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August 25, 2010

Housing crisis yeilds not one prosecution of a banker

Counterpunch: Mike Whitney: The Housing Holocaust
Don't look now, but someone just pushed the housing market off a cliff. The National Association of Realtors announced on Tuesday that the sales of existing homes fell a staggering 27.2 per cent to a seasonally adjusted rate of 3.83 million units. This is the lowest number of sales since 1995. ... It's been four years since problems with subprime mortgages triggered the deepest slump since the Great Depression. Still, housing has yet to find a bottom. $6 trillion in home equity has been wiped out, leaving baby boomers scrambling to make up for lost wealth so they can add to their battered retirement savings. Foreclosures have exceeded 300,000 for 17 months in a row. 10 per cent of the population is presently subsisting on foodstamps and handouts. The unemployment lines have lengthened in every city and town across the country. The shelters are full, the food banks are empty, and the economy is flat on its back. And, yet, not one banker has been indicted, prosecuted, arrested, convicted or sent to prison. Where's the justice? Today's bleak housing numbers are not the result of a "cyclical downturn", but of a crime perpetrated on the American people. There must accountability. Someone's gotta pay!

The Secret of the Shortwave Numbers Stations

The Conet Project - Recordings of Shortwave Numbers Stations [ird059] : Free Download & Streaming : Internet Archive
For more than 30 years the Shortwave radio spectrum has been used by the worlds intelligence agencies to transmit secret messages. These messages are transmitted by hundreds of Numbers Stations. Shortwave Numbers Stations are a perfect method of anonymous, one way communication. Spies located anywhere in the world can be communicated to by their masters via small, locally available, and unmodified Shortwave receivers. The encryption system used by Numbers Stations, known as a one time pad is unbreakable. Combine this with the fact that it is almost impossible to track down the message recipients once they are inserted into the enemy country, it becomes clear just how powerful the Numbers Station system is. These stations use very rigid schedules, and transmit in many different languages, employing male and female voices repeating strings of numbers or phonetic letters day and night, all year round. The voices are of varying pitches and intonation; there is even a German station (The Swedish Rhapsody) that transmits a female child's voice! One might think that these espionage activities should have wound down considerably since the official end of the cold war, but nothing could be further from the truth. Numbers Stations (and by inference, spies) are as busy as ever, with many new and bizarre stations appearing since the fall of the Berlin wall. Why is it that in over 30 years, the phenomenon of Numbers Stations has gone almost totally unreported? What are the agencies behind the Numbers Stations, and why are the eastern European stations still on the air? Why does the Czech republic operate a Numbers Station 24 hours a day? How is it that Numbers Stations are allowed to interfere with essential radio services like air traffic control and shipping without having to answer to anybody? Why does the Swedish Rhapsody Numbers Station use a small girls voice? . . .