Exclusive to OpEdNews:
OpEdNews Op Eds

Taxpayers Arise! The True Meaning of Cramer-vs.-Stewart Debate

By       Message David Griscom     Permalink

Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; ; ; ; ; ; , Add Tags  (less...) Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to None 3/14/09

Author 5630
- Advertisement -

Every U.S. taxpayer should watch this edition of The Daily Show: Part 1, Part 2, Part 3.

Keep you ear open to how many times either Jon Stewart or Jim Cramer mentions the fact that banks have been using "35-to-one leverage" in their derivatives trading.  What exactly does this mean?  Well, it means that they were betting 35 times their net worth that the markets would go up, up, up ...forever.

And when they finally found out that it was all just a bubble, which would not continue inflating forever (surprise!), they suddenly found themselves up to their keisters in debt for 35 times their net worths!!! 

What to do??? 

Oh, no problema.  The government, acting as agent for the taxpayer, would commit the taxpayers to pay their debt!  Sweeeeet for most of the billionaire bankers (though too bad about the few like Madoff, whose guilt was much easier to expose)!  Too bad too for the taxpayers that they elected a government that was immediately willing to lay this mountainous debt on their innocent backs...

...or did they really elect their government?  Jon Stewart now needs to invite on to The Daily Show representatives of the national TV news community that failed to report a single word of the abounding evidence of the election theft that has been going on for the past decade...

- Advertisement -

If anyone has the slightest doubt that some of our "elected" representatives and officials are covering up the election fraud committed on their behalves, watch Tucson local TV newscaster Bud Foster interviewing attorney Bill Risner regarding evidence of election theft in Pima County, AZ.  (It comes out in this interview that LOCAL Democrats -- AND REPUBLICANS -- are finally united in their desire to expose this fraud ...while AZ Attorney General Terry Goddard, a Democrat, has repeatedly frustrated Risner's lawsuits demanding access to public records that would finally reveal the truth!)

- Advertisement -

 

- Advertisement -

View Ratings | Rate It

Take action -- click here to contact your local newspaper or congress people:
Oppose Bank Bailouts

Click here to see the most recent messages sent to congressional reps and local newspapers

http://impactglassresearchinternational.com/index.html
Ph.D. in Physics, Brown University, 1966. Fellow, American Physical Society. Fellow, American Association for the Advancement of Science. Fellow, American Ceramic Society. Research Physicist at Naval Research Laboratory (NRL), Washington, DC, (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Credit Default Swaps: The "Gordian Knot" Standing in the Way of Economic Recovery

Passing judgment on HR 811: A classic case of "the blind men and the elephant"

Mr. Obama, Fire Geithner & Hire Krugman NOW!

The (Non) Results of Monday Morning's Superior Court Hearing in Pima County, AZ

The Folks Who Brought You this Financial Meltdown Are Still at the Helm

Taxpayers Arise! The True Meaning of Cramer-vs.-Stewart Debate