'The War Is Not Over'

'The War Is Not Over'

There are 276656 comments on the Los Angeles Times story from Sep 12, 2006, titled 'The War Is Not Over'. In it, Los Angeles Times reports that:

WASHINGTON - President Bush led the nation on Monday in marking the fifth anniversary of the Sept.

Join the discussion below, or Read more at Los Angeles Times.

“French Cocoa Party”

Since: Jan 08

Keynesian Fields

#282578 Aug 20, 2012
frank wrote:
<quoted text>
Okay I promise, what should I do with my ping Unicorn?
McRango can bend over and touch his toes with his new exercise program.

“French Cocoa Party”

Since: Jan 08

Keynesian Fields

#282579 Aug 20, 2012
rider wrote:
Let’s start with that silly 113% per year: Thats a more than doubling each year, and it would have turned $1.1 billion into $9 trillion over the same time period. So please ignore that absurd silliness. As Arends explains, it derives from the way Private Equity calculates internal rates of return. You can use it to compare private equity investments to each other, but not for anything else.
Arends calculates that
“Bain Capital, as we’ve seen, produced real dollar-on-dollar investment returns that were, at best guess, somewhere between 20% and 40% a year. If we figure the money was typically tied up for five to seven years, it was below 30%.
From 1984 through the end of 1998, the stock market overall produced gains of nearly 20% a year. If you had leveraged each dollar with $2 in debt at corporate interest rates, your returns would have ballooned to nearly 30% a year. If you’d been able to borrow $3 at corporate interest rates, you’d be up towards 35% a year. That’s how much money you could have made by issuing company bonds and then spending the money picking stocks out of the paper at random.
If they look pretty similar to the returns Bain Capital earned under Mitt Romney, maybe that’s not a complete coincidence.”
In other words, Bain produced all Beta, no Alpha. They used high leverage and took big risk for what was essentially market level rates of return. Any investor who listened to Vanguard’s John Bogle would have done about the same during 1984-1998 – just buy the S&P500 index, and hold it, reinvesting the dividends. The net returns would be ~20% per year — without giant fees or excessive risks necessary.
~~~
In my opinion, the whining (from the right!) about Bain’s outsourcing, layoffs, and the fortunes produced for insiders are misguided. That’s not why Bain should be criticized. Their fundamental flaw, at least according to the math, is that they took lots of risk, use immense leverage, and charged enormous fees, for performance that was more or less the same as indexing.
Said differently: Bain’s sins are the same sins most of Wall Street committed: Too high leverage, too much risk, excessive fees for too little performance.
Bain is worth criticizing not because they are so different, but rather, because they are pretty much just like the rest of Wall Street. And THAT’S nothing to brag about ...
Well, we could do without all the Democrats running Wall Street into the ground. Why do you love them so much?

“French Cocoa Party”

Since: Jan 08

Keynesian Fields

#282580 Aug 20, 2012
rider wrote:
<quoted text>Are you saying you are seeing Obama's transparency policy? Remember awhile back I said McCain could have picked Palin knowing his chances of winning the WH would be doomed, yet it would make transparent some of the powers of the 7M mandate agenda? Not the exact words I used, yet the jest of it was the same. Remember?????????? Transparency--- Transparency---Transparency--- Transparency--- Transparency--- Transparency--- Did Romney make same kind of choice for the same reason? Is Ryan on the transparency train? I am going to give you the oppertunity now to flat out say what you see happening after 2012 election. Time to quit playing coy, how many trillions of dollars will finally be found and recouped to balance the budget at last? How many big time shysters will be exposed and imprisoned between now and 2016? It is coming down Rags, only info in doubt are the exact names and numbers.
Hey, what happened to that transparent list of 5000 UBS investors who had to come clean with their Swiss bank accounts?

It was given to the attorney general and then it disappeared.

Must have included many, many members of Congress. Maybe someday, with an FOIA.

“French Cocoa Party”

Since: Jan 08

Keynesian Fields

#282581 Aug 20, 2012
rider wrote:
