"Power concedes nothing without a demand.  It never did and it never will."  Frederick Douglass
 

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The CFTC Believes That Trading on the Outcome of the Upcoming Election Would Be….Gambling? – Newsflash to the CFTC: 99.9 Percent of the American People Believe That ALL of What Goes On Wall Street Is GAMBLING and That Reality Is Why Americans Are Still Pulling Billions of Dollars Out of the Unregulated Casino GAMBLING Operation That OUR “Elected and Appointed” Leaders Have Allowed America’s Formerly Great Capital and Financial Markets To Be Turned Into – Yes, You As American Citizen Are Right To NOT Trust These Sorry Bastards On Wall Street….But There Are Still GREAT American Companies Out There To….INVEST In – Yes, INVESTING….What A Novel Idea!

Here’s a story that will get a good laugh out of any American that has rightly concluded that OUR “Elected and Appointed” Leaders have allowed the formerly great American financial and capital markets to be turned into one big unregulated casino over the past 25 years with now computer generated trades accounting for up to 80 percent of the daily trading volume and the rest of the trading being done by Wall Street “banks” that are also little but unregulated casinos that are betting big with the Federal Reserve’s money (i.e. our money) and when the “banks” win they get to keep the profits and when they lose…..Well, you know what happens when the overeducated Ivy League Candy Ass Pussies on Wall Street lose some money….

They come crying to the American Taxpayer to get their Sorry Asses bailed out!

Yes, there is a Very Good Damn Reason that if America had to go to war against the Japanese and Germans in December 1941 with the current Candy Ass Pussies on Wall Street there would be no America for all of us to live in today because there has never been a bigger collection of Candy Ass Pussies in one spot on Planet Earth than on and around Wall Street and spread around a few hundred hedge funds across America. (Read this article in The New Republic about the hedge fund masters of the universe crying like babies because someone (Obama in this case) called them out and asked them to pay the same tax rate as every other American Citizen: The Big Split, Why the hedge fund world loved Obama in 2008 – and viscerally despises him today.)

Getting back to the Wall Street Casino check out this headline and first paragraph from Bloomberg.com

Want to Bet on the 2012 Election? The CFTC says no, Paul Dwyer, Bloomberg.com

“U.S. regulators decided yesterday that a Chicago exchange couldn’t offer futures contracts tied to the outcome of the 2012 elections. The reason: Such trades would amount to gambling, and that wouldn’t serve the public interest.”

What the Hell?

The CFTC claims that trading on the upcoming election….

“Would amount to gambling?”

Newsflash to the CFCT of which the American People knew long ago:

Today the vast majority of the trades on the New York Stock Exchange, NASDAQ, bond markets, futures markets, commodity markets, etc. are now nothing but…

GAMBLING!

Right now the Candy Ass Pussies on Wall Street that could not and would not defend the American Republic if it was under attack mainly because if a real shooting war broke out they would be hiding under their Mamma’s beds are wringing their hands and wondering why the general public and the “retail” investors are not pouring their hard-earned money back into the stock market which is up about 30 percent on the year and up over 100 percent since March 2009, but what the Candy Ass Pussies on Wall Street don’t seem to understand is that the American People would not….

TRUST Wall Street with an old No. 2 pencil forget about their hard-earned money because the TRUTH is….

Wall Street CANNOT BE TRUSTED.

Now as rational investors here at Mad As Hell And… we are believers in investing in REAL COMPANIES that are well-run, that pay dividends, have great brands, have strong competitive situations and most of all have great management that can be TRUSTED…as opposed to Wall Street…

That CANNOT BE TRUSTED

….and Wall Street CANNOT BE TRUSTED because in our opinion most of the people working on Wall Street would not only sacrifice the future of EVERY child in America to put another Buck in their pocket they would sacrifice the future of their OWN children to put that same Buck in their pocket which leads us to putting our hard-earned money into….

GREAT COMPANIES

…which means purchasing the stock of those companies at the lowest possible commission rate that we can find and then we actually do something that Wall Street no longer knows…

ANYTHING AT ALL ABOUT.

We hold onto the stocks in those COMPANIES because we are…..yes, believe it or not…

INVESTORS.

No, we are not GAMBLERS that are hoping to turn a quick Buck on a stock that goes up $1.00 in a few minutes which leads to some overeducated Ivy League Candy Ass Pussy in Manhattan sitting in front a computer buying a stock at $20.00 and then selling it at $21.00 moments later and then yelling out what a great thing he has done which of course is no different than going to Las Vegas (like those Government Services Agency employees that were partying down with almost $1 MILLION DOLLARS of YOUR MONEY!) and throwing the dice at the craps table.

You say the CFTC is not going to allow trades on the upcoming election because that would be “gambling?”

Please, 99.9% of Wall Street is now doing is…GAMBLING you MORONS!

