Recent comments

  • info. clusters & essay, focus: current era of economic history   1 day 7 hours ago

    AG Holder: “Thank you Fed and OCC”
    Posted on July 17, 2014 by William Black | 3 Comments
    By William K. Black

    The fact that Holder gave no “shout out” to the Fed and the OCC at the press conference, therefore, proves three facts. First, the agencies did not provide the direct aid to the FBI and DOJ that is essential to successful prosecutions against fraud epidemics. Second, the agencies’ examinations and follow-up supervisory actions regarding Citi were so poor that they failed to provide essential support to the prosecutorial effort. Third, the failure of Holder and Obama, and the regulatory leaders of the Fed and OCC to demand (and produce) the immediate restoration of the criminal referral process and to detail examiners to the FBI to support the major investigations is indefensible and ruinous. It reveals the administration’s true preferences – Bush and Obama refused to take the most basic steps to prosecute the elite banksters that led the fraud epidemics that caused the financial crisis and the Great Recession.
    The obvious question is whether the current crisis, caused by the three most destructive epidemics of elite financial frauds in history, is so much smaller than the S&L debacle that it warranted Bush’s and Obama’s Bush League provision. The S&L debacle was contained by the regulators and prosecutors before it could cause even a mild recession. Its total resolution cost was $150 billion. The current crisis caused the Great Recession and cost the U.S., according to the latest estimates by economists, $21 trillion in lost production. (A trillion is a thousand billions.) It also cost over 10 million Americans their jobs. Both of those losses are significantly larger in the EU. Even if we ignored the EU and ignore the loss of jobs (which we should not do) that would mean that the current crisis imposed costs that were 140 times larger than the S&L debacle.

    AG Holder: “The U.S. Announces the Indictment of Citigroup’s Senior Officers for Fraud”
    Posted on July 18, 2014 by William Black | 4 Comments
    By William K. Black

    Holder emphasizes that Citi’s controlling officers – over the vehement warnings of Bowen – continued to deliberately, eagerly, and knowingly buy “toxic mortgages.”  Holder knows that Citi’s officers knew that the “toxic mortgages” they were buying could only be resold through Citi making “reps and warranties” that the mortgages were not toxic waste.  Holder’s “statement of fact” repeatedly discusses reps and warranties.  (The recurrent claim that those selling loans in the secondary market had “no skin in the game” is false.)  As FCIC explains, one of the remedies that the purchasers of “toxic mortgages” from Citi had was to require Citi to buy back the mortgages.  What FCIC does not explain makes the point even more powerfully.  First, Citi would likely have to buy back the mortgages at the worst possible time when their value had plummeted.  Second, the purchasers had additional remedies including the ability to sue Citi for fraudulent reps and warranties and to secure punitive damages (or even treble damages under RICO).  FCIC draws the correct conclusion: Citi’s purchase and resale of “toxic mortgages” “endangered the company.”

  • The Rise of the Bankster Landlord   1 day 7 hours ago
  • We are subsidizing our own destruction.   1 day 7 hours ago

    Palindromedary ~ If pot were legalized people would probably smoke it in public en masse for a brief period of time at least. Already here in Oakland--which is rapidly becoming known as Oaksterdam--you can smell the stuff in the air in almost any major thoroughfare. However, this is just medical marijuana, not recreational marijuana; and, I don't believe this is going to become a norm. I think it is a fad and nothing more than the understandable backlash that several generations of obscene marijuana prohibition has fostered.

    Personally, I don't believe that public smoking of weed will ever be allowed to be as completely legal, common, and accepted in the public as cigarettes smoking once was; mostly, for the reason that you've just stated--it is quite annoying to most people who don't smoke. Besides, smoking really isn't the healthiest way to consume anything. It's best when turned into candy, chocolate, popcorn, pretzels, cookies, brownies, or almost any other kind of food--as is already available in medical marijuana facilities. It doesn't bother anyone else and can be consumed even by people with severe respiratory problems. In my opinion, in the future, smoking things will become a lost art simply because of the health and social complications. Till then we are just going to have to be tolerant if we really value our own individual freedoms. To insure our freedoms we have to completely respect the freedoms of others. Of course, in return, they will have to respect our freedom to breath clean air. 

    chuckle8 ~ I believe you might be mistaken. If I remember correctly, marijuana does not cure cancer. If it's regular recreational use helps to prevent cancer--or any other disease--that is unknown as of yet; although, there are good reasons to warrant studies in that area. More importantly there are plenty of people who are willing to volunteer for those studies and the only thing preventing the research is the law. What it is known, is that the consumption of Cannabis eases the symptoms and discomfort of chemotherapy and other toxic pharmaceutical treatments used to treat cancer and other diseases. Basically, it eases pain, reduces stress, causes drowsiness, and stimulates appetite.

