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	<title>Comments on: Ponzi Jr Facing 10 Years</title>
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	<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/</link>
	<description>Real Estate, Economics, and Politics</description>
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		<title>By: kettle1</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333428</link>
		<dc:creator>kettle1</dc:creator>
		<pubDate>Sat, 17 Oct 2009 12:53:25 +0000</pubDate>
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		<description>PGC

&lt;i&gt;The states are the biggest flaw in this system of Gvmt.&lt;/i&gt;

I disagree.  Your proposition would work assuming we had a primarily homogeneous society.  However, the USA is a highly heterogeneous society.

The states arrangement works better in a heterogeneous society as it allows different groups to adjust local rules to better fit their culture/ideas while still being part of the whole.  The extra degree of freedom the states arrangement allows in a heterogeneous society prevents a build up of social tension better opposing groups.  It doesnt prevent it, but it does mitigate it.</description>
		<content:encoded><![CDATA[<p>PGC</p>
<p><i>The states are the biggest flaw in this system of Gvmt.</i></p>
<p>I disagree.  Your proposition would work assuming we had a primarily homogeneous society.  However, the USA is a highly heterogeneous society.</p>
<p>The states arrangement works better in a heterogeneous society as it allows different groups to adjust local rules to better fit their culture/ideas while still being part of the whole.  The extra degree of freedom the states arrangement allows in a heterogeneous society prevents a build up of social tension better opposing groups.  It doesnt prevent it, but it does mitigate it.</p>
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		<title>By: kettle1</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333424</link>
		<dc:creator>kettle1</dc:creator>
		<pubDate>Sat, 17 Oct 2009 12:47:27 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333424</guid>
		<description>PGC

&lt;i&gt;at the end of the day the place you live will determine the quality of the “free” education your child gets. It will cost more to rent in my Blue Ribbon town, than Patterson, a few miles away, and the difference in the schools is immense.&lt;/i&gt;

This more attributable to the parents and the local culture then the physical location.  The culture issue is a complex one, but it has been shown time and again that money does not solve this problem.  if that was the case camden, newark, patterson etc. should be world class school systems.

What we see in the performance of schools is the natural self segregation of the different segments of society based on their ability to succeed in their given environment.

Regardless of race or culture, a successful individual is going to live in Brigadoon before they live in patterson.  That success is what enables them to live in Brigadoon.

While not common there are plenty of examples of poor parents who have highly valued education and personal advancement and support/drive their children to learn and excel, allowing them to move up in the socioeconomic food chain.

In the end its a combination of luck (where you are born and your parents attitudes) and hard work, drive to excel.</description>
		<content:encoded><![CDATA[<p>PGC</p>
<p><i>at the end of the day the place you live will determine the quality of the “free” education your child gets. It will cost more to rent in my Blue Ribbon town, than Patterson, a few miles away, and the difference in the schools is immense.</i></p>
<p>This more attributable to the parents and the local culture then the physical location.  The culture issue is a complex one, but it has been shown time and again that money does not solve this problem.  if that was the case camden, newark, patterson etc. should be world class school systems.</p>
<p>What we see in the performance of schools is the natural self segregation of the different segments of society based on their ability to succeed in their given environment.</p>
<p>Regardless of race or culture, a successful individual is going to live in Brigadoon before they live in patterson.  That success is what enables them to live in Brigadoon.</p>
<p>While not common there are plenty of examples of poor parents who have highly valued education and personal advancement and support/drive their children to learn and excel, allowing them to move up in the socioeconomic food chain.</p>
<p>In the end its a combination of luck (where you are born and your parents attitudes) and hard work, drive to excel.</p>
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		<title>By: freedy</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333411</link>
		<dc:creator>freedy</dc:creator>
		<pubDate>Sat, 17 Oct 2009 10:51:12 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333411</guid>
		<description>ridgewood: your a high end guy grim .

i went to garfield</description>
		<content:encoded><![CDATA[<p>ridgewood: your a high end guy grim .</p>
<p>i went to garfield</p>
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		<title>By: grim</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333408</link>
		<dc:creator>grim</dc:creator>
		<pubDate>Sat, 17 Oct 2009 10:30:38 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333408</guid>
		<description>&lt;I&gt;“ABC 6:00 local news ran a story about the retail shops on Ridgewood Ave. in Ridgewood. 36 shop have vacancy signs. That’s 36 shops that are gone.”&lt;/i&gt;

Went out to eat last night, one of our favorite spots is Malee in Ridgewood.  IMHO, the best Thai around.

