Happy Birthday TiU - 8 years old and still standing

[Ognir]

Was actually yesterday
only got the reminder today

[rmstock]

It was the time when the first nitty gritty details about the collapse
of Bear Stearns came to the public. Lehman brothers was not mentioned
at all, and still up and running. I assume that the `Ten Days That 
Changed Capitalism' were the major reason to start TiU , with a
Fractional Reserve Banking Baby as Admin. Congrats Ognir!
   

From stock@stokkie.net Mon Apr 14 02:34:47 2008 +0200
    Date: Mon, 14 Apr 2008 02:34:47 +0200 (CEST)
    From: "Robert M. Stockmann" <stock@stokkie.net>
    To: stewwebb@sierranv.net, <stefangrossmann@t-online.de>, <too@slingshot.co.nz>,
     <wmreditor@waynemadsenreport.com>, <palast@gregpalast.com>,
     <tom@tomflocco.com>, <skolnick@ameritech.net>, <henry@savethemales.ca>,
     <prophecy@texemarrs.com>, <smith@iamthewitness.com>, <eric@iamthewitness.com>,
     <captainmay@prodigy.net>, <tarpley@tarpley.net>, <takingaim@pacbell.net>,
     <webmaster@rense.com>, <articles@davidicke.com>, <chamish@netvision.net.il>,
     <michaelcollinspiper1960@yahoo.com>, <crescentandcross@gmail.com>,
     <tips@infowars.com>, <cloak.dagger@gmail.com>, <lennybloom@gmail.com>,
     <eric@vaticanassassins.org>, <email@spirituallysmart.com>,
     <deadlinelive@yahoo.com>, <vyzygoth@hotmail.com>,
     <alanwattcuttingthrough@yahoo.com>, <Tillawi@currentissues.tv>
    Subject: The Collapse of Bear Stearns and the Crisis of Fictive Capital
    Message-ID: <Pine.LNX.4.44.0804140132460.2200-100000@hubble.stokkie.net>
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    Hi,
   
    Ralph Schoenman and Mya Shone from takeingaim.info did a amazing job
    debunking the most idiotic financial scam in history, the taking over
    of Bear Stearns.
   
       "Date: Tue, 08 Apr 2008 19:41:37 -0700
        From: Taking Aim <takingaim@pacbell.net>
   
        The Collapse of Bear Stearns and the Crisis of Fictive Capital
   
        Our 4-part series is on our website program archive
        <http://www.takingaimradio.com>
   
        Part One: The Collapse of Bear Stearns
        Part Two: The Specter of Systemic Collapse
        Part Three: Regulatory Charade, A New Crisis in the Making
        Part Four: The Depth of the Assault on Working People
       
        Check it out and tune in next Tuesday, April 15, for a
        conversation with Chris Kinder of the Labor Committee to Defend
        Mumia Abu Jamal.
   
        We rely upon you to spread the news widely.
       
        Mya Shone/Ralph Schoenman
       
        Donations appreciated. Contributions to Taking Aim enable us to
        continue our radio broadcasts, expand our Internet sites,
        produce workbooks, pamphlets and books and organize events. Make
        your checks payable to:
        Veritas Press PO Box 6345, Vallejo, CA 94591"
   
    The article "Ten days that changed Capitalism" by David Wessel [1]
    inside Wallstreet Journal is an attribute to "Ten days that shook the
    World" by John Reed. Where Reed is referring to the Bolshevik
    Revolution, David Wessel however is referring to the Federal Reserve
    and the US Treasury Department, to bolster Wallstreet and the financial
    markets.
   
    Indentify the magnificent seven. The shadow uber bankers who today
    operate behind a sophisticated tarnung, taking down and setting up
    former flagships like Bear Stearns. They use the evil tool of hedge
    funding. BB Bush/Bernanke are the henchmen of these magnificent seven,
    and introduce suitable legislation to make this tarned hedging possible.
   
    Their first attempt was the takeover of ABN/Amro using hedging... it
    failed because everyone could see it was "them" using the evil tool of
    hedging.
   
    The repealing of the Glass-Steagall Act of 1933 in 1999 by Bill Clinton
    created the platform of our current financial mess :
   
    http://en.wikipedia.org/wiki/Glass-Steagall_Act
   
      "Repeal of the Act : On November 12, 1999, President Bill Clinton
       signed into law the Gramm-Leach-Bliley Act, which repealed the
       Glass-Steagall Act of 1933. One of the effects of the repeal was to
       allow commercial and investment banks to consolidate.[citation
       needed] Several economists and analysts have criticized the repeal
       of the Glass-Steagall Act as contributing to the 2007 subprime
       mortgage financial crisis.[5][6]"
   
    The reason for Repeal of the Glass-Steagall Act was to clear the Mess
    of the Savings and Loans scam, which was instigated by George H.W.
    Bush, and resulted in U.S. taxpayers ponying up the loot.
   
