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OT Wow Frontline The Warning...

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evodawg...
Posted: Fri Oct 23, 2009 8:41 pm
Guest
The true story of Wall Street and the Governments role in the Banking Crash
of 2008. I'm not one that toots any horns for PBS but this story has to be
seen!


Explains, Over the counter derivatives, the Black Box, Bankers Trust and
lawsuit brought on by Procter and Gamble in 1999 that started it all, and
Greenspan, Rubin and Sommers role in the whole mess.

http://www.dat-e-baseonline.com/front/a.asp?arg=8F7D995F927B7C656472797B628B73798C6A756E7E7B71

http://alturl.com/poi2
--
"You can lead them to LINUX
but you can't make them THINK"
Running Mandriva release 2008.0 free-i586 using KDE on i586
Website Address http://rentmyhusband.biz/
 
Steve Turner...
Posted: Fri Oct 23, 2009 8:53 pm
Guest
evodawg wrote:
Quote:
The true story of Wall Street and the Governments role in the Banking Crash
of 2008. I'm not one that toots any horns for PBS but this story has to be
seen!


Explains, Over the counter derivatives, the Black Box, Bankers Trust and
lawsuit brought on by Procter and Gamble in 1999 that started it all, and
Greenspan, Rubin and Sommers role in the whole mess.

http://www.dat-e-baseonline.com/front/a.asp?arg=8F7D995F927B7C656472797B628B73798C6A756E7E7B71

http://alturl.com/poi2

I saw that; it was very interesting.

--
See Nad. See Nad go. Go Nad!
To reply, eat the taco.
http://www.flickr.com/photos/bbqboyee/
 
DGDevin...
Posted: Sat Oct 24, 2009 2:39 pm
Guest
notbob wrote:

Quote:
Yup, Frontline is doing the best investigative documentaries on
American television.

Yep ....and they have been for 20+ years. Check out the episodes on
credit cards and poison water. They exposed the dot com crash a
decade ago. The problem with Frontline is, if you watch too many of
them at once, yer liable to slit your wrists.

nb

I saw the one on credit cards years ago, it's remarkable. Somehow they got
an interview with the guy who persuaded the banks they were doing credit
cards all wrong, and they needed to drop their minimum monthly payment and
increase interest rates, fees and penalties. Credit cards were originally
for people with good credit, those the banks could trust to pay up promptly.
But this guy had figured out the ideal credit card customer was someone who
managed money badly and thus would *never* pay off their balance, they'd
make far more in interest and fees on someone like that than a customer who
paid in full every month. Ironically the card industry's name for someone
who pays their balance off every month is "deadbeat."
 
Robatoy...
Posted: Sun Oct 25, 2009 4:29 pm
Guest
On Oct 25, 10:03 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:

Quote:

Buttercup, I was there when it was invented on Reddit by sniveling little
moron lefties that cannot handle anyone disagreeing with them.  Whatever
Beck is- or isn't, he isn't remotely as offensive as the half-wit chimps
that infest the social networking sites and left wing "media" culture...


It did not originate on Reddit.... and yet you claim you were there
when it did...
..
..
hmmmmmm
 
Robatoy...
Posted: Sun Oct 25, 2009 5:01 pm
Guest
On Oct 25, 10:38 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:
Quote:
Robatoy wrote:
On Oct 25, 10:03 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:

Buttercup, I was there when it was invented on Reddit by sniveling little
moron lefties that cannot handle anyone disagreeing with them.  Whatever
Beck is- or isn't, he isn't remotely as offensive as the half-wit chimps
that infest the social networking sites and left wing "media" culture....

It did not originate on Reddit.... and yet you claim you were there
when it did...
.
.
hmmmmmm

Perhaps not - I do not recall all the particulars as I prefer not to swim
in sewers.  Nonetheless, the whole meme got a lot of traction on Reddit
if it didn't actually originate there and my larger point stands:  Beck
gets heat because the people who oppose him are politically illiterate,
incapable of any sophisticated counterpoint, and generally intellectually
unkempt children.  Do I mostly agree with Beck? No.  Do I think he is
light years smarter and of higher integrity than his critics?  Yes.

--
--------------------------------------------------------------------------- -
Tim Daneliuk     tun... at (no spam) tundraware.com
PGP Key:        http://www.tundraware.com/PGP/

Higher integrity? Beck? Ohhhhkay.....*smirk* (You do know that Beck,
like GWB, is a dry drunk?)
Now.. about getting that help and those meds....was that a cry for
help, Tim?
 
