Best white collar crime true accounts according to redditors
We found 143 Reddit comments discussing the best white collar crime true accounts. We ranked the 43 resulting products by number of redditors who mentioned them. Here are the top 20.
We found 143 Reddit comments discussing the best white collar crime true accounts. We ranked the 43 resulting products by number of redditors who mentioned them. Here are the top 20.
I don't know about that. There's been a few statistical studies suggesting that insider trading is really common (trading volume in stocks tends to go up right before a major announcement).This book does a deep dive into one case of trading that actually got exposed and prosecuted, but the author suggests that it flies under the radar a lot of the time.
​
Honestly I think there's a "right" way to do insider trading, and Mychal Kendricks just didn't know it.
Sending money somewhere else isn’t inherently bad. The problem, described by the interesting book Moneyland, is that money flows more easily than information or laws. Some countries purposefully make it hard to find who owns what company or organization.
Another good book about this is The Hidden Wealth of Nations: The Scourge of Tax Havens.
Hijacking top comment here to have everyone see the actual reference to Watergate: Exposed
If you want to read a book that will blow your hair back read The Panama Papers by the two German journalists that broke the story. Its fascinating stuff. Jackie Chan was found to have at least 6 hidden offshore companies in the book where he stashes all his money.
Also the book about the watergate burglars is called Watergate Exposed just like in the screenshot.
They don't even care then, see:
https://www.amazon.com/No-One-Would-Listen-Financial/dp/0470919000
The reality is that there are not enough prosecutors (by an order-of-magnitude) to effectively police this stuff. So violent crime gets the priority.
If I was the wife I would be strongly against that kind of division. Cashing out cryptocurrencies for real US dollars in your pocket can be incredibly difficult or impossible. I say "real dollars" as opposed to "numbers on some shady unregulated exchange's database", where the exchange says withdrawals are currently disabled due to a software bug but we'll totally have them working again next month. Because that kind of thing has happened multiple times in the past, with exchanges who ended up either running away with all their customers' money or losing the money in a hack and trying to cover it up. See (1) (2)
Read this guy's book, it's pretty good. He describes bitcoin exchanges as "keep[ing] your money in a sock under someone else's bed".
About a year ago, I read a book on Enron A conspiracy of Fools, fantastic book by the way, and it went into pretty good detail about exactly how Enron was messing with the Californian energy markets. It was absolutely disgusting. Straight out illegal.
Here's an example (this is just one of many, named scams they had. Naming them was partly what got them busted.):
They found out the energy brought into California from out of state was paid for by the state at a much higher rate. So Enron produced energy in CA, ran it on a loop out of the state and back in again - and charged the higher price.
Another scam: Enron discovered that during peak-energy volume times of the day, that the state could cancel energy transfers of a B2B nature in favour of allowing the consumer energy market to function. They would be paid huge compensation for every energy transfer they were asked to cancel. So during peak times, Enron would schedule loads of completely fake transfers (that were NEVER going to take place) and then the state would ask them to cancel the transfers - and in the process, pay them huge compensation for doing so.
The list went on - they just had scam after scam after scam. What Enron did to the people of CA should NEVER be forgotten.
Not least of which, because if you think Enron were the only ones doing it - you're certifiably wrong. Further - I have no doubt that big companies are STILL doing all kinds of scams, so long as they believe they can get away with it. Or if they believe the risk vs reward of doing it and getting caught occasionally still justifies the reward.
The comment I was going to reply to has magically vanished before I got a chance to reply (it had +3 at the time so I don't know if the user deleted it or a mod) so now I guess I'm doing a top level comment now.
Obviously what happened / is still happening to ZQ is messed up and if this is in fact about her that would be very distasteful, but at the moment I'm a bit skeptical it's a GG reference for a couple reasons.
From the deleted comment (and I've seen this floating around in other places a well):
> Five Fun Guys = Five Fungi = Five Mushrooms.
