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Comment Re:Huh? This was illegal behavior. (Score 2) 91

I don't understand your comment. This wasn't something like the subprime market where bankers were taking advantage of loopholes opened up by deregulation.

The deregulation opened up the banking *environment* to abuses much like the election of Trump has encouraged every hitler-wannabe to Roman-salute in public.

Create the envelope to work in and someone is always going to color outside the lines, but not too far. Make the envelope larger, and you get a Jackson Pollock instead of a Mondrian. (not to say that Pollock sucks....) because the freedom of too little regulation means that certain things are assumed - in this case the people actually creating the accounts were just following orders instead of being criminals (they thought). If "I was following orders" wasn't a good defense (and it seems to be a good defense so far), then why say "no" to your boss who wants to color outside the lines?

>This was clearly illegal behavior, from several different angles.

I know, but see, I lived through some of this stuff up close and personal (I was involved in the RE market in RI as a land surveying technician and thus got an up-close look at this stuff - the 2007-2008 debacle was just bigger - the motivations were the same). If you thought, for certain, you were going to jail if you committed fraud, most people wouldn't. But this was a huge scale at WF, and I am /sure/ the underlings doing the book-cooking didn't think they were doing "too fraudulent."

> The CEO is using flowery language because he has too, there is on going litigation and if he comes out and says "our ass hat employees broke the law because we setup a framework that pretty much drove them to do it" then he's violating his obligation to Wells Fargo's investors are they are going to turn around and sue him for devaluing the company (forgot the legal term for it).

Fiduciary Responsibility.

The CEO is supposed to be an employee, also. Even though far too many act as sole owners. (they only are if they own >50 percent of total stock).

Why the CEO is not behind bars is fucking telling, because I'm fucking /sure/ there would be evidence if someone attempted discovery. But nobody at the Justice Department is interested in discovery, because discovery is hard - it involves work.

> Chances are they'll be doing that anyway if Wells Fargo loses any of the pending cases.

Breaching fiduciary responsibility is hard to prove. If it was easy, Carly Fiorina would be a pauper.

>Tighter regulations might have led to this being caught sooner (though I don't see how) but they wouldn't have prevented it... they were breaking the law from the outset.

Tighter regulations and actual enforcement would have created an environment where people wouldn't break the envelope.

Various "free marketers" use the trope of "regulation wouldn't have stopped this anyway" as an argument against all regulation and support of lessaiz faire principles. Which is bullshit because between the Depression and the 80s, there weren't any large scale banking crises. Since the deregulation madness in the 80s, we have had the S&L crisis, RISDIC, (and possibly others I don't know of), the Dot Boom Dot Bust (because investment bankers bought into any company that had a name - fuck fundamentals) and the 2007-2008 mess.

Gordon Gekko was supposed to be a villain.

--
BMO

Comment Re:But regulations are evil. (Score 2) 91

>The sick thing is whoever is chosen to fall on their sword this time will get a mighty fine bonus.

The head of RISDIC walked free while various people with less political pull went to jail. (shit floats).

The fact that /nobody/ went to jail or is going to go to jail over the 2007-2008 nonsense tells me that you're right.

I have more respect for hookers, porn stars, strippers, etc., than anyone in the banking industry, as a result. Bankers and investment bankers (these days, they are one and the same, legally) are somewhere on the level of child molesters - except they screw *everyone* all at once.

--
BMO

Comment Re:Pay your fucking taxes instead (Score 1) 179

>almost always are perennial whiners who have no interest in playing the game correctly

The rich have no interest in playing the game correctly *either* but they get a pass while the rest of us have people like you bitching at us for wanting to the rich to play by the rules *also*

Because at heart, you are just another celebrity worshiper and "temporarily embarrassed millionaire."

>students threatening to lawyer up fastest

Who the fuck do you think are the ones who do that /first/?

It's not the middle-class or working-class family based student. They can't /afford/ to waste money on a lawyer, or the time.

