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Polizei 3 November 2011

Posted by marisacat in 2012 Re Election, Inconvenient Voice of the Voter, Occupy Wall Street, WAR!.
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This police captain was telling the vet calling cadence and commanding the formation to hurry up and order a left face to march out of the way of the horses

Image: Robert Johnson – Business Insider

My last two comments from the previous thread:

Submitted on 2011/11/03 at 12:26 AM | In reply to marisacat.

it sounds as tho riot police may be “kettling” the occupiers left at 14th and Broadway… (12:25 am)

Police and police vehicles have blocked off side treets…. sounds like they are moving in.

Reports say about 1000 left in the big intersection…

Callers to KGO say they have seen no violence but the evidence of the cops moving in….

****************

Submitted on 2011/11/03 at 12:41 AM | In reply to marisacat.

12:41 police have fired tear gas and “flash bangs”… AP is reporting.

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1. marisacat - 3 November 2011

Yes the police have fully moved in…. beginning arrests.. Much more tear gas….

NOW the cops are saying if you have kids with you, get out. Caller estimates 300 cops on site, full riot gear.

Est is 500 demonstrators…

Many hve left the area…. sounds like a sweep into the plaza, people are being told to gather their stuff.

2. BooHooHooMan - 3 November 2011

Shooting at camera crews live now 124 am PT
http://www.livestream.com/globalrevolution

BooHooHooMan - 3 November 2011
marisacat - 3 November 2011

thanks for this…

ugh I never listen to the overnight guy on KGO (horrid 40 year long black Dem operative in SF) but am hanging in for the calls from the plaza

BooHooHooMan - 3 November 2011
marisacat - 3 November 2011

One more thing, one caller to KGO said he thinks there may b members of the Cal NG present… he saw swat gear OVER fatigues.

3. marisacat - 3 November 2011

This is not going to work… for Oakland, for the mayor, for the polizei…

Fools.

4. BooHooHooMan - 3 November 2011

Police Closing In 2:05 PST

5. marisacat - 3 November 2011

A caller counted 50 white passenger vans, 3 big busses, he ticked off about 6 or 7 cop jurisdictions he saw there…

BooHooHooMan - 3 November 2011

Seems to be a standoff for the last hour after a ?warning?t hreat that gas would be used….

marisacat - 3 November 2011

there are reports fromthe scene of rubber bullets… but no time to find it in a report…

BooHooHooMan - 3 November 2011

One person who is homeless, known in the area, was shot with multiple Oakland PD rounds and then they pepperballed and gassed a guy who came in to help him…

Well, one way to look at it……
.is the cops are trying to commit suicide-by-PEOPLE

marisacat - 3 November 2011

There was a complete mix of people in this, all colors, ages, class, income, type….

It will not work. It won’t.

6. marisacat - 3 November 2011
marisacat - 3 November 2011

top of the live updates:

9.27am GMT: The Occupy Wall Street account tweets:

Oakland police have reportedly been covering names & ID numbers to avoid being filmed & called out by #Anonymous. #oo #OWS #OccupyOakland RT

The commentator on the livestream @OakFoSho (see 7.55am), is saying that many officers are covering up their badges. Our reporter on the scene, Adam Gabbatt, says he cannot confirm – or disprove – the reports.

7. BooHooHooMan - 3 November 2011

A very young woman, sitting with maybe 20 or 30 about 10 yards from the police line is speaking with the police in the sweetest voice now during this standoff…

Thank you for your restraint. Like you we are sharing this street.We are sitting down here, we are nonviolent, we are peaceful. If you come towards u, we will move back. Like you we are sharing this street.We are sitting down here, we are nonviolent, we are peaceful. If you come towards us we will move back. Thank you for your restraint. 😉

and awesomely so forth. Suzie Sweet Loop has them at an absolute standstill. They plan to move back to Oscar Grant shortly…

8. marisacat - 3 November 2011

This made me laugh…

MARK HALPERIN, in TIME, on whether Mitt Romney, as nominee, would go personal against President Obama:

“Just the opposite. What is most potent about Romney’s campaign so far is its cleverly dispassionate anti-Obama formula: … ‘The President is a nice man with a nice family. He didn’t cause the economic mess, but his actions have made things worse. He’s clearly in over his head.’ That message worries many senior Democrats, who now believe Romney has made the tactical decision to take the high road and leave the gutter attacks to the incumbent.