Also Shufflegate: Exposed could be based on the book Watergate Exposed.
In addition to this someone posted more screens that supposedly further hint at it being a Watergate reference but I don't know enough about it to know what it's referencing exactly other than the whole "let's keep it a secret" sentiment. Anyone more knowledgeable able to shine a light on this?
Looking for more opinions on this from a non-GG perspective since many of the rebuttals are from gators but the statements themselves seem to make sense upon looking into them. Anyone have more info?
In theory bitcoin is perfect, we only have technical problems we need to solve to take off.
Snapshots:
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Twitter's @klara_sjo just posted these.
https://archive.is/sLPng
> The next panels that Zoe Quinn didn't show that prove it's a Watergate reference. Gotta love drama out of nothing
Pics:
https://sli.mg/a/gJlpnM
and the book, Watergate Exposed
https://www.amazon.com/Watergate-Exposed-President-Burglars-Original/dp/193629611X
He's a really cool dude. He wrote this book, and I had the pleasure to hear him speak. He recalls being afraid for himself and his family in the years leading up to the arrest. He asked the small town police force to check in on his house, and they used to drive by often. He was a huge library supporter, and very down to earth and generous. He also had a bottle of water during his speaking engagement that turned out to be gin!
Arrogance and Accords is the tale of the largest commercial corruption case in U.S. history. Between 1994 and 1997, eighteen former executives of American Honda Motor Company, along with four other people, were convicted on federal fraud and racketeering charges. Over a 15-year period, the gang of greedy Honda officials had received over $50 million in cash and gifts from automobile dealers eager to obtain additional hot-selling Honda cars and franchises. The ill-gotten booty included briefcases stuffed with up to $750,000 in cash, palatial homes, luxury German automobiles, secret ownerships in dealerships, and Hong Kong shopping sprees.
When the auto market softened in the early 1990s, the high-rolling officials, led by Honda's charismatic national sales manager, switched to embezzling money from the corporation. Honda belatedly fired the officials in 1992 and kept the scandal under wraps - until a small-town Assistant U.S. Attorney decided to investigate.
Arrogance and Accords is both a true-crime story and a look inside one of the world's most respected companies. It details the key characters and their shady deals, along with the internal and FBI investigations, and reveals the corporate culture that allowed the pandemic payola to flourish for so long.
Written by Steve Lynch, a former top Honda marketing executive, Arrogance and Accords is an insightful, often hilarious story of greed, ignored whistle-blowers, unethical lawyers, and the raucous federal trial of two of the Honda managers who decided to fight the charges.
https://www.amazon.com/Arrogance-Accords-Inside-Story-Scandal-ebook/dp/B01E7LKSVS/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
I know I'm overshilling this, but our own /u/dgerard has written a book on this which I think should be a "beginners guide".
I've been here long enough to get the insider baseball, but I still got a load of mileage of it, so try it.
Feel free to ask any questions though, there's a lot to unpack for all of us.
From the wiki article on Watergate:
>The affair began with the arrest of five men for breaking and entering into the DNC headquarters at the Watergate complex on Saturday, June 17, 1972.
Also, this is a thing, as someone else pointed out. No one has ever said "Gamergate: Exposed!" in a headline.
I'd say it could still go either way, but I wouldn't say it's obvious.
Someone just needs to adapt /u/dgerard's book in to a documentary.
Moneyland is a new book about how the rich are living in sort of a shadow society without rules or regulations. They steal from everyone and use their wealth to keep the money and themselves out of trouble.
>...and the rich can move to another country quickly with a good percentage of their money
It's adorable that you think their money even resides in the United States to begin with. There's a good book coming out soon about this called "Moneyland" (and the author was just on an episode of Planet Money).
See also (The title comes from a Comey quote btw.)