The reality is that the CFTC (and all other U.S regulators) is so Damn Stupid or willfully blind that they don’t understand that Wall Street is now almost nothing but GAMBLING, but the American People know what is REALLY going on and that is why they are still pulling Billions of Dollars out of the stock market because they know what happens when the overeducated Ivy League Candy Ass Pussies run-up stocks…..they ALWAYS come crashing down!

Be smart. Don’t play the stupid Wall Street games and sure the Hell don’t give your money to some overpriced “full service” stockbroker who does nothing but specialize in ripping people off!

Find the very lowest cost discount broker you can find and then buy the stock of REAL COMPANIES that make REAL PROFITS that pay REAL DIVIDENDS and then hold onto those companies for the long-term with long-term meaning as Warren Buffett has said many times…

“If I have to sell a stock I made a mistake when I bought it.”

Amen to that Warren….Amen to that.

You Thought Giving $500 Million Dollars of YOUR Hard-Earned Money to the Morons That Were Running Solyndra Was Bad? – Try Over A BILLION DOLLARS To Another Solar Company That Guess What….Just Filed For Bankruptcy! – No, You Could Not If You Tried Make-Up the Idiocy of Giving the American People’s Hard-Earned Money To Companies That Have Never and Will Never Turn Dollar One of Profit….But The Investors In Those Companies Are Somehow Able To Get Their Money Out As the U.S. Government Is Coming In With….Your Hard-Earned Tax Money!

From the…

Solyndra was not a BIG enough of a F-Up at $500 Million Plus Dollars of the American People’s hard-earned money pissed into the ocean File

….we now have the following BS of YOUR Government running wild with YOUR hard-earned money courtesy of ZeroHedge.com…

World’s Largest Solar Plant, With Second Largest Ever Department of Energy Loan Guarantee, Files For Bankruptcy

No, you could not make up this Bullshit if you tried! From the ZeroHedge.com story….

“Solyndra was just the appetizer. Earlier today, in what will come as a surprise only to members of the administration, the company which proudly held the rights to the world’s largest solar power project, the hilariously named Solar Trust of America (“STA”), filed for bankruptcy. And while one could say that the company’s epic collapse is more a function of alternative energy politics in Germany, where its 70% parent Solar Millennium AG filed for bankruptcy last December, what is relevant is that last April STA was the proud recipient of a $2.1 billion conditional loan from the Department of Energy, incidentally the second largest loan ever handed out by the DOE’s Stephen Chu. That amount was supposed to fund the expansion of the company’s 1000 MW Blythe Solar Power Project in Riverside, California. From the funding press release, “This project construction is expected to create over 1,000 direct jobs in Southern California, 7,500 indirect jobs in related industries throughout the United States, and more than 200 long-term operational jobs at the facility itself. It will play a key role in stimulating the American economy,” said Uwe T. Schmidt, Chairman and CEO of Solar Trust of America and Executive Chairman of project development subsidiary Solar Millennium, LLC.” Instead, what Solar Trust will do is create lots of billable hours for bankruptcy attorneys (at $1,000/hour), and a good old equity extraction for the $22 million DIP lender, which just happens to be NextEra Energy Resources, LLC, another “alternative energy” company which last year received a $935 million loan courtesy of the very same (and now $2.1 billion poorer) Department of Energy, which is also a subsidiary of public NextEra Energy (NEE), in the process ultimately resulting in yet another transfer of taxpayer cash to NEE’s private shareholders.”

Oh, that’s just GREAT! We have yet another company that comes up with some kind of Bogus idea about ‘saving the world from CO2” and the Wacko Environmental Nut Idiots in Washington DC start shoveling the American People’s hard-earned money out-the-door as fast possible and of course that means you can cue good ole’ Governor Moonbeam Brown promoting shoveling the American People’s hard-earned money out the door with little regard to the…

Complete Morons

…you are giving OUR hard-earned money to!

As we said…

You can’t make this kind of stuff up even if you tried because no one would believe that human beings with IQs over room temperature would give Billions of Dollars of the American People’s hard-earned money to….

Complete Morons!

$835,000 Spent of YOUR Hard-Earned Tax Money on 30 U.S. Government Employees In Las Vegas? – Party Down! – Oh, But That Wasted $835K Is Just the Tip of the Iceberg of the Hundreds of Billions of Dollars That YOUR Government Wastes EVERY YEARS Via Waste and Fraud and the Very True Secret….No One Gives A Damn

For those Americans that have never worked for Government and don’t quite understand why ALL Governments waste so much of OUR hard-earned money a fundamental TRUTH that all Americans must understand is that these folks don’t really give a Damn that they are wasting your hard-earned money and thus stories like this one about Government Workers Gone Wild in Las Vegas appear out of nowhere:

Obama Official Resigns Over Taxpayer-Funded Clown and Mindreader, Grace Wyler, Business Insider

“The head of Obama’s General Services Administration resigned today over allegations of excessive spending at a Las Vegas training conference for federal workers that featured a mindreader, a clown, and a comedian.

