Subject:
Bill Clinton William Jefferson “Bill” Clinton (born William Jefferson Blythe III, August 19, 1946) was the 42nd President of the United States from 1993 to 2001. He was the third-youngest president; only Theodore Roosevelt and John F. Kennedy were younger when entering office. He became president at the end of the Cold War, and as he was born in the period after World War II, he is known as the first Baby Boomer president. His wife, Hillary Rodham Clinton, is currently the United States Secretary of State. She was previously a United States Senator from New York, and also candidate for the Democratic presidential nomination in 2008. Both are graduates of Yale Law School.
Clinton was described as a New Democrat and was largely known for the Third Way philosophy of governance that came to epitomize his two terms as president. His policies, on issues such as the North American Free Trade Agreement and welfare reform, have been described as centrist. Clinton presided over the longest period of peace-time economic expansion in American history, which included a balanced budget and a reported federal surplus. Based on Congressional accounting rules, at the end of his presidency Clinton reported a surplus of $559 billion. On the heels of a failed attempt at health care reform with a Democratic Congress, Republicans won control of the House of Representatives for the first time in forty years. Two years later, in 1996, Clinton was re-elected and became the first member of the Democratic Party since Franklin D. Roosevelt to win a second term as president. Later he was impeached for obstruction of justice, but was subsequently acquitted by the U.S. Senate.
Clinton left office with an approval rating at 66%, the highest end of office rating of any president since World War II. Since then, he has been involved in public speaking and humanitarian work. Clinton created the William J. Clinton Foundation to promote and address international causes such as treatment and prevention of HIV/AIDS and global warming.
In 2004, he released his autobiography My Life, and was involved in his wife Hillary’s 2008 presidential campaign and subsequently in that of President Barack Obama. In 2009, he was named United Nations Special Envoy to Haiti. [Wikipedia]
Stock buyback fraud
By John Schroy, on May 16th, 2007 |

The Federal Reserve flow of funds accounts have signaled that there is a massive disequilibrium in the US equity market for over a year. Most investors will pass through these days of madness, hardly appreciating the spectacle that surrounds them.
However, I will step into the breach and make an unsolicited public service announcement:
“The Great Buyback Bubble is now official! Look around you and behold!”
Q1 2006
By John Schroy, on June 18th, 2006 |

Federal Reserve flow of funds accounts for Q1 2006 show the degree to which equity investments have fallen out of favor with individual investors.
In the year 2000, about 80% of the money that flowed to mutual funds was directed to the equity market.
After the crash, by 2002 less than 20% of net mutual fund sales were allocated to the stock market.
Retirement plans
By John Schroy, on February 23rd, 2006 |

Between 1999 and 2002, US private pension funds lost US$ 1.2 trillion in value. It would almost seem that pension fund managers had been speculating with retirement money, attempting to beat each others’ short-term performance statistics, with little interest in safeguarding the assets of plan beneficiaries.
Political intrusion and trade unionism have debilitated the pension fund industry over many generations. The end of the pension industry may now be in sight.
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