Dude there is no way it's a coincidence. It absolutely is related to watergate...
http://i0.wp.com/c1.staticflickr.com/8/7134/27086893144_60e9a4be08_z.jpg?resize=585%2C323&ssl=1
https://www.amazon.com/Watergate-Exposed-President-Burglars-Original/dp/193629611X
There's a few nice books on the topic (anonymity, how 4chan ended up keepin the anon system, how long term users saw much less homophobia and racism than new acceptance for things they never had been exposed to). I was on 4chan for a little while. Can't remember other author names but I find the take of Parmy Olson to be very close to how the thing felt. She's presenting the history of 4chan as a total outsider, but she did do the research, and she makes the whole Poole/Anonymous/LulzSec thing sound like a nice suspens story. It's easy to read. It's still very, very much contemporary and it's very strange for me to call it history but it is and I don't know how people can use the internet without having at least some idea of what went on around 4chan (but they can I'm just being old).
If you're really interested in the Enron scandal, check out Conspiracy of Fools. It's written more like a narrative instead of a journalistic report like The Smartest Guys in the Room. If you read them both you'll know the whole thing inside and out.
There was an interview on Fresh Air about this yesterday. Jake Halpern wrote a book in which he investigates a debt collection agency and their practices, as well as current laws on the matter. Often, collection agencies continue trolling people for debt long after the statute of limitations and threaten people to pay up despite the fact that there's no legal obligation anymore and it is more than likely off their credit report by then. There are also cases in which a person will have paid off one agency and then receive calls from another agency about the same debt. The interview is here.
Excuse me, you haven't read the guide on how to write Buttcoin Cash (BCH, 💩).
https://www.reddit.com/r/btc/comments/6r40ex/interesting_observation_all_trolls_maximalists/dl2ezru/
See this example on how to write Buttcoin Cash (BCH, 💩): https://www.reddit.com/r/btc/comments/6r40ex/interesting_observation_all_trolls_maximalists/dl2f59z/
The correct way to refer to Buttcoin Cash (BCH, 💩) is Buttcoin Cash (BCH, 💩). Do not confuse Buttcoin Cash (BCH, 💩) with those other butts with a lowercase 'b'.
/u/trjb is right, limiting personal liability is one of the primary purposes of a corporation.
Having said that, individual officers and directors can be held liable for criminal and civil penalties. It's not common, largely because it's a huge pain in the ass to "pierce the corporate veil" of a well-funded defendant. Edit: also because you typically have to show intentional wrongdoing to get an executive, and that's also very difficult to prove in court.
Ken Lay is probably the prototypical example. Ironically, Lay is technically innocent today. Convictions aren't final until the defendant has had the opportunity to appeal them all the way up the chain. Lay died before he exhausted his final appeals, so would technically be considered an innocent man in the eyes of the law.
Here's a quick explainer: http://info.legalzoom.com/can-officer-corporation-held-personally-liable-20882.html
And here's a whole book about why it isn't more common: https://www.amazon.com/dp/B06XBZFQR2/
(Not an affiliate link. And I haven't read the book myself yet, but it's got good buzz in the legal community.)
nothing good. this space is 99% commercials and critics are heavily silenced by shills.
I guess this might be the most famous skeptical writing (but imo a bit too anti crypto, which isn't generally that bad). https://www.amazon.com/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581
> Cryptocurrency is not fiat alone. Rather, it's any technology built along the idea of decentralization.
Cryptocurrency is not "any technology built along the idea of decentralisation", Git or a Merkle tree are not cryptocurrency.
> The U.S. dollar is incredibly inflated. It is not backed by anything. The financial institutions are more aware of this than anyone.
The US dollar is quite functional, financial institutions are as invested in it and committed to it's future as ever.
> a total overhaul of our economic system.
9 years after it's creation, blockchain and cryptocurrency have no major practical implications worth investing vast amounts of your personal savings into, nor any on the horizon. It may one day have some small scale role internally for a few institutions (even that's doubtful), but it will absolutely not overhaul the economic system, nor replace the US dollar.
