Goodness, me...thank god for our own corporatist government, they'll save us! What a wonder it is to live in the greatest country on God's green earth, where we enjoy free and unfettered markets, unless they go in the wrong direction of where the oligarchy have placed their bets....
If you know you know what you're talking about, and you've been posting on this thread, raise your hands!
Quote:
http://globaleconomicanalysis.blogsp...s-utterly.html
Thursday, March 06, 2008
Financial System Broken - Markets 'Utterly Unhinged'
Bloomberg <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aWh0AFtXC9rk&refer=home">is reporting Mortgage Markets 'Utterly Unhinged'</a>
...."Everything is telling you the financial system is broken," Simon, whose Newport Beach, California-based unit of Allianz SE manages the world's largest bond fund, said in a telephone interview today. "Everybody's in de-levering mode."
The widening spreads prompted speculation <h3>the government may step in to support securities</h3> guaranteed by Fannie Mae and Freddie Mac, said Tom di Galoma, head of U.S. Treasury trading in New York at Jefferies & Co., a brokerage for institutional investors. The Treasury Department said the rumor isn't true.
"The Fed can't really save the mortgage market," di Galoma said. "As they keep cutting, mortgage rates aren't going lower."...
|
Stocks and residential properties have unlimited price increase potential, but the government is expected (forced ?) to intrude to limit the downside...and the excesses are never removed, and the "managed" economic system is not what you KNOW it is.....so WTF is it?
....a new police state update:
Quote:
http://www.washingtonpost.com/wp-dyn...030503656.html
National Dragnet Is a Click Away
Authorities to Gain Fast and Expansive Access to Records
By Robert O'Harrow Jr. and Ellen Nakashima
Washington Post Staff Writers
Thursday, March 6, 2008; Page A01
.....Intelligence-Led Policing
The expanding police systems illustrate the prominent roles that private companies play in homeland security and counterterrorism efforts. They also underscore how the use of new data -- and data surveillance -- technology to fight crime and terrorism is evolving faster than the public's understanding or the laws intended to check government power and protect civil liberties, authorities said.
Three decades ago, Congress imposed limits on domestic intelligence activity after revelations that the FBI, Army, local police and others had misused their authority for years to build troves of personal dossiers and monitor political activists and other law-abiding Americans.
Since those reforms, police and federal authorities have observed a wall between law enforcement information-gathering, relating to crimes and prosecutions, and more open-ended intelligence that relates to national security and counterterrorism. That wall is fast eroding following the passage of laws expanding surveillance authorities, the push for information-sharing networks, and the expectation that local and state police will play larger roles as national security sentinels......
.......Same Data, New Results
Authorities are aware that all of this is unsettling to people worried about privacy and civil liberties. Mark D. Rasch, a former federal prosecutor who is now a security consultant for FTI Consulting, said that the mining of police information by intelligence agencies could lead to improper targeting of U.S. citizens even when they've done nothing wrong.
Some officials avoid using the term intelligence because of those sensitivities. Others are open about their aim to use information and technology in new ways......
.....Miranda, the Tucson police chief, said there's no overstating the utility of Coplink for his force. But he too acknowledges that such power raises new questions about how to keep it in check and ensure that the trust people place in law enforcement is not misplaced.
"I don't want the people in my community to feel we're behind every little tree and surveilling them," he said. "If there's any kind of inkling that we're misusing our power and our technology, that trust will be destroyed." ......
|
Chief Miranda, the info in my preceding post makes it clear that "the trust" is already destroyed, and by the president and FBI.
Nothing in the above article addresses a means for individuals to attempt to remove inaccurate information about themselves from the data banks.
Most of you won't see a grave problem with the emerging neo-fascist, corporatist police state we're already living in, until you are too afraid of your government to post your concerns on a public forum like this.