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To: jmiller099 who wrote (94949)3/5/2009 8:30:26 AM
From: koan   of 115618
 
>>Seems they had good planning and fiscal sense...<<


China sends their kids to UC Berkeley, Harvard and Stanford to get their MBA's, and then when the kids return, they listen to what they have to say.

We followed an economic theory that said capitalism was totally "self regulating" and government has no place in the market place to regulate them.

That was the theory followed by all presidents for the last 30 years and our economic leaders like Gramn, Greenspan, Rubin
and the rest.

No wonder our economiy blew up. We followed an economic theoery a 10 year old kid could tell you was nuts-lol.

Like thinking one can run a large city with no police or firemen.

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From: Sr K3/5/2009 8:43:59 AM
   of 115618
 
14 Trading Firms Settle Charges for $69 Million

DIANA B. HENRIQUES

Published: March 4, 2009

More than a dozen Wall Street trading firms systematically cheated their customers of millions of dollars by improperly slicing bits of profit from countless trades, federal regulators said on Wednesday.

...

Regulators said the firms had engaged in various types of “front-running,” ...

Regulators say specialist firms made a total of $58.4 million, which should have gone to their customers.

According to the S.E.C., the improper trading occurred from 1999 to 2005 on the American Stock Exchange, the Chicago Board Options Exchange, the Philadelphia Stock Exchange and the Chicago Stock Exchange.

...

According to regulators, the improper trading activity was detected through examinations by the S.E.C.’s compliance staff and investigated by its enforcement division, with the cooperation of the Financial Industry Regulatory Authority, the securities industry’s self-regulatory organization, and compliance staff members at the various exchanges.

A version of this article appeared in print on March 5, 2009, on page B1 of the New York edition.

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From: JakeStraw3/5/2009 9:19:40 AM
   of 115618
 
GM auditors raise doubts about viability, company says Chapter 11 possible if bailout fails
finance.yahoo.com 

The company faces a March 31 deadline to have signed agreements of concessions from debtholders and the United Auto Workers union to show the government it can become viable again. On Feb. 17 it submitted the restructuring plan to the Treasury Department that includes laying off 47,000 workers worldwide by the end of the year and closing five more U.S. factories.

GM said in its filing that its future depends on successfully executing the plan.

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To: Sr K who wrote (94958)3/5/2009 9:22:21 AM
From: The Reaper   of 115618
 
According to regulators, the improper trading activity was detected through examinations by the S.E.C.’s compliance staff and investigated by its enforcement division, with the cooperation of the Financial Industry Regulatory Authority, the securities industry’s self-regulatory organization, and compliance staff members at the various exchanges.

SEC caught that but missed Madoff? I guess cuz Maddog didn't have any real trades to investigate.

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To: Broken_Clock who wrote (94952)3/5/2009 9:24:08 AM
From: koan   of 115618
 
Modern day economics is a thousand times more complicated than any modern day economic theory can wholey address.

E.g. CDS, CDO, deriviitaves, hedge funds, legal issues, cross trading, international carrry trades, with calls and puts and algorithiums, Einstien would have trouble following.

And to make things worse for the last 30 years we have had criminals and idiots running our economic system.

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To: 6821massey who wrote (94945)3/5/2009 11:39:24 AM
From: benwood   of 115618
 
I significant number of malware exploits reinstall themselves after you've deleted them. The "Windows XP Security Center" is one I tried to remove from my parents computer for hours. I finally tricked it into shutting up, but I could not dig out out of the registry successfully. Just before reformatting their PC, I tried a free utility I downloaded (from a real malware protection site) and it actually worked. This exploit, btw, kept popping up a message saying that you had x number of viruses, and to click here and for $49 you could download the cleaner. Extortion, in other words.

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To: koan who wrote (94947)3/5/2009 11:42:56 AM
From: benwood   of 115618
 
In the remake of It's A Wonderful Life, George Bailey exclaims, "Don't you see what's going on? China's not selling! China's buying!!!"

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To: koan who wrote (94961)3/5/2009 12:26:04 PM
From: Broken_Clock1 Recommendation   of 115618
 
And to make things worse for the last 30 years we have had criminals and idiots running our economic system.
===

Now we're in agreement! ...if you include politicians in the above.... -g-

I think you must agree that it is impossible to restore confidence in a system when the 'regulators' won't disclose what they are doing with the money, no?

In this case, calling Bernanke a 'regulator' sounds like a third rate mafia movie term for a hitman.

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To: benwood who wrote (94963)3/5/2009 12:36:55 PM
From: Sr K   of 115618
 
That's the remake of Trading Places:

"Don't you see what's going on? China's not selling! China's buying!!!"

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From: NOW3/5/2009 12:53:03 PM
1 Recommendation   of 115618
 


As a presidential candidate, Barrack Obama described the war in Iraq as one that “should never have been authorised and never been waged”. (www.wsws.org/articles/2009/mar2009/pers-m02.shtml) On February 27, as president, Obama saw it differently. He told US troops at Camp Lejeune, a Marine Corps base in North Carolina:

“You have fought against tyranny and disorder. You have bled for your best friends and for unknown Iraqis. And you have borne an enormous burden for your fellow citizens, while extending a precious opportunity to the people of Iraq. Under tough circumstances, the men and women of the United States military have served with honor, and succeeded beyond any expectation.” (’Obama’s Speech at Camp Lejeune, N.C.,’ New York Times, February 27, 2009; nytimes.com 

This might best be described as Generic Invader Nonsense (GIN). Much the same has been said by every war leader and general of every invasion in history. Did Goebbels not argue that Germany was fighting “tyranny” on the Eastern front in 1941? Were Indonesian armed forces not offering a “precious opportunity” to the impoverished people of East Timor in 1975?

Obama next directed his GIN to the people of Iraq:

“Our nations have known difficult times together. But ours is a bond forged by shared bloodshed, and countless friendships among our people. We Americans have offered our most precious resource – our young men and women – to work with you to rebuild what was destroyed by despotism; to root out our common enemies; and to seek peace and prosperity for our children and grandchildren, and for yours.”

The precise moment when the illegal invasion demolishing Iraq - the attack that "should never have been authorised and never been waged" - became a selfless act of friendship in pursuit of peace and prosperity was not identified. Did this happen half-way through 2003? Perhaps early 2004?

America and Iraq have indeed known “difficult times together” - the US has caused them and Iraq has suffered them. The US helped install a vicious dictator, Saddam Hussein, supporting him through his worst crimes, which Western governments and media worked hard to bury out of sight. It then inflicted the devastating 1991 Gulf War and 12 years of genocidal sanctions, which claimed one million Iraqi lives. The 2003 war and invasion have cost a further million lives, have reduced 4 million people to the status of destitute refugees, and reduced a wrecked country to utter ruin.

But Obama’s lies matter little to much of the public, anti-war activists among them. ‘You don’t understand,’ they tell us. ’Obama +has+ to say all this stuff - it’s not what he believes. He‘s out to change all this, but he has to say it.’

This involves a kind of treble-think. Politicians typically hide their ruthlessness behind compassionate verbiage. Obama, we are to believe, is hiding his compassion behind ruthless verbiage - Machiavellianism in reverse.

Which is exactly what was said of Clinton and Blair in the 1990s. Of course it could be the case now. But should we not aim to be a little more socially scientific in our political analysis?
medialens.org 

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