From: lynn@garlic.com (Lynn Wheeler) Date: 16 Feb, 2012 Subject: New theory of moral behavior may explain recent ethical lapses in banking industry Blog: Google+re:
a little about some of the behavior
http://nypost.com/2007/03/20/cramer-reveals-a-bit-too-much/
Mystery predators may have contributed to fiscal collapse in 2007: research
http://www.physorg.com/news/2011-12-mystery-predators-contributed-fiscal-collapse.html
and The Man Who Beat The Shorts
http://www.forbes.com/forbes/2008/1117/114.html
and a little more about records that might show what goes on
https://web.archive.org/web/20080728143102/https://en.wikipedia.org/wiki/Depository_Trust_&_Clearing_Corporation
Also, in the wake of Enron and Worldcom ... congress passed
Sarbanes-Oxley in attempt to prevent such egregious manipulation of
the market. However, possibly because GAO also didn't think SEC was
doing anything (SOX doesn't do much good if SEC isn't doing anything)
... it started doing reports of problem/fraudulent public company
financial filings that showed uptic even after SOX:
https://www.gao.gov/products/gao-06-1079sp
We had been brought in to consults with small client/server startup that wanted to do payment transactions on their server, they had also invented this technology called "SSL" they wanted to use; the result is frequently now called "electronic commerce". Somewhat as a result, in the mid-90s we were invited to participate in the x9a10 financial standard working group which had been given the requirement to preserve the integrity of the financial industry for all retail payments. Somewhat as a result of that, I was asked in to NSCC (before they merged with DTC) to look at improving the integrity of the exchange trading transactions. After working on it for awhile, I was told it was being suspended because of a side-effect of the improved integrity would be greatly improved transparency and visibility (which appears to be antithetical to trader culture).
Note also in the congressional Madoff hearings, the person that had tried unsuccessfully for a decade to get SEC to do something about Madoff was asked if new regulations were needed. His reply was that while new regulations might be needed, much more important was transparency and visibility.
Lloyd Blankfein's the Wrong Spokesman for Gay Rights
http://www.rollingstone.com/politics/blogs/taibblog/blankfein-the-wrong-spokesman-for-gay-rights-20120214
from above:
In fact, in most every state in America, some major institutional
investor, union, pension fund, or shareholder is either suing Goldman,
Sachs or Blankfein for unethical business practices, or actively
protesting the bank's extreme greed and seeming disregard for
the well-being of ordinary people.
... snip ...
misc. past posts mentioning The Man Who Beat The Shorts
https://www.garlic.com/~lynn/2008q.html#68 Obama, ACORN, subprimes (Re: Spiders)
https://www.garlic.com/~lynn/2008q.html#69 if you are an powerful financial regulator , how would you have stopped the credit crunch?
https://www.garlic.com/~lynn/2008r.html#36 Blinkenlights
https://www.garlic.com/~lynn/2008r.html#64 Is This a Different Kind of Financial Crisis?
https://www.garlic.com/~lynn/2008r.html#67 What is securitization and why are people wary of it ?
https://www.garlic.com/~lynn/2008s.html#9 Blind-sided, again. Why?
https://www.garlic.com/~lynn/2008s.html#18 What next? from where would the Banks be hit?
https://www.garlic.com/~lynn/2008s.html#20 Five great technological revolutions
https://www.garlic.com/~lynn/2008s.html#23 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2008s.html#35 Is American capitalism and greed to blame for our financial troubles in the US?
https://www.garlic.com/~lynn/2008s.html#55 Is this the story behind the crunchy credit stuff?
https://www.garlic.com/~lynn/2009.html#14 What are the challenges in risk analytics post financial crisis?
https://www.garlic.com/~lynn/2009.html#42 Lets play Blame Game...?
https://www.garlic.com/~lynn/2009.html#52 The Credit Crunch: Why it happened?
https://www.garlic.com/~lynn/2009.html#73 CROOKS and NANNIES: what would Boyd do?
https://www.garlic.com/~lynn/2009b.html#1 Are Both The U.S. & UK on the brink of debt disaster?
https://www.garlic.com/~lynn/2009b.html#37 A great article was posted in another BI group: "To H*** with Business Intelligence: 40 Percent of Execs Trust Gut"
https://www.garlic.com/~lynn/2009b.html#52 What has the Global Financial Crisis taught the Nations, it's Governments and Decision Makers, and how should they apply that knowledge to manage risks differently in the future?
https://www.garlic.com/~lynn/2009b.html#53 Credit & Risk Management ... go Simple ?
https://www.garlic.com/~lynn/2009b.html#54 In your opinion, which facts caused the global crise situation?
https://www.garlic.com/~lynn/2009b.html#73 What can we learn from the meltdown?
https://www.garlic.com/~lynn/2009b.html#78 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#39 'WHO IS RESPONSIBLE FOR THE GLOBAL MELTDOWN'
https://www.garlic.com/~lynn/2009c.html#61 Accounting for the "greed factor"
https://www.garlic.com/~lynn/2009c.html#65 is it possible that ALL banks will be nationalized?
https://www.garlic.com/~lynn/2009d.html#37 NEW SEC (Enforcement) MANUAL, A welcome addition
https://www.garlic.com/~lynn/2009d.html#62 Is Wall Street World's Largest Ponzi Scheme where Madoff is Just a Poster Child?
https://www.garlic.com/~lynn/2009d.html#73 Should Glass-Steagall be reinstated?
https://www.garlic.com/~lynn/2009d.html#77 Who first mentioned Credit Crunch?
https://www.garlic.com/~lynn/2009e.html#8 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009e.html#23 Should FDIC or the Federal Reserve Bank have the authority to shut down and take over non-bank financial institutions like AIG?
https://www.garlic.com/~lynn/2009f.html#31 What is the real basis for business mess we are facing today?
https://www.garlic.com/~lynn/2009f.html#38 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#49 Is the current downturn cyclic or systemic?
https://www.garlic.com/~lynn/2009f.html#53 What every taxpayer should know about what caused the current Financial Crisis
https://www.garlic.com/~lynn/2009g.html#27 Flawed Credit Ratings Reap Profits as Regulators Fail Investors
https://www.garlic.com/~lynn/2009h.html#25 The Paradox of Economic Recovery
https://www.garlic.com/~lynn/2009h.html#29 Analysing risk, especially credit risk in Banks, which was a major reason for the current crisis
https://www.garlic.com/~lynn/2009h.html#49 IBM to Build Europe, Asia 'Smart Infrastructure'
https://www.garlic.com/~lynn/2009i.html#60 In the USA "financial regulator seeks power to curb excess speculation."
https://www.garlic.com/~lynn/2009j.html#35 what is mortgage-backed securities?
