Friday, September 5, 2014

economics and society- the U.S. Military and it's revolving doors with criminal bankers

You wouldn't want the military personnel to miss out on their chances of looting with the Clintonites, the neocons and the criminal bankers.  Now would you?


Larry Summers, Robert Rubin, Judge Levine and Wendy Gramm(?) used the CFTC to block good cases against the banks by their affluent investors who can afford good lawyers?
Here's a recap.

Here is an excerpt from the U.S. Air Force Honor Code:

Honor Code: We will not lie, steal, or cheat, nor tolerate among us anyone who does.
Honor Oath: We will not lie, steal, or cheat, nor tolerate among us anyone who does.  Furthermore, I resolve to do my duty and to live honorably, (so help me God).
Spirit of the Code: Do the right thing and live honorably.

B* Puhleeese! 

"Greg Rattray, a former U.S. Air Force commander for information warfare, became JPMorgan’s head of information security that month after upheaval at the highest levels of the bank’s tech division. "

He's not alone.  Maurice Greenberg of AIG served in the ARMY.  At first, he did great by selling Chinese insurance in 1992, before Clinton bombed the Multilateral Investment Agreement circa 1995 between the U.S. and China, before NAFTA with China in 1999 and Deregulation in 1999-2000.

Warmongering 4 Star General enjoys frivelous trips to liberal Burningman.

Then there's...Vincent Viola!  No.  It's REALLY good to be Vinnie Viola.  
Brooklyn-born Vincent Viola, known to friends as Vinnie, has long been a major player on Wall Street. A graduate of West Point, Viola earned his chops on Wall Street in the 1980s as a trader on the New York Mercantile Exchange. In 1987 he started a commodities trading firm called Pioneer Futures.
By the mid-1990s, he was vice chairman of the Nymex. In the 2000s, he ascended to the role of chairman and helped bring the exchange through 9/11 and the collapse of Enron. Viola stepped down in 2004 and spent his time running Pioneer and several other electronic trading operations.
In late 2008, Viola founded the International Derivatives Clearing Group,a clearing platform for interest-rate swaps. Early the next year, he started Virtu Financial, a high-frequency trading operation, in New York.
Viola also has interests outside trading. In 2004, he joined New York property mogul Bruce Ratner, among others, in the purchase of the New Jersey Nets basketball franchise.htt
Here are your ARMY values!
Selfless Service
Put the welfare of the nation, the Army and your subordinates before your own. Selfless service is larger than just one person. In serving your country, you are doing your duty loyally without thought of recognition or gain. The basic building block of selfless service is the commitment of each team member to go a little further, endure a little longer, and look a little closer to see how he or she can add to the effort.
HonorLive up to Army values. The nation’s highest military award is The Medal of Honor. This award goes to Soldiers who make honor a matter of daily living — Soldiers who develop the habit of being honorable, and solidify that habit with every value choice they make. Honor is a matter of carrying out, acting, and living the values of respect, duty, loyalty, selfless service, integrity and personal courage in everything you do.
IntegrityDo what’s right, legally and MORALLY. Integrity is a quality you develop by adhering to moral principles. It requires that you do and say nothing that deceives others. As your integrity grows, so does the trust others place in you. The more choices you make based on integrity, the more this highly prized value will affect your relationships with family and friends, and, finally, the fundamental acceptance of yourself.
Personal CourageFace fear, danger or adversity (physical or moral). Personal courage has long been associated with our Army. With physical courage, it is a matter of enduring physical duress and at times risking personal safety. Facing moral fear or adversity may be a long, slow process of continuing forward on the right path, especially if taking those actions is not popular with others. You can build your personal courage by daily standing up for and acting upon the things that you know are honorable.
So what's so dishonest about these Algorithmic High Frequency Trading Platforms?

"High frequency trades form just one-third of total volumes in India". This is because such trades account for just a third of the total trading volumes on Indian bourses against the 60-70 per cent in most developed markets in the US and Europe

PER THE CHICAGO FEDERAL RESERVE:A handful of high-frequency trading firms accounted for an estimated 70 percent of overall
trading volume on U.S. equities markets in 2009. One firm with such a computerized system
traded over 2 billion shares in a single day in October 2008, amounting to over 10 percent
of U.S. equities trading volume for the day.
Did nobody notice the market volume tanked after 2003?
I think the press was fixated on Palin and Snooki or something of that nature.

So basically a really thinly traded market is easier for pump and dump traders to manipulate.   So when the volume of Google drop while the price went up?  In the next two illustrations, look at how the volume drops on stock price gains for both the Dow and Google.  It's not just them- if you're even looking at the U.S. exchange traded vehicles- most stocks have done this.   