National GOP pulls funding from Todd Akin's Missouri race - The ...
8 hours ago ... Republicans rushed to distance themselves from Rep. Todd Akin's rape
comments on Monday, with several calling on the House member to ...
http://www.washingtonpost.com/politics/with-t... -
Off with his head. Now, what about Richard Fuld?

“French Cocoa Party”

Since: Jan 08

Keynesian Fields

#282582 Aug 20, 2012
Relevant transparency:

The results are based on the latest USA Today/Gallup Swing States poll, conducted Aug. 6-13 with a sample of 970 registered voters in Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Pennsylvania, Virginia, and Wisconsin.

The results are similar for all U.S. registered voters, among whom 42% say they are better off and 55% say they are not.

Presidential candidate Ronald Reagan famously asked Americans, in a 1980 presidential debate, if they were better off than four years ago. Shortly thereafter, he decisively defeated incumbent Jimmy Carter in the presidential election.

The question is relevant again in 2012 as Barack Obama seeks a second term as president with the economy still struggling to recover from the 2008-2009 recession. The fact that the majority of voters in the crucial states that will decide the election believe they are not better off is a challenge for the Obama campaign. That includes 50% of independent voters in the swing states, in addition to 36% of Democrats and 84% of Republicans saying they are not better off.

http://www.gallup.com/poll/156776/swing-state...
rider

Ishpeming, MI

#282583 Aug 20, 2012
Henry Clay Frick led a group of speculators including Benjamin Ruff to purchase the abandoned reservoir, modify it, and convert it into a private resort lake for the wealthy of Pittsburgh, many of whom were closely associated with Carnegie Steel. The changes included lowering the dam to make its top wide enough to hold a road, and putting a fish screen in the spillway (that also trapped debris). These alterations are thought to have increased the vulnerability of the dam. They built cottages and a clubhouse to create the South Fork Fishing and Hunting Club, an exclusive and secretive mountain retreat. Membership grew to include more than 50 wealthy Pittsburgh steel, coal, and railroad industrialists.[citation South Fork Fishing and Hunting Club - Wikipedia, the free ...
The South Fork Fishing and Hunting Club was a Pennsylvania corporation which
operated an exclusive and secretive retreat at a mountain lake near South Fork ...

http://en.wikipedia.org/wiki/South_Fork_Fishi... - 82k -
rider

Ishpeming, MI

#282584 Aug 20, 2012
arbitrageur wrote:
<quoted text>
Hey, what happened to that transparent list of 5000 UBS investors who had to come clean with their Swiss bank accounts?
It was given to the attorney general and then it disappeared.
Must have included many, many members of Congress. Maybe someday, with an FOIA.
Do you suggest AG turn it over to Issa before investigation is complete, than Issa can give notice to his rightwing cronies what to prepare for. It-s what you all want from fast and furious isn't it?#1 prosecutor in the land and he is suppose to open his books to a peon. I suppose Obama was suppose to e-mail bin laden the eve before the raid also. Something Bush probably would have done though.
rider

Ishpeming, MI

#282585 Aug 20, 2012
arbitrageur wrote:
<quoted text>
McRango can bend over and touch his toes with his new exercise program.
I was warned never bend over when ever you are around, it is like waving a red flag at El Toro!
rider

Ishpeming, MI

#282586 Aug 20, 2012
arbitrageur wrote:
<quoted text>
Hey, what happened to that transparent list of 5000 UBS investors who had to come clean with their Swiss bank accounts?
It was given to the attorney general and then it disappeared.
Must have included many, many members of Congress. Maybe someday, with an FOIA.
Whats your guess, recoup trillion and a half?
rider

Ishpeming, MI

#282587 Aug 20, 2012
arbitrageur wrote:
<quoted text>
Off with his head. Now, what about Richard Fuld?
Frank Olson him!
rider

Ishpeming, MI

#282588 Aug 20, 2012
arbitrageur wrote:
Relevant transparency:
The results are based on the latest USA Today/Gallup Swing States poll, conducted Aug. 6-13 with a sample of 970 registered voters in Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Pennsylvania, Virginia, and Wisconsin.
The results are similar for all U.S. registered voters, among whom 42% say they are better off and 55% say they are not.
