The financial community is well aware of the “too big to fail” policies that dictated the 2008-2009 bailouts. However, that sort of mindset is far more pervasive than you may think. In NYC, crime statistics are fudged all the time, in order to show reductions in violent crimes. People are coerced to withhold charges, just so some dicksucking Captain can take credit for “kick ass” precinct stats.
The NYS school system practices fraud on a grand scale, passing kids to make Principals look good. The NYS Board of Regents found a shocking amount of students got exactly 65 (min. passing score) on their exams. Upon further examination, the grades were changed by teachers to give idiot kids passing grades.
So, the next time you faggots from the media decry the great crimes of Wall Street and how fucked the industry is due to bailouts, why don’t you take a look at the failing public education system instead? Perhaps if we targeted the root problem (education), future generations will not paper over these problems (social security) and instead try to fix them.
Because of the success of past generations, Americans have a sense of entitlement when it comes to winning. When we do not win, the very notion of failure is too great to accept, so we paper over. Asshats!
As for today’s tape: WOW, SHOCKER, there is inflation. If we reverse yesterday’s gains, prepare for an ugly as fuck tape. I will be patient with my positions, as I have been, and wait for the dip buyers to step in.
More later.
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iBankCoin…is to big to fail!!!
The V.King says:
June 15, 2011 at 8:15 am
Mr. Fly
Why don’t we just allow 50 or so Vermont State troopers to conquer Canada and sell the land to China?
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TraderCadddy says:
June 15, 2011 at 8:34 am
Because the Vermont State troopers do not own weapons (even Canada laughs at them).
They carry eco weapons of mass destruction like biodegradable plastic bottles.
Their main purpose is to ensure compliance with the “Hippie” and “Green” mandate as handed down by the Marxists and Socialists that live in Vermont’s communes.
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The V.King says:
June 15, 2011 at 8:52 am
Alright then, so send in the Plattsburgh Auxilary police force and the University of New Hamphsire’s marching band to finish off Canada then. We’ll corner the maple syrup market and drive up prices to pay for Obama’s recession…brilliant.
Oh may one of Obama’s supporter’s explain something to me. He ran his last campaign on hope and change…he was the anti-George Bush right? My question is why was it wrong to invade Iraq, but o.k. to bomb Libya? and Yemen?
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The V.King says:
June 15, 2011 at 9:00 am
Oh and if you have time explain why we’re not helping Syrian civilians who are getting slaughtered in their streets (1,400 dead, 10,000 arrested, countless wounded) but we are protecting Lybian rebels who want to over throw their government and took up arms to do it….
I know that Lybia supplies Europe with up to 80% of it’s oil, (but that would be something George Bush would do…right?) Love to hear all intelligent response(s)
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Syria is extremely anti-israel and a terror state supported by Iran, so Hussein Obama LOVES them and won’t oppose Assad; Libya’s rebels, on the other hand, are mostly AlQaeda terrorists so Obama is bombing Libya. He only supports America and Israels enemies, thats why he opposed Mubarak and Yemens king, but stays silent on Syrias ruthless murdering dictator, Assad.
Wow, your brainwashing must have cost a fortune and a lot of time.
Syria’s uprisings have been financed by the US govt, on behalf of the central bankers. We even have a radio station in Syria that has fomented the uprisings there.
Instability in Syria = opportunity for central bankers.
The only thing holding things in check are the Saudi oil families.
Yeah, ’cause Syria is so rich in natural resources…
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Marching band? Whats that all about??
Triangle player, Collinsville HS Cougars 1996-97
With that type of resume we will make you the new P.M. of Canada
Libya isn’t directly about oil. Gadaffi had already changed over to accepting Euros for oil (Like Saddam was trying to do), and Gadaffi was about to change to accepting only precious metals and hard goods in exchange for oil instead of fiat of any kind (after the banks simoultaneously stole/lost billions for him in an instant. Google “Gadaffi Conoco Euro” “Gadaffi gold dinar” “Gadaffi JPMorgan” as starting points. It’s about ‘Merican hegemony. If some upstart poor country thinks it can make something of itself (independent of heavy handed US hegemony), then they get blown the fuck up. It’s fucking retarded, but its what the international banksters who control Obama want him to do.
But what about “Hope” and “Change”?
obama gave it to ya,” hope you can find a job” and “change from middle class to welfare”. wa-la, your done.
