Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Friday, November 4, 2011

Does Goldman-Sachs run the world?

Corzine cuts and runs and still gets away with a fortune. Inept as a Senator and Governor, always on the shady side with corruption charges following him out of office, then staring an over leveraged International Trading Bank, gambling investor's money (reported leverage at 33:1) on the financial stability of Greece, it goes belly up in just months and he just walks away. He was even offered $12m severance.

Wall Street: Jon Corzine Resigns From MF Global Holdings - CNBC
Friday, 4 Nov 2011 By: Katy Barnato
Jon Corzine has resigned as MF Global Holdings chief executive officer and chairman, the brokerage firm said Friday.

The former New Jersey governor and Goldman Sachs [GS 107.68 1.55 (+1.46%) ]chief confirmed he will not seek severance pay in connection with his resignation from the bank, which filed for bankruptcy protection on Monday. ...

"It was probably the right thing to do considering he was the architect of their strategy," venture capitalist Ken Langone told CNBC."If they did what the papers are speculating they did it was a lack of integirty. If they didn't do it, then it's stupidity," Lagone said. "Either way they don't come out of this good." ...
-go to link-

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