  • The Rise of the Bankster Landlord   1 day 7 hours ago
  • Israel's Action in Gaza: 'Is This Not a War Crime?'   1 day 7 hours ago

    gumball wrote:

    Zenzoe wrote:
    Then answer my other questions.

    If one side of a conflicts only position is that the other side no longer exist does that not render all other questions moot? Am I wrong in my characterization of Hamas's position?

    Yes. Were both groups Jewish, I doubt the divide would exist and it certainly wouldn't turn violent. Were both sides Muslim, the same applies, though recent events in Iraq call that idea into question. The point, though, that incurable ideological differences exist and cause great suffering in humans everywhere, is still valid. There is a gorilla in the room here and it ain't Palestinian beliefs about the israeli state. The relevant "G" word isn't Gaza.

    Both groups suffer from a delusion that is incompatible with the other and with a peaceful region. Alas, even the American delusion- a soup of Jesus and imperialist entitlement- plays a role in this conflict, feeding into and off of the bloodshed. We callously call the Palestinian response "terrorism", as if a subjugate and captive people can be accused of intimidation. What a joke.

    The difference between a terrorist and a freedom fighter is which side of the barbed wire you live on. For the US to claim to want to negotiate, to find a solution and yet refuse to even speak to those who Palestinian leadership have chosen to represent them, is to kill the peace -deliberately-  through neglect or, worse, a cynical way of defining who is worthy of peace. It is the hight of hypocricy.

    Tell me you get that. 


  • F*** The EU - Neocons And The Neonazi Ukrainian Coup   1 day 7 hours ago

    US and Israel...mass murderers of the World! The world's biggest terrorist organizations!

  • The Rise of the Bankster Landlord   1 day 7 hours ago


    Holy Crap! I hadn't thought of the re-package thing but I did notice a little over a year ago our tax assessment went through a flip-over. I have a rental house and part of the ability to make money with a rental is through the depreciation of improvements over 27.5 years. My properties (home and rental) had the same basic split in values, approximately 35 % improvements and 65% land. Now and for the last two years it flipped the improvements to 65% and property to 35 %. A  30% increase in the deductible amount. I can't get it because it has been a rental for 15+ years and the deductible amounts were set then. I called our King County Appraiser and they said it was a reflection of the price land is/was selling for, but would not say anything more. I used to think it was just some local Richie Rich's wanting to make a few extra bucks but I now believe it is because of the oncoming billionaire landlords and how a 30% increase will make the paper they want to sell a lot more profitable!  As Teddy K. said so well, "When will the greed stop! How much is enough!"


    Jack K.


  • F*** The EU - Neocons And The Neonazi Ukrainian Coup   1 day 7 hours ago

    Roger Casement: Wow! a lot of information there! Thanks! I was trying to find out more about what OTPOR and CANVAS is and discovered this:

    CANVAS[ing] For The Nonviolent Propaganda Offensive:
    Propaganda In The Service Of Imperial Projects
    By Michael Barker
    26 March, 2011

    It mentions OTPOR ( a student resistance organization. OTPOR means "Resistance" in Serbian) and CANVAS (Center for Applied NonViolent Action and Strategies) and ICNC (International Center on Nonviolent Conflict) that was founded by Peter Ackerman.

    I knew about Peter Ackerman after I began looking into what Americans Elect (Peter Ackerman founded it) was all about. They had hit me up for a signature at a mall and I didn't sign it but wondered just who this group was so I checked it out. I came to the conclusion that they weren't exactly what they pretended to be. And when I found out about Peter Ackerman and just who he was I thought "holy cow" just what was he trying to pull right here in the US ? ...some of the shenanigans his organization was doing to foreign countries? They pretended to be against everything most of us 99% were against but were, secretly, very right wing. They had very wealthy right wing backers that wanted to privatize social security. But they never would disclose that.

