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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Bill who wrote (60509)11/20/2011 3:55:20 PM
From: John1 Recommendation  Read Replies (3) | Respond to of 103300
 
I strongly agree, Bill.

I would add that the mainstream media no longer has one ounce of integrity or honesty left. Frankly, only people with low-IQs believe anything the mediots in the press say.

CBS, ABC, PBS, NBC, CNN, FOX, NPR, AP, Reuters, and most, if not all, major newspapers have ownership that pushes stories for the purpose of maximizing their advertising revenue across the disgusting, multicultural spectrum. That's why most Black-on-White crime is not reported.

Let's not forget that many of the bastards bragged openly about their biased and dishonest reporting [1]!!! -nfg-

1. Message 27691494



To: Bill who wrote (60509)11/20/2011 7:20:27 PM
From: DuckTapeSunroof1 Recommendation  Respond to of 103300
 
The Return Of Obvious Graft

58 comments
November 19, 2011
includes: C, GS, MFGLQ.PK, OCPNF.PK, QID

Felix Salmon
seekingalpha.com

It’s almost comforting to find a spate of financial scandals which involve simple, easy-to-understand illegal and unethical behavior, after all these years rummaging around in synthetic mezzanine collateralized debt obligations and the like. Three have particular salience right now:

  1. The Congressional insider-trading scandal. Spencer Bachus is the poster boy here: one minute he was getting highly confidential briefings from Hank Paulson and Ben Bernanke on the parlous state of the economy; the next he was loading up on contract options on Proshares Ultra-Short QQQ ( QID), a synthetic ETF designed to maximize profits when the stock market falls, and which is emphatically for day traders only.
  2. Olympus ( OCPNF.PK), which now seems to have channeled more than $2.5 billion to yakuza crime syndicates, including the country’s largest, the Yamaguchi Gumi.
  3. MF Global ( MFGLQ.PK), which increasingly looks as though it stole money in customer accounts.
There are lots of different flavors of wrongdoing in the world of finance. At companies like Enron, it’s illegal and extremely complicated. With individuals like Bernie Madoff, the scheme can be large and complex, but at heart the idea is pretty simple. And at banks like Goldman Sachs ( GS) and Citigroup ( C), which are paying the SEC hundreds of millions of dollars to settle charges that they did bad things in the synthetic CDO market, there’s an ongoing debate about whether their actions were wrong or illegal at all, and a huge chunk of Wall Street continues to believe that they weren’t.

With these latest allegations, however, we’re moving back to the kind of obvious wrongdoing uncovered by Ferdinand Pecora in the early 1930s. The world of global finance has certainly become more sophisticated and complex since those days, but the easy and obvious graft never disappears.

This article is tagged with: Macro View, Market Outlook, United States
More articles by Felix Salmon »





To: Bill who wrote (60509)11/20/2011 7:36:50 PM
From: DuckTapeSunroof1 Recommendation  Read Replies (1) | Respond to of 103300
 
Re: "It's just a push back on the media that refuses to cover stories that cast a negative light on liberals."

(You fall comfortably into Ari's exact meme for explaining why this is going on.)

I think he had the best explanation for this phenomena of masses of mostly demonstrably false claims being spread virally via no-or-low-cost email:

Perhaps the best theory comes from Ari Fleischer, who served as Bush’s first press secretary. Fleischer points out that conservatives traditionally mistrust mainstream news. E-mail is another way for them to put out their own messages, countering the perceived biases of traditional media sources, he says. “If you believe the liberal media is covering up,” Fleischer explains, then you might be more susceptible to believe and pass on an outrageous e-mail.

Re: "
And while a lot of the emails are indeed false, the majority are true."

Nonpartisan debunkers such as FactCheck.org, Snopes.com, PolitiFact.com, Emery and The Washington Post’s Fact Checker have ACTUALLY bothered to keep track and COUNT these chain-emails for many years now... so they have some hard numbers to turn to.

Do you? (Or is it just that you feel that way?)