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Pastimes : Business Wire Falls for April Fools Prank, Sues FBNers -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (2082)	5/5/1999 11:44:00 PM
From: Elllk	Read Replies (2) \| Respond to of 3795

In fact, Greenspan, and other great leaders of ours, provide very good instances of how the lies of official truth are tolerated when indulged in for the benefit of those who officially know what is best for our country. And the BW nonsense, as well, reflects the self-serving manner in which corporations use the law more and more in small (and SLAPP) minded, petty, and penny ante efforts, with little to lose or gain while putting individuals through horrfic pressures of many kinds. [On SLAPPs, Nader and Smith have a lot to say in their book "No Contest"] One example of the former--not officially considered to be of great import: During the mid-1980's all the Washington insiders knew the Savings and Loan crisis was brewing. Greenspan, as a private consultant (and not the only one by far), was hired to do reports on 16 S+Ls around that time, including Charles Keating's infamous Lincoln Savings and Loan. Greenspan's reports indicated that they all were following sound operating principles under the leadership of a high level of management expertise. Of course, 14 of the 16 failed later. Greenspan, to my mind, put himself in good position to get the Chairmanship of Fed by demonstrating that he could do the work necessary to our society, as determined by those who determine such things. Ronald Reagan, it has been noted, completed his two terms in office without ever making so much as a reference to any S+L crisis. That is how well it was hidden from the public. It was intentionally held back for a new administration to deal with. At the same time the crisis was announced the solution was also announced. That machination served some political ends but also made it certain that by the time the crisis became public knowledge it would be much too great a problem to be handled by the small amount of S+L and banking insurance reserves available, thus would have to handled by another trip to the public till. Reagan only lied by omission and Greenspan was not the only functionary, by a long shot, who paid his dues. A host of public and private eminences lied through their teeth and through their sterling credentials, as well, including William Seidman, Chairman of the FDIC. Does this get us around to the vicious sneak attack made on one of our AIRCRAFT CARRIERS by two sampans and an outrigger in the Gulf of Tonkin? Kind of makes the current great agony of BW, and their heroic stance for justice, look just a mite, just a little bit, pathetic. No??