madoff's brokerage firm in an effort to recover some of his customer's money. It's time to get tough. If we want to find all of the money likely hidden in offshore accounts, it may be time to bring water boarding to Wall Street, starting with Bernard Madoff. On that note, I'd bet that many of those opposed to using such techniques on terrorists would suddenly experience a change of opinion on the practice. On Blagojevich:. This guy strikes me as a "singer". He may not have many people to bring down on this particular scandal but unless he came out of nowhere and became Governor overnight, I'll bet he has a great deal of dirt on many Illinois politicians on many levels. Judging from Obama's veritable litany of scumbag associates, he probably has something unrelated on Obama. That may be why Obama is handling with care. I think that if Blago is facing prison, he would likely take as many with him as possible. That leads me to my PREDICTION. I predict that if he is going to face serious prison and is about to start running his mouth too much, Blagojevich ends up catching SSS (Sudden Suicide Syndrome). MrArbitrage www.SenatorDitka.com
Lemmy_IS_God
I can only assume that the American people are closet sadomasochistic types who enjoy being beaten into submission. What other explanation could you have for leaving the Democrats and Republicans in charge? They've looted the Treasury,assaulted the Bill of Rights,and ignored warnings regarding criminal behavior that resulted in significant damage to our country. Our response to this? Re-election. We have no one to blame but ourselves. A nation or world of people who will not use their intelligence are no better than animals who do not have intelligence. Such people are beast of burden & steaks on the table by choice & consent.
Patrick Norton
In 1989 a *Penthouse* article called "Snowbound." American media continued to ignore, if not ridicule, the Mena accusations. Finding no conspiracy in the Oachitas last July a *Washington Post* reporter typically scoffed at the "alleged dark deeds," contrasting Mena with an image as "Clandestination, Arkansas. Cloak and Dagger Capital of America." Noting that *The New York Times* had "mentioned Mena primarily as the headquarters of the American Rock Garden Society," the *Columbia Journalism Review* in a recent issue dismissed "the conspiracy theories" as of "dubious relevance." Just reminding you Cody of Barry Seal the covert C.I.A. operative extraordinaire and his brutal death in 1986. Seal's legacy includes more than 2,000 discovered documents; all involved who were not part of the Illuminati ended up dead, even two teens walking along the train tracks. Individuals who are part of a secretive, historical organization that is comprised of mostly influential members with political and/or financial clout. You forgot about their hired gunmen! The last victim was U.S. ... Sen. Paul Wellstone, 1944-2002 who threatened to blow the whissel. Watch your back my friend!!!
aaron
Remember the kids in school who wore the eye patches? They were said to have a condition called a 'lazy eye' and the patch was put over the good eye to make the lazy one work harder. Shumer and Frank were both born with lazy tongues. They were told to talk a lot and they would get over it. Shumer got over his but Frank didn't. However the childhood habit of talking all the time remains for both as neither knows how to STFU. POLITICIAN: a person who wants to be a celebrity but lacks any recognizable talent or special ability.
Chuck
I completely agree with everything you have written. In broad daylight, the US taxpayer has been ripped off for trillions - and the American people and press allow this to happen because we are acting like victims and cowards - we are literally standing by and watching our future taken away by corrupt people who should all be in jail. Socialism for the rich, capitalism for the poor. America needs a wake-up call and I think this article is saying what we all need to hear. Someone has finally stood up and shown some courage. Excellent article.
moving
I want to know when I/we “the taxpayers” who were forced in buying equity shares and providing liquidity to these banks, investment banks, and insurance conglomerates will get our shares delivered to us. I/we were told these actions were taken on our behalf to protect us from the collapse of the financial system and that it was a great ideal because the government (who is using our money or obligating us to pay for this in the future through borrowing money or our behalf) to “invest” in these institutions because in the long run these investments would pay off and we would make a profit. Well since I was forced into “investing” in these companies I would like my shares in the companies sent to me so I can sell them and make a “profit” for myself when the market turns (I don’t care If I only own a fraction of a share or one share send it to me). Oh and when you decide to bail out the auto industry as well send my shares in those companies as well….or how about this…don’t give force me/us “the taxpayer” to invest in these companies through the power of the government and allow us to make that decision for our selves.
hadenuf
A democrat who is a crook gets by with it. They face the public daily on Tv acting the pious, good (sugar wouldn't melt in their mouth) types, and are ripping of the taxpayers, taking money hand over fist and acting like public servants. Note I said "acting." I can't believe anyone with a conscience, who knows they are guilty as hell, could face the public. Folks, we have crooks in our congress and now they are in charge of "fixing" the mess they themselves created?????? They need to return the money they have taken, not donating it to charity. It should go to make the investors whole, much like the Fannie and Freddie windfalls should. We need a legal system that cuts people like this off at the knees, not defend them. As taxpayers, we are their saps.