Does Joe Biden read the news?

On Tuesday August 21st Vice President Joe Biden addresses a grassroots rally, in Minneapolis. In typical fashion Biden couldn't keep his ignorance to himself and referred to Mitt Romney and Republicans as "squealing pigs" when they complain about new rules for Wall Street.

Seriously, who cares about Biden's petty name calling because it has become the norm in political campaigns but what he said next is further proof that Biden and the democrats view their base as little more than uneducated sheep waiting to be led to the slaughter. Biden's comment was:

“Over the objections, where they sound like squealing pigs, over the
objections of Romney and all his allies, we passed some of the toughest
Wall Street regulations in history, turning Wall Street back into the
allocator of capital it always has been and no longer a casino,” Mr.
Biden said.

5 days ago it was announced that the criminal investigation into the collapse of the brokerage firm MF Global
and the disappearance of about $1 billion in customer money is now
heading into its final stage without charges expected against any top
executives.

After 10 months of stitching together evidence on the firm’s demise,
criminal investigators are concluding that chaos and porous risk
controls at the firm, rather than fraud, allowed the money to disappear,
according to people involved in the case.

So, there was no criminal activities just chaos and porous risk.

Chaos can be defined simply as any state of confusion or disorder and a lack of intelligible pattern or combination.

Porous Risk can be described as risk that could easily permit the unwanted consequences of the risk.

While the operation of a casino is certainly not chaotic in any manor anyone that has ever gambled knows that the games of chance offered are filled with porous risk (i.e. the odds are in the favor of the house and it is more likely that you will lose than win)

So, really Joe....You and Obama shut down the casino of Wall Street? Tell
that to the investors who just got screwed out of 1 billion dollars
because of MF Globals Wall Street Casino practices in which they risked
investor's money in high risk deals that they stand to make billions
from and LOSE LITTLE TO NOTHING OF THEIR MONEY.

No criminal charges, and any civil litigation brought by the investors
will return pennies on the dollar once the bankruptcy court gets through
dividing up anything that's left but take heart because Obama and Biden have shut down the Wall Street Casino.

Once again Biden and the democrats prove that they will say anything and tell any lie to keep themselves in power.

http://blogs.wsj.com/washwire/2012/08/21/biden-compares-romne...