Robatoy...
Posted: Sun Oct 25, 2009 7:03 pm
Guest
On Oct 26, 12:37 am, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:
Quote:
Robatoy wrote:
On Oct 25, 10:38 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:
Robatoy wrote:
On Oct 25, 10:03 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:
Buttercup, I was there when it was invented on Reddit by sniveling little
moron lefties that cannot handle anyone disagreeing with them.  Whatever
Beck is- or isn't, he isn't remotely as offensive as the half-wit chimps
that infest the social networking sites and left wing "media" culture...
It did not originate on Reddit.... and yet you claim you were there
when it did...
.
.
hmmmmmm
Perhaps not - I do not recall all the particulars as I prefer not to swim
in sewers.  Nonetheless, the whole meme got a lot of traction on Reddit
if it didn't actually originate there and my larger point stands:  Beck
gets heat because the people who oppose him are politically illiterate,
incapable of any sophisticated counterpoint, and generally intellectually
unkempt children.  Do I mostly agree with Beck? No.  Do I think he is
light years smarter and of higher integrity than his critics?  Yes.

--
--------------------------------------------------------------------------- -
Tim Daneliuk     tun... at (no spam) tundraware.com
PGP Key:        http://www.tundraware.com/PGP/

Higher integrity? Beck? Ohhhhkay.....*smirk* (You do know that Beck,
like GWB, is a dry drunk?)
Now.. about getting that help and those meds....was that a cry for
help, Tim?

At least they're dry.  You might try a 12 step program yourself ...
instead of your more usual two-step.


You always seem so quick on the trigger with a smart-ass answer, that
'glib' thing you do.
The "at least they're dry" remark makes it quite clear you have
neither a clue about 'dry drunk syndrome' nor the effects it has/had
on people in position where this can lead to very bad decisions, or
total lunacy.

Let me help you a little:

======="Dry Drunk" has been described as "A condition of returning to one's
old alcoholic thinking and behavior without actually having taken a
drink." Or as one wise old drunk put it, if a horse thief goes into
A.A. what you can end up with is a sober horse thief. Or a personal
favorite: you can take the rum out of the fruit cake, but you've still
got a fruit cake!

Those who quit drinking but are still angry about it, wind up living
miserable lives and usually make everyone else around them miserable
too. If it has been said once in an Al-Anon meeting, it has been
whispered thousands of times, "I almost wish he would go back to
drinking."
========
You may want to read up on this a little before shooting your mouth
off....again.
 
Tim Daneliuk...
Posted: Sun Oct 25, 2009 8:03 pm
Guest
Robatoy wrote:
Quote:
On Oct 25, 5:55 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:
Angela Sekeris wrote:
On Oct 25, 2:59 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:
notbob wrote:
On 2009-10-25, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:
You're missing my point.
I doubt it.
Let's face it, there will never be a totally unbiased view of anthing,
ever. You say Frontline has a biased liberal view. Probably. OTOH,
I don't see the conservative right exposing this stuff. Or did I miss
that one, too. Wink
nb
I agree that once you get beyond mere reporting of fact, any kind
of analysis always has some degree of bias in it. It just annoys
me that people like Frank - who were fundamentally responsible for
creating the insane regulatory environment - get a pass while
everyone else gets blamed.
And yes, there has been some reporting of the lefty's insanities by
the right-bent press. However - and again, let's be fair - there
are far, far more mainstream news sources (+NPR, +PBS) that bend
to the left, than the single successful right-bent news outlet of
Fox. Why else do you think Fox is so very successful? The entire
community of rightwingers have more-or-less only one network to
consume, while the lefties (who are overall smaller in number) are
divided across CBS, NBC, PMS-NBC, ABC, CNN, PBS, and NPR.
I assure you that I am not choosing sides on this one. Both sides
acted *horribly*. I just wish people would figure out that government
itself was instrumental in this mess - it enabled it, it ignored it,
it made things worse, and now government is in bed with the same
bozos that were part of it in the private sector. When folks wake up
to this, perhaps they won't be so quick to sign up for "more government
is the answer".
--
--------------------------------------------------------------------------- -
Tim Daneliuk tun... at (no spam) tundraware.com
PGP Key: http://www.tundraware.com/PGP/
It takes CBS, NBC, PMS-NBC, ABC, CNN, PBS, and NPR. et al to act as a
counterweight to the insanity of Faux news' fabrications.
Glen Beck has yet to deny that raped and killed a girl in 1990.
You're certifiable. Seek help and/or meds as needed.

--
--------------------------------------------------------------------------- -
Tim Daneliuk tun... at (no spam) tundraware.com
PGP Key: http://www.tundraware.com/PGP/

Then Beck is certifiable as well, as that is one of his/Faux News'
tactics. After all, Obama hasn't denied being a commie fag alien
junkie, has he?

