Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Saturday, June 14, 2014

Pope Francis Announces the End of Wall Street’s Global Style Power and Greed With Its Imminent Collapse – A “House Built on Sand” – Not Humanity



The Royal Houses of Europe of a century ago in 1914 were willing to sacrifice a whole generation of its young to keep their corruption in power. These days, a band-aid fix up of a Trillion Dollar Student Loan Debt situation shot down in the Senate only illustrates how the people in power are willing to sacrifice a whole generation of young America just to keep their corruption and villainy in power. Only something like education would be could be turned into a commodity for profit in a place like America, whose soul lately is so heavily mortgaged to the "Big Banks".



Pope Francis said the global economic system is at risk of breaking down because of inequality and rising youth unemployment, in an interview with Barcelona-based newspaper La Vanguardia.
“We’re excluding an entire generation to sustain a system that is not good,” La Vanguardia cited the Pope as saying. “Our global economic system can’t take any more.”
The pope said the difficulty with the global economy is that it puts “the god of money” at the center, rather than men and women, the newspaper reported. He said that globalization works when it brings together different ways of thinking, rather than eliminating them, La Vanguardia added.

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Tuesday, February 18, 2014

American Gothic - 2014






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Secret Wall Street Drag Club – Closeted Kappa Beta Phi – Making Fun of Queers, Bitches and the 99% Losers – All Funded on Cheap FED Cash - Ha Ha


Wall Street on the Rag - Kappa Beta Phi Secret Drag Club


To kick off the fraternity’s 80th dinner, investment banker Wilbur Ross (known as the group’s “Grand Swipe”) welcome the crowd with a speech that emphasized the “importance of continuous drinking, both in bull markets and bear markets” and mocked the better-known academic honor society Phi Beta Kappa as homosexual wimps. Later, when the inductees performed in drag, some in the audience threw wine-soaked napkins at them.
Among them were RBC Capital Markets executive Rich Tavoso, who warbled an off-key parody called “Mama, Don’t Let Your Babies Grow Up To Be Traders” and was booed. Private equity executive Paul Queally cracked bad jokes, both sexist (“What’s the biggest difference between Hillary Clinton and a catfish? One has whiskers and stinks, and the other is a fish”) and homophobic (“What’s the biggest difference between Barney Frank and a Fenway Frank? Barney Frank comes in different size buns”). At the time of the dinner, Frank was a powerful member of the House Financial Services Committee and the namesake of the Dodd-Frank legislation that more tightly regulated Wall Street.
And investment banking CEO Warren Stephens donned a Confederate flag hat and sang a parody of “Dixie” with the lines:
“In Wall Street land, we’ll take our stand, said Morgan and Goldman. But first we better get some loans, so quick, get to the Fed, man.”

Before Changing into Victoria Secret Panties Bras and Dresses, Dresses, Dresses




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Monday, August 6, 2012

Shards of 911 - Postscript - One Bankers Trust Plaza - 130 Liberty Street NYC




I saw a reminder on some blog last week about the upcoming eleventh anniversary of the tragedy of September 11, 2001.

It took perhaps longer for me to forget some aspects of that day having worked across the street from the now defunct old World Trade Center for many years back in the eighties or thereabouts on a timeline.

The new World Trade Center is rising quite marvelously, taking its time to change the lower Manhattan skyline.

I call 130 Liberty Street by the title I knew it back when I worked there – One Bankers Trust Plaza.

The building was the back office of the main office of Bankers Trust Company on Wall Street which I think these days has a health spa in the gilded art deco main banking floor of that building and with I think condos now in old office space.  Things change especially in this virtual world.  Back offices in general in America these days are now in India and China courtesy of outsourcing. 

That bank eventually went under IMHO starting with the eighties, having put its old fashioned conservative banking sense, along with all its customer good will and corporate nest eggs into the new computer generated crap shoot game derivatives basket. Some German bank bought out the company in the nineties and what are left of old accounts on digital records are in that bank’s midtown offices and computer memory.