King? More like Fart the Messenger Boy.
what if dip buyers don’t step in until we are 30% lower? whoooopps…
So $30,000/year plus constant harassment for donations will fix that at a private school? Wait until you see how easy they pass kids there because they don’t want to piss off the paying client.
Not true. Idiots are not permitted in certain elite pvt schools, only elite students.
I second that. The private schools are supposed to match rug rat abilities. If they aren’t keeping up parents are kindly asked to find a better suited school. I witnessed that happening lots of times in NYC.
What about Dubyuh? Certainly an idiot. And went to elite private schools.
Says the brain surgeons at MSNBC, Democrat Underground, Puffington, KosKids and other abodes of the mathematically challenged.
Yale may have been a legacy deal, but Harvard Bidness school was never easy.
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George W’s “act” was just that. That man, and is family, are smarter than any ivy league “fund.” Writing history is beyond the scope of “greed” or “wealth.” Mark my words: your grandchildren will buy food with currency that has George W’s bust on it. Bank that.
Why do you choose to live in NY?
30k a year for elementary school.
What total and complete fucking nonsense.
You need to get the hell out of there while you still can.
it’s all relative to income.
Does it stratify the classes (smartest class, smartish class, kinda smart class, a little better than population average class)?
I disagree. Yes there are a few idiots in elite schools, but they are a reflection of their rich parents, and they often do not last long.
The standards at elite boarding schools (at least the one I attended) exceeded most of what I became aware of in university. No contest, failure is not papered over at elite schools, and they will kick your ass to the curb if you can’t get it together. That is no matter who your parents are.
All I can say is, “fish on the line”.
Bush the Idiot at YALE? Case closed.
Obama, the smartest President of all time (according to the media) at Harvard? Now the case is closed……
Both were afforded a form of affirmative action.
One thing that’s curious — we know what Bush’s grades, honors and even SAT scores were (as we know Al Gore’s and John Kerry’s — both worse than Bush, btw).
… and yet, we have no idea what Obama’s academic record looks like. Odd, no?
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JIG = Voice of reason.
And what percentage flunked out? I bet it is low, and it is not because their enrollment process is so rigorous.
When I went to engineering school, the first day they said, “look to left of you, look to the right of you…one of you won’t make it”…now that’s competition.
As it should be. (I’m with you: engineering master’s degree).
The enrollment process is very rigorous, and with a waiting list they can pick and choose. I would suggest that this fact alone improves the odds of a higher quality group. Plus you will also note that due to fundraising they are able to take on students with resources that would otherwise exclude them from the school.
2 thumbs down for my previous post? Must be a couple of drop outs.
Envy is an ugly thing.
And the engine for some really nasty political parties, not coincidentally.
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The guys in Engineering were some of the smartest and craziest guys I met in University (including my roomate who was brilliant); but the reason that they tell you that is for 2 reasons: 1) many engineering students have the social skills of an unsharpened pencil, and (and perhaps because of that), 2) they took alcoholism to a new level at every opportunity. When you drink a pitcher, go to the can to puke…so that you can come back and order another one, that is known as excellence as a drinker, but bad for your marks as a serious student, particularly in engineering.
The guys who make it don’t require AA meetings when they are done.
One time, in band camp…
My engineering school said “two of you won’t make it”.
Engineer? haha hehe. I read about those doctor’s offering cosmetic lobotomies. Something like this?? Lol. PP. A joke. Haha! Your mom du(…ude), keep smiling and living in her basement.
This is the correct answer. Until the fat ass narcissistic soccer mommies start acting like China Mommie it won’t matter where the little fucking brat go to school. Mommies don’t want their puppies to work and the daddies got no nads so guess what, we’re fucked.
Best photo of the year.
http://www.businessinsider.com/mark-cuban-trophy-urinal-photo-2011-6
Thank god I am mostly in cash…I was kicking myself yesterday.
I concur, ‘100 percent’.
The school system is at fault?
Wait a sec, I thought it was the government who forced the “Leave No Child Behind” Act (a.k.a. weapons of mass passing) onto the boards.
Perhaps if you smoked less pole, your thought process wouldn’t be so muddled.
Part of the problem is your uninspiring space program. Apollo got tens of thousands of wannabe astronauts into science and engineering every year. The resultant technology businesses and economic efficiencies garnered from them was a huge part of the economic growth from the 1970’s onward. Now they are mostly risk averse old duffers, and a good portion of the younger ones that do remain are sucked into the oilpatch, lured by the great money and perks. Now you are lucky if your kid wants to go get a psych degree then work as a barista.
