This is real. Scary.
Category: News and Views
Required Reading: How To Fake An Economic Recovery | Niethercorp Press
‘You can take the blue pill and wake up in your bed and believe whatever you want. Or you can take the red pill and see how far down the rabbit hole goes…’ That line from ‘The Matrix’ applies to this piece by Giordano Bruno. If you’re having a tough time wondering how the stock market can go up while people are losing jobs and homes, this will give you something to hang your hat on.
WARNING: You can’t unlearn this information.
This may be a highly distasteful proposition, but just for a moment, I want you to sit back, and imagine that you are a member of the corporate banking elite. You are a walking talking disease ridden power mad pustule who naively believes himself intellectually superior to the vast majority of humanity and above the inherent laws of conscience, honor, and general good taste. You are a villain in the purest sense, in that you not only do great harm to the world, you actually SEEK to do great harm to the world, if only to benefit yourself and your exclusive circle of “friends”; a clan of degenerate blood thirsty sociopaths with delusions of omnipotence that stalk the night like Armani wearing Chupacabra exsanguinating the joy from poor unsuspecting cultures. You are capable of anything, and sadly, you take “pride” in this fact…
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Why Isn’t Wall Street in Jail? | Rolling Stone Politics
…the justice system not only sucks at punishing financial criminals, it has actually evolved into a highly effective mechanism for protecting financial criminals. This institutional reality has absolutely nothing to do with politics or ideology — it takes place no matter who’s in office or which party’s in power. To understand how the machinery functions, you have to start back at least a decade ago, as case after case of financial malfeasance was pursued too slowly or not at all, fumbled by a government bureaucracy that too often is on a first-name basis with its targets. Indeed, the shocking pattern of nonenforcement with regard to Wall Street is so deeply ingrained in Washington that it raises a profound and difficult question about the very nature of our society: whether we have created a class of people whose misdeeds are no longer perceived as crimes, almost no matter what those misdeeds are.
Homeowner Forecloses on Wells Fargo | Philly.com
A folk hero in the making!
The result: At least for the moment, the contents of Wells Fargo Home Mortgage, 1341 N. Delaware Ave., are scheduled for sheriff’s sale on March 4 to satisfy the judgment and pay about $200 for court and sheriff’s costs.
John Paulson’s Interview With The Financial Crisis Inquiry Commission | zero hedge
John Paulson, head of the hedge fund that made the ‘Greatest Trade Ever Made’ netting billions in just one day by shorting the subprime real estate finance market, testified before the Financial Crisis Inquiry Commission. This summary of his testimony makes interesting reading and is instructive of the forces at work in the collapse
“If ACA and IKB or Moody’s didn’t like the ~100 subprime reference securities we helped pick for the deal, they could have…not bought the deal or – get this – replaced them with ones they liked better…I couldn’t have gone short if they hadn’t gone long, they agreed on the reference portfolio, it got rated, boom, done” It sounded like he just wanted to say something like “Hello morons?! This is how Finance works, HELLOOO!!!”
The article also contains a link to audio of the testimony.
Controller Urges Support for CalPERS, CalSTRS Reform | California State Controller
State Controller John Chiang today announced he is sponsoring two bills to improve the performance of and the public’s confidence in the nation’s two largest public pension funds – the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS). The bills would cap the amount of gifts members and staff may receive each year, and require a pension fund board member or employee to wait two years after leaving before working with a firm that has business with the funds.
India’s Mumbai to get the Cybertecture Egg | GreenPacks.org
James Law Cyber Structure has been invited by Vijay Associates (Wadhwa Developers) to build an iconic egg shaped construction in Mumbai, India. The highly ambitious project will be done at Plot C70 of Bandra Kurla Complex, Mumbai; currently the most expensive piece of land in the country.
Eco Home-Building Kits (GALLERY)|trendhunter.com
The Lindal Elements home construction system is an ingenious and now eco-friendly modular house kit that marries convenience, efficiency, choice and eco-friendly concerns for aspiring home owners.
The Mitsuoka Himiko Electric Sports Car (GALLERY)|trendhunter.com
The Mistuoka Himiko is a stylish electric sports car that embraces vintage aesthetics while mastering forward-thinking eco-technology.
Based off a modern Mazda NC MX-5, the Mistuoko Himiko is more than just a pretty face with its shiny paint coat. Packing a 2.0-liter DOHC 4 in-line Engine, this rear-wheel drive beauty is powered by 168 Lithium batteries, which give it the power it needs to cover 341 miles per charge.
Congress Grills Zuckerberg On Plans To Share User Addresses, Cell Numbers | paidContent
If Facebook saw the light and realized that User IDs were sensitive info, how could it think that users’ home addresses and mobile phone numbers—“even more sensitive information” than a User ID—should be easily accessed by developers?
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Dispatches From The Front 