Stacy Summary: More forensic examination of Goldman Sachs’ role during the days that its former Chief Executive, Hank Paulson, was bailing out the financial players. And for these neo-feudal times, here is the Daily Gulag from @adamc
- Goldman Sachs: Reasonable Doubt (Janet Tavakoli)
Sophisticated counterparties like AIG are supposed to protect themselves, and have little chance for recovering damages. But now the American taxpayer has stepped in to make payments for AIG. U.S. taxpayers have a right to recover money paid out for derivatives on deals that include phony collateral.
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@stacy Good Morning
I’ve already posted to the PMF forum but I’d like the readers here to know Big Brother is on the job for real. Maybe offer a solution.
Gold Coast film screeches to a halt.
I’m thoroughly disgusted and hope you can see my point.
All the Youtube promo clips have been blocked. Youtube
won’t reply or release the vids. Here’s the main link;
http://www.youtube.com/watch?v=u03TfQN1pXo
This has been going on for two weeks. That is why we
decided to remove the PMF project until the website is
completed and streaming can be arranged.
We must have hit a nerve with our “superiors”, eh?
Anyone who knows a way around this Youtube crap
is welcome to put in their two cents. We’ll be listing
on PMF again once it’s worked out and the glitches
removed. Right now, we’re bloody livid!
Stacy, any clues?
why do these 40,000 odd individuals hold the world ransome the rest of the world are chickens i suggest no one should vote in all counties
apart from the billion that GS will make…they must have made so much money trading shares of CIT over the past few months…since they had information
@ lukeout ,.. number of viewers , 6,666 says error occurred ?, try again later ..
Soros, Ross: Commercial Real-Estate Crash Is Coming And It’s Going To Be Terrific
http://www.businessinsider.com/henry-blodget-soros-ross-commercial-real-estate-crash-is-coming-and-its-going-to-be-terrific-2009-11
New Rules! Banks Can Lie About Commercial Real Estate Loans
http://www.businessinsider.com/henry-blodget-new-rules-encourage-banks-to-lie-about-value-of-commercial-real-estate-assets-2009-11
Courtesy of Nick :
http://www.youtube.com/watch?v=1r1qIRe4z3s&feature=sub
CME to Offer Argus Sour Oil Futures After Saudi Dumps WTI as Benchmark amid viability concerns http://bit.ly/3MTiMW
@All …. 2 + 2 = 17
Why not !
… no more audacious than the B/S fraud going on.
The WS fraud is just ridiculous … the banks have no relation to reality whatsoever, thanks to fiat money and derivative abuse.
Each further day that this (bond/stock/currency) market does NOT crash , just amazes me.
Some interesting phsychoanalysis of our oligarchs..
http://tinyurl.com/yz9mt6f
Ted Turner is my hero..
http://www.youtube.com/watch?v=DSlB1nW4S54
repost on topic
How Goldman secretly bet on the U.S. housing crash
http://www.mcclatchydc.com/227/story/77791.html
Dollar Declines as Manufacturing in China Surges; Oil, Copper, Gold Rally http://tinyurl.com/yg2p5zy
CIT’s Bankruptcy May Help Bondholders, Erase Taxpayer, Shareholder Stakes http://tinyurl.com/yzmyy8h
@ L
“number of viewers , 6,666 says error occurred ?, try again later ..”
That’s my point mate. They’ve blocked all the clips that way. And what a coincidence with the 6s, if you believe in such things…
@ Mother Earth
Bow to your masters in your own time. The subject here is gold.
http://content.yudu.com/A169xm/GoldCoast/resources/6.htm
An eloquent speech by JKR at Harvard, quite apt for circumstances unfolding:
http://www.youtube.com/watch?v=pucdJHjZaqs
A “bloodletting” for LBOs that will damp the economic recovery may be coming, according to billionaire investor George Soros.
“In commercial real estate and leveraged buyouts, the bloodletting is yet to come,” Soros said on Oct. 30 during a lecture organized by the Central European University in Budapest, where he was born. “These factors will continue to weigh on the American economy, and the American consumer will no longer be able to serve as the motor for the world economy.”
Private Equity IPOs Slump as Goldman, Citigroup Can’t Sell AEI http://tinyurl.com/yk4dsbn
@Mother,..
