Sunday, July 25, 2010

It's about time

The Global Musings of an Educated Man............vol.132
The clock is ticking. The well has been capped and the bells are tolling for the end of Tony Hayward, soon to be former CEO of British Petroleum who only "wants his life back." Poor poor Tony. After news has come out in the last two weeks that BP may have in fact been behind the release of the only man charged in the Pan Am  flight 103 that was blown up over Lockerbie, Scotland in 1988 that killed 270 people, the man was returned to Libya in exchange for better access to oil reserves in that country, there has got be a point where we as citizens will take no more of this lechery. We expect deception like this from spy novels, or elected politicians, not business executives. The free-market has principles that were founded in manners and good will and the competition to do what thou wilt in order to gain ever larger profits for the common shareholder.  Slave wages under the netting of Free Trade. Slaves were paid too and they were given Sundays off to rest, we get Saturdays as well. Back in line.
Goldman Sachs, that investment firm of the highest regard was only guilty of selling bundled sub prime mortgages held as securities, where they then would bet against what they had just previously sold, is the fox guarding the hen house. It's like a European banking dynasty in the 1800's, the Rothschilds, funding both sides of the American Civil War. But, they paid their debt, they paid their fines and nothing has changed. Did anyone even notice that last week, the Obama administration was able to pass a Financial Reform Bill that in it simplest form only created another bureaucratic agency to watch over multitudes of firms??  No, really, oh, caught up in the Shirley Sherrod thing, right. You have to love the internet and it's spreading of truth, but given the other options, I would take this over China's or Iran's stranglehold on the internet, any day of the week.

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