It is time, it is time, for a Lovebrellavution ~ Lenny Kravitz
Dave has been criticized for criticizing social critics such as Russell Brand and Chris Hedges for inciting what Dave refers to as a Wristband Revolution of Plastic Pitchforks. You know, a wristband such as the one that seven time Tour de France “winner” Lance Armstrong wore as an outward symbol of his inward blood transfusions also known as “Live Strong” or little plastic pitchforks such as you might find on a Halloween cake.
Then along comes Tim Cook with his Apple Watch and he takes the Wristband Revolution to an entirely new level by turning the revolutionary into a self-imposed ankle bracelet data collection device for the wrist… told ya so. Well, I didn’t see it coming, but I should have known that when it rains it pours and the one thing you don’t want getting wet in a downpour of democracy is your smart phone… ergo… the Bumbershoot… Hands Up!… Don’t Shoot The Bumbershoot!
The confidential report from Columbia professor David Beim written for the New York Fed in 2009, to address what is essentially Janet Yellen’s “I didn’t see any of that coming until it happened.” claim relative to the financial crisis.
What strikes Dave as the most interesting thing about all this? It’s fairly simple. Eric Holder establishes new State Secrets Policies on September 23, 2009. We figure “state secrets” would have to do with spying, the military and such, but if you ask me state secrets are more about our banking system and the inherent systemic risk baked into Too Big To Fail. Too Big To Fail essentially means that the banks run the government rather than the other way around. That fact has been documented on this blog for the past five years and some of the best examples can be found by searching this site for CFTC, Bart Chilton, Gary Gensler and the definition of swaps.
So nearly five years to the date after Eric Holder sells out the Republic in exchange for support of the banking system (more specifically in this case Goldman Sachs), Holder resigns. I’m no expert on the subject, but my guess would be that the five year statute of limitations just ran out on prosecuting Eric Holder. Heck of a job.
So why exactly did Ms. Segarra’s (who had sought a $7 million settlement with the Fed) Secret Tapes just get released at the exact same time that Eric Holder resigned and the statute appears to have run. Sounds familiar… kind of like la familia or la mafia. According to the Wall Street Journal, there’s nothing unfamiliar to see here folks… move along.
In other news… a Goldman spokesman declined to comment on any specific deal misgivings, but in a statement, the firm said it “has long had a comprehensive approach for addressing potential conflicts. Then, Goldman immediately changed its “long had” policy:
And finally, the scandal comes full circle with Elizabeth Warren calling for Congress to hold “oversight hearings on the disturbing issues”. In other words, the “folks” who were responsible for setting this up in the first place are going to investigate the regulators who were regulating the regulators.
Technically speaking you don’t “pave” concrete… you pour concrete. So… you didn’t pour that.
Dave Angelo on eEconomics. Think of it as the Russell Brand wristband revolution in a suit. Quite entertaining and a pristine presentation, yet most likely progressive (libertarian paternalism) at the core. Enjoy.
I nearly forgot how rich I was until I was reminded that I get to share a huge part of my working life with my wife. In this very strange interview Ray Dalio and Mike Bloomberg mix like oil and water. I can only think that Mike is attempting to showcase his way back into a position of respect within his own organization after playing musical chairs with Dan Doctoroff when you own the chair factory. How much does Stephanie like Mike (not)?
The dynamic of interviewing your boss when undoubtedly your boss set up the interview is “The Best of Bloomberg.” As Mike says, “Just remember… happiness can never buy money.” Clearly, money can buy you an interview on your own network, but unfortunately for Mike, it can’t buy you respect. One other thing… don’t miss Mike’s litmus test on who you should remember to be nice to – that would be the person in charge of end-of-year compensation.
Ray on how “Ray’s Principles” evolve to “our principles.”
“What I hope for most is that you and others will carefully consider them and try operating by them as part of your process for discovering what works best for you. Through this exploration, and with their increased usage, not only will they be understood, but they will evolve from “Ray’s principles” to “our principles,” and Ray will fade out of the picture in much the same way as memories of one’s ski or tennis instructor fade and people only pay attention to what works.”
Before the green screen, there was the green sheet and before ISIS there was Captain Nemo.
Parental Guidance Suggested (below)… and for those who want to shoot a video of a real beheading, here are a couple of tips. Don’t use a green screen and don’t use a fan blowing on the victim where the wind is at an exact consistent speed and don’t over-pixelate the colors. Then, don’t stack the head on top of the body like when someone buries themselves at the beach. Separate the head from the body and its probably best if you stick the real head on top of a pole and run it through the streets and finally don’t use Borat as the executioner.