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Senator Dodd Says His Reform Bill Won’t Stop the Next Crisis from Coming
Wednesday, March 17, 2010
by John Bougearel of The Commodity Trading Advisor
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by John Bougearel author of Riding the Storm Out: What Do Investors Do Now?
I can’t believe that Dodd just said “this legislation won’t stop the next crisis from coming”
What a total jackass Dodd has been and always will be!
Jon Stewart retort to Dodd: “You can’t short your own reform bill.”
Later, and more disturbingly, CNN correspondent Christine Romans who summarized Lehman’s bankruptcy examiner report as “Lehman imploded because of a lot of mistakes that had been made.”
As Naked Capitalism’s Yves Smith has repeatedly pointed out and I quote from end of Chapter 1 in Yves new book Econned: “Until we learn to call looting [fraud and other criminal activities of banksters, policymakers, and lawmakers] by its proper name, it is certain to continue.”
Repeatedly throughout this crisis, the powers that be are being allowed to frame the events leading up to, during, and after the crisis as mere “mistakes.”
The word “mistakes” should be banned from the lexicons of the powers that be who are rewriting the history of this crisis as just one big mistake, it is a dangerous,vague, inaccurate, and disingenuous word to the public.
To view the Senator Dodd and Christina Romans video clip:
Recent articles from this author
- Medicare Reports It Will Reach Insolvency 5 Years Ahead of Schedule - Friday, May 13, 2011
- Lobbyists succeed in Gutting Dod-Frank Financial Reform Mandate to Cap Credit Card Fees - Wednesday, March 30, 2011
- Behind Todays +2% Rally in the Financial Sector: A 27 page Fraud-Closure-Gate Bailout by 50 AGs to the banks - Tuesday, March 08, 2011
- Our New Jobs Czar Jeffery Immelt Has to Change Existing Tax Incentives to Achieve Otherwise Impossible Goals - Thursday, January 27, 2011
- The Stock Market is Unhinged from its Fundamentals - Wednesday, January 19, 2011
About the author
John is a professional financial market analyst and trader, Commodity Trading Advisor, and a member of the Market Technician’s Association. John began his financial career in 1994 working with trading groups in the SP500 and 30 Year Treasuries at the Chicago Mercantile Exchange and Chicago Board of Trade. In 1999-2000, John joined Beardsley Capital Management, an equity hedge fund. In 2000, John launched his financial newsletter, Structural Logic. The newsletter is a risk management tool for the clients John consults with, providing them with research and insights into market behavior they can use in their own investing and trading. Structural Logic’s mission is to meet both the informational and educational needs of hedge funds and money managers, professional investors and traders. John is also the author of Riding the Storm Out, a book on the 2008-09 financial crisis and what investors and traders can do now. In September 2001, John published “Don’t Fight the Fed, You Just Might Win” in Futures Magazine when Fed Policies were clearly not working as intended. In May 2001, John published “No Cure for Mad Dow Disease” in Futures Magazine. Excerpts of my financial newsletter have also been quoted in Barron’s weekly magazine in 2006 and 2007. One wealth management client has introduces John to his investors as his “secret weapon.” Another client calls John ‘the mad scientist.’ During the worst stock market crash in our lifetime, a hedge fund client emailed on Nov 11 2008 to say: “Hey John - I just wanted to say your work has been awesome the last 6-8 weeks. Outstanding job, Bill” Financial Blog at Successful Trading Tips
In July 2007, as an adjunct to the Structural Logic financial newsletter, John began a financial blog called Successful Trading Tips. This blog is all about the economic policies that shape our financial markets destiny. I am also a frequent guest contributor to ZeroHedge.com, another well-known financial blogsite. Riding the Storm Out
Published in February 2009, Riding the Storm Out is a timely title on the financial crisis and what investors can do now to hedge the risks that lie ahead. Educational DVD’s: Behavioral Finance Modeling and Trade Outside the Box
Published A 75 minute educational DVD Behavioral Finance Modeling in Atlanta, June 2009 and a three hour educational DVD called Trade Outside the Box for traders and investors published at the Chicago Mercantile Exchange July 2009. Education
John received his B.A at St. Olaf College in Northfield MN – 1985. The bulk of John’s financial and economic background now comes from over fifteen years of self study and mentoring amongst professional peers and clients. John is well acquainted with the most relevant cutting edge financial and economic research coming out of Wharton's School of Business and the University of Chicago.
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