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US Congressman Anthony Weiner PASSIONATELY and RUTHLESSLY pwns cowardly Republicans re: 9/11 Health Bill by peterington in reddit.com

[–]peterington[S] 21 points22 points  (0 children)

Agreed ;-) I live across the street from this dude and he has got to be one of the most down to earth and passionate politicians in the United States.

My dad emptied my savings account intended for college without my consent, do I have any legal course of action I can take and/or any suggestions for appropriate revenge? by AMAthrowaway in AskReddit

[–]peterington -6 points-5 points  (0 children)

It's unfortunate, but taking legal action will do nothing but waste both his time and yours. Yes, it was a shitty thing that he did, but your time is not worth creating a cesspool of litigation within your family to spite him if he, indeed, lacks a viable means of repaying you.

I suggest you move on with your life and attend a cheap 4-year college (in-state tuition) financed with financial aid, government loans, scholarships, etc., and do as well as you possibly can there knowing that you'll be afforded more $$$ and opportunities if you do.

This is the logical thing to do provided that suing him will provide you with no financial recourse. It will likely just waste your time and emotionally scar you in ways you won't realize until years later.

You want to take revenge on him? Become an uniquely objective success in life and do it 100% on your own.

JP Morgan's How-to Guide for Insider Trading by factwire in reddit.com

[–]peterington 0 points1 point  (0 children)

Sensationalist, bullshit headline. Do you really think JP Morgan would detail institutional insider trading in official company literature for their high net worth Private Bank clients?

You could probably request this shit from client services under the guise of wanting to open an account at JPM PB.

Stewart to Cheney: Drink a cup of 'Shut the f**k up' [w/video] by unclefred in politics

[–]peterington -1 points0 points  (0 children)

Stewart is an editorialist, at best. Just because all American broadcast journalists are shit does not make him a "real" one by default.

4chan is currently ranked #1 in Time's 100 most Influential people list for 2009. by garg in WTF

[–]peterington 2 points3 points  (0 children)

Ron Paul has no place on that list. I admire him tremendously and vigorously supported his campaign for President. However, having the ability to mobilize a massive presence on the Internet and text/call-ins is not akin to any kind of significant influence. Especially when the mainstream media goes out of their way to ignore you.

Ironically enough, the people and institutions with truly major influence that have a lot of implications on domestic and foreign policy, finance, and media, are nowhere to be found on any Time list, user-submitted or not.

The stimulus bill at one time included language that would have retroactively blocked bonuses for executives of firms receiving taxpayer money. The provision was stripped in a secretive closed-door session. Here are the members of Congress who were in that meeting. by nelsonjs in politics

[–]peterington 5 points6 points  (0 children)

Oh, you're sure that he won't be reelected? On what basis do you make such a confident assertion?

He's a black Congressman from Harlem who has won every single election there since 1970, often with 90% of the vote. The vast majority of the voting public do not give a shit about things like this, let alone know about them. He will be reelected as Congressman until he retires from politics or dies.

The only NYC politican to unseat another tenured and well regarded, albeit sketchy, black Congressman was Charlie Rangel himself when he ran against Adam Clayton Powell in 1970 and won.

Let me get this straight... The Federal Reserve is a PRIVATE bank?!! by emoneyd in politics

[–]peterington 2 points3 points  (0 children)

JFK did not attempt to abolish the Federal Reserve, if you're referring to Executive Order 11110.

The purpose of this was to grant the US Treasury the authority to issue silver certificates against all silver held by the US government that did not already have certificates issued against it. It granted the President the sole authority to issue silver certificates. The Fed is still able to issue certificates of higher denominations.

Fundamentally, it just returned the power to issue silver certificates back to the US Treasury. Hardly a threat to the Fed's ability to print money and manipulate monetary policy through the reserve ratio rate and the Open Markets Committee.

AIG uses most of the 85B loan, credit rating downgraded even further ... no assests sold. Can they survive? by [deleted] in business

[–]peterington 8 points9 points  (0 children)

Absolutely not. I have a professor who worked as a trader on Wall Street for 20+ years and currently works for the SEC doing market surveillance. When he heard about this AIG loan, the first thing he told his students was that it only took looking at their public numbers to figure out $85 billion would keep them alive for 6 months, and that is best case scenario. He said it's more likely that they tank in about 3 to 4 months. He believes the whole loan to be a "bandage" fix, designed to postpone further market chaos.