So, Lloyd Blankfein was on CBS This Morning, on Tuesday, when he made that statement (video link).
I just can’t help but feel he’s got something up his sleeve. Is there some kind of new SEC investigation or something that he wants to get in front of, and this is some kind of PR spin to frame their voracious greed as something to “grow the pie?” Maybe he has some some Republican or DINO in his pocket and wants less, or no regulation at all, for some kind of new exotic CDO, or Interest Rate Swap, so he’s given them marching orders for a new bill making sure there’s no regulation of some new kind of Wall Street casino three card monte Special Purpose Entity.
Goldman Sachs is the most successful Boiler Room of Wall Street, and home of the “Shitty Deal” and derivatives.
I’d maybe like to believe him, but I think I missed the reform he was promoting. Did he say anything about outlawing High Frequency Trading, or advocating for a Tobin Tax
This is just a simple, easy to understand example, of a few minutes of spying by one comedian and his techie buddy. How many people who say it’s not a problem, would feel that way after their entire home lives were open to surveillance? Raise your hand – how many people have ever said something to themselves, out loud, in the privacy of your own home, in front of your own computer that you’d feel embarrassed about if you said it in public?
Britain’s surveillance agency GCHQ, with aid from the US National Security Agency, intercepted and stored the webcam images of millions of internet users not suspected of wrongdoing, secret documents reveal.
GCHQ files dating between 2008 and 2010 explicitly state that a surveillance program codenamed Optic Nerve collected still images of Yahoo webcam chats in bulk and saved them to agency databases, regardless of whether individual users were an intelligence target or not.
In one six-month period in 2008 alone, the agency collected webcam imagery – including substantial quantities of sexually explicit communications – from more than 1.8 million Yahoo user accounts globally.
I don’t remember if they promised to “only spy on the evildoers” and that they’d discontinue the program, but my guess is, if they did say that, all they did was change the name of the program and that it’s still ongoing
This is a slow boil stream of consciousness rant. I might be wrong on some specifics, but the general tone is based on truth. This diary is an observation, because our system is screwed, and I don’t know how to fix it. But the first step in fixing it, is recognizing the problem
We have two major political parties in this country. And I have a few different observations of them, and the people within them
One way of looking at them, is the superficial-bumper-sticker-talk-show way of describing them, which is, the Daddy party (Republicans), and the Mommy party (Democrats). IMHO, that’s not true. I think for the most part, a more accurate way of describing the modern day versions of them, is the addict party (Republicans), and the codependent party (Democrats). Click the two links and look at the common characteristics. Go ahead and click, I’ll wait … finished? For the most part, and in a generalized sense (there’ll always be exceptions) it’s true isn’t it?
Let’s just take the first of addictive behavior
1. The person becomes obsessed (constantly thinks of) the object, activity, or substance.
Right. Let’s just remember the Republican mantra, “entitlement reform”. Now, let’s combine that, with one characteristic of codependency
People-pleasing. It’s fine to want to please someone you care about, but codependents usually don’t think they have a choice. Saying “No” causes them anxiety. Some codependents have a hard time saying “No” to anyone. They go out of their way and sacrifice their own needs to accommodate other people.
Sound familiar? Now, think of Zero’s Social Security slashing budget proposal. Or, his preemptive cave to big pharma during the healthcare debate
The addict (Republican) party doesn’t care about the end result, they’re just obsessed. And the codependents (Democrats) can’t say no. The Democrats can’t say no, so they’ve devolved into a slightly less dysfunctional version of the Republicans. They’re addicted to the addict. They encourage and enable the addict to further both addictions
Pick a subject, any subject. War. Civil Rights. Economics. Foreign policy. Domestic policy. Environment. Food safety. Corporate welfare vs the Social Compact. On the major issues that effect the majority in the general population, name one subject where they’re (both major parties) not euphemistically telling us to ‘go f#ck ourselves’. They’re not saying those exact words, but the meaning is crystal clear. And if you don’t see it, I think you’re self delusional. Yea, sure, there are marginal issues (not trying to demean their importance) that they agree to disagree on, but for the most part they (the two parties) agree on – what in the rest of the world – would be far right conservative points of view. That’s just the plain fact of the matter, and they count on people getting caught up in the marginal dangly shiny key outrages of the day to not see what’s really going on.
Then you have the individuals
My unscientific, and just an average guy, way of looking at people is that everyone is basically the same person today as they were at twelve or fourteen. There are differences in your like and dislikes, but, I think the vast majority of people have the same characteristics, now as then.
The same people who did their homework, and worked hard in school, are the same people who do an honest days work, and help others, today.
Then, on the other hand, there were the people who cheated off of other’s papers, and used and bullied those around them. They’re corporate executives and national politicians of today. I think the higher they go in political and corporate circles the more sociopathic they are.
What’s the answer? I don’t have a clue, but, we need to get the majority of the population recognize the exact nature of the problem before we can solve it
Although the shitty deal I’m referring to of defrauding investors out of a billion dollars is something different than what Sen Levin is referring to, I think I can take a little artistic license and call it a shitty deal
Oct. 16 (Bloomberg) — The U.S. Securities and Exchange Commission named Adam Storch, a 29-year-old from Goldman Sachs Group Inc.’s business intelligence unit, as the enforcement division’s first chief operating officer.
Khuzami has created specialty units of investigators and is giving people more incentive to cooperate with investigations. The five groups will investigate cases in asset management, structured products, municipal securities and public pensions, foreign corrupt practices and market abuse, Khuzami said in an Aug. 5 a speech in New York.
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