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Bomb Explodes At JP Morgan Office In Athens - No One Hurt
Greek police say a bomb exploded Tuesday evening outside an office of
JPMorgan Chase & Co. (JPM) in Athens, The Associated Press reports. No one was
hurt, the AP says. The bomb went off after a warning call to an Athens
newspaper. From Dow Jones.
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It's not hard to see where this is headed, just look at the response to this article. Talk about pent up anger.
I'm afraid that if left unaddressed it will get out of control.
I can see the headlines now:
"FBI Determines as many as 287 million extremists may reside in population. No-Fly List Expanded to 147 million suspects".
Gotta fight terr'ism ya' know.
Ohh, don't expect the apparatchiks of government to be sympathetic. They're just fine and dandy with the current arrangement.
It was not a bomb.....it was a BBS (bomb backed security).
Nonthing compared to the uncountable weapons of mass destruction of JP Morgan bank.
What was the spread on the Collateral Damage Swaps?
While violence may not be the answer, the only other seeming alternative is quiet acceptance. That acceptance comes in the form of blogging and commenting and voting, which in the end are merely a form of catharsis.
I enjoy this site for its intellectual stimulation and I am continually impressed with the energy and passion Tyler et al bring to it. What they are doing is astonishing, but in the end I cannot help but think it is the equivalent of a grad student working feverishly on his or her doctoral thesis.
Two years into this financial debacle and the only thing that has changed is that the ones most responsible and closest to the problem have benefitted the most; in fact many have done far better than they would have had we not had this crisis. Bankers have been well paid for messing up, and have been allowed to keep everything they "earned" that actually turned out to have been false profits.
Punished have been the savers and the debt free, or at least the financially responsible. Rewarded have been the spendthrifts, the heavily indebted, the incompetent, the corrupt, and those who threw gas on the fire.
How many arrests have we seen? Is there not a single act that should at least merit a real investigation, save for some Russian immigrant's purloining of source code that "has the potential to manipulate markets in an unfair way", but which is supposedly the legal property of a firm We the People are required to save at any and all cost?
New regulation was gutted and emasculated, all at the behest of lobbyists. Accounting rules have been altered so as to make accounting meaningless other than to be used as a means to hide, rather than reveal truths. Senior government officials have blocked the release of pertinent shareholder information and have altered the pecking order in the bankruptcy laws that used to be at the heart of the capitalist system. An accountable-to-no-one Central Bank has taken on untold burdens for the US Taxpayer that not even this supposed democracy's elected officials are privy to know, much less the citizens. Efforts to uncover what we will be taxed to pay for---directly or via orchestrated inflation---are forever held up in the courts. Records relating to the most significant taxpayer bill to date have been marked "Secret for Reasons of National Security" and locked away until 2018.
Democracy is the answer? As in 99% of the American people being against TARP? There is far more chance of real democracy on American Idol.
Have any rules been changed in a way to obviate the possibility of a similar debacle recurring in the future? Is "the System" safer or less safe than it was in 2006? The fact is that anything that might have immunized the system in any way from the disease that afflicted it has been carefully and painstakingly removed, so that in all future instances---WHEN they occur---the burden will again fall on the innocent. We have almost constitutionalized Too Big to Fail and Moral Hazard. We have certainly funded it.
We have come as close to Taxation without Representation as we were in 1775, yet we are told to work within a system that has most assuredly failed us and is far too broken to offer a real solution.
So we write. We blog. We call attention to a sleeping SEC and FINRA and Justice Department. We call and write our Congresspeople, just as some of us did BEFORE the collapse. We are ignored now as we were ignored then. I'll make a bet and say we will be ignored tomorrow, too, no matter how many great articles we write, no matter how loud a second rate cable TV station allows us to scream, no matter how often we protest, and no matter whom we choose to vote for.
We live in a system fine tuned to ignore us, but which allows us an outlet or two from which we can let off steam. We are patronized by those who have the audacity to say they are doing things we could not possibly understand but which are for our own good, because the system---whose system?---was just so close to collapse.
We are treated as children and fools. And we are fools if we think that anything we do can make this system change. Our vote is a drug that is useless, because the cancer has metasticized beyond the point of cure.
Like many here I will not go quietly into the night. I will not go down without a battle. I will vote for anyone who has not been a part of this charade, and demand to know the leanings of anyone seeking office who wants my vote. I will (have) pull my wealth away from those who abused the trust of the people and who used my money only to enrich themselves. I will not suffer the fools who have bought the party line and are naive enough to believe our elected officials are working in the interests of the majority.
In the end, though, I hold out little hope. If there is a real solution, other than passion and energy, I have not found it.