Just for shits and giggles, plug Beck's rape charge into Google and
see what happens.

Buttercup, I was there when it was invented on Reddit by sniveling little
moron lefties that cannot handle anyone disagreeing with them. Whatever
Beck is- or isn't, he isn't remotely as offensive as the half-wit chimps
that infest the social networking sites and left wing "media" culture...


--
----------------------------------------------------------------------------
Tim Daneliuk tundra at (no spam) tundraware.com
PGP Key: http://www.tundraware.com/PGP/
 
Tim Daneliuk...
Posted: Sun Oct 25, 2009 8:38 pm
Guest
Robatoy wrote:
Quote:
On Oct 25, 10:03 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:

Buttercup, I was there when it was invented on Reddit by sniveling little
moron lefties that cannot handle anyone disagreeing with them. Whatever
Beck is- or isn't, he isn't remotely as offensive as the half-wit chimps
that infest the social networking sites and left wing "media" culture...


It did not originate on Reddit.... and yet you claim you were there
when it did...
.
.
hmmmmmm


Perhaps not - I do not recall all the particulars as I prefer not to swim
in sewers. Nonetheless, the whole meme got a lot of traction on Reddit
if it didn't actually originate there and my larger point stands: Beck
gets heat because the people who oppose him are politically illiterate,
incapable of any sophisticated counterpoint, and generally intellectually
unkempt children. Do I mostly agree with Beck? No. Do I think he is
light years smarter and of higher integrity than his critics? Yes.

--
----------------------------------------------------------------------------
Tim Daneliuk tundra at (no spam) tundraware.com
PGP Key: http://www.tundraware.com/PGP/
 
Tim Daneliuk...
Posted: Sun Oct 25, 2009 10:37 pm
Guest
Robatoy wrote:
Quote:
On Oct 25, 10:38 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:
Robatoy wrote:
On Oct 25, 10:03 pm, Tim Daneliuk <tun... at (no spam) tundraware.com> wrote:
Buttercup, I was there when it was invented on Reddit by sniveling little
moron lefties that cannot handle anyone disagreeing with them. Whatever
Beck is- or isn't, he isn't remotely as offensive as the half-wit chimps
that infest the social networking sites and left wing "media" culture...
It did not originate on Reddit.... and yet you claim you were there
when it did...
.
.
hmmmmmm
Perhaps not - I do not recall all the particulars as I prefer not to swim
in sewers. Nonetheless, the whole meme got a lot of traction on Reddit
if it didn't actually originate there and my larger point stands: Beck
gets heat because the people who oppose him are politically illiterate,
incapable of any sophisticated counterpoint, and generally intellectually
unkempt children. Do I mostly agree with Beck? No. Do I think he is
light years smarter and of higher integrity than his critics? Yes.

--
--------------------------------------------------------------------------- -
Tim Daneliuk tun... at (no spam) tundraware.com
PGP Key: http://www.tundraware.com/PGP/

Higher integrity? Beck? Ohhhhkay.....*smirk* (You do know that Beck,
like GWB, is a dry drunk?)
Now.. about getting that help and those meds....was that a cry for
help, Tim?

At least they're dry. You might try a 12 step program yourself ...
instead of your more usual two-step.

--
----------------------------------------------------------------------------
Tim Daneliuk tundra at (no spam) tundraware.com
PGP Key: http://www.tundraware.com/PGP/
 
DGDevin...
Posted: Sun Oct 25, 2009 11:07 pm
Guest
Tim Daneliuk wrote:

Quote:
Perhaps not - I do not recall all the particulars as I prefer not to
swim in sewers. Nonetheless, the whole meme got a lot of traction on
Reddit if it didn't actually originate there and my larger point
stands: Beck gets heat because the people who oppose him are
politically illiterate, incapable of any sophisticated counterpoint,
and generally intellectually unkempt children. Do I mostly agree
with Beck? No. Do I think he is light years smarter and of higher
integrity than his critics? Yes.

Would this be the Glenn Beck who admits he was stoned every day for fifteen
years on a combination of alcohol, weed, cocaine and prescription drugs?
The Glenn Beck who once taunted the wife of a rival radio DJ *on the air*
after she suffered a miscarriage? The Glenn Beck who once described himself
as a borderline schizophrenic? The Glenn Beck whose reputation includes
firing employees who displeased him in public as sadistically as he could?
That Glenn Beck, he's the one whose intelligence and integrity have
impressed you?

