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MichaelC
Joined: 06 Jul 2006
Posts: 1895
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 Posted: Tue Feb 09, 2010 12:54 pm Post subject: |
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But let's also remember it's always wise to be at least a bit suspicious of anything that appears in print in the NewYork Times.
Their record for truth is not a good one...... |
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Rumpl4skn
Joined: 11 Feb 2006
Posts: 2600
Location: 36° 3'N x 86°40'W
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| Posted: Tue Feb 09, 2010 12:57 pm Post subject: |
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| MichaelC wrote: | But let's also remember it's always wise to be at least a bit suspicious of anything that appears in print in the NewYork Times.
Their record for truth is not a good one...... |
Unfortunately, the original version of that does not contain FD's highlighted bullet points. The average reader won't make as many conclusive connections. And I think it's safe to say that wasn't on Page One. 
AIG Insures Goldman, Goldman Bets On Inevitable Losses, AIG Takes Hit, Govt Bails out AIG.
See: Cigarette Manufacturers Invest Heavily in 'Quit Smoking' Solutions.
Or: Big Pharma Invests Heavily to Promote National Health Care.
Make sure you're in position to profit from the cure before you fully reveal the disease from which you've been profiting.
I would also like to watch for any AIG employees who die in "1 car crashes" over the next few years. To those who had ring-side seats to a massive financial disaster averted at the last minute, this has to smell funny enough to talk about at the water cooler most Monday mornings. |
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MichaelC
Joined: 06 Jul 2006
Posts: 1895
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| Posted: Tue Feb 09, 2010 1:23 pm Post subject: |
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And this latest story proves again that the ONE and the ONLY problem is the government/taxslaver bailout. Had AIG - and the est of them - been allowed to go totally bust with zero taxslaver rescues, it would in all likelihood have been the LAST time such an event took place.
Instead, such events will now continue with regularity(about every twenty years seems to be the timetable) as they always have! |
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Fintan
Site Admin
Joined: 18 Jan 2006
Posts: 4215
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| Posted: Tue Feb 09, 2010 1:56 pm Post subject: |
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| Quote: | Rumpl4skn:
Okay, so now larger light bulbs are beginning to illuminate over my head.
9/11 as a purely financial coup..... ...read on |
Great overview post. Nailed it.
So, tracking back over the thread, some
very, very interesting dots are connecting:
| Quote: | ATM:
With IPO cash dried up, investor confidence down and layoffs underway,
2001 would have been tough for financial services......
Then came Sept. 11. ....
...substantial files were destroyed [on 9/11, including] the agency's major
inquiry into the manner in which investment banks divvied up hot shares
of initial public offerings during the high-tech boom.
...read on |
| Quote: | Hombre:
One of the Bush administrations first acts upon re-election... allowed for
INVESTMENT BANKS, to carry far more debt on their books than
previously allowed under the old REGULATION.
This turned out to be Lehman Bros undoing...
it wasn't by accident because they were ENCOURAGED to take it on.
At the time of their demise.. ...NOBODY willing to extend ANY CREDIT
.....read on |
| Quote: | Rumpl4skn:
Speaking of connecting dots - let's not forget the very first place that
Pres Dubya flew directly to right after the My Pet Goat episode on 9/11,
while the country was "under attack" - Offut AFB, and supposedly a
meeting with Warren Buffett, the unabashedly admitted owner of the
mysterious white plane seen flying over Shanksville that day....
.....read on |
| Quote: | Fintan:
The 9/11 event was just one step on a path that was thirty to forty years
duration and that aimed to use the Baby Boomers' capital as a springboard
to globalization.... .....read on |
_________________
Minds are like parachutes.
They only function when open.