BT plaza had a nickname of the “BlackWidow” for some years.  She had been wounded in the World Trade center collapse and wore a dark fabric mesh covering for several years like a widow's veil.  But with insurances companies fighting and lawyers haggling, the building went to seed or more properly went to mold and the building was condemned, rather than clean her up and recycle its old function. 

No big profit to be had in retrofitting a 1970’s design building.  The bureaucrats made a handsome dime taking nine years and $300 million to tear it down and turn the building into an empty lot, waiting for some future billion dollar design office building or condos to stand one day in her old place.

This empty lot BTW is now being used as a staging area for tourists with tickets, to go across the street to visit the now opened 911 Memorial Fountains. 


Second Floor Lobby - BT Plaza






Skeletal outline of 1WTC (top) and 2WTC (bottom)





Tickets! All visitors to the Memorial must have their tickets out.
Postscript:

Without too much sentiment, looking at some of these photos of 911, I am reminded of a line by W.B. Yeats regarding that tragic day and use that poetic line in paraphrase – “A terrible beauty (was) born (on 911)”.




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Friday, May 25, 2012

Facebook – Pornography – Divorce?


It is not illegal to post pictures of your erect penis or your wide open twat in self-made porn on Facebook with your cell phone camera. 

Of course restricted access in most cases separates Grandma’s pictures of baby from the steamy underside of the new age of “social interface”.  

The giggly teenage girls will still gossip and 20% of America divorces now citing Facebook in divorce cases will move on in time to the next flavor of the month “social network” thing.  But think about it.  

American are so much more gung ho. And Facebook was originally designed exclusively for college kids, drugs, sex, alcohol, Spring Break. Bring on the self-produced porn in the bathroom mirror and dirty steamy messages.

“Leisure time” activity, the pursuit of happiness?

Now we know why the Facebook stock scam  is worth 104 billion dollars in capital  on the stock market and why every pension fund and 401k in America must have it in their stock portfolio even at a loss with fees, fees, fees included.  

Wall Street certainly knows how to judge the moral compass or non-moral compass of America and currently it is Facebook.

Facebook was by far the biggest offender, with 66 per cent of lawyers citing it as the primary source of evidence in a divorce case. MySpace followed with 15 per cent, Twitter at 5 per cent and other choices lumped together at 14 per cent. 
The survey reflects the findings of a UK law firm last year showing that 20 per cent of its divorce petitions blamed Facebook flings…. 
The most common reason seemed to be people having inappropriate sexual chats with people they were not supposed to,’ said Mark Keenan, managing director of Divorce-Online. 
Friends Reunited faced similar claims when it was launched to help people reconnect with old classmates, but the 23 million plus people now using Facebook in Britain means it is having a much bigger effect on rising divorce rates….  
An American minister also made the headlines recently when he called Facebook a ‘portal to infidelity’ and insisted that his congregation delete their accounts after revealing that 20 couples attending his New Jersey church had been led astray through the site. 
Rev. Cedric Millier, who runs the Living World Christian Fellowship Church in Neptune, New Jersey, said Facebook enabled spouses to reconnect with former lovers, leading to rows and bitterness. 
But Rev. Miller was forced to take a leave of absence after his own non-Facebook transgressions were revealed in an admission that he took part in three-way sexual trysts in the past. 


Tuesday, March 20, 2012

U.S. Army Massacre Specialist Robert Bales Also a Ponzi Stock Broker – Unbelievable!

Can I interest you guys in some Enron stock?

He'll get off scot free.  He worked for Wall Street.


This story gets stranger by the hour.  Kind of like the whole Bush/Obama Foreign Policy.


The U.S. soldier accused of gunning down 16 Afghan civilians, including nine children, was more than $1million in debt and had defrauded a pensioner out of his life savings, it has been claimed.


Federal documents show how Staff Sgt Robert Bales scammed pensioner Gary Liebschner of Carroll, Ohio, of more than $800,000 in a stock scam just before he enlisted in the army.


Financial regulators found in 2003 how Bales 'engaged in fraud, breach of fiduciary duty, churning, unauthorised trading and unsuitable investments'. Liebschner claims the then stock broker, working for Ohio brokerage firm MPI, took his life savings of $852,000 in AT&T stock and reduced its value to nothing through a series of trades.


