wpe50.jpg (1913 bytes)    TigerSoft News Service    9/17/2009      www.tigersoft.com     

          
    OBAMA IS A TOOL OF WALL STREET.

                                by William Schmidt, Ph.D.   (Creator of www.tigersoft.com )

       IF YOU OWN A LOT OF STOCKS, OBAMA IS MAKING YOU MONEY.
       LOOK AT THE PEERLESS AND TIGEROSFT CHARTS BELOW.
       OUR AUTOMATIC BUY AND SELL SUGNALS HAVE MADE FOLKS
       TRADIING STOCKS A LOT OF MONEY. 

        OUR HOTLINE REPORTS THESE "BUY" AND FOLLOWS THE REAL
        NEWS, THE OBAMA SELL-OUT TO WALL STREET.

                 wpe16C.jpg (26870 bytes)

                                       BUT...

      IF YOU ARE LIKE MOST AMERICANS AND YOU DO NOT TRADE
      AND INVEST FOR YOUR LIVING, OBAMA IS A FRAUD.  HE IS
      A PAWN OF BANKERS AND WALL STREET!  AND HE IS TAKING
      YOUR MONEY AND GIVING IT TO THE SAME CROOKS AND THIEVES
      THAT CAUSED YOU TO BE LAID OFF AS YOUR JOBS WENT
      OVERSEAS WHILE PAYING THEMSELVES TENS OF BILLIONS
      IN BONUSES FOR FAILURE!


     HIS SUPPORT OF A STRONGER, MORE UNREGULATED FEDERAL
      RESERVE AND BERNANKE, IN PARTICULAR, IS PROOF.  THE
      FEDERAL RESERVE IS RUN BY AND FOR BANKERS.  THERE
      IS NOT EVEN TRANSPARENCY ABOUT THE TRILLIONS THEY
      GIVE BANKERS ON TERMS SO GENEROUS, IT'S VIRTUALLY
      AN INTEREST FREE LOAN.  REMEMBER, IT WAS BERNANKE WHO
      COMPLETELY FAILED TO STOP THE BUBBLE AND MELT-DOWN.
      

      OBAMA'S PRO-WALL STREET ADVISORS ALL FAVOR GIVING
      BANKS LIKE CITI-GROUP, BANK OF AMERICA AND GOLDMAN
      SACHS TENS OF BILLIONS WHILE MAIN STREET PAYS THE
      BILL AND CAN'T GET A JOB!  

      WHY DOES OBAMA DO THIS?  LACK OF CHARACTER COMES TO
      MIND.  NO BACKBONE IS THE MOST GENEROUS THING I CAN
      THNK TO SAY.  THE TRUTH HE WAS BOUGHT AND PAID FOR
      BY GOLDMAN SACHS AND WALL STREET.  THEY WERE HIS
      BIGGEST CAMPAIGN CONTRIBUTORS.  WOW, HOW THEIR
      INVESTMENT HAS SURE PAID OFF!  

    His Jobs Bill Is Watered Down!  He Stands for TRICKLE-DOWN Economics:
    Give The Money To The Rich And A Little Will EVENTUALLY Drop Down To
    The Millions of Americans Who Work for $30,000-$70.000/Yr.

    Obama Now Calls Public Health Care  A Mere "Sliver" in His
    Health Care Plan. How Obama Has Fooled and Let Down His Supporters.
    During The Presidential Campaign, Obama Said He Would Finally
    Bring Health Care to All Americans. Now, He Would Happily Delay
    Publicly Paid for Health Care for 4 MORE Years, While Waiting
    To See What Private Health Insurance Companies Do With All
    The Money They Will Make from Mandated Health Insurance.

    All The WHile Obama Squanders Billions, even Trillions, on Bankers,
    The Military Inustrial Complex, Corrupt Private Contractors and A
    A Futile War in Afghanistan.  What A Fraud He Perpetrates. 
    Small Wonder That Progressives Now Dislike Him And HIs
    Popularilty Among Older People , Especially Those Who Closely
    Follow The News, is Shrinkling Even Faster Than The Base of
    American Manufacturing Jobs.