Presidential candidate Ronald Reagan famously asked Americans, in a 1980 presidential debate, if they were better off than four years ago. Shortly thereafter, he decisively defeated incumbent Jimmy Carter in the presidential election.
The question is relevant again in 2012 as Barack Obama seeks a second term as president with the economy still struggling to recover from the 2008-2009 recession. The fact that the majority of voters in the crucial states that will decide the election believe they are not better off is a challenge for the Obama campaign. That includes 50% of independent voters in the swing states, in addition to 36% of Democrats and 84% of Republicans saying they are not better off.
http://www.gallup.com/poll/156776/swing-state...
Even at that Reagan needed an Oct suprise to pull it off, or was it Richard Marcinko and his loyalty to rightwingers that sewed up the election six months earlier when he sabotaged Eagleclaw plans?
rider

Ishpeming, MI

#282589 Aug 20, 2012
arbitrageur wrote:
<quoted text>
Off with his head. Now, what about Richard Fuld?
Dual citizen of Israel and U.S. Homeland Security Michael Chertoff, seeks to adopt airport standards from his other homeland, like biometric behavior detection technology, and implement them here in the US.

Never mind the fact that airport security from where all four planes were high jacked on 9/11 were Israeli-owned (ICTS International), and it's owner and operator, Menachem Atzmon, was convicted for money laundering for the Likud Party of Israel
rider

Ishpeming, MI

#282590 Aug 20, 2012
March 16, 2010

Dylan Ratigan of MSNBC explains how the Lehman scam worked. In this 10-minute video he explains the fraud at Richard S. Fuld's company and who was responsible. Eliot Spitzer calls for "handcuffs" and criminal prosecution of those who were in the responsible positions at the Fed, namely Timothy Geithner and Ben Shalom Bernanke. As I wrote more than a year ago, the A.I.G. and Lehman meltdowns were not accidental - they were carefully designed crimes. Richard S. Fuld and Maurice Greenberg of A.I.G. are criminals, as are the people at the Federal Reserve who allowed their criminal conduct and then bailed them out - with taxpayer funds. Will Geithner and Bernanke face criminal charges?

FULD'S MOSSAD CONNECTION

It should be noted that Richard S. Fuld is closely tied to Menachem Atzmon, the Israeli Mossadnik who owned the passenger-screening/airport security company that was behind getting the 19 Arab hijackers on the planes of 9-11. Uzi Ruskin, Menachem Atzmon, and his Mossad-funded comrades took over the failing United Merchants & Manufacturers, Inc. in 1993 - from Fuld's uncle, Martin Schwab, Richard's mother's brother.
rider

Ishpeming, MI

#282591 Aug 20, 2012
Lehman Bros. CEO Dick Fuld, the much despised scion of the "Elder of Zion" Jacob Schwab, stole half a billion dollars at the company he ruined. His grandfather's company, UM&M, was later sold to the Israeli criminal, Menachem Atzmon, culprit of 9-11 and co-criminal with Ehud Olmert. What a small world!

The CEOs behind the bail-out of A.I.G. and Lehman Bros. are both devoted Zionist fraudsters. Maurice Greenberg of A.I.G. is dealt with in the following article. Richard S. Fuld, the CEO of Lehman Bros. was paid nearly $500 million according to a recent article by Nicholas D. Kristof of the New York Times. Kristof wrote that Fuld, the longtime chief of Lehman Brothers, "took home nearly half-a-billion dollars in total compensation between 1993 and 2007." Talk about unbridled greed.

Fuld is the grandson of Jacob W. Schwab, one of the original Zionist fund-raisers of New York. The Schwab family has a long history of criminal activity, which the New York Times has documented. These two Zionist criminals should not be bailed out; they should be arrested! This is the essence of the Zionist crimocracy I have been discussing for years. They are going for the gold in the last act and we must stop them.
rider

Ishpeming, MI

#282592 Aug 20, 2012
George Herbert Walker IV - Wikipedia, the free encyclopedia
Formerly a Partner and Managing Director at Goldman Sachs, Walker was
recruited to rival investment bank, Lehman Brothers, to head its Investment ...

http://en.wikipedia.org/wiki/George_Herbert_W... - 35k -