> However, with an understanding of how each technology works, you are able to make educated decisions with your investment
This book should form part of your education:
https://www.amazon.com/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581
> I encourage you not to simply dismiss this as another trend, and to explore the deeper connotations of cryptocurrency... This is a paradigm shift, I think, like none we have seen so far in our lifetimes.
I first bought bitcoin in 2011. I've been reading about it since, the more I learn the more sceptical I am of it's utility. I think cryptocurrency now is a worse investment than it's ever been, and only going to get worse.
https://www.amazon.com/Chickenshit-Club-Department-Prosecute-Executives/dp/1501121367/ref=nodl_
Not always.
Or, go read "The Spider Network" and you'll realize it's not based on market conditions.
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https://www.amazon.com/Spider-Network-Backstabbing-Greatest-Financial/dp/0062452983
Anonymous is/was a small group of highly skilled hackers, that were loosley organized together and somewhat activist or "hacktivist". They did some notorious hacks and denial of service attacks, and other cyber attacks. As well as being given hacked info that others did to help them and to distribute the hacked info. They were also known as LulzSec a group that existed before, though that name is less familiar than the iconic "Anonymous" and not all members of LulzSec moved over to the new group
They also popularized the use of the Guy Fawkes mask, commonly known from the dystopian movie V for Vendetta.
Most or all of the original members of the small group were eventually caught and charged with various crimes, with quite little fanfare, they were caught pretty solidly.
After this, many other groups, related or not to the original group have also taken the "anonymous" title and headline as their names or who they represent, and often perform similar acts to the original group
A good source for reading up more on the group, its origins, its people, and its begining, fall, and re-rise: We Are Anonymous by Parmy Olson
cheers! Preorders are up on Amazon too. (Available worldwide.) The current draft is kinder to Ethereum than previous drafts, but gets stuck into smart contracts a lot more. /u/vbuterin's comments over on /r/Buttcoin greatly improved the Ethereum section.
The Panama Papers is a pretty good read on how the super-wealthy are basically evading the law across the world.
Not about Obama specifically, but this book gives a good overview:
https://www.amazon.com/Chickenshit-Club-Department-Prosecute-Executives/dp/1501121367
Attack of the 50 foot blockchain by our own u/dgerard
You can find the paperback for sale here.
His blog can be found here.
David—anything you’d like to add so people can find your content?
> Huge Corporations that no one would imagine would ever fall, encouraged many investment firms to put huge amounts of their clients retirement funds into the company, only to be shocked when overnight the Corporation filed bankrupt and closed
Er, that happened in some cases, but in many cases it was caused by clearly illegal Ponzi schemes, con-artists, etc. Like Bernie Madoff.
Speaking of that worthless piece of trash, the book by Harry Markopolos, "No One Would Listen: A True Financial Thriller"
https://www.amazon.com/No-One-Would-Listen-Financial/dp/0470919000
Is a fascinating read. If I recall correctly, Madoff was at least partially responsible for that 2008 - 2009 meltdown of Wall Street - well, him, & the refusal of most so-called financial experts to see the huge problem with his scams.
Might also want to check these out - I just found them, & am looking forward to reading them:
http://www.npr.org/templates/story/story.php?storyId=124208012
https://www.theguardian.com/business/2010/mar/24/bernard-madoff-whistleblower-harry-markopolos
http://abcnews.go.com/US/bernie-madoff-sleuth-harry-markopolos-warns-ponzi-scams/story?id=36578436
Not sure if this is the report filed anonymously by Markopolos, but it lists multiple red flags which indicated the dishonesty of Madoff's schemes:
http://online.wsj.com/public/resources/documents/Madoff_SECdocs_20081217.pdf
Anyway, the past teaches us what to beware of in the future. False prophets are everywhere - in religion, Wall Street, politics, and more.
>So I really don't put to much weight on so-called experts on cults who say a cult will last forever, heck I don't even put that much weight on our expert weatherman, he's right only about 50% of the time.