The Washington Post scoops that GSA Administrator Martha Johnson submitted her letter of resignation to the White House Monday after the administration learned about the conference from a forthcoming report from the GSA’s watchdog.

According to the Post, the report found that the GSA used $835,000 in taxpayer funds to host a 2010 training conference for 300 employees at a luxury hotel in Vegas. Expenses included $147,000 on airfare and lodging for conference organizers; $3,200 for a mind reader; $6,300 for commemorative coin sets; $75,000 on a training exercise to build a bicycle. The Post does not specify how much money was spent on the clown and the comedian.”

Oh, that’s just great! The US Government department General Services Administration spent….

$835,000 of YOUR hard-earned MONEY on 30 employees in Las Vegas!

Yes, it must be nice to have unlimited access to the American People’s hard-earned money to go blow in Vegas and this time what happens in Vegas did not…

Stay in Vegas!

Of course, if you have worked for the Government you understand that most people with access to YOUR hard-earned money don’t give two-rips about how much money they spend or what they spend it on and this story from the San Francisco Chronicle proves that FACT once again:

California State University whistle-blower loses job; accused teaches on, Nanette Asimov, San Francisco Chronicle

Here’s the “MONEY” paragraphs from the above article that proves how screwed up America is in 2012:

“One July day in 2002, they were at the Wrench Science custom bike shop in Berkeley when Shumate spoke to the owner about a $4,000 Kestrel road bike he had ordered. Shumate asked to be billed in multiple, small invoices to avoid raising red flags with campus accounting, Schwartz said.

When Schwartz questioned his friend about using university funds to buy himself a bike, “he told me that if he did not spend his entire budget every year, he faced the risk of having his budget reduced in subsequent years,” Schwartz later wrote to campus officials. He also told them that Shumate showed him camping, climbing and kayaking equipment at his home and bragged about getting them courtesy of Cal State East Bay.”

Oh, that line “if he did not spend his entire budget every year, he faced the risk of having his budget reduced in subsequent years” sums up EVERYTHING that is wrong with Government on all levels because these folks do not Give A Damn if they waste OUR hard-earned money because they don’t view it as THEIR money but rather an unlimited amount of money that they can spend however they Damn please.

In FACT when a couple of decades ago one of here at Mad As Hell And… were in the US military we actually did things to save money throughout the year in our department training’s budget and when the year ended we were treated as Complete Idiots because of course when you work for Government….

“if he did not spend his entire budget every year, he faced the risk of having his budget reduced in subsequent years”

….and the U.S. military is NO different from every other branch of Government that is filled with people that must “spend that entire budget” OR see the “budget cut the next year” which of course leads to Absolute Idiots like the people running the General Services Administration spending…

$835,000 of YOUR hard-earned MONEY on 30 employees in Las Vegas!

Of course, people that have worked on Capitol Hill in the past know that $835,000 of the American People’s hard-earned money begin wasted in Vegas is just the tip-of-the iceberg of the…

Hundreds of Billions of Dollars that YOUR Government wastes EVERY DAMN YEAR

….on all kinds of Absolute Nonsense and below are a few stories about Billions of Dollars that are being stolen from the U.S. Government using some kind of tax fraud scheme:

Billions Lost in Tax-Refund Scam, Wall Street Journal

Tampa Tax Fraud suspects stole millions from IRS, ABC Action News

Drug sting leads police to $600,000 in tax refund debit cards, St. Petersburg Times

Oh….STOP THE DAMN MADNESS!

$835,000 spent in Las Vegas on 30 Federal employees?

Just the tip-of-the iceberg…..just the tip-of-the-iceberg of…

Hundreds of Billions of Wasted Dollars of YOUR hard-earned money.

Mad As Hell And… Quotes of the Day – Tuesday, April 3, 2012 – Arnold Palmer

Mad As Hell And… Quotes of the Day – Tuesday, April 3, 2012 – Arnold Palmer

“Always make a total effort, even when the odds are against you.”

And

“Concentration, Confidence, Competitive urge, Capacity for enjoyment.”

And

“Golf is deceptively simple and endlessly complicated.”

And

“I never quit trying. I never felt that I didn’t have a chance to win.”

And

“I never rooted against an opponent, but I never rooted for him either.”

And

“I’ve always made a total effort, even when the odds seemed entirely against me. I never quit trying; I never felt that I didn’t have a chance to win.”

And

“It is a rare and difficult attainment to grow old gracefully and happily.”

And

“Putting is like wisdom – partly a natural gift and partly the accumulation of experience.”

And

“Success in golf depends less on strength of body than upon strength of mind and character.”

And

“The most rewarding things you do in life are often the ones that look like they cannot be done.”

And

“What do I mean by concentration? I mean focusing totally on the business at hand and commanding your body to do exactly what you want it to do.”

And

“Winning isn’t everything, but wanting it is.”

And

“You must play boldly to win.”

Wikipedia:  Arnold Palmer