Last edited by Fintan on Tue Feb 09, 2010 3:43 pm; edited 4 times in total |
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Big Boss
Joined: 04 May 2008
Posts: 556
Location: Outer Heaven
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| Posted: Tue Feb 09, 2010 2:55 pm Post subject: |
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| Wow lol...excellent dot connections guys. Now its time to consider (again, and gladly so) 9/11 in a new light. Seems as though we'll look back to even today and wonder boy....we sure missed the mark. Amazing how much we're learning still about an event such as 9/11, definitely going to see the attack in a newer context now. |
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Rumpl4skn
Joined: 11 Feb 2006
Posts: 2600
Location: 36° 3'N x 86°40'W
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| Posted: Tue Feb 09, 2010 4:24 pm Post subject: |
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| Quote: | "...the subject which will be of most importance politically is Mass Psychology. ... The populace will not be allowed to know how its convictions were generated. ... As yet there is only one country which has succeeded in creating this politician’s paradise.”
- Bertrand Russell, The Impact of Science on Society, 1960. |
Not to mention, the categorized misdirections.
MILITARY: Rumsfeld's 'contributions', the references to Operation Northwoods, Cheney's war games, Operation Iraqi Liberation (OIL), no fighter intercepts. "It had to be a heavy military operation."
FINANCIAL: Larry Silverstein's insurance of the towers, the Put Options, Cheney and Halliburton contracts. The 'small change' money diversions that meant little, but became the focus of monetary investigations. Even though true, definitely worthwhile investments that did their job. How many millions of $ worth of put options left unclaimed are worth the grand prize of potentially a $200 trillion heist?
Not that any or all of those are necessarily lies, but all are deliberate misdirections, like the magician's gorgeous assistant. You're looking at the tits instead of the hands. |
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hawkwind
Joined: 19 Jan 2006
Posts: 532
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| Posted: Tue Feb 09, 2010 5:30 pm Post subject: |
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| Rumpl4skn wrote: |
Not to mention, the categorized misdirections.
MILITARY: Rumsfeld's 'contributions', the references to Operation Northwoods, Cheney's war games, Operation Iraqi Liberation (OIL), no fighter intercepts. "It had to be a heavy military operation."
FINANCIAL: Larry Silverstein's insurance of the towers, the Put Options, Cheney and Halliburton contracts. The 'small change' money diversions that meant little, but became the focus of monetary investigations. Even though true, definitely worthwhile investments that did their job. How many millions of $ worth of put options left unclaimed are worth the grand prize of potentially a $200 trillion heist?
Not that any or all of those are necessarily lies, but all are deliberate misdirections, like the magician's gorgeous assistant. You're looking at the tits instead of the hands. |
I will agree with you with one caveat ... OIL is a big factor in the equation but not as the "sudo-alternative" media would like you to think. China's aggressive oil rights negotiations with the Middle East, Iraq in particular, needed to be contained by the NWO. Only recently has China conceded to become a player ... G8 ... with the big boys of the NWO.
As a side note ... the "war" in Afghanistan is nothing but a bone thrown to the MIC by the NWO ... IMHO. Nothing can be gained by our continued involvement but coins in the coffers of the NWO controlled military ... 
- Hawk
_________________
"We'll buy some drugs and watch a band
then jump in a river hold hands ... "
- Bowie |
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Rumpl4skn
Joined: 11 Feb 2006
Posts: 2600
Location: 36° 3'N x 86°40'W
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| Posted: Tue Feb 09, 2010 5:59 pm Post subject: |
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| hawkwind wrote: |
I will agree with you with one caveat ... OIL is a big factor in the equation but not as the "sudo-alternative" media would like you to think. China's aggressive oil rights negotiations with the Middle East, Iraq in particular, needed to be contained by the NWO. Only recently has China conceded to become a player ... G8 ... with the big boys of the NWO.
As a side note ... the "war" in Afghanistan is nothing but a bone thrown to the MIC by the NWO ... IMHO. Nothing can be gained by our continued involvement but coins in the coffers of the NWO controlled military ...
- Hawk |
I didn't mean to sugest any of that was totally meaningless. Just that as an overview, the "military" aspect of it, and the theft of oil, was the headline grabber. And also perfect fodder for the ongoing Left vs Right theater of politics food fight to continue endlessly.
I tend to disagree that Afghanistan is not about anything but defense spending - there is the Caspian Sea pipeline there, plus the CIA's increased control of the opium crop is also a nice windfall. But yes, primarily a big fat bone to "the muscle."