https://www.garlic.com/~lynn/2010c.html#34 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010c.html#48 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010l.html#38 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010p.html#43 WikiLeaks' Wall Street Bombshell
https://www.garlic.com/~lynn/2011d.html#26 The first personal computer (PC)
https://www.garlic.com/~lynn/2011d.html#28 The first personal computer (PC)
https://www.garlic.com/~lynn/2011k.html#56 50th anniversary of BASIC, COBOL?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 17 Feb, 2012 Subject: Spontaneous conduction: The music man with no written plan Blog: Boyd Strategyre:
another different
A Neuroscientist Debunks the Myth of Musical Instinct
http://www.theatlantic.com/entertainment/archive/2012/02/a-neuroscientist-debunks-the-myth-of-musical-instinct/253125/
and more recent news items
Augmented play helps children with autism
http://www.sciencedaily.com/releases/2012/02/120216111229.htm
More Than Human? The Ethics of Biologically Enhancing Soldiers
http://www.theatlantic.com/technology/archive/2012/02/more-than-human-the-ethics-of-biologically-enhancing-soldiers/253217/
A thread in google+ where I raise nature/nuture issue with respect to
unethical behavior in the financial industry (a number of articles
about financial industry culture encourages unethical behavior &/or
attracts sociopaths/psychopaths )
https://plus.google.com/u/0/102794881687002297268/posts/6vknTW3SRX8
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 17 Feb, 2012 Subject: Occupy the SEC (Securities & Exchange Commission) Blog: FacebookOccupy the SEC (Securities & Exchange Commission)
Recent post about Dodd's SOPA crusading
https://www.garlic.com/~lynn/2012.html#72
references item from "Confidence Men" about Dodd having gutted Volcker
Rule. Also reference in "Age of Greed" about Dodd being "Friend of
Angelo" ... Angelo #1 on Time's list of those responsible for current
financial crisis ... recent reference to time article:
https://www.garlic.com/~lynn/2012b.html#95
other posts mentioning "Confidence Men" and/or "Age of Greed":
https://www.garlic.com/~lynn/2011p.html#67 The men who crashed the world
https://www.garlic.com/~lynn/2011p.html#70 No One Telling Who Took $586B in Fed Swaps
https://www.garlic.com/~lynn/2011p.html#73 A question for the readership
https://www.garlic.com/~lynn/2011p.html#74 Derivatives and free trade
https://www.garlic.com/~lynn/2011p.html#79 Financial Crimes Bedevil Prosecutors
https://www.garlic.com/~lynn/2011p.html#83 Heading For World War III | Gerald Celente Trends Blog
https://www.garlic.com/~lynn/2011p.html#88 Fed Report Finds Speculators Played Big Role in Housing Collapse
https://www.garlic.com/~lynn/2011p.html#91 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2011p.html#109 Zombie Banks
https://www.garlic.com/~lynn/2011p.html#110 Loan Originators
https://www.garlic.com/~lynn/2011p.html#111 Matt Taibbi with Xmas Message from the Rich
https://www.garlic.com/~lynn/2011p.html#132 Yes Virginia, Electronic Signatures Are Legal
https://www.garlic.com/~lynn/2012.html#3 We are on the brink of a historic decision [referring to defence cuts]
https://www.garlic.com/~lynn/2012.html#17 What's your favorite quote on "accountability"?
https://www.garlic.com/~lynn/2012.html#21 Zombie Banks
https://www.garlic.com/~lynn/2012.html#30 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
https://www.garlic.com/~lynn/2012.html#31 Who originated the phrase "user-friendly"?
https://www.garlic.com/~lynn/2012.html#37 Romney's Opponents Intensify Attacks as Voting Nears
https://www.garlic.com/~lynn/2012.html#40 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
https://www.garlic.com/~lynn/2012.html#44 Who originated the phrase "user-friendly"?
https://www.garlic.com/~lynn/2012.html#45 You may ask yourself, well, how did I get here?
https://www.garlic.com/~lynn/2012.html#47 Avoiding a lost decade
https://www.garlic.com/~lynn/2012.html#48 Fed's image tarnished by newly released documents
https://www.garlic.com/~lynn/2012.html#57 The Myth of Work-Life Balance
https://www.garlic.com/~lynn/2012.html#62 Railroaded
https://www.garlic.com/~lynn/2012.html#70 Regulatory Agency logo
https://www.garlic.com/~lynn/2012.html#77 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
https://www.garlic.com/~lynn/2012.html#79 Bain: A consulting firm too hot to handle? (Fortune, 1987)
https://www.garlic.com/~lynn/2012.html#87 The PC industry is heading for collapse
https://www.garlic.com/~lynn/2012.html#92 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012.html#95 Can anyone offer some insight
https://www.garlic.com/~lynn/2012b.html#12 Sun Tzu, Boyd, strategy and extensions of same
https://www.garlic.com/~lynn/2012b.html#19 "Buffett Tax" and truth in numbers
https://www.garlic.com/~lynn/2012b.html#29 The speeds of thought, complexities of problems
https://www.garlic.com/~lynn/2012b.html#43 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012b.html#54 The New Age Bounty Hunger -- Showdown at the SEC Corral
https://www.garlic.com/~lynn/2012b.html#74 IBM Doing Some Restructuring?
https://www.garlic.com/~lynn/2012b.html#90 IBM Doing Some Restructuring?
https://www.garlic.com/~lynn/2012b.html#99 New theory of moral behavior may explain recent ethical lapses in banking industry
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: zSeries Manpower Sizing Newsgroups: bit.listserv.ibm-main Date: 17 Feb 2012 12:39:26 -0800starsoul@MINDSPRING.COM (Lizette Koehler) writes:
we were tangentially involved being, brought in to help wordsmith
the cal. state electronic signature legislation ... some past posts
https://www.garlic.com/~lynn/subpubkey.html#signature
some of the electronic signature participants were also heavily into
privacy issues and had done detailed privacy surveys ... #1 issue kept
coming up "identity theft" of the kind involving fraudulent transactions
from data breaches of one sort or another (skimming, evesdropping,
database compromise; etc ... involving account number
harvesting). little or nothing appeared to being done about such
activity and they hoped that the publicity from data breach
notifications might prompt countermeasures ... in addition to providing
victims the opportunities to do something. part of the issues was that
the owners of the large databases/data-streams ... that had the breaches
... wouldn't be the victims of the fraudulent financial transactions.
https://www.garlic.com/~lynn/subintegrity.html#harvest
in any case, since the passage of the cal. legislation there have been numerous federal data breach notification bills introduced (none yet passing), about equally divided between those with similar notification requirements and those that would eliminate requirement for notification (in some cases, partially justified on industry actions like PCI).
a couple long-winded recent posts going into related issues of broken
paradigm
https://www.garlic.com/~lynn/2012b.html#70 Four Sources of Trust, Crypto Not Scaling
https://www.garlic.com/~lynn/2012b.html#71 Password shortcomings
https://www.garlic.com/~lynn/2012b.html#94 public key, encryption and trust
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 17 Feb, 2012 Subject: Bank of America Fined $1 Billion for Mortgage Fraud Blog: Financial Crime Risk, Fraud and Securityre:
Citigroup whistleblower: I have no regrets
http://www.reuters.com/article/2012/02/17/us-citigroup-whistleblower-idUSTRE81G06Y20120217
from above:
Wednesday, Citigroup agreed to pay $158.3 million to settle. Hunt said
her share will be $31 million, before taxes and attorney fees. Her
lawyer declined to disclose those fees.
... snip ...
aka not just BofA
Google+ discussing report: New theory of moral behavior may explain
recent ethical lapses in banking industry
https://plus.google.com/u/0/102794881687002297268/posts/6vknTW3SRX8
and
https://www.garlic.com/~lynn/2012b.html#99 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#0 New theory of moral behavior may explain recent ethical lapses in banking industry
and slightly earlier Google+ discussion mentioning whistleblowers:
https://plus.google.com/u/0/102794881687002297268/posts/fYpjjCcLTxm
and
https://www.garlic.com/~lynn/2012b.html#53 Can America Lead the World's Fight Against Corruption?
including mention that in the congressional Madoff hearings that the person that tried unsuccessfully for a decade to get SEC to do something about Madoff ... pointed out that tips turn up 13 times more fraud than audits ... and that the SEC had a 1-800 number for companies to complain about audits, but no 1-800 for tips.
and
https://www.garlic.com/~lynn/2012b.html#54 The New Age Bounty Hunger -- Showdown at the SEC Corral
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 17 Feb, 2012 Subject: Too big not to fail Blog: Google+re:
Too big not to fail; Flaws in the confused, bloated law passed in the
aftermath of America's financial crisis become ever more apparen
http://www.economist.com/node/21547784
and then there is:
https://plus.google.com/u/0/102794881687002297268/posts/bSMHJ2tuBB7
and
https://www.garlic.com/~lynn/2012.html#72 Chris Dodd's SOPA crusading
Chris Dodd's paid SOPA crusading
http://www.salon.com/2012/01/18/chris_dodds_paid_sopa_crusading/singleton/
from above:
Chris Dodd's emphatic 2010 pledge not to lobby once he finally left
the Senate was prompted by widespread speculation that he spent the
last two years in office blatantly shilling for corporate interests in
order to ensure a prosperous post-Congress career.
... snip ...
then there is: "Confidence Men" pg 430:
But they were fighting on too many fronts. Carl Levin of Michigan and
Jeff Merkley of Oregon had discovered that Dodd had discreetly gutted
the Volcker Rule, and the two set to work trying to counteract Dodd's
efforts. The Merkley-Levin Amendment articulated Volcker's idea fully
-- and wrote it as law. No regulatory backsliding, once everything
settled down.