How about you have a nice big cup o' STFU?

--
BMO

Comment Re:About time (Score 4, Insightful) 108

No, you twit, his point was that if they're going to censor non-US "fake news sites" they should censor US fake-news *also.*

But that's not going to happen, because "Official News" is what the US government wants you to believe and nothing else. There is no independent mainstream media anymore. The ones with "access" to the WH and elsewhere in DC are the ones that act as stenographers for the official party line (the party being that of the moneyed), truth be damned.

Just because other countries do it doesn't mean it's right for us to do it. And just because other countries do it, doesn't mean we /don't'/ as I will illustrate further down below.

If you defend the "purity" of the US, then you've bought into the biggest pile of bullshit going.

I wrote this the week following Easter:

---begin paste ---

I watched a Sunday news program this Easter with The Nan (Marirose's mom). The harebrained manufacture of consent and propaganda being spewed from the Tee Vee astounded me in its transparency. I just /couldn't/ accept what they were selling because it felt like I was in a time warp being sold the same bill of goods about Saddam. And it was about going to war with /both/ Syria and North Korea.

I couldn't tell you which one it was, because I never saw the intro and my Sunday viewing habits are... scarce.

All the way from Vietnam to the present day...

"Every time we've gone to war in my lifetime, the government has lied to us" - Jimmy Dore

Jimmy Dore is my age. He's absolutely correct.

From the Gulf of Tonkin to today, it's been a lie /every time/. Without fail, it's been a lie.

Every
Single
Time

For my 51 years on this spinning speck of dirt in the universe, these lies have caused millions to needlessly suffer and die either directly in the case of Vietnam, Iraq, Afghanistan, etc., (this includes the war on some drugs in Columbia and elsewhere and covert wars such as in Central America) or indirectly in the case of Cambodia and others. And absolutely nobody in the US, who has any power at all, has any negative repercussions on them for starting a war with a lie. Indeed, such people rise to the top and wear epaulets with stars on them and shiny suits or at least show up on TV as a sage and get paid to offer pro-war opinion.

The entire history of the US from the end of WWII to today is the history of manufactured consent for war through the media. Had Herr Goebbels lived to see it instead of taking cyanide, he would have been proud.

"Now you can join the ranks of the illustrious
In history's great dark hall of fame
All our greatest killers were industrious
At least the ones that we all know by name

But you can reach the top of your profession
If you become the leader of the land
For murder is the sport of the elected
And you don't need to lift a finger of your hand"

-- The Police "Murder by Numbers"

When I leave this vale of tears or shuffle off this mortal coil, the number of middle fingers I will have to give will be counted in /sagans/.

Fuck you, you fucking fucks.

---end paste---

I was corrected later that the use of media to manufacture consent for war in the US was /at least/ as old as the Spanish American War.

--
BMO

Comment Re:Why Fox? (Score 1) 566

> despite having one of the most expensive health care systems.

Not "one of" but "the" most expensive healthcare system by 100% increase from the next most expensive. Canada's.

But in Canada, if you want to start a business, you don't have to wonder if you're going to die in the process of not having healthcare at the beginning.

--
BMO

Comment Re: Common (Score 1) 46

This is what gets me

Unless your ratio is >=1, the amount of "true share" of a movie, song, or software is ZERO if you want to account for "damages" - because you have not given out a "functional" copy. You have given out garbage.

Whether someone else is able to get the other pieces and stick it to your garbage to make it functional is irrelevant. You, personally, have not passed along a functional copy.

This "making available" bullshit is just that - bullshit. If I open my entire media directory to the internet, and nobody downloads from me, I still haven't damaged the precious profits of the publishers.

The only math worse than Republican, DEA, and Cop math is Hollywood math.