I just mean that, in terms of focus, it's clear now why the more superficial aspects of what was going on were squarely in the forefront of discussion (as is the norm in all aspects of the MSM anymore). Exactly they way the debate over controlled demolition of the towers obscured the issue of the financial aspect of all those lives lost, if those buildings were designed from day one to come down, vertically, and easily. Explosives or not, it doesn't matter. The differential between lawsuits from a terrorist attack with "some negligence about public evacuations" and those levied due to a provably purposeful and flawed construction would be off the chart. |
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hawkwind
Joined: 19 Jan 2006
Posts: 532
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| Posted: Tue Feb 09, 2010 6:25 pm Post subject: |
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| Rumpl4skn wrote: |
I tend to disagree that Afghanistan is not about anything but defense spending - there is the Caspian Sea pipeline there, plus the CIA's increased control of the opium crop is also a nice windfall. But yes, primarily a big fat bone to "the muscle." |
Agreed, I was just putting Afghanistan in the context of why the NWO would continue to play this seemingly non-profit game ... as for the CIA, drugs and the pipeline ... that's another rat hole to be explored thoroughly ... big profits made for the even more "seedy" side of finance. 
- Hawk
_________________
"We'll buy some drugs and watch a band
then jump in a river hold hands ... "
- Bowie |
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Hombre
Joined: 07 Jan 2008
Posts: 939
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| Posted: Wed Feb 10, 2010 7:20 am Post subject: |
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I had this yesterday but was overcome by the weather and posting it simply got away from me. So here goes:
A link to a blog but just any blog, some of you may know this guy, he founded Overstock.com, his Name is Patrick Byrne. He has a tit for tat back and forth with Henry Blodget, if you follow wall street very closely then you must know him.
He goes into detail in regard to some things about naked shorting, Goldman Sachs, Wall Street boys in general and some of the things Fintan has covered above with his lines of thought. This guy is not your normal everyday run of the mill CEO. The read is a long one but worth the time because it paints a very very accurate picture of The Wall Street of today.
A BIT OF THE PIECE:
The Illustrious Henry Blodget Thinks I Am A Very Bad Man, Part 1
| Quote: | For some odd reason, I’ve never wanted to kick Henry Blodget in the throat. I’m not sure why: there are plenty of Wall Street miscreants whom I could, with less thought than I give to picking out my socks, and Henry is, famously, a Wall Street miscreant. But I’ve really just never felt the urge, likely through some hate-the-sin-love-the-sinner moral failing of my own (and surely, when observing those who immiserate millions of retirees, neglecting to hate the sinner is generally but lachrymose oversight of duty to fellow citizens). But I’ve never wanted to, not even metaphorically, and I still do not. Thus, I intend to let my recent correspondence with Henry Blodget stand on its own, with as little preamble from me as possible.
For those new to the game, however, a modest introduction about Henry Blodget is necessary. So here it is.
Who is Henry Blodget? First, watch this 2002 high-buzz advertisement Charles Schwab ran as a swipe against Merrill Lynch (NYSE:MER)Second, understand that this ad is about Henry Blodget, who, until shortly before, had been head of research for Merrill Lynch’s Global Internet Investment. As Slate.com immediately wrote of the “lip-stick on the pig” ad:
“This ad was produced right on the heels of Merrill Lynch’s public flogging for the sins of the infamous stock analyst Henry Blodget a few weeks back. And it was instantly interpreted as a direct shot at Merrill, so much so that CBS refused to air the Schwab ad at all. (Merrill, after all, is said to be a bigger advertiser on the network than Schwab is.)”
And as the New York Times wrote of the Schwab ad,
“In May, Schwab started airing a set of TV spots that pointed up the conflicts of interest of Wall Street firms that cater to both individual investors and corporate clients. The most controversial of those depicted a sales manager at an unidentified brokerage firm exhorting his troops to sell the stock du jour.
‘Let’s put some lipstick on this pig,’ the manager tells them.
Schwab’s timing was impeccable. The ads appeared about six weeks after Eliot Spitzer, the attorney general of New York, publicly contended that Merrill’s stock analysts had recommended stocks of companies they had privately maligned. In one e-mail released by Mr. Spitzer, a Merrill analyst called one of his recommended stocks a ‘dog.’”