... snip, and "Age of Greed" pg 370:
In addition, the Justice Department was now investigating reduced rate
mortgages Mozilo allegedly sold to Senators Chris Dodd of Connecticut
and Kent Conrad of North Dakota, as well as two former heads of Fannie
Mae, Jim Johnson and Franklin Raines. They were known as "Friends of
Angelo."
... snip...
#1 on time's list responsible for financial crisis:
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
and a little cross-over with
https://plus.google.com/u/0/102794881687002297268/posts/6vknTW3SRX8
and
https://www.garlic.com/~lynn/2012b.html#99 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#0 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#1 Spontaneous conduction: The music man with no written plan
https://www.garlic.com/~lynn/2012c.html#2 Occupy the SEC (Securities & Exchange Commission)
https://www.garlic.com/~lynn/2012c.html#4 Bank of America Fined $1 Billion for Mortgage Fraud
as per "Confidence Men", the mess in Dodd-Frank with all the regulatory agencies wasn't suppose to have happened
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 18 Feb, 2012 Subject: The 15 Worst Data Security Breaches of the 21st Century Blog: Financial Crime Risk, Fraud and SecurityThe 15 Worst Data Security Breaches of the 21st Century
we were tangentially involved in data breach notification legislation, having been brought in to help wordsmith the cal. state electronic signature legislation ... some past posts
https://www.garlic.com/~lynn/subpubkey.html#signature
some of the electronic signature participants were also heavily into privacy issues and had done detailed privacy surveys ... #1 issue kept coming up "identity theft" of the kind involving fraudulent transactions from data breaches of one sort or another (skimming, evesdropping, database compromise; etc ... involving account number harvesting). little or nothing appeared to being done about such activity and they hoped that the publicity from data breach notifications might prompt countermeasures ... in addition to providing victims the opportunities to do something. part of the issues was that the owners of the large databases/data-streams ... that had the breaches ... wouldn't be the victims of the fraudulent financial transactions.
https://www.garlic.com/~lynn/subintegrity.html#harvest
in any case, since the passage of the cal. legislation there have been numerous federal data breach notification bills introduced (none yet passing), about equally divided between those with similar notification requirements and those that would eliminate requirement for notification (in some cases, partially justified on industry actions like PCI).
a couple long-winded recent posts going into related issues of broken paradigm
https://www.garlic.com/~lynn/2012b.html#70 Four Sources of Trust, Crypto Not Scaling
https://www.garlic.com/~lynn/2012b.html#71 Password shortcomings
https://www.garlic.com/~lynn/2012b.html#94 public key, encryption and trust
The Real Cost of Cyber Attacks
http://www.theatlantic.com/sponsored/zurich-risk/archive/2012/02/the-real-cost-of-cyber-attacks/253186/
from above:
The breakdown of these costs is also often surprising. While the bulk
was attributed to lost business, the Poneman report found that 16
percent is attributed to legal defense and compliance costs. To wit, a
report from cyber risk consultant NetDefense found that the average
legal defense related to a data breach was $500,000, while the average
settlement topped $1 million
.... snip ...
one of the things hypothesized during the original work on data breach notification legislation ... publicity from the notifications would be motivation for organizations where the breach occurred, to take corrective action (since otherwise those organization had seen little downside ... because the resulting fraudulent financial transactions involved their consumers). However, a major of the problem is still the dual-use and security-proportional-to-risk broken paradigm ...
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 18 Feb, 2012 Subject: The Convergence of PKI Blog: Google+re:
The Convergence of PKI
https://financialcryptography.com/mt/archives/001361.html
references:
https://www.garlic.com/~lynn/2012b.html#69 PKI and SSL - the jaws of trust snap shut
we were brought in to consult with small client/server startup that wanted to do payment transactions on their server, they had also invented this technology called "SSL" they wanted to use, the result is now frequently called "electronic commerce"
the trust model is the user trusts the URL ... the user is suppose to
understand the relationship between the webserver they think they are
talking to and the URL. Then SSL provides the trust between the URL
and the webserver they are actually talking to. The original
deployment for security/trust was that user types in the trusted URL
and goes to that website and the whole session is https. That was
almost immediately broken when merchants discovered https cut their
throughput by 85-95% and they dropped back to just using https for
check-out/paying. This involved the user clicking on a button (from an
unvalidated/untrusted website) which provided a (/an untrusted)
URL. Now rather than the user is talking to the website they think
they are talking to ... it just becomes the website is the website
that the website claims to be. early on I coined the term "merchant
comfort certificates" to highlight the broken trust ... misc. past SSL
certificate posts
https://www.garlic.com/~lynn/subpubkey.html#sslcert
I've pontificated that the CA industry has somewhat backed some aspects of DNSSEC where somebody registers a public key along with registering a domain. This is countermeasure to domain name take-over ... all subsequent communication with the domain name infrastructure is digitally signed and verified with the on-file public key. The scenario is somebody that has taken over domain can go to CA for certificate ... since the CA validates the true ownership of domain certificate with the authoritative agency for domain ownership ... the domain name infrastructure (root trust for domain certificates is the integrity of the agency that keeps track of who owns a domain).
This creates something of catch-22 for CA industry since could imagine that response to domain->ip-address request could also piggy-back the on-file public key (eliminating need for domain certificates).
There was recent item claiming that Google is now the highest used DNS
server.
http://code.google.com/speed/public-dns/docs/using.html
Google now the largest public DNS provider in the world
http://www.fiercecio.com/techwatch/story/google-now-largest-public-dns-provider-world/2012-02-16
misc. past posts mentioning catch-22 for the CA industry
https://www.garlic.com/~lynn/subpubkey.html#catch22
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The PC industry is heading for collapse Newsgroups: alt.folklore.computers, comp.os.linux.setup Date: Sat, 18 Feb 2012 12:12:19 -0500Andrew Swallow <am.swallow@btinternet.com> writes:
... and at the same time, the federal gov mandated the elimination of the internet and adoption of OSI (GOSIP)
a little triva .. my wife did a (short) stint as chief architect for
amadeus
https://en.wikipedia.org/wiki/Amadeus_CRS
and
http://www.amadeus.com/us/us.html
europeon airline reservation system ... somewhat scaffolded off of
eastern's systemone
https://en.wikipedia.org/wiki/Computer_reservations_system
from above:
European airlines also began to invest in the field in the 1980s
initially by deploying their own reservations systems in their homeland,
propelled by growth in demand for travel as well as technological
advances which allowed GDSes to offer ever-increasing services and
searching power. In 1987, a consortium led by Air France and West
Germany's Lufthansa developed Amadeus, modeled on SystemOne. Amadeus
Global Travel Distribution was launched in 1992.
... snip ...
however, she didn't last long ... the SNA forces got her replaced because she backed adopting x25 as connection ... it didn't do them much good because amadeus went with x25 anyway.
misc. past posts mentioning amadeus
https://www.garlic.com/~lynn/2001g.html#49 Did AT&T offer Unix to Digital Equipment in the 70s?
https://www.garlic.com/~lynn/2001g.html#50 Did AT&T offer Unix to Digital Equipment in the 70s?
https://www.garlic.com/~lynn/2001h.html#76 Other oddball IBM System 360's ?
https://www.garlic.com/~lynn/2003d.html#67 unix
https://www.garlic.com/~lynn/2003n.html#47 What makes a mainframe a mainframe?
https://www.garlic.com/~lynn/2004b.html#6 Mainframe not a good architecture for interactive workloads
https://www.garlic.com/~lynn/2004b.html#7 Mainframe not a good architecture for interactive workloads
https://www.garlic.com/~lynn/2004m.html#27 Shipwrecks
https://www.garlic.com/~lynn/2004o.html#23 Demo: Things in Hierarchies (w/o RM/SQL)
https://www.garlic.com/~lynn/2004o.html#29 Integer types for 128-bit addressing
https://www.garlic.com/~lynn/2005f.html#22 System/360; Hardwired vs. Microcoded
https://www.garlic.com/~lynn/2005p.html#8 EBCDIC to 6-bit and back
https://www.garlic.com/~lynn/2006o.html#4 How Many 360/195s and 370/195s were shipped?
https://www.garlic.com/~lynn/2006r.html#9 Was FORTRAN buggy?
https://www.garlic.com/~lynn/2006y.html#14 Why so little parallelism?
