Rants And Raves: Government And The Stress Tests

Good weekend to all!

Thanks to @JinShing, I was able to watch a FORA.tv video of Nancy Pelosi doing what she does best.  Check out the video and prepare for my ranting and raving afterwards: Video

Let’s start with the obvious:

1. She is correct in saying that the Wall Street institutional schmucks (Citigroup (C), Bank of America (BAC), AIG (AIG), etc.) that got us here in the first place should be put under some type of mandate, but not to the extent of a large scale formal investigation.
2. She should realize that Wall Street caused the problem, but she and her congressional assholes alongside of her have exacerbated the issue beyond reason.

Let’s get into the real rant.  I want to see the firm statistic that specifically states that 75% of United States citizens want a full-blown Wall Street investigation.  That percent seems ridiculously high, but I wouldn’t doubt that it has some substance (yes, I am giving that bitch the benefit of the doubt).  My insight, however, rests with the notion that if Wall Street gets a full-blown investigation by the government, then the Congress, Senate, and Obama Administration should get a full-blown investigation by either the Republican Party or Wall Street.

But come on now, Mr. Musso, how in the world would that ever be allowed?

Well, if we’re truly a democratic society based upon the principles of our founding fathers, we’d realize that the Fourth Amendment (Search and Seizure) states that, “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”

I realize this is a single citizen right, but why not take the amendment outside the box a little?  The first piece of the amendment (’The’ to ‘issue’) is what the amendment was originally drafted for due to the illegitimate searches held by British soldiers during the Revolutionary War, BUT the second half of the amendment (’but’ to ’seized’) gives legitimate searches the ability to be carried out through “oath and affirmation.”

This country is run by the people and for the people, not by the government and for the government who will help the people through bullshit handouts.  The fourth amendment, in my feeble understanding of the law, gives Wall Street leaders the affirmative action to formally investigate the government’s response to the problem if they get court orders.  It’s a law suit, and it may sound absolutely ridiculous and insane but can and should be carried out if power gets into the wrong government hands.

To tell you the truth, I’m sick and tired of this administration and what they’ve allowed throughout this financial crisis already.  Let’s recap what the government has discussed over JUST this past week:

1. More handouts are going to GM (GM) ($2 billion worth to be exact), which is just delaying the inevitable of bankruptcy.
2. The Stress Tests results arrived Friday and let the general public know that most of the 19 institutions that participated in the tests are financially stable if there happens to be a second wave of a credit and real estate catastrophe.  Fantastic!!  Civilization is saved!!  But seriously folks, these institutions have been propped up with so much government funding that it makes sense their balance sheets show an excess amount of cash and will survive through the usage of their cash reserves.  This also explains why these financial institutions were showing profits and “made money” during Q1.  The question now is, “When does the government stop these handouts?”  Understanding that GM burned through most of their government funds and needed $2 billion more (while also eliminating their Pontiac line to grab some extra cash), why do we have so much faith that these banks won’t do the same thing as GM? [for more info on the stress tests, click on "Stress Tests at the beginning of #3]

So, to finish this short little rant, I ask all of you one thing; why the hell wasn’t AIG a participant in the Stress Tests?

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