Says Romney strategist Stuart Stevens, staying softer-edged than [David] Plouffe [who said on ‘Meet the Press’ that Romney ‘has no core’]:

‘This is the same Obama campaign that savaged Hillary Clinton [and] ridiculed President Clinton [in 2008]. It must be difficult to think you have elected the next FDR and instead find yourself working for Herbert Hoover.'”

Hey, compare yourself to everybody from Jesus to Mandela… and maybe people pick up and carry the comparisons forward, as you flounder.

Whoops.

9. marisacat - 3 November 2011

Sounds like the mutual aid cops are peeling off. No final raid on the encampment, but apparently some cops laughed and more or less indicated they’d be back…

I guess it was all about discipline and punishment. Or something.

10. Madman in the Marketplace - 3 November 2011

they just couldn’t let the day be, could they?

assholes

marisacat - 3 November 2011

No .. and while the run of stories indicates that blac block types upset garbage and burned it… a caller to KGO just said that that happened AFTER the cops advanced on the intersection at about 17th and Braodway.

11. marisacat - 3 November 2011

I just heard a count that at the peak it was nearly 40K.

I think it is possible. There were masses and masses of people…

12. marisacat - 3 November 2011

New plan.

I am counting on the Greeks, who have never left the streets, not in years, to close the port of Piraeus. Busiest Greek port… and busiest port in Europe. Somewhere around third busiest in the world (so many different criteria, volume of ships, volume of cargo, etc., it shifts).

I saw the port, back in the 60s… from hills above and behind the port. And what did I see, US warships.

13. BooHooHooMan - 3 November 2011

New New Plan. 😉

LOL Welll. Chicago chickadee, Elizabeth Cherval, High Priestess if you will of Cayman based EMC Capital Management, just begging to get loot out of Corzines operation today in a court filing . (DENIED)

Uhm, buttanywaze,, yep, you guessed it dot-followers,
she slid Obama 46 hunnerd.
A little tip. A little treat money. How ’bout an ice cream, little fellah?
Better yet…How about a nice FLOAT? 😆

No more cherrypickins on top tho –

‘Increased Harm’

EMC Master Fund Ltd., an MF Global customer based in the Cayman Islands, had asked U.S. Bankruptcy Judge Martin Glenn for permission to move an MF Global account to Peregrine Financial Group Inc., saying any delay might cause the fund “increased harm and damage.”

EMC asked Glenn also to allow it to move the account’s cash collateral. No other broker will accept the accounts without the cash transfer, said EMC, a commodity fund run by EMC Capital Management Inc.

Glenn rejected the request today, saying the trustee needed to effect a “bulk transfer of accounts” to limit customer losses “within the tight time constraints imposed.”

marisacat - 3 November 2011

Oh Give me a hand Obammy!

I’ll stop now before it is racist or terrist or some isticism.

(”peregrine” sounds familiar, tho god knows why when as little as I know about finance$ can fit on the head of a pin, with National park systems, federal highway systems, subdivisions – and more there too!)

BooHooHooMan - 3 November 2011

I had the same “..now where did I hear of Peregrine before?” kinda reaction. Tho everything in moneylaundering is all so Historic and Grishamy now ever since The Pelican Brief and The Firm came out.

I mean, it seems to me, all ya need to get in the game is some kinda bird for a logo, an Ivy League lawyer on the make, and a hook-up in the Caymans,…. – the BVI, the Bahamas, Whatever!
lol: 😉

Switching to movie criticism now,
Put that fucker Tom Cruise on the list.
Jeesus Christ- That motherfuckin Thetan should be given a Lifetime Achievement Award for Most Preposterous Endings just on “The Firm” alone: Like “The Law will save us, Abby.” and the kindly-gangsters don’t just whack em right there at the sit-down. LOL.