                                              
 
                              

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OBAMA IS A TOOL OF WALL STREET.
                                                           
by William Schmidt, Ph.D.       

              
  If you own a lot of stocks, stop complaining!  Obama has saved you from DJIA 4000
       and has brought about a huge rally in secondary stocks.  The market has been rallying ever
       since he got up on the Jay Leonard show in early March 2009 and said that no one on
       Wall Street committed a single criminal offense - before there was any official investigation -
       in bringing about and bursting the Housing Bubble or in driving the stock market down
       54% between October 2007 and March 2009.  Obama did exactly what his biggest campaign
       contributors - Wall Street - wanted him to do.   He gave billions to banks and gave full support
       to an unaccountable Federal Reserve and ot Chairman, Ben Bernanke, in oarticular.

              At the time, the Tiger Blog caught the reason for the turn upwards in the stock market.
      See 
March 25, 2009     Why Is The Stock Market Rallying?  Wall Street Now Sees That Obama's
      Populist Rhetoric Is Designed To Fool The Angry Public. Obama Is Signaling Wall Street He Will
      Protect Them.


              Here is the Peerless chart of the Dow Jones Industrial Average.  The red Buy and Sell
      signals occur automatically.  These were the Buy and Sell signals, TigerSoft's Peerless
      offers it customers, either through use of the software or on a nightly hotline.   These signals
      gained 80% between October 7th, 2008 and September 15th, 2009 if one bought, sold on
      sold short the DJIA according to these Buys and Sells.   Except for the June decline, Peerless
      has kept traders properly "long" the market since March 9th for all but a few days. 

wpe15F.jpg (54274 bytes)DATA1.BMP (487254 bytes) 
                     
The broader based NASDAQ has risen 61% since its March bottom.  The Peerless
             Buys and Sells would have gained a trader 116% since October.


wpe161.jpg (58760 bytes)
                                
            The rally since March has been much more generous with secondary stocks.   These are the 1000s
      of smaller companies that do not make it into "blue chip multinationals' " DJI-30.  Low priced
      stocks are up 200% since March.  Their volatility makes them too risky and dangerous for most
      investors.  TigerSoft users of Peerless mastered their swings this past year, gaining +316% on
      this group's swings with the Peerless Buys and Sells.   On June 8th, I penned a Blog entitled
     
The Great 2009 Bull Market. Why Is Wall Street Concealing The Huge Surges in
      Low Priced Stocks?


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    OBAMA IS A TOOL OF WALL STREET.

                                                         Bankers' Bailout: 

          
Trader, Andrew J. Hall of Citigroup was recently paid $100 million by US taxpayers
           with Obama's approval. 

              CitiGroup has received more than $387 billion in government support and
           $45 billion in TARP funds. There is no restriction on executve pay and bonues. 
           So far, that's $1,269 for every man, woman and child in the country!
           (Source )

    

The Obama Administration should rightfully be the target of a backlash. While the administration has done much to be commended, the people they hired to fix this mess are sadly some of the same who got us there. Their actions reek of hubris and continued self-interest. Consider:

1) Tim Geithner was the chairman of the NY Fed and an active participant in the fumbled, lurching responses of the Bush administration. Similarly, Larry Summers, although he says he is outraged by the meltdown, was a principle architect of the deregulation fest that got us here.

2) Geithner's initial hires are dominated by investment bankers and especially recent employees of Goldman Sachs, the alma mater of Secretary Paulson. Goldman played a pivotal role in promoting credit default swaps and other sketchy derivatives (although they were nimble enough to sell early and avoid the worst of the tsunami). GS has not only taken billions directly from taxpayers; but they are a Primary Beneficiary of the billions of taxpayers' dollars given by AIG to its "secret" trading partners. (The outrages never cease - we own 80% of AIG, yet even Congress can't find out who is getting billions of dollars of payola.) In other words, Geithner and his team of Goldman alumni are donating billions of our dollars to their friends and former employer under the cloak of secrecy. This is the kind of "deal" for the taxpayers that Boss Tweed would have been proud of.