--
BMO

Comment Obligatory Clarke - Lab Grown Meat. (Score 5, Interesting) 126

Food of the Gods. (Arthur c Clarke)

Itâ(TM)s only fair to warn you, Mr. Chairman, that much of my evidence will be highly nauseating; it involves aspects of human nature that are very seldom discussed in public, and certainly not before a congressional committee. But I am afraid that they have to be faced,; there are times when the veil of hypocrisy has to be ripped away, and this is one them.
You and I, gentlemen, have descended from a long line of carnivores. I see from you expressions that most of you donâ(TM)t recognize the term. Well, thatâ(TM)s not surprising-it comes from a language that has been obsolete for two thousand years. Perhaps I had better avoid euphemisms and be brutally frank, even if I have to use words that are never heard in polite society. I apologize in advance to anyone I may offend.

Until a few centuries ago, the favorite food of almost all men was meat-the flesh of once living animals. Iâ(TM)m not trying to turn your stomachs; this is a simple statement of fact, which you can check in any history bookâ¦

Why, certainly, Mr. Chairman, Iâ(TM)m quite prepared to wait until Senator Irving feels better. We professionals sometimes forget how laymen may react to statements like that. At the same time, I must warn the committee that there is very much worse to come. If any of you gentlemen are at all squeamish, I suggest you follow the senator before itâ(TM)s to lateâ¦
Well, if I may continue. Until modern times, all food fell into two categories. Most of it was produced from plants-cereals, fruits, plankton, algae and other forms of vegetation. Itâ(TM)s hard for us to realize that the vast majority of our ancestors were farmers, winning food from the land or sea by primitive and often back breaking techniques; but that is the truth.
The second type of food, if I may return to this unpleasant subject, was meat, produced from a relatively small number of animals. You may be familiar with some of them-cows, pigs, sheep, whales. Most people-I am sorry to stress this, but the fact is beyond dispute-preferred meat to any other food, though only the wealthiest were able to indulge this appetite. To most of mankind, meat was a rare and occasional delicacy in a diet that was more than ninety-percent vegetable.

If we look at the matter calmly and dispassionately-as I hope Senator Irving is now in a position to do-we can see that meat was bound to be rare and expensive, for its production is an extremely inefficient process. To make a kilo of meat, the animal concerned had to eat at least ten kiloâ(TM)s of vegetable food â"very often food that could have been consumed directly by human beings. Quite apart from any consideration of aesthetics, this state of affairs could not be tolerated after the population explosion of the twentieth century. Every man who ate meat was condemning ten or more of his fellow humans to starvationâ¦

Luckily for all of us, the biochemists solved the problem; as you may know, the answer was one of the countless byproducts of space research. All food-Animal or vegetable-is built up from a very few common elements. Carbon, hydrogen, oxygen, nitrogen, traces of sulphur and phosphorus-the half-dozen elements, and a few others, combine in an almost infinite variety of ways to make up every food that man has ever eaten or will ever eat. Faced with the problem of colonizing the moon and planets, the biochemists of the twenty-first century discovered how to synthesize and desired food from the basic raw materials of water, air and rock. It was the greatest, and perhaps the most important, achievement in the history of science. But we should not feel too proud of it. The vegetable kingdom had beaten us by a billion years.

The chemists could now synthesize and conceivable food, whether it had counterparts in nature or not. Needles to say, there were mistakes-even disasters. Industrial empires rose and crashed; the switch from agriculture and animal husbandry to the giant automatic processing plants and omniverters of today was often a painful one. The danger of starvation has been banished forever, and we have a richness and variety of food that no other age has ever known.