BooHooHooMan - 3 November 2011

Yep well poking around on Peregrine…
Same old story, fix is in at the Feds….
They fell below capitalization requirements, but you know, no problem!, Kept afloat by a good scolding and their own, conflicted, peek-a-boo-at-market-orders servicer, who is still doing business…. a real hoot the whole thing looking into it…
as I see Perregrine/ Wasendorf was very, VERY efficient in settiing up trading accounts..
I mean why wait TILL an account holder goes to jail?

And, what outfit would be complete without lawsuits over who – among lesser thieves – rightfully stole some OTHER thieve’s stolen trading platform software code before they could rip off at least somebody in the backwaters of the Greater Thieve:s Trade Aggregation and Fixing Game?

Of course, what we need are more Reforms. 😆
Like of well shaped plastic explosives. IMO. LOL. 😉

14. ts - 3 November 2011

Had this forwarded to me at work today: Corporate Taxpayers and Corporate Tax Dodgers 2008-2010. Very informative read.

15. marisacat - 4 November 2011

Onward to the Election!

Breaking News from ABCNEWS.com:

80,000 Jobs Added in October, Unemployment Falls to 9 Percent [8:31 a.m. ET]

SO exciting, we are winning the war on collapse!! A grain of sand at a time. But it will work and if not, we will LIE more.

16. BooHooHooMan - 4 November 2011

Get to know your police

An Oakland cop confronted over concealing his name patch.
Very skillful of the occupiers working thhis video too – ..
not for any (mistaken) Officer Friendly conclusion, but how quickly it spots a fault line and moves in on it…,

A whole lotta smart packed into this little vignette, roping in (henh) the younger lieutenant that way. requiring him to quickly calculatie the simple smart move percentages motivated by
A.) behaving like a decent sort,, Lest – implicitly –
B.) knowing full well HE was already identified on cam, whether HE’d like to appear center stage in the latest segment of Dereliction of Duty.and
C.) how it subtly plays on his own sense of authority

A combination of the 3 IMO. Very well done I say…

::

On a related note about identifying cops, while getting MJS premise, of course, cops and informants, I disagree with MJS conclusion, as the means to identify police are much more available as are the numbers of people willing to do so.

But Hell, I’m generally of the mind that citizens should be notified whenever one moves into the neighborhood, and they shouldn’t be allowed within a five block area to schools, donut shops, strip clubs, and drinking establishments….

marisacat - 4 November 2011

first link failed! 😳

BooHooHooMan - 4 November 2011
Madman in the Marketplace - 4 November 2011

Jeebus that’s wonderfully done, with humor and respect …

marisacat - 4 November 2011

Apparently one thing Anonymous does is send people in with gas masks and video cameras to film as much as they can.

Viva Anonymous!!

BooHooHooMan - 4 November 2011

Well THEY.. 😆 (who knows?! They’re ANONYMOUS Afterall!!)
have tiptoed thru numerous PD and Pol databases,
Fullerton being one..
.BART another,…
Boston, Birmingham, and 😯 the IACP and so forth
AND they a war on child porn having just realeased addys in a dump yesterday,
and are said to be linking them all together, too.
A busy lot.
But you know, Political Extortion!
Not just for Russo-Israeli gangsters anymore! LOL
And whomeverelses…

Which reminds me, there are also some vols lookin for lulz cracking crypto around Mexican Drug cartels, too. Which prompted the Onion to do this very fun piece.

17. Madman in the Marketplace - 4 November 2011

Another Vet for Peace was beaten the other night by OPD:

Kayvan Sabeghi, 32, was arrested and hospitalized about a week after another U.S. military veteran, former Marine Scott Olsen, was badly injured in a confrontation with police that helped spark the latest round of unrest.

The group Iraq Veterans Against the War said Sabeghi was detained during disturbances that erupted late on Wednesday in downtown Oakland and was charged with resisting arrest and remaining present at the place of a riot.

Police had arrested more than 100 demonstrators in clashes with protesters late on Wednesday and early on Thursday following a day of mostly peaceful rallies against economic inequality, corporate excesses and bailouts of major banks.

Several bank branches were closed and the Port of Oakland was shut down for several hours by the demonstrations.