    Anyway, takingaim.info has the details, where I found in particular
    Hour 3 interesting, the show from 080401 :
   
       The Collapse of Bear Stearns and the Crisis of Fictive Capital,
       Part Three: Regulatory Charade, A New Crisis in the Making
       http://takingaimradio.com/mp3/takingaim080401.mp3
   
    For the other three audio files see
    http://www.takingaimradio.com/shows/audio.html
   
    Cheers,
   
    Robert
    PS.
    [1] "Ten Days That Changed Capitalism
         Officials Improvised To Rescue Markets; Will It Be Enough?"
       By DAVID WESSEL, March 27, 2008; Page A1
       http://online.wsj.com/public/article/SB120657397294066915-kps7JpgtZ94AzNLCc8q064xrf9s_20090327.html
       http://crashrecovery.org/moneymasters/TenDays-DavidWessel-WSJcom-March27-2008.html   
    --
    Robert M. Stockmann - RHCE
    Network Engineer - UNIX/Linux Specialist
    crashrecovery.org  stock@stokkie.net

[MikeWB]

WOW! Has it really been that long? Amazing how fast the time flies.

Happy B-day TiU and thank you Og!

[yankeedoodle]

Just got back from the store with a few Guinness.  Will drink a toast.

[Ognir]

WOW! Has it really been that long? Amazing how fast the time flies.

Happy B-day TiU and thank you Og!

Mike and we did at least 6-8 months on that free forum beforehand that deleted all the posts after a certain amount of time, can't remember the name.

[MikeWB]

WOW! Has it really been that long? Amazing how fast the time flies.

Happy B-day TiU and thank you Og!

Mike and we did at least 6-8 months on that free forum beforehand that deleted all the posts after a certain amount of time, can't remember the name.

Yeah, I remember that forum. After we left Concen forums, we regrouped there. Now Concen is a shadow of its former self.

[yankeedoodle]

Just got back from the store with a few Guinness.  Will drink a toast.

Slainte!

[Christopher Marlowe]

Congrats Ognir! Wow, time flies.  Mami's is not looking well.

[Watcher]

Llongyfarchiadau!

[Idaho Kid]

Thanks for keeping the lights on, Og.  A great site.

[Ognir]

Where is our donation page, must bet my bitcoin id out there 

[rmstock]

And here's the links to the articles mentioned inside
the The Collapse of Bear Stearns audio series.
The articles of the first three hours lay it all out.

080318    The Collapse of Bear Stearns and The Crisis of Fictive Capital,
        Part One
   http://takingaimradio.com/mp3/takingaim080318.mp3
080325    The Collapse of Bear Stearns and the Crisis of Fictive Capital,
        Part Two: The Specter of Systemic Collapse
   http://takingaimradio.com/mp3/takingaim080325.mp3
080401    The Collapse of Bear Stearns and the Crisis of Fictive Capital,
        Part Three: Regulatory Charade, A New Crisis in the Making
   http://takingaimradio.com/mp3/takingaim080401.mp3
080408    The Collapse of Bear Stearns and the Crisis of Fictive Capital,
        Part Four: The Depth of the Assault on Working People
   http://takingaimradio.com/mp3/takingaim080408.mp3

Part 1:
=======
A Bear Stearns Market
By James Grant , Sunday, March 16, 2008
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/14/AR2008031403318.html

International Business
In the U.S., the economy and banking are pushing each other downhill
By JAMES SAFT  MARCH 11, 2008
http://www.nytimes.com/2008/03/11/business/worldbusiness/11iht-rtrcol12.1.10914629.html?_r=0
(A version of this article appears in print on March 11, 2008, in The International Herald Tribune.)

Business Day
Economy Hammered by Toxic Blend of Ailments
By VIKAS BAJAJ  MARCH 14, 2008
http://www.nytimes.com/2008/03/14/business/14econ.html&pagewanted=2
(A version of this article appears in print on , on page C1 of the New York edition with the headline:
One Ill Compounds Another, Hammering the Economy)

Opinion
The Fed is delaying the day of reckoning
by: Charles Wyplosz March 12, 2008
https://next.ft.com/content/5e9f14d6-f039-11dc-ba7c-0000779fd2ac

Review & Outlook
The Buck Stops Where?
Updated March 17, 2008 12:01 a.m. ET
http://www.wsj.com/articles/SB120571257905240327

BBC NEWS | Business | The US sub-prime crisis in graphics
The downturn in facts and figures
Page last updated at 08:07 GMT, Wednesday, 21 November 2007
http://news.bbc.co.uk/2/hi/business/7073131.stm

Business
Public Risk, Private Gain
By Steven Pearlstein Tuesday, March 18, 2008
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/17/AR2008031702406.html

Timeline: Sub-prime losses
Page last updated at 13:38 GMT, Monday, 19 May 2008 14:38 UK
http://news.bbc.co.uk/2/hi/business/7096845.stm

States' budget crises will hurt millions
Posted 3/17/2008 1:14 PM
By Aaron C. Davis, Associated Press Writer
http://usatoday30.usatoday.com/money/economy/2008-03-17-3872501746_x.htm

Big Business Is Even More Unpopular Than You Think
Published on Wednesday, January 16, 2008 by CommonDreams.org
by Robert Weissman
http://www.commondreams.org/views/2008/01/16/big-business-even-more-unpopular-you-think