Henry did much more than tout to the public a stock he privately considered a “dog”. PBS produced a fine 2002 story about Henry Blodget which provided a useful chart from which I excerpt: |
A Small break of Blodget's targets/companies he covered; you can read then in the link.
| Quote: | And so on and so forth. The bottom line is that Henry Blodget’s behavior towards the public of which he was putatively a fiduciary had what Hunter S. Thompson described (with reference to Nixon’s crew) as “a mean sort of consistency.”
Again, in the interests of brevity I will wrap up my preamble with the suggestion that the reader wishing to learn more might start with the SEC’s 2002 complaint against Henry Blodget.
Then read this 2003 SEC settlement announcement, “The Securities and Exchange Commission, NASD and the New York Stock Exchange Permanently Bar Henry Blodget From the Securities Industry and Require $4 Million Payment.”
Be sure not to miss the (again, Nixonian) “disclosure” he made to the public about his past when, in 2004, Henry Blodget was (I-shit-thee-not) hired as a financial journalist by Slate.com (the same organization that had previous written of “Merrill Lynch’s public flogging for the sins of the infamous stock analyst Henry Blodget”).
Finally, the reader should understand that in 2007 Henry co-founded Business Insider , a website devoted to reporting on the securities of companies in the technology industry. Which is, of course, not to be confused with participating in the securities industry from which, in a settlement with the United States Securities and Exchange Commission, NASD, the New York Stock Exchange, Henry had agreed to be…. well, permanently barred. |
Patrick has some e-mail exchanges with BloDget in the link as well, funny shit. 
LINK;: http://www.deepcapture.com/the-illustrious-henry-blodget-thinks-i-am-a-very-bad-man/
Pat did a Follow up which included more detail here:
The Illustrious Henry Blodget Thinks I Am A Very Bad Man, Part 2: The Essay Business Insider Requested Then Refused to Publish
Posted on 02 February 2010 by Patrick Byrne
| Quote: | OVERSTOCK CEO PATRICK BYRNE REPLIES TO HEDGE FUND CHOAGIES: WE’RE THE GOOD GUYS, YOU’RE THE BAD GUYS
“It isn’t what we don’t know that gives us trouble, it’s what we know that ain’t so.” – Will Rogers
I have spent five years trying to expose and disrupt bad behavior on Wall Street. I conducted this campaign through public appearances and DeepCapture.com, a site of investigative journalism I fund. Those I have attempted to expose have sought to prevent public understanding of my claims by generating a mish-mash of things for the public to “know [but] that ain’t so.”
Henry Blodget has graciously invited me to respond to them here. When some years ago Henry first wrote of me he prefaced his thoughts with something along the lines of, “I’m the last guy in the world to criticize someone for what he puts in an email, but…”: that, and the present invitation to which I now respond, demonstrate to me that Henry has a sense of intellectual integrity and, it appears, humor. I thank him for his invitation, and welcome this chance to set the story straight.
I will do so in three sections: The Fight, The Result, and The Cover-Up. |
He goes into detail and NAMES Name's if you know what I mean. Now this guy is the real deal, and he even say's the MSM will not touch his articles in any way. Obviously one is drawn to the question: Why?
The cover up he mentions above is most interesting. But first he talks about what are called Bear Raids.
THE FIGHT:
| Quote: | THE FIGHT
My argument can be expressed in three points:
1) Participants in our capital market take for granted the settlement system running behind the scenes, but more slop exists in that settlement system than is commonly understood.
2) Stock manipulators can employ this settlement-slop when they conduct bear raids. One of their techniques is “naked short selling” There are others that are not, technically, “naked short selling” but which have essentially the same effect (e.g., failed long sales, failed offshore deliveries, abuse of the option market maker exception to create married puts or “bullets”, swaps, daisy-chaining, “bed-and-breakfasting” and perhaps other methods understood only by a handful guys who are bright lights in that lofty firmament which is Caribbean banking).