Alongside his associates, Bales was ordered to pay his victim $1,274,000 in compensatory and punitive damages. But he has not yet done so.


Liebschner told ABC News he recognised 'smooth talker' Bales after news reports about the massacre.


He said: 'He robbed me of my life savings. We didn't know where he was. We heard the Bahamas, and all kinds of places.' When asked if he was a conman, he said: 'You've hit the nail on the head.'





Sunday, November 13, 2011

Satan – Catholic League – USCCB – 1%


What is becoming obvious to me in the Occupy movement is that the top of the Ivory Tower, the Executive Suites, the Front Office, 
the 1% is totally corrupt and out of control – Out of Touch with my definition of reality. 

This is no different with the RC Hierarchy who have Satanic media spokesmen 
like Bill Donohue mouthing plastic morality 
while the Bishops prefer and protect child trafficking at all costs – emphasis on the word costs?

Just like the firing of Joe Parterno, who is no saint, 
to muddy the waters about a national child trafficking ring run by the mafia out of Penn State is not newsworthy. 
Lame Stream Media talks sports, sports, sports …

The real news is that the great immorality is gay marriage? 
(I don’t think so sista.)

The Mormons may give up Polygamy the same way the USCCB officially gives up Pedophilia – yeah right – 

but the people pushing morality as a media product, from the top of society’s shit heap, are the least moral creatures in the western culture these days - they are jus
Faking IT!

They are Satan – they are the 1%.



Wednesday, October 5, 2011

Money Hungry Fascists are Dead Inside - (Zombies?)



A bit of street theatre Monday as Wall Street protesters dressed as Corporate Zombies.



The Daily Mail is normally a suck ass establishment organ of propaganda in Britain.  Their article above does have an interesting array of photos not available in the censored free American Press and airwaves.

I took the title above off a hand painted cardboard sign.  That image in the Daily Mail article seems to express so much truth reflecting the anger we Americans have these days regarding immoral acts of business and government and the resulting collateral damage to us, the people.

I did the corporate grind so to speak for many decades.  It was necessary to support myself and my family and was part of the American Dream that I was building for myself and as a legacy to those that come after.

I never sold my soul to make my daily bread.  Nobody should have to.

I do wonder why millionaires are not satisfied. They used to only dream of but not need billions to be happy.  Now they are aiming at trillions and at the very expense and fabric of humanity.

Worth repeating.

Money Hungry Fascists are Dead Inside.  Zombies?

(trick of treat anyone?)







Thursday, September 29, 2011

Michaelmas - 2011 - Protect Us From Wall Street


Good Michael the Archangel,

defend us in battle.
Be our defense against the wickedness and snares of the Wall Street Casino.
May God rebuke them, we humbly pray,
and do thou,
O Prince of the heavenly hosts,
by the power of the Almighty,
thrust into hell all bankers,
and all coke head derivatives traders,
who prowl about the world
seeking the ruin of innocent lives and souls. Amen.



Monday, September 26, 2011

Wall Street – NYU – Protesters - Arrests – Class Divide



For any of you out there not seeing events unfold in NYC where some of the protestors, still in residence trying to occupy the Financial District downtown to demand justice and arrest of the Crooks running Wall Street, some of those protestors marched uptown to Union Square, 14th Street on Saturday.


On their way back downtown, they got stopped and 80 arrested on University Place, pretty much considered the Main Street of the NYU Campus.








Sunday, September 18, 2011

Take Wall Street Back from the Crooks

(Wall Street Protest April 2009)


There was a peaceful protest in downtown Manhattan yesterday with the intent to occupy Wall Street which the police did not allow them anywhere near Thieves Alley.


Estimate of the crowd in the foreign press - 20,000.


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Main Street Media pretty much ignored, blacked out the event.  


Lame Stream Media is talking about Sarah Palin's horny habits with many men of different colors and her cocaine problem.  


Michele Bachmann continues to stumble with her indirect criticism of the Pharmas and their experimentation on us Lab Rats.  


