Lehman Brothers


Bobby didn’t know how to feel, he felt a sense of pride that his brother wanted to work with him, but he knew Ace. Ace wasn’t cut out for the kind of work he did, it was dangerous and he didn’t know if he wanted his brother involved. 

In all honesty, Bobby wasn’t exactly proud of what he did but if it meant he could provide for his family then he didn’t care. he loved his brother but he wasn’t sure his brother could handle doing what he did… he needed time to think about it. 

Ace sat there in silence, he knew better than to argue with his big brother. There was no one he looked up to more than Bobby, he didn’t care that what Bobby did was sort of illegal, Ace had never met a better man than his brother, and there was no one else he would rather work for.


Credit: Breaking the Silence

The enslavement of African people in the Americas by the nations and peoples of Western Europe, created the economic engine that funded modern capitalism. Therefore it comes as no surprise that most of the major corporations that were founded by Western European and American merchants prior to roughly 100 years ago, benefited directly from slavery.

Lehman Brothers, whose business empire started in the slave trade, recently admitted their part in the business of slavery. According to the Sun Times, the financial services firm acknowledged recently that its founding partners owned not one, but several enslaved Africans during the Civil War era and that, “in all likelihood,” it “profited significantly” from slavery. “This is a sad part of our heritage …We’re deeply apologetic … It was a terrible thing … There’s no one sitting in the United States in the year 2005, hopefully, who would ever, in a million years, defend the practice,” said Joe Polizzotto, general counsel of Lehman Brothers.

Aetna, Inc., the United States’ largest health insurer, apologized for selling policies in the 1850s that reimbursed slave owners for financial losses when the enslaved Africans they owned died. “Aetna has long acknowledged that for several years shortly after its founding in 1853 that the company may have insured the lives of slaves,” said Aetna spokesman Fred Laberge in 2002. “We express our deep regret over any participation at all in this deplorable practice.”

JPMorgan Chase recently admitted their company’s links to slavery. “Today, we are reporting that this research found that, between 1831 and 1865, two of our predecessor banks—Citizens Bank and Canal Bank in Louisiana—accepted approximately 13,000 enslaved individuals as collateral on loans and took ownership of approximately 1,250 of them when the plantation owners defaulted on the short-term loans,” the company wrote in a statement.

New York Life Insurance Company is the largest mutual life insurance company in the United States. They also took part in slavery by selling insurance policies on enslaved Africans. According to USA Today, evidence of 10 more New York Life slave policies comes from an 1847 account book kept by the company’s Natchez, Miss. agent, W.A. Britton. The book, part of a collection at Louisiana State University, contains Britton’s notes on slave policies he wrote for amounts ranging from $375 to $600. A 1906 history of New York Life says 339 of the company’s first 1,000 policies were written on the lives of slaves.

USA Today reported that Wachovia Corporation (now owned by Wells Fargo) has apologized for its ties to slavery after disclosing that two of its historical predecessors owned enslaved Africans and accepted them as payment. “On behalf of Wachovia Corporation, I apologize to all Americans, and especially to African-Americans and people of African descent,” said Ken Thompson, Wachovia chairman and chief executive officer, in the statement released late Wednesday. “We are deeply saddened by these findings.”

N M Rothschild & Sons Bank in London was linked to slavery. The company that was one of the biggest names in the City of London had previously undisclosed links to slavery in the British colonies. Documents seen by the Financial Times have revealed that Nathan Mayer Rothschild, the banking family’s 19th-century patriarch, made his first personal gains by using enslaved Africans as collateral in dealings with a slave owner.

Norfolk Southern also has a history in the slave trade. The Mobile & Girard company, which is now part of Norfolk Southern, offered slaveholders $180 ($3,379 today) apiece for enslaved Africans they would rent to the railroad for one year, according to the records. The Central of Georgia, another company aligned with Norfolk Southern Line today, valued its slaves at $31,303 ($663,033 today) on record.

USA Today has found that their own parent company, E.W. Scripps and Gannett, has had links to the slave trade.

There is evidence that FleetBoston evolved from an earlier financial institution, Providence Bank, founded by John Brown who was a slave trader and owned ships used to transport enslaved Africans. The bank financed Brown’s slave voyages and profited from them. Brown even reportedly helped charter what became Brown University.

CSX used slave labor to construct portions of some U.S. rail lines under the political and legal system that was in place more than a century ago. Two enslaved Africans who the company rented were identified as John Henry and Reuben. The record states, “they were to be returned clothed when they arrived to work for the company.” Individual enslaved Africans cost up to $200 – the equivalent of $3,800 today - to rent for a season and CSX took full advantage.

