Sunday, February 24, 2013
Sunday, May 2, 2010
Goldman Sachs Dog and Pony Show
Top representatives from Goldman Sachs maintained Tuesday that the company did not engage in any questionable business deals leading up to the financial crisis. A behind the scenes look at “Anderson Cooper 360°” and the stories it covers, written by Anderson Cooper, the AC360° staff and a network of contributors. Insight you can’t find anywhere else. AC360° scooped the rest of the Worlds press by posting 5 PDF's 11:31 AM ET, word for word testimony that was awaiting or still being delivered on C SPAN.
A Goldman Sachs PR stunt to get their story out in-order to spin the facts that their actions which had drastically depleted and in some cases totally wiped-out investors retirement or 401K accounts. Apparently Cooper had no clue of the advance information importance, information that totally contradicted most of the testimony that would be made that day.
A little slip in the PR Spine can be seen in "Testimony from Lloyd C. Blankfein "
Chairman and CEO, The Goldman Sachs Group, Inc.
Permanent Senate Subcommittee on Investigations
April 27, 2010 ; wherein "That complexity and the fact that some instruments couldn’t be easily bought or sold compounded the effects of the crisis", o how so wrong.
In Fact the easy manner in which those complex instruments could be sold compounded the crisis.
But the real nut cruncher was found in the "Testimony by David A. Viniar to the Senate Permanent Subcommittee",
"Through the end of 2006, we were generally long in exposure to residential mortgages
and mortgage‐related products. While this long position was the direct result of our market making activities, it was within our risk limits and we were comfortable holding it. That
December, however, we began to experience a pattern of daily losses in our mortgage‐related
products P&L as we marked down the value of our mortgage‐related inventory to reflect lower
market prices. P&L can itself be a very valuable risk metric, and I personally read it every day.
I called a meeting to discuss the situation, bringing together key people involved in
running the mortgage business, including senior business leaders and traders from the
mortgage desk, as well as senior staff and analysts from our independent control and risk
groups. We went through our positions and debated views on the mortgage market in
considerable detail. While we came to no definitive conclusion about how the overall market
would develop in the future, we became collectively concerned about the higher volatility and
recent price declines in our sub‐prime mortgage‐related positions.
As a result, we decided to attempt to reduce our exposure to these positions. We
wanted to get “closer to home” – that is, reduce our overall exposure to the residential housing
market consistent with our risk protocols. We proceeded to sell certain positions outright and
hedge our long positions in an attempt to achieve this result."
As early as December 2006 the People at Goldman Sachs knew they were in trouble and had started to short there positions...yet all throwout the Live testimony they attempted to imply that as the went short in late 2007 and 2008. They were still telling investors that there funds were sound even in to 2008 even though they started shorting in 2006.
A Goldman Sachs PR stunt to get their story out in-order to spin the facts that their actions which had drastically depleted and in some cases totally wiped-out investors retirement or 401K accounts. Apparently Cooper had no clue of the advance information importance, information that totally contradicted most of the testimony that would be made that day.
A little slip in the PR Spine can be seen in "Testimony from Lloyd C. Blankfein "
Chairman and CEO, The Goldman Sachs Group, Inc.
Permanent Senate Subcommittee on Investigations
April 27, 2010 ; wherein "That complexity and the fact that some instruments couldn’t be easily bought or sold compounded the effects of the crisis", o how so wrong.
In Fact the easy manner in which those complex instruments could be sold compounded the crisis.
But the real nut cruncher was found in the "Testimony by David A. Viniar to the Senate Permanent Subcommittee",
"Through the end of 2006, we were generally long in exposure to residential mortgages
and mortgage‐related products. While this long position was the direct result of our market making activities, it was within our risk limits and we were comfortable holding it. That
December, however, we began to experience a pattern of daily losses in our mortgage‐related
products P&L as we marked down the value of our mortgage‐related inventory to reflect lower
market prices. P&L can itself be a very valuable risk metric, and I personally read it every day.
I called a meeting to discuss the situation, bringing together key people involved in
running the mortgage business, including senior business leaders and traders from the
mortgage desk, as well as senior staff and analysts from our independent control and risk
groups. We went through our positions and debated views on the mortgage market in
considerable detail. While we came to no definitive conclusion about how the overall market
would develop in the future, we became collectively concerned about the higher volatility and
recent price declines in our sub‐prime mortgage‐related positions.
As a result, we decided to attempt to reduce our exposure to these positions. We
wanted to get “closer to home” – that is, reduce our overall exposure to the residential housing
market consistent with our risk protocols. We proceeded to sell certain positions outright and
hedge our long positions in an attempt to achieve this result."
As early as December 2006 the People at Goldman Sachs knew they were in trouble and had started to short there positions...yet all throwout the Live testimony they attempted to imply that as the went short in late 2007 and 2008. They were still telling investors that there funds were sound even in to 2008 even though they started shorting in 2006.
Seafood Industry-2010 Oil Spill
The Louisiana oil spill Is Now the Largest Ecological Disaster in US History.
BP Facing over $3 Billion in clean-up and Civil Litigation .
25% of America's Shrimp and 1/3rd of its Oysters are wiped out for the next 3 years...
Lawsuits on oil spill are pouring in from Texas to Florida... there will be hundreds of thousands of plaintiffs .