    They would make Goebbels proud. Masters of deceit and propaganda. The "nonviolence" is not really true! When they foment revolutions lots of violence happens..lots of innocent civilians get killed..many not necessarily directly from a US military force but violence all the same. That's what they mean by nonviolence...that they don't have to send in OUR military.

    They are closely associated with right wing groups and the oil companies. I wouldn't even be surprised if they pay sock puppet shills in trying to influence bloggers on the internet to confuse them to get them to adopt a pro-US (read: pro-hegemonic) attitude.

  • Possible Twitter Witness From Spanish Flight Controller In Kiev - Says UKR Airforce did it   1 day 7 hours ago

    Maybe Kiev has something to hide.

    Here is a video published about a month before the MH17 was shot down. In the video anti-Kiev soldier, Elena, from Sloviansk is complaining of Kiev’s Air Force bombing civilian targets, not checkpoints or other military targets.

    In anger she mentions one incident in particular—remember this video was published on June 18, 2014 a month before MH17 was shot down—in which a passenger plane was flying over a residential area of the city Semenovka and a Ukrainian bomber jet hid behind it, lowered its altitude, dropped its bombs, then climbed back up to hide behind the passenger plane. She says in the video (click CC for translation), “They wanted to provoke the militia to shoot at the passenger plane. There would be a global catastrophe. Civilians would have died.”

    Malaysian Airlines MH17 Was Ordered to Fly over the East Ukraine Warzone: Malaysian Airlines Confirms that it was Instructed to Fly MH17 at Lower Altitude over East Ukraine

    On the matter of MH17’s flight path, Malaysian Airlines confirms that the pilot was instructed to fly at a lower altitude by the Kiev air traffic control tower upon its entry into Ukraine airspace.

     ”MH17 filed a flight plan requesting to fly at 35,000ft throughout Ukrainian airspace. This is close to the ‘optimum’ altitude.

    However, an aircraft’s altitude in flight is determined by air traffic control on the ground. Upon entering Ukrainian airspace, MH17 was instructed by Ukrainian air traffic control to fly at 33,000ft.”

    So why would the Ukrainian control tower divert MH17 over the Donetsk war zone, order MH17 to lower its altitude, and have a Ukrainian SU-25 fighter jet shadow its flight?

  • California Board Votes to Investigate Covert Climate Engineering 7/15/2014   1 day 8 hours ago


    Don't watch this #1

    Don't watch this #2

    C'mon young people...share these on Twitter!! And don't forget to share the big Global March #3 coming up in September...Global March Against Chemtrails and Geoengineering


    Thanks I couldn't figure out what that was about. I had fun looking closer at Michigan. I can't believe how they developed all the farmland in Farmington Hills. I used to live near the corner of 12 mile road and Halstead. Right next to my house was a very OLD cemetary. I see that they at least had enough respect to keep the cemetary but my house of course is gone along with the acreage behind it where I used to plant my garden. Halstead back then (early 70's) was a dirt road and 12 mile was only one lane each way with nothing but farms and a very few scattered homes around. It's so sad to see all the concrete and buildings. VERY SAD.

    I also noticed the middle school I went to in Livonia is now a YMCA! I GET NO RESPECT!  LOL....:-)

  • Possible Twitter Witness From Spanish Flight Controller In Kiev - Says UKR Airforce did it   1 day 8 hours ago

    Antifascist wrote:

    . So the New York Post claim that the rebels were going to "steal" the recorders is false--another dead horse.

    Grandstanding from Kiev, I guess that they have a lot to hide. They are the only alternative party in the area that had the missiles to hit a plane at 10,000 meters, and they are the only ones of who it was proven that they actually had the missile systems. Kiev also has control of the recordings of the conversation between the pilots and Kiev Airport.

    Moscow blasts Kiev’s false accusations and lack of cooperation with air crash investigators
    Published time: July 23, 2014 14:34

    The Russian Foreign Ministry has said Ukrainian authorities refuse to hold peace talks or help the international investigation of the Malaysian airliner disaster, preferring to throw absurd and unfounded accusations against Russia.

    Russia is mourning the passengers of the Malaysian Boeing together with the whole world, Foreign Ministry spokesman Aleksandr Lukashevich said in an official statement released on Wednesday.