3) The administration's unwillingness to take forceful and timely action on behalf of the taxpayers by nationalizing the most disabled banks is scandalous. The delays in action only prolong the recession while the steady drip, drip of taxpayer funds continue to bail out the wealthiest of the wealthy. And the reason given for inaction is disturbing - they don't want to hurt the shareholders. Well what about the rest of us - the taxpayers?!

4) And perhaps the most disturbing thing is that these "master of our universe" have no sense of the outrage they are perpetrating. Instead, they take it for granted that they are entitled to be bailed out ad infinitum and keep getting their swollen bonuses. Their outrage at anyone questioning their entitlement is evidenced by the absurd statement, "we need to pay huge bonuses to retain the most talented individuals". Never mind that these "most talented" have brought down our economy, thrust ordinary Americans and the rest of the world into the worst hardship since the Great Depression. They are so completely out of touch, that they actually believe their own self-serving nonsense and argue that they deserve the billions they continue to pillage. And, as friends and colleagues of these people, administration officials will spare no (taxpayer) expense to make the "talented" comfortable. Geithner, Inc. will take care of their own while the rest of us go to hell in a rather cracked teapot.

Also, don't count on Congress to take any meaningful action. They will not bite the hands of their masters - the ones who gave and continue to give millions (of our money) to their campaign funds. One of the most egregious outrages of recent years is that hedge fund managers, who contributed heartily to our economic collapse, continue to be taxed at 15% MAXIMUM. The rest of us chumps pay full freight; but the wealthiest billionaires among us continue to pay the lowest possible rate. How is this possible? Well, when Congress considered taxing hedge funds at a higher rate, Senator Chuck Schumer used his considerable clout to protect the thieves (and yes, wealthy people who pay less than the rest of us are simply thieves) by blocking any legislation. As I said, don't expect Congress to take action anytime soon.

The picture is complete and it's quite clear. The greed-obsessed and heedless crowd who wrecked our economy continue to be in power and not only duck punishment, but continue to be rewarded with billions of dollars in taxpayer funds. These people are criminals in the classic sense of the word - i.e., they knowingly endanger others with their actions and are incapable of remorse. We need to be protected from such and they should be in jail - not for reasons of vengeance - but to protect the community at large.

The officials hired to fix this situation are too enmeshed in this world and therefore will do nothing that might harm their cronies at the expense of the rest of us. And last, our elected officials are utterly compromised by the corrupting influence of campaign donations from said "masters" and will do little, other than spouting fine platitudes, to challenge the status quo.

As some great, unknown philosopher put it, "we are SO screwed".

— DHanig, Olympia   http://funkyfantom.blogspot.com/

          

 

Sunday, March 15, 2009

The AIG bailout

Ever since the Fed. bailout
of Wall Street, my view of politics has taken quite a turn. I now
think Ralph Nader is actually right about there being no difference
between Republicans and Democrats- they have both proved themselves to
be whores of Wall Street.

Although I am still a theoretical free-market conservative- all that
stuff has proven to be just abstract theory.
I am absolutely convinced that Wall Street runs the government. They
bankrolled both Presidential candidates.

The Bush/Obama transition has been seamless in what concerns Wall
Street. And it seems not to bother the public too much that the very
group who told us that Wall Street's downfall would be the nations' (
if we didn't pay up quickly with no strings attached) were the very
group who directed benefitted.

Look at the latest AIG bailout. Go to the NY Times website - read the
1500 letters- people are angry.

Forget about Obama. He is a weakling and a tool of Wall Street.
They financed his campaign.
I saw Bernanke lie on TV. We are told that giving hundreds of
billions to AIG is analogous to putting out a fire in our neighbors
house so that our own won't burn down.

The bailout money is not only going to big corporate salaries and
bonuses, but also as shareholder dividends- to the greedy scumbags who
brought down the American economy.

He at least admitted that the trillion dollar credit default market
that AIG was involved in was simply a big casino game based on greed
and was completely divorced from healthy financial activity necessary
for the economy.

And we all know now that the counterparty investment banks to these
casino bets were conducting their own masssive frauds in the real
estate market.

The real-estate fraud aspect of it was well-documented in great detail
in John Talbott's 2003 book "The Coming Crash in the Real Estate
Market".