>I wouldn't be surprised if WT fell overnight for some reason we never even anticipated.
I would LOVE to see that! Just not going to get my hopes up, because I don't like being disappointed.
Far less and far less informedly than /u/dgerard, who's written a book on the topic: Attack of the 50 Foot Blockchain.
My general sense is that Bitcoin (and cryptocurrencies in general) are the best educational programme on the benefits of central banking authority ever devised.
There are some potentially useful applications of blockchain, though I strongly suspect they're not in the area of cryptocurrencies. One that I'm exploring is th idea of a publicly-disclosed, auditable, PKI key regeneration or recovery system. I'm not sure that that's quite possible, but it may be, and could prove useful.
So did I... Using the Red Box to get free calls and then paperclip trick when the red box didn't work anymore.
If you haven't done so already... read this book:
https://www.amazon.com/Exploding-Phone-Untold-Teenagers-Outlaws-ebook/dp/B009SAV5W0/ref=sr_1_1?ie=UTF8&qid=1485567686&sr=8-1&keywords=phreaking
It's fantastic.
>Whole business model of crypto is to FOMO people into buying high and selling low. There is literally nothing you can do to predict whether the price is going up or down. It is pure gambling. If you want to gamble, go to Vegas. Gambling there is regulated and you odds of winning are much better than in crypto wild west.
>The best way to deal with FOMO is to understand that you can have FOMO about anything. Does FOMO of winning a lottery keep you up at night? I think not.
Seconded. FOMO is the core of all cryptocurrency speculation (and bubbles generally), but it's not unique to it.
The good news is this means almost all of the advice for dealing with other kinds of FOMO—like seeing other people's "better" lives on social media—works just as well for crypto.
Consider these articles on dealing with FOMO, mentally replacing "Facebook" with "crypto charts", "social events" with "investment opportunities", and "exciting experiences" with "easy 10x gains":
https://www.psychologytoday.com/blog/stronger-the-broken-places/201501/10-ways-overcome-fear-missing-out
https://lifehacker.com/how-can-i-overcome-my-fear-of-missing-out-1148725866
For some more direct advice on defeating crypto FOMO, I highly recommend reading Attack of the 50 Foot Blockchain ($5 on Kindle, link is the author's referral link, not mine).
A lot of it is basically about why the underlying economics is nonsense, which you've already figured out based on your post, but chapters 4 and 8 were what killed any remaining jealousy I had over the people who actually did buy Bitcoin ten years ago.
Basically, it made me realize two important things. First, many of those hypothetical gains aren't real. They're just numbers on a screen until you actually cash out. And cashing out is significantly harder than it seems. So when someone shows me a chart saying I could have turned a few hundred US Dollars into a pile of Bitcoin worth tens of thousands of USD Tethers, I know that their numbers aren't fully reflective of what I would actually be seeing in real-world cash gains right this moment.
Second, the ease and frequency of scams, hacks, user error, and general malfeasance means that the raw numbers don't reflect the actual risk. Let's say I had a bunch of Bitcoin in 2010. Well, I probably would have had in Mt. Gox, like most people who were doing anything other than sitting on a cold wallet. And then I would have lost them when Mt. Gox got hacked and shut down. Whee.
And if not Mt. Gox? Between 2010 and 2016, a third of all exchanges had been hacked and almost half had closed. Who cares that my original "investment" nominally goes up 10x if I lose 90% of it in the meantime?
I'm pretty smart, but I'm not psychic; I would be fooling myself to think I would have cleverly avoided all the bad options and only taken the precise actions that would have let me navigate the field of scammers and hackers and successfully cash out with my entire wallet intact over the span of eight years. So what am I actually "missing out" on?
Longer version can be found in the book Moneyland. It’s worth the read, definitely will make your blood boil a bit.