    These innocent people were killed in the war that is currently being waged in Ukraine and it is important that the Kiev authorities refuse to announce an armistice which has been repeatedly suggested by the federalist fighters. The Ukrainian military continue to use heavy weaponry on towns and villages, including those that are in the immediate vicinity of the Flight MH17 crash site, Lukashevich said.

    “Every day and every hour representatives of the Kiev regime consider it necessary to make absurd and completely unfounded accusations against Russia instead of helping the full and unbiased international probe into the reasons for the disaster. According to recent reports, instead of helping Ukraine’s security services are holding some covert interactions with data carriers and employees of the Ukrainian air traffic controllers,” Lukashevich said in the statement.

    All this is obviously against the objective and unbiased investigation, the Russian diplomat added.

    Lukashevich also said that this was not the first case of such behavior on the part of the Ukrainian authorities.

    “Where is the promised investigation of the Maidan shooting? Who are the people that shot the police and the protesters from the building controlled by the Maidan committee? Their faces are well known, but I recall that many respectful news agencies and TV channels from Europe and the US have failed to provide the public with this information,” the spokesman stated.

    A coffin of one of the victims of Malaysia Airlines MH17 downed over rebel-held territory in eastern Ukraine, is carried from an aircraft during a national reception ceremony at Eindhoven airport July 23, 2014. (Reuters/Francois Lenoir)

    A coffin of one of the victims of Malaysia Airlines MH17 downed over rebel-held territory in eastern Ukraine, is carried from an aircraft during a national reception ceremony at Eindhoven airport July 23, 2014. (Reuters/Francois Lenoir)

    “Where is the probe into the terrible tragedy in Odessa where dozens of people were burnt alive, purposefully and in cold blood, and state officials participated in this? There people who jumped out of windows of the burning building were bludgeoned to death. I think that these things also were not shown to people in Europe and the USA,” Lukashevich said.

    The Russian official claimed the Western mass media had imposed “an information blackout” on many events that had happened, and that are still happening in the south-east of Ukraine.

    “Kiev authorities used weapons of mass destruction in villages, towns and densely populated cities in reply to the initially peaceful protest of the people who wanted to protect their rights. Missiles are exploding now in residential districts of Donetsk and Lugansk. Many hundreds of people have died. Those who consider this normal should stop using the stilted phrases about Human Rights,” the senior Russian diplomat stated.

    “What Kiev is doing now is immoral and inhumane,” Lukashevich concluded.

    Russia’s Foreign Ministry is again calling on all sides for an immediate ceasefire as this is a necessary condition for saving civilian lives and for the full investigation of the airliner tragedy.

  • Possible Twitter Witness From Spanish Flight Controller In Kiev - Says UKR Airforce did it   1 day 8 hours ago

     Palindromedary- It is not I disagree with your opniuon of the intentions and strategies of what you are roughly referring to a the military/financial complex of the west. But from an empirical and objective perspective, these situations of airplane crashes and other situations where forensic evidence can play a significant role, i think we need to limit such preconcieved notions

  • Australia rejects carbon tax   1 day 8 hours ago

    DynoDon wrote:

    But until countries like India, China, In Africa and the like participate in pollution reduction-why shoot your own economy in the foot? There's also something too commercial with carbon taxes and the selling of pollution credits-buy the right to pollute?

    BECAUSE DynoDon....THERE IS NO ECONOMY ON A DEAD PLANET and failing to act decisively and quickly to protect our environment, change the course of climate change,  PROTECT OUR WATER.......will inevitably cause GREAT SUFFERING and CATASTROPHIC CONSEQUENCES! Never before have we known so MUCH and done SO LITTLE!~ IT'S PATHETIC!

  • Germany returning to coal plants?????   1 day 8 hours ago

    This is depressing! They still don't realize that there is NO ECONOMY ON A DEAD PLANET! This news is sickening!

  • 100 Top HIV/AIDS Researchers Presumed Dead In Malaysian Airlines Flight MH17 Crash   1 day 9 hours ago

    I can sometimes catch catch a tiny glimpse of that measurement in my rear view every now and then.

    But there is also the offering that doing the same thing over and over again and expecting a different result is the measure of it.  Well, what about when "the same thing being done over and over again" is "trusting the official line"?