The free market, left alone, would have punished the perpetrators the
way they deserved to be punished.

You cannot possibly believe WALL STREET'S warnings, parroted by
Goldman Sachs flunkies in the government, that if American doesn't
given trillions to WALL STREET that Main Street is doomed?

You know that this is not free market capitalism- and this is
not socialism either. It is an evil, stinking hybrid which exists only
to benefit the ruling class.  


       

Obama has no compunctions about using taxpayer money to buy up toxic assets and taking the heat off hedge funds.

The Administration's Auto Task Force, rejecting the recovery plans of Chrysler and General Motors, has put heightened pressure on the industry to hammer the auto workers union, force brutal cuts on wages, benefits and pensions.

Even more scurrilous are Obama's repeated assurances to Wall Street that he will slash social spending, including Medicare, Medicaid and Social Security.

It's out in the open, now--top Obama advisors directly involved in setting these policies, have received millions from Wall Street firms, including those that have received huge taxpayer bailouts.

Lawrence Summers, Obama's top economic advisor, a glaring example, pocketed $5 million as a managing director of D.E. Shaw, one of the biggest hedge funds in the world, and another $2.7 million for speeches delivered to Wall Street firms that have received government bailout money. This includes $45,000 from Citigroup and $67,500 each from JPMorgan Chase and the now-liquidated Lehman Brothers. Last year, Summers walked away with $135,000 for a speech to Goldman Sachs executives.

The New York Times noted Saturday (4-4-09) "Mr. Summers, the director of the National Economic Council, wields important influence over Mr. Obama's policy decisions for the troubled financial industry, including firms from which he recently received payments."

Any conflict of interest here?

It's no secret that Summers was a leading advocate of banking deregulation. The Times article notes that among his current responsibilities is deciding "whether--and how--to tighten regulation of hedge funds."

Summers is not an exception. He's typical of the Wall Street insiders who make up the White House team, filled with multi-millionaires, presided over by a president who parlayed his own political career into a multi-million-dollar fortune, according to investigative reporter, Tom Eley.

There is Michael Froman, deputy national security adviser for international economic affairs, who worked for Citigroup and received more than $7.4 million from the bank from January of 2008 until he entered the Obama administration this year. This included a $2.25 million year-end bonus handed him this past January, within weeks of his joining the Obama administration. Citigroup has thus far been the beneficiary of $45 billion in cash and over $300 billion in government guarantees of its bad debts. Can this be called "quid pro quo"?

David Axelrod, senior adviser to the president, was paid $1.55 million last year from two consulting firms he controls. He has agreed to buyouts that will garner him another $3 million over the next five years. His disclosure claims personal assets of between $7 and $10 million.

Obama's deputy national security adviser, Thomas E. Donilon, was paid $3.9 million by a Washington law firm whose major clients include Citigroup, Goldman Sachs and the private equity firm Apollo Management.

Donilon worked as Executive Vice President for Law and Policy at Fannie Mae. The Washington Times reported that Donilon made millions for work that included supervising Fannie Mae's lobbying against increased regulation.

Another member of the gang, Louis Caldera, director of the White House Military Office, made $227,155 last year from IndyMac Bancorp, the California bank that heavily promoted subprime mortgages. It collapsed last summer and was placed under federal receivership.

And that's not all.

Multi-millionaire Wall Street insiders populate second and third-tier positions in the Obama administration as well.

David Stevens, tapped by Obama to head the Federal Housing Administration, is the president of a real estate brokerage firm. From 1999 to 2005 Stevens served as a top executive for Freddie Mac.

Neal Wolin, Obama's deputy counsel for economic policy, is a top executive at the insurance giant Hartford Financial Services, where his salary was $4.5 million.

The story goes on...

Are you shocked--shocked!

A parallel set of characters can be found in the war, excuse me, defense department, lined up in the cabinet.

Remember "Change you can believe in!"

