Outstanding points....does anyone know who Gary Starkweather is? Quite a genius accomplishment of his?
Anyone remember Dennis Hayes - another genius-level accomplishment? How about Steinmetz, Tesla and Farnsworth? Remember who coded the first hyperlink in a commercial product? Never discount that random factor.....
Not to mention that his mother was friends with Bill Akers at IBM, the CEO who handed Gates the greatest licensing monopoly in the history of humanity (DOS, that is) and Gates' uncle was the vice-president of a Seattle bank which gave Gates his principal first financing for M$.
Certainly not referring to the Doc as a "rube" - but must take exception and stick with the "fraud" terminology: the collusion between Markit, the banks (JP Morgan Chase, Citigroup, BofA) and the investment houses (chiefly Goldman Sachs and Morgan Stanley) along with Standard & Poor's "AAA" bond ratings to so much junk paper, does indeed constitute fraud of the most colossal and egregious sort.
And many of those pension funds and other types of funds, I feel reasonably certain, were not all that up on the paper trails, lines, etc., along which they had purchased.....
But agree we are the rubes, until that time when we truly revolt and restructure the system....
Not to offend the master, Doc+Ruby, but to phrase it as simply as possible:
One can only sell the same item so many times before the rubes begin to catch on. We call that fraud.
Thus, capitalism is dead, the economy is over, and everyone with two neurons to rub together now realizes that Wall Street - which really no longer exists - was nothing more than a professional thieves guild.
As s.f. author Robert A. Heinlein once said, "..big business killed free enterprise."
" But the poison only came from one source, a delinquent mortgage. There is no other source."
Actually, not quite.....
In reality, a small number of mortgage defaults shouldn't be causing all those hedge funds to collapse, the reality is that this entire financial fraud is modeled after both a Ponzi scheme and a tontine. When an unlimited number of derivatives are written upon other derivatives, which have been written upon yet other derivatives, one doesn't have finance, but absolute fraud.
This is why there are so many billionaires out there, super-crooks whose gargantuan sums of money are not supported by the existing money fund, nor by the existing economy. This is where the term "shadow banking system" derives -- money created out of nothing by and for the super criminals.....
And keep in mind that the residential mortgage sector is but the smallest blip in the entire derivatives market, where hundreds of hundreds of categories have been "securitized" -- everything from auto loans, credit card debt, corporate receivables, commercial real estate, leveraged buyouts, etc., etc., etc.
I believe it was Standard & Poor's "model" of those bundled securitized mortgage-backed CDOs, which DID NOT have any variable for housing prices falling, only variables for rises in housing prices.
As we all know, that is not a true model. Reminds one of that phony McKinsey Institute study proclaiming the profitability of the offshoring of jobs: it begins with the assumption that it is profitable to offshore jobs, then gives the end result that it is profitable to offshore jobs.
I would take strong exception to what you said. It is well-known as to what constitutes "spreading risk", as in the classic insurance pool example:
When a large group pays into an insurance pool, and there is the small number of payouts to the insured recipient (accident or health victim, etc.); THAT is spreading the risk.
But when a thousand or more insurance policies are taken out on one person, or entity, or bond, or corporation, without their knowledge of said transactions, then the most profit is realized by knocking off, or destroying, or devaluing said object of those policies.
THAT is compounding the risk to infinity. [Thanks to the economicpopulist.com for that most genius of phrases.]
Spot on, as usual, Good Citizen Shakrai, yours is the correct formula.
While the article in Wired was excellent, and props and kudos to the author from portfolio.com (an excellent general finance site), the most cogent and enlightening phrase from his article was:
"..an unlimited number of credit default swaps can be sold against each borrower.."
To understand this, which in reality applies to those other hundreds upon hundreds upon hundreds of subcategories of derivatives, is to begin to understand the enormity of the colossal cascading meltdowns to come, and why those numbers cited about national derivatives' markets, and global markets (as in over $100 trillion for the North American market and one quadrillion for the global market).
Nothing unknown or secretive about this, one need only following the timeline:
Also, research to see if your company has been sued before, and if so and if successfully, contact the attorney - or attorneys - involved...works beautifully.
For example, when having trouble in the past with a particular firm, I happened upon this website which was a tremendous help in solving my difficulties with them.
