deleted bailout thread due to unfor "seen" problem

[vigilant]

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[Foote Hertz]

Its like someone telling you that your mother is really a snake. You grew up with mother. Would you be able to wrap your mind around that if your mother were a snake? Probably not. She would still be mother.

This shit has been going on for thousands of years. Same families change their names to hide their identity, and they lie about their backgrounds and ethnicities to make themselves appear to be something they are not.

You've reminded me of a post from one of my favorite blogs.

Friday, July 06, 2007
It Is Said She Will Reign Until The End Of Time [ vigilant wrote: Every heard the old saying, "you don't even know what time it is?" see? ]




"The fairy, Melusine, was the daughter of the fairy Pressyne and King Elynas of Albany. She became the fairy Queen of the forest of Colombiers in the French region of Poitou. One day, she and two of her subjects were guarding their sacred fountain when a young man, Raymond of Poitiers, burst out of the forest. Melusine spent the night talking with Raymond, and by dawn, they were betrothed, but with one condition. Melusine requested that Raymond promise that he would never see her on a Saturday. He agreed, and they were married.

Melusine brought her husband great wealth and prosperity. She built the fortress of Lusignan so quickly that it appeared to be made by magic. Over time, Melusine built many castles, fortresses, churches, towers and towns, each in a single night, throughout the region. She and Raymond had ten children, but each child was flawed. The eldest had one red eye and one blue eye, the next had an ear larger than the other, another had a lion’s foot growing from his cheek, and another had but one eye. The sixth son was known as Geoffrey-with-the-great tooth, as he had a very large tooth. In spite of the deformities, the children were strong, talented and loved throughout the land.

One day, Raymond’s brother visited him and made Raymond very suspicious about the Saturday activities of his wife...."

Link: Encyclopedia Mythica: Folktales

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... So the next Saturday, Raymond sought his wife, finding her in her bath where he spied on her through a crack in the door. He was horrified to see that she had the body and tail of a serpent from her waist down. He said nothing until the day that their son, Geoffrey-with-the-great tooth, attacked a monastery and killed one hundred monks, including one of his brothers. Raymond accused Melusine of contaminating his line with her serpent nature, thus revealing that he had broken his promise to her.

As a result, Melusine turned into a fifteen-foot serpent, circled the castle three times, wailing piteously, and then flew away. She would return at night to visit her children, then vanish. Raymond was never happy again. Melusine appeared at the castle, wailing, whenever a count of Lusignan was about to die or a new one to be born. It was said that the noble line which originated with Melusine will reign until the end of the world. Her children included the King of Cyprus, the King of Armenia, the King of Bohemia, the Duke of Luxembourg, and the Lord of Lusignan.

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... and now, back to your regularly scheduled credit crisis ...

[chlamor]

Thanks for all this vigilant.

Overall I'm not surprised by the incredible fear people are feeling all around but still I'm somewhat dismayed by the amount of backing there is for a Wall St. bailout from so-called liberals and progressives "as long as it is regulated" and not a total "free ride" for Wall St. whatever that entails.

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Jamie Dimon, JPMorgan Chase CEO, and Alan Schwartz CEO of Bear Stearns addressed a group of 400 stunned Bear executives and said “We here are a collective victim of violence.”

http://rigorousintuition.ca/board/viewt ... 464#219464

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[cptmarginal]

Thank you vigilant for the wealth of information and analysis.

Say hi to your new daddy. Whoever is raking in Lehman, in the end, is it.....

Well, Nomura Holdings in Japan already got a big chunk - and frankly, that kind of freaks me out. Japan's hollow state got filled up with Yakuzas long ago.

Yakuza stalk Japanese markets as organised crime opens new front

Aug. 28, 2008

Japan's powerful yakuza organised crime syndicates are mounting a widespread assault on the country's financial markets that may have left hundreds of listed companies riddled with mob connections.

In a surprisingly stark admission, the National Police Agency (NPA) says that it is locked in a battle for the economic soul and international reputation of Japan.

Police investigations suggest that the yakuza have become voracious traders and manipulators of listed Japanese shares, and, via a network of about a thousand apparently legitimate front companies, occupy big positions on the shareholder registers of many companies that may not even be aware of the connection.

According to one veteran expert on the yakuza, the new activities of the nation's largest crime syndicates have effectively turned the mob into the biggest private equity firm in Japan.

In a White Paper on the subject, the NPA gives warning that the yakuza's switch from old-fashioned crime rackets such as drugs and prostitution to mainstream financial markets is “a disease that will shake the foundations of the economy”.

Japan's Securities and Exchange Surveillance Commission has compiled a watch list of hundreds of companies suspected of direct or indirect links to mafia money. The list, which was drawn up in private but has been seen by The Times, includes more than 200 publicly traded companies, many of which are household names in Japan.

The issue has become so acute that the Osaka Stock Exchange has been forced to introduce an entirely new screening system to establish which companies have direct mob links or large quantities of yakuza money on their shareholder registers. Scores of companies, one exchange source said, faced the threat of being delisted.

