An Ol' Broad's Ramblings
Archive for 16 May 2010
Had To Do It!
Shared by Ick and Lajitas.
“It’s Not Our Fault!”
Greece Considering Legal Action Against U.S. Banks for Crisis
Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said.
“I wouldn’t rule out that this may be a recourse,” Papandreou said, in response to questions about the role of U.S. banks in the crisis, in an interview on CNN’s “Fareed Zakaria GPS.” The program, scheduled for broadcast today, was taped on May 13. Neither Papandreou nor Zakaria mentioned any banks by name.
U.S. stocks fell and the euro slumped on concern that Europe wouldn’t be able to contain the debt crisis stemming from Greece. The Standard & Poor’s 500 Index declined 1.9 percent May 14, while the euro fell below $1.24 for the first time since November 2008.
Papandreou said the decision on whether to go after U.S. banks will be made after a Greek parliamentary investigation into the cause of the crisis.
Is no one responsible for their own stupidity anymore? Is everything ALWAYS somebody else’s fault? I suppose it had nothing to do with their union/socialist form of governing, right? “Give me more, or we’ll go on strike!” Ok, you’ve got more. “MORE!” Ok, more tax dollars. “MORE!!” There is no more! There must be cuts. “STRIKE! FIRE BOMB! MURDER!” And it all the fault of banks in the U.S? Uh huh.
European Central Bank President Jean-Claude Trichet said May 6 that he was concerned about speculation in bond markets using credit default swaps. “By first buying the CDS and then trying to affect market sentiment by going short on the underlying bond, investors can make large profits,” he said.
Credit-default swaps are derivatives that pay the buyer face value if a borrower — a country or a company — defaults. In exchange, the swap seller gets the underlying securities or the cash equivalent. Traders in naked credit-default swaps buy insurance on bonds they don’t own.
So, someone is making bets on Greece succeeding or failing? Isn’t that what speculators do? Kind of like going to Vegas?
In the CNN interview, Papandreou said many in the international community have engaged in “Greek bashing” and find it easy “to scapegoat Greece.” He said Greeks “are a hard-working people. We are a proud people.”
“We have made our mistakes,” Papandreou said. “We are living up to this responsibility. But at the same time, give us a chance. We’ll show you.”
I don’t want to dispute what this guy says, but from what I’ve seen, all those who have been striking don’t look all that “hard-working”, unless you call destruction of property and murder working hard. If the fire bomb fits…… The entitlement mentality is the cause of Greece’s financial woes. Pray we can prevent such from happening here, and reverse the trend.
Uncle Ted and A Little Gun Porn
After our incident last night, I was really looking forward to hearing Ted Nugent today, and he did not disappoint! If I can ever find the video he showed, I will post it. Not a dry eye in the house!
And now, for the porn!
Glenn Beck – NRA Shindig 05/15/10
Well, we skipped the speech last night, due to major irritation, but thankfully, found the video on Real Conservatives. 
Swiped From Twitter
H/T: @Dr_Rose
Facebook Sucks Pt 2
I was able to get on Facebook on my phone, until just now. I have been disabled, for no other reason than I asked why I couldn’t connect from a different location? This had never been an issue before, but now, they think they are protecting me? By asking ridiculous questions about pictures I’ve never seen from someone’s ‘album’.
You Cut
Eric Cantor has launched a new website. YOU can vote on what needs to be cut from the gubmints budget!
This is kind of cool. But what are the odds that anyone in Washington actually gives a damn what we think? Yeah…slim to none. Why would they start listening to us now? They sure haven’t for the past 18 months!
Well, check it out anyway, and ‘vote’ for what you want cut from the federal budget!
We ARE At War….
….with radical Islam. And honestly, given half the chance, there are more following that religion that would join in, if they hadn’t been so cowed by it, and it’s ‘leaders’. Star Parker has a terrific column, pointing out some of the many flaws of this administration.
Attorney General Eric Holder testified the other day before the House Judiciary Committee. Republican Rep. Lamar Smith asked him what seemed to be a pretty simple question.
Regarding the perpetrators in the last three terror attacks (two, thank God, unsuccessful) on our homeland (Fort Hood, the Christmas Day bomber and the Times Square bomber), Smith asked our attorney general: “Do you feel these individuals … might have been incited to take the actions they did because of radical Islam?”
Holder feigned to not understand. “Because of …?”
Smith: “Because of radical Islam.”
Holder: “There are a variety of reasons people do these things.”
Smith re-worded the same question and re-asked it six times, with Holder refusing to acknowledge what is as obvious as the fact that I am typing these words and you are reading them – that every major incident of terror of recent years has been performed by Muslims and that all of them associate their particular theology with their acts of terror.
The real question today is who is governing America and what exactly is the agenda of those who sit in the seat of power of our own country?
Read the rest here.
When I heard that terrorism had dropped from #1, to #7 in the list of things Americans are most concerned with, I was shocked, but not as much as I should have been. We’ve become quite oblivious, thanks to much of the MSM and the current administration. But that hasn’t stopped the attacks, has it. In fact, they seem to have increased in a rather short period of time. Gee, I wonder if that’s because those who declared war on US look at U.S. news, and listen to the honchos in the administration and think, “Gosh, they really don’t care if we blow up people, let’s go for it! Allahu akbar!”
