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Up-North
Joined: 27 Jan 2010
Posts: 25
Location: Up-North USA
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 Posted: Mon Mar 15, 2010 7:43 pm Post subject: |
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This is really responding to some of the earlier comments here.
Although this is my first post, I have been following this site and the audios since 2004. The first Audio I heard was the “Peak Oil scam” with Dave McGowan before the 2004 election. What brought me to this site, and what has kept me here has evolved. As an Architect, questions about 911 brought me here in 04, but my interest in psychology and other life’s questions and meanings have kept me here. Good work BFN.
Enough about me.
I have never taken a psychedelic, but find a lot of depth and good ideas in Terrance McKenna. work. I know a few people on BFN are fans of Terrance, so what do you guys think of his Time wave zero and the theories behind it? His concepts and ideas are similar to what Carl has found in his Mayan research. Terrance, unlike Carl, found the Dec 21 2012 date to be the end of his time wave, which as some of you know he derived from studying the I Ch’ing back in the mid 1970’s. I don’t get caught up in the “end date” so much as try to feel and see the changes around me. As Terrance would say “the direct experience as YOU see it”.
Anyone ever read Michael Hayes – The Hermetic Code in DNA
Red Ice Creations had Carl Calleman on the show in 2008. How many have heard or visited that web site?
http://www.youtube.com/watch?v=r41emghwunU&feature=related
_________________
"Our minds are finite, and yet even in these circumstances of finitude we are surrounded by possibilities that are infinite, and the purpose of life is to grasp as much as we can out of that infinitude." A. N. Whitehead |
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Fintan
Site Admin
Joined: 18 Jan 2006
Posts: 5616
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| Posted: Sat Mar 27, 2010 4:24 pm Post subject: |
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Never got around to saying welcome to BFN.
So.... Welcome to BFN Up-North!
Though, you been around all the time, really. 
As I said elsewhere, McKenna's Timewave is not great
on the maths, but that was never his forte anyway.
Red Ice has been discussed here:
http://breakfornews.com/forum/viewtopic.php?p=15783
It's a bit hit an miss. He has interesting stuff sometimes, but
then he spoils it by interviewing the likes of David MI5 Icke.
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They only function when open. |
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Fintan
Site Admin
Joined: 18 Jan 2006
Posts: 5616
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| Posted: Sat Mar 27, 2010 4:37 pm Post subject: |
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So, the US Government believes
in some Conspiracy Theories, eh?
Virtually every bank involved declined to comment.
Defense lawyers "inadvertently" named the individuals and companies
in a motion. Very curious! Why? Tipping-off to the conspirators?
Looks like some people are going
to have to do time for this one......
| Quote: | "Nearly 30 bankers across more than a dozen financial companies have
been named by the government as suspected co-conspirators in a broad
investigation into the municipal derivatives market, according to court
documents." - Yahoo Finance |
| Quote: | JPMorgan, Lehman, UBS Named
in Bid-Rigging Conspiracy
By William Selway and Martin Z. Braun
March 26 (Bloomberg) -- JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to U.S. state and local governments on investments, according to documents filed in a U.S. Justice Department criminal antitrust case.
A government list of previously unidentified “co- conspirators” contains more than two dozen bankers at firms also including Bank of America Corp., Bear Stearns Cos., Societe Generale, two of General Electric Co.’s financial businesses and Salomon Smith Barney, the former unit of Citigroup Inc., according to documents filed in U.S. District Court in Manhattan on March 24.
The papers were filed by attorneys for a former employee of CDR Financial Products Inc., an advisory firm indicted in October. The attorneys, as part of their legal filing, identified the roster as being provided by the government. The document is labeled “list of co-conspirators.”
None of the firms or individuals named on the list has been charged with wrongdoing. The court records mark the first time these companies have been identified as co-conspirators. They provide the broadest look yet at alleged collusion in the $2.8 trillion municipal securities market that the government says delivered profits to Wall Street at taxpayers’ expense.
‘Sufficient Evidence’
“If the government is saying they are co-conspirators, the government believes they have sufficient evidence that they can show they were part of the conspiracy,” said Richard Donovan, a partner at New York-based law firm Kelley Drye & Warren LLP and co-chair of its antitrust practice. Donovan isn’t involved in the case.