Brian Kelly, who co-owns a brew pub with Sabeghi, said his business partner told him he was arrested and beaten by a group of policemen as he was leaving the protest to go home.

“He told me he was in the hospital with a lacerated spleen and that the cops had jumped him,” Kelly said, adding that Sabeghi had served as an Army Ranger in Iraq and Afghanistan.

“They put him in jail, and he told them he was injured, and they denied him medical treatment for about 18 hours,” he said.

The Oakland Police Department did not immediately return calls seeking comment.

The veterans’ group said in a statement that police struck Sabeghi with nightsticks on his hands, shoulders, ribs and back, and that in addition to a lacerated spleen he suffered from internal bleeding.

Sabeghi’s name was listed by the Alameda County Sheriff’s Office as among those arrested that night, and Highland General Hospital confirmed he was a patient in its intensive care unit.

marisacat - 4 November 2011

Sebaghi has a very articulate sister… and she is on a controlled warpath.

18. Madman in the Marketplace - 4 November 2011
19. Madman in the Marketplace - 4 November 2011

Bank Customers Flee to CUs

In a survey of 5,000 of its credit union members CUNA estimates that at least 650,000 consumers across the nation have joined credit unions since Sept. 29, the day Bank of America unveiled its now-rescinded $5 monthly debit card fee. Also during that time, CUNA estimates that credit unions have added $4.5 billion in new savings accounts, likely from the new members and existing members shifting their funds.

The survey results also show that more than four in every five credit unions experiencing member growth since Sept. 29 attributed the growth to consumer reaction to new fees imposed by banks, or a combination of consumer reactions to the new bank fees plus the social media-inspired “Bank Transfer Day,” Nov. 5.

“These results indicate that consumers are clearly making a smarter choice by moving to credit unions where, on average, they will save about $70 a year in fewer or no fees, lower rates on loans and higher return on savings.” said CUNA President Bill Cheney.

marisacat - 4 November 2011

There is a Silicon Valley business man who came out today, M E Fox, apparenlty not knowing at all that tomorrow is ‘move your money’ day… he’s around 75 or 80 and in a motorised wheel chair, so I think it is very possible he does not know… anyway, he is moving around 8 million in his business accts out of BofA and several hundred thousand in personal accts too.

I kind of loved what he said, that he did not cross the bridge with Martin and there are other things he did not do in life, but he CAN do this.

Madman in the Marketplace - 4 November 2011

found a link:

A prominent member of Silicon Valley’s exclusive “1 percent” club is pulling his money out of Bank of America and cutting all ties with the bank — and he hopes others will follow his lead.

Mike Fox Sr., a beer magnate and well-known philanthropist, is set to announce Friday that he is divesting his long-held personal Bank of America account, which contains several hundred thousand dollars, in an effort to promote social and economic justice.

Fox said Thursday that he has also asked his executive team to move a $4 million-plus line of credit held by M.E. Fox & Co. from Bank of America to another institution. Fox’s firm is a 46-year-old wholesale distributor of beer, water, New Age beverages and Red Bull energy drink.

“I think the only way I can influence people is through my personal example,” said Fox, 75, who called the amount he was divesting “rather small compared to the egregiousness” of Bank of America’s slow response in modifying home mortgages.

20. Madman in the Marketplace - 4 November 2011

Mike Bloomberg’s Marie Antoinette Moment

Bloomberg’s great triumph as a politician has been the way he’s been able to win over exactly the sort of crowd that was gathering at the HuffPost event that night. He is a billionaire Wall Street creature with an extreme deregulatory bent who has quietly advanced some nastily regressive police policies (most notably the notorious “stop-and-frisk” practice) but has won over upper-middle-class liberals with his stances on choice and gay marriage and other social issues.

Bloomberg’s main attraction as a politician has been his ability to stick closely to a holy trinity of basic PR principles: bang heavily on black crime, embrace social issues dear to white progressives, and in the remaining working hours give your pals on Wall Street (who can raise any money you need, if you somehow run out of your own) whatever they want.