If what you say is actually happening (to the original poster), stopped being a "Class A" wussy and show some spine in this matter -- you remind me of all those jellyfish who train their H1B's to replace them.....
Wait...I admit it...I stole the phone. I keep trying M$'s number to give the damn thing back to them, but I keep getting a wrong number. What's up with this damn phone, anyway????
Wait...a peculiar red telephone booth just appeared next to me...I'll go try the phone inside it..........
Yeah....right......as the globalist swine posting to/. have been claiming year-after-year-after-year.....
Sorry, clowns, but it won't ever be happening in this century. It's about slave labor, the next trend is that the serfs --- and soon-to-be serfs in the Western Hemisphere will be joining their Chinese brothers in such conditions.....unless they grow a pair and take to the streets and overthrow the banksters....you know, those guys who have destroyed the economy, and are reaping ever more criminal profits from TARP and the "stimulus".....
Price tag to A.I.G. to date: $155 billion and counting....
Thing is, we don't create jobs by taxing corporations. We already have some of the highest corp. taxes in the western world.
If you actually cut corp taxes, more business would come to the US...give them credits for every US citizen given a job....stuff like that.
If they really wanted to get money into the economy quickly, why not just cut out the government middleman, and just declare a tax holiday on ALL payroll taxes.
That is without a doubt the biggest non sequitur ever. After my stat about the extraordinary high rate of failure of the corporations in paying taxes, you come back with the nonsensical rejoinder about our high rate of corp. taxes --- WHICH NO ONE IS PAYING!@!!!@
Yes, the overall tax base, of which 7% or less comes from corporate taxes now (it was once around 35% - where it would be if not for all the corporate super-crooks), aids in the upkeep of the infrastructure and provides the fundamental economy for investing, and amortization, of the national jobs base.
That payroll tax scam is the usual Heritage Foundation/Cato Institute/US Chamber of Commerce/National Association of Manufacturers propaganda......
Sorry, dood, you got that slightly wrong: that's government of the oilmen, by the oilmen and for the oilmen......hope we're clear on that???? Take care, all you humans.....
Well, Good Consumer clang_jangle, any and all money generated into this economy should stimulate things the way the economy is presently structured:
a 2/3's consumer-driven economy where Korporate Amerika is offshoring as many jobs as possible, or otherwise destroying the American job base, thereby ensuring the dissolution of the economy. Add to that the historically-colossal financial fraud known as the derivatives market, and monumental restructuring of the economy (or a short-term stimulus package) is greatly desired.
What's sad about this is that all those monies could come from that 72% of corporations which don't pay any federal taxes by utilizing those "money laundering" processes. Just as the TARP appears to be a last-grab by the Busheviks, so to it appears the bad guys have once again won.
Wrong, she was only twenty years of age, had been married since the age of seventeen, and her character and mindset is as pertinent in marrying a "questionable type" as in possibly giving the wrong directives to future victims.....And under no circumstances should any police agency hire someone who's husband is a wanted man.....
This is a pretty silly article to begin with, after all, humans are name-giving creatures.
Best places to hack into given the fact that the economy is over (and Wall Street has long been over): InterContinental Exchange, MarkIt Wire, Cayman Islands Money Authority, TradeSpark, etc.
It reminds me of those white-collar workers within the Twin Towers on 9/11/01, who dailed 911, only to be told by some witless 911 operator or other to remain in their building which had just been struck by an airliner.
Reminded me of that airhead I once knew who had been hired to be a 911 in NYC, even though her husband was a fugitive from the law and had an outstanding warrent on him.
Unbeleivable, but to be believed during these present times of ultimate lawlessness and corruption...I speak of those banksters, Jamie Dimon, Hank "the Skank" Paulson, Cayne, Phil and Wendy Gramm, etc., etc., etc.
Re:Not surprising - until we get surprised!
on
The Unmanned Air Force
·
· Score: -1, Flamebait
You do if your opponent has some sort of communications jamming technology."
Or, if they are unaware of remote piloting being utilized....oh, say on 9/11/01...but we could ask those developers of remote piloting software....but they were aboard several of those four airliners which crashed that day....oh, if only we had newsies in America to actually report the news.....
Slashdot Mirror
Outstanding points....does anyone know who Gary Starkweather is? Quite a genius accomplishment of his?