Seafood Industry in Louisiana and Mississippi is FINISHED < . > ever time the blow from a Tropical Storms hits the Barrier Islands, the Oil will be unburied effecting both nesting fowl and re-impact the water life food chain .
Several Port Harbors closed, Delivery at Gulfport Mississippi Canceled, Chiquita Banana prices will go up.
What you are seeing on top of the water is just the tip of the problem, liken to Icebergs the bigger problem is the Tar Oil being deposited on the Gulf's floor. A thick black sludge heaver then water is sinking and the lighter crud is rising up to the waters surface.
Ian R. MacDonald, an oceanography professor at Florida State University, said estimates from both Coast Guard charts and satellite images indicate that 8 million to 9 million gallons had spilled by April 28.
If you do the math, (disregarding the Coast Guards spokes person first Lies of no Oil Leaking , a must), and use the new 25,000 barrels a day X 42 gal a barrel, you get 1,050,000 gallons a day. That flow estimate of a million gallons a day matches the FSU professors Satellite reference data better then all previous reported flow numbers.
Get mad folks, this is going to hit you in the wallet. Drill Baby Drill, NOT, it's now time to outlaw Oil. Built your self a Moonshine Still !
BP Facing over $3 Billion in clean-up and Civil Litigation .
25% of America's Shrimp and 1/3rd of its Oysters are wiped out for the next 3 years...
Lawsuits on oil spill are pouring in from Texas to Florida... there will be hundreds of thousands of plaintiffs .
Seafood Industry in Louisiana and Mississippi is FINISHED < . > ever time the blow from a Tropical Storms hits the Barrier Islands, the Oil will be unburied effecting both nesting fowl and re-impact the water life food chain .
Several Port Harbors closed, Delivery at Gulfport Mississippi Canceled, Chiquita Banana prices will go up.
What you are seeing on top of the water is just the tip of the problem, liken to Icebergs the bigger problem is the Tar Oil being deposited on the Gulf's floor. A thick black sludge heaver then water is sinking and the lighter crud is rising up to the waters surface.
Ian R. MacDonald, an oceanography professor at Florida State University, said estimates from both Coast Guard charts and satellite images indicate that 8 million to 9 million gallons had spilled by April 28.
If you do the math, (disregarding the Coast Guards spokes person first Lies of no Oil Leaking , a must), and use the new 25,000 barrels a day X 42 gal a barrel, you get 1,050,000 gallons a day. That flow estimate of a million gallons a day matches the FSU professors Satellite reference data better then all previous reported flow numbers.
Get mad folks, this is going to hit you in the wallet. Drill Baby Drill, NOT, it's now time to outlaw Oil. Built your self a Moonshine Still !
Monday, April 19, 2010
US military base under Taliban control
Korengal Valley,"The Vally of Death",USA Defeated by Intense Fighting .US outpost now underTaliban control http://bit.ly/aMmP7C
Thursday, April 8, 2010
"Upheaval in Kyrgyzstan"
President Kurmanbek Bakiyev of Kyrgyzstan,(http://en.wikipedia.org/wiki/Kyrgyzstan ), told a Russian radio station he is Not admitting defeat http://bit.ly/9JVb9Q
Russia sent 150 troopers to support their 400+ already there protecting there air field.
Most of the street noise is Anti American, with 6 of the 9 provinces now following the self-appointed new leadership. The Army,trained by the old USSR, is very loyal to Russia and is now also reported to be in line with the new leadership.
Kurmanbek is holding on to power in the 3 most southern provinces,one a city state.
UBUIBIOK
Russia sent 150 troopers to support their 400+ already there protecting there air field.
Most of the street noise is Anti American, with 6 of the 9 provinces now following the self-appointed new leadership. The Army,trained by the old USSR, is very loyal to Russia and is now also reported to be in line with the new leadership.
Kurmanbek is holding on to power in the 3 most southern provinces,one a city state.
UBUIBIOK
Wednesday, March 31, 2010
#rfa
#RFA ,Radio Free Asia ...it is a 2 way street PRC intel has to retrieve from this side of the wall...http://bit.ly/9wC6AA
Thursday, January 21, 2010
Lady Gaga - Bad Romance
The Fight is on....Go-ogle Drops it's China Shields---
Beijing... By Peter Ford Staff Writer / January 21, 2010 , CSMonitor.com
Hillary Clinton’s fierce condemnation of Internet censorship in a speech Thursday, and her strong support for Google in its clash with Beijing, puts Washington on a collision course with China on a key issue of principle.
“The language of her speech amounts to a political showdown,” says Shi Yinhong, an influential expert on US-China relations at Beijing’s Renmin University. “This is what the Chinese government had hoped for least.”
The secretary of State’s blunt condemnation of China’s strict Internet censorship – a central plank in the government’s information policy - is likely to put new strains on Washington’s relationship with Beijing, in which the Obama administration has placed high hopes. ...
http://www.csmonitor.com/World/Asia-Pacific/2010/0121/Clinton-bluntly-condemns-China-on-Internet-censorship
Earlier Thursday, Chinese Vice Foreign Minister He Yafei had sought to depoliticize the conflict, insisting that Google should resolve its problems through legal channels, and that “people should not over-interpret [the incident] and say there is a problem between the Chinese and American governments.”
---
Well, guess what, The State Department looks like it's developing some Balls.
Edited by ubuibiok
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