This has always been a race between the complete looting of America and the realization by the American People that it is happening. All the numbers seem to favor the Henry Paulsons of the world except one. Certainly the trillions taken from the future to pay off the subprime fraud is the biggest number in favor of Wall Street. The Dow Jones average - artificially pumped up by the Fed - is another huge number in favor of the Paulson types. How many people out there right now are saying, "Hey, my stock portfolio has recovered. Maybe what's happened is okay after all"? It's called being bought off.
The only real number that is not in favor of the Henry Paulsons of the world is 7 billion. That's the world population. The People are waking up at a rapid rate thanks to technology and when the American People start feeling the full effects of what has happened on Wall Street, it could make Egypt look like a PTA meeting.
I think the first looting I am aware was back in the early 80s when some arbitrageur went after a local privately held timber company in order to loot the pension fund. His actions screwed a lot of good people and destroyed one piece of local private enterprise.
Will be right there? "Is" is the word not "will be"
And with Portland, first it's Soccer, next it's Bull Run. They then own the water, siphon it off to the highest bidder and let us drink recycled effluent, with assurances it's "safe". Oh, and collecting rain water to circumvent this will be a felony. Even a glassful.
And we can pay them for running the Bull Run treatment facility as well as the effluent facility, subsidizing their money making on Bull Run. It will probably be turned off (who needs it anyway, the water is pure, after 17,000+l of testing says so) but we won't know, we will pay anyway.
The Paulsons are small spuds compared to the Dimonites (from a link in the AlterNet piece):
"This week’s credit check: A record 43.6 million Americans are using food stamps. JPMorgan’s segment that makes food stamp debit cards made $5.47 billion in net revenue in 2010.
You might think that if you’re on food stamps, big banks won’t be very interested in you. What could they possibly want with someone who’s struggling just to put food on the table? But it turns out that you’re actually part of a profitable business for big bank JPMorgan. While the money to pay for the stamps comes from the government, the technology to access it lies in private hands. Food stamps used to be literally stamps — that is, pieces of paper — but in this day and age paper is so old fashioned. Now you get your food stamps with a debit card, and JPMorgan knows all about creating plastic credit products." http://www.newdeal20.org/2011/02/09/food-stamps-jpmorgan-banking-industry-profits-from-misery-35307/
Too Big to Fail (TBTF) and Too Big to Prosecute (TBTP).
Why don't we ask US Bank how much they're making by administering unemployment benefits in Oregon (and wherever else)? Not only do they issue the cards you get your benefits on, they charge a hefty fee if you don't use one of their ATMs to withdraw them.
Though I think our future includes lots of pain for all, union isles included, it is worth recalling once in a while that the Paulsons and the Pentagon sows have a lot more to do with our mess than any unionized public employee ever did.
And Newt Gingrich, in all his wisdom is supporting bankruptcy for state and local governments. Most likely aimed at public employee unions, but with a number of unintended consequences should even a semblance of this pass, including much higher bond rates, which would benefit, oh, I don't know, the Paulsons?
"WASHINGTON (Reuters) – Some of the United States' weakest local governments face a real risk of default in 2011 as well as waves of layoffs that could put upward pressure on the country's jobless rate, according to a Reuters poll.
The findings from the poll published on Sunday found a majority of Wall Street professionals including municipal bond traders and investors believe -- 14 out of 25 -- up to four multibillion-dollar municipal bond defaults will take place this year." http://news.yahoo.com/s/nm/20110214/pl_nm/us_usa_munis
Neither Portland nor Oregon is mentioned in the report, perhaps because this city and this state are relatively insignificant to Wall St investors when compared to Detroit, CA, and IL.
Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend
Familia Bianchi, Malbec 2009
Terrapin Cellars, Pinot Gris 2011
Columbia Crest, Walter Clore Private Reserve 2009
Campo Viejo, Rioja, Termpranillo 2010
Ravenswood, Cabernet Sauvignon 2009
Quinta das Amoras, Vinho Tinto 2010
Waterbrook, Reserve Merlot 2009
Lorelle, Horse Heaven Hills, Pinot Grigio 2011
Tarantas, Rose
Chateau Lajarre, Bordeaux 2009
La Vielle Ferme, Rose 2011
Benvolio, Pinot Grigio 2011
Nobilo Icon, Pinot Noir 2009
Lello, Douro Tinto 2009
Quinson Fils, Cotes de Provence Rose 2011
Anindor, Pinot Gris 2010
Buenas Ondas, Syrah Rose 2010
Les Fiefs d'Anglars, Malbec 2009
14 Hands, Pinot Gris 2011
Conundrum 2012
Condes de Albarei, Albariño 2011
Columbia Crest, Walter Clore Private Reserve 2007
Penelope Sanchez, Garnacha Syrah 2010
Canoe Ridge, Merlot 2007
Atalaya do Mar, Godello 2010
Vega Montan, Mencia
Benvolio, Pinot Grigio
Nobilo Icon, Pinot Noir, Marlborough 2009
Portuga, Rose 2011
Revelation, Chardonnay, Pays d'Oc 2010
Beaulieu, Cabernet, Rutherford 2005
Monte Alto, Tinto Reserva 2005
Chateau Ste. Michelle, Cabernet, Indian Wells 2009
Espiral, Vinho Rose
Vin-Koru, Pinot Gris 2011
14 Hands, Hot to Trot Red 2009
Rodney Strong, Cabernet, Sonoma 2009
Abacela, Vintner's Blend #11
Portuga, White 2010
La Bourgeoisie, Red 2009
Januik, Red 2009
Three Rivers, River's Red 2008
Kirkland, Alexander Valley Merlot 2008
Muga, Rioja Rose 2010
Quinta das Amoras, Vinho Tinto 2009
Mauro Molino, Barbera d'Alba 2009
Garda Chiaretto Rose
Columbia Crest, Two Vines Vineyard 10 White
Chateau Ste. Michelle, Pinot Gris, Columbia Valley 2009
L'Hortus, Rose de Saignee 2010
Maculan, Pino & Toi 2008
McKinley Springs, Bombing Range Red 2008
Trader Joe's Pinot Gris 2009
Montes Alpha, Cabernet 2007
Gran Sasso, Sangiovese, Terre di Chieti 2009
Garda, Classico Chiaretto Rose
Beaulieu, Cabernet, Rutherford 1999
Picos del Montgo, Tempranillo 2008
Chateau de Montmirail, Vacqueyras 2008
La Granja 360, Syrah 2009
Montgras, Carmenere Reserva 2009
Lange, Pinot Gris 2009
Columbia Crest, Horse Heaven Hills Cabernet 2008
Kirkland, Pinot Grigio 2010
Trader Joe's Coastal Syrah 2009
Columbia Crest, Horse Heaven Hills Merlot 2008
Trader Joe's Coastal Chardonnay 2009
Vieux Papes Red
Domaine de l'Aujardiere, Chardonnay 2009
Santa Rita, Cabernet, Medalla Real 2007
Penfold's, Koonunga Hill Shiraz Cabernet 2008
Guild, Red, Lot #02 2008
Dievole, Dievolino Sangiovese 2008
Laforet, Burgogne Chardonnay 2009
Columbia Winery, Merlot 2007
Bonterra, Cabernet 2008
Elk Cove, Pinot Gris 2009
Maquis Lien 2006
Scott Paul, Pinot Noir, Le Paulee 2007
The Occasional Book
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt
Road Work
Miles run year to date: 21
At this date last year: 52
Total run in 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269
Comments (10)
This has always been a race between the complete looting of America and the realization by the American People that it is happening. All the numbers seem to favor the Henry Paulsons of the world except one. Certainly the trillions taken from the future to pay off the subprime fraud is the biggest number in favor of Wall Street. The Dow Jones average - artificially pumped up by the Fed - is another huge number in favor of the Paulson types. How many people out there right now are saying, "Hey, my stock portfolio has recovered. Maybe what's happened is okay after all"? It's called being bought off.
The only real number that is not in favor of the Henry Paulsons of the world is 7 billion. That's the world population. The People are waking up at a rapid rate thanks to technology and when the American People start feeling the full effects of what has happened on Wall Street, it could make Egypt look like a PTA meeting.