The Canadian National Railway Company is a Canadian Class I railway headquartered in Montreal, Quebec that serves Canada and the midwestern and southern United States. The company also has a history in which it benefited from slavery. The Mobile & Ohio, now part of Canadian National, valued their slaves lost to the war and emancipation at $199,691 on record. That amount is currently worth $2.2 million.

Brown Brothers Harriman is the oldest and largest private investment bank and securities firm in the United States, founded in 1818. USA Today found that the New York merchant bank of James and William Brown, currently known as Brown Bros. Harriman owned hundreds of enslaved Africans and financed the cotton economy by lending millions to southern planters, merchants and cotton brokers.

Brooks Brothers, the high end suit retailer got their start selling slave clothing to various slave traders back in the 1800s. What a way to get rich in the immoral slave industry!

Barclays, the British multinational banking and financial services company headquartered in London, United Kingdom has now conceded that companies it bought over the years may have been involved in the slave trade.

USA Today reported that New York-based AIG completed the purchase of American General Financial Group, a Houston-based insurer that owns U.S. Life Insurance Company. A U.S. Life policy on an enslaved African living in Kentucky was reprinted in a 1935 article about slave insurance in The American Conservationist magazine. AIG says it has “found documentation indicating” U.S. Life insured enslaved Africans.

Call For Papers: November 1st

This September will be the 150th anniversary of the publication of Volume I of Karl Marx’s Capital. It will also mark 9 years since Lehman Brothers went under, ultimately resulting in the international financial crisis from which we are still trying to recover.

In the years since the height of the crisis, Marx’s work, and especially Capital, has been thrown back into public discourse. Many of us have been radicalized in this atmosphere, coming to believe that the capitalist mode of production is inherently unstable and crisis-prone, and that no amount of regulation or de-regulation can save it from itself. In this sense, the Marxian critique is still important, and is perhaps more relevant now than it ever was.

But we are more than critics, and it is also important to reflect on the history of struggle and practice. For this reason, we must reckon with the Russian Revolution at its centenary. Its outcome has been particularly influential on socialist movements around the world, and we cannot ignore it.

In particular, we are well aware of the polarizing nature of the Soviet legacy, but as editors and Marxists we are committed to open discussion and interested in responses from leftists of all factions to the so-called Soviet question.

In the next issue of ΔMagazine, we are looking for submissions that deal with both topics.

Examples of acceptable themes include:

  • crisis theory
  • histories of Capital and capitalism
  • reflections on the Russian Revolution and the Soviet impact on global socialism
  • “actually existing socialism”

Submissions should be between 2000 and 15000 words in length and should adhere to Chicago style. Submissions should represent original work. All finished submissions and inquiries should be sent to deltamagstaff@gmail.com by November 1st.

I watch a lot of documentaries. I think they are incredible tools for learning and increasing our awareness of important issues. The power of an interesting documentary is that it can open our minds to new possibilities and deepen our understanding of the world.

On this list of mind expanding documentaries you will find different viewpoints, controversial opinions and even contradictory ideas. Critical thinking is recommended. I’m not a big fan of conspiracy documentaries but I do like films that challenge consensus reality and provoke us to question the everyday ideas, opinions and practices we usually take for granted.

Watching documentaries is one of my favorite methods of self-education. If I find a documentary inspiring, I usually spend more time researching the different ideas and interesting people interviewed in the film. I hope you find these documentaries as enlightening as I did!

[1] Life In The Biosphere

Explore the wonder and interconnectedness of the biosphere through the magic of technology.

How Many People Can Live on Planet Earth
The Magical Forest
Ants: Nature’s Secret Power
Mt. Everest: How It Was Made
Mariana’s Trench: The Deepest Spot On Earth
Natural World: The Andes
Shining Mountains: The Rockies
Grand Canyon: How It Was Made
The Intelligence of Plants

[2] Creativity and Design:Advertisements

Learn about all the amazing things that people create with their imaginations.

Everything Is A Remix
The Creative Brain: How Insight Works
Design: The New Business
PressPausePlay: Art and Creativity in the Digital Age
Infamy: A Graffiti Documentary
Influencers: How Trends and Creativity Become Contagious
RIP: A Remix Manifesto
Design: e² – Sustainable Architecture
The Genius Of Design

[3] The Education Industrial Complex:

The modern school where young minds are moulded into standardized citizens by the state.

The College Conspiracy
Declining by Degrees: Higher Education at Risk
The Forbidden Education
Default: The Student Loan Documentary
College Inc.
Education For A Sustainable Future
Networked Society: The Future of Learning
The Ultimate History Lesson With John Taylor Gatto
The Education System in Communist China
The War On Kids

[4] The Digital Revolution:

The Internet is now the driving force behind change and innovation in the world.