Packed!  The wait started at 7pm and never ended.

What recession in Ridgewood.

Of course, you probably could classify Malee as cheaper eats.  The fancy french place next door was a ghost town.</description>
		<content:encoded><![CDATA[<p><i>“ABC 6:00 local news ran a story about the retail shops on Ridgewood Ave. in Ridgewood. 36 shop have vacancy signs. That’s 36 shops that are gone.”</i></p>
<p>Went out to eat last night, one of our favorite spots is Malee in Ridgewood.  IMHO, the best Thai around.</p>
<p>Packed!  The wait started at 7pm and never ended.</p>
<p>What recession in Ridgewood.</p>
<p>Of course, you probably could classify Malee as cheaper eats.  The fancy french place next door was a ghost town.</p>
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		<title>By: james</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333407</link>
		<dc:creator>james</dc:creator>
		<pubDate>Sat, 17 Oct 2009 06:08:39 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333407</guid>
		<description>PGC, you will be fighting me when it all goes down.  Lets see how closely you hold those beliefs to your chest. You do not have the right to the fruits of someone elses labor.</description>
		<content:encoded><![CDATA[<p>PGC, you will be fighting me when it all goes down.  Lets see how closely you hold those beliefs to your chest. You do not have the right to the fruits of someone elses labor.</p>
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		<title>By: PGC</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333406</link>
		<dc:creator>PGC</dc:creator>
		<pubDate>Sat, 17 Oct 2009 04:47:18 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333406</guid>
		<description>#229 A.West

The states are the biggest flaw in this system of Gvmt.

Why can&#039;t there be a standard for Driving Licenses. Why must all states issue their own. The cars are the same. 

When you look at Madoff and the like. They exist because the can exploit the gaps in State vs. Federal regulation. 

Trying to send money from the east coast to the west coast can best be defined as feudal.</description>
		<content:encoded><![CDATA[<p>#229 A.West</p>
<p>The states are the biggest flaw in this system of Gvmt.</p>
<p>Why can&#8217;t there be a standard for Driving Licenses. Why must all states issue their own. The cars are the same. </p>
<p>When you look at Madoff and the like. They exist because the can exploit the gaps in State vs. Federal regulation. </p>
<p>Trying to send money from the east coast to the west coast can best be defined as feudal.</p>
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		<title>By: PGC</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333405</link>
		<dc:creator>PGC</dc:creator>
		<pubDate>Sat, 17 Oct 2009 04:24:05 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333405</guid>
		<description>#213 Nom

I call BS. 

&quot;You are talking about a universally enjoyed benefit that has no direct relation to economic status&quot; 
I think this defines what a lot of people want from a health care system. If you have the money, then fine go private and have the gold level service, but provide a basic level to all.


&quot;No. It doesn’t touch upon the operation of an economy, nor impinge on the freedom to accumulate private property. Nor does it redistribute wealth based on economic class (though some states may do this in the name of education).&quot; 
Well it does at the end of the day the place you live will determine the quality of the &quot;free&quot; education your child gets. It will cost more to rent in my Blue Ribbon town, than Patterson, a few miles away, and the difference in the schools is immense.

&quot;soci@lism is a concept that is difficult to define&quot;
I hate when people use the soci@lism as a scare tactic to stoke the zealots.  

