Thursday, April 4, 2013
Thai Gem Scam Vs. Goldman Sachs CDO Scam
By William Banzai7
The Thai gem scam involves layers of con men and helpers who tell a tourist in Bangkok of an opportunity to earn money by buying duty-free jewelry and having it shipped back to the tourist's home country. The mark is driven around the city in a tuk-tuk operated by one of the con men, who ensures that the mark meets one helper after another, until the mark is persuaded to buy the jewelry from a store also operated by the swindlers. The gems are real but significantly overpriced. This scam has been operating for 20 years in Bangkok, and is said to be protected by Thai police and corrupt politicians. A similar scam usually runs in parallel for custom-made suits. Many tourists are hit by conmen touting both goods.
The CDO Scam involves layers of quant engineers, portfolio selection agents, rating agencies and investment bankers who tell visiting Dutch and German bankers in London and New York of an opportunity to earn money by buying synthetic CDOs (Q Bunk) and having it shipped back to their home country. The mark is driven around the city in a Lincoln Town Car operated by one of the con men, who ensures that the mark meets one helper after another, until the mark is persuaded to buy the Q Bunk in an investment banking office also operated by the swindlers. The Q Bunk is a real genuine synthetic CDO but grossly overpriced. This scam has been operating for 10 years on Wall Street, and until recently was said to be protected by the FRB, SEC and corrupt politicians. A similar scam usually runs in parallel for counterfeit suits, viagra and OTC derivatives. Many visiting German and Dutch bankers are hit by Wall Street con men touting both goods. -- William Banzai7.
Guantanamo hunger strike spreads amid protests at US embassies: -
On Day 56 of the Gitmo hunger strike, officials report the number of strikers has risen to 39, with 11 being force-fed. However, detainees say the number stands at some 130. Demonstrators in Yemen say US authorities are downplaying real numbers.
US hiding criminality at Guantanamo prison: Human rights attorney:
"They've been held at Guantanamo Bay without charge, some of them for 10,11, even 12 years. This is clearly illegal - you cannot detain people without charges."
In Guantanamo, Obama's Promise of Hope Has Transformed Into Hopelessness : Op-Ed:
What we are really seeing in the hunger strikers in Guantanamo today are men who believe that there is no way out. Many believe that their only exit will be in a coffin.
Another Torture Lover in Obama's CIA: Video -
John Brennan, Obama's CIA Director has a history of being directly involved in the CIA's torture program, and is known for being a huge drone supporter. Well, someone has to fill his old CIA position, and who better than another advocate of torture, right?