Today in Athens maybe someone thought they found another solution. Probably there are people within the US who will try the same solution. I do not condone it, but I understand the frustration. I feel it myself from time to time. I fear that whatever self restraint I may possess---and I do not know how deep it goes---may not be possessed by all of my fellow citizens.
There is a breaking point, and we may well be there. Those who caused the problem and those who have benefitted from the inequitable solution are just as blind and deaf and self-serving as they were in 2002-2007, yet I fear they may have remained so a day too long.
Those who have control and authority have very little time left to act. They have very little time left to show contrition, to share the burden, to make the system more fair, to make the system more transparent and accountable, and to make the system less vulnerable to a repeat. Or they can continue to obstruct, to hide, to transfer wealth from the innocent to the guilty and/or powerful, and loot all they want believing they can get away a day ahead of the coming maelstrom. Maybe this small and violent act today is a clarion call. Maybe it is a harbinger of things to come.
Whatever it is, it is ignored at EVERYONE's peril.
Great post Chindit. It's a shame this is buried at the bottom of 200+ comments.
Not anymore, look at the top!
+1
Narco's right, this was a beautiful, eloquent and frightfully sad post.
Agreed, well writ. Thank you from all of us.
I have made it a point of honor to tell all i meet each day, what condition our condition is in. Sometimes i give away a round to make them inquire. I suggest a couple of good websites and move on. My plan is to awaken my community, my area. I dont know what else to do except inform and prepare for a blown dollar and shortages. I will be running out of silvers soon, but the universe has always given back.
Outstanding! This has to be put on in the morning, somewhere. It’s too good not to be reposted. It’s everything! I don’t quite share your hopelessness, but you do say there is something, a maelstrom, coming. And to me blogging and commenting are more than a “catharsis”: to me blogging is reaching the core. And you, chindit, are an example of it. This is the climate of comment that brought out Thomas Paine. Thomas Paine did not throw a bomb. He wrote a pamphlet! As did you chindit. As did you! This is front page!
You speak of the talent on this blog. You are the talent, chindit. And the bravery. And the courage. I hear your courage.
Well done, chindit. I repeat: Well done!
I can only echo your response - I was thinking this should be a contributor post as I was reading it.
Chindit13,
Thank you.
Second previous cheers. Thanks for this very "human" speech.
Reminds me of John Adams through the lenses of HBO miniseries at least). :)
Don't worry... no need to panic. News has just been released that it was not a bomb. In fact it was just one of JP Morgan's investments as broke light speed approaching negative infinitely. The ensuing 'black hole' created from the blast has since been counter balanced by double positive infinity load guarantees from the New York office.
This was just a test run... next time, do it better...
Is the US Government planning to invade Greece too - you know - to promote "freedom and democracy"?
Why would we free the shit out Greece? What resources do they have?
We don't have corporate interests there so unlike say Central America ala United Fruit, there isn't a communist threat, err union issue obstructing profits.
There is no large reserve of energy conveniently located under the feet of the people that a carrier battle group could "free".
No coal, zinc, copper, you know what I mean.
No "vital American interests".
“THE AMERICAN BANK OF MAIN STREET = A FED for MAIN STREET!
STOP THIS ALSO: THE TAX INEQUITY THAT ALLOWS $146 BILLION IN WALL STREET BONUSES!
http://fed-funds-review.blogspot.com/
The Top 5% of Americans make "95%" of the Discretionary Income (Non-Survival Incomes) in America yet pay only 50% of the Taxes!
CORRECT this tax INEQUITY and use up the other 45% of Capacity (95%-50% = 45%)!
In 1981 the Top Tax Rate was 70% on incomes over $212,000 or $550,000 Today!
The Top Income earners pay 17% in Federal Taxes and that is UNFAIR!” For 50 Years before Reagan the Top Tax Rate was 63% to 94%!
If you know anything about Greeks know that they have always been free thinkers and free spirited, Americans are PROGRAMED from young to think inside the box( its like been given a franchise manual which you follow to the "T", the media control their thinking. The vampire squid and "ALL" its tentacles are picking soft targets to keep those profits rolling, I believe this was just a warning shot from the Greeks!
The most Heartfelt, accurate, encompassing post that as a faithful reader of ZH for it's existence of the last year that I have ever had the pleasure to experience... H/T Chindit13
by chindit13
on Tue, 02/16/2010 - 19:49
#233288
While violence may not be the answer, the only other seeming alternative is quiet acceptance. That acceptance comes in the form of blogging and commenting and voting, which in the end are merely a form of catharsis.
I enjoy this site for its intellectual stimulation and I am continually impressed with the energy and passion Tyler et al bring to it. What they are doing is astonishing, but in the end I cannot help but think it is the equivalent of a grad student working feverishly on his or her doctoral thesis.