So when the market makers push up the price of Google on very thinly traded shares like the rest of the DOW

and collection of 2000+ corporate stocks, the question of liquidity comes up.

Basically Liquidity is basically the ability to monetize their company to pay share holders back on the going stock price in the event they should run out of money!  Like Enron for example.  Or the banks selling UNCOLLATERALIZED "collateralized" debt/mortgage/etc. obligations

Notice the word COLLATERAL.  Liquidity requires COLLATERAL.  Would a bank sell you a mortgage on a house without the house used as collateral?   They need something to hold the borrower responsible for paying the lender back(in the case of the mortgage, the lender is the bank).

Now if the price of the stock goes WAY up, without organic live human demand- then the P/E ratio should go up.  NOPE!  FUNDAMENTAL P/E Ratios were high during the dot com bubble which made the P/E ratio a more reliable indicator of the risk taken.

This wasn't disclosed on the small print, not that the boomer and rep majority fiscal/voting influence cares about the small print anyways.  Which is why they all sold their souls to the Devil on counterfeit subprime backed teaser rate mortgage sponsored real estate ponzi scheme casino.

NOW!  The P/E Ratio on most stocks are Trailing P/E Ratio drops the number to make the stocks appear safer from risk.  

Now what does the Post Enron/SubprimeCollapse Regulators say about LIQUIDITY?
A number of exchange staff acknowledged that high speed trading firms provide liquidity to the markets. 
While deep and liquid markets are important to every exchange, options exchanges particularly value the role of dedicated market makers because maintaining liquidity in the options market, which has tens of thousands of permutations of various product classes with multiple strike prices and contract months, is more difficult than maintaining the liquidity in the underlying stock. 
One staff member from an options exchange drew a sharp distinction between high speed trading firms that are dedicated market makers, are regulated, and have obligations to quote two sides of the market 
over a specific number of days and in particular asset and/or product classes, and high speed trading firms 3 that are not designated market makers. For example, some high speed trading firms have become registered brokers, are regulated, but do not have obligations to maintain market liquidity.

Still other high speed trading firms are not registered brokers or designated market makers, and have no obligations to provide dedicated liquidity. This exchange staff member also said some high speed trading firms that do not have obligations to provide liquidity to the markets and have invested heavily in faster and better technology are taking profitable trading opportunities away from designated market makers. 
FMG staff noted that unlike equity and options markets, designated market makers are rare in U.S. futures markets. As such, trading firms generally have no obligations to quote two sides of the market over a specific number of days in particular asset and/or product classes. Moreover, trading firms that are not  registered futures commission merchants (FCMs) and are not clearing members are unregulated."


About this so-called "Pump and Dump" Scheme...   

"Manipulative Market Practices Inquiries regarding how exchanges monitor whether spoofing or layering and other types of order
manipulation are occurring revealed that exchanges rely on manual or automated tools or both to detect
such practices.8  Exchanges have the capability to monitor whether manipulative market practices are
occurring at their individual exchange. However, the fragmented structure of equities and options
markets, where products are fungible and firms are able to buy and sell the same instrument at multiple
trading venues, prevents these exchanges from detecting whether a trading firm is engaging in
manipulative practices across multiple exchanges. Equities and options exchanges provide the
Intermarket Surveillance Group (ISG)9 with information for cross market surveillance, but do so on a lagged basis three days after the trade (T+3).
In the futures markets, where some products are traded almost exclusively at a single trading venue,
exchange staff is able to view the majority of trades in these products. However, futures markets face the same challenges in detecting manipulative practices firms may be engaging in across exchanges. Futures exchanges can obtain information on cross market activity from the ISG for this purpose, subject to the limitations described above...
Now some blood thirsty backstabbing sycophant is going to ask me why do I care so much?
About myself.  I'm a Hapa military brat who was held to high standards of ethics and behavior with a death grip.   I get it, life isn't fair.  BUT.  Life is supposed to be feasable if you do the right thing, think and work hard enough.

To uphold standards of behavior, I had some of the "typical" treatment which included beatings with metal or anything, I was locked in a closet naked for 2 hours as punishment for being 2 or 3 or even 4 years old.  One time during high school, my parents would ground me for weeks AFTER a beating where our RACIST white trash neighbors were laughing as we were beaten to a pulp by a self loathing Tiger mom while military dad got this twisted sick sense of a powertrip by berating us with explosive violent rages.  This is only after the masochistic retard gave us foreign names in a RACIST country when he was serving in a RACIST military.   Even now, as an adult.  After I had supported myself and put myself through school, after 15 years of supporting myself and being a decent person I get grief from a nasty racist society stemming from the military and groups of Asians that held me to high standards but wouldn't support me when I made the right choices or help in any way, shape or form.