https://www.garlic.com/~lynn/2007d.html#19 Pennsylvania Railroad ticket fax service
https://www.garlic.com/~lynn/2007e.html#52 US Air computers delay psgrs
https://www.garlic.com/~lynn/2007h.html#12 The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007k.html#72 The top 10 dead (or dying) computer skills
https://www.garlic.com/~lynn/2007o.html#59 ACP/TPF
https://www.garlic.com/~lynn/2007p.html#45 64 gig memory
https://www.garlic.com/~lynn/2008c.html#53 Migration from Mainframe to othre platforms - the othe bell?
https://www.garlic.com/~lynn/2008i.html#19 American Airlines
https://www.garlic.com/~lynn/2008i.html#34 American Airlines
https://www.garlic.com/~lynn/2008p.html#41 Automation is still not accepted to streamline the business processes... why organizations are not accepting newer technologies?
https://www.garlic.com/~lynn/2009j.html#33 IBM touts encryption innovation
https://www.garlic.com/~lynn/2009l.html#55 IBM halves mainframe Linux engine prices
https://www.garlic.com/~lynn/2009r.html#59 "Portable" data centers
https://www.garlic.com/~lynn/2010.html#23 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010g.html#29 someone smarter than Dave Cutler
https://www.garlic.com/~lynn/2010n.html#16 Sabre Talk Information?
https://www.garlic.com/~lynn/2011.html#17 Looking for a real Fortran-66 compatible PC compiler (CP/M or DOS or Windows, doesn't matter)
https://www.garlic.com/~lynn/2011.html#41 Looking for a real Fortran-66 compatible PC compiler (CP/M or DOSor Windows
https://www.garlic.com/~lynn/2011d.html#14 Sabre; The First Online Reservation System
https://www.garlic.com/~lynn/2011d.html#43 Sabre; The First Online Reservation System
https://www.garlic.com/~lynn/2011d.html#74 Multiple Virtual Memory
https://www.garlic.com/~lynn/2011i.html#77 program coding pads
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The PC industry is heading for collapse Newsgroups: alt.folklore.computers, comp.os.linux.setup Date: Sat, 18 Feb 2012 12:53:42 -0500Anne & Lynn Wheeler <lynn@garlic.com> writes:
as i've frequently mentioned ... the communication group (primary
repository of SNA forces) were out doing various kinds of
mis-information
https://www.garlic.com/~lynn/2012b.html#85 The PC industry is heading for collapse
old email referencing SNA mis-information about converting the internal
network to SNA (when it would have significantly better to convert to
tcp/ip)
https://www.garlic.com/~lynn/2006x.html#email870302
https://www.garlic.com/~lynn/2011.html#email870306
as well as mis-information that the NSFNET backbone could be SNA
https://www.garlic.com/~lynn/2006w.html#email870109
other old NSFNET related email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
above was just part of the internal politics that prevented us from bidding on the NSFNET backbone RFP ... director of NSF tried to help writing letter to the company 3Apr1986, NSF Director to IBM Chief Scientist and IBM Senior VP and director of Research, copying IBM CEO) ... but that just aggravated the internal politics.
for something completely different
Now Hear This - "The Future Surface Combatant: Quo Vadis?"
http://www.usni.org/magazines/proceedings/2012-01/now-hear-%E2%80%98-future-surface-combatant-quo-vadis%E2%80%99
has some posted comments about needing redundancy, spare room, and flexibility in damage control.
one of the other participants involved in XTP in the late 80s was NOSC/SPAWAR san diego ... and there was quite a bit of discussion about XTP (and lots of multiple fiber optics) for continued operation with significant amounts of damage.
reference from long ago and far away
http://onlinelibrary.wiley.com/doi/10.1111/j.1559-3584.1990.tb02640.x/abstract
old xtp email mentioning (navy) "safenet"
https://www.garlic.com/~lynn/2009q.html#email881113
old xtp email mentioning x3s3.3 & xtp
https://www.garlic.com/~lynn/2002g.html#email890424
and corporate communication group position on xtp/hsp
https://www.garlic.com/~lynn/2006i.html#email890901
communication group also objected to me being on the XTP technical advisery board
past posts mentioning xtp
https://www.garlic.com/~lynn/subnetwork.html#xtphsp
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Inventor of e-mail honored by Smithsonian Newsgroups: alt.folklore.computers Date: Sat, 18 Feb 2012 17:20:37 -0500Inventor of e-mail honored by Smithsonian
from above:
On Thursday, his name, his 1978 invention documentation, and the
associated copyright, were entered in the Smithsonian permanent
collection. The documentation will be archived in the National Museum of
American History and put into an online exhibit. The documents will be
scanned as soon as this week to be featured on a site under the
Smithsonian.org domain. The date for the site launch has not yet been
determined.
... snip ...
which is different than this:
The History of Electronic Mail
https://www.multicians.org/thvv/mail-history.html
recent reference:
https://www.garlic.com/~lynn/2011h.html#44 OT The inventor of Email - Tom Van Vleck
https://www.garlic.com/~lynn/2011h.html#49 OT The inventor of Email - Tom Van Vleck
https://www.garlic.com/~lynn/2011h.html#51 Did My Brother Invent E-Mail With Tom Van Vleck?
https://www.garlic.com/~lynn/2011h.html#54 Did My Brother Invent E-Mail With Tom Van Vleck? (Part One)
... and some of my old email
https://www.garlic.com/~lynn/lhwemail.html
mostly on the internal network ... larger than the arpanet/internet from
just about the beginning until possibly late 85 or early 86
https://www.garlic.com/~lynn/subnetwork.html#internalnet
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 19 Feb, 2012 Subject: The 15 Worst Data Security Breaches of the 21st Century Blog: Financial Crime Risk, Fraud and Securityre:
related to broken paradigm:
Credit Card Firms: They Don't Just Steal From Cardholders
http://www.rollingstone.com/politics/blogs/taibblog/credit-card-firms-they-dont-just-steal-from-cardholders-20120109
Park City Eatery Balks at Credit Card Fines in Rare Court Fight
http://www.bloomberg.com/news/2012-01-09/park-city-eatery-balks-at-credit-card-fines-in-rare-court-fight.html
a couple metaphors I've frequently used in the past:
1) security-proportional-to-risk metaphor: The value of financial transaction information to the merchant is the profit from the transaction ... possibly only a couple dollars ... and in the case of the transaction processor, possibly only a couple of pennies (per transaction). The value of the information to the crooks is the account-balance &/or credit limit ... frequently several hundred to several thousand dollars. As a result, the crooks can afford to outspend (attacking the system) the merchant/processor defenders ... potentially by factor of one hundred times.
2) dual-use metaphor: much of the financial transaction information is required for dozens of business processes at millions of locations around the world and therefor needs to be readily available. However, it is this very same information that crooks can leverage for performing fraudulent transactions ... which requires that the information is kept confidential and never divulged. The resulting diametrically opposing requirements means that even if the planet were buried under miles of information hiding crypto, it still couldn't prevent information leakage.
misc past posts mentioning security-proportional-to-risk &/or
dual-use methaphors
https://www.garlic.com/~lynn/aadsm22.htm#36 Unforgeable Blinded Credentials
https://www.garlic.com/~lynn/aadsm23.htm#54 Status of SRP
https://www.garlic.com/~lynn/aadsm24.htm#38 Interesting bit of a quote
https://www.garlic.com/~lynn/aadsm24.htm#48 more on FBI plans new Net-tapping push
https://www.garlic.com/~lynn/aadsm26.htm#8 What is the point of encrypting information that is publicly visible?
https://www.garlic.com/~lynn/aadsm26.htm#27 man in the middle, SSL ... addenda
https://www.garlic.com/~lynn/aadsm27.htm#3 Solution to phishing -- an idea who's time has come?
https://www.garlic.com/~lynn/aadsm28.htm#1 2008: The year of hack the vote?
https://www.garlic.com/~lynn/2006h.html#15 Security
https://www.garlic.com/~lynn/2006o.html#37 the personal data theft pandemic continues
https://www.garlic.com/~lynn/2006p.html#8 SSL, Apache 2 and RSA key sizes
https://www.garlic.com/~lynn/2006u.html#43 New attacks on the financial PIN processing
https://www.garlic.com/~lynn/2006v.html#2 New attacks on the financial PIN processing
https://www.garlic.com/~lynn/2006v.html#49 Patent buster for a method that increases password security
https://www.garlic.com/~lynn/2006y.html#25 "The Elements of Programming Style"
https://www.garlic.com/~lynn/2007b.html#8 Special characters in passwords was Re: RACF - Password rules
https://www.garlic.com/~lynn/2007b.html#20 How many 36-bit Unix ports in the old days?
