No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Archive for April 21st, 2010

Does Any Doubt Remain?

by @ 8:35. Filed under Business, Economy, Politics - National.

The “coincidental” timing of the SEC charges of fraud against Goldman Sachs as Obama launched his effort to further control the banking industry, left many wondering whether there wasn’t a coordinated effort between the White house and the SEC to sway public opinion on the legislation.

Well, wonder no more!

CNBC is reporting that the SEC’s own investigation and interviews have uncovered evidence that will undercut the core accusation of the SEC’s case.

The SEC accuses Goldman of breaching its fiduciary responsibility and committing fraud by not disclosing that a hedge fund was planning to short its offering of mortgage backed securities.  Unfortunately for the SEC, it’s own interviews show that the company who planned to short the CDO specifically met and told the impacted companies, that it was planning to do so.

If Perry Mason were on a murder case where his defendant had been accused of murder but had someone else admitting to the murder, I’ll be he would at least follow up on the lead.  Of course he would because Perry Mason had principles, fought for the truth and wasn’t persuaded by political gain.

There He Goes Again

by @ 5:35. Filed under Elections, Politics - National.

Formulaic – made according to a formula

He inherited the recession

Banks were greedy

Insurance companies are greedy

Tea party people caused divisions in America

Congress was responsible for the back room Placebocare deals

Etc.

Etc.

Etc.

Is there anything negative that President Obama has taken responsibility for?

In a sign of true leadership, President Obama is teaching those willing to learn, the fine art of blaming someone else.  At a fund raiser for challenged California Senator, Barbara Boxer, President Obama laid the blame for her potential defeat squarely on……Boxer’s supporters!

“I don’t want anyone here taking this for granted,” he said at a reception at the California Science Center, the first of a trio of fundraisers Monday night for Boxer and the Democratic National Committee.

“Unless she’s got that support she might not win this thing, and I don’t think that’s an acceptable outcome. So I want everyone to work hard,” the president said.

Just like Obama’s previous deflections, Obama believes that none of the actions of the person responsible for their actions are the reason for the rejection they now face.  No, Boxer’s challenges have nothing to do with her vote on health care or her unblemished support for Obama’s far left agenda.  According to Obama, the sole reason Boxer might lose is a lack of support and effort from her supports.

Just keep dreamin’ those unicorn dreams Mr. President.  November is rapidly approaching!

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