The Age of Big Data
Resonance: Beings of Frequency
Life In A Day
Networked Society: On The Brink
Us Now: Social Media and Mass Collaboration
WikiRebels: The WikiLeaks Story
The Virtual Revolution: The Cost of Free
How Hackers Changed the World


[5] A New Civilization:

We are at the dawn of a new golden age of human inventiveness.

THRIVE: What On Earth Will It Take?
Zeitgeist III: Moving Forward
Paradise or Oblivion
2012: Time For Change
The Crisis of Civilization
The Collective Evolution II
The Quickening: Awakening As One
2012 Crossing Over: A New Beginning
The Awakening

[6] Politics:

Explore the politics of power and control and how it affects your life.

Owned and Operated
The Power Principle
The True Story of Che Guevara
Earth Days
Capitalism Is The Crisis
WikiLeaks: The Secret Life of a Superpower
The Putin System
The War On Democracy
Rise Like Lions: Occupy Wall Street and the Seeds of Revolution

[7] Biographies of Genius:

The biographies of modern geniuses who pushed humanity forward.

Isaac Newton: The Last Magician
The Unlimited Energy of Nikola Tesla
The Missing Secrets Of Nikola Tesla
Richard Feynman: No Ordinary Genius
How Albert Einstein’s Brain Worked
The Extraordinary Genius of Albert Einstein
Leonardo Da Vinci: The Man Who Wanted to Know Everything

[8] War:

War is history’s oldest racket for stealing from the powerless and redistributing resources to the powerful.

Psywar: The Real Battlefield Is Your Mind
The Secret History of 9/11
Robot Armies in the Future
The Never Ending War in Afghanistan
Shadow Company: Mercenaries In The Modern World
Why We Fight
The Fog Of War
The Oil Factor: Behind The War On Terror

[9] Economics:

Learn about the financial system works and how people and societies are enslaved through debt.

The Corporation: The Pathological Pursuit of Profit and Power
Overdose: The Next Financial Crisis
The Ascent of Money: A Financial History of The World
The One Percent
Quants: The Alchemists of Wall Street
The Last Days Of Lehman Brothers
The Four Horsemen
Inside Job: The Biggest Robbery In Human History
Capitalism A Love Story
Money and Life

[10] Digital Entrepreneurship:

Profiles of the entrepreneurs who used technology to change the world.

The Life Of A Young Entrepreneur
Profile: Google’s Larry Page and Sergey Brin
Profile: Facebook’s Mark Zuckerberg
Starting-Up in America
Steve Jobs: One Last Thing
Steve Jobs: The Billion Dollar Hippy
Elon Musk: Risk Takers
The Story of Twitter

[11] Sports:

Watch the inspiring stories of amazing athletes.

Fearless: The Jeb Corliss Story
Carts of Darkness
Usain Bolt: The World’s Fastest Man
Wayne Gretzky: The Life and Times
Mike Tyson: Beyond the Glory
The Legacy Of Michael Jordan
We Ride: The Story of Snowboarding

[12] Technology:

Find out more about the impact of exponential growth and the approaching Singularity.

Ray Kurzweil: The Transcendent Man
How Robots Will Change the World
Human 2.0
Trance-Formation: The Future of Humanity
The Venus Project: Future By Design
Bionics, Transhumanism And The End Of Evolution
The Singularity Is Near
Car Technology Of The Future

[13] Origins of Religion:

Explore the original religious experience of mankind at the dawn of civilization.

Entheogen: Awakening the Divine Within
Manifesting the Mind: Footprints of the Shaman
Ancient Egypt and The Alternative Story of Mankind’s Origins
The Hidden Knowledge of the Supernatural
Re-Awaken: Open Your Heart, Expand Your Mind
Shamans of the Amazon
The Root of All Evil: The God Delusion
Ancient Knowledge
The Naked Truth
Before Babel: In Search of the First Language

[14] Western Religion:

The fascinating history of the three Abrahamic religions: Judaism, Christianity and Islam.

Secret Quest: The Path of the Christian Gnostics
The Secret Gate of Eden
Forbidden Knowledge: Lost Secrets of the Bible
Banned From The Bible: Secrets Of The Apostles
The Road To Armageddon
Muhammad: The Legacy of a Prophet
A Complete History of God
Gnosis: The Untold History of the Bible

[15] Eastern Religion:

Expand your mind by also studying the entirely different religious worldviews of the East.