It's a long, three-part story, but you might learn some things about Mr.
Beck you didn't know:

http://www.salon.com/news/feature/2009/09/21/glenn_beck/
 
DGDevin...
Posted: Mon Oct 26, 2009 10:44 pm
Guest
evodawg wrote:

Quote:
Oh and lets not forget, If salon.com wrote it it must be true. The
right arm of george soros and the daily kos and moveon.com. Give me a
break!!!

Dang, every time I install a new Irony Meter along comes a post like this
and zap, it's time to wire in a new meter.
 
DGDevin...
Posted: Mon Oct 26, 2009 10:49 pm
Guest
David Nebenzahl wrote:

Quote:
You're missing my point. The program shows stuff going on during the
Clinton administration - both in his immediate circle of advisors
and in the legislature. However it only shows Repuglican legislators
in denial.

No.

How about the fact that it was Clinton who got rid of Glass-Steagall,
the firewall between banking and the stock market that had been in
place since the New Deal? This was undertaken by *Democrats*.

The legislation was actually written by Republicans, although Clinton signed
it and defends doing so to this day.

http://www.businessweek.com/magazine/content/08_40/b4102000409948.htm

"MARIA BARTIROMO
Mr. President, in 1999 you signed a bill essentially rolling back
Glass-Steagall and deregulating banking. In light of what has gone on, do
you regret that decision?

FORMER PRESIDENT BILL CLINTON
No, because it wasn't a complete deregulation at all. We still have heavy
regulations and insurance on bank deposits, requirements on banks for
capital and for disclosure. I thought at the time that it might lead to more
stable investments and a reduced pressure on Wall Street to produce
quarterly profits that were always bigger than the previous quarter. But I
have really thought about this a lot. I don't see that signing that bill had
anything to do with the current crisis. Indeed, one of the things that has
helped stabilize the current situation as much as it has is the purchase of
Merrill Lynch (MER) by Bank of America (BAC), which was much smoother than
it would have been if I hadn't signed that bill.


[MB] Phil Gramm, who was then the head of the Senate Banking Committee and
until
recently a close economic adviser of Senator McCain, was a fierce proponent
of banking deregulation. Did he sell you a bill of goods?


[BC] Not on this bill I don't think he did. You know, Phil Gramm and I
disagreed
on a lot of things, but he can't possibly be wrong about everything. On the
Glass-Steagall thing, like I said, if you could demonstrate to me that it
was a mistake, I'd be glad to look at the evidence. But I can't blame [the
Republicans]. This wasn't something they forced me into. I really believed
that given the level of oversight of banks and their ability to have more
patient capital, if you made it possible for [commercial banks] to go into
the investment banking business as Continental European investment banks
could always do, that it might give us a more stable source of long-term
investment."
 
Tim Daneliuk...
Posted: Mon Oct 26, 2009 11:24 pm
Guest
DGDevin wrote:
Quote:
Tim Daneliuk wrote:

Would this be the Glenn Beck who admits he was stoned every day for
fifteen years on a combination of alcohol, weed, cocaine and
prescription drugs?
Yes. Still better than his political opponents at this time.

The Glenn Beck who once taunted the wife of a rival radio DJ *on the
air* after she suffered a miscarriage? The Glenn Beck who once
described himself as a borderline schizophrenic? The Glenn Beck
whose reputation includes firing employees who displeased him in
public as sadistically as he could?
Yes. Still better than his political opponents at this time.

That Glenn Beck, he's the one whose intelligence and integrity have
impressed you?
Yes.

It's a long, three-part story, but you might learn some things about
Mr. Beck you didn't know:

http://www.salon.com/news/feature/2009/09/21/glenn_beck/



What lovely "tolerance" you exhibit. A person's failings decades ago
disqualify him from political commentary today.

No, everyone has the right to speak their mind, but when Beck (the
self-described "rodeo clown") makes statements that are plainly dishonest
and driven purely by his thirst for fame and wealth then the rest of the
world has the right to criticize him for that. If you read the article then
you know that is Beck's history, a willingness to do anything no matter how
nasty so long as it got him ratings--that has remained constant over the
decades.

Oh, I forgot.
"Tolerance" only applies to people with whom the wretched political
chattering classes on the left agree.

Ha! You are worth a laugh now and then, I'll give you that.

If Beck were a leftie is there the slightest doubt the miles of slack you're
prepared to cut him now would not exist? Beck thinks relief carvings on the
Rockefeller Center are signs that the people who paid for it were secretly
communists and/or fascists on the grounds that a figure representing
Agriculture is holding a sickle and a figure of Industry is leaning on a
hammer (although it's actually a shovel), and you know whose flag had a
hammer and sickle on it! Another relief panel is supposed to glorify
Mussolini according to Beck, the evidence of that being so faint and so
distant as to be absurd. And you take this clown seriously? Oh wait, it
isn't that you take Beck seriously, you just prefer him to people who point
out when he utters moronic stupidity, which appears to be just about every
time he goes on the air.

