Grim News

Another sign the country has gone to hell. Apparently the Madoff victims are going to get a bailout.  Not the traditional bailout we’ve seen, but it is the usual spreading the wealth, or rather loss in this case.  Apparently everyone who cashed in before Madoff’s ponzi scheme collapsed must give back both their earnings and principal.  Apparently authorities are going to use a similar case as legal guidance.

In October 2008 a judge in the Bayou case, Adlai Hardin Jr., ruled that investors who cashed out their interests within two years of the scheme’s exposure had to hand back their principal as well as their profits—even though they were innocent victims of the swindle—if there was evidence that they got out because they suspected, or had been warned, there was something amiss. (The court also ordered profits made within the last six years to be surrendered.)

Mitchell Banas, a lawyer who represents an endowment for Christian Brothers High School in Memphis—which got its money out of the Bayou fraud before it collapsed but now must return both profits and principal—says the outcome is “extremely unfair.”

So, if I’m reading this right if you invest in the stock market and you lose, then you can expect everyone who cashed out to pay you off.  Following this logic any stock holders of Enron who got out before the collapse should be paying their entire investment (read savings) out to the losers who were holding stock on the day Enron collapsed.  This explains why our government is bailing out GM and Chrysler.  Some idiots seem to believe that the winners will bail out the losers.  This means that our free market system is going down the toilet.  Las Vegas will also be wiped off the map due to this sort of thinking.  I also believe it is a racist policy.  Think of all the Indian reservations that will go out of business if the house has to share it’s winnings with people that lose money.

We now see what was going on with ass hat prosecutor Ken Oswalt.  In a previous post we covered how this idiot is charging a 15-year old girl with child pornogarphy for taking pictures of herself.  New news coverage has been released and we get to see what this jerk is all about.  He’s not charging her with something that will have her sent away for 20-years or make her register as a sex offender because what she did was wrong.

“I wanted to see what happened here and use that as a guidepost to see what the court finds appropriate,”

That’s right ladies and gentlemen.  This asshole is going to toy around with this girls life because he wants to set some kind of legal precedent.   He actually has the balls to say that he’s not doing his job, but he is instead doing legal research.

The other thing here is that a cellphone is now a criminal tool.

The defendant entered a plea of admit to one count of possession of criminal tools, a fifth-degree felony, for the employing a cell phone to transmit nude photos of herself to others in September.

That’s right a cellphone is a criminal tool.  This is a great win for the PATRIOT ACT fan club.  There are over 500 million felons in the US.  No, I’m not being too rough on the injustice system here.  This is just idiocy that this prosecutor would consider all cellphones a criminal tool and then make this poor girl plead guilty to possessing a god damn cellphone.  Watch out Steve Jobs!  Ken Oswalt is going to be coming after you next for making criminal tools.  The next innovation from Apple will be the iJail.

What a waste of taxpayer money and of a few kilobytes of space in the Bar Association’s database.  This guy needs his law license revoked and his records need to be deleted from the system.

We’re reposting Mr. Oswalt’s contact information again in case you feel that he didn’t understand what you said the first time when you informed him that he’s an ass hat.

Licking County Prosecutor’s Office
20 S. Second St, Newark, Ohio 43055
General Telephone number: (740) 670-5255
Fax 740-670-5241

All I wanted to do was stay home this Christmas.

My wife has to work through most of the holidays as there is a show that opens the week of Christmas. So, I innocently suggested to my family relations that, since I live in Atlanta, my father and sister in Knoxville, and my mother and brother in Charlotte, that everyone could come to our house for Christmas dinner.

You’d have thought I’d invaded Poland.

Brother didn’t want to spend the money on travel, then my mom had some other engagement and could we do it on the weekend, then ok brother and mom are going to carpool, but his ex-wife is supposed to have the kids that weekend, he’ll have to swing something.

Then I get a phone call from my sister and she thinks that it will be awkward to have Mom and Dad in the same room, nevermind that they have been divorced for 15 years, and mom is calling her wondering if he’s coming, but Dad has inventory at work that weekend, and O no I’ve gone cross-eyed.

I swear I’m the only stable person in my whole family.

Keeping track of terrorist networks is very difficult according to most reports, but there are many problems with our own infrastructure that could be dealt with. The FBI is investigating the German heavy metal band, Scorpions, because a record (yes before CDs and cassettes) cover may have child pornography on it. Now first of all if the terrorists are going to nuke an American city you would think that was the priority, especially since the odds of terror attack are better than even. Aside from law enforcement being ordered to waste its time on something totally absurd, the real absurdity is that this record is 32-years old. It took 32 years for the top brass in Washington to notice something being sold in broad daylight in the US. If our own government notices a potential crime 32 years later, don’t expect them to do a good job of preventing terrorism before it happens. If you are lucky you’ll see a government report about why Dallas is missing 32 years after the incident happens.