The spider network
I prefer Comey's highlights in The Chickenshit Club
Archives for links in comments:
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That's the problem with modern society. Everyone just sort of floats from 1 eye popping tabloidy headline to the next. Just sort of "surfing" on the shallow/superficial surface from 1 controversy to the next. Everyone wants the "thrill" .. but nobody wants to do the actual work to legitimately fix things.
Nobody ever sticks with it or deep-dives to track/follow or effectively educate themselves:
Sorry,.. I gotta go.. don't have time for that. There's a new trend popping up hot on Instagram !!... /sarcasm
The criminal justice system in the United States has become profoundly corrupt.
https://www.amazon.com/Licensed-Lie-Exposing-Corruption-Department-ebook/dp/B00KQ5EDA2
https://www.amazon.com/Black-Edge-Inside-Information-Wanted/dp/0812995805
Ha, I knew right away from the title this was about Sabu. Everyone who hasn't should read We are Anonymous if you are at all interested in the rise and fall of anonymous and lulzsec. Sabu plays a pivotal role in the events that unfold, eventually culminating with his arrest and subsequent informing.
> While obama was ruining the country,
With all the billions of free taxpayer cash he gave the bankers the bankers were able to build far better homes for themselves than what Jimmy Carter could have done.
Personally, I think they belonged in jail making shivs for themselves.
Awesome, thanks for posting the quotes. I really should read the whole thing.
If I may add a couple of additional sub-topics for discussion:
>Carder-pretending-to-be-Anon: Hey, let's all DDoS this bank website in support of Occcupy Wall Street!
>Anons: *DDoS bank website
>Carder: *chuckles Lol, dumb skiddies! *hacks in while bank is distracted by DDoS, steals customer information
>Bank: We've been DDoS'd and hacked by Anonymous!
>LE: Anons, you're under arrest!
>Anons: But it was a social protest!
>Carder: *Heh heh *enjoys $$$$$$*
Should the Anons have any liability for being gullible skiddies?
I would really recommend reading the book 'Bad Paper: Chasing Debt from Wall Street to the Underworld' it may not help your situation but at the very least it will help you understand why and how this happens.
It blew my mind and also helped me decide to never ever again be in debt to anyone for anything. The only book I have ever rated 5 stars.
http://www.amazon.com/Bad-Paper-Chasing-Street-Underworld/dp/0374108234
https://www.amazon.com/Panama-Papers-Breaking-Story-Powerful/dp/1786070472
Also read:
https://www.amazon.de/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581
​
Read [this] (http://www.amazon.com/We-Are-Anonymous-LulzSec-Insurgency/dp/0316213527) book if you get a chance.
The book "No One Would Listen" was written by Markopolos himself. I'll admit though, I have a degree in Economics and some of the Wall Street products he would talk about would slow me down to look up certain investing terms. Needless to say, you will learn a lot about how Wall Street works and why federal agencies like the SEC are full of chodes.
Parmy Olson - We Are Anonymous: Inside the Hacker World of LulzSec, Anonymous, and the Global Cyber Insurgency (2013)
https://www.amazon.com/We-Are-Inside-LulzSec-Insurgency/dp/0316213527
Herp derp...
Please read http://www.amazon.com/Art-Steal-Yourself-Business-Americas/dp/0767906845/ref=sr_1_2?ie=UTF8&qid=1319495944&sr=8-2
Damn you Wohlfe -I now have to spend money!
I've got the Mitnick books, and the first one.
Have a look at The art of the Steal
Recognise the author?
These guys are a bunch of idiots! Seriously, 4chan is someone? Not only that but password app? Really? Even before I took cybercrime I knew it wasn't something so simple as a app. They are the worst at explaining how someone gets hacked. There are many many ways to get into someones account. Social engineering is the best way than to just guess someones password. They should really read We are anonymous or even look up how people found out they got hacked when a white hat hacker told them how they did it.
The game of telephone that powers gamergate is already spinning up, I see. Watergate Exposed (not Watergate: Exposed) is a book, not a documentary.
