Goodbye Alan Grayson
The Market Ticker ® - Commentary on The Capital Markets
Posted 2010-11-02 21:32
by Karl Denninger
in Politics
Ignore this thread
Goodbye Alan Grayson
 

Maybe he can go back to being a lawyer, and sue some of these banks....

ORLANDO -- 

Incumbent Alan Grayson has conceded to Republican Daniel Webster in the race for the Congressional District 8 seat.

Grayson conceded at his watch party at Slingapour's in downtown Orlando Tuesday night.

Grayson's campaign said they needed a massive Democratic turnout to win, and that simply didn't happen with the weather.

Actually, what Mr. Grayson needed was to get behind the people about two years ago, and start going after the scammers and fraudsters in the banking business back then, keeping it up until now.

If he had, he wouldn't have lost tonight.  Every screwed, foreclosed and evicted person in his district was a vote he lost - and he lost it the hard way - by sticking his head in the sand until the 11th hour, then trying to redeem himself on the seminal issue facing both Floridians and the nation - the root cause of our economic mess.

In the interest of full disclosure, I've been talking with his office on a pretty-constant basis since he was elected.  His people have been gracious and available - something that few Congressional offices are, including my own. 

But that's the office people.  It's still the legislator at the end of the day who decides what to take on, what not to take on, and how strongly to push.

There are some issues that, in my opinion, he dropped the ball on badly.  Health Care was one of them.

But more importantly, he didn't take up what I believe is the seminal issue - the scams and frauds in the banking system and the damage they have done to Floridians, including his constituents, until he was badly losing, with his first real constructive comment coming on September 30th.

That cost him his seat.

Now the question is this - does Webster's statement mean anything?

"This is a new day for our Country and I am thankful to be a part of it. This is a huge victory for people who are tired of the politics of personal destruction. We ran a positive campaign against a broken system. Now it's time to begin the work of fixing it."

Uh huh.  I'll believe that when I see banksters that look like this, and you pressing the issue Mr. Webster - and not until.

Handcuffs by genesis

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User Info Goodbye Alan Grayson in forum [Market-Ticker]
Positionsizing
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Damn. I thought this guy was sharp.

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Well, I'm sorry if I hurt your feelings . . .
Mikek31
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Daniel Webster? Reincarnated?

inline

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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
Macthor
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Yes, I thought he was ripping Bernanke on a regular basis throughout his term. Also, all over the SEC for their failings with Madoff. Hmm.
Mikek31
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Karl, do you expect any communication whatsoever with Webster? I know what you say about Grayson is true, but it's a shame because at least the Ticker got some respect in high places...

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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
Vapor
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This sucks. Grayson was great-he was one of the few who challenged the Fed.

This result just goes to show how ignorant much of the right wing tea party crowd is. Grayson was one of the good guys fighting the banks, bailouts and congressional corruption.
Genesis
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Mike, we'll see.

If I don't get any from Southerland I'm taking a trip to DC.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Mikek31
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Hopefully as President... smiley

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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
Killben
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I would say SAD! Again Americans seem to have voted out THE RIGHT GUY!

HE WAS THE ONLY GUY WITH BALLS TO TAKE A SWIPE AT THE FED, THE M*&^%$*((, WHO ARE SCREWING AMERICA AND THE WORLD. WHO WILL TAKE HIS SHOES?
Jander
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Those of you singing the praises of Alan Grayson have seriously lost your minds. Do a little research on him before spewing that crap.

It's sad that you cant get past your hatred for Ron Paul Karl. He's been onto the Fed/Banks before you even started this site, perhaps thats why he doesnt care to have your faxes flooding his office?

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"Go perform an anatomically impossible act" -KD
Colk55
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Genesis wrote..
Grayson's campaign said they needed a massive Democratic turnout to win, and that simply didn't happen with the weather.


Mother nature strikes again.

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The politician's motto: If you can't dazzle them with brilliance, baffle them with bull****.
Genesis
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Quote:
It's sad that you cant get past your hatred for Ron Paul Karl. He's been onto the Fed/Banks before you even started this site, perhaps thats why he doesnt care to have your faxes flooding his office?

They weren't MY faxes. They were faxes from HIS CONSTITUENTS on petitions signed by people WHO LIVED IN HIS DISTRICT.

Wake the **** up. Ron Paul is a moonbat and I'll be happy to throw your ass off this site if you want to continue to LIE about his record.

He blows lots of smoke but in reality he's sucking off Dimon's and Blankfein's dick under the witnesss table just like the rest.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Aja
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Wait a sec -- where is it on the record that Ron Paul is "sucking off Dimon's and Blankfein's dick uner the witness table"? That's news to me.
Genesis
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Really Aja?

How many times does he have to have the opportunity to force Bernanke or these executives to explain their reserve policies and how their fraudulent lending is being hidden and yet refuse to do so?