“A total population of 250-300 million people,
a 95% decline from present levels, would be ideal.”
- Ted Turner,
founder of CNN and major UN donor
Quite the hero!
@Dedo … easy to say at his age !
Compare the two charts SFR / GOLD :
http://stockcharts.com/h-sc/ui?s=$XSF&p=D&yr=1&mn=6&dy=0&id=p45947695168&a=182400693&listNum=1
http://stockcharts.com/h-sc/ui?s=$gold&p=D&st=1995-12-04&en=2003-11-11&id=p03942258962&a=64490316&listNum=1
Courtesy of “square_dealings” @ IV
@Phil,..Of course!.
Don’t get me wrong, I’m a great advocate for most folk “needing” leadership,..but not to their detriment.
Me thinks some leaders have lost all perspective on making the world a better place!
http://www.youtube.com/watch?v=FJ6E3cShcVU
Hey Phil
Spot on ref the Gold price, when do you see it hitting $1100?
Mike
@Phil,.BTW,. the reason I posted the North Korean clip, is because, after reading the copenhagen treaty,. I think that’s where we’re heading,.hate to be the party pooper and all that!
Re: But now the American taxpayer has stepped in to make payments for AIG.
Oh, did they now!,. or was it stolen,..I suppose if you repeat things often enough, folk will believe it.
England to break up banking system?
http://online.wsj.com/article/SB125709591842221301.html
Big news guys!
@Mike/L … when do you see it hitting $1100?
As soon as Cramer says “Sell” !!
@lukeout ,.not certain if i believe in co-incidence ? but i also had trouble accessing dedos link 2nd part jkr rowlings talk harvard , in the meantime , might consider investing in some of these ? ‘ hell banknotes’ from ‘yellow elephant bank ‘ http://www.joelscoins.com/images/hell3r.jpg http://www.themainpage.com/Coin-and-Banknotes/Images/HellBankNotes.jpg http://2.bp.blogspot.com/_MbzwxUB7x9w/Sjp52VRkX6I/AAAAAAAAAF4/Mm4twdovlaY/s320/100_4905.JPG
@L
I may be straight but I prefer my elephants pink!
@Phil: god answer Phil: “..as soon as Cramer sells sell…”..HA!!! All the equities/bonds/currencies/strategic metals and anything else the PTB can manipulate, manipulate…how many more caches of $100 b in bonds have to be recovered while in transit?? How much of the remainder of the BOE gold bullion doesn’t meet international standards ( mostly because it is the older bullion )…how can the DOW be approaching ( and at one point surpass 10,000 ) ???even before the “meltdown” most folks believed that the DOW was overvalued ( probably Schiff is right>>>4,000)….How many more Madoff style Ponzi schemes are still in progress??? Must I say more??
@Richard@lattitude30N …
No ! .. you are of course right i that the WHOLE game is Ponzi.
As to the DJIA , I called 7000 when it was trading at 14000 in July/Augusr 2007. The 7K call was based on seeing how much money was pumped into the market since 1995.
Add on the FRAUD, and I think Peter Schiff is right in calling <4K ! Of course, the PTB would rather continue to print more Trillions + DJIA 20K than see 4K arrive.
My guess is if we do see 20K, it'll mean an imminent US$ devaluation, such as to make US stocks look cheap (@20K) again ! …. LOL !
@Richard@lattitude30N …
I’ve tried answering 3 times now .. each time , it gets eaten by the anti sp/am guard.
Sheesh !
Here goes again …
@Richard@lattitude30N … How many more Madoff style Ponzi schemes are still in progress??? Must I say more??
No ! .. you are of course right i that the WHOLE game is Ponzi.
As to the DJIA , I called 7000 when it was trading at 14000 in July/Augusr 2007. The 7K call was based on seeing how much money was pumped into the market since 1995.
Add on the FRAUD, and I think Peter Schiff is right in calling <4K ! Of course, the powers that be would rather continue to print more Trillions + DJIA 20K than see 4K arrive.
My guess is if we do see 20K, it'll mean an imminent US$ devaluation, such as to make US stocks look cheap (@20K) again ! …. LOL !
I give up !
CIT’s filing is probably the fourth-largest bankruptcy in U.S. history http://tinyurl.com/ycpdft5
Governor Mervyn King’s nine-member Monetary Policy Committee will expand its bond-purchase plan by 50 billion pounds ($82 billion) to 225 billion pounds on Nov. 5, according to the median forecast of 48 economists in a Bloomberg News survey. That would be the third increase since the program started in March.
