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adkittur 's Library tagged transparency →  View Popular

28 Apr 09

Swine flu shows need for science, Obama says - 2008 Presidential Campaign Blog - Political Intelligence - Boston.com

  • That is why I have charged the White House Office of Science and Technology Policy with leading a new effort to ensure that federal policies are based on the best and most unbiased scientific information. I want to be sure that facts are driving scientific decisions – and not the other way around.



    As part of this effort, we’ve already launched a website that allows individuals to not only make recommendations to achieve this goal, but to collaborate on those recommendations; it is a small step, but one that is creating a more transparent, participatory and democratic government.
  • to create data and capabilities that fuel discoveries in tens of thousands of laboratories
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19 Mar 09

Pam Martens: Has a Comedian Just Saved America?

  • To be a fair marketplace, the trading price of stocks and bonds must represent the  composite wisdom of all market participants who have the same opportunity to ferret out information from public sources.  When trading is internalized at the big Wall Street firms (meaning they are allowed to match customer stock orders in-house), when they are able to create and clandestinely operate their own trading venues off the radar screens of the regulators, when they are able to create offshore vehicles like Structured Investment Vehicles to hide bets gone bad, there is no longer any composite wisdom.  There is only dumbed down information which the public possesses from CNBC and the superior information available to those operating inside the clandestine system.
10 Mar 09

Too big to fail? 5 biggest banks are 'dead men walking'

  • Berkshire Hathaway Chairman Warren Buffett , a revered financial guru and America's second wealthiest person after Microsoft Chairman Bill Gates , ominously warned that derivatives "are dangerous" in a February letter to his company's shareholders. In it, he confessed that he cost his company hundreds of millions of dollars when he bought a re-insurance company burdened with bad derivatives bets.



    These instruments, he wrote, "have made it almost impossible for investors to understand and analyze our largest commercial banks and investment banks . . . When I read the pages of 'disclosure' in (annual reports) of companies that are entangled with these instruments, all I end up knowing is that I don't know what is going on in their portfolios. And then I reach for some aspirin."

18 Sep 08

Obama comes out swinging - How the World Works - Salon.com

  • Wall Street institutions using borrowed money to bet on financial products so complex that, to this day, few people understand how they work, or what the consequences of their imploding value will be. Stronger capital requirements and increased transparency are recommendations you can hear from many critics of Wall Street who labor within the belly of the beast.
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