http://www.housingwire.com/2010/03/03/amid-global-securitization-ebbs-and-flows-uk-prepares-prime-rmbs-4/

http://www.repomenarecoming.com/

This propaganda movie for the bankers glorifies Jude Law and his black sidekick Forest Whitaker as badasses who take your stuff back for the bankers. They look like a private mercenary army, and Forest Whitaker is holding a giant bazooka gun. They also have barcodes all over the ad, including on the REPO MENs’ necks.

Holy shit.

Might as well throw rocks at the sun.-

“but this time, from lawyers who actually know what they are doing”

Most likely airtight operations under the ‘rule of law’ we got handed from Bretton Woods.

US Treasury? Most likely IMF which does operate under diplomatic immunity. Geithththtner knows that.

“The district court found that these two criteria were met and that the Reserve
Banks and Fiserv were acting “for the United States” and with its “authorization and
consent,” in the sense of §1498(a).”

http://www.cafc.uscourts.gov/opinions/08-1152.pdf

Interesting, though, the subpoena for Bloomberg was won:

http://bytestyle.tv/content/federal-reserve-loses-bloomberg-foia-lawsuit-sensitive-disclosures-forthcoming

http://www.nytimes.com/2010/02/14/nyregion/14fed.html?pagewanted=1

What is an Agency?

“Both cases hinge on whether records held at regional Federal Reserve Banks are subject to FOIA requests directed at the board. Congress oversees the entire Federal Reserve System, which is made up of the board — a federal agency located in Washington, D.C. — and 12 regional banks that operate as private corporations, receive private funding, possess distinct powers from those of the board and do not publish any FOIA regulations.”

http://www.rcfp.org/news/mag/33-4/federal_reserve_locks_vault_on_bailout_records_15.html

“Ultimately, neither judge wanted to answer the larger question of whether the regional Federal Reserve Banks are or are not themselves agencies, said Steven Mintz, an attorney for Fox News.”

Interesting?

Mandelbrot: the market is a ‘black box covered by a veil’. Can you say “Constant Proportion Debt Obligations” (or CPDO’s)?

Apologies if this link was already posted.

I got a whopping parking fine in West London yesterday and the warden went as far to imply that I may be racist for questioning his actions. Not sure if anyone else noticed but nearly all the parking fascists are African so one has to wonder about this anomaly. Check out this story and wonder no more;

http://www.express.co.uk/posts/view/65628/Secret-plot-to-let-50million-African-workers-into-EU

Ralph Nader is also (for me as a non US-citizen) a person who I can learn from and translate what he does and says directly into my nation and situation and it will be just as if he were my politician and my fellow countryman. Can’t do that with people like Ron Paul and his message.

When is your story in Expresso coming out?

The DOJ is just now figuring out that Hedge Funds use ‘weaponized’ financial transactions to attack competitors. They are a few years (decades) behind the curve, but hey, have at it!!!!

A bribe would be a net-revenue negative as it would stop me from talking about my gold position and no one interested in shutting me up has enough money to compete with my gold position.

“Billionaire investor George Soros’s hedge-fund firm is among those whose euro trades are being investigated by the Justice Department.”

Here is the English version of the story I mentioned yesterday, a political thriller and a sad view of the politicians mind.

Icesave referendum a waste of money or a necessary barometer of opinion?
http://www.icenews.is/index.php/2010/03/03/icesave-referendum-a-waste-of-money-or-a-necessary-barometer-of-opinion/

“Steingrimur J. Sigfusson, Iceland’s Finance Minister has told the press that this Saturday’s Icesave referendum will be perfectly pointless and a waste of money if a new contract is on the table. Prime Minister Johanna Sigurdardottir meanwhile did not rule out the possibility of delaying the plebiscite for one week.”

we entered a post-capitalist period of Transactionalsim

all needs of capital and labor were subverted to the needs of transactions and those transacting; like banks, funds, hedge funds, corporations, private equity.

no ‘value added’ occurs as a result of transactions for transactions sake therefore nothing that can be considered ‘economic’ occurs either. With each year that passes without a sound economy instilling discipline and rational incentives the global economy continues to rot under the weight of trillions of transactions that due nothing but leech out wealth. HFT is a prime example of this. It adds nothing and takes a lot.

Yes, if your modus operandi is to front run legality then you’re bound only by direct intimidation. The winner is the one with the least morals in any battle..

Talk about virtuality, the reason this gaming mindset is touted as the future is because the rulers ain’t playin’. They are diehard assholes that will run you over and stuff you with desert sand..All trade for profit is in its core robbery. It has to be or it would be sharing.

Jo

Acting with impunity has become a habit for the Feds. It’s exactly what we’ve all been harping on about here. The US public was told from the start; “this is a stickup” so welcome to Stockholm.