The government’s case centers on investments known as guaranteed investment contracts that cities, states and school districts buy with the money they receive through municipal bond sales. Some $400 billion of municipal bonds are issued each year, and localities use the contracts to earn a return on some of the money until they need it for construction or other projects.
The Internal Revenue Service sometimes collects earnings on those investments and requires that they be awarded by competitive bidding to ensure that governments receive a fair return. The government charges that CDR ran sham auctions that allowed the banks to pay below-market interest rates to local governments.
CDR Fights Case
CDR, a Los Angeles-based local-government adviser, was indicted in October along with David Rubin, Zevi Wolmark and Evan Zarefsky, three current or former executives. The company and the three men have denied wrongdoing. Since last month, three former CDR employees who weren’t charged in the initial indictment have pleaded guilty and agreed to cooperate with the Justice Department.
More than a dozen financial firms are also facing civil suits filed by municipalities over the alleged conspiracy. Yesterday, U.S. District Judge Victor Marrero in Manhattan refused to toss out a lawsuit brought by Mississippi and other bond issuers.
Brian Marchiony, a spokesman for JPMorgan in New York; Doug Morris, a spokesman for UBS in New York; and Danielle Romero- Apsilos, a spokeswoman for Citigroup in New York, all declined to comment. A Societe Generale spokesman, Jim Galvin; Lehman spokeswoman Kimberly MacLeod, and GE Capital spokesman Ned Reynolds in Stamford, Connecticut, also declined to comment. Bank of America spokeswoman Shirley Norton in San Francisco declined to comment. Bear Stearns was bought by JPMorgan in 2008, the same year Lehman Brothers collapsed.
Laura Sweeney, a Justice Department spokeswoman in Washington, declined to comment.
‘Absolute Disaster’
Banks may choose to cooperate with prosecutors because in light of the government bailout funds they’ve received “ a guilty plea would just be an absolute disaster for some of these companies,” said Nathan Muyskens, a partner at Shook, Hardy & Bacon in Washington and former trial attorney with the Federal Trade Commission’s Bureau of Competition.
“There have been antitrust investigations where there have been companies involved that were just never indicted,” he said in a phone interview.
At the same time, the government will probably focus on seeking to convict individual bankers, he said.
“When someone goes to jail for five years, that resonates,” he said. “When a company pays $200 million, it’s simply a balance sheet issue. Jail time is what captures corporate America’s attention.”
Lawyers’ Filing
In a court filing yesterday, defense lawyers said they “inadvertently” included the names of individual and company co-conspirators in a motion asking the court to compel the government to provide more specific evidence of the alleged misconduct. They asked the court to strike the entire exhibit in which the list appears. Judge Marrero granted the request.
The government’s probe became public in 2006 when federal investigators raided CDR and two competitors and issued subpoenas to more than a dozen firms. The “co-conspirators” on the list released in court this week also included Wachovia Corp., which was purchased by San Francisco-based Wells Fargo & Co. in 2008. Elise Wilkinson, a Wells Fargo spokeswoman in Charlotte, North Carolina, didn’t return a call today seeking comment.
October Indictments
The indictments released in October didn’t identify any of the sellers of the investment contracts involved in the alleged conspiracy. They were identified only as Provider A and Provider B. They paid kickbacks to CDR after winning investment deals brokered by the firm, according to the indictments.
The firms did this by paying sham fees tied to financial transactions entered into with other companies, prosecutors said. Kickbacks were paid from 2001 to 2005, ranging from $4,500 to $475,000 each, according to the Justice Department.
According to the list contained in the court filing this week, the investment contracts involved were created by units of GE and divisions of Financial Security Assurance Holdings Ltd., a bond insurer formerly part of Brussels-based lender Dexia SA.
The kickbacks were paid out of fees generated by transactions entered into with two financial institutions that weren’t identified in the October court filing. The March 24 list filed by the defense named the two firms as UBS and Royal Bank of Canada.
Dexia Sale
Dexia completed the sale of FSA’s bond-insurance business in July to Assured Guaranty Ltd. of Hamilton, Bermuda, while retaining its outstanding investment contracts.
Thierry Martiny, a spokesman for Dexia in Brussels, declined to comment. FSA, based in New York, was the biggest insurer of U.S. municipal bonds in 2007 and 2008.
