Tom Friedman's column in the November 13 NYT made many of the points that I worry about. I worry that the US is inclined to worry more about Israel's security than America's security. It's interesting that these points are made by someone who is Jewish -- certainly ethnically, maybe religiously, I don't know. He says we (the United States) are not just lawyers hired to negotiate with Iran on behalf of Israel and the Sunni Arab states. We have our own interests to protect. It's ironic that he makes this point while many conservative, Republican politicians seem much more concerned about Israel than they do their own country. And these conservatives ignore the fact that the positions they represent are those of Arab countries that have been generous (unofficially) to terrorists and who are sponsoring some of the most objectionable factions in the Syria fighting. It reminds me of the "Charlie Wilson's War" movie in which he says that he is kept in office in his quiet Texas Congressional district by Jewish money from New York. All he has to do is support Israel and protect his constituents right to bear arms. Otherwise, nobody cares how he votes.
I don't understand why many conservatives support Israeli interests over American interests. It's like that book, What's the Matter with Kansas, looking at why Kansans typically vote against their own personal interests in favor to some political theory that generally works against them. I am glad Friedman calls for Americans to look out for their own interests, but I'm not sure whether we will or not.
Meanwhile, Roger Cohen defends the French position at the Iran talks, in which they blocked an agreement to the delight of the Israelis and the Sunnis. He argues that the French are pursuing a hard-line, aggressive foreign policy across the board, while the US in wimping out. There may be some truth in this, but I am not convinced. I still think that France was influenced by Jewish/Israeli pressure to block the agreement, like conservative, Republican, American legislators.
Friday, November 15, 2013
Monday, November 11, 2013
Insider Trading by SAC
The insider trading agreement with SAC (Steven A. Cohen's hedge fund) shows how common insider trading is on Wall Street. These guys are not so smart; they are crooks. The stock market is not a level playing field, and the SEC has fallen far behind in trying to make it level. To some extent the Republicans under Bush and Cheney tried to tie the SEC's hands, but the bankers and hedge fund managers have been successful in lobbying everybody, Republicans and Democrats, to let them run amok, except maybe Elizabeth Warren. She is an honest woman who scares them to death.
Of course that means it's hard for small investors to trade in this market, because the insiders can make it turn on a dime, leaving main street behind holding the bag. The policemen are asleep. There have been several successful insider trading prosecutions, but that only shows how widespread the problem is. For every successful prosecution there are probably 10 or 100 traders who have not been caught.
Insider trading is only one aspect of the corruption on Wall Street. The 2008 debacle caused by worthless securities based on morgages showed there is lots of dishonesty in the securities business. Salesmen and traders for the biggest banks, Goldman Sachs, JP Morgan, etc. were dishonest about what they were selling. In most cases they new they were selling junk, and they sold it anyway.
Insider trading is only one aspect of the corruption on Wall Street. The 2008 debacle caused by worthless securities based on morgages showed there is lots of dishonesty in the securities business. Salesmen and traders for the biggest banks, Goldman Sachs, JP Morgan, etc. were dishonest about what they were selling. In most cases they new they were selling junk, and they sold it anyway.
60 Minutes Benghazi Retractions
60 Minutes' retraction of its Benghazi report shows what a mess Benghazi was. This is months after the attack and CBS still got it wrong. So, it's not surprising that Susan Rice might have gotten something wrong when she appeared on TV news shows just a day or so after the attack. The Republicans no doubt blame the State Department for hiring low quality people to defend Benghazi, but I blame them for forcing the government to outsource almost everything, including security for embassies. Of course, Benghazi was not an embassy; it was not even a consulate. It was some kind of special purpose cover mission for some wild, crazy CIA activities in Libya, which were run not out of the mission building, but out of some safe house a few blocks from the embassy. The CIA officers were clearly the Keystone Cops in this operation who let Ambassador Stevens die through cowardice or incompetence. The CIA station chief in Libya should be censured and fired. The head of Blue Mountain Security should be no longer be allowed to do business with the US government, since the lying security agent who spoke to 60 Minutes worked for Blue Mountain. This is a scandal, but not for the State Department; it's a scandal for the CIA which failed to come the Ambassador's aid and for the Republicans who failed to fund adequate security for the Benghazi mission, forcing it to outsource its security to a bunch of unknown, worthless foreigners.
Israelis at Iran Negotiations
I think it is likely that the French were acting on behalf of the Israelis when they blocked an agreement on Iran's nuclear program. A newer NYT article puts some of the blame on the Iranians, which is no doubt partly true, but it is most likely that Jews -- French, American and Israeli -- threw a monkey wrench into the works. Today's NYT article reports that US delegation head Wendy Sherman flew immediately to Israel to brief Israeli reporters, but refused to include US reporters stationed in Israel in her briefing.
I worry that the French delegation at the Geneva talks on Iran was representing the views of French Jews, who have a lot of political influence in France. It indicates that in France, as in America, many Jews have divided allegiances between their home country and Israel. Years ago, France was instrumental in helping Israel develop its atomic bomb program.
I worry that the French delegation at the Geneva talks on Iran was representing the views of French Jews, who have a lot of political influence in France. It indicates that in France, as in America, many Jews have divided allegiances between their home country and Israel. Years ago, France was instrumental in helping Israel develop its atomic bomb program.
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