Mark Cuban: Leftist Loon

Mark Cuban is a "self-made" billionaire leftist, and certified loon.  He was known to be erratic in the sports world, as owner of the Dallas Mavericks (NBA team) and would be owner of other sports teams.

 

Then he proved he was a leftist political loon by financing the Brian DePalma movie, "Redacted".  That movie was a direct attack on U.S. troops in Iraq.  Yes, the movie was anti-war.  But it was a lot more than anti the Iraq War.  It slandered U.S. troops in Iraq, and, in effect, labeled the typical U.S. soldier in Iraq as a monster rapist and killer.  The movie was a disgrace.  Mark Cuban is a disgraceful loon. 

 

Bill O'Reilly correctly so labeled Cuban in connection with "Redacted".  Yet, now Cuban is all over the cable TV networks (and maybe regular networks, for all I know), including Fox News (part of the mainstream media problem, and not part of the solution).  Mark Cuban is being treated as an "expert" on finace, just because he is a billionaire.  That is like treating Bill Gates as an "expert" on overall finance, just because Microsoft made him a billionaire.  Okay, maybe the mainstream media would be glad to so treat Bill Gates, but Gates is ot willng to expose himself as a loon like Cuban--assuming expertise in areas in which he does not have expertise.

 

Mark Cuban's "one issue" campaign recently has been to have every "transaction" of this new government bailout entity (which, luckily, is still not authorized) be posted on the internet.  I saw Cuban on CNBC, and he virtually seemed to be suggestion that every Wall Street transaction should be on the internet, to be second guessed and criticized by members of the public.   The loons at CNBC actually took him seriously, which means you can't take CNBC seriously. 

 

Nope.  The idea that every transactions should be shown in "real time" on the internet is the idea of a loon.  Business can't be done that way.  Yes, stock trades are shown in (almost) real time, but not really.  You don't see the identity of people involved in stock trades, and stock trades are not complicated transactions.  The reporting of stock trades is only of the informatiion necessary to estabhish the "market" price.   It would paralyze business to have every business transactionshown on the internet.  Further, the second guessing circus of having a "cottage industry" of people second guessing government bailout transactions would turn the whole thing into a circus.  It is well known that the internet is already a circus of false political rumors. 

 

There actually is a case for more "transparency" in certain kinds of financial transaction, such as credit trades.  But the last thing we need is for the details of every trade, or every bank transaction with the Fed discount window to be dispplayed in real time on the internet.  There is a difference between making information available to people who need it, and turning the whole thing into a Roman cirucus.

 

Mark Cuban does not recognize the difference, because he is a self-promoting loon.