davidl on March 11th, 2014

On the bright side, this would be the wake up call for Senator Diane Feinstein massive apathy to the Obama regime’s whole disregard for privacy.  On the factual side Feinstein is just not all that bright, from the Washington Post: Chairman Dianne Feinstein (D-Calif.) accused the CIA of secretly removing documents, searching committee-used computers and […]

Continue reading about Don’t Cry for Me Diane Feinstein

Dianne Feinstien’s wet dream to ban ugly weapons, yet again, has died a well deserved death at the hands of none other than Dirty Harry Reid, from Politico: Sen. Dianne Feinstein (D-Calif.) said on Monday that a controversial assault weapons ban will not be part of a Democratic gun bill that was expected to reach […]

Continue reading about DiFi’s Assault Weapons Ban Dies Well Deserved Death.

Aside to Dianne Feinstein the reason ts magazine limits are fine for ducks, is that duck don’;t fight back, and the Second Amendment has nothing to do with duck hunting.    God made Men and Colonel Colt made them, and women equal., horrific 911 video  (NSFW: Hat tip video: Right Scoop Note that the Indiana woman […]

Continue reading about Second Amendment: Hammond, Indiana Woman Shoots Perp, Saves Her Own Life.

When Dianne Feinstein’s  ( D – California )fellow Californian got Alzheimer’s disease, he made one last public statement, and retired from public life  from Bob Owens: San Francisco’s senior senator has apparently taken a sad psychiatric turn. Always questionably progressive, she’s now also apparently starting to suffer the effects of some sort of degenerative mental […]

Continue reading about Dianne Feinstein: All Beef Patty Short of a Quarter Pounder.

Hoplophobes, don’t mere live in fear of the Second Amendment.   They fear that you might live.   Dianne Feinstein, and Andrew “Mario, Jr.” Cuomo, don’t believe that anybody needs a standard capacity magazine.  Joe Biden thinks a shotgun will suffice for self-defense.   On the other hand, Big Ss, b/k/a Janet Napolitano thinks  her folks need an […]

Continue reading about Second Amendment: Big Sis – 1: Strutting Delaware Blue Hen – 0

Brian Nygaard on April 27th, 2010

Crisis On Wall StreetWhen Senator Levin says “Goldman made a lot of money by betting against the mortgage market” what do we think he might have meant?  Knowing some of the political philosophy of the esteemed senator from Michigan, it is obvious that his inference was that Goldman was acting in a fashion that was either illegal or immoral.  How could any American institution bet against motherhood, apple pie or the American dream of universal home ownership?  And certainly the notion of ”making a lot of money” is of dubious quality on its face.  The Senator is literally screaming “These people are the enemy of the state, and they need to be leashed, or chained, or imprisoned, or tortured…all for the good of the system of the people.”

It is always amusing when a single statement contains such a large number of fallacies.  Let us count the ways.

First, Goldman was acting in their role as an investment broker.  Everything they do is essentially either a bet for or against something…or the facilitating of someone else doing the same thing.  More technically, they are simply acting as brokers, and not as agents. Agents represent a buyer or seller.  Brokers facilitate the transaction. This is the “market mechanism” and it is what guides the whole system of the effective allocation of resources.  It is fundamental to our material progress.  As significantly, if people [...]

Continue reading about Levin V. Goldman: Big Solution For a Big Problem?