King May Make More Bond Purchases to Fight Recession http://tinyurl.com/ygy6xpj
“IRS believes that CDR, Bank of America and possibly others may have colluded to fix pricing” http://tinyurl.com/yc3fvbr
Dark pools account for 4% of European volume: study http://tinyurl.com/y9vhkpt
No homes in the USA, save for those of the ruling class — should be privately owned.
The US government, with its 250 k USD debt per person — should bill people for the 250 k.
If they can’t pay — confiscate their homes via foreclosure.
The whole housing stock should just be an economic pawn so that the government and banks can use it to pretend that ‘there is an actual economy’ — when there has not been one for 25 years or so.
In the UK, one family rented a cottage for 950 years (1) — minus or plus a couple of plagues and crusades … this should be the US model but with less fun.
(1) This is in Ripley’s Believe it or Not, look it up…
good article
We’re Governed by Callous Children Peggy Noonan
Americans feel increasingly disheartened, and our leaders don’t even notice.
http://online.wsj.com/article/SB10001424052748703363704574503631430926354.html
@Phil: please don’t give up!!!!!! we are here to guide the next generation forward…the system may fold..but surely men and women of courage and insight will go forth…isn’t that that real story of Exodus???
@stacy
Have you been pasting the wrong link in the ‘dailygulag’? It links to some clmate scepsis bs..
@Phil:and the Phoenix that rises from the ashes???
Do it Like an Eagle Scout: ‘Be Prepared’ if the Recovery Fails
So the first important question is how the hell did we get here?
Continued, after the jump
His answer is simple: negative incentivisation (or an absolute lack of reasonable punishments for unreasonable behavior) and an enabling mentality. He paints the analogy that Wall Street behaves like a bunch of crack addicts; instead of cutting them off of the financial crack pipe, the powers that be fed their addiction with easier money and more securitization, essentially handing over the dope to the dope fiends instead of serving their regulatory purpose and saying “enough is enough, now give me your keys and sleep it off.” The combination has, of course, proved to be deadly, at least in the financial sense.
http://goingconcern.com/2009/09/do-it-like-an-eagle-scout-be-p.php
- Keynesian policy has become “dangerously distorted.
- Total debt burden, he’s leading us over a cliff.
- Debt relative to GDP is at record highs.
- Total debt has jumped 70% relative to GDP
- Tens of trillions of unfunded obligations for Medicare and Social Security.
- Today, private debt is a suffocating 300% of GDP!
Krugman and the pied pipers of debt http://tinyurl.com/yzekvhv
@Dedo
Ted Turner is right. He favours a maximum of two children per family. This is more than the norm in affluent societies.
As the time for action runs out I think wwe will see more radical action on the climate front. The solution is to instead of going to war over oil, use the billions and billions of dollar spend on the resource conflicts and armaments to build the clean world wide economy. That requires cooperation and governance. Anybody that is against global governance on climate change has been succesfully conditioned using the words socialism, communism, conspiracy, etc..
@ Mother Earth
You’re either a shill or brainwashed. I mean that in the nicest way.
It’s one thing to sequester polluting industries but taxing the life out of us with junk science isn’t a solution.
Gore & Blood, plus Turner and the cronies are the ultimate beneficiaries.
“Anybody that is against global governance on climate change has been succesfully conditioned using the words socialism, communism, conspiracy, etc..”
Global governance by the same criminal elements that brought us two world wars and Vietnam?
@Richard@lattitude30N … :and the Phoenix that rises from the ashes???
LOL .. OK, I’m back !
@TJ
I am not for taxes at all. I am for redirecting funds and revenue towards the clean infrastructure. I would say a big part of getting it right is eliminating carboncredits and any financial intitute or instrument profiting from their existence. Most people think their reality is the best solution with the available means, but if it comes to energy you are being royally screwed each day, just like you are bing screwed each day by the banking system. Germany is a good leader that has recognized this and acted upon it..
If you want to prevent wars, you need ot be resource independent. That means you need to replace oil as a primary energy source. But there are a mmillion other reasons, f.i. less child mortality, cancer, pollution etc. etc.