As well as flagging the risks of a yakuza invasion of financial markets, the police's report also sounds alarm bells over the property and construction sectors. The greatest risk, it says, is that the yakuza gangs match the operational strategies of mainstream global corporations and outsource much of their financial chicanery to “co-operative groups”.

Yet even as police and regulators rush to address soaring yakuza interference in the securities industry, close observers of the Japanese mafia believe that the problem now may be beyond control. The sophistication of the crime gangs has grown exponentially in recent months. Many have begun to hire newly unemployed traders, who have been laid off by large financial houses feeling the squeeze of the credit crunch.

According to one in-depth investigation by NHK, the state broadcaster, a few yakuza gangs even operate their own stock-dealing floors, where millions of dollars of shares are traded every day. A newly published book on the subject - Yakuza Money - claims that the presence of skilled former bankers, stockbrokers and accountants on the yakuza's extended payroll has dramatically increased the mob's income stream and made it virtually impossible to discern the difference between legal and illegal funds as they flow through the Japanese markets.

Joshua Adelstein, an author and consultant on the yakuza, says that one of the key recent developments has been the emergence of mob-backed auditing firms. It is by getting these auditing firms to sign-off false company accounts, he said, that the yakuza were able to manipulate both the apparent earnings and stock prices of numerous small listed companies.

Mr Adelstein said: “The police are worried, but they are understating the problem. Organised crime has made tremendous inroads into the Japanese financial sector. The bad guys now have everything in place to manipulate the stock market.”

Note: the Japanese SEC referenced above did not exist until pretty recently.

From their website:

A series of so-called securities and financial scandals involving major securities companies in the summer of 1991, had ignited discussions about inspections and surveillance system over securities companies and market intermediaries.

In the autumn of 1991, an Advisory Committee to the Prime Minister recommended the establishment of an inspections & surveillance commission which was independent from the supervisory function of the Ministry of Finance.

Based on the recommendation, the Securities and Exchange Surveillance Commission (SESC) was formally established on July 20, 1992 within the ambit of the Ministry of Finance for the purpose of ensuring fair transactions in both securities and financial futures markets and maintaining the confidence of investors in these markets.

The scandal they are referring to was the "bursting of Japan's bubble". Here's a refresher on some related events:

Who got Yakuza into our banking system?

Business Week carried a feature story in its Jan. 29, 1996 edition with the headline "The Yakuza And The Banks" printed in big yellow letters, accompanied by a cover photo of a "jiageya (land turner)" in Osaka.

The main focus of the parliamentary debate begun recently is whether tax money should be used to bail out the special housing loan companies, "jusen," whose management collapsed under the weight of trillions of yen in bad loans.

The seven failed jusen companies have a combined total of claims amounting to 13.2 trillion yen, at least half of which was lent to the yakuza (organized crime)-related companies at the peak of the economic bubble. These loans are quite difficult or almost impossible to recover. As far as the known figure goes, the use of 1 trillion yen in public funds to save the "jusen" will in effect save the yakuza, which would no doubt incur the public's wrath.

The question to be asked is how the yakuza could penetrate the nation's banking industry so deeply. The yakuza has been around for centuries, but at least until the 1970's it had confined its activities to the underground world without making much noise or interfering with legitimate businesses.

Also, please note that Japan just elected a brand new prime minister, just as these events are unfolding: Taro Aso. Interesting facts about him: he's a Catholic (in a country with less than 1% claiming that status), he's a conservative, he went to Stanford, and many people say he was overly "Americanized" in the process. Some timing for this man to take office...

"Aso spent two years working for a diamond mining operation in Sierra Leone before civil war forced him to return to Japan."

[Alfred Joe's Boy]

But it will keep them building gas-guzzlers for another generation or so.

Who in the world will buy them? Seems like all the well-off folks I see in this area have gone over to the big Lexus, Acura & Range Rover SUVs to do their gas-swilling for them; the Cadillac trucksters no longer hold that je ne sais quois that the "lookit me" folks are demanding these days...

In all seriousness, I hope GM's new Volt does well.

From the blog Carrie's Nation:

General Motors Sheds Some More Contract Workers

The Detroit News, the Detroit Free Press and a few other news outlets (International Herald Tribune) reported yesterday and today that General Motors is, according to spokespersons Dan Flores and Tom Wilkinson, contacting bodyshops and informing them they are shedding a few hundred of their contract workers.

All three articles mentioned that these layoffs are part of an overall plan to reduce their salaried workforce by 20% (5,000 jobs).

Of the three articles I picked, naturally the IHT article (off the AP newswire) was the most vague, mentioning only that Dan Flores declined to give the number of positions being cut, positions would be cut across the U.S., and that these cuts have been going on since March.

The Detroit Free Press, (which included this as part of an "Auto Briefs" feature), went on to add that a source informed them that 300 to 400 contract jobs, mostly in engineering, are being eliminated.