Anyone remember Dennis Hayes - another genius-level accomplishment? How about Steinmetz, Tesla and Farnsworth? Remember who coded the first hyperlink in a commercial product? Never discount that random factor.....
Not to mention that his mother was friends with Bill Akers at IBM, the CEO who handed Gates the greatest licensing monopoly in the history of humanity (DOS, that is) and Gates' uncle was the vice-president of a Seattle bank which gave Gates his principal first financing for M$.
Sorry, I meant not to mention it.......
Certainly not referring to the Doc as a "rube" - but must take exception and stick with the "fraud" terminology: the collusion between Markit, the banks (JP Morgan Chase, Citigroup, BofA) and the investment houses (chiefly Goldman Sachs and Morgan Stanley) along with Standard & Poor's "AAA" bond ratings to so much junk paper, does indeed constitute fraud of the most colossal and egregious sort.
And many of those pension funds and other types of funds, I feel reasonably certain, were not all that up on the paper trails, lines, etc., along which they had purchased.....
But agree we are the rubes, until that time when we truly revolt and restructure the system....
One can only sell the same item so many times before the rubes begin to catch on. We call that fraud.
Thus, capitalism is dead, the economy is over, and everyone with two neurons to rub together now realizes that Wall Street - which really no longer exists - was nothing more than a professional thieves guild.
As s.f. author Robert A. Heinlein once said, "..big business killed free enterprise."
Actually, not quite.....
In reality, a small number of mortgage defaults shouldn't be causing all those hedge funds to collapse, the reality is that this entire financial fraud is modeled after both a Ponzi scheme and a tontine. When an unlimited number of derivatives are written upon other derivatives, which have been written upon yet other derivatives, one doesn't have finance, but absolute fraud.
This is why there are so many billionaires out there, super-crooks whose gargantuan sums of money are not supported by the existing money fund, nor by the existing economy. This is where the term "shadow banking system" derives -- money created out of nothing by and for the super criminals.....
And keep in mind that the residential mortgage sector is but the smallest blip in the entire derivatives market, where hundreds of hundreds of categories have been "securitized" -- everything from auto loans, credit card debt, corporate receivables, commercial real estate, leveraged buyouts, etc., etc., etc.
Oh yeah....Wall Street has given us ANOTHER Waterloo.....
I believe it was Standard & Poor's "model" of those bundled securitized mortgage-backed CDOs, which DID NOT have any variable for housing prices falling, only variables for rises in housing prices.
As we all know, that is not a true model. Reminds one of that phony McKinsey Institute study proclaiming the profitability of the offshoring of jobs: it begins with the assumption that it is profitable to offshore jobs, then gives the end result that it is profitable to offshore jobs.
Not study that......
When a large group pays into an insurance pool, and there is the small number of payouts to the insured recipient (accident or health victim, etc.); THAT is spreading the risk.
But when a thousand or more insurance policies are taken out on one person, or entity, or bond, or corporation, without their knowledge of said transactions, then the most profit is realized by knocking off, or destroying, or devaluing said object of those policies.
THAT is compounding the risk to infinity. [Thanks to the economicpopulist.com for that most genius of phrases.]
Spot on, as usual, Good Citizen Shakrai, yours is the correct formula.
While the article in Wired was excellent, and props and kudos to the author from portfolio.com (an excellent general finance site), the most cogent and enlightening phrase from his article was:
"..an unlimited number of credit default swaps can be sold against each borrower.."
To understand this, which in reality applies to those other hundreds upon hundreds upon hundreds of subcategories of derivatives, is to begin to understand the enormity of the colossal cascading meltdowns to come, and why those numbers cited about national derivatives' markets, and global markets (as in over $100 trillion for the North American market and one quadrillion for the global market).
Nothing unknown or secretive about this, one need only following the timeline:
Financial Services Modernization Act (Gramm-Leach-Bliley Act)
Commodity Futures Modernization Act
InterContinental Exchange
Markit Partners, now Markit and Markit Wire
TradeSpark, etc.
"Now is the pay cut to enable M$ to survive or ..."
NO! It is to allow M$ to continue supporting the Discovery Institute, that right-wing nut job outfit that gave us Intelligent Design.
I kid thee not.....
I completely concur, a perfect move.
Also, research to see if your company has been sued before, and if so and if successfully, contact the attorney - or attorneys - involved...works beautifully.