https://www.garlic.com/~lynn/2007c.html#10 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007d.html#34 Mixed Case Password on z/OS 1.7 and ACF 2 Version 8
https://www.garlic.com/~lynn/2007e.html#26 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007f.html#75 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007g.html#20 T.J. Maxx data theft worse than first reported
https://www.garlic.com/~lynn/2007k.html#76 My Dream PC -- Chip-Based
https://www.garlic.com/~lynn/2007n.html#85 PCI Compliance - Encryption of all non-console administrative access
https://www.garlic.com/~lynn/2007o.html#0 The Unexpected Fact about the First Computer Programmer
https://www.garlic.com/~lynn/2007o.html#28 EZPass: Yes, Big Brother IS Watching You!
https://www.garlic.com/~lynn/2007s.html#16 The new urgency to fix online privacy
https://www.garlic.com/~lynn/2007t.html#61 Crypto Related Posts
https://www.garlic.com/~lynn/2007u.html#67 folklore indeed
https://www.garlic.com/~lynn/2007v.html#60 Credit Card Details
https://www.garlic.com/~lynn/2007v.html#70 folklore indeed
https://www.garlic.com/~lynn/2007v.html#74 folklore indeed
https://www.garlic.com/~lynn/2008.html#9 folklore indeed
https://www.garlic.com/~lynn/2008d.html#9 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008g.html#17 Hannaford breach illustrates dangerous compliance mentality
https://www.garlic.com/~lynn/2008i.html#21 Worst Security Threats?
https://www.garlic.com/~lynn/2008i.html#42 Security Breaches
https://www.garlic.com/~lynn/2008i.html#101 We're losing the battle
https://www.garlic.com/~lynn/2008m.html#70 Why SSNs Are Not Appropriate for Authentication and when, where and why should you offer/use it?
https://www.garlic.com/~lynn/2008m.html#71 TJ Maxx - why are they still in business?
https://www.garlic.com/~lynn/2008m.html#72 What are security areas to be addressed before starting an e-commerce transaction or setting up a portal?
https://www.garlic.com/~lynn/2008n.html#75 Should online transactions be allowed on credit cards without adequate safeguards?
https://www.garlic.com/~lynn/2008n.html#90 Credit Card Security
https://www.garlic.com/~lynn/2008o.html#13 What risk of possible data leakage do you see for your organization?
https://www.garlic.com/~lynn/2008o.html#22 What risk of possible data leakage do you see for your organization?
https://www.garlic.com/~lynn/2008o.html#76 Blinkenlights
https://www.garlic.com/~lynn/2008p.html#5 Privacy, Identity theft, account fraud
https://www.garlic.com/~lynn/2008p.html#7 Dealing with the neew MA ID protection law
https://www.garlic.com/~lynn/2008p.html#59 Can Smart Cards Reduce Payments Fraud and Identity Theft?
https://www.garlic.com/~lynn/2008r.html#53 21 million German bank account details on black market
https://www.garlic.com/~lynn/2008s.html#10 Data leakage - practical measures to improve Information Governance
https://www.garlic.com/~lynn/2009.html#60 The 25 Most Dangerous Programming Errors
https://www.garlic.com/~lynn/2009b.html#13 US credit card payment house breaches by sniffing malware
https://www.garlic.com/~lynn/2009b.html#15 It's Me, and Here's My Proof: Why Identity and Authentication Must Remain Distinct
https://www.garlic.com/~lynn/2009b.html#62 Study: Data breaches continue to get more costly for businesses
https://www.garlic.com/~lynn/2009d.html#69 PCI Compliance
https://www.garlic.com/~lynn/2009f.html#36 PCI security rules may require reinforcements
https://www.garlic.com/~lynn/2009f.html#57 Data masking/data disguise Primer 1) WHY
https://www.garlic.com/~lynn/2009g.html#10 Top 10 Cybersecurity Threats for 2009, will they cause creation of highly-secure Corporate-wide Intranets?
https://www.garlic.com/~lynn/2009g.html#11 Top 10 Cybersecurity Threats for 2009, will they cause creation of highly-secure Corporate-wide Intranets?
https://www.garlic.com/~lynn/2009h.html#46 IBM security expert: X86 virtualization not ready for regulated, mission-critical apps
https://www.garlic.com/~lynn/2009i.html#14 Online Banking's Innate Security Flaws
https://www.garlic.com/~lynn/2009i.html#20 Online Banking's Innate Security Flaws
https://www.garlic.com/~lynn/2009i.html#53 Merchant Groups Ask for Broad Changes in Letter to PCI's Overseer
https://www.garlic.com/~lynn/2009j.html#11 Is anyone aware of a system that offers three layers of security and ID protection for online purchases or even over the counter POS purchases?
https://www.garlic.com/~lynn/2009j.html#13 PCI SSC Seeks Input on Security Standards
https://www.garlic.com/~lynn/2009j.html#26 Price Tag for End-to-End Encryption: $4.8 Billion, Mercator Says
https://www.garlic.com/~lynn/2009j.html#33 IBM touts encryption innovation
https://www.garlic.com/~lynn/2009j.html#41 How can we stop Credit card FRAUD?
https://www.garlic.com/~lynn/2009k.html#54 The satate of software
https://www.garlic.com/~lynn/2009k.html#60 The satate of software
https://www.garlic.com/~lynn/2009l.html#53 Hacker charges also an indictment on PCI, expert says
https://www.garlic.com/~lynn/2009m.html#13 PCI Council Releases Recommendations For Preventing Card-Skimming Attacks
https://www.garlic.com/~lynn/2009m.html#22 PCI SSC Seeks standard for End to End Encryption?
https://www.garlic.com/~lynn/2009n.html#37 Firms failing to treat card data security seriously
https://www.garlic.com/~lynn/2009r.html#19 Scammers scrape RAM for bank card data
https://www.garlic.com/~lynn/2009r.html#55 Verizon report goes deep inside data breach investigations
https://www.garlic.com/~lynn/2009s.html#39 Six Months Later, MasterCard Softens a Controversial PCI Rule
https://www.garlic.com/~lynn/2009s.html#44 PCI and Network Encryption
https://www.garlic.com/~lynn/2010f.html#29 Cyberattacks raise e-banking security fears
https://www.garlic.com/~lynn/2010f.html#75 Is Security a Curse for the Cloud Computing Industry?
https://www.garlic.com/~lynn/2010g.html#84 In SSL We Trust? Not Lately
https://www.garlic.com/~lynn/2010i.html#25 Retailers blamed for making people vulnerable to credit card fraud and ID theft
https://www.garlic.com/~lynn/2010i.html#58 Cyber Self Defense: Reduce Your Attack Surface
https://www.garlic.com/~lynn/2010k.html#5 The Attacker's Advantage
https://www.garlic.com/~lynn/2010n.html#46 Who are these people who think cybersecurity experts are crying wolf?
https://www.garlic.com/~lynn/2010n.html#49 ZeuS attacks mobiles in bnak SMS bypass scam
https://www.garlic.com/~lynn/2010o.html#8 PCI: Smaller Merchants Threatened
https://www.garlic.com/~lynn/2010o.html#53 The Credit Card Criminals Are Getting Crafty
https://www.garlic.com/~lynn/2010o.html#76 E-commerce smackdown as PCI standards revised
https://www.garlic.com/~lynn/2011b.html#36 Internal Fraud and Dollar Losses
https://www.garlic.com/~lynn/2011h.html#60 Cyberwar vs. Cyber-Espionage vs. Cybercrime
https://www.garlic.com/~lynn/2011j.html#63 Why do defenders keep losing to smaller cyberwarriors?
https://www.garlic.com/~lynn/2011l.html#47 Does outsourcing cause data loss?