Part 2:
=======
Fed's rescue halted a derivatives Chernobyl
12:01AM GMT 23 Mar 2008 Home> Finance> News by Sector> Banks and Finance
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2786816/Feds-rescue-halted-a-derivatives-Chernobyl.html
James Melcher "if the fed had not stepped in we would have had pandemonium"

Fed steps bring praise, new scrutiny
Posted 3/22/2008 10:50 PM |
By Tom Raum, Associated Press Writer
http://usatoday30.usatoday.com/news/washington/2008-03-22-2178222172_x.htm

Business Day
Can't Grasp Credit Crisis? Join the Club
Economic Scene
By DAVID LEONHARDT MARCH 19, 2008
http://www.nytimes.com/2008/03/19/business/19leonhardt.html

The unraveling of Bear Stearns
Sam Zuckerman, Chronicle Staff Writer Published 4:00am, Tuesday, March 18, 2008
http://www.sfgate.com/news/article/The-unraveling-of-Bear-Stearns-3222314.php


http://ww2.hdnux.com/photos/11/01/31/2365005/9/1024x1024.jpg
Image 3 of 3
Bearing down on a bailout. Associated Press Graphic

Business Day
What Created This Monster?
By NELSON D. SCHWARTZ and JULIE CRESWELL  MARCH 23, 2008
http://www.nytimes.com/2008/03/23/business/23how.html


Part 3:
=======
"Ten Days That Changed Capitalism
Officials Improvised To Rescue Markets; Will It Be Enough?"
By DAVID WESSEL, March 27, 2008; Page A1
http://www.wsj.com/articles/SB120657397294066915
http://crashrecovery.org/moneymasters/TenDays-DavidWessel-WSJcom-March27-2008.html   

Business Day | News Analysis
In Treasury Plan, a Reluctant Eye Over Wall Street
By NELSON D. SCHWARTZ and FLOYD NORRIS  MARCH 30, 2008
http://www.nytimes.com/2008/03/30/business/30regulate.html?_r=0

International Business
Paulson lays out blueprint for Wall Street overhaul
By STEPHEN LABATON and MICHAEL M. GRYNBAUM  MARCH 31, 2008
http://www.nytimes.com/2008/03/31/business/worldbusiness/31iht-regs.4.11561330.html
(A version of this article appears in print on March 31, 2008, in The International Herald Tribune.)

The Opinion Pages | Op-Ed Columnist
The Dilbert Strategy
Paul Krugman MARCH 31, 2008
http://www.nytimes.com/2008/03/31/opinion/31krugman.html

Presidential candidates speak on housing and credit crises
Clinton, Obama, McCain defer to Wall Street
By Barry Grey, 29 March 2008
https://www.wsws.org/en/articles/2008/03/cand-m29.html

World Business
UBS to Write Down Another $19 Billion
By NELSON D. SCHWARTZ and JULIA WERDIGIER  APRIL 2, 2008
http://www.nytimes.com/2008/04/02/business/worldbusiness/02ubs.html


Part 4:
=======
washingtonpost.com > Politics > In Congress
ON CAPITOL HILL
Housing Accord Puts Builders First
By Lori Montgomery Washington Post Staff Writer Thursday, April 3, 2008
http://www.washingtonpost.com/wp-dyn/content/article/2008/04/02/AR2008040202293.html

Bloomberg , Sharon Lynch "US Home foreclosures jump 90% as mortgages reset"
(could not be found)

Business Day
With Economy Tied to Wall St., New York Braces for Job Cuts
By LOUISE STORY  MARCH 24, 2008
http://www.nytimes.com/2008/03/24/business/24jobs.html?_r=0

US jobless figures: The specter of a new depression
By David Walsh 5 April 2008
http://www.wsws.org/en/articles/2008/04/jobs-a05.html

UAW lost 73,500 members in 2007
Ranks hit lowest level since 1941
David Shepardson / The Detroit News / Saturday, March 29, 2008
http://www.1853chairman.com/2008/03/29/uaw-lost-73500-members-in-2007/

Resolved issues may revive talks in Axle strike
Eric Morath / The Detroit News / Friday, April 4, 2008
http://www.1853chairman.com/2008/04/04/resolved-issues-may-revive-talks-in-axle-strike/

U.S.
As Jobs Vanish and Prices Rise, Food Stamp Use Nears Record
By ERIK ECKHOLMMARCH 31, 2008
http://www.nytimes.com/2008/03/31/us/31foodstamps.html

News > World > Americas
USA 2008: The Great Depression
By David Usborne in New York Tuesday 1 April 2008 0 comments
http://www.independent.co.uk/news/world/americas/usa-2008-the-great-depression-803095.html

Are We Really That Ill?
By CHRISTOPHER LANE, Project Syndicate | March 26, 2008
http://www.nysun.com/opinion/are-we-really-that-ill/73633/

Emerging Epic Recession?
By Jack Rasmus June 4, 2008
https://zcomm.org/zmagazine/emerging-epic-recession-by-jack-rasmus/