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Montrose - Bad Motor Scooter (RIP Ronnie Montrose)

Andrew Breitbart is Dead - Cenk on Breitbart's Legacy

Someone Say Something Controversial, We're SO Overdue (History Talk Post)

Someone Say Something Controversial, We're SO Overdue (History Talk Post)

Someone Say Something Controversial, We're SO Overdue (History Talk Post)

Someone Say Something Controversial, We're SO Overdue (History Talk Post)

Someone Say Something Controversial, We're SO Overdue (History Talk Post)

Someone Say Something Controversial, We're SO Overdue (History Talk Post)

Ron Paul Movie Trailer

Bummer. (Blog Entry by silvercord)

Riot Granny

bcglorf says...

>> ^rougy:

@bcglorf,
You're right that it has to be looked at more closely. If you find anything concrete, please feel free to share the link with me if you feel like it.
Regarding the "social spending" angle, I'm curious to know how much of that had to do with investing in some of the more trashy gizmos that Goldman et al had to offer.
We know that here in the states, a number of pension funds took a major hit when Wall Street tanked. They had invested heavily in the CDO scam (AAA rated). Wall Street was bailed out, they weren't.
I'm curious to know how much of Greece's damage was caused by similar investments.
I'm betting it was substantial.

P.S. - G.S. has been behind a lot of really dirty financial shit and they always seem to get away with it. A number of municipalities in the USA have suffered gravely thanks to G.S. They were basically looted. Matt Taibi wrote a great article about it in Rolling Stone, but I can't find the link just now. Worth a read if you feel like Googling for it.
This is worth a read, but I don't think it's the same article I was thinking of.


No love of GS here .

I find the worst part of it though is the bailing out of massive corps like them, while their CEO's and top dogs pocket billions in profits while the companies were taking the massive risks that led to the companies collapse. In my opinion it's criminal to not demand that the ridiculous profits made taking the risks aren't the funds being used to payoff the debts from those very same risks turning out poorly later on.

For the record, in America a very big part of the wealth that was lost wasn't just pocketed by the ultra-wealthy. There were also all the middle class chaps refinancing homes they couldn't afford every two years and pocketing $30k-$60k a year for doing nothing but holding onto a home for two years. Some of those folks put that money away and came out fine. Most however bought RV's, electronics, multiple vehicles to fill their three car garages, and any other toys they wanted. After all, they were earning $30k a year for doing virtually nothing and had the money to burn. Of course after they had burnt that money, their backs were up against the wall when they bought that last fateful home before the market dropped out and found themselves with a $750k mortgage for home now worth $200k and payments they could only make in a world were they sold their home next year for $900k. Again, not everyone was doing this, but the numbers were very high. Over the 15 or so years this madness was going on, the guys really milking it had burnt through almost a half million dollars each buying stuff they really didn't need and with a method that had left them indebted for that same half mill with no way to pay it off. With 10s of thousands of people all having run after this, the value of the bad decisions of even the middle class was utterly massive. It wasn't only Goldman Sachs laughing all the way to the bank with free money, they were just doing it at a bigger scale, taking their 10% cut off the excess of thousands of similarly greedy middle class folk.

Riot Granny

rougy says...

@bcglorf,

You're right that it has to be looked at more closely. If you find anything concrete, please feel free to share the link with me if you feel like it.

Regarding the "social spending" angle, I'm curious to know how much of that had to do with investing in some of the more trashy gizmos that Goldman et al had to offer.

We know that here in the states, a number of pension funds took a major hit when Wall Street tanked. They had invested heavily in the CDO scam (AAA rated). Wall Street was bailed out, they weren't.

I'm curious to know how much of Greece's damage was caused by similar investments.

I'm betting it was substantial.



P.S. - G.S. has been behind a lot of really dirty financial shit and they always seem to get away with it. A number of municipalities in the USA have suffered gravely thanks to G.S. They were basically looted. Matt Taibi wrote a great article about it in Rolling Stone, but I can't find the link just now. Worth a read if you feel like Googling for it.

This is worth a read, but I don't think it's the same article I was thinking of.

radx (Member Profile)

The Rolling Stones- Paint it Black

The Rolling Stones- Paint it Black

Sagemind says...

I saw that one, which says something about a "Dropped ending" - this one is complete so I think it's a different one.
That one also says "Rocking out on Ready Steady Go! in the UK in the mid 60's" - This one is from the Jim Dale Showwhich ran 1953 - 67ish

This one is listed as the "official music video"

>> ^Boise_Lib:

Great video!
Possibly a dupe of this dead one.
http://videosift.com/video/Rolling-Stones-Paint-it-Black-vintage
-and-very-live



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