&quot;You might as well ask if paying taxes to support standing armies and navies is soci@list.&quot;
Well actually it is. You have the right to bear arms and raise and maintain your m1lit1a, but you defer to the gvmt to do it for you.</description>
		<content:encoded><![CDATA[<p>#213 Nom</p>
<p>I call BS. </p>
<p>&#8220;You are talking about a universally enjoyed benefit that has no direct relation to economic status&#8221;<br />
I think this defines what a lot of people want from a health care system. If you have the money, then fine go private and have the gold level service, but provide a basic level to all.</p>
<p>&#8220;No. It doesn’t touch upon the operation of an economy, nor impinge on the freedom to accumulate private property. Nor does it redistribute wealth based on economic class (though some states may do this in the name of education).&#8221;<br />
Well it does at the end of the day the place you live will determine the quality of the &#8220;free&#8221; education your child gets. It will cost more to rent in my Blue Ribbon town, than Patterson, a few miles away, and the difference in the schools is immense.</p>
<p>&#8220;soci@lism is a concept that is difficult to define&#8221;<br />
I hate when people use the soci@lism as a scare tactic to stoke the zealots.  </p>
<p>&#8220;You might as well ask if paying taxes to support standing armies and navies is soci@list.&#8221;<br />
Well actually it is. You have the right to bear arms and raise and maintain your m1lit1a, but you defer to the gvmt to do it for you.</p>
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		<title>By: BC Bob</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333404</link>
		<dc:creator>BC Bob</dc:creator>
		<pubDate>Sat, 17 Oct 2009 03:56:03 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333404</guid>
		<description>Pat [273],

They knew how the reactor would respond. These guys are pros. You better ask questions before you shoot and damn well better know the answer.

Of course there were other turds that could have been wiped out, many more than 3. That said, you only need one to create havoc and have the gullible, naive play into your hand.</description>
		<content:encoded><![CDATA[<p>Pat [273],</p>
<p>They knew how the reactor would respond. These guys are pros. You better ask questions before you shoot and damn well better know the answer.</p>
<p>Of course there were other turds that could have been wiped out, many more than 3. That said, you only need one to create havoc and have the gullible, naive play into your hand.</p>
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		<title>By: BC Bob</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333403</link>
		<dc:creator>BC Bob</dc:creator>
		<pubDate>Sat, 17 Oct 2009 03:50:14 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333403</guid>
		<description>Chi,

Do you actually think before you type?

2,900 innocent people were killed on 9/11. The architect&#039;s of a flim flam bubble, ponzi scheme had it blow up in their face. Where are the dots connected? 

Apples and oranges? Try apples and soybeans.</description>
		<content:encoded><![CDATA[<p>Chi,</p>
<p>Do you actually think before you type?</p>
<p>2,900 innocent people were killed on 9/11. The architect&#8217;s of a flim flam bubble, ponzi scheme had it blow up in their face. Where are the dots connected? </p>
<p>Apples and oranges? Try apples and soybeans.</p>
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		<title>By: Pat</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333402</link>
		<dc:creator>Pat</dc:creator>
		<pubDate>Sat, 17 Oct 2009 03:46:25 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333402</guid>
		<description>At least when Paulson knew he needed help, he took a line - when offered - from a plastic internet platter.  Definitely no psych expert, that man.   Should&#039;ve had some dumbass HR people working for him all along.

It doesn&#039;t matter if it was passed to him third or fourth hand, he got it and he tried it and it worked. That&#039;s saying something about him from an odd point of view.</description>
		<content:encoded><![CDATA[<p>At least when Paulson knew he needed help, he took a line &#8211; when offered &#8211; from a plastic internet platter.  Definitely no psych expert, that man.   Should&#8217;ve had some dumbass HR people working for him all along.</p>
<p>It doesn&#8217;t matter if it was passed to him third or fourth hand, he got it and he tried it and it worked. That&#8217;s saying something about him from an odd point of view.</p>
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		<title>By: chicagofinance</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333401</link>
		<dc:creator>chicagofinance</dc:creator>
		<pubDate>Sat, 17 Oct 2009 03:26:02 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333401</guid>
		<description>282.Pat says: 
October 16, 2009 at 10:54 pm
Bob, you’re forgetting a rule that either you or Clot used to espouse.
“Never attribute to malice that which is adequately explained by stupidity.”