On September 29, 2008, Lehman agreed to sell its asset management businesses, including Neuberger, to a pair of private-equity firms, Bain Capital Partners and Hellman & Friedman, for $2.15 billion. The transaction was expected to close in early 2009;[12] however, a competing bid was entered by the firm's management, who ultimately prevailed in a bankruptcy auction held on December 3, scuttling the deal with Bain and Hellman.[13] The firm spun itself off in May 2009, and as a part of the deal, Lehman Brothers' creditors retain a 49% common equity interest in the firm.[13] The new entity, including Neuberger, Lincoln Capital, and Crossroads, was named Neuberger Berman Group LLC.[14] Under employee control, Larry Zicklin rejoined the firm as a member of the Board of Directors.
rider

Ishpeming, MI

#282593 Aug 20, 2012
There's a certain irony here. Did you know that Lehman had incomparable Washington connections? Downright presidential connections, in fact (and even they couldn't save the firm). Now that Lehman's North American core has been acquired by Barclays Capital (BCS), they remain:

- Hank Paulson's younger brother, Dick Paulson, spent 18 years at Lehman. He's still in the Chicago office, now as a Barclays Capital SVP in fixed income.

- Ted Roosevelt IV, great-grandson of President Theodore, is a managing director in investment banking at Barclays Capital. He held the same position at Lehman, having started at the firm 36 years ago and rising to head its financial products and derivatives units during the '90s. Most recently he oversaw Lehman's Council on Climate Change.

- Ted Roosevelt V - a chip off environmental Ted IV and great-great-grandson of President Teddy - is also a Lehman alum and now an SVP in fixed income at Barclays Capital. He got married two days before Lehman collapsed into Chapter 11 bankruptcy.

- George Herbert Walker IV, President Bush's second cousin, was global head of asset management at Lehman, having joined from Goldman Sachs (GS) in 2006. In September, when Lehman agreed to sell its asset management unit, including Neuberger Berman, to Bain Capital and Hellman & Friedman for $2.15 billion, Walker agreed to go with the deal. He's now CEO of Neuberger Investment Management, now owned by private equity.

- Jeb Bush, the President's brother and former Governor of Florida, was a senior adviser for Lehman's private equity arm. He parted ways with Lehman around the time of the bankruptcy.

Meanwhile, another former Lehman exec who is less well-known but was the fascinating subject of my 2007 Fortune profile, "The Spy Goes to Wall Street," has left Barclays. Jami Miscik, who was global head of sovereign risk at Lehman and then at Barclays, is in Washington now, helping Barack Obama line up his new national intelligence team. Having headed the CIA's intelligence directorate pre-Lehman, she could land back in government. The smarter bet is, though, that Miscik will resurface in New York to help a financial-services firm navigate geopolitical risk worldwide. For all of Lehman's missteps, the firm managed geopolitical risk better than many others, and much of the credit for that goes to Miscik.

And whatever happened to CEO Dick Fuld? Almost every day, I'm told, he is in his 45th floor office in the Time & Life Building (the same building that houses Fortune). Fuld is working on the disposal of Lehman's remaining assets - which, in this awful market, is some kind of penance for bringing down the house of Lehman.
rider

Ishpeming, MI

#282594 Aug 20, 2012
Brent Scowcroft, KBE (born March 19, 1925) was the United States National Security Advisor under Presidents Gerald Ford and George H. W. Bush and a Lieutenant General in the United States Air Force. He also served as Military Assistant to President Richard Nixon and as Deputy Assistant to the President for National Security Affairs in the Nixon and Ford administrations. He served as Chairman of the President's Foreign Intelligence Advisory Board under President George W. Bush from 2001 to 2005 and assisted President Barack Obama in choosing his national security team---- Kissinger Associates, Inc., founded in 1982, is a New York City-based international consulting firm, founded and run by Henry Kissinger, and Brent Scowcroft. The firm assists its clients in identifying strategic partners and investment opportunities, and advises clients on government relations throughout the world. It is known for its secrecy; little is known of its specific activities----------Associated organizations and individualsKissinger Associates has had strategic alliances with several firms, including:

