Comments on: Failing Up With Citigroup’s Dick Parsons

By: Jim Vail

Jim Vail — Tue, 12 Jun 2012 03:05:35 +0000

Great story Mark! So who was Obama’s sponsor?

By: David Patrick

David Patrick — Mon, 21 May 2012 00:24:04 +0000

A college dropout is “education czar” in New York?

By: Davrus

Davrus — Thu, 17 May 2012 00:45:34 +0000

#15
I wouldn’t go for it, far to easy to rig. For example say they decide to use a computer to generate the random numbers. Computer random number generators are what’s called pseudo-random, that is to say they look random if your not looking to deeply, but if you no what method is being used to generate the random numbers, and you know the seed number then you know every other number which will be generated by that sequence, and thus you also no what number you wish to assign to your designated electors.

By: suoerstupid

suoerstupid — Wed, 16 May 2012 16:53:34 +0000

Shit, why did I take these drugs. This is madness.

By: Dave

Dave — Wed, 16 May 2012 13:22:53 +0000

Please check this out and take action if deemed necessary:

A guy named Joshua Davis is suggesting that less voters will make a better democracy in this “Wired” article

http://www.wired.com/opinion/2012/05/st_essay_voting/

It obvious Bull Shit, I’m suspicious that this is another shill

By: Krokodile

Krokodile — Wed, 16 May 2012 03:35:38 +0000

Story about a Soviet Gosplan official.

By: Hick

Hick — Wed, 16 May 2012 01:20:45 +0000

Dick Parsons? Looks more like a Ben-Eliezar Goldfarb to me…

By: DeeboCools

DeeboCools — Tue, 15 May 2012 21:43:23 +0000

And if there were any real “meritocracy” or “wisdom” in our “free market” system, This dude would be working in a restaurant under my supervision.

By: DeeboCools

DeeboCools — Tue, 15 May 2012 21:41:49 +0000

Donation worthy article!

By: Erik

Erik — Tue, 15 May 2012 19:34:33 +0000

Top notch. Thanks.

By: Generalfeldmarschall von Hindenburg

Generalfeldmarschall von Hindenburg — Tue, 15 May 2012 18:30:20 +0000

The myth that “if someone fucks up, the free market takes care of it by noone trusting that person again” – similar to “if a company pollutes and degrades the atmosphere or the food supply, then the market will respond by rewarding other competitors who don’t do these things” is all shown to be the cant and gruelpropaganda that it is. Sure in a world populated by Vulcans. But power protects itself. That’s ultimately what Obama is for. Shielding the elite from the punishment it’s due for. “Just let us loot the country ten more years..” The Senatorial class thought it would run Rome forever and a day. That didn’t end well – none of those families even exist anymore. Though their daughters likely served Attila’s soldiers well enough…

By: Michel Delving

Michel Delving — Tue, 15 May 2012 17:06:31 +0000

Mark,

Thank you !

F I N A L L Y, someone ties in the Dime scheme with the financial crisis.

Dime’s mortgage servicer EMC Mortgage Corp. perpetrated egregious servicing fraud, fabricating bogus defaults.
It wasn’t unti 20 years later that the FTC caught up with EMC with a pidling 28 mil settlement.
http://www.ftc.gov/opa/2008/09/emc.shtm

Late 1980s through the mid-1990s was a time that real estate still held a lot of equity, so Dime/EMC would foreclose, run up fake list of charges and thus “keep the change”. It essentially began as an equity stealing scheme. AS equity declined, banksters saw they could make more money cashing in on credit default swaps.

Yes, the Dime mortgage scheme emerging in late ’80s on D i c k Parsons’ watch, ultimately went viral and became a major playbook in the financial crisis.

By: rick

rick — Tue, 15 May 2012 15:28:02 +0000

I like this stuff that’s almost free of traditional “liberal” whining–just presenting the workings of capitalism as straightforward “extraordinary popular delusions and the madness of crowds,” vs. the farcical “wisdom of the market.”

By: one-eyed jesus muffin

one-eyed jesus muffin — Mon, 14 May 2012 22:06:57 +0000

When did Parsons start dating Tim Tebow?

By: Cum

Cum — Mon, 14 May 2012 18:38:36 +0000

Thank goodness that people like Bill Black exist.

By: Trevor

Trevor — Mon, 14 May 2012 18:09:20 +0000

Those eight years of Bush were not an anomally. American culture always rewards the most shameless idiot. If there’s a moral lesson in that, it probably involves mustard gass.

By: Fissile

Fissile — Mon, 14 May 2012 17:52:11 +0000

“The game is rigged, and Dick Parsons’ rancid story gives some insight into how the rigging operates, and why failure is so valuable. What looks like failure to us, like losing our jobs and our future and our democracy—is success and riches to the One Percent who profit from this dystopian setup.”

This is like a real life Mel Brooks movie, if you replace all the comedy with evil, horror and misery.

By: Fissile

Fissile — Mon, 14 May 2012 17:49:12 +0000

Nice!

I saved this to show to some unreconstructed “free market” types….not that they will admit any of this is true. The best I can hope for is that I can cram enough of this into their miss-wired brains to cause an overload…..like one of those Star Trek androids trying to reconcile a cognitive dissonance problem.

“He is successful because of merit, but he was given preferential treatment, but he is a operating in a free market, but he gamed the a system, which by definition can not be gamed…..DOES NOT COMPUTE, DOES NOT COMPUTE, DOES NOT COMPUTE…….DOES NOT COMPUTE…..SNAP….CRACKLE….BBZZZZZZZZZZZ

By: Anarchy Pony

Anarchy Pony — Mon, 14 May 2012 16:55:55 +0000

Boy that profit motive sure leads to some upstanding behavior.