A book from 2011 that is not especially important. And if they are deliberately referencing it, it's probably the most obscure reference Nintendo has ever made.
Also, note how the subtitle refers to the "Watergate Seven", but that little tidbit doesn't reinforce your gaslighting, so it goes ignored.
NPR Reported on 'Bad Paper" most people don't understand it's literally felons with phones trying to bully you into paying debts that are frequently out of the statute of limitations or possibly even paid off. The record-keeping is terrible.
Attack of the 50 Foot Blockchain.
https://www.amazon.com/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581.
It does not matter how mature smart contract platform is, if even creator of Solidity programming language cannot write a secure multisig wallet in Solidity. https://twitter.com/SatoshiLite/status/887781929726038016.
>be c'e' stata un esplosione atomica in merito a NodeJS e in genere Javascript lato server
Però questo è difficile da collocare con una data, comunque già nel 2011 javascript lato server andava forte, almeno così ricordo.
>HTTP2 integrato totalmente nei browser piu' famosi
Non so cosa sia, dopo guardo.
>Bitcoin sta avendo anni tumultuosi
Di bitcoin ho messo di Mt.Gox e di Ethereum della sua creazione. In questi giorni ho già letto un po' di cose sul funzionamento dei bitcoin e della blockchain, ieri fra l'altro è uscito questo libro pubblicizzato su /r/buttcoin:
https://www.amazon.com/dp/B073CPP581
I learned, which I know sounds like a cop-out answer.
If you want to understand the markets, learn psychology. You will be surprised by how emotions drive people buying and selling stocks. Here is a great example from the movie Trading Places. Honestly that movie gets a lot of things right, this is another great scene in the movie.
Being able to learn and being able to be wrong. Everyone says this but if you hate Trump I would ask you what are the good things Trump has done. Same thing if you hate Obama, I would ask you what good things he had done. I would give you a few days to come up with some answers. How many people do you know that would never say a good thing about either one? Realizing you are wrong and being able to learn why you were and improve is something that most people will avoid. People will rather choose to believe they are right they learn that they are wrong and learn what is the right answer.
17.When I employ people as advisors, I will occasionally listen to their advice.. Rules for an evil overlord. Rather obvious but listen to peoples advice but always be cautious. It is usually best to be able to read their advice and look at it logically. Compare it to other people advice as well.
If you liked the movie "The Big Short" I would suggest "No One Would Listen". It is about a quant trying to warn the SEC about the Bernie Madoff Ponzi scheme.
Yes, it's as simple as that. For regular landline telephones of course. Because there's no data channel, there has to be a way for the consumer to tell(signal) the central office that the phone line needs connected to where they are trying to reach.
For years, the connections between central offices were also using a similar system to communicate between their electronic systems, ie their "switches" as they were called.
There was even a large community of people who took advantage of how the system worked to obtain free phone calls. They were called phreakers.
https://en.m.wikipedia.org/wiki/Blue_box
For a fascinating read about the early years of phreaking see
Exploding the Phone: The Untold Story of the Teenagers and Outlaws who Hacked Ma Bell https://www.amazon.com/dp/B009SAV5W0/ref=cm_sw_r_cp_apa_.uV9Bb9Y40GGD
I've met the author. A key takeaway which he leaves out is that despite changes to the telephone systems that happened in the 80s, clever methods existed that allowed these same concepts to work well into the 2000s. And this doesn't include what's possible with VoIP.
https://www.amazon.co.uk/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581
>Didn't GOP campaigns commission and/or pay for the Steele memo?
The financing is still murky, but they seem to implicate both parties.
>It wasn't just something that could have been on the market, it was actually purchased on the market. If so, it's a strong example of oppo being a thing of value under the proposed market test.
That is right, but first, it was a purchase. Are market exchanges contributions? I don't think so. But even if it was not purchased, and was contributed, it would broaden the definition of a 'ToV' to a degree where I do think it starts to infringe on freedom of political speech. Hence why it would be absurd to include things of this nature under election finance law.