Pat: my honest assessment being in the markets in 2008...the fixed income investors got totally bailed out with Bear, Fannie and Freddie. Paulson saw us going to down the road where he was creating a moral hazard in the unsecured debt community.  He decide to let the weakest link go...it was a serious error in judgement.  I understood the rationale though....I agree in spirit with you athough maybe not in degree.</description>
		<content:encoded><![CDATA[<p>282.Pat says:<br />
October 16, 2009 at 10:54 pm<br />
Bob, you’re forgetting a rule that either you or Clot used to espouse.<br />
“Never attribute to malice that which is adequately explained by stupidity.”</p>
<p>Pat: my honest assessment being in the markets in 2008&#8230;the fixed income investors got totally bailed out with Bear, Fannie and Freddie. Paulson saw us going to down the road where he was creating a moral hazard in the unsecured debt community.  He decide to let the weakest link go&#8230;it was a serious error in judgement.  I understood the rationale though&#8230;.I agree in spirit with you athough maybe not in degree.</p>
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		<title>By: james</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333400</link>
		<dc:creator>james</dc:creator>
		<pubDate>Sat, 17 Oct 2009 03:12:39 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333400</guid>
		<description>The Minnesota Free Market Institute hosted an event at Bethel University in St. Paul on Wednesday evening. Keynote speaker Lord Christopher Monckton, former science adviser to British Prime Minister Margaret Thatcher, gave a scathing and lengthy presentation, complete with detailed charts, graphs, facts, and figures which culminated in the utter decimation of both the pop culture concept of global warming and the credible threat of any significant anthropomorphic climate change.

A detailed summary of Monckton’s presentation will be available here once compiled. However, a segment of his remarks justify immediate publication. If credible, the concern Monckton speaks to may well prove the single most important issue facing the American nation, bigger than health care, bigger than cap and trade, and worth every citizen’s focused attention.

Here were Monckton’s closing remarks, as dictated from my audio recording:

At [the 2009 United Nations Climate Change Conference in] Copenhagen, this December, weeks away, a treaty will be signed. Your president will sign it. Most of the third world countries will sign it, because they think they’re going to get money out of it. Most of the left-wing regime from the European Union will rubber stamp it. Virtually nobody won’t sign it.

I read that treaty. And what it says is this, that a world government is going to be created. The word “government” actually appears as the first of three purposes of the new entity. The second purpose is the transfer of wealth from the countries of the West to third world countries, in satisfication of what is called, coyly, “climate debt” – because we’ve been burning CO2 and they haven’t. We’ve been screwing up the climate and they haven’t. And the third purpose of this new entity, this government, is enforcement.</description>
		<content:encoded><![CDATA[<p>The Minnesota Free Market Institute hosted an event at Bethel University in St. Paul on Wednesday evening. Keynote speaker Lord Christopher Monckton, former science adviser to British Prime Minister Margaret Thatcher, gave a scathing and lengthy presentation, complete with detailed charts, graphs, facts, and figures which culminated in the utter decimation of both the pop culture concept of global warming and the credible threat of any significant anthropomorphic climate change.</p>
<p>A detailed summary of Monckton’s presentation will be available here once compiled. However, a segment of his remarks justify immediate publication. If credible, the concern Monckton speaks to may well prove the single most important issue facing the American nation, bigger than health care, bigger than cap and trade, and worth every citizen’s focused attention.</p>
<p>Here were Monckton’s closing remarks, as dictated from my audio recording:</p>
<p>At [the 2009 United Nations Climate Change Conference in] Copenhagen, this December, weeks away, a treaty will be signed. Your president will sign it. Most of the third world countries will sign it, because they think they’re going to get money out of it. Most of the left-wing regime from the European Union will rubber stamp it. Virtually nobody won’t sign it.</p>
<p>I read that treaty. And what it says is this, that a world government is going to be created. The word “government” actually appears as the first of three purposes of the new entity. The second purpose is the transfer of wealth from the countries of the West to third world countries, in satisfication of what is called, coyly, “climate debt” – because we’ve been burning CO2 and they haven’t. We’ve been screwing up the climate and they haven’t. And the third purpose of this new entity, this government, is enforcement.</p>
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		<title>By: chicagofinance</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333399</link>
		<dc:creator>chicagofinance</dc:creator>
		<pubDate>Sat, 17 Oct 2009 03:09:54 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333399</guid>
		<description>278.BC Bob says: 
October 16, 2009 at 9:44 pm
Chi, Low blow comparing 9/11 to greed, incompetence, fraud and cover ups.
???? same thing has been raised about both events...exactly the same