For example, when having trouble in the past with a particular firm, I happened upon this website which was a tremendous help in solving my difficulties with them.
If what you say is actually happening (to the original poster), stopped being a "Class A" wussy and show some spine in this matter -- you remind me of all those jellyfish who train their H1B's to replace them.....
Just so long as it keeps one toxic a-hole from reproducing...the world is a much safer place.....
Wait...I admit it...I stole the phone. I keep trying M$'s number to give the damn thing back to them, but I keep getting a wrong number. What's up with this damn phone, anyway????
Wait...a peculiar red telephone booth just appeared next to me...I'll go try the phone inside it..........
Yeah....right......as the globalist swine posting to /. have been claiming year-after-year-after-year.....
Sorry, clowns, but it won't ever be happening in this century. It's about slave labor, the next trend is that the serfs --- and soon-to-be serfs in the Western Hemisphere will be joining their Chinese brothers in such conditions.....unless they grow a pair and take to the streets and overthrow the banksters....you know, those guys who have destroyed the economy, and are reaping ever more criminal profits from TARP and the "stimulus".....
Price tag to A.I.G. to date: $155 billion and counting....
That is without a doubt the biggest non sequitur ever. After my stat about the extraordinary high rate of failure of the corporations in paying taxes, you come back with the nonsensical rejoinder about our high rate of corp. taxes --- WHICH NO ONE IS PAYING!@!!!@
Yes, the overall tax base, of which 7% or less comes from corporate taxes now (it was once around 35% - where it would be if not for all the corporate super-crooks), aids in the upkeep of the infrastructure and provides the fundamental economy for investing, and amortization, of the national jobs base.
That payroll tax scam is the usual Heritage Foundation/Cato Institute/US Chamber of Commerce/National Association of Manufacturers propaganda......
Sorry, dood, you got that slightly wrong: that's government of the oilmen, by the oilmen and for the oilmen......hope we're clear on that???? Take care, all you humans.....
a 2/3's consumer-driven economy where Korporate Amerika is offshoring as many jobs as possible, or otherwise destroying the American job base, thereby ensuring the dissolution of the economy. Add to that the historically-colossal financial fraud known as the derivatives market, and monumental restructuring of the economy (or a short-term stimulus package) is greatly desired.
Suggest you read: John Kenneth Galbraith, His Life, His Politics, His Economics by Richard Parker.
Truly enlightening.....
What's sad about this is that all those monies could come from that 72% of corporations which don't pay any federal taxes by utilizing those "money laundering" processes. Just as the TARP appears to be a last-grab by the Busheviks, so to it appears the bad guys have once again won.
Ya know, I was actually with a cat girl for the night a few years ago....
Wrong, she was only twenty years of age, had been married since the age of seventeen, and her character and mindset is as pertinent in marrying a "questionable type" as in possibly giving the wrong directives to future victims.....And under no circumstances should any police agency hire someone who's husband is a wanted man.....
This is a pretty silly article to begin with, after all, humans are name-giving creatures.
Best places to hack into given the fact that the economy is over (and Wall Street has long been over): InterContinental Exchange, MarkIt Wire, Cayman Islands Money Authority, TradeSpark, etc.
Outstanding point, Good Citizen darkitecture.
It reminds me of those white-collar workers within the Twin Towers on 9/11/01, who dailed 911, only to be told by some witless 911 operator or other to remain in their building which had just been struck by an airliner.
Reminded me of that airhead I once knew who had been hired to be a 911 in NYC, even though her husband was a fugitive from the law and had an outstanding warrent on him.
Unbeleivable, but to be believed during these present times of ultimate lawlessness and corruption...I speak of those banksters, Jamie Dimon, Hank "the Skank" Paulson, Cayne, Phil and Wendy Gramm, etc., etc., etc.
You do if your opponent has some sort of communications jamming technology."
Or, if they are unaware of remote piloting being utilized....oh, say on 9/11/01...but we could ask those developers of remote piloting software....but they were aboard several of those four airliners which crashed that day....oh, if only we had newsies in America to actually report the news.....
Afraid you're ignoring cascading variables, the speeded up global warming leads to a probable Ice Age.....keep warm, dood!
Well said, Good Citizen dgatwood, well said.
Frankly, I don't think the coming Ice Age (methane + global warming) will give a frozen rat's ass in Hell about carbon offsets. Just me speaking.....