https://www.garlic.com/~lynn/2011n.html#15 Wicked Problems
https://www.garlic.com/~lynn/2011n.html#47 PCI and the Insider Threat
https://www.garlic.com/~lynn/2011o.html#1 Silicoin
https://www.garlic.com/~lynn/2011o.html#13 Two-Factor Authentication - Hardware token or SMS OTP
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Inventor of e-mail honored by Smithsonian Newsgroups: alt.folklore.computers Date: Sun, 19 Feb 2012 11:14:36 -0500John Levine <johnl@iecc.com> writes:
Van Vleck's reference
https://www.multicians.org/thvv/mail-history.html
includes mention of: In November 1975, Jon Postel wrote RFC 706, "On the junk mail problem," suggesting that the problem of junk electronic mail had been at least contemplated, if not experienced.
and earlier he references: A proposed CTSS MAIL command was described in an undated Programming Staff Note 39, "Minimum System Documentation" by Pat Crisman, Glenda Schroeder, and Louis Pouzin. Numerical sequence places the note in either Dec 64 or Jan 65
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 19 Feb, 2012 Subject: Study links ultrafast machine trading with risk of crash Blog: Financial Crime Risk, Fraud and SecurityStudy links ultrafast machine trading with risk of crash
from above:
The authors looked at a set of what they call "18,520 ultrafast black
swan events" that they uncovered in stock-price movements between 2006
and 2011. A case in point is what occurred on May 6, 2010, when it
took just minutes for a spontaneous mix of interactions in cyberspace
to generate the Flash Crash, first a plunge, in minutes, and soon
after a recovery.
... snip ..
a little about trader activity being dark (opposite of "open market")
w/o transparency and visibility
http://nypost.com/2007/03/20/cramer-reveals-a-bit-too-much/
Mystery predators may have contributed to fiscal collapse in 2007:
http://www.physorg.com/news/2011-12-mystery-predators-contributed-fiscal-collapse.html
and The Man Who Beat The Shorts
http://www.forbes.com/forbes/2008/1117/114.html
and a little more about records that might show what goes on
https://web.archive.org/web/20080728143102/https://en.wikipedia.org/wiki/Depository_Trust_&_Clearing_Corporation
part of the issue with "dark markets" (aka not open, little transparency & visitiblity, little or no enforcement) ... is possibility of extensive market manipulation not limited to illegal shorting but also practices like pump&dump. high-frequency trading opens up additional/new avenues
Also, in the wake of Enron and Worldcom ... congress passed
Sarbanes-Oxley in attempt to prevent such egregious manipulation of
the market. However, possibly because GAO also didn't think SEC was
doing anything (SOX doesn't do much good if SEC isn't doing anything)
... it started doing reports of problem/fraudulent public company
financial filings that showed uptic even after SOX:
https://www.gao.gov/products/gao-06-1079sp
In the Madoff congressional hearings, the person that had tried unsuccessfully for a decade to get SEC to do something about Madoff was asked if new regulations were required. He replied that while new regulations might be required, much more important was transparency and visibility. He also pointed out that tips turned up 13 times more fraud than audits (could be considered a slam at SOX audits ... even if SEC was doing something) and that SEC had a 1-800 line for corporations to complain about audits, but no 1-800 tip line (although there have been past comments that possibly the only effective part of SOX might be section on whistle-blowers)
recent posts on transparency and visibility
https://www.garlic.com/~lynn/2012.html#87 The PC industry is heading for collapse
misc. other past posts with references to market manipulation, lack of
transparency & visitiblity, lack of enforcement, etc
https://www.garlic.com/~lynn/aepay11.htm#73 Account Numbers. Was: Confusing Authentication and Identiification? (addenda)
https://www.garlic.com/~lynn/aadsm27.htm#28 A crazy thought?
https://www.garlic.com/~lynn/2006n.html#40 Identity Management Best Practices
https://www.garlic.com/~lynn/2008f.html#96 Bush - place in history
https://www.garlic.com/~lynn/2008i.html#8 pro- foreign key propaganda?
https://www.garlic.com/~lynn/2008k.html#4 dollar coins
https://www.garlic.com/~lynn/2008k.html#25 IBM's 2Q2008 Earnings
https://www.garlic.com/~lynn/2008k.html#31 SEC bans illegal activity then permits it
https://www.garlic.com/~lynn/2008o.html#1 illegal naked short selling
https://www.garlic.com/~lynn/2008o.html#83 Chip-and-pin card reader supply-chain subversion 'has netted millions from British shoppers'
https://www.garlic.com/~lynn/2008p.html#8 Global Melt Down
https://www.garlic.com/~lynn/2008q.html#68 Obama, ACORN, subprimes (Re: Spiders)
https://www.garlic.com/~lynn/2008q.html#69 if you are an powerful financial regulator , how would you have stopped the credit crunch?
https://www.garlic.com/~lynn/2008r.html#36 Blinkenlights
https://www.garlic.com/~lynn/2008r.html#64 Is This a Different Kind of Financial Crisis?
https://www.garlic.com/~lynn/2008r.html#67 What is securitization and why are people wary of it ?
https://www.garlic.com/~lynn/2008s.html#9 Blind-sided, again. Why?
https://www.garlic.com/~lynn/2008s.html#18 What next? from where would the Banks be hit?
https://www.garlic.com/~lynn/2008s.html#20 Five great technological revolutions
https://www.garlic.com/~lynn/2008s.html#23 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2008s.html#35 Is American capitalism and greed to blame for our financial troubles in the US?
https://www.garlic.com/~lynn/2008s.html#55 Is this the story behind the crunchy credit stuff?
https://www.garlic.com/~lynn/2009.html#14 What are the challenges in risk analytics post financial crisis?
https://www.garlic.com/~lynn/2009.html#42 Lets play Blame Game...?
https://www.garlic.com/~lynn/2009.html#52 The Credit Crunch: Why it happened?
https://www.garlic.com/~lynn/2009.html#73 CROOKS and NANNIES: what would Boyd do?
https://www.garlic.com/~lynn/2009.html#78 Double authentification for internet payment
https://www.garlic.com/~lynn/2009b.html#1 Are Both The U.S. & UK on the brink of debt disaster?
https://www.garlic.com/~lynn/2009b.html#25 The recently revealed excesses of John Thain, the former CEO of Merrill Lynch, while the firm was receiving $25 Billion in TARP funds makes me sick
https://www.garlic.com/~lynn/2009b.html#36 A great article was posted in another BI group: "To H*** with Business Intelligence: 40 Percent of Execs Trust Gut"
https://www.garlic.com/~lynn/2009b.html#37 A great article was posted in another BI group: "To H*** with Business Intelligence: 40 Percent of Execs Trust Gut"
https://www.garlic.com/~lynn/2009b.html#48 The blame game is on : A blow to the Audit/Accounting Industry or a lesson learned ???
https://www.garlic.com/~lynn/2009b.html#49 US disaster, debts and bad financial management
https://www.garlic.com/~lynn/2009b.html#52 What has the Global Financial Crisis taught the Nations, it's Governments and Decision Makers, and how should they apply that knowledge to manage risks differently in the future?
https://www.garlic.com/~lynn/2009b.html#53 Credit & Risk Management ... go Simple ?
https://www.garlic.com/~lynn/2009b.html#54 In your opinion, which facts caused the global crise situation?
https://www.garlic.com/~lynn/2009b.html#73 What can we learn from the meltdown?
https://www.garlic.com/~lynn/2009b.html#78 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009b.html#80 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#0 Audit II: Two more scary words: Sarbanes-Oxley
https://www.garlic.com/~lynn/2009c.html#20 Decision Making or Instinctive Steering?
https://www.garlic.com/~lynn/2009c.html#29 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#39 'WHO IS RESPONSIBLE FOR THE GLOBAL MELTDOWN'
https://www.garlic.com/~lynn/2009c.html#51 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#61 Accounting for the "greed factor"
https://www.garlic.com/~lynn/2009c.html#65 is it possible that ALL banks will be nationalized?
https://www.garlic.com/~lynn/2009d.html#0 PNC Financial to pay CEO $3 million stock bonus
https://www.garlic.com/~lynn/2009d.html#3 Congress Set to Approve Pay Cap of $500,000
https://www.garlic.com/~lynn/2009d.html#37 NEW SEC (Enforcement) MANUAL, A welcome addition
https://www.garlic.com/~lynn/2009d.html#42 Bernard Madoff Is Jailed After Pleading Guilty -- are there more "Madoff's" out there?