You should think about patent or copyright protection on this combination of
pomposity and absurdity you specialize in, it's so identified with you that
you might as well be able to put your name on it.



And you should learn to read with comprehension - something most of us managed
by grade 7 or so. Did I say I agreed with Beck? No. Did I say I thought he
was insightful, thoughtful, important, or life-changing? No. I merely said -
and I stand by this - that whatever his afflictions, he is light years better
than his debating opponents.

P.S. It is not prima facia evidence of "pomposity" to use words you have to
look up.

--
----------------------------------------------------------------------------
Tim Daneliuk tundra at (no spam) tundraware.com
PGP Key: http://www.tundraware.com/PGP/
 
Tim Daneliuk...
Posted: Mon Oct 26, 2009 11:26 pm
Guest
DGDevin wrote:
Quote:
David Nebenzahl wrote:

You're missing my point. The program shows stuff going on during the
Clinton administration - both in his immediate circle of advisors
and in the legislature. However it only shows Repuglican legislators
in denial.
No.

How about the fact that it was Clinton who got rid of Glass-Steagall,
the firewall between banking and the stock market that had been in
place since the New Deal? This was undertaken by *Democrats*.

The legislation was actually written by Republicans, although Clinton signed
it and defends doing so to this day.

http://www.businessweek.com/magazine/content/08_40/b4102000409948.htm

"MARIA BARTIROMO
Mr. President, in 1999 you signed a bill essentially rolling back
Glass-Steagall and deregulating banking. In light of what has gone on, do
you regret that decision?

FORMER PRESIDENT BILL CLINTON
No, because it wasn't a complete deregulation at all. We still have heavy
regulations and insurance on bank deposits, requirements on banks for
capital and for disclosure. I thought at the time that it might lead to more
stable investments and a reduced pressure on Wall Street to produce
quarterly profits that were always bigger than the previous quarter. But I
have really thought about this a lot. I don't see that signing that bill had
anything to do with the current crisis. Indeed, one of the things that has
helped stabilize the current situation as much as it has is the purchase of
Merrill Lynch (MER) by Bank of America (BAC), which was much smoother than
it would have been if I hadn't signed that bill.


[MB] Phil Gramm, who was then the head of the Senate Banking Committee and
until
recently a close economic adviser of Senator McCain, was a fierce proponent
of banking deregulation. Did he sell you a bill of goods?


[BC] Not on this bill I don't think he did. You know, Phil Gramm and I
disagreed
on a lot of things, but he can't possibly be wrong about everything. On the
Glass-Steagall thing, like I said, if you could demonstrate to me that it
was a mistake, I'd be glad to look at the evidence. But I can't blame [the
Republicans]. This wasn't something they forced me into. I really believed
that given the level of oversight of banks and their ability to have more
patient capital, if you made it possible for [commercial banks] to go into
the investment banking business as Continental European investment banks
could always do, that it might give us a more stable source of long-term
investment."



Fair enough. No where is the parallel outrage for the financial horrors
perpetrated by the little political weasel, Barney Frank and Co.? Why is
no one out of their minds with irritation that the Obamananation installed
the same jackasses (well, the assistant jackasses) that were in charge of
the system during W's time? This is a goose-gander problem. The leftie
biased media does a hush coverup anytime their Dear Leader might be
embarassed. From where I sit, the Obamanation is not only not better
than his predecessor, he seems absolutely worse than W on most issues.

--
----------------------------------------------------------------------------
Tim Daneliuk tundra at (no spam) tundraware.com
PGP Key: http://www.tundraware.com/PGP/
 
Robatoy...
Posted: Thu Oct 29, 2009 5:22 pm
Guest
On Oct 30, 12:14 am, upsc... at (no spam) teksavvy.com wrote:
Quote:
On Thu, 29 Oct 2009 21:33:02 -0500, Tim Daneliuk

tun... at (no spam) tundraware.com> wrote:
My marbles are quite intact, thank you for asking.  See, I'm not
homophobic in any way...

What marbles? Any semblance of reality marbles that you may have had
at one time rolled away a long, long time ago. Now, you're viewed
simply as the newsgroup clown.

We've all come to accept that you have absolutely nothing to
contribute in woodworking conversation to this newsgroup , but if
you're going to talk about something else entirely unrelated, at least
attempt to make some sense on occasion will you?

Lew suggested some soap..Maybe we best bring some Lysol? :-{
 
 
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