I am sorry to hear this stuff, as well as dredging up the past, but it is irrelevant to your point...
[I knew some having breakfast up on Windows of the World. We all, on this site, knew somebody/knew someone else that knew somebody. I would expect much better from you. Obviously, I’m wrong. Shame on you.]</description>
		<content:encoded><![CDATA[<p>278.BC Bob says:<br />
October 16, 2009 at 9:44 pm<br />
Chi, Low blow comparing 9/11 to greed, incompetence, fraud and cover ups.<br />
???? same thing has been raised about both events&#8230;exactly the same</p>
<p>I am sorry to hear this stuff, as well as dredging up the past, but it is irrelevant to your point&#8230;<br />
[I knew some having breakfast up on Windows of the World. We all, on this site, knew somebody/knew someone else that knew somebody. I would expect much better from you. Obviously, I’m wrong. Shame on you.]</p>
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		<title>By: Pat</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333398</link>
		<dc:creator>Pat</dc:creator>
		<pubDate>Sat, 17 Oct 2009 02:54:39 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333398</guid>
		<description>Bob, you&#039;re forgetting a rule that either you or Clot used to espouse.

&quot;Never attribute to malice that which is adequately explained by stupidity.&quot;

Maybe LEH didn&#039;t get put down as insurance.   Maybe somebody was just testing the reactor.

And I can think of at least three other scumwad, skin-crawling scabies-makers who could&#039;ve been picked as easily.</description>
		<content:encoded><![CDATA[<p>Bob, you&#8217;re forgetting a rule that either you or Clot used to espouse.</p>
<p>&#8220;Never attribute to malice that which is adequately explained by stupidity.&#8221;</p>
<p>Maybe LEH didn&#8217;t get put down as insurance.   Maybe somebody was just testing the reactor.</p>
<p>And I can think of at least three other scumwad, skin-crawling scabies-makers who could&#8217;ve been picked as easily.</p>
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		<title>By: Outofstater</title>
		<link>http://njrereport.com/index.php/2009/10/16/ponzi-jr-facing-10-years/#comment-333397</link>
		<dc:creator>Outofstater</dc:creator>
		<pubDate>Sat, 17 Oct 2009 02:50:15 +0000</pubDate>
		<guid isPermaLink="false">http://njrereport.com/?p=4784#comment-333397</guid>
		<description>BFF!
San Joaquin Bank, Bakersfield, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Citizens Business Bank, Ontario, California, to assume all of the deposits of San Joaquin Bank.

http://www.fdic.gov/news/news/press/2009/pr09185.html</description>
		<content:encoded><![CDATA[<p>BFF!<br />
San Joaquin Bank, Bakersfield, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Citizens Business Bank, Ontario, California, to assume all of the deposits of San Joaquin Bank.</p>
<p><a href="http://www.fdic.gov/news/news/press/2009/pr09185.html" rel="nofollow">http://www.fdic.gov/news/news/press/2009/pr09185.html</a></p>
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