He understands that as long as you keep muggers and pimps out of the prime shopping areas in the Upper West Side, and make sure to sound the right notes on abortion, stem-cell research, global warming, and the like, you can believably play the role of the wisecracking, good-guy-billionaire Belle of the Ball for the same crowd that twenty years ago would have been feting Ed Koch.

Anyway, I thought of all of this this morning, when I read about Bloomberg’s latest comments on Occupy Wall Street. I remembered how pleased Bloomberg looked with himself at the HuffPost ball last year when I read what he had to say about the anticorruption protesters now muddying his doorstep in Zuccotti Park:

Mayor Michael Bloomberg said this morning that if there is anyone to blame for the mortgage crisis that led the collapse of the financial industry, it’s not the “big banks,” but congress.

Speaking at a business breakfast in midtown featuring Bloomberg and two former New York City mayors, Bloomberg was asked what he thought of the Occupy Wall Street protesters.

“I hear your complaints,” Bloomberg said. “Some of them are totally unfounded. It was not the banks that created the mortgage crisis. It was, plain and simple, congress who forced everybody to go and give mortgages to people who were on the cusp. Now, I’m not saying I’m sure that was terrible policy, because a lot of those people who got homes still have them and they wouldn’t have gotten them without that.”

To me, this is Michael Bloomberg’s Marie Antoinette moment, his own personal “Let Them Eat Cake” line. This one series of comments allows us to see under his would-be hip centrist Halloween mask and look closely at the corrupt, arrogant aristocrat underneath.

Occupy Wall Street has not yet inspired many true villains outside of fringe characters like Anthony Bologna. But Bloomberg, with this preposterous schlock about congress forcing banks to lend to poor people, may yet make himself the face of the 1%’s rank intellectual corruption.

This whole notion that the financial crisis was caused by government attempts to create an “ownership society” and make mortgages more available to low-income (and particularly minority) borrowers has been pushed for some time by dingbats like Rush Limbaugh and Sean Hannity, who often point to laws like the 1977 Community Reinvestment Act as signature events in the crash drama.

But Rush Limbaugh and Sean Hannity are at least dumb enough that it is theoretically possible that they actually believe the crash was caused by the CRA, Barney Frank, and Fannie and Freddie.

On the other hand, nobody who actually understands anything about banking, or has spent more than ten minutes inside a Wall Street office, believes any of that crap. In the financial world, the fairy tales about the CRA causing the crash inspire a sort of chuckling bemusement, as though they were tribal bugaboos explaining bad rainfall or an outbreak of hoof-and-mouth, ghost stories and legends good for scaring the masses.

But nobody actually believes them. Did government efforts to ease lending standards put a lot of iffy borrowers into homes? Absolutely. Were there a lot of people who wouldn’t have gotten homes twenty or thirty years ago who are now in foreclosure thanks to government efforts to make mortgages more available? Sure – no question.

But did any of that have anything at all to do with the explosion of subprime home lending that caused the gigantic speculative bubble of the mid-2000s, or the crash that followed?

Not even slightly. The whole premise is preposterous. And Mike Bloomberg knows it.

Madman in the Marketplace - 4 November 2011

This is the evil lie Bloomberg is now trying to dump on the Occupy movement; this is where he’s choosing to spend all that third-way cred he built up over the years with the HuffPost sect. And the mayor put a cherry on the top of his Marie-Antoinette act with the rest of his speech:

“But [congress] were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will. They were the ones that pushed the banks to loan to everybody. And now we want to go vilify the banks because it’s one target, it’s easy to blame them and congress certainly isn’t going to blame themselves. At the same time, Congress is trying to pressure banks to loosen their lending standards to make more loans. This is exactly the same speech they criticized them for.”

Bloomberg went on to say it’s “cathartic” and “entertaining” to blame people, but the important thing now is to fix the problem.

Jesus … I mean, for one thing, Fannie and Freddie don’t even make loans. That’s how absurd this whole thing is.

And the condescension levels here are unbelievable, his air of aristocratic superiority almost breathtaking to behold. Listen to Bloomberg paternally conceding in one breath that it is certainly nice that some struggling people now have homes (“I’m not saying I’m sure that was terrible policy, because a lot of those people who got homes still have them and they wouldn’t have gotten them without that”), just before chiding us with the next that there are sometimes negative consequences to doing something that sounds like goodness, like giving people a place of their own to live.