In addition, of course, there was a moral gain. We no longer murdered millions of living creatures, and such revolting institutions as the slaughter house and the butcher shop have vanished from the face of the earth. It seems incredible to us that even our ancestors, coarse and brutal though they were, could ever have tolerated such obscenities.
And yet-it is impossible to make a clean break with the past. As I have already remarked, we are carnivores; we inherit tastes and appetites that have been acquired over a million years of time. Whether we like it or not, only a few years ago some of our great-grandparents were enjoying the flesh of cattle and sheep and pigs-when they could get it. And we still enjoy it todayâ¦

Oh dear, maybe Senator Irving has better stay outside from now on. Perhaps I should not have been quite so blunt. What I meant, of course, was that many of the synthetic foods we now eat have the same formula as the old natural products; some of them, indeed, are such exact replicas the no chemical or other test could reveal any difference. This situation is logical and inevitable; we manufactures simply took the most popular pre-synthetic foods as our models, and reproduced their taste and texture.

Of course, we also created new names that didnâ(TM)t hint of an anatomical or zoological origin, so that no one would be reminded of the facts of life. When you go into a restaurant, most of the words youâ(TM)ll find on the menu have been invented since the beginning of the twenty-first century, or else adapted from French originals that few people would recognize. If you ever want to find your threshold of tolerance, you can try an interesting but highly unpleasant experiment. The classified section of the Library of Congress has a large number of menus from famous restaurants-yes, and white house banquets-going back for five hundred years. They have a crude, dissecting-room frankness that makes them almost unreadable. I cannot think of anything that reveals more vividly the gulf between us and our ancestors only a few generations agoâ¦

Yes, Mr. Chairman-I am coming to the point; all this is highly relevant, however disagreeable it may be. I am not trying to spoil you appetites; I am merely laying the groundwork for the charge I wish to bring against my competitor, Tri-planetary Food Corporation. Unless you understand this background, you may think that this is a frivolous complaint inspired by the admittedly serious losses my firm has sustained since Ambrosia Plus has come onto the market.

New foods, gentlemen, are invented every week. It is hard to keep track of them. They come and go like womenâ(TM)s fashions, and only one in a thousand become a permanent addition to the menu. It is extremely rare for one to hit the public fancy overnight, and I freely admit that the Ambrosia Plus line of dishes has been the greatest success in the entire history of food manufacture. You all know the position; everything else has been swept of the market.

Naturally, we were forced to accept the challenge. The biochemists of my organization are as good as any in the solar system, and they promptly got to work on Ambrosia Plus. I am not giving away any trade secrets when I tell you that we have tapes of practically every food, natural or synthetic, that has ever been eaten by mankind-right back to exotic items that youâ(TM)ve never heard of, like fried squid, locusts in honey, peacockâ(TM)s tongues, Venusian polypodâ¦.Our enormous library of flavors and textures is our basic stock in trade, as it is with all firms in the business. From it we can select and mix items in any conceivable combination; and usually we can duplicate, without to much trouble, any product that our competitors put out.

But Ambrosia Plus had us baffled for quite some time. Its protein-fat breakdown classified it as straightforward meat. Without too many complications-yet we couldnâ(TM)t match it exactly. It was the first time my chemists had failed; not one them could explain just what gave the stuff its extraordinary appeal-which, as we all know, makes every other food seem insipid by comparison. As well it mightâ¦but I am getting ahead of myself.

Very shortly, Mr. Chairman, the president of Triplanetary Foods will be appearing before you-rather reluctantly, Iâ(TM)m sure. He will tell you that Ambrosia Plus is synthesized from air, water, limestone, sulphur, phosphorus, and the rest. That will be perfectly true, but it will be the least important part of the story. For we have now discovered his secret-which, like most secrets, is a very simple once you know it.

I really must congratulate my competitor. He has at last made available unlimited quantities of what is, from the nature of things, the ideal food for mankind. Until now, it has been in extreme short supply and therefore all the more relished by the few connoisseurs who could obtain it. Without exception, they have sworn that nothing else can remotely compare with it.

Yes, Triplanetaryâ(TM)s chemists have done a superb technical job. Now you have to resolve the moral and philosophical issues. When I begin my evidence, I used the archaic word âoecarnivore.â Now I must introduce you to another: Iâ(TM)ll spell it out for the first time: C-A-N-N-I-B-A-Lâ¦.

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