From the start, Obama played the populist, critic of the war in Iraq and won over a youth and liberal base, all the while being backed by the oligarchy with massive campaign funds.
tp://www.organicconsumers.org/articles/article_17504.cfm

   

 

 

September 11, 2009, 7:34 pm

Why Wall Street Reforms Have Stalled

 

 

Thursday, September 17, 2009

Opinion

 

Too Much Power for the Few

Yves Smith has written the blog Naked Capitalism since 2006. She has spent more than 25 years in the financial services industry and currently is head of Aurora Advisors, a management consulting firm.

Wall Street has become hard to regulate because we’ve allowed it to evolve that way. Credit is vital to any economy beyond the barter stage. As commerce became large scale and more interconnected, bank failures, which were once local affairs, increasingly led to widespread panics that produced considerable harm. As a result, government not only started to provide more safety nets for banks but also supervised them and placed limits on their activities.

It is pretty hard to regulate someone who has a knife at your throat.

Since the 1980s, lending has shifted from banks to the capital markets. While many loans do remain with the bank that originated them, in the U.S., what Treasury Secretary Timothy Geithner has called “market-based credit” has become prevalent. Even though a bank initially extends the loan, it is often on-sold through capital markets firms to investors.

That process gives major financial players control over the all-important over-the-counter debt markets. Most of these deals do not trade much once sold, making them ill-suited to shift on to exchanges that would be easier to police. But these over-the-counter markets have, for a host of reasons, strong scale economies and network effects, so absent intervention, it was inevitable that they would become increasingly concentrated, with a comparatively small number of firms becoming dominant.

It is pretty hard to regulate someone who has a knife at your throat.

http://roomfordebate.blogs.nytimes.com/2009/09/11/why-wall-street-reforms-have-stalled/


Geithner's Secret Plan To Screw You, Explained

Feb 2, 2009 ... Giethner is just a tool of Wall Street. I can't believe Obama chose this guy. The only way the government is going to do anything remotely ...
www.businessinsider.com/.../geithners-secret-plan-to-screw-you-explained - Cached - Similar

http://www.google.com/search?hl=en&client=firefox-a&rls=org.mozilla:en-US:official&q=%22Obama%22++%22A+Tool+of+Wall+Street%22&start=40&sa=N

 

 

Geithner Adopts Part Of Wall Street Plan For Regulation Of Derivatives

May 24, 2009 ... Geithner is not a tool of Wall Street! ... Obama Promises NO MORE TRICKLE DOWN: .... Obama's #1 campaign contributor= Goldman Sachs ...
www.huffingtonpost.com/.../geithner-adopts-part-of-w_n_207199.html - Cached - Similar

 

Les Leopold: Can We Stop Wall Street's $100 Million Payday and ...

Aug 24, 2009 ... We need to save Obama from his own economic team, which is acting more and more like a ... PostSeptember 16, 2009 .... It will cause even more people to conclude that the Obama Administration is a tool of Wall Street. ...
www.huffingtonpost.com/.../can-we-stop-wall-streets_b_266733.html - Similar


 

Obama's Sinking Approval Ratings Are Even Worse Than They Look ...

Jul 21, 2009 ... Sunday, September 6, 2009 ... have just another politician who is nothing more or less than a tool of Wall Street, Big Oil and the military. ...
www.usnews.com/blogs/.../2009/.../obamas.../comments/ - Cached - Similar



         
  

  

Obama Praises Trickle-Down Economics! Huh?

Mar 12, 2009 ... Obama Praises Trickle-Down Economics! Huh? - At the end of September, 2008, presidential candidate Barack Obama released a two minute ...
www.bloggersbase.com/.../obama-praises-trickle-down-economics-huh/ - Cached - Similar



Obama Trickle down economics

Obama Trickle Down Stimulus Plan - Obama Trickle down economics - The World's News.
www.theworldsnews.net/obama-trickle-down-economics/ - Cached - Similar

OpEdNews - Article: Obama's Trickle Down Stimulus is Failing

Jul 16, 2009 ... Article: President Obama chose a trickle down, politically correct attack on the economic crisis--that isn\'t workin--and the natives are ...
www.opednews.com/.../Obama-s-trickle-down-stimu-by-Chaz-Valenza-090716-898.html - Cached - Similar

                           

 
                  

    

              
            

                           

                

 
    
         
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