Inner Worlds, Outer Worlds
The Life Of The Buddha
The Seven Wonders of the Buddhist World
Mysteries of the Cosmic OM: Ancient Vedic Science
Where Science and Buddhism Meet
The Yogis of Tibet
Taj Mahal: Secrets To Blow Your Mind
Light at the Edge of the World: Tibetan Science of the Mind
Myths of Mankind: The Mahabharata
Ayurveda: The Art of Being

[16] Consciousness:

Learn about the basic unity of existence and the miracle of consciousness.

Athene’s Theory of Everything
Theory of Everything: GOD, Devils, Dimensions, Dragons & The Illusion of Reality
The God Within: Physics, Cosmology and Consciousness
5 Gateways: The Five Key Expansions of Consciousness
Return to the Source: Philosophy and The Matrix
The Holographic Universe
DMT: The Spirit Molecule
Neuroplasticity: The Brain That Changes Itself

[17] Mysteries:

Indiana Jones-style explorations into the unsolved mysteries of the past.

Alchemy: Sacred Secrets Revealed
The Day Before Disclosure
The Pyramid Code
The Secret Design of the Egyptian Pyramids
Decoding the Past: Secrets of the Dollar Bill
Origins of the Da Vinci Code
Forbidden Knowledge: Ancient Medical Secrets
Secret Mysteries of America’s Beginnings: The New Atlantis
Secrets in Plain Sight

[18] Mass Culture:

Learn about how our thoughts and opinions are influenced by mass culture.

The Century of the Self
All Watched Over By Machines Of Loving Grace
The Power Of Nightmares
Starsuckers: A Culture Obsessed By Celebrity
Human Resources: Social Engineering in the 20th Century
Obey: The Death of the Liberal Class
Motivational Guru: The Story of Tony Robbins
Bob Marley: Freedom Road
Radiant City

[19] Corporate Media:

Discover how the mass media and advertisers channel our irrational impulses.

Weapons of Mass Deceptions
Secrets of the Superbrands
Orwell Rolls in his Grave
The Esoteric Agenda
The Myth of the Liberal Media: The Propaganda Model of News
Manufacturing Consent: Noam Chomsky and the Media
Symbolism in Logos: Subliminal Messages or Ancient Archetypes
Edward Snowden: A Truth Unveiled
Outfoxed: Rupert Murdoch’s War on Journalism

[20] Art and Literature:

Explore the lives of famous artists and how art opens people’s minds.

Cosm: Alex Gray’s Visionary Art
Banksy’s Exit Through The Gift Shop
New Art and the Young Artists Behind It
Salvador Dali: A Master of the Modern Era
The Day Pictures Were Born
Off-Book: Digital Age Creativity
This Is Modern Art

[21] Health:

Explore issues in health, how our bodies work and the incredible power of our brains.

The Human Brain
The Truth About Vitamins
How To Live To 101
America’s Obesity Epidemic
The War On Health
The Beautiful Truth
Food Inc.
The Truth About Food
The Living Matrix

[22] Drugs:

Documentaries on the effect of drugs — legal and illegal — on the body and mind.

The Union: The Business Behind Getting High
The Drugging Of Our Children
How Marijuana Affects Your Health
Making a Killing: The Untold Story of Psychotropic Drugging
Clearing the Smoke: The Science of Cannabis
LSD: The Beyond Within
The War on Drugs: The Prison Industrial Complex
Are Illegal Drugs More Dangerous Than Legal Drugs?
The Prescription Drug Abuse Epidemic
Run From The Cure: The Rick Simpson Story

[23] Environment:

Thought-provoking documentaries on the environmental movement and the growing threats to our biosphere.

Blue Gold: World Water Wars
Shift: Beyond the Numbers of the Climate Crisis
All Things Are Connected
The Fight For Amazonia
Flow: For Love Of Water
Here Comes the Sun
The World According To Monsanto
The Story of Stuff

[24] Cosmos:

Expand your mind by exploring our indescribably large and beautiful Cosmos.

The Search for Planets Similar to Earth
Cosmic Journeys : The Largest Black Holes in the Universe
The Mystery of the Milky Way
Fractals: The Hidden Dimension
Into The Universe With Stephen Hawking: The Story of Everything
Pioneer Science: Discovering Deep Space
Carl Sagan’s Cosmos
The Strangest Things In The Universe

[25] Science:

The history of scientific discovery and how scientific instruments expand our perception.

The Complete History of Science
Secret Universe: The Hidden Life of the Cell
Stephen Hawking: A Brief History of Time
Quantum Mechanics: Fabric of the Cosmos
The Light Fantastic
DNA: The Secret of Life
Parallel Universes, Alternative Timelines & Multiverse
What Is The Higgs Boson?

[26] Evolution:

The story of our evolution and the emergence of self-aware human beings.