The ONLY thing he rants about is the gold standard. Yet as I have repeatedly documented with actual history The Gold Standard is an even bigger fraud as it allows the banks to DECLARE DEPRESSIONS any time they'd like by manipulation of the metal supply into the monetary base.

Indeed, immediately following The American Revolution the bankers of London tried to bribe the new US Congress to be a gold-only - instead of bimetallic - based monetary base. Why? Because they owned the means of gold production and supply. This is WELL documented - they failed, incidentally, and if they had succeeded our Revolution would have been for naught.

Since Gold is a very thin market and we produce almost none of the world's supply, to do this would be to allow foreigners to dictate American monetary and fiscal policy - openly.

That's Treason.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?

J0nx
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Karl is 100% right. Ron Paul is all talk and no action. There are plenty of things he could have done in the past 2 years and yet he has been mostly silent, almost as if he was muzzled for whatever reason. Also, I don't want to hear a ****ING peep out of any Nevadans ever again about the foreclosure crisis or the economy. They lost their right to bitch about that yesterday after reelecting (AGAIN) one of the architects behind this entire mess. **** them, they deserve every bit of hardship coming their way.

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The fraud and lies are only allowed to continue because the people allow it. Either through apathy or ignorance, they still allow it.
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The gold standard is treason? That's an interesting legal position I've not heard before.
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Placing one's monetary system in control of those beyond our borders is treason. Yep.

And by the way, undeclared or not, we're in a time of war.

Incidentally, it's worse than that. Paul's continued rants about the "money supply" - all $800 billion of it before or $2 trillion now - while intentionally ignoring the $53 trillion in officially-recognized credit that is backed by nothing, irrespective of what backs the money, is either documentation of Paul's intentional blindness or confirmed idiocy.

Pick one.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?

Smacktle
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In my younger days I used to work in some mental institutions as a Pysch Tech. I can assure you that we would have put Ron Paul and Alan Grayson in the same room and probably on the same meds.

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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
Aja
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Lets agree to disagree on that. Off to work an actual job...
Steelhead23
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Although relatively powerless, I am a big fan of Grayson and am damn sad to see him go. The dude was confrontational. Right now, we damn-well need a bit of confrontation. He wasn't just a Johnny come lately bankster attacker - he's been at it for well over a year and was gaining momentum. I hope we find others to press the attack.

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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
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Grayson was / is an smiley clown - and an embarrassment to Florida, the Congress and America as a whole. (Self Censored Obscenities). Good Riddance...

(Self Censored Obscenities)(Self Censored Obscenities)(Self Censored Obscenities)(Self Censored Obscenities)(Self Censored Obscenities)(Self Censored Obscenities)(Self Censored Obscenities)(Self Censored Obscenities)(Self Censored Obscenities)

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I just realized... they aren't saying, "Keynesian Economics"
they're saying "Kenyansian Economics". Grass Huts for everyone!
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Immoral_hazard
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And Michael Medved (who seemed to have hated Grayson the most) has called for the prosecution of white collar financial crimes when exactly?

You either work for the bankers or you don't. It's easy to tell the sides.

1) Do they blame it on Community Reinvestment Act? You know they are BBF (Bankers Best Friends)

2) Do you say things like, "They paid back the bail out money" you know their BBF

3) If they talk about everything else but financial crimes. They are most certainly BBF.

So say what you want, those who were most likely to deride Grayson were doing so because they likely unofficial spokesman for the banking industry. I for one, refuse to drink the koolaid from any talking head who refuses to prosecute these crimes or uses his bully pulpit to make excuses for those who perpetrate them.

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Loyalty to the country always. Loyalty to the government when it deserves it.
- Mark Twain
Mikek31
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Quote:
Incidentally, it's worse than that. Paul's continued rants about the "money supply" - all $800 billion of it before or $2 trillion now - while intentionally ignoring the $53 trillion in officially-recognized credit that is backed by nothing, irrespective of what backs the money, is either documentation of Paul's intentional blindness or confirmed idiocy.

Pick one.


Idiocy. He's so hogged up on Austrian Economics that he can't see or think clearly. It fits with his libertarian, small government approach which I agree with (being responsible for oneself etc.). His gold solution sucks balls though. He's been reading too much von Mises, Rothbard, Hayek, et. al. The main problem with those guys is they never ran much of the math behind their assumptions. This is a numbers game too - just because something sounds logical and reasonable doesn't mean it always is. Some of their premises are deeply flawed, and it shows in their conclusions.

I think this is why Ron Paul isn't asking the Fed the right questions - he's too dogmatic and set in his ways. I mean come on, the guy was a doctor - you'd think he'd be a bit more scientific in his approach. He should at least take a good look at all the scholarly work and mathematical models run by Steve Keen, for instance, to get a better sense of how the credit system actually works.

It's too bad, because he's one of the few Congressmen interested in monetary policy instead of gays, guns, God, and campaign contributions. And the rest seemingly have no clue, or you get guys like Barney Frank who are just complete numbnuts...

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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
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