https://www.garlic.com/~lynn/2009d.html#47 Bernard Madoff Is Jailed After Pleading Guilty -- are there more "Madoff's" out there?
https://www.garlic.com/~lynn/2009d.html#61 Quiz: Evaluate your level of Spreadsheet risk
https://www.garlic.com/~lynn/2009d.html#62 Is Wall Street World's Largest Ponzi Scheme where Madoff is Just a Poster Child?
https://www.garlic.com/~lynn/2009d.html#63 Do bonuses foster unethical conduct?
https://www.garlic.com/~lynn/2009d.html#73 Should Glass-Steagall be reinstated?
https://www.garlic.com/~lynn/2009d.html#77 Who first mentioned Credit Crunch?
https://www.garlic.com/~lynn/2009e.html#8 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009e.html#23 Should FDIC or the Federal Reserve Bank have the authority to shut down and take over non-bank financial institutions like AIG?
https://www.garlic.com/~lynn/2009e.html#36 Architectural Diversity
https://www.garlic.com/~lynn/2009e.html#37 How do you see ethics playing a role in your organizations current or past?
https://www.garlic.com/~lynn/2009e.html#53 Are the "brightest minds in finance" finally onto something?
https://www.garlic.com/~lynn/2009f.html#2 CEO pay sinks - Wall Street Journal/Hay Group survey results just released
https://www.garlic.com/~lynn/2009f.html#29 What is the real basis for business mess we are facing today?
https://www.garlic.com/~lynn/2009f.html#31 What is the real basis for business mess we are facing today?
https://www.garlic.com/~lynn/2009f.html#38 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#45 Artificial Intelligence to tackle rogue traders
https://www.garlic.com/~lynn/2009f.html#49 Is the current downturn cyclic or systemic?
https://www.garlic.com/~lynn/2009f.html#51 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#53 What every taxpayer should know about what caused the current Financial Crisis
https://www.garlic.com/~lynn/2009f.html#67 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#7 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#27 Flawed Credit Ratings Reap Profits as Regulators Fail Investors
https://www.garlic.com/~lynn/2009g.html#29 Transparency and Visibility
https://www.garlic.com/~lynn/2009g.html#31 OODA-loop obfuscation
https://www.garlic.com/~lynn/2009g.html#33 Treating the Web As an Archive
https://www.garlic.com/~lynn/2009g.html#34 Board Visibility Into The Business
https://www.garlic.com/~lynn/2009g.html#61 Prosecute Bank Execs
https://www.garlic.com/~lynn/2009h.html#10 China's yuan 'set to usurp US dollar' as world's reserve currency
https://www.garlic.com/~lynn/2009h.html#17 REGULATOR ROLE IN THE LIGHT OF RECENT FINANCIAL SCANDALS
https://www.garlic.com/~lynn/2009h.html#25 The Paradox of Economic Recovery
https://www.garlic.com/~lynn/2009h.html#29 Analysing risk, especially credit risk in Banks, which was a major reason for the current crisis
https://www.garlic.com/~lynn/2009h.html#49 IBM to Build Europe, Asia 'Smart Infrastructure'
https://www.garlic.com/~lynn/2009h.html#75 A Math Geek's Plan to Save Wall Street's Soul
https://www.garlic.com/~lynn/2009i.html#23 Why are z/OS people reluctant to use z/OS UNIX? (Are settlements a good argument for overnight batch COBOL ?)
https://www.garlic.com/~lynn/2009i.html#60 In the USA "financial regulator seeks power to curb excess speculation."
https://www.garlic.com/~lynn/2009j.html#12 IBM identity manager goes big on role control
https://www.garlic.com/~lynn/2009j.html#30 An Amazing Document On Madoff Said To Have Been Sent To SEC In 2005
https://www.garlic.com/~lynn/2009j.html#35 what is mortgage-backed securities?
https://www.garlic.com/~lynn/2009o.html#71 "Rat Your Boss" or "Rats to Riches," the New SEC
https://www.garlic.com/~lynn/2009p.html#57 MasPar compiler and simulator
https://www.garlic.com/~lynn/2009r.html#47 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2009s.html#47 Audits VII: the future of the Audit is in your hands
https://www.garlic.com/~lynn/2010c.html#33 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010c.html#34 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010c.html#37 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010c.html#48 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010e.html#77 Madoff Whistleblower Book
https://www.garlic.com/~lynn/2010f.html#56 Handling multicore CPUs; what the competition is thinking
https://www.garlic.com/~lynn/2010h.html#15 The Revolving Door and S.E.C. Enforcement
https://www.garlic.com/~lynn/2010h.html#16 The Revolving Door and S.E.C. Enforcement
https://www.garlic.com/~lynn/2010h.html#31 In the News: SEC storms the 'Castle'
https://www.garlic.com/~lynn/2010h.html#41 Profiling of fraudsters
https://www.garlic.com/~lynn/2010h.html#43 COBOL - no longer being taught - is a problem
https://www.garlic.com/~lynn/2010h.html#58 S.E.C. Moves to Tighten Rules on Bonds Backed by Consumer Loans
https://www.garlic.com/~lynn/2010h.html#67 The Python and the Mongoose: it helps if you know the rules of engagement
https://www.garlic.com/~lynn/2010i.html#34 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010i.html#42 "Fraud & Stupidity Look a Lot Alike"
https://www.garlic.com/~lynn/2010i.html#84 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010k.html#46 Snow White and the Seven Dwarfs
https://www.garlic.com/~lynn/2010l.html#38 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010l.html#68 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010n.html#25 Will new card innovation help interchange and improve retention?
https://www.garlic.com/~lynn/2010n.html#35 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010o.html#37 WHAT, WHY AND HOW - FRAUD, IMPACT OF AUDIT
https://www.garlic.com/~lynn/2010o.html#71 They always think we don't understand
https://www.garlic.com/~lynn/2010p.html#6 What banking is. (Essential for predicting the end of finance as we know it.)
https://www.garlic.com/~lynn/2010p.html#7 What banking is. (Essential for predicting the end of finance as we know it.)
https://www.garlic.com/~lynn/2010p.html#17 What banking is. (Essential for predicting the end of finance as we know it.)
https://www.garlic.com/~lynn/2010p.html#43 WikiLeaks' Wall Street Bombshell
https://www.garlic.com/~lynn/2010p.html#48 WikiLeaks' Wall Street Bombshell
https://www.garlic.com/~lynn/2010p.html#61 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2010p.html#68 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2010p.html#69 Moody's hints at move that could be catastrophic for US debt
https://www.garlic.com/~lynn/2010q.html#21 Ernst & Young called to account -- should Audit firms be investigated for their role in the crisis?
https://www.garlic.com/~lynn/2010q.html#31 Ernst & Young sued for fraud over Lehman
https://www.garlic.com/~lynn/2010q.html#44 Programmer Charged with thieft (maybe off topic)
https://www.garlic.com/~lynn/2010q.html#53 Programmer Charged with thieft (maybe off topic)
https://www.garlic.com/~lynn/2011.html#46 What do you think about fraud prevention in the governments?
https://www.garlic.com/~lynn/2011.html#48 What do you think about fraud prevention in the governments?
https://www.garlic.com/~lynn/2011.html#53 What do you think about fraud prevention in the governments?