  • Possible Twitter Witness From Spanish Flight Controller In Kiev - Says UKR Airforce did it   1 day 9 hours ago

    Who would you rather believe, Putin or the lying bastards in the US who are puppets for the greedy monied interests who caused the financial collapse of 2008, the housing crises, crooked Wall Street and banksters, the military industrial complex, the people who are spying on us all? The Sheeple in the US are pretty dumb if they can't see who our real enemies are...the ones in power in the US. They lied us into a war in Iraq, about WMDs, have been overthrowing one country after another just as Ret. General Wesley Clark said.
    “We’re going to take out 7 countries in 5 years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan & Iran..” That was the plan anyway. They haven't done so well with Syria and Iran.

    It turned out that the US had been lying to it's citizens all along during the cold war. The greatly exaggerated Russia's armaments...purposely inflated the figures just so they could continue convincing the US taxpayers, through fear, to cough up more taxes.

    Who started the mess in Ukraine? was the Nazi Ukrainians who overthrew the legitimate government of Ukraine. And the US was behind it.

  • Possible Twitter Witness From Spanish Flight Controller In Kiev - Says UKR Airforce did it   1 day 10 hours ago

     Is the beating of the dead horse mentioning curveball, or just trying to get you guys to recognize the generally correct procedures of an investigation of this sort

  • Germany returning to coal plants?????   1 day 10 hours ago

    Lignite is the lowest grade of coal and the most polluting. Lignite power plants in Texas are called "dirt burners".  There is no such thing as "clean coal". 

  • Jailing the Homeless   1 day 10 hours ago

    Robindell wrote:

    Some Democratic politicians such as the president, who I wrote to, indicate that their goal for Americans when it comes to housing is home ownership.  EIther they are economically unrealistic or are too afraid to talk about poverty because of the class-based prejudice which has come about and because of the campaign contributions from bankers, developers, and business owners. 

    And none of that would happen to millions of people, in a libertarian society, while the haves get fewer and fewer, and the have-nots are left to huddle like penguins, unrealistically hoping the brutal winter someday ends.......

  • Shorten The Work Week-- Relieve Unemployment   1 day 10 hours ago

    captbebops wrote:

    Then there are those who are "salaried".  Often these folks are usually getting higher pay to begin with.  In this case if you can do the work required for the week in 6 hours then you can just screw off the rest of the week or go home as long as you are on call.

    As you can see the solution is quite complicated.  I've been a manager and it would be difficult to divide the same work between two employees just to split the jobs up.   The only reasonable solution seems to be recognizing (as Buckminster Fuller did over 60 years ago) that we have come to a point where you might actually have to pay people to not work!  This is quite confusing to people who still "think in the box."


    The fact that salaried are usually getting higher pay is so not the point. Who and what percentage of the county's slaried employees could go home and be "on call"?

    Yes, cap, we all know it's hard to parse out jobs in your field. But there are many jobs, including other fields of eng, that would be just fine with shared work.

    If I find,evaluate, and approve a component, that saves a boatlod of money on unnecessay LTB's or huge redesign costs, that's nice. But If a shared worker, with similar knowledge(there ARE alot of engineers also out of work you know) is less stressed by the lighter load, is able, and has more intent on finding more needles in haystacks, that's a better, and entirely possible thing.

    Who's anecdotal experience is more correct? It seems always yours........Who's the one in a box?.

  • Possible Twitter Witness From Spanish Flight Controller In Kiev - Says UKR Airforce did it   1 day 11 hours ago

    I am glad you got it all figured out. LOL, yeah, the crash investigators don't need the Kiev control tower communications with MH17. I guess we just take the Kiev fascists' word they have nothing to hide. So the New York Post claim that the rebels were going to "steal" the recorders is false--another dead horse. It must of been another Curveball scoop.

  • Shorten The Work Week-- Relieve Unemployment   1 day 11 hours ago

    Carlos Slim, among the richest men in the world, in an interview to a business and economic publication suggested a one-day-a-week work week. 

  • 100 Top HIV/AIDS Researchers Presumed Dead In Malaysian Airlines Flight MH17 Crash   1 day 11 hours ago

    Trying to find something by reading between the lines will only serve to drive you to madness.

  • Possible Twitter Witness From Spanish Flight Controller In Kiev - Says UKR Airforce did it   1 day 11 hours ago

    Regardless, the Dutch now have the black boxes so it is not as if there is anything that can be hid in this move.