And then there’s this whole line in which he professes to indulgently understand the need for the “catharsis” and “entertainment” of protest, again almost like a Dad who tells his idiot teenage son that he understands the need to sow a wild oat or two, but please don’t wreck the family Mercedes next time.

Well, you know what, Mike Bloomberg? FUCK YOU. People are not protesting for their own entertainment, you asshole. They’re protesting because millions of people were robbed, by your best friends incidentally, and they want their money back. And you’re not everybody’s Dad, so stop acting like you are.

Madman in the Marketplace - 4 November 2011

oops, messed up the blockquoting

ms_xeno - 4 November 2011

If that condescending prick was our Dad, I think we’d have grounds to go to court and get ourselves emancipated.

:p

Madman in the Marketplace - 4 November 2011

I am so fucking sick of fake “centrism” I can scream.

marisacat - 4 November 2011

to say nothing of fake liberalism.

So much of that in this city, say you’re for “choice” and fr “same sex marriage”… and you can be Atilla the Hun or Stalin or Pinochet and still call yourself Liberal.

ms_xeno - 5 November 2011

Yup. I especially like how the lifting of DADT is supposed to somehow magically erase all of Hopey’s myriad “Fuck Yous” to his base. Because let’s kiss the man’s Guccis for lifting his pinky to lift some tiny piece of hypocrisy that his very own friends in his very own party were responsible for in the first place.

Saying that we will all now be canon fodder together in the next imperial crusade (but still no marriage by and large for you same-sex couples, so no widow/widowers benefits for your beloved when you get blown up) = “Liberalism.”

Everybody give a cheer.

ms_xeno - 5 November 2011

On reflection, I shouldn’t have called the hypocrisy of DADT “tiny,” though. So apologies to the universe for that.

Bill Clinton, of all people, running around lecturing the LGBT community about how the kind of sex they were having made them unfit for marriage and/or military uniforms was more like hypocrisy big enough to fit inside three football arenas.

marisacat - 5 November 2011

Bill Clinton, of all people, running around lecturing the LGBT community about how the kind of sex they were having made them unfit for marriage and/or military uniforms was more like hypocrisy big enough to fit inside three football arenas.

That was a peak event for hypocrisy, wasn’t it?

ms_xeno - 5 November 2011

That and his presuming to tell Moms on Welfare how to conduct themselves more virtuously if they wanted those gallon drums [sic] of tax dollars.

My forehead meets my keyboard at 100 mph every time I have to think about that one again.

marisacat - 5 November 2011

I concentrate at some point every day that BIll should not have a long life. Just check out. Before he writes yet another lousy book. I see he is perfecting his “Well We TRI I I I I I ED to help Obama, we did!” routine.

marisacat - 5 November 2011

Frankly I doubt the so called lifting of DADT has much meaning. Short of a Federal levelling of the field, extending marriage and full participation rights to all…. I don’t see it being enforced.

Let to fight thru state after state, for rights, will not work.

21. BooHooHooMan - 4 November 2011
Madman in the Marketplace - 4 November 2011

brilliant

BooHooHooMan - 4 November 2011

Oh those guys, Clarke & Dawes are a scream.
Lots of great stuff. 😉

This one and this one on Australian politics are hilarious.

22. Madman in the Marketplace - 4 November 2011
23. BooHooHooMan - 4 November 2011

Well ,apparently kicking off MYM weekend in the UK, HSBC and FirstFirect Online had ATM, phone, and all online transactions DOWN late Friday afternoon and into the evening…

The bank said that a server fault started at 14:45 GMT but was being restored on a phased basis at 17:00.

Fortunately they were left able to tweet. LOL.
Tonight they managed to get this out..

@hsbc_uk_press HSBC UK Press Office
Card terminals and internet banking should now be back on. Sorry and thanks again for bearing with us #HSBC

😆 ANYWAYS.
There is this bizarre round of charges, countercharges, and denials goin on about how Corzine’s MF Global said Whoopse! That client loot that was missing?
Welllll SOMEHOW we just left it over at JPMORGAN CHASE.