And all the other male Republican candidates still come across as a bunch of dancing fairies to me.  Ballet?


Unconfirmed reports of Obama still hiding under his desk at the WH afraid to make any decisions. ?


What are we afraid of ?  A bunch of coke head CEOs running the Wall Street Casino - running America into the ground for fun and profit???


Etc.


Whatever.



Friday, January 15, 2010

Jay Leno Sucks! – Failed NBC CEO Cronyism


Jay Leno Sucks! He is no Johnny Carson! And never will be!

Since everybody else is chiming in on this topic, let me add my voice to the chorus.

Jay Leno in 17 years on the Tonight Show never reached half the quality or standard of excellence that Johnny Carson in thirty years on that late night show stamped with his personna.

Give Conan O’Brien a chance. He bided his time and it is his time on stage – not Leno’s!

Jeff Zucker, CEO of NBC Universal, is showing all the signs of C.A.F.C.S. - Chronic American Failed CEO Syndrome. When you make mistakes worth hundreds of millions of dollars, cut staff and write off the loss against taxes.

NBC Universal sounds likes its headquarters should be on Wall Street with the rest of American Crony Failed Enterprises.

Saturday, December 12, 2009

Madam President Clinton 2012

It is perhaps wrong of me to second guess the strategy of the sitting President fresh back from his Nobel Peace Prize and defense of Corporate Warfare Profits. Few if any could change the mess we are in no matter what the circumstances.

I have to back up at this point and go off half-cocked, I am good at that, and presume that The SCHINE EFFECT has kicked in for Obama – whereby he is only as good as his handlers and or the people he trusts or delegates authority to.

That said I am wondering where Madam President Hillary Clinton’s administration would be about here in time if she had out swung, one more lob, to Obama on the clay court and in a game of political tennis.

I do no think she would have done much different at this point of time than Obama except for Healthcare.

She would have put all the same incompetent fools in charge of the money, her husband’s fools, that Obama has also put in charge.

She would have increased the troop levels in Afghanistan.

The birthers/tea baggers would still be there but screaming rehashed Monica Lewinsky and Vince Foster – oh give us break you morons! The rhetoric may be moronic but their energy and anger are real. Let’s see if this Paid For-Grassroots BS goes anywhere. Or merges with forces of anger on the Left?

I think that about now Hillary would have been pushing for jobs more first than healthcare. A few more points down on the unemployment scales, say at 8.5 percent or so, may have made us not notice how a resuscitated Wall Street is up in Profits without job creation.

Money making money does not create wealth or growth anymore. In other words, Wall Street used to generate cash that ultimately ended up in factories, production, innovation and jobs. This does not happen anymore. There is a disconnect, a major disconnect, from the classic Wall Street model and in the past twenty years or so. This opinion is held by former Fed Chairman Paul Volcker.

Volcker Questions Value of Financial Innovation

I applaud a young journalist in the grand tradition and theory of journalism as practiced by a select few these days. One such person is Matt Taibbi , somewhat thought of as a maverick but whether you disagree or agree with him he sure is analyzing and investigating the mess that is Wall Street and Government.

Did Obama Sell Out to Wall Street?

Getting back to Madam President Clinton. I think that Bill’s advice not to take the VP job was brilliant. How can a seated Vice President up and challenge the President? That, in the next national round of the eternal rounds of bullshit circus elections in this country - 2012.

We need politicians who are moral and ethical and not cookie cutter “Christian". We need leaders who know how to balance a budget. We need business men who have to relearn what Classic American Business was all about. To put people and humanity back into the business spreadsheet formula for success.

While I do not necessarily see Hillary pulling a Eugene McCarthy on Obama, I can see where incompetence and charisma will only go so far along with the Schine Effect. The rest might be history and destiny for Hillary Rodham.

As for Goldman Sachs being the master for the moment of the planet and or universe. Unless it creates real growth and jobs out of Wall Street, you don’t have to be a seer to predict that within the next months or few years, on a Friday afternoon, GS, might get the very same knife in the back that was given to BS, Bear Stearns.