Ted Turner’s “philanthropy”:
http://www.msnbc.msn.com/id/29875914/
@snoot
Also global governance is not essential, global coordination is. The ‘domination’ aspect is all necessarily military backed, so tell me what army will do that, and how succesfull has military deployment of f.i. the UN been sofar.The movement schould be towards demilitarization, defossilization payed by the savings and global coordination.
@snoot
What is the link with Ted Turner or his arguments for climate action?
Global government?
http://www.unicef.org/ukraine/Associate_Press_Vaccine_scare_threatens_health_in_Ukraine.pdf
Money backers use global government to oust undesirables.
@Mother,…I’d agree with you totally, if I was so naive to believe the PTB had good intentions for “life” and the planet.
Their doctrine is for the control of nature not it’s nurture,. me thinks you lack an over all perspective, maybe you should study more, the system as a whole.
There are many types of control,…you know this,.right?
@Dedo
Thank you for the J K Rowling link. I did not know she worked for Amnesty International when she was young. Great speech!
@MotherEarth:
If I linked a man considered a criminal by many of those who live in the Netherlands out of ignorance I would not foist his figurehead upon any ideological ship after the correlation was indicated. Turner was behind the Ukranian “botched” vaccinations.
He therefore should be in jail: not commended for proselytizing a world without carbon exhalers.
These men plan on owning vast tracts of land and using people like livestock.
@Mother …
As long as Taxes are channeled through a central point ( Govt. ) , they will always be mis-spent !
I am for reducing the size of Govt. to a small staff of book-keepers ( flat heirarchy + a “few” managers ) than are responsible for making sure tax-income is spent on the projects designated by the voting public.
The Government as such would be the people – online !
There would be no political parties ( I have always hated this system ) but direct representation.
OK.. now some may chirp in and tell me that’s all naive and unrealistic, because we couldn’t “trust” an “Online” voting system….
… strange how we trust “Online Money Systems” though isn’t it !!
@Dedo
As long as you define your expectations based on the PTB you are their serf.
@Mother,..To be aware that one is brainwashed is the key to understanding,..don’t knock what you’re unable to comprehend,.: )
@Mother,….Re: As long as you define your expectations based on the PTB you are their serf.
Sorry,.I will not believe you’re that naive,..tut tut
me thinks you’re playing the wind up!
@MotherEarth:
The elements behind the move to global governance represent the lowest and most vile aspirations of man’s dominion. I would not trust these criminals with the ‘keys for the kingdom’.
Global governance is a fathom for which the depth has not been tested but for which the shoals show indications of corrupt and frothy manipulations.
Peter Schiff Video Blog – October 31, 2009 (How Government Programs Drive Up College Tuitions)
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=286069&t=01000420523245711617
@Phil
What taxes? If you know that the main reason for military spending is to keep an oil guzzling oil thief in power and that same oil is killing us, why not spend all that defence money on alternatives to become resource independent and make that army obsolete?
Africa is become a slave plantation under the tutelage of global governance. HIV was most probably introduced to Africa through the small pox ‘campaign’ by UNICEF.
http://www.virology.ws/2009/02/20/hiv-1/
The question of culpabiliy remains.
@snoot
I sat at the table with people lobbying the EU on climate change, I try to make waves in my own way, and where are you? I don’t want to knock anyone, but I though this site is for people that want to escape serfdom, not wallow in it..
@MotherEarth:
I write. I have osteoarthritis in both my knees and am a virtual cripple.
Ted Turner is such a hypocrite. He uses as much “stuff” as a thousand ordinary “humans”. But in his mind, he is deserving while the rest of us are useless “stuff” consumers.
Just what useful service has Ted Turner provided mankind? He has produced nothing of value. He has taken other peoples creativity and made money off of it. He is a useless consumer and should remove himself from this planet.
Serfdom is indicated more by collusion with criminal force than with mere anarchy. Serfdom inhabits the belief that some or more equal than any.
Happy Halloween > Goldman’s ‘Chainsaw Massacre’ Halloween party http://tinyurl.com/ykjro27
@snoot
How come that sounds like an excuse? Would Rush Limbaugh be able to achiev what he has achiever (not positive I must say) if he where in a wheelchair? Do you have a blog?
@MotherEarth:
Why do I get the feeling that I would be your least favorite seatmate on a long bus ride?