3) In August, 2005 I gave a webcast (“The Miscreants’ Ball”) where I discussed the pattern of modern bear raids. The pattern I described included such elements as:
a) a group of hedge funds which seemed to be on the scene wherever stock manipulation occurred;
b) some putatively independent analysts and journalists who seemed to be shilling for those hedge funds;
c) an “independent” research shop named Gradient who was writing hatchet-jobs on cues given by hedge funds like Rocker Partners (I made public affidavits from three ex-Gradient employees attesting to this and to reporter Herb Greenberg’s participation in the scheme);
d) Milberg Weiss, a class-action law firm which filed lawsuits in coordination with these bear raids;e) Jim Cramer, the man in whom the stock manipulators and journalists seemed to intersect;
f) Eliot Spitzer, a New York Attorney General with problematic ties to this group;
g) and the SEC, whom I accused of not protecting the public due to having grown inappropriately close to powerful Wall Street interests |
He has nailed many of the players, or at least some who, by learning about that activities, you can then learn to understand Wall Streeet a bit better.
Do read the rest here:
http://www.deepcapture.com/the-illustrious-henry-blodget-thinks-i-am-a-very-bad-man-part-2-the-essay-business-insider-requested-then-refused-to-publish/
Hombre'
Hawk and others take on the Cluster Fuck called : Afghanistan is interesting: There is much more involved than just running around country looking for and shooting at the EVIL Taliban. Maybe a thread devoted to breaking Afghanistan apart as it relates to current Geo-Political/NWO Events is in order. |
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Fintan
Site Admin
Joined: 18 Jan 2006
Posts: 4215
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| Posted: Wed Feb 10, 2010 10:44 am Post subject: |
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That's a good line of inquiry by Hombre
on the financial manipulation of markets.
I covered Patrick Byrne of Overstock
in a post back in August '08. Good guy.
Here's a bunch of links on Warren Buffet, with connecting dots to
AIG, Mitre and much more. (Martin Armstrong said he heard that
Buffet had brought Gates in on some deals.)
One interesting question is raised by Buffet's ConocoPhillips buy.
With timing that bad, either he's not much of an insider.... Or he
and the other 'Boys' got burned bad when the oil scam imploded,
as a result of the general economic collapse. Goldman Sachs were
notorious for ranting about $200 or $300 oil.
| Quote: | Warren Buffett confessed:
I told you in an earlier part of this report that last year I made a major mistake.... I bought a large amount of ConocoPhillips stock when oil and
gas prices were near their peak. I in no way anticipated the dramatic fall
in energy prices that occurred in the last half of the year.... the terrible
timing of my purchase has cost Berkshire several billion dollars.
http://www.gurufocus.com/news.php?id=50143 |
_________________
Minds are like parachutes.
They only function when open.
Last edited by Fintan on Wed Feb 10, 2010 6:06 pm; edited 1 time in total |
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Big Boss
Joined: 04 May 2008
Posts: 556
Location: Outer Heaven
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| Posted: Wed Feb 10, 2010 2:26 pm Post subject: |
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Now here's some interesting news concerning "Move Your Money"
| Quote: | New Mexico House Passes Sweeping Funds Bill
2/9/2010
By Jim Rubenstein
The clash between banks and credit unions over public fund deposits took an unorthodox twist with community banks and CUs teaming up to pass, 65-0, a milestone bill in the New Mexico House.
The bill enables a possible switch of $2-5 billion of state funds into CUs and small banks.
If enacted, the municipal funds bill, in the works since last year and still subject to a Senate vote, would represent a setback to large national banks, like Bank of America and Wells Fargo, which have had a lock on such funds.
The altered view of New Mexico lawmakers in favoring local control of state funds, officials said, follows national mention of the New Mexico effort in the “Move Your Money” campaign of New York pundit Arianna Huffington in her online Huffington Post columns.
“I think Huffington gave this bill a little traction,” said Juan Fernandez, vice president of government affairs for the Credit Union Association of New Mexico, which has been cooperating with the New Mexico Bankers Association in pushing the bill. Though large banks are members of NMBA, its leadership has been dominated by small community banks, which like CUs seek the funds.