I only dissent in part, as LeFly’s mentioned, get a guaranteed Obama gov. job and become a union leader.
; D
Can you try that again but make it understandable?
I prefer enigmatic satire. Thanks for offer. Subliminally, folks get it, sometimes it takes months, or years as the case may be, for the revelations to process.
Many of these kids are idiots, in part, because of the culture in their neighborhoods.
My wife has taught writing for a number of years in a low income school.
Learning is secondary to being entertained and being cool.
Many don’t know who their father is and if they do they are on probation or in jail.
There are a number of smart kids there but they get made fun of and are bullied if they show any interest in school.
Most believe they will be in the NBA or NFL some day (MLB- nada interest).
Throw all the money you want at the schools, but it will never change unless the culture does- and it probably never will.
I’ve said it before…All these kids need is some “Hope” and “Change”…
Damn, was that you?!?
Good students and good education always comes back to the parents involvement. Don’t think that spending a bunch of money, private or public, is going to relieve you of those duties. And involvement is not about complaining when your kid gets a bad grade.
Nothing like breaking out the calculus book again for a refresher, 30 years after you thought you’d never see it again!
Buying opportunity / short covering opportunity except in the PM’s.
Greece still does not matter — even if the fucks on CNBC have nothing else to report about…
Parents let the TV babysit their kids for hours and hours, then expect some school or the village to fix them.
In NYC elite private schools, lots of scholarship money is earmarked for “diversity” programs, same as colleges. So you actually do have uber-rich failures being tossed, while NAMs are coddled.
just noticed the quote at the top,
“I’ve seen the future…
and it has lower stock prices in it.”
duh! when did that change?
Public school: avoids failure by fudging test score to boost some laggard students over the minimum score
l33t private school: avoids failure by screening out non-legacy laggards, leaving them in public schools, and then later dumping any laggards that make it past the screen – sending them back to public schools.
Pick your results, or pick your student body.
Some private schools may engage in that practice but many do not. All of my kids go/went to a private school and I can tell you that along with kids from wealthy families, there were also many there who had to scrape every month to come up with the tuition. There were many kids you would classify as being of average intelligence. They received just as much attention and input from the teachers as the star students or those from wealthy tribes.
Selecting students based on snobbery or the material means of the parents is reprehensible. The kids need to learn about getting along with all social strata and working with peers who have different backgrounds interests and intelligence. Otherwise you wind up with an educated idiot. Much like Obama.
Kids these days are complete sociopaths, just like their moms; completely neurotic and too many are on psych meds. Their future is fucked.
SPX 1250 is taking it’s time, sucking in the momentum players while the whales and institutions sell into the “bounces”.
You have to be able to read and write in two languages fluently to go to my daughter’s private school. I totally agree with Fly and while I am not the same @tw above….I agree there too.
Sorry wife, don’t take this the wrong way, but speaking two languages is not a sign of intelligence…but it is a sign that the parents are probably foreign.
Our public schools are now offering Chinese/Mandarin. Guess who takes the class? All of the Chinese kids who already speak the language so that they can get an easy “A” and pump up their GPA.
And kids of parents with the foresight to prepare their spawn to communicate with their future overlords. /sarc
You mean Chinese, or Klingon?
Lol. My brother is a marching band instructor who yells commands at his high-school kids in Klingon.
I didn’t just say speak two languages – I said read and write in two languages. The school is amazing and plenty of the families are 100% American with parents who don’t speak the second language but kids who are fluent. I am not talking about any bi-lingual school and certainly not public school, because they suck! This particular school is fantastic and you don’t find too many “fantastic” public schools. Also, there is something to be said for learning more than one language as a child…it flips a switch in the brain that tends to make kids more successful in other areas. There have been studies. I am not making it up. Also will add that at this school, the popular kids are the smart kids with the best grades, so the culture supports enrichment.
Quel est la autre langue?
My public school system growing up was pretty bad ass. Our school system at the time was rated in the top 20 nationwide.
I was much better prepared for university than my private school counterparts.
I am convinced PP liked his male school counselor too much. Du(de), find a friend. I’ll back-scull-jerk you if you get near me.
A big problem is that they don’t pay teachers based on student performance. If half of a grade one class doesn’t know the whole alphabet by the end of the year, is the teacher really doing their job?
Bigger problem is they can’t fire the 10% bottom worst teachers. Daughter has had some wonderful teachers, (grades 1&4) and some that sucked. (grades 2&3).
There are bonuses of various sorts in use, but measuring performance is very difficult.