Posted by Bill McDonald | February 12, 2011 12:26 PM
I think the first looting I am aware was back in the early 80s when some arbitrageur went after a local privately held timber company in order to loot the pension fund. His actions screwed a lot of good people and destroyed one piece of local private enterprise.
Posted by LucsAdvo | February 12, 2011 1:15 PM
Fear not, Frank-Dodd Financial Reform Bill compliant credit default swap trading began just this week.
http://www.efinancialnews.com/story/2011-02-11/dodd-frank-cds
Some GS-13 will be watching.
Posted by NewLeaf | February 12, 2011 1:47 PM
Will be right there? "Is" is the word not "will be"
And with Portland, first it's Soccer, next it's Bull Run. They then own the water, siphon it off to the highest bidder and let us drink recycled effluent, with assurances it's "safe". Oh, and collecting rain water to circumvent this will be a felony. Even a glassful.
And we can pay them for running the Bull Run treatment facility as well as the effluent facility, subsidizing their money making on Bull Run. It will probably be turned off (who needs it anyway, the water is pure, after 17,000+l of testing says so) but we won't know, we will pay anyway.
Posted by Starbuck | February 12, 2011 1:52 PM
In the mid 60's, I took a wilderness survival course from one of the best. The single most important take from that teaching was the rule of threes:
You can live
3 minutes without air
3 days without water
3 weeks without food.
Owning all the water, or enough of it, and in 3 to 6 days, they can rid the world of overpopulation.
Nice, huh?
Posted by Lawrence | February 12, 2011 2:06 PM
The Paulsons are small spuds compared to the Dimonites (from a link in the AlterNet piece):
"This week’s credit check: A record 43.6 million Americans are using food stamps. JPMorgan’s segment that makes food stamp debit cards made $5.47 billion in net revenue in 2010.
You might think that if you’re on food stamps, big banks won’t be very interested in you. What could they possibly want with someone who’s struggling just to put food on the table? But it turns out that you’re actually part of a profitable business for big bank JPMorgan. While the money to pay for the stamps comes from the government, the technology to access it lies in private hands. Food stamps used to be literally stamps — that is, pieces of paper — but in this day and age paper is so old fashioned. Now you get your food stamps with a debit card, and JPMorgan knows all about creating plastic credit products."
http://www.newdeal20.org/2011/02/09/food-stamps-jpmorgan-banking-industry-profits-from-misery-35307/
Too Big to Fail (TBTF) and Too Big to Prosecute (TBTP).
Posted by Gardiner Menefree | February 12, 2011 2:40 PM
Why don't we ask US Bank how much they're making by administering unemployment benefits in Oregon (and wherever else)? Not only do they issue the cards you get your benefits on, they charge a hefty fee if you don't use one of their ATMs to withdraw them.
Posted by Bartender | February 12, 2011 3:32 PM
Good food for thought here
http://www.truth-out.org/discover-network-out-crush-our-public-workers67663
Though I think our future includes lots of pain for all, union isles included, it is worth recalling once in a while that the Paulsons and the Pentagon sows have a lot more to do with our mess than any unionized public employee ever did.
Posted by George Anonymuncule Seldes | February 13, 2011 4:13 PM
And Newt Gingrich, in all his wisdom is supporting bankruptcy for state and local governments. Most likely aimed at public employee unions, but with a number of unintended consequences should even a semblance of this pass, including much higher bond rates, which would benefit, oh, I don't know, the Paulsons?
Posted by umpire | February 13, 2011 4:34 PM
"WASHINGTON (Reuters) – Some of the United States' weakest local governments face a real risk of default in 2011 as well as waves of layoffs that could put upward pressure on the country's jobless rate, according to a Reuters poll.
The findings from the poll published on Sunday found a majority of Wall Street professionals including municipal bond traders and investors believe -- 14 out of 25 -- up to four multibillion-dollar municipal bond defaults will take place this year."
http://news.yahoo.com/s/nm/20110214/pl_nm/us_usa_munis
Neither Portland nor Oregon is mentioned in the report, perhaps because this city and this state are relatively insignificant to Wall St investors when compared to Detroit, CA, and IL.
Posted by Gardiner Menefree | February 13, 2011 8:23 PM