Why Stay in Afghanistan?

I don't buy that we are planning to leave American troops in Afghanistan for ten more years because we are afraid of terrorist attacks originating there.  Al-Qaeda and Osama bin Laden set up operations there because it was a weak state out of the public spotlight.  Today there are many other countries in a similar situation -- Somalia, Mali, Libya, and others.  The Taliban pretty much hate Americans, but there are lots of others around the world who feel the same.

On the other hand, Afghanistan would be a useful base of operations for an invasion of Iran next door.  The decision to keep troops in Iran probably has more to do with American and Jewish hatred of Iran than it does with the security of Afghanistan.  It's not enough to appease Netanyahu for a US-Iranian nuclear agreement, but it's better than nothing.

JP Morgan and Dimon Guilty

During the 2008 financial meltdown, JP Morgan was often portrayed as the best big bank and the one most willing to work with the government to relieve the crisis.  That is probably true, although Wells Fargo seems to have been relatively safe, too, if less interested in helping the government.

The recent settlement between JP Morgan and the government indicates that even the best bank was not very good.  It was up to its ears in bad transactions for its customers and investors.  It was creating the selling the junk that led to the financial crisis and that destroyed the savings of many home buyers.  Jamie Dimon, the best of the big bank CEOs, turns out to have been pretty dirty.  Something is rotten on Wall Street.  During the recent stock market run-up to Dow 16,000 banks have been among those leading the way up, despite the fact that they seem to be corrupt.  This and the recent insider trading convictions/settlements, like SAC's, indicate that most of all of Wall Street is dirty, and thus likes their fellow dirty institutions, like the big banks.

This is not unusual; it happens in all countries where greed gets out of control, but it's unfortunate that it is happening to the US now.  It's just another sign of decline.  In a better country, the government would have reacted and reined in the miscreants.  In this huge fraud, the profits from these illegal trades are so big that even a multi-billion dollar settlement is just a slap on the wrist.

Tom Friedman on Israel and the US

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.

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.