The Origin of Life
Homo Sapiens: The Birth of Humanity
Beyond Me
The Global Brain
Metanoia: A New Vision of Nature
Birth Of A New Humanity
Ape Man: Adventures in Human Evolution
The Incredible Human Journey
The Human Family Tree

[27] Psychology and The Brain:

New research is shining a spotlight on how we can improve our brains.

How Smart Can We Get?
The Science of Lust
The Secret You
What Are Dreams?
A Virus Called Fear
Beyond Thought (Awareness Itself)
The Human Brain
Superconscious Mind: How To Double Your Brain’s Performance
How Does Your Memory Work?
Secrets of the Mind

[28] Modern History:

The story of the Enlightenment, the Industrial Revolution and the rise of the modern world.

History of the World in Two Hours
The Industrial Revolution
The Rise and Fall of the Third Reich
The French Revolution
Big Sugar
The American Revolution

[29] Pre-Modern History:

The story of the Americas and European history in the pre-modern world.

Socrates, Aristotle and Plato
The Medici: The Most Influencial Family In The World
A History of Celtic Britain
The Crusades: Victory and Defeat
The Vikings: Voyage To America
Copernicus and the Scientific Revolution

[30] Current Events:

Become more informed about current events that are shaping the world.

Syria: The Reckoning
Empire: Putin’s Russia
The New Arms Race
The Killing of Yasser Arafat
Egypt In Crisis
Inside Obama’s Presidency
The Untouchables: How Obama Protected Wall Street
Behind The Rhetoric: The Real Iran
A History of the Middle East since WWII
Climate Wars

[31] Ancient Civilizations:

Fascination explorations into the ancient civilizations of our past.

The Persian Empire : Most Mysterious Civilization in the Ancient World
What The Ancients Did For Us
What the Ancients Knew
Egypt: Beyond the Pyramids
Secrets of the Ancient Empires
Graham Hancock’s Quest For The Lost Civilization
Atlantis: The Lost Continent
Seven Wonders of the Ancient World

I hope you enjoy watching some of these mind expanding documentaries! If you have a personal favorite, please share it with everyone in the comments.

Credits: DIY Genius

John Kasich Was Senior Executive At Lehman Bros.

Ohio Gov. John Kasich loves talking about his record in office, his knack for balancing the budget and his controversial decision to back Medicaid expansion.

But there’s one part of his resume he’s less inclined to discuss: the years he spent as a senior executive at Lehman Brothers.

Kasich joined Lehman’s investment banking division as managing director in 2001, working there until the firm’s collapse in September 2008 unleashed global panic and served as the catalyst for the financial crisis.

Lehman Brothers was arguably the most deeply vilified Wall Street firm during the 2008 meltdown and Kasich was a senior executive.

“Kasich’s close ties to Wall Street should raise concerns for everyone who suffered due to the collapse of our financial system caused by those very same banks,” said Craig Holman of the advocacy group Public Citizen. “This is not a responsible businessman, and strongly suggests he would not be a responsible president.”

How the Fed Let the World Blow Up in 2008

It was the day after Lehman failed, and the Federal Reserve was trying to decide what to do.

It had been fighting a credit crunch for over a year, and now the worst-case scenario was playing out. A too-big-to-fail bank had just failed, and the rest of the financial system was ready to get knocked over like dominos. The Fed didn’t have much room left to cut interest rates, but it still should have. The risk was just too great. That risk was what Fed Chair Ben Bernanke calls the “financial accelerator,” and what everyone else calls a depression: a weak economy and weak financial system making each other weaker in a never-ending doom loop. 

But the Fed was blinded. It had been all summer. That’s when high oil prices started distracting it from the slow-burning financial crisis. They kept distracting it in September, even though oil had fallen far below its July highs. And they’re the reason that the Fed decided to do nothing on September 16th. It kept interest rates at 2 percent, and intoned that “the downside risks to growth and the upside risks to inflation are both significant concerns.”

In other words, the Fed was just as worried about an inflation scare that was already passing as it was about a once-in-three-generations crisis.

Read more. [Image: Reuters]

Yet another shrunkyclunks drabble:

“Well, if it isn’t Grant Stevens himself.”  Bucky takes a deep pull from his beer and gives Steve a hard look.

“Buck, I’m sorry. Please let me explain.”  The man – Bucky has no idea who he really is – stands before him in worn-in jeans and light gray t-shirt that is at least one size too small, showing off the physique that drew Bucky to him in the first place.

Keep reading

Who Says You Can’t Go Back?