I detest Rush Limbaugh.
@Dan II
You are in the same mindset as greenpeace was when Max proposed to short certain corporations on the stock market. Ted Turner is rich, he is a tycoon, that is wrong. But I think he is right all the same. Wisdom requires good reflection and experience, nothing more..
UPDATE:Gold To Stay Important Asset Of Euro Central Banks-ECB
…He said the Eurosystem holds 10,800 metric tons of gold, roughly one third of world gold reserves.
Mercier said the Eurosystem holds more gold in value terms than it did 10 years ago….
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200911020650dowjonesdjonline000142&title=updategold-to-stay-important-asset-of-euro-central-banks-ecb
Well IIRC…
3500 tons = Germany
300 tons = ECB
1500 tons = France
etc.
So I suppose 10,000 tons could be right !
@ gb – It’s hilarious that the “disheartened Americans” whom Noonan writes about are the douchebags who helped eff the entire country: the private insurance companies, Chamber of Commerce, and the poor rich Americans either crying about their taxes potentially going up or fleeing from states where taxes are highest. All of those people would do very well to remember that THEY are the ones who have benefited from the country sinking into the toilet during these past 3 decades. Didn’t hear them crying about being disheartened then. So they must just be disheartened now that the party is over and they’ve stolen far too much from the rest of us for us to be able to do anything to help THEIR economy recover.
Rush Limbaugh is a prop for big monied interests. He “achieves” through seduction.
@Snoot
You are right. I do not care to give comfort.
Ted Turner should be forced to partake of his own “good medicine”. Of course the hypocrital-moustached mink would refuse.
@snoot
He achieves without using his knees as well. Just sayin’..
@MotherEarth:
The Big Bad Wolf makes a very poor bed partner.
@ Stacy – The Tavakoli piece is pretty remarkable. The most infuriating thing about it is that it’s doubtful that anyone cares enough to look into any such claims of “reasonable doubt”/blatant fraud.
@snoot
I don’t fall for grannies or crossdress either
a must read over at Brookesnews.com by Frank Shostak on “the US economy & credit contraction”…very important.
No offense to minks, but what a stunning likeness:
http://www.manicyouth.com/images/view.jpg
http://www.bbc.co.uk/cumbria/content/images/2006/10/02/mink_470x352.jpg
You are right. I do not care to give comfort.
No shit, Sherlock.
@snoot
LOL, but I digress..
@ME
Turner’s lifestyle should reflect what he preaches for the rest of us. What Turner secretly wishes for is to have the splendor of nature available to him and his progeny.
He is a hypocrite.
@DanII;
He is ‘altruistic’:
altruism: Sacrifice, if necessary of life itself, so that others, commonly offspring or otherwise genetically close younger relatives, may survive or otherwise benefit. On the face of it this seems to reduce the adaptive value of the altruist. However, by saving offspring at the cost of its own life, the altruist may ‘save’ more of its own genes than if the situation were reversed, particularly if the reproductive potential of the altruist is exhausted, or nearly so.
http://www.encyclopedia.com/doc/1O8-altruism.html
@snoot
Altruistic sounds about right. I have a problem with people who preach population and resource reduction couched in terms of other people doing the sacrificing.
@MotherEarth:
How can we all be assured that your ‘achievements’ are not alligned with the services of other ‘useful idiots’ who capitalize on information available by deception. How do you know what I have achieved?
Life is a roller-towel at the public urinal. So, you left a few more smudges on your section of the towel? so what.
I don’t think finding a place in the social-stratum of the criminally insane overbudget EU bureaucracy is anything to moo about. You claim to hate the bankers and then run to do their bidding.
@Dan II
Do you have a problem with a doctor telling you to get your arm amputated if that would save your life? Should he cur of his arm also? People can gove good advise without following it themselves.
@ Mother Earth
“I sat at the table with people lobbying the EU on climate change”
Asking for a blade to cut your own throat?
I’m sorry to say it but you belong on THE plantation.
@snoot
LOL..
I run to the bankers bidding? I don’t see how..
@TJ
I mean actually talk to them so I know what is going on in the EU, and of course, that is not good (It sucks, and I told him that). But I do not see myself as working on a plantation, plantation ownership is more common in my family..
Take of those EU issue rose-colored glasses, Mother, and you’ll see readily enough.