So there’s That.

Which raises all sorts of questions over incestuous liquidity.
Mostly about the liquidity.
JPMorgan by the way, came out later today and denied ,denied DENIED, effectively, that they were acting as a fencing operation for Corzine’s larceny.

Which again raises all sorts of concerns over incestuous liquidity.
Again, mosty about the liquidity.
What’s alittle incest among the TBTF?

So Bloomberg News Facilitation Service weighed in trying to keep the focus on Corzine’s / MF accounts and their particularly roguey rogueishness as they were trying to be incorporated into what {blink, blink, Bambi} is an otherwise legit system.

Then there was This.
…. from zh feretting out moves by the CME…across the board

The most important news announcement of the day was not anything to came out of Cannes (as nothing did), nor from Greece (the merry go round farce there continues unabated). No, it was a brief paragraph distributed by the CME long after everyone had gone home, and was already on their 3rd drink. It is critical, because not only is this announcement a direct consequence of what happened with MF Global several days ago, but because also it confirms one of our biggest concerns: systemic liquidity is non-existanet.

We confirmed interbank liquidity in Europe was at an all time low earlier today, and can only assume the same is true for US banks. But what is very disturbing is that this is just as true at the exchange level, where it appears the aftermath of the MF collapse is just now being felt. What exactly was the announcement. Unless we are completely reading it incorrectly, it is nothing short of a margin call for tens if not hundreds of billions worth of product. Because as of close of business on November 4, today, the CME just made the maintenance margin, traditionally about 26% lower than the initial margin for specs, equal. For everything. Which means that by close of business Monday, millions of options and futures holders will be forced to deposit billions in additional capital to the CME just so they are not found to be margin deficient, and thus receive a margin call. Naturally, since it is very unlikely that this incremental amount of liquidity can be easily procured in one business day, we anticipate the issuance of hundreds of thousands of margin calls Monday, followed by forced liquidations of margin accounts across America… and the world. Just like when Lehman blew up, it took 5 days for Money Markets to break. Is this unprecedented elimination in the distinction between initial and maintenance margin the post-MF equivalent of the first domino to fall this time around

marisacat - 4 November 2011

[s]ince it is very unlikely that this incremental amount of liquidity can be easily procured in one business day, we anticipate the issuance of hundreds of thousands of margin calls Monday, followed by forced liquidations of margin accounts across America… and the world…

oh even I know what that means.

BooHooHooMan - 4 November 2011

A perfect time for people to be hitting banks for whatever they can get… something which is just beginning really…
the consumer blowback against the banks — shit, they ain’t seen nothin yet.
Set all of it against escalating slow pay/ late pays , hell so many of the previously reliable individual and small biz payers are now so discouraged and pressed up against it they figure whats the precious~credit~rating~difference when the banksters, their card services, and UtilCos are neither loaning nor working out squat anyways…

On individual accounts, one of the best things about it IMO – (the MYM bank hopping to CU shopping) is how it will screw with automatic bill paying…

So I’m in favor of any PEACEFUL consumer action that can save people money that they can enjoy and spend on,
you know, locally artisan-crafted
small arms grenade launchers guillotine blades and what have you… 😆 😉

marisacat - 4 November 2011

😆

Fall in the Fall.

🙄

24. BooHooHooMan - 5 November 2011

Cash Found at MF Global but Customer Money Still Missing
By BEN PROTESS and MICHAEL J. DE LA MERCED

Jon S. Corzine resigned as chief executive of MF Global, and officials briefly thought they had located $600 million in missing customer money.

😆

Corzine Management: Oh THAT Cash?
Oh no, no, no, no, Good God , No –
THAT cash IS accounted for –
That’s OUR ~Management cash you see.
Your MONEY on the other hand –
Good Lord LOLOLOL Oh Heavan’s No!
Your MONEY is STILL MISSING!

