With triple-A rated toxic CDOs, for many, it became purely a matter of the fees & commissions on the transactions and doing as many as possible. There were reportedly $27T in triple-A rated toxic CDO transactions done during the bubble … with trillions in fees & commissions disappearing into various pockets.”
Reference: Trust and Networks
Blog Wisdom, EthicsTrust and Networks
Trust makes networks work. When trust is high among members of a network, there’s a wonderful cohesiveness and capacity to get work done. When trust is low and relationships are plagued by suspicion, networks collapse into brittle organizational structures that rarely offset their operational costs in real world outcomes.
Trust builds living networks that are highly resilient, flexible and efficient. People who trust each other more easily forgive each other for the bumps that inevitably arise from working together. That’s network resilience. When people trust each other, it’s easier to respond to change in a smart, coordinated way. That’s network flexibility. Trust also reduces red tape, which lowers the cost of collaboration. That’s network efficiency.
Summary Points:
9-11 Truth Can End Your Career….
07 Other Atrocities, 10 Security, 11 Society, 9/11 research, Communities of Practice, Corruption, Cultural Intelligence, Intelligence (government), IO Sense-Making, Misinformation & Propaganda, Money, Banks & Concentrated Wealth, Officers Call, Power Behind-the-Scenes/Special Interests, Secrecy & Politics of SecrecyBreathing a word of truth about 9/11 will kill your career
Scoop Independent News, Monday, 18 April 2011, 12:22 pm
Interview by Kourosh Ziabari
Kevin Barrett is a renowned American journalist, writer and former university lecturer. He has taught English, French, Arabic, American Civilization, Humanities, African Literature, Folklore, and Islam at colleges and universities in the San Francisco Bay area, Paris, and Madison, Wisconsin. Being a Muslim convert, Dr. Barrett is a founding member of the Muslim-Jewish-Christian Alliance (MUJCA) and member of the Scientific Panel for the Investigation of 9/11 (SPINE).
See Also:
Kevin Barrett's TruthJihad.com
Search: integrity integrity integrity
Safety Copy Below the Line
Massive Fraud, Common Crime, No Prosecutions
03 Economy, 07 Other Atrocities, 09 Justice, 11 Society, Budgets & Funding, Civil Society, Collective Intelligence, Commerce, Corruption, Government, Law Enforcement, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests
Why haven't any high-profile execs been prosecuted for their role in the financial crisis?
In Financial Crisis, No Prosecutions of Top Figures
By GRETCHEN MORGENSON and LOUISE STORY
The New York Times, April 14, 2011
It is a question asked repeatedly across America: why, in the aftermath of a financial mess that generated hundreds of billions in losses, have no high-profile participants in the disaster been prosecuted?
See Also:
Neil Weinberg, Corrupt Bank Oversight Is Creating New Immoral Hazard, Forbes, 14 April 2011
To me the moral of this story is that Washington has created a vast immoral hazard. We are all truly in a world of peril when regulators and law enforcers believe our financial institutions are too big to be brought to justice—and when our leadership in Washington is so gutless that its response is to let these same institutions emerge bigger and more beyond challenge than ever.
Read rest of this hard-hitting article…
Tip of the Hat to Lynn Wheeler at LinkedIn for the clean links.
Phi Beta Iota: It is our view that the President, the Attorney General, the Secretary of the Treasury, and most Senators and Representatives are immediately impeachable for failing to uphold their oaths to the Constitution and failing to represent the public interest in the face of massive legalized fraud on the part of Wall Street.
Who’s Who in Collective Intelligence: Ben Brownell
Alpha A-D, Collective Intelligence
Multidisciplinary freelance design artist and moonlight cultural theoristician
Rogue Valley, Jefferson State USA.
Today (2011):
Studying and implementing sustainably abundant economic systems and enterprise
Organizing local participatory democracy and ‘Gov2.0' awareness/action
Practicing collaborative frameworks and group process facilitation
Developing a curation platform for engaging eco-social ‘good news'
Improvising interactive multimedia presentations for live events
Creating unique aesthetic natural built environments and landscapes
Appreciating a rich, safe, healthy, comfortable town/ecosystem that outdoes itself as Home
Seeking inspiration and partnership for constructive endeavors abroad and online
Continue reading “Who's Who in Collective Intelligence: Ben Brownell”
Congress? We Don’t Need No Stinkin’ Congress…
Corruption, Government, MilitarySweet: per CBO's numbers, the epic budget showdown didn't even produce enough cuts to pay for a week of bombing Libya.
Six Days of Odyssey Dawn (Libya) Cost $400 Million
March 30th, 2011 by Steven Aftergood
The first six days of Odyssey Dawn, the US war in Libya, cost an estimated $400 million, according to a new report (pdf) from the Congressional Research Service.
“Using operational details provided by DOD and DOD cost factors, a ‘bottoms-up’ estimate of the cost of initial operations suggests that in the first six days of operations, DOD has spent roughly $400 million,” the report said.
“U.S. participation in Operation Odyssey Dawn and NATO operations around Libya raises a number of questions for Congress, including the role of Congress in authorizing the use of force, the costs of the operation, the desired politico-strategic end state, the role of U.S. military forces in an operation under international command, and many others,” said the CRS report, which fleshed out many of those questions.
See “Operation Odyssey Dawn (Libya): Background and Issues for Congress,” March 28, 2011.
US Goverment 2011 Revenue, Costs, & Debt–Two Party Tyranny Lies Straight Up, Media Goes Along
Search: integrity integrity integrity
Advanced Cyber/IO, Cultural Intelligence, Officers Call, SearchesThe Phi Beta Iota collective is delighted that <integrity> is the single most frequent sole search term–sadly, because integrity permeates this entire site (as well as its opposite, corruption), we find it necessary to create this triple headline to serve those who search in the future. Below are the primary referential posts on integrity.
Journal: Reflections on Integrity
Journal: Reflections on Integrity & Design
Reference: Integrity–Without it Nothing Works
Reference: Integrity–Without it Nothing Works II
Reference: Integrity–Without It Nothing Works III
INTELLIGENCE FOR EARTH: Clarity, Diversity, Integrity, & Sustainability