Hey guys, so as promised I have a new fic coming you way. I have actually been working on this since right after the finale, but was worried that no one would care about Teddy’s side of this as much as I do. I didn’t touch it for months, but when they announced that Kim Raver was coming back I took it as a sign that people do care about Teddy and finished the chapter. This chapter is very Teddy centric because I was setting things up, but future chapters will focus on Amelia and Owen as well. 

Thanks to @jordan202​ for telling me I wasn’t crazy for writing it, and to @em-m-j​ for proof reading it, and telling me I wasn’t crazy to post it.

Widow. Teddy Altman hated that word. But despite her aversion to it, over the years she had let it define her. It was easy to be the widow. She never had to explain away her sorrow. Prospective dates fled at the mention of it. And that’s what she wanted, wasn’t it? Ever since Henry died she had been living in a haze. She moved to Germany and never looked back. Not having to spend every night it the apartment they shared helped, but sleeping alone had never gotten easier. She threw herself into work and tried to put her husband out of her mind. She kept her head down, didn’t make friends, she poured herself into work. And that had worked for a while, for years actually. She made herself numb to the emotions. She prevented herself from feeling the powerful loss that was always there, on the edge of her subconscious.  Not only had she lost her job on that rainy day in Seattle, but when she made the decision to leave, she lost everything. Her last connection to Henry, her home, her friends. Friends. That part hurt the most, almost as much as losing Henry, because she made the decision to leave them. Of course they tried to keep in touch. At the beginning Arizona called every week, and Callie would send videos of her daughter, letting Teddy see how the little girl was growing. Even Owen, who was never good at communicating would send emails. He let her know what was going on with his life, how Cristina left, how he met someone else, how they were married now. He seemed happy. But all those emails and phone calls from her friends went unanswered. Teddy couldn’t face the fact that they were all happy and moving on with their lives. They all took the curve balls life threw at them with grace and moved on stronger than ever. Teddy couldn’t admit to her friends that she had not. She had spent so much time shutting people out, running from her past, that she forgot what it felt like to have someone there for her. That was until the day her past caught up to her. 

Keep reading


Good Morning Everyone!!!!

Few lines before work

Today is my first day of work at a brokerage firm. Soon I’ll take my Series 7, and become a licensed stock broker! Which has been my passion and dream since I was in the 6th grade. I remember the day like it was yesterday. We had just received our new monthly issue of “Scholastic Magazine” , I was super excited. I loved to read and discover new things. Which is why this magazine was perfect for kids. One of the articles was actually an interview.

He described how when he was 6 years old hood family immigrated from India to America. New York specifically. He worked his way through highschool and college to hello pay bills. He recieved a scholarship to Harvard University. Then joined a big and renowned Brokerage firm like Lehman Brothers ( which eventually went under do to the 2008 recession ), Goldman Sachs or JP Morgan Chase Private Client Group. He worked his way up until he became an investment banker. He shared some banker stories, which brought us to the end of the article.

You have no idea the impact reading this article made on me. Ever since that day I anyways wanted to be involved in finace. Specifically involved as a stock broker or investment banker. As I got older I saw movies like “Wall Street” , “Wall Street 2” “Boiler Room” & I started to read books like “The Rise & Fall of the Lehman Brothers” etc. Which further inspired me to want to open a brokerage firm. The guy I mentioned earlier from the interview accomplished his goal by 35 years old. I’m 32 years old. Alexander the Great tamed hiss first wild stallion by age 12, had won his first battle by age 15 and had conquered most of the world by age 30 - 32.

So what’s my excuse? I have none. I don’t want to make excuses for myself. Even if some are legit. Depression, problems with authority, drug addiction, etc. From this day moving forward I will conquer my metaphorical world. For now I just take it one day at a time. I took the first step herr the job. Now I’m in my second step. Keep the job ( which had never been a problem for me ) get my series 7 license and the series 63. For now that’s what’s on my plate.

So job me on my adventure into the finance world. If you made it this far I want to thank you and give you my appreciation. It was a long post but I want to thank you for taking your tune to read it and share with me an important moment for me in my life. Thank You!!💊💉💞💞💓💓

One criticism I’ve heard of Obama (and that I’m now hearing of Harris and Yates) is that he didn’t jail the bankers. I honestly don’t know the answer to this question: are they suspected or accused of breaking any specific laws? Because the law allows for some pretty staggering greed and arrogance within its limits. I know people point to the Icelandic bankers who went to jail, but they committed crimes that are crimes everywhere (tax evasion, insider training, a Madoff-type ponzi scheme, etc.) Finance stuff confuses me so I don’t know what if any laws were broken by people at Bear Sterns and Lehman Brothers and so on. 

