Half the News, that Fits

It's nice of the Times to pass these along, but as usual, their pricey "commentary" obfuscates things nicely.

[A] former employee of Steven J. Baum recently sent me snapshots of last year’s party. In an e-mail, she said that she wanted me to see them because they showed an appalling lack of compassion toward the homeowners — invariably poor and down on their luck — that the Baum firm had brought foreclosure proceedings against. ...

Let me describe a few of the photos. In one, two Baum employees are dressed like homeless people. One is holding a bottle of liquor. The other has a sign around her neck that reads: “3rd party squatter. I lost my home and I was never served.” My source said that “I was never served” is meant to mock “the typical excuse” of the homeowner trying to evade a foreclosure proceeding.

Of course, "lack of compassion" is not quite the half of it. Notice that the sign in question does not merely mock the foreclosed, but rather, explicitly describes one of the crimes the firm commits: "foreclosing" on homes for which it doesn't even have title!

Max Keiser [here, starting at 7:53], also as usual, gets a little closer to the truth, calling them psychopaths who, as Stacy adds [at 9:55], secretly want to be caught, and so deliberately call attention to their crimes.

"Girl, you'll be a woman... soon..."

Reveal, yes. Get caught? Hardly.

Another name for what we have frequently [yesterday, for example] called "Talmudic Finance" is Masonic Finance. Masons, rabbis, lawyers, bankers -- same people, same M.O.

You know, this kinda paper-shuffling shit:

For the past two years, MF Global Holdings Ltd. may have disguised its debt levels to investors by temporarily slashing the debt it was carrying before publicly reporting its finances each quarter, according to an analysis by The Wall Street Journal.

The activity, referred to in the financial industry as "window dressing," suggests that the troubled financial firm was shouldering more risk and using more borrowed funds to facilitate its trading than investors could easily detect from the firm's regulatory filings.

Remember James J[ew] Cramer, back in 2000, ever so kindly unlocking his hedge fund experience hoard to tell you the 10 dot.com stock you must buy?

You want winners? You want me to put my Cramer Berkowitz hedge fund hat on and just discuss what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now.

Get it? He's selling you the stocks he owns. Goyische kopf!

So what's so great about these stocks anyway?

Most of these companies don't even have earnings per share, so we won't have to be constrained by that methodology for quarters to come.

Demonstrating the Cramer Berkowitz hedge fund hat

Or this:

1) Politically-forced FASB accounting changes in 2009 allow banks to value worthless securities as if they actually retain their original value.

[Remember, the unemployed are lazy bums living on handouts, according to our previous source on "window dressing," the WSJ. Remember?]

2) To fund The Great Ponzi, TBTF banks borrow unlimited funds from the Fed at 0.00%. They then "invest" this free money into treasuries at 2-3%. They book the risk-free, taxpayer-supplied spread as "profit". They have used these "profits" in the charade of "paying back TARP". Additionally, this process allows the Fed to mask their quantitative easing efforts by having the TBTF banks do the dirty work for them. The process of QE2 and POMO was just an overt process of funding the U.S. government while at the same time injecting massive amounts of capital directly into the Fed's primary dealer banks.

"Overt" is the key word.

Ever wonder why every day a new crime is "uncovered" and talked to death on CNBS, yet no one ever fucking goes to jail?

Ever wonder why "smart money" keeps piling into "hedge funds" run by PhD's and Nobel Prizers that keep blowing up week after week [talking down your 401k with them]?

What we have hear is a classic example of the Masonic mind control technique known as The Revelation of the Method.

Revelation of the Method concerns mind control in the last stages and at a high level. When you tell someone what you are doing to them - murder, mayhem, kidnap, rape, you name it - and they do nothing to stop you or protect themselves, you have created a doubly enslaved subject.

Under the guise of bemoaning the bankers' "lack of compassion" the Times actually keeps you in the dark; that's the function of the "liberal" media.

Max, who used to be banker himself, gets half the story.

Remember, Constant Readers -- keep stopping here for the whole story!