Showing posts with label manipulation. Show all posts
Showing posts with label manipulation. Show all posts

Sunday, April 7, 2013

Les Leopold — Making a Million Bucks an Hour: How Hedge Funds Get Away With Siphoning Off America's Wealth

The following is an excerpt from Les Leopold's new book, How to Make a Million Dollars an Hour: Why Hedge Funds Get Away with Siphoning Off America's Wealth (Wiley Books, 2013)
What Bill Black has done for banking, Les Leopold does for hedge funds, showing how they create a criminogenic environment. This is a fascinating account of Jim Cramer's confessional and its implications.

And it makes one think what happens when crossing banks with hedge funds is permitted.

Good read.

AlterNet
Making a Million Bucks an Hour: How Hedge Funds Get Away With Siphoning Off America's Wealth
Les Leopold

Thursday, July 19, 2012

The Original Liar's Loan


Who had proper title to Eden? :)

Clouded TitleThe history of religious crusades and ethnic cleansing of indigenous peoples by invaders claiming the right to appropriate other peoples property based on Papal dispensations, biblical manipulations, or ancient religious connections to other peoples territories.

That's a fascinating topic, with deep implications.

Law of the Jungle <==> Law of Bungled Title? <==> Law of Semantics?

Before getting lost in the maze of implications, let's jump straight to the conclusion.

The only higher law is the Law of Recombination, given that the highest return is always the return on coordination. Anyone settling for ownership & theft is settling for far, far less than they could be part of.  Ben Franklin recognized this, in his famous "table talk" to the 1st Constitutional Congress.

We should stick with our original rallying cry. "We came, we saw, we made a more perfect union."  That focus on coordination is what produced the greatest wealth in human history.  Anything less is embarrassingly stupid. Progress always follows Open Recruitment and careful selection of optimal recombinations.
ps:  Multiple CopyWrong lawsuits are in process in the Court of Reality, claiming that Eden was a plagiarized idea.  Is nothing really sacred among crooks?


Monday, March 5, 2012

Chris Cook: The Ghost of Enron Past Explains Oil Market Manipulation


I outlined in a recent post my view that the oil market price has been inflated twice by passive (inflation hedgers) investors, albeit with short term speculative spikes from active (speculators) investors: once from 2005 to June 2008; and again from early 2009 to date. In attempting to ‘hedge inflation’ passive investors perversely ended up actually causing it, and allowed oil producers to manipulate and support the oil market price with fund money to the detriment of oil consumers.

But there has always been a missing link – precisely how has this manipulation been achieved?
Read it at Naked Capitalism
Chris Cook: The Ghost of Enron Past Explains Oil Market Manipulation
By Chris Cook | former compliance and market supervision director of the International Petroleum Exchange