Diaspora: Notable German- Americans

German Americans are the USA’s #1 heritage group and have been influential in almost every field in American society, including science, architecture, business, sports, entertainment, theology, politics, and the military. Famous German-Americans include:

MILITARY: Baron von Steuben, John Pershing, Dwight D. Eisenhower, Chester W. Nimitz, Carl Andrew Spaatz, Norman Schwarzkopf 

POLITICIANS: Carl Schurz, Friedrich Hecker, Frederick Muhlenberg, Henry Morgenthau, Jr. and Sr., Dwight D. Eisenhower, Herbert Hoover, Henry Kissinger, and John Boehner

INDUSTRY & BUSINESS: Henry J. Heinz, (Heinz ketchup), Frank Seiberling (Goodyear Tires), Walt Disney (Disney), John D. Rockefeller (Standard Oil), William Boeing (The Boeing Company/United Airlines), Walter Chrysler (Chrysler Corp), Frederick & August Duesenberg (Duesenberg Automobile Corp), Studebaker brothers (Studebaker Automobile Corp), George Westinghouse (Westinghouse Electric Corporation), Levi Strauss (Levi’s jeans), Charles Guth (Pepsi cola), Bill Gates (Microsoft), Elon Musk (SolarCity/SpaceX/Tesla Motors), James L. Kraft (Kraft Foods), Henry E. Steinway (Steinway & Sons pianos), Charles Pfizer (Pfizer, Inc.), Donald Trump (The Trump Org), John Jacob Astor (Waldorf Astoria Hotels), Conrad Hilton (Hilton Hotels), Guggenheim family (Guggenheim Foundation), Marcus Goldman (Goldman Sachs), Lehman Brothers, Carl Laemmle (Universal Studios), Marcus Loew (MGM Studios), Harry Cohn (Columbia Pictures), Herman Hollerith (IBM)), Steve Jobs (Apple Inc.), Michael Dell (Dell Inc.), Eric Schmidt (Google), Peter Thiel (PayPal Inc.), Adolph Simon Ochs and Arthur Ochs Sulzberger (The New York Times), Charles Bergstresser (The Wall Street Journal), Al Neuharth (USA Today), Eugene Meyer (The Washington Post) etc.

BEER BREWING: German Americans were pioneers and dominated beer brewing for much of American history, beginning with breweries founded in the 19th century by German immigrants August Schell (August Schell Brewing Company), Christian Moerlein (Christian Moerlein Brewing Co.), Eberhard Anheuser (Anheuser-Busch), Adolphus Busch (Anheuser-Busch), Adolph Coors (Coors Brewing Company), Frederick Miller (Miller Brewing Company), Frederick Pabst (Pabst Brewing Company), Bernhard Stroh (Stroh Brewery Company), and Joseph Schlitz (Joseph Schlitz Brewing Company). 

ARCHITECTS, SCIENTISTS & ASTRONAUTS: Brooklyn Bridge engineer John A. Roebling and architects Walter Gropius and Ludwig Mies van der Rohe left behind visible landmarks. Albert Einstein, J. Robert Oppenheimer, Wernher von Braun, John Peter Zenger, John Steinbeck, Kurt Vonnegut, Joseph Weizenbaum etc. set intellectual landmarks while Neil Armstrong was the first human to land on the moon.

HOLLYWOOD PEOPLE & SPORTS ATHLETES & MUSIC: Still others, such as Bruce Willis, George Eyser, Babe Ruth, Lou Gehrig, Jack Nicklaus, Doris Day, Grace Kelly, Clark Gable, Marlene Dietrich, Johnny Weissmuller, Ernst Lubitsch, Walter Damrosch, John Denver, John Kay, Meryl Streep, Kim Basinger, Sandra Bullock, David Hasselhoff, Leonardo DiCaprio, Kirsten Dunst, Kevin JameS, and Steven Spielberg became prominent athletes, actors, film directors or artists.



muh race

muh bernie sanders

muh fox news

muh donald trump worse

literally every tepid democrat talking point is being rattled off here in a desperate show of resistance to the cognitive dissonance nightmare of realizing that Barack Obama was indeed in the pocket of wall street. A nightmare because this is the lame talking point they lob against lmao-koch-brothers republicans as if their political sports team is immune to such millionaire corruption.

Right here is the indication that Obama was paid off (or given the promise of a pay off) with regards to not imprisoning the wallstreet bankers responsible for the 2008 crash… and they are losing their minds in denial

but this tweet and others like it are especially great:

Because it’s not readily apparent to these Democrat dipshits that Barack “Robinhood” Obama was previously at the helm of taking $600,000,000,000 from the American taxpayer and giving that near-trillion dollar package to wallstreet bankers responsible for KNOWINGLY misleading people into “sub-prime” (meaning: BAD, LiKELY NEVER TO BE PAID OFF) mortgages, lumped into other subprime mortgages in what’s called CDO’s or Collateralized Debt Obligations, and trading those CDOs with other hedge funds and banks with ever increasing speculative value. They basically, knowingly played jenga with mortgage debt, sold at the top for massive profit, then watched Lehman Brothers be the poor shithead to knock over the jenga tower, crashing the american economy… Then cried to washington DC for enormous sums of money through crocodile tears.