You can’t simply set up a pay scale based on end-of-year test results. Children are not widgets, entering the classroom as uniform objects with no history. If you paid teachers based on test results, pay would be the worst at the schools where it is the most difficult to teach and where we need the best teachers.
What you need to measure is value added. Again, not so easy to measure. Even if you isolate the problem to a single child who took a standardized test the year before, how do you determine the value? If you bring a 25th percentile child to 32nd percentile, is that more or less value added than moving a 96th percentile to the 98th? When you expand the problem to a full classroom, you introduce more variables. How do you judge value added in a room of 24 students versus a room of 28? What about the classroom with the borderline autistic student? Strep hits during testing week? A classmate gets killed by a car in front of the school 2 days before testing?
Send that teacher to a richie-rich school district to teach for a year; and bring the teacher
from the richie-rich school in to teach for a year at the “poor performance” school.
Then tell us “who is doing their job”, and pay them accordingly.
What’s a joke in my school district is that (of course) the richie rich (public) schools do the best, no matter who teaches there (hint, it’s the culture/parents as TC alluded to above), yet the district lets those jobs go to “senior” teachers with the most experience, who are looking for a cushion to wind into their last ten years of pre-pension.
So the most experienced teachers are not in the schools that need them most…
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Yeah, schools exist for the benefit of the teachers. After toiling away for 15 or more years perhaps a teacher earns a cushy job. They have politically powerful unions to cover their asses. Teachers are angels.
A correspondent to this board suggests …………….. Idiots are not permitted in certain elite pvt schools, only elite students. Can an elite student not be an idiot? What is an idiot? Well, the customarily used definition includes -a foolish or stupid person. So, what is a stupid person. Standard usage is to describe a person who exhibits poor decision making, makes careless mistakes, acts stunned, dazed or stupefied, is viewed as pointless, worthless or, foolish. Sounds possibly like any one of several people from Exeter, Harrow, the U.S. Congress, etc.
Monkey told yunz that the countries with fat people would get skinny, and the skinny people countries would get fat, I’m not alone:
http://www.reuters.com/assets/print?aid=USTRE75E3LS20110615
Put it this way. If you live in a country where fucked people drive around on electric skooters paid for with middle class taxes, you’re fucked. Your paper currency will be worth less that ass-wipe paper.
Good points. My kids are too young to be in school yet, but I get the following impressions:
Please feel free to critique/add.
1) Schools with a good history/culture of academic performance are preferable.
2) Stratified schools are prefereable (similar capability kids go in the same classes)
3) Schools with a strong parent volunteer program are preferable.
Send your kids to a private school in Singapore.
Just remember. YOU matter more than the school! And, your school points are valid.
test
Just realized there is a threshold for the “this comment is on fucking fire” to be added by the iBC system automatically to your post, including the pink background…very interesting.
You “just realized” that?
You’re not a building inspector, are you?
😉
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good one! I love Holmes on Homes.
ha! good one…
Almost as observant as the guy who just noticed “lower” in header!
This market looks like it’s gonsky.
CNBC was reporting that under CDS rules Greece is about to default.
There is no grease in this ass raping
LOL
So much for that bounce…HAHAHAHAHA
I teach college at a school with a 15% acceptance rate, and I can attest that grade inflation definitely goes on. Having said that, however, I’ll fail anybody who doesn’t do the job – and for a lot of these kids who are used to straight As in high school, it’s a real shocker when they no longer have a 4.0 GPA and they complain about getting B-, which I think tells you something about what’s going on in high schools in this country.
Today we put in the low as all those with hairy backs arch backwards and howl, and those option mongers prepare to rack in everyone’s chips.
Just sold my Qld short…
Mr Fly, I have been an avid reader of your posts for going on six months. I am a complete wuss without enough knowledge, balls, or conviction to actively trade the market. Instead I rely on my “Financial Advisor” to bury me in fee loaded mutual funds.
However, I find this post to be one of the most perceptive comments on what has our country jacked up beyond belief. Bravo sir. Bravo.
UUP looks good to around 21.9 – 22.00 at which point I’ll take some off, continuing to hold my IWM puts until earnings season.
Today we will put in the low as all those with harry backs arch backwards and howl and those option mongers prepare to rack in everyone’s chips.
Just covered my QLD short…..thank you very much!
Trust me, shorty ain’t done gettin’ it!
http://www.youtube.com/watch?v=8aScLKxAVXI
Get off my Bach,mann!