Saturday, April 23, 2011

Comment on Lynn Chu, Facebook:
Bear Stearns,...were operating by one measure at 40 to 1 capital ratios...

Bear Stearns,...

Here is one Google Book Settlement related example of meretricious garbage taking the guise of Google consulting work posing as "scholarship": Greg Sidak and Jerry Hausman, Google and the Proper Antitrust Scrutiny of Orphan Books, 5 Journal of Competition Law & Economics 411 (2009, available as a download at www.criterioneconomics.com/publications.html, a paper which was distributed widely which tended to give the media and other economists and lawyers the impression that "sophisticated" "experts" thought the Google Book Settlement was a work of beauty and "innovation." I suspect that it was written in such gruesomely unreadable wooden academicized prose precisely and intentionally to deflect attention to its actual content, its utter and total lying meretricious charlatanism, rigged up to give a paying client what it wanted to hear. For consultants to do such "work" is a species of fraud imho. They know no one can definitively prove they spewed it out intentionally, just to cop some fees
They gambled big. They must lose big.
When we take back the government after 2012 we must extirpate root and branch every vestige of the corrupt Marxist/authoritarian/corporatist/totalitarian/elitist intrusion.

To be clear I believe that unlike Goldman, Merrill and other insiders Lehman was played and betrayed like a mark or willing victim.

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