$600 billion that could’ve gone to bailing out all the defaulting americans and foreclosed homes that had permanently ruined countless middle class families - that instead went to wall street to be used for massive severance packages, redecoration, platinum prostitutes and even installing $35,000, taxpayer funded, gold toilets in their office’s private washrooms.

The Democrat Party is proudly the wallstreet party, more so than the Republicans, and liberals are too stupid to realize it.


Century of The Self

Sigmund Freud, the founder of psychoanalysis, changed our perception of the mind and its workings. The documentary explores the various ways that governments and corporations have utilized Freud’s theories. Freud and his nephew Edward Bernays, who was the first to use psychological techniques in public relations, are discussed in part one. His daughter Anna Freud, a pioneer of child psychology, is mentioned in part two. Wilhelm Reich, an opponent of Freud’s theories, is discussed in part three.

To many in politics and business, the triumph of the self is the ultimate expression of democracy, where power has finally moved to the people. Certainly, the people may feel they are in charge, but are they really? The Century of the Self tells the untold and sometimes controversial story of the growth of the mass-consumer society. How was the all-consuming self created, by whom, and in whose interests?

Along these lines, The Century of the Self asks deeper questions about the roots and methods of consumerism and commodification and their implications. It also questions the modern way people see themselves, the attitudes to fashion, and superficiality.

The business and political worlds use psychological techniques to read, create and fulfil the desires of the public, and to make their products and speeches as pleasing as possible to consumers and voters. Curtis questions the intentions and origins of this relatively new approach to engaging the public.

Where once the political process was about engaging people’s rational, conscious minds, as well as facilitating their needs as a group, Stuart Ewen, a historian of public relations, argues that politicians now appeal to primitive impulses that have little bearing on issues outside the narrow self-interests of a consumer society.

The words of Paul Mazur, a leading Wall Street banker working for Lehman Brothers in 1927, are cited: “We must shift America from a needs- to a desires-culture. People must be trained to desire, to want new things, even before the old have been entirely consumed. Man’s desires must overshadow his needs.

In part four the main subjects are Philip Gould, a political strategist, and Matthew Freud, a PR consultant and the great-grandson of Sigmund Freud. In the 1990s, they were instrumental to bringing the Democratic Party in the US and New Labour in the United Kingdom back into power through use of the focus group, originally invented by psychoanalysts employed by US corporations to allow consumers to express their feelings and needs, just as patients do in psychotherapy.

Curtis ends by saying that, "Although we feel we are free, in reality, we—like the politicians—have become the slaves of our own desires,” and compares Britain and America to ‘Democracity’, an exhibit at the 1939 New York World’s Fair created by Edward Bernays.

anonymous asked:

I'm really liking this blog, your posts are very engaging and informative! Your commentary about the socioeconomic conditions which gave rise to the McMansions reminded me of the large houses I've seen everywhere in Ireland built during the 90s 'Celtic tiger' boom, many of which were abandoned eerily half finished - is this a related phenomenon? What do you think of the architecture of these houses?

This is really fascinating! The “Celtic Tiger” boom ran parallel to the mortgage crisis in the USA, caused by the same factors: risky and downright criminal lending practices and the actions of the big banks and Wall Street leading up to the liquidity crisis that lit the fire of the Great Recession (but more on that later in its own post.) 

Abandoned tract homes and McMansions were really common right after the recession, however the blight here in the US has been somewhat mended since then, mostly through demolition rather than finishing the unfinished houses. 

Many residential developments were heavily invested in by venture capitalists and investment banks, such as Lehman Brothers, who fronted the initial capital to get the projects off the ground. When the meltdown happened in 2008, suddenly there was no more capital - not even enough to bulldoze the projects that were already underway. 

In 2014, The Atlantic ran an interesting article titled The Unfinished Suburbs of America in which it documented the issues associated with Stockton, California’s unfinished developments from the perspective of the homeowners who live on its boundaries. The term “recession ghost town” was flung about by overzealous media. 

This excellent photo essay documents the eeriness of unfinished exurbs and suburbs through aerial photography. The speculative housing bubble was the worst on the west cost of the US, but the east coast was also hit hard as well. 

I plan on doing a special post devoted to abandoned McMansions, so stay tuned!