"Favoured private equity and insiders who swap US dollars for equity in the banking system will presumably be aware of the survivor bias being engineered on their behalf. Sovereign wealth funds, investment funds and private equity investors ripped off in the first round of recapitalisation may be willing to come back in once it is clear to them that the next round will benefit from official favouritism. Warren Buffett’s timely stake in Goldman Sachs is clearly linked to his confidence the Paulson Plan will benefit them disproportionately.
A factor which is probably critical but has received little discussion is that literally thousands of Bush administration apparatchiks will need jobs come January, and a fair selection of GOP House and Senate legislators and their aides too. What better way to enahance their CVs in their final months in power than to distribute $700 billion or so in pre-Christmas largesse to the most remunerative employers in the world? And what better way to ensure the corporate largesse is returned to the GOP to win back the White House and Congress in 2012 as the recession fuels public anger?
And then there is a huge arbitrage opportunity as well so that everyone makes money for years to come. According to the conference call, the pricing on offer from the Treasury will be a bit below Level 3 pricing.
The toxic assets will be repackaged and resold with a new AAA wrapper, possibly priced well below what the Treasury paid, assuring a huge profit on both immediate liquidation by the banks and ultimate maturity by investors.
The Fed gets its cash and Treasuries back; the banks make huge profits;
the foreigners and off-shore tax avoiders get disguised ownership of the American financial system;
the taxpayer gets ripped off.
What’s not to love?"
http://londonbanker.blogspot.com/2008/10/financial-eugenics-paulson-plan-for.html
From Doppel's CNN link above:
I remember reading quite a while ago that real terrorists stopped using the internet in the late 1990's when they realized governments could track them.
This monstrosity (and Trailblazer, instead of simple, cheap Thin Thread) was always intended to target the general population, as it sounds like Snowden was referring to with his "architecture of repression" comment.
I don't understand the issue.
Take Google or Facebook for instance. You use their services you have no expectation of privacy.
So what is the issue? I don't get it.
And given the interwoven enormity of the tax code, I'm sure you have, and I almost certainly have as well. Most people probably have done something wrong on their tax returns, including many working for the IRS.This. IRS going through my emails to make sure i didn't misreport any tax income...
I doubt it's even anywhere close to the top 100 list....
Not only is the government--with the blessing of federal courts (one step away from SCOTUS telling us to take in the rear now regarding court orders and cell phones)--lying to us, but corporations are. And hilariously, I can't even blame them as they are legally compelled now to lie about what they are doing. It is a huge fucking sham in the name of the make believe enemy (terrorism) that kills so few people it hasn't ever made it anywhere close to a top 10 list of deaths in the US, even in 2001. All this money and time spent on tomfoolery.
Facebook and Google can't prosecute me, take my kids and take my property.
I don't understand the issue.
Take Google or Facebook for instance. You use their services you have no expectation of privacy.
So what is the issue? I don't get it.
And their system did such a good job of stopping (or even detecting) the Boston bombing 🙄
Deceased Boston Marathon bombing suspect Tamerlan Tsarnaev came to the attention of the FBI on at least two occasions prior to a Russian government warning in March 2011 that said he appeared to be radicalizing, FBI Director Robert Mueller said in Congressional testimony this week.
The earlier references have led some lawmakers to question whether the FBI acted too quickly in closing an assessment of Tsarnaev's potential ties to terrorism done in response to the Russian request.
In a little-noticed exchange before the House Judiciary Committee Thursday, Mueller acknowledged that the Russian alert was not the first time the elder Tsarnaev brother crossed the FBI's radar.
"His name had come up in two other cases," Mueller said in response to questions from Rep. Steve King (R-Iowa). "Those two other cases, the individuals had their cases closed. So, he was one or two person [sic] away."
Hitler or Stalin would salivate over this "capability".
holy crap. I weep for what this country has become.
i feel more free while in canada and the bahamas than in my own country.
Never said they could, however it is your responsibility to control what you share with a 3rd party.
I don't understand the issue.
Take Google or Facebook for instance. You use their services you have no expectation of privacy.
So what is the issue? I don't get it.