Two years into this financial debacle and the only thing that has changed is that the ones most responsible and closest to the problem have benefitted the most; in fact many have done far better than they would have had we not had this crisis. Bankers have been well paid for messing up, and have been allowed to keep everything they "earned" that actually turned out to have been false profits.
Punished have been the savers and the debt free, or at least the financially responsible. Rewarded have been the spendthrifts, the heavily indebted, the incompetent, the corrupt, and those who threw gas on the fire.
How many arrests have we seen? Is there not a single act that should at least merit a real investigation, save for some Russian immigrant's purloining of source code that "has the potential to manipulate markets in an unfair way", but which is supposedly the legal property of a firm We the People are required to save at any and all cost?
New regulation was gutted and emasculated, all at the behest of lobbyists. Accounting rules have been altered so as to make accounting meaningless other than to be used as a means to hide, rather than reveal truths. Senior government officials have blocked the release of pertinent shareholder information and have altered the pecking order in the bankruptcy laws that used to be at the heart of the capitalist system. An accountable-to-no-one Central Bank has taken on untold burdens for the US Taxpayer that not even this supposed democracy's elected officials are privy to know, much less the citizens. Efforts to uncover what we will be taxed to pay for---directly or via orchestrated inflation---are forever held up in the courts. Records relating to the most significant taxpayer bill to date have been marked "Secret for Reasons of National Security" and locked away until 2018.
Democracy is the answer? As in 99% of the American people being against TARP? There is far more chance of real democracy on American Idol.
Have any rules been changed in a way to obviate the possibility of a similar debacle recurring in the future? Is "the System" safer or less safe than it was in 2006? The fact is that anything that might have immunized the system in any way from the disease that afflicted it has been carefully and painstakingly removed, so that in all future instances---WHEN they occur---the burden will again fall on the innocent. We have almost constitutionalized Too Big to Fail and Moral Hazard. We have certainly funded it.
We have come as close to Taxation without Representation as we were in 1775, yet we are told to work within a system that has most assuredly failed us and is far too broken to offer a real solution.
So we write. We blog. We call attention to a sleeping SEC and FINRA and Justice Department. We call and write our Congresspeople, just as some of us did BEFORE the collapse. We are ignored now as we were ignored then. I'll make a bet and say we will be ignored tomorrow, too, no matter how many great articles we write, no matter how loud a second rate cable TV station allows us to scream, no matter how often we protest, and no matter whom we choose to vote for.
We live in a system fine tuned to ignore us, but which allows us an outlet or two from which we can let off steam. We are patronized by those who have the audacity to say they are doing things we could not possibly understand but which are for our own good, because the system---whose system?---was just so close to collapse.
We are treated as children and fools. And we are fools if we think that anything we do can make this system change. Our vote is a drug that is useless, because the cancer has metasticized beyond the point of cure.
Like many here I will not go quietly into the night. I will not go down without a battle. I will vote for anyone who has not been a part of this charade, and demand to know the leanings of anyone seeking office who wants my vote. I will (have) pull my wealth away from those who abused the trust of the people and who used my money only to enrich themselves. I will not suffer the fools who have bought the party line and are naive enough to believe our elected officials are working in the interests of the majority.
In the end, though, I hold out little hope. If there is a real solution, other than passion and energy, I have not found it.
Today in Athens maybe someone thought they found another solution. Probably there are people within the US who will try the same solution. I do not condone it, but I understand the frustration. I feel it myself from time to time. I fear that whatever self restraint I may possess---and I do not know how deep it goes---may not be possessed by all of my fellow citizens.
There is a breaking point, and we may well be there. Those who caused the problem and those who have benefitted from the inequitable solution are just as blind and deaf and self-serving as they were in 2002-2007, yet I fear they may have remained so a day too long.
Those who have control and authority have very little time left to act. They have very little time left to show contrition, to share the burden, to make the system more fair, to make the system more transparent and accountable, and to make the system less vulnerable to a repeat. Or they can continue to obstruct, to hide, to transfer wealth from the innocent to the guilty and/or powerful, and loot all they want believing they can get away a day ahead of the coming maelstrom. Maybe this small and violent act today is a clarion call. Maybe it is a harbinger of things to come.
Whatever it is, it is ignored at EVERYONE's peril.
Damn good post! This is part of what makes this fine zerohedge site so good. Thanks
If you need a Saturday night laugh in mid-week—at Ben’s expense--after a hard day in this bunker, you gotta take a break and back up and read Tyler’s new post from The Onion: Musings on Monetary Mendacity. And not to be outdone by the wit of The Onion, are the accumulating comments from the ZHers.
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