Follow this link to the article in the New York Times.

This is a more temperate article than the ones I have posted previously.  It leaves open the possibility that the previous articles are correct, but it does not assume that they are.

Follow this link to the article by Ellen Brown posted on OpEdNews.

I have been wondering when she would weigh in on this issue.

She is the author of the article I linked to in my post Computerized Front Running: Another Goldman-Dominated Fraud.

For the last several days, I have been suggesting this market dive could be coming from Goldman Sachs based on what she wrote in her previous article.  I didn’t realize quite how easy it would be for them to do this until I read her latest article.

Imagine you were holding that Accenture stock at around $42.00 and put in a market order to sell.  I bet you would have been surprised to find that your broker sold your stock for $0.01.  I am in the habit of using market orders, but I may rethink this in the future.

Oops!.  I looked up Ellen Brown’s web site for her book The Web of Debt. You can hear the introduction to her book at this link.  If I hadn’t seen a picture of Ellen Brown, I might have mistaken her for Ron Paul in drag.

She may have cause and effect a little confused.  Some of what her intro claims seems to be close to a line of at least stretching the truth if not all out bending it beyond recognition.

I leave it to the more expert readers of this web site to tell me what they think.

Follow this link to the story at Yahoo News.

Their is a slight danger in posting this information on this blog.  However, I think that Yahoo! is a much more widely read source than this blog is.  So the damage is already done.

With  signature authenticating mechanisms already in wide use, I’d think the technology is available to solve this problem.  I’d think that each link in the chain could have a pretty good idea of the immediate next links in the chain so that it wouldn’t have to check those links’ authenticity on every message.

The problem of the authenticity check being a single point of failure could be easily solved by making it a distributed mechanism.

If I can think of these things, I am sure the experts trying to implement a solution have already thought of these ideas.

Now it is a matter of getting the humans involved in the process to come to some sort of agreement.

Follow this link to comments about this graph

Follow this link to hear James Harris interview Danny Schechter.

Some phrases I jotted down from the interview:

Jailout not just a bailout

MEGO – My eyes glaze over (does this pertain to Steve’s Politics Blog?)

PlunderTheCrimeOfOurTime.com

Massachusetts sued Goldman Sachs for intentionally designing mortgages to fail. Goldman Sachs settled.  They weren’t the only ones doing it.

Needs pressure from the public.

You have to read the reviews of Plunder: Crime Of Our Time posted on its web site.

Or how about this quote from the web site:

“When plunder becomes a way of life for a group of men, they create for themselves, in the course of time, a legal system that authorizes it, and a moral code that glorifies it.”
– Political economist Frederic Bastiat, The Law [1850]

Perhaps this is the reason our good jobs are being outsourced. The business of America has become financial crime. We can’t be wasting our time on doing productive stuff. It just doesn’t pay as well. Who said crime doesn’t pay?

Follow this link to a broadcast I just watched on booktv.

New Yorker editor David Remnick talks about the life and political career of President Obama with NPR’s Michele Norris.

The discussion is about the book The Bridge: The Life and Rise of Barack Obama
I watched a significant portion of the show, but did not catch it from the beginning.  The book sounds like one I want to read as soon as I can.  The author seems to be very thoughtful. I am now going back to view the part of the show that I missed.

I found a review of the book and interview David Remnick’s Obama Biography: A Bit Much, a Bit Too Soon. Maybe I skimmed this review too fast.  I couldn’t find anything in the review that matched the negativity of the  headline.

Follow this link to a story posted on OpEd News.

OK, I can understand why the mainstream press hasn’t got a clue.  Particularly the business press is supported by the very people they are reporting on. (RichardH posted a link to an article that explains how Warren Buffet gets away with what he does and still comes out smelling like roses in the press.  It is no coincidence that Buffet is now vouching for the honesty of Goldman Sachs.  Well if not honesty, at least not getting caught up until now.)

What really surprises me is that a poster on OpEdNews is mystified.

A few days ago I posted Computerized Front Running: Another Goldman-Dominated Fraud. This post linked to the Ellen Brown piece that was on the OpeEdNews web site.

Doesn’t anybody remember stories that were posted more than a day ago?

It is like the whole world just does not want to believe the information that is being thrust in front of them.

Follow this link to the article on Motley Fool.

I link to this article particularly for the remarks that Warren Buffet made in defense of Goldman Sachs.  When I heard him make these remarks while I was watching Nightly Business Report, I was shocked.  I still don’t know what to make of it.

I know that Warren Buffet is lionized in investing circles.  However, his life story doesn’t necessarily assure you that he only operates on the highest ethical plain.

He does seem to be saying that if not prevented by regulation, he is perfectly happy to engage in some sharp business practices.