Sources said that despite the support for the bill, it still may face quiet opposition from the large bank lobby which may seek to stall or defeat the measure. |
Sometimes....all it takes is one State to make a move... |
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hawkwind
Joined: 19 Jan 2006
Posts: 532
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| Posted: Wed Feb 10, 2010 4:12 pm Post subject: |
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| Quote: | Patrick Byrne, Overstock.com, Chairman & CEO
Saturday, June 13, 2009
Patrick Byrne discusses how Internet taxation and a process called "naked short selling" are hurting companies that rely on the Internet and U.S. small businesses.
Washington, DC : 40 min. |
http://c-span.org/Watch/Media/2009/06/13/HP/A/19777/Patrick+Byrne+Overstockcom+Chairman+CEO.aspx
_________________
"We'll buy some drugs and watch a band
then jump in a river hold hands ... "
- Bowie |
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Big Boss
Joined: 04 May 2008
Posts: 556
Location: Outer Heaven
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| Posted: Wed Feb 10, 2010 5:01 pm Post subject: |
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| I'm just devouring and analyzing all of the analysis you guys are putting out lol, thanks for the posts guys. sorry Fintan if my post was a little off topic. I figured it was bank related and I do remember you mentioning "Move Your Money" and how great it would be if mass numbers of citizens would move their money out of the banks, so I thought the article I posted was somewhat (potentially?) of a start of that very process. |
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bri
Joined: 16 Jun 2006
Posts: 2372
Location: Capacious Creek
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| Posted: Wed Feb 10, 2010 6:07 pm Post subject: |
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While you were all posting
your excellent analysis
this happened...
Weird timing.
| Quote: | Former Treasury Secretary Henry Paulson, investor Warren Buffett say nation may profit from bank bailout
http://www.oregonlive.com/politics/index.ssf/2010/02/former_treasury_secretary_henr.html
By The Associated Press
February 09, 2010, 1:03PM
OMAHA, Neb. -- Henry Paulson, the former Treasury chief, and billionaire Warren Buffett said taxpayers will recover every cent paid out to banks during the economic meltdown and may even turn a profit.
The staunch Democrat investor and the Treasury secretary under President George W. Bush spoke onstage Tuesday before 2,400 at the Greater Omaha Chamber of Commerce's annual meeting.
Paulson in his recently released book defended the government which scrambled to prevent failing U.S. banks from dragging down the global economy with them.
"As bad as this is, when we look back it's not as bad as it could have been," Paulson said.
And he said the United States is better off today than most countries.
"Every other major economy has many more significant challenges than we do," Paulson said. But he said several significant challenges remain.
Paulson said he thinks compensation is normally out of whack on Wall Street, but now in the wake of all the government bailouts, many executive pay packages are excessive.
"I think today restraint is very much in order for the top people," Paulson said.
Paulson's 500-page book, "On the Brink: Inside the Race to Stop the Collapse of the Global Financial System," offers a chronological account of the rush to prevent an economic disaster as Lehman Brothers and American International Group spun toward collapse in September 2008. Paulson served as treasury secretary from June 2006 to January 2009.
Buffett led the talk by asking Paulson about the book but didn't make many comments himself.
Buffett said Paulson's book gave him an appreciation of how well former President George W. Bush understood the economy and events during the crisis.
"Through the book, I gained more appreciation for what he did in this situation," Buffett said.
But Buffett, the longtime Democrat, also pointed out Paulson's positive statements about President Barrack Obama.
Buffett praised the actions of Paulson, Federal Reserve Chairman Ben Bernanke and Paulson's successor, Treasury Secretary Timothy Geithner.
Paulson also thanked Buffett, an icon to thousands of investors, who advised the former Treasury chief during the worst days of the economic downturn.
"He was a real source of strength during the financial crisis," Paulson said.
Buffett, is chairman and CEO of Omaha's Berkshire Hathaway Inc., a holding company with a roughly $173 billion market capitalization.
He plowed $5 billion one in Paulson's former firm, Goldman Sachs, as the company struggled.
--The Associated Press |
I don't put 9/11 past any of these guys
if they can make statements like the above.
No fucking souls. |
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