25. Madman in the Marketplace - 5 November 2011

Mayor says it’s ‘very clear’ arrested photographer was journalist

Mayor Tom Barrett said Thursday that it appeared clear to him that the Journal Sentinel journalist handcuffed and taken into custody during a protest rally this week was a professional photographer doing her job.

Barrett, who watched television video of Wednesday’s arrest of Kristyna Wentz-Graff, said not only was she obviously laden with equipment, but he also believes he saw her media credentials hanging around her neck.

“It appeared very clear to me that she was a photojournalist,” Barrett said. “I very much support her First Amendment right to be there.”

Wentz-Graff, as well as two University of Wisconsin-Milwaukee students, were arrested Wednesday during a protest march on N. Oakland Ave., near the UWM campus.

Police Chief Edward Flynn, during a news conference Thursday in his office at the Police Administration Building, defended the arrest, saying police did not know Wentz-Graff was a credentialed journalist until she arrived at police headquarters.

Flynn said officers had ordered protesters to get off N. Oakland Ave. Wentz-Graff, he said, “presented herself behind the officer. He perceived her as one of the group of protesters.”

Flynn said Wentz-Graff’s status as a journalist “was not obvious to the officers.”

“She did have big fancy cameras,” Flynn said. But Occupy Wall Street-style demonstrators across the country had cameras too.

“That by itself wasn’t a bellwether,” he said. “According to the officer at the scene, he didn’t notice her ID. He was just focusing on the task at hand. He perceived her as part of the problem he had to solve.”

the credentials hanging around her neck in the photo of her being arrested are pretty damned clear.

marisacat - 5 November 2011

I think I read that she wore a jacket or vest with the name of her publication on it plus of course the outsized ID…. I can’t wait fo the polizei to say it should have said “Press” that they cannot be expected to know individual publications.

There is some word around out here that possibly two of the so called blac block are identified as undercover/plain clothes cops who were at the rally earlier in their more normal assignement, observe and not be dressed as coppers.

We shall see.

Madman in the Marketplace - 5 November 2011

it’s the only paper in town here …

marisacat - 5 November 2011

I really feel comforted that this is not going away, it hs captured the imagination of a wide swathe of people… and so many understand it is in the early days… it is FORMING even as it is happening.

You know who interestingly is not getting it? Black Agenda Report. I had to shut down the site Thursday when I was reading it. I almost lost my mind.

I have dragged myself thru hours of the most horrible host/operatives on KGO slam it, deride it, degrade it, lie about it… to the point i can almost hear the spittle run down their chins, they are SO excited.

And it, their incensed propaganda, is not getting traction except with people so narrow, so mired in reaction and hatred that, oh it gives me so much hope.

For a change.

Madman in the Marketplace - 5 November 2011

it is really wonderful watching it spread and morph

ms_xeno - 5 November 2011

I’ve been looking over BAR on and off this week.

What part do you think they’re not getting?

marisacat - 5 November 2011

In particular the part where to use “slave” or enslavement” shouldn’t be permitted… and in fact relfects something “dark” in the person using it.

I am weary of words being declared off limits. For jsut about any reason by anybody. If “slavery”, and related words/nomencalture, is to be limited to the middle passage and the course of a span of traffiking limited again to only 300 (1500s to 1800s) or so years, then I really protest.

I don’t like being told i must enternally weep for the Jews iether, or unquestioningly honor the holocaust above all other genocides.. ESPECIALLY to excuse a rogue nation that we partner with for war and global garrison..

And the hesitancy to join in. I dunno. Do or don’t do. SO many of the old templates simply don’t work anymore. Geesh look at who is the fucking criminal war mongering pretzel.

The reality is, by dispersion of black and brown populations, some Occupies ARE going to e mixed, are already and have been from the beginning. Others will not be, based on the local population.

26. BooHooHooMan - 5 November 2011

Welcome to Chicago.

Madman in the Marketplace - 5 November 2011

that is incredible, thanks!

The human mic ritual is fucking genius, I wonder who thought of it.

27. Madman in the Marketplace - 5 November 2011
28. marisacat - 5 November 2011

I cannot wait for the conventions.

29. Madman in the Marketplace - 5 November 2011
30. marisacat - 5 November 2011

New

LINK

……. 😯


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