@ Mother Earth
Unless you’ve been through the process, good grades, college, grad school, USAF, awakening, emigration outta there, you’re a slave. And you apparently like it from the conviction in your posts. And it figures you’d imagine yourself in the Big House.
I’m not comparing myself to you nor do I think I’m perfect. Didn’t you read the George Carlin quote here a few days ago?
“..the reason they call it the American Dream is because you need to be asleep to believe it”
EU/IMF slim plan:
http://euro-med.dk/billeder/billederimf-2dafmagring1.jpg
Gol d , DJIA & Iran
Seem to follow each other since a while now.
Dow up, Gold up & Vice Versa.
Just wondering what will happen if the US invades Iran.
Gold up, US$ down ?
The “PR set up” as in Iraq just keeps on rollin’ in.
Israel, Russia , EU etc. etc.
I have a feeling that the US & Israel will in fact “do it” … as outlandish as it may seem, but all the energy being expended on PR to make Iran look bad …. well, we’ll see won’t we !
@TJ
Well, I’m cheating because I’m in Holland. But I just don’t go along with the ‘big house’ analogy because I don’t want to define myself as a slave. Not being a slave starts with not allowing yourself to be defined as one. That said, even in the US it is not true for everyone that they are necessarily dependent on the oligarchs. Becoming a slave is something that can happen to you If you do not pay attention.
Ther is a simple solution: My suggestion to all that hate the system is to become unattractive to it. If the system can not use you it will starve and die. That is the passive approach. Another one is to throw a brick where you would like to see one go..
@phil
silver is not up, isn’t that unusual..
@Mother … Silver up as well
http://www.finviz.com/forex.ashx
But all these 10$ moves in Gold do not mean much, even if it’s 2% up today.
When I see 50$-100$ moves per day – at least – then you’ll know the fiats are out of fashion. Until then , it’s just manipulation ( pussy-footing around ) in the futures markets .
@phil
I agree..
@Mother,..lol,..I’d love to be back of the bus with you,..you crack me up!
BTW,.good luck with changin’ the weather,.lol
http://www.halflife2.net/forums/archive/index.php/t-83486.html
Down the Rabbit Hole, anyone?
….Meanwhile, back in DC, lawmakers are creating jobs and making everything all better, for ever. Amen!
Yeah! That oughtta do it!
@ Mother Earth
A slave who doesn’t know their place will have it revealed to them at the appropriate time. In your case, that might be the first installment on your carbon tax.
Since you’re in the Netherlands, I recommend you buy a Tommy Chong bong and use it wisely. And often as possible.
@Will
Good post. Government workers go along with anything that would keep them from entering the job market, it’s as phoney as the other “market”.
Gold movin like a snoot into the hootch
We usually get a pullback an hour into trading, now up 22.10, Only $8 from its high.
James Howard Kunstler is Thinking the Unthinkable this AM:
@TJ
With all respect, being that you certainly do not see yourself as the master, it is quite interesting you have an opinion regarding my ‘place’. Dutch politic is not yet as corrupt as the USes, politicians that went that way royally crashed. We are a different culture, not perfect, but different. Induvidualism was invented here..
@Will
This may be related..’people with a diet high in processed food had a 58% higher risk of depression’
http://news.bbc.co.uk/2/hi/health/8334353.stm
Victory .. for once .. against GS
Very interesting, must listen :
Goldman taking away people’s homes
… The Beckers fell months behind on their mortgage and finally found it was Goldman after their house
…
http://www.youtube.com/watch?v=1DIe99r6Qts&feature=sub
Goldman takes on new role: taking away people’s homes http://tinyurl.com/y8zvhfa
@Mother Earth – This may be related, too! I think the pols and banksters should try eating from the other side of the mushroom.
In the UK, they’re not even hiding it anymore ~ Flight taxes hiked to bail out banks: It’s nothing to do with environment, says Darling BOHICA, baby!
@Mother Earth
Individualism was invented by a guy named Cain when he told his brother “you’re not the boss of me” and then proved it.
Dylan Ratigan just hammered Geithner big time. Look for video later.