David Shepardson from the Detroit News Washington Bureau (?), gave by far the most complete story. GM spokesperson Tom Wilkinson is quoted as saying:

"We are reducing some of our contract positions as we realign resources," he said, noting that the company had announced it was "postponing work on full-size trucks and moving engineering resources around."
It certainly makes sense, doesn't it? GM is no longer pushing for high-volume sales of full-sized trucks and SUV's, so the logical move would be to fire the workers who are designing those nasty gas-guzzlers. Few tears would be shed over that decision.

Shepardson also mentions that:
A contract worker at GM for RCO Engineering said a large number of workers were laid off about three months ago. An RCO Engineering employee confirmed that the company has had layoffs, but didn't have a figure.

Typically, GM informs a contractor the project is completed and its contract is up or cancelled, and then the contractor informs the employee.

I'm impressed that Shepardson actually took the time to talk to a worker, since they usually know a lot more than what management is releasing to the news outlets.

I'm always intrigued by the timing of these layoff announcements. Actually, I'm doubting if GM initiated the announcements with any sort of formal press release. Announcements concerning contractors (and they usually give very few of these announcements, with companies preferring to go the "death by a thousand cuts" route) are usually buried within news releases regarding the elimination of a much smaller number of salaried workers. I'm thinking someone may have leaked the news, and reporters contacted GM for verification. Hence, the two different spokespeople handing out information (Flores and Wilkinson).

The best scoop of all belongs to Robert Farago's The Truth About Cars:
A reader informs us that there are around 500 contract designers on staff at GM’s Warren, MI Tech Center, mostly working on hybrid design. Approximately four-hundred got the axe. Friday is their last day. He also tells us that the remaining 100 workers will be gone by year’s end. Where does this leave GM’s hybrid design team? China.
Notice how GM's Wilkinson quoted in the Detroit News story does not come right out and say "We are laying off engineers who worked on trucks and SUV's". He just seemed to have mentioned pullbacks in those areas as kind of a breezy afterthought.

I have no way of knowing the veracity of Farago's information. It does make sense that if GM is training Chinese students in Beijing to work in their brand-new hybrid research facility in Shanghai, they would have to cut out a few workers in the U.S.

Does anyone remember how GM held an invitation-only job fair on May 5, 2007 to hire 400 engineers and tech workers "...in fields such [sic] powertrain engineering, product development and fuel cells"? Does anyone else remember how the event was invitation-only because they received 7,000 resumes?

Is there any stipulation in the $25 billion automaker bailout that all of this money needs to stay within the U.S.?

Or, as Peter De Lorenzo points out in today's Autoextremist rant, this might all become a moot point quicker than we would like:
But if consumers can’t get credit to buy vehicles right now, or if it becomes extremely difficult to get credit even if a consumer’s credit rating is outstanding, then we’re talking about the collapse of the entire domestic automobile industry as we know it. Not just another negative step in a long line of negative steps for Detroit, but an imminent and outright collapse.

[monster]

Thanks for the commentary, vigilant. I'm not a math genius but I'm smart enough to read what you're writing about this. It sure sounds like a coup d'etat.

[vigilant]

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[cptmarginal]

And as far as Nomura goes...think global. What has been happening at the same time, to the same countries? Same bogus bank stories. Their webs are connected. In collusion one with another. We already know that we have some...mmmmm.....how to say......"variably toxic" assets. Variable according to "need". Need of who?

Yeah, definitely - the news from practically every country has been these same sort of bank stories. It looks to me like a lot of the very recent propaganda pieces about how "Japan is back!" are basically signifying that the yakuza just cut some sort of deal with our new financial world order. The timing and background of the new prime minister reeks as well, in my view - could just be a coincidence or luck.

Put big rocks in a jar. What is not "big rocks" in the jar? Empty space right? You want to inhabit that space and take it over ok? How would you do it? And after you did, what would be the result? You would have to use sand right? If you are the sand, and you see the empty spaces between the rocks in the jar, and you want to live there, what would you do? Pour your small ass in there a little at a time. You are "incorporated" into the jar, rocks, all of it yes? If the jar moves, since you are the sand, what happens to you? You move with it right? What if the jar of rocks decides it wants to run away from you? Its screwed right? It can "never" get away. Incredibly small numbers, infiltrated into big numbers, create a pattern. Very distinct pattern too. Bibical as a matter of fact......"ahem"......

That's actually a strikingly good metaphor; it definitely fits in with my personal research and findings.

Also: "Everything not forbidden is compulsory." T.H. White

mmm....those nasty yakuza people have some of those nasty al queda habits. unless my eyes deceive me, i'd swear those boys exchanged their turbans for some samuri swords.......nahhhhh...surely not.......i'm sure i'm just trippppppppiinnnnnnn

Shit, Al Qaeda will never catch up to the Japanese/Korean deep state until they master levitation.