APCO Worldwide, formed October 12, 2004 [4]
The Blackstone Group,[5] an investment and advisory firm
Hakluyt & Company,[6] a strategic intelligence and advisory firm
Covington & Burling, the international law firm, since 2003.[7]
Prominent staff have included:

L. Paul Bremer, former managing director. Former Iraq Director of Reconstruction.
Nelson Cunningham, political advisor and managing partner at Kissinger McLarty
Lawrence Eagleburger, former United States Secretary of State[8]
Richard W. Fisher - President, Federal Reserve Bank of Dallas [1]
Timothy F. Geithner - United States Secretary of Treasury
Jami Miscik - president and vice chairman. Deputy Director for Intelligence, Central Intelligence Agency.
Joshua Cooper Ramo - Managing Director, former senior editor of Time Magazine
Bill Richardson, former Senior managing director. Former U.S diplomat and immediate past Governor of New Mexico.
J. Stapleton Roy, vice-chairman. Senior U.S. diplomat.
Brent Scowcroft, former vice-chairman. Former United States National Security Advisor.
Judith A. "Jami" Miscik rose from the analytic ranks of the Central Intelligence Agency to become Deputy Director for Intelligence, the Agency's seniormost analytic post. In 2005 she left CIA to become Global Head of Sovereign Risk for the now-bankrupt financial services firm Lehman Brothers. Miscik is currently Vice-Chairman of Kissinger Associates, Inc. in New York. On December 24, 2009, Ms. Miscik was appointed to President Obama's Intelligence Advisory Board.[1]

From 1995 to 1996 she was seconded to the National Security Council as Director for Intelligence Programs, where she had oversight responsibility for covert action programs and special reconnaissance missions. From 1996 to 1997 she was Executive Assistant to George Tenet, who in July 1997 was sworn in as Director after having served two years as Deputy Director=owing the collapse of Lehman Brothers in September, 2008, she remained briefly with Barclays,
rider

Ishpeming, MI

#282595 Aug 20, 2012
Currently, Bush is the President of the consulting firm Jeb Bush and Associates and a Senior Advisor to Barclays Capital. He is on the boards of Tenet Healthcare Corporation, Angelica Corporation, Rayonier, Inc, Empower Corporation and CorMatrix Cardiovascular, Inc. In civic and charitable affairs, Bush is the Founder and Chairman of the Foundation for Excellence in Education, the Foundation of Florida’s Future, Honorary Chairman of Volunteer USA, serves on the National Civic Leaders Advisory Board of America’s Promise Alliance, the George H.W. Bush Presidential Library and the George W. Bush Institute Board. He and his wife Columba live in Miami and have three grown children. Bush is the son of President George H.W. Bush and Barbara Bush.
...
rider

Ishpeming, MI

#282596 Aug 20, 2012
Barclays traces its origins back to 1690 when John Freame and Thomas Gould started trading as goldsmith bankers in Lombard Street, London. The name "Barclays" became associated with the business in 1736, when James Barclay, the son-in-law of John Freame, one of the founders, became a partner in the business.[6] In 1728 the bank moved to 54 Lombard Street, identified by the 'Sign of the Black Spread Eagle', which in subsequent years would become a core part of the bank's visual identity.[7]

Barclays - Wikipedia, the free encyclopedia
Barclays PLC (LSE: BARC, NYSE: BCS) is a British multinational banking and
financial services company headquartered in London, United Kingdom.

http://en.wikipedia.org/wiki/Barclays - 287k -
Eagle (heraldry)- Wikipedia, the free encyclopedia
The eagle is used in heraldry as a charge, as a supporter, and as a crest. Parts of
the eagle's body such as its head, wings or leg are also used as a charge or ...

http://en.wikipedia.org/wiki/Eagle_ (heraldry)- 96k - Cached - Similar Pages
Double-headed eagle - Wikipedia, the free encyclopedia
The double-headed eagle is a common symbol in heraldry and vexillology. It is
most commonly associated with the Byzantine Empire, the Holy Roman Empire ...

http://en.wikipedia.org/wiki/Double-headed_ea... - 94k -
rider

Ishpeming, MI

#282597 Aug 20, 2012
The Eagle and Barclays Bank - British Banking History Society
The spread eagle emblem has featured prominently throughout the history of
Barclays. In the late seventeenth century a goldsmith-banker called John Freame ...

http://www.banking-history.co.uk/barclayseagl... - 10k -

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