torstai 23. joulukuuta 2010

Rauhallista Joulua

Muistattehan myös pikkulintuja !

5 kommenttia:

Mika kirjoitti...

Rauhallista ja toiveikasta Joulua sinullekin Lars!

Hilda K. kirjoitti...

Levollisia pyhiä blogistille ja kommentoijille!

Anonyymi kirjoitti...

En ole oikein rauhallisella mielellä ollenkaan.
Miten tämän kaiken tuhon keskellä voisi löytää mitään rauhaa?
Nyt on uutta tietoa Meksikonlahden katastrofista. Kirjoitin joskus, että vuotoa tuskin on saatu tukittua koska öljyä valui meren pohjaan satoja metrejä itse porausreiästä. Asia on nyt vahvistettu. Linkki paljastaa karun totuuden: Meksikonlahti on tuhottu.

Lars Osterman kirjoitti...

It is with deep regret that we publish this report. We do not take this responsibility lightly, as the consequences of the following observations are of such great import and have such far-reaching ramifications for the entire planet. Truly, the fate of the oceans of the world hangs in the balance, as does the future of humankind.

The Gulf of Mexico (GOM) does not exist in isolation and is, in fact, connected to the Seven Seas. Hence, we publish these findings in order that the world community will come together to further contemplate this dire and demanding predicament. We also do so with the hope that an appropriate global response will be formulated, and acted upon, for the sake of future generations. It is the most basic responsibility for every civilization to leave their world in a better condition than that which they inherited from their forbears.

After conducting the Gulf Oil Spill Remediation Conference for over seven months, we can now disseminate the following information with the authority and confidence of those who have thoroughly investigated a crime scene. There are many research articles, investigative reports and penetrating exposes archived at the following website. Particularly those posted from August through November provide a unique body of evidence, many with compelling photo-documentaries, which portray the true state of affairs at the Macondo Prospect in the GOM.

Anonyymi kirjoitti...

Hei talousdemokraatit. Menkääpä katsomaan leffa nimeltä Inside job.
Pyörii DocPoint-festareilla Helsingissä ensi viikolla, 28.1.2011.

Lyhyt tiivistelmä elokuvan sanomasta eli siitä, miten talouskriisi tehtiin USA:ssa.

1) Taking away regulatory control. Legislation was changed during Reagan administration to allow financial sector to function without too much regulation

2) Concentration of banking business. Strong concentration of U.S. financial sector developed. Concentration increased risks and created dependencies (less other opinions or alternatives).

3) Extensive use of derivatives on financial sector. Deregulation made it also possible to create such products which increased risks, created instability to financial markets and made it possible for financial actor to play with different cards (e.g. sell derivatives with a high price for one party & bet against their value with the other party –
which was made at least by Morgan Stanley – which led to the court).

4) Deregulation coupled with derivatives created a model which could be efficiently used to large scale financial fraud.

5) Same financial experts (which supported deregulation and derivatives) worked for Reagan, Clinton and Bush. Accordingly, there was a consious political will behind these practices.

6) Financial sector raised consciously their investments on derivatives although they knew it was risky business – and they knew they increased their risk potential.

7) Increased risks got a blessing from political actors.

8) Artificial AAA-AA -classification of assets. Valueless assets could be sold to customers, since their value could be kept officially high by false classification/indicators. Trust on financial institutions was accordingly very high and customers didn’t see any problem to buy these worthless assets.

9) Dirty science. Researchers from highly respected universities received meaningful salaries by working as political advisors or board members of financial corporations. They wrote publications underlining
how derivatives and deregulation are useful elements on a marketplace (which can be compared to the medical scientists advocating medications which would worsen sicknesses).

10) Financial crisis led to several major court cases, since it was based on fraud and financial crimes. Several highly respected financial institutions were involved in crimes. Also, it seemed to be a well-known fact that Wall Street bankers largely use drugs and enjoy services of
prostitutes and these services are paid by their employers.

11) Federal Reserve knew about the crisis, but they did not want to notice or involve in a situation. They did let it happen.

12) Signs of the crisis were recognized and made public from 2006 on by financial experts and analysts. However, nothing was done before bailout.

13) Bailout transferred the bill for citizen. This course of events led to rise of unemployment, people lost their money etc. Crisis was transferred to Europe.

14) All people involved in criminal activities were not sued or did not end up in front of the court. Many of them still serve in high paid jobs.

15) Huge bonuses in Wall Street are still paid.

16) Obama promised to make a change

17) No change. Obama chose as his financial advisors the same people, which worked behind the scenes of the financial crisis. The same people who worked for Reagan, Clinton and Bush. No learning took place. No changes in legislation, no stricter regulation for financial markets to secure that financial crisis does not take place again.

Indeed, the message of the film is, that it is likely to happen again!

But then, it is going to be worse.