As my parents used to tell me as a child – never take candy or money from strangers (Wash.,D.C.?).

The rules of Empire apply on all levels – to rich or poor alike. If Caesar needs jobs to stay in power with the mob, Caesar will have jobs or else.

Leadership and delivering on promises count a hell of a lot in these tough economic times.

Everyone, have a nice and prosperous day.

Wednesday, July 16, 2008

True Values of a Human Being

What price do you put on a human being? To be fair, I do not know how this question is approached in other religions? No doubt the value and recognition of a human being has evolved over time.

Christians claim to put a high price on the value and dignity of every human being.

In Jesus’ time, there was slavery as an established and grossly inefficient way of doing work. How efficient? You worked your slaves to death. No pension or retirement plans back then. There was a huge and non ending supply of fresh meat for the meat grinder of the military/mercantile empire of Rome.

Of course with an entity like the Roman Empire, everybody in terms of race and or religion or even personal beliefs was grist for the mill of a giant non-stop 24/7 beast from hell.

Our elites over the centuries have unearthed beautiful statues and rediscovered the magnificence and simplicity of the Roman city plan. Rome has been reinvented a thousand different ways in literature, art, architecture, law, religion since the great rebirth or renaissance in the West.

Our view of Rome in the past is I think much more kind than that ancient civilization deserves to be viewed.

I am big on timelines in looking at history. Of course, Rome continued in the east in Constantine’s Xanadu city of Contantinople until 1453 when the latest enemy at the gates got over the gates and that city became the jewel of somebody else’s empire.

Since the reformation, I see personal freedoms and rights slowly evolving in western Europe to the point where civil institutions have stood for the rights of man and not religions.

Religion in the west has always stood for the afterlife. If you can’t get it here, you’re likely to get there. How convenient.

Jumping forward on the timeline to the present, I hear someone on the television talking about outsourcing and how an accountant earning $50k per year can be replaced by ten accountants in New Delhi who earn $5k per year. Efficient yes. Fair?

I am looking at the financial institutions in the west, in the USA in particular today, and am wondering why the value of human beings was not in any recent financial equations. I wonder why somebody at Freddie Mac or is it Fannie Mae got $14 million in salary one year. Freddy and of course Fannie have to do with packaging of home mortgages into securities that are traded globally. I have to wonder what these high earners did to deserve such large salaries. I have to wonder if anybody saw any spikes in their spreadsheets as the cost of a home in America doubled and tripled and quadrupled over a handful of years.

Wall Street, these days, seems merely to be a casino shooting craps and charging fees, fees, fees, on the few lucky ones that have pension funds left to be looted by the privileged financial classes.

If one recognizes human beings as people, if one knows the price of the loaf of bread in America or the rest of the world - One has to wonder where the common sense was when paperwork coming into these institutions stated that the people applying for these questionable mortgages could afford them.

It would appear that the disintegrating quality of securities sold overseas shows evidence of the original paperwork being forged or falsified. I used to work in the mortage business when everything was above board. I know the difference between a bona fide mortgage package and a scank loan package put together by commissioned salespeople motivated not by morality but by bonuses.

The big MBA types, motivated by bonuses, managing the wealth and legacy of the United States saw no problems in the whole burgeoning mess until the present collapse of confidence in our government and financial institutions at present.

Somewhere in this whole bloody local and global mess, besides the lack of morality, is the lack of people, common people, the value of people other than as a commodity, in the financial equations invented at Harvard, Brown, and Wharton in the 1960’s when the concept of a global village and a global economy became the undisputed goal of all future business and diplomatic efforts of the United States.

We may be on the verge of greatness and a great global empire. But at what cost? What is the price of a soul? My soul? Your soul? What is the price of our collective souls as well?

What are the true values of a human being in terms of the sacred and or the secular? Locally? Globally?

It may be a secular world but where in the education system of so many college graduates, who have run this nation into the ground, where is the value of a human being or the dignity and respect for his or her soul? Whose bottom line is more important – God’s or Caesar’s ?

Where is Jesus? He is in the streets with the people. They are the very valuable People of God.