Report on US GDP Growth Was Actually ‘Horrible’: Faber http://tinyurl.com/yllfe8k
Alan Greenspan: In His Own Words from 9/11 on http://www.cnbc.com/id/31555808
From Morning Meeting
Video 1: In Geithner We Trust?: http://www.msnbc.msn.com/id/31510813/ns/msnbc_tv-morning_meeting#33586135
Video 2: Are Banks Risking Too Little?: http://www.msnbc.msn.com/id/31510813/ns/msnbc_tv-morning_meeting#33586135
Ratigan asks: “Why does Geithner still have a job?”
@Mother earth
I’m not a climate change skeptic; I’m a man-made climate change skeptic, that is to say, I’m skeptical that industrial CO2 emissions play a significant part in the processes of climate change.
My natural skepticism is emboldened by people who refuse all skepticism in climate science particularly because all ‘scientific method’ *is* the process of continual skepticism.
Since we’re all prone to wrap ourselves in our causes – skeptics and accepters alike – let’s save ourselves from ourselves and stay focused on refining the actual science.
The Skeptics Handbook
http://joannenova.com.au/globalwarming/the_skeptics_handbook_2-3_mq.pdf
@Mep:
Rat-a-gain knows for whom Geithner works. The reason Geithner is still in the position is that the US Treasury is a proxy for the IMF operating arm of the BIS: Giethner is doing a wonderful job for the big boys.
How many trips to Basel does Geithner take each year?
http://www.reuters.com/article/worldNews/idUSTRE59S4DL20091029
“LONDON (Reuters) – Leading banks have funded arms manufacturers, whose products include cluster bombs, to the tune of $5 billion in the past two years, despite an international accord to ban such weapons, a study said Thursday.
The report by Profundo consultancy and several NGOs said the banks loaned money to companies whose products include cluster bombs or their components.
It did not say the funds went directly to make cluster bombs. The manufacturers could use the money for any of their production lines.
The top five loan providers were Bank of America, Citigroup , JP Morgan, Barclays and Goldman Sachs, the study said.”
real estate consolidation: the bank that knew how. Banks are not really averse to owning real estate any more. Forclosure is now more opaque as all things there.
“Your tax dollars at work!” Bailout that is… This completes a picture of where the money is going.
President Obama fails to go after those responsible for the financial meltdown
The nation’s new top prosecutor, Attorney General Eric Holder, has a history of preferring that deviant corporations be held to no more than a “voluntary cooperation” system in which they privately investigate themselves. Under the “Holder Memo,” written in 1999 when he was deputy AG in the Clinton administration, bad-boy executives and their corporations who turn over evidence to the government qualify for lenient sentences and fines; sometimes they simply walk. The consequences of their crimes often amount to only the cost of doing business.
But the administration’s dull claws shouldn’t surprise us: Obama was Wall Street’s preferred candidate in terms of campaign contributions. And his SEC team includes Wall Street insiders who appear to have no interest in making sure their former co-workers are regulated or, worse, prosecuted for their role in the financial mess.
http://www.miaminewtimes.com/2009-10-29/news/president-obama-fails-to-go-after-those-responsible-for-the-financial-meltdown/1
@Dante… yeah, I’d like to see Spitzer back.
@ME
wow… personally… just the name ‘mother’ always set off alarm bells for me!!!
@SG … “Mother” … as in “The Prisoner” ?
@Stacy
Unfortunately, many of the ‘smart’ people who believe in evolution and global warming also believe that the “happy motoring utopia” (to quote JH Kunstler) we live in can keep going, with an alternative fuel or some new technology. Never mind the fact that there is nothing on the horizon that can replace oil.
@Lloyd G.: “nothing to replace oil” well dear sir..the origins of the auto industry didn’t have petroleum…Rudolph Diesel used peanut oil….and in the 1970′s it was forecast that when crude reached $40 per barrel then jojoba oil grown from a shrub in the SW desert could replace it ( ala synthetic oil today ) as cost effective..the price then never exceeded $40 ..amazing…so today their already was an electric car scrapped by GM( EV-1 )…yet we are still waiting on the VOLT or any other alternative vehicle..but it is the collusion between the oil cartel and the big auto giants that continues the myth that crude is the way…please refer to http://www.projectcamelot.com and interviews with Dr. Pete Peterson who worked for years on alternative projects to replace the inefficient auto from technology gleaned from UFOs….The Hadron Super Collider is about to be reactivated…I wonder what marvels that that will release into the atmosphers…