A Couple Thoughts

First I was watching the Senate Governmental Affairs Subcommittee on Investigations hearings on Goldman Sachs. The Senators particularly Sen. Levin (D-MI) were grilling members of Goldman Sachs and their part in the financial crisis. It was amazing how little these Senators understood how Wall Street works or they were covering their own asses. The Senate committee that Wall Street should be like a savings account and everyone’s investment should be safe. But the reality is as it was explained by those testifying it’s more like gambling. Believe it or not there are people who are looking for risky investments because the payoff is better. In other words you can play it safe and bet on the sure thing but the return will be small or you can take a risk and bet on the long shot which will make you more money sooner. Now I’m not a financial person so I won’t try explaining. But basically people wanted risk and they got it and they lost. People were warning that the housing bubble was going to burst but no one knew when but people kept betting on it and they lost. Of course our government doesn't want to take any responsibility in all this even though they have blood on their hands.

Side thought one time a house was considered a home but during the housing bubble a house was an investment.

Now let’s go to immigration. Arizona has passed the first State immigration law. Now of course this is causing a lot of commotion. Arizona has tried to reach out to the federal government but to no avail. So Arizona had to take matter into their own hands. All this law does is give State and local police the right to ask for proof of legal status i.e. Green Card or equivalent proof. Now the confusion is whether the law allows them to just walk up and ask or if it’s just during a criminal investigation.

See immigration is strictly falls under the Federal Government. It’s the Federal Governments job to deal with legal and illegal immigrants. But the States are the ones that have to deal with the cost and most problems created by illegal immigrants. Here is the strange thing in most States if an illegal immigrant is arrested and even they go through the court system and even if they go through the prison system, they are not deported. They are simply released back into the community. Why? Because the States can’t hold them or afford to transport them and the Feds don’t have the resources to pick them up. Just imagine if the worst illegals were sent back after they served their sentences instead of being simply released back into society. But this will not mean much if the Feds don’t secure our southern boarders. Or we can convince Mexico to become our 51st State which I think would be easier.

What’s surprising is that many other countries in the world have a lot stricter laws about being in their country illegally than we do.

UR