The Banksters Accomplice

[Glenn Black]

http://www.debtdeflation.com/blogs/ Osinskis-manhattan-project

Without Mr. Orsinski's theory and software, CDO's, CMO's, CDS' and all the other funny money devices invented by the banksters couldn't be traded at lightning speed, would not have reached a $55 trillion critical mass of dung, would not have forced the current collapse of the housing bubble, wouldn't have created the housing bubble so big & so fast in the first place.

So what does Orsinki say about this:

“Working with another programmer, I wrote a new mortgage-backed system that enabled investors to choose the specific combinations of yield and risk that they wanted by slicing and dicing bonds to create new bonds. It was endlessly versatile and flexible. It was the proverbial money tree…”

but...

"It hurts when people say I caused this mess. I was and am quite proud of the work I did. My software was a delicate, intricate web of logic. They don’t understand, I tell myself. Perhaps it was too complicated. But we live in a world largely of our own device. How to adjust and control these complexities, without stifling innovation, is the problem.

When will they learn?

Steve Keen's Blog is a good read, recommended

[phirang]

Re: The Banksters Accomplice

see the bill moyers interview recently put up on the pbs website.

OBAMA is the BIGGEST accomplice yet, aside from Geithner, of course.

Nice job, EJ, falling for Obama's snakeoil! Now, when will you repudiate him and his administration, or are you still angling for a job with Cosanostra?

I guess there's some scraps of silver left by the banksters that they may vouchsafe you.

[ThePythonicCow]

Re: The Banksters Accomplice

Nice job, EJ, falling for Obama's snakeoil! Now, when will you repudiate him ...

Maybe we should pose that question in the "Ask EJ" forum ?.

[GRG55]

Re: The Banksters Accomplice

see the bill moyers interview recently put up on the pbs website.

OBAMA is the BIGGEST accomplice yet, aside from Geithner, of course.

Nice job, EJ, falling for Obama's snakeoil! Now, when will you repudiate him and his administration, or are you still angling for a job with Cosanostra?

I guess there's some scraps of silver left by the banksters that they may vouchsafe you.

Pretty difficult to see how someone in office for less than 3 months could possibly be "the BIGGEST accomplice yet".

Nevertheless, I'd say you are a bit behind in your reading.

Have a look here. Pay particular attention to the last paragraph. It was written barely a month into the new Admininstration's term. Recommending a large increase in ones gold allocation is hardly a vote of confidence in the new President and his accomplices...

[metalman]

Re: The Banksters Accomplice

see the bill moyers interview recently put up on the pbs website.

OBAMA is the BIGGEST accomplice yet, aside from Geithner, of course.

Nice job, EJ, falling for Obama's snakeoil! Now, when will you repudiate him and his administration, or are you still angling for a job with Cosanostra?

I guess there's some scraps of silver left by the banksters that they may vouchsafe you.

why does itulip allow you to troll here month after money? why don't you go back to tickerforum and hang with your mean spirited buddies there?