I was the meal ticket to the Visa Sponsors.  Ask any estranged ex-husband of an Asian "Fresh off the Boat" woman.

Ask the retarded Asians who make a big fuss about how much they "suffered" then run out with money stolen from Gen X, Y and Millinials to gamble with as "status quo".  Ask them about their ethics- all but the actual scholars in the Korean community who already know that they're too good for that line of garbage.

Koreans shouldn't put the US on a pedestal by the way.  Unlike the U.S., Asia is not dangerous to it's poor population like it is here in the garbage cesspool once known as the United States of America.  Asia doesn't have that drug related violence, blockbusting realtors/mortgage brokers and general losers. 

I got out of this death grip by working my way through college and hard work.  Only for it to be RUINED by POINTLESS UNNECESSARY CORRUPTION SHOVED DOWN OUR THROATS AND FORCED ON US BY THIS STUPID BOOMER SPONSORED AND ELECTED GOVERNMENT. 

I did NOTHING to them.

There is absolutely NOTHING in this world beautiful enough to justify the horror that I was put through by force and excessive deceit.

EDITED o9/28/2014
The Air Force developed the internet.
The Air Force is PR GINORMOUS waste of money that manipulates public sentiment through the internet as Sock Puppet trolls.

According to an embedded MS Word document found in one of the HBGary emails, it involvescreating an army of sockpuppets, with sophisticated "persona management" software that allows a small team of only a few people to appear to be many, while keeping the personas from accidentally cross-contaminating each other. Then, to top it off, the team can actually automate some functions so one persona can appear to be an entire Brooks Brothers riot online.
And all of this is for the purposes of infiltration, data mining, and (here's the one that really worries me) ganging up on bloggers, commenters  and otherwise "real" people to smear enemies and distort the truth.
This is an excerpt from one of the Word Documents, which was sent as an attachment by Aaron Barr, CEO of HBGary's Federal subsidiary, to several of his colleagues to present to clients:
How many times have you seen a diary get posted that reports some revelatory yet unfavorable tidbit about someone only to see a swarm of commenters arrive who hijack the thread, distract with a bunch of irrelevant nonsense, start throwing unsubstantiated accusations and ad hominem attacks to where before you know it, everyone's pretty much forgotten what the diary said in the first place.
Some times diaries deserve to be swarmed. But what if a diary is swarmed and it's really just one asshole working for a law firm that represents the oil company your diary was attacking?
I don't know about you, but it matters to me what fellow progressives think. I consider all views. And if there appears to be a consensus that some reporter isn't credible, for example, or some candidate for congress in another state can't be trusted, I won't base my entire judgment on it, but it carries some weight.
That's me. I believe there are many people though who will base their judgment on rumors and mob attacks. And for those people, a fake mob can be really effective.
I have no idea what to do about this problem, except just make sure everyone knows its possible, and so watches out for it.
Persona management entails not just the deconfliction of persona artifacts such as names, email addresses, landing pages, and associated content.  It also requires providing the human actors technology that takes the decision process out of the loop when using a specific persona.  For this purpose we custom developed either virtual machines or thumb drives for each persona.  This allowed the human actor to open a virtual machine or thumb drive with an associated persona and have all the appropriate email accounts, associations, web pages, social media accounts, etc. pre-established and configured with visual cues to remind the actor which persona he/she is using so as not to accidentally cross-contaminate personas during use.
To build this capability we will create a set of personas on twitter,‭ ‬blogs,‭ ‬forums,‭ ‬buzz,‭ ‬and myspace under created names that fit the profile‭ (‬satellitejockey,‭ ‬hack3rman,‭ ‬etc‭)‬.‭  ‬These accounts are maintained and updated automatically through RSS feeds,‭ ‬retweets,‭ ‬and linking together social media commenting between platforms.‭  ‬With a pool of these accounts to choose from,‭ ‬once you have a real name persona you create a Facebook and LinkedIn account using the given name,‭ ‬lock those accounts down and link these accounts to a selected‭ ‬#‭ ‬of previously created social media accounts,‭ ‬automatically pre-aging the real accounts.Really? I thought. How do we know if those are real people? Twitter has to be the easiest thing to fake and to automate with retweets and 180 character max sentences. To the extent that the propaganda technique known as "Bandwagon" is an effective form of persuasion, which it definitely is, the ability for a few people to infiltrate a blog or social media site and appear to be many people, all taking one position in a debate, all agreeing, for example, that so and so is not credible, or a crook, is an incredibly powerful weapon.

So we have the money to do this with?  During stagflation?  Yup, history will NOT be kind to the baby boomer voting majority.  

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