“We have no comment,” said Betsy Castenir, a spokeswoman for Assured Guaranty in New York, in an e-mail response. “Dexia has responsibility for the liabilities of the Financial Products business.”
Royal Bank of Canada “has been fully cooperating with the government,” Kevin Foster, a spokesman for the bank in New York, said in an e-mailed statement. “We have no knowledge or evidence of wrongdoing by any of our employees.”
The case is U.S. v. Rubin/Chambers, Dunhill Insurance Services Inc., 09-CR-01058, U.S. District Court, Southern District of New York (Manhattan).
http://www.businessweek.com/news/2010-03-26/ |
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Minds are like parachutes.
They only function when open. |
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Up-North
Joined: 27 Jan 2010
Posts: 25
Location: Up-North USA
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| Posted: Sun Mar 28, 2010 11:00 am Post subject: |
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Thank you for the welcome Fintan. Started listening to a few audios and reading some posts at first. From that point I tuned in more frequently, and did notice the other sites were not covering the NEWS the way I thought/felt, and the way people on BFN thought.
The deeper meanings to life have always been of great interest, even as a little child, and no other site covers those the way BFN.
The last two years have really opened the eyes of many more Americans. I have noticed even friends of mine that say I don't believe in "crazy conspiracy's" are looking deeper into things I suggest to them. I never try to push, that only detracts people and friends more. The finacial "crisis" will bring many more people into questioning EVERYTHING.
We move ahead to tougher, but brighter days.
_________________
"Our minds are finite, and yet even in these circumstances of finitude we are surrounded by possibilities that are infinite, and the purpose of life is to grasp as much as we can out of that infinitude." A. N. Whitehead |
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skinters
Joined: 07 Sep 2009
Posts: 189
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| Posted: Sun Mar 28, 2010 12:37 pm Post subject: |
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Excellent audio again.
laughed@ sucking on the tit of satan. |
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skinters
Joined: 07 Sep 2009
Posts: 189
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| Posted: Sun Mar 28, 2010 6:09 pm Post subject: |
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| Quote: | | Bank of America Corp., Bear Stearns Cos., Societe Generale, two of General Electric Co.’s financial businesses and Salomon Smith Barney, the former unit of Citigroup Inc. |
Just thought of something,are these above being used as expendable scape goats,no matter if they are in the wrong or not...kinda like focus attention on the small fry to take eyes away from bigger goings on ?.
Also it seems to be an exercise in saying we got the ones who fucked up,while the gov saves themselves.
So what's going on ?. |
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gt
Joined: 19 Oct 2009
Posts: 24
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| Posted: Sun Apr 04, 2010 2:39 pm Post subject: Looting Main Street |
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Looting Main Street
How the nation's biggest banks are ripping off American cities with the same predatory deals that brought down Greece
http://www.rollingstone.com/politics/story/32906678/looting_main_street
Essentially, the article, coming from the left, sticks to the 'corruption and payoffs' meme, but does allude to how widespread the problem is in the US. At least the author doesn't blame capitalism. |
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Fintan
Site Admin
Joined: 18 Jan 2006
Posts: 5616
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| Posted: Sun Apr 04, 2010 9:30 pm Post subject: |
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Yeah....
Despite the good stuff in his articles, in the end
Matt Taibbi is soooooooooo "on message".
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They only function when open. |
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Fintan
Site Admin
Joined: 18 Jan 2006
Posts: 5616
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| Posted: Mon May 17, 2010 7:58 am Post subject: |
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I've never been comfortable with the whole "Black Swan"
spin on events leading to the financial collapse. It was far
more predictable that that.
Nevertheless Nassim Taleb's points about the
current economic fundamentals is right on:
Also in this video from 3:30 on.
At 4:07 to 4:17 Taleb perfectly describes the NWO's "Sucker's Game" :
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They only function when open. |
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duane
Joined: 07 Mar 2007
Posts: 554
Location: western pennsylvania
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| Posted: Mon May 17, 2010 8:50 am Post subject: |
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hi Fintan,
a few comments
1. when asked about his association with the company involved with the 1000 point drop on thursday, he said "you don't blame the last truck over the bridge, you blame the engineer (who designed it)
2. but in his creds shown in the first video he is listed as teaching a class called "risk engineering"
3. the problem is in thinking that reality will confirm to mathematical models and that these models can predict anything
4. I wonder if any BP execs took his class
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