>Maybe. I take a less conspiratorial view, I think it would just be too expensive and difficult to prosecute.
I don't actually think that there is a conspiracy not to prosecute in order to protect the political class. I think the decision is reached independently that it would not be desirable thing to pursue because of structural reasons. It can be explained through coordination games where 3 conditions are met. One particular combination of strategies will lead to an outcome everyone involved considers best, everyone knows it, and everyone knows that everyone knows it. There is empirical research that coordination without communication can be successful even if the outcome is not considered best by any of the participants.
>Speaking of which, I just picked this up. Haven't read it yet, but I've heard good things: https://www.amazon.com/dp/B06XBZFQR2/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Looks really good, adding it to the list. Thanks for the recommendation.
It's not my opinion it's fact. This book does a great job of telling the whole story. I totally recommend it.
Anyone remotely interested in this topic must read Exploding the Phone, by Phil Lapsley - a truly monumental effort to document this era in history.
This is tangentially related, but you might enjoy this book if you haven't read it already.
https://www.amazon.com/Chickenshit-Club-Department-Prosecute-Executives-ebook/dp/B06XBZFQR2
Cheers.
> Enron: The Smartest Guys in the Room
I love that documentary. I've probably watched it 100 times. Read the book if you haven't, but Eichenwald's book Conspiracy of Fools is even better.
Please read attack of the 50 foot blockchain if you'd like to read why investing in bitcoin is a bad idea
https://www.amazon.com/dp/B073CPP581
Chinese miners "print" about a million dollars a day out of nowhere using government subsidized electricity. This is not a substainable model and will pop
I just finished this book over the weekend. It's an eye opener.
https://www.amazon.com/Panama-Papers-Breaking-Story-Powerful-ebook/dp/B06X9QPDN2
After the financial crisis I read as much as I could about the subject, I read "All the Devils are here", The Big Short, Too big to fail, Crash of the Titans, The Chicken Shit club and many others. So I'm well aware of the culpability of the ratings agencies. But that doesn't excuse the big banks or their actions like you seem to be implying. The banks knew that the MBSs were stuffed with dog shit subprime loans, yet they also knew by getting a CDO from AIG they could get a Triple A rating. They deliberately gamed the system so individual bankers could make huge short term profits selling MBSs. Yeah, Moody's, Fitch, and Standard and Poor's were incredibly corrupt, but who was corrupting them? The big banks that were paying them. The Big Banks were not innocent players, who naively saw a short term advantage that they could use. They were an active participant, they gamed the system, then paid off the referees.
On your second point, I agree, the financial recession wasn't caused by bankers being malicious or evil, but I do think it was caused by short term greed, and willful ignorance. A see no evil, hear no evil, let's not rock the boat, while a good thing lasts greed.
"The Chickenshit Club" by Jesse Eisinger and "The Hellhound of Wall Street" by Michael Perino are two of my favorites.
Yeah, chickenshit reasoning.
Go read the Holder memo.
It's the Department of Justice, not the Department of Justice When It's Easy.
Fraud is always illegal.
Here's a good book about bitcoin:
https://www.amazon.com/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581
"Millenials" isn't just your average crowd on reddit. We're talking about current society. If you care to read enough on how more and more sophisticated networks form and how the current generation is increasingly reaping the the benefits of a growing wealth gap, there's a lot of literature out there. You can start here https://www.amazon.com/Secrecy-World-Investigation-Illicit-Networks-ebook/dp/B072581MFP/ref=sr_1_1?ie=UTF8&qid=1536260552&sr=8-1&keywords=secrecy+world Things like offshore banking, which is what a ton of developing country tycoons leverage, sends their kids to prestigious universities and form closed networks. The parents made it through hard work or shady work, but the kids don't go thru the same grind; infact, they take full advantage of the system. Case in point: See Bo Guagua