https://www.garlic.com/~lynn/2011b.html#21 New-home sales in 2010 fall to lowest in 47 years
https://www.garlic.com/~lynn/2011b.html#42 Productivity And Bubbles
https://www.garlic.com/~lynn/2011d.html#26 The first personal computer (PC)
https://www.garlic.com/~lynn/2011d.html#28 The first personal computer (PC)
https://www.garlic.com/~lynn/2011e.html#36 On Protectionism
https://www.garlic.com/~lynn/2011e.html#39 Back to architecture: Analyzing NYSE data
https://www.garlic.com/~lynn/2011f.html#35 At least two decades back, some gurus predicted that mainframes would disappear
https://www.garlic.com/~lynn/2011f.html#62 Mixing Auth and Non-Auth Modules
https://www.garlic.com/~lynn/2011f.html#82 Bank email archives thrown open in financial crash report
https://www.garlic.com/~lynn/2011f.html#86 Bank email archives thrown open in financial crash report
https://www.garlic.com/~lynn/2011f.html#88 Court OKs Firing of Boeing Computer-Security Whistleblowers
https://www.garlic.com/~lynn/2011g.html#5 How they failed to catch Madoff
https://www.garlic.com/~lynn/2011g.html#47 Lords: Auditors guilty of 'dereliction of duty'
https://www.garlic.com/~lynn/2011g.html#52 Enron: The Smartest Guys in the Room
https://www.garlic.com/~lynn/2011h.html#5 Home prices may drop another 25%, Shiller predicts
https://www.garlic.com/~lynn/2011h.html#66 Senate Democrats Ask House to Boost SEC Funding
https://www.garlic.com/~lynn/2011i.html#25 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#67 U.S. can't account for $8.7 billion of Iraq's money: audit
https://www.garlic.com/~lynn/2011j.html#11 Innovation and iconoclasm
https://www.garlic.com/~lynn/2011j.html#38 Advice from Richard P. Feynman
https://www.garlic.com/~lynn/2011k.html#15 Is the SEC Covering Up Wall Street Crimes?
https://www.garlic.com/~lynn/2011k.html#20 Study shows powerful corporations really do control the world's finances
https://www.garlic.com/~lynn/2011k.html#37 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011k.html#56 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011k.html#60 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011k.html#76 FIA shocked and outraged after Senator leaks oil trading data
https://www.garlic.com/~lynn/2011l.html#1 As Pressure Grows to Cut Spending, the True Cost of Weapons Is Anyone's Guess
https://www.garlic.com/~lynn/2011l.html#21 HOLLOW STATES and a CRISIS OF CAPITALISM
https://www.garlic.com/~lynn/2011m.html#33 Deloitte sued for $7.6 billion, accused of missing fraud
https://www.garlic.com/~lynn/2011n.html#1 Banks Awash in Cash, Which Isn't Good News
https://www.garlic.com/~lynn/2011n.html#24 AMERICA IS BROKEN, WHAT NOW?
https://www.garlic.com/~lynn/2011n.html#30 Have you ever wondered why some people seem to get rich easily
https://www.garlic.com/~lynn/2011n.html#49 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#4 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#26 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#39 Civilization, doomed?
https://www.garlic.com/~lynn/2011o.html#47 Civilization, doomed?
https://www.garlic.com/~lynn/2011o.html#80 How Pursuit of Profits Kills Innovation and the U.S. Economy
https://www.garlic.com/~lynn/2011p.html#0 The men who crashed the world
https://www.garlic.com/~lynn/2011p.html#9 The Dumbest Idea In The World: Maximizing Shareholder Value
https://www.garlic.com/~lynn/2011p.html#12 Why are organizations sticking with mainframes?
https://www.garlic.com/~lynn/2011p.html#16 John Robb on the OODA-Loop
https://www.garlic.com/~lynn/2011p.html#23 Security 2012: Blood in the Water
https://www.garlic.com/~lynn/2011p.html#24 Case Study: SOX IT Compliance
https://www.garlic.com/~lynn/2011p.html#29 21st Century Management approach?
https://www.garlic.com/~lynn/2011p.html#30 21st Century Management approach?
https://www.garlic.com/~lynn/2011p.html#31 21st Century Management approach?
https://www.garlic.com/~lynn/2011p.html#92 Bank Failures Cost $88 Billion
https://www.garlic.com/~lynn/2011p.html#110 Loan Originators
https://www.garlic.com/~lynn/2011p.html#130 vampires in financial infrastructure
https://www.garlic.com/~lynn/2011p.html#137 The High Cost of Failing Artificial Hips
https://www.garlic.com/~lynn/2011p.html#138 Thinking, Fast & Slow
https://www.garlic.com/~lynn/2011p.html#147 The Myth of Work-Life Balance
https://www.garlic.com/~lynn/2012.html#1 The war on terabytes
https://www.garlic.com/~lynn/2012.html#5 We are on the brink of a historic decision [referring to defence cuts]
https://www.garlic.com/~lynn/2012.html#18 SEC v. Citigroup, How to Avoid (Greater) Disaster
https://www.garlic.com/~lynn/2012.html#26 What's your favorite quote on "accountability"?
https://www.garlic.com/~lynn/2012.html#70 Regulatory Agency logo
https://www.garlic.com/~lynn/2012b.html#19 "Buffett Tax" and truth in numbers
https://www.garlic.com/~lynn/2012b.html#44 What's the most interesting thing you do in your non-work life?
https://www.garlic.com/~lynn/2012b.html#53 Can America Lead the World's Fight Against Corruption?
https://www.garlic.com/~lynn/2012b.html#54 The New Age Bounty Hunger -- Showdown at the SEC Corral
https://www.garlic.com/~lynn/2012b.html#87 The Benefit and The Burden
https://www.garlic.com/~lynn/2012c.html#0 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#4 Bank of America Fined $1 Billion for Mortgage Fraud
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 19 Feb, 2012 Subject: Strategy subsumes culture Blog: Boyd Strategyre:
Choosing middle ground between two extremes sounds more like compromise. Boyd would talk about constantly viewing from every possible aspect/facet (to find balance, reach understanding). Simplification has come up in recent OODA-loop discussion viewing it as a methodical step-by-step iteration ... where the simplification resulted in loss of the original sense. There is a line about something being done ... not when there is nothing left to add ... but when there is nothing left to remove.
In Boyd To Be or To Do ... it isn't compromise ... from Chet's old:
http://www.belisarius.com/modern_business_strategy/mie/mie_33.htm
https://web.archive.org/web/20020217191358/http://belisarius.com/modern_business_strategy/moore/mie_33.htm
"There are two career paths in front of you, and you have to choose
which path you will follow. One path leads to promotions, titles, and
positions of distinction.... The other path leads to doing things that
are truly significant for the Air Force, but the rewards will quite
often be a kick in the stomach because you may have to cross swords
with the party line on occasion. You can't go down both paths, you
have to choose. Do you want to be a man of distinction or do you want
to do things that really influence the shape of the Air Force? To be
or to do, that is the question." Colonel John R. Boyd, USAF 1927-1997
From the dedication of Boyd Hall, United States Air Force Weapons
School, Nellis Air Force Base, Nevada. 17 September 1999
.... snip ...
from defense-and-society.org ... also gone 404 but lives on at wayback
machine
https://web.archive.org/web/20010412225142/http://www.defense-and-society.org/FCS_Folder/comments/c199.htm
... also here:
http://radio-weblogs.com/0107127/stories/2002/12/23/genghisJohnChuckSpinneysBioOfJohnBoyd.html
This statement went to the core of a puritanical ethos. For the Ghetto
Colonel, life revolved around a simple choice: To be or to do? He
could be somebody, with all the shallow accoutrements of power and
small achievements -- high rank, a big office in the Pentagon's
E-ring, and a big post-retirement job with a defense contractor -- or
he could do important things and make a real contribution to
society. The Ghetto Colonel was more interested in doing things than
in being somebody, so he cranked down his needs. His choice really was
very simple and logical, if somewhat bizarre and indecipherable to the
inhabitants of Sodom on the Potomac.
.... snip ...
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Authorized functions Newsgroups: bit.listserv.ibm-main Date: 19 Feb 2012 17:43:15 -0800zedgarhoover@GMAIL.COM (zMan) writes:
some of the CTSS people went to the 5th flr of 545 tech sq and MULTICS
and others went to the 4th flr of 545 tech sq and the ibm cambridge
science center ... where cp40/cms was done (both MULTICS and cp40/cms
derivative of CTSS). science center was formed 1feb1964 ... 1982 SEAS
presentation on cp40/cms
https://www.garlic.com/~lynn/cp40seas1982.txt
misc. past posts mentioning science center
https://www.garlic.com/~lynn/subtopic.html#545tech
cms (cambridge monitor system) was originally developed running stand-alone on 360/40 using 1052-7 operator's console for input/output.
the same machine had special hardware added to provide virtual memory support which was used for the development of (virtual machine) cp40.
when standard 30/67 with virtual memory became available, cp40 morphed into cp67 ... cms continued to run both on stand-alone 360 as well as in cp67 virtual machine.
with virtual memory on 370, cp67 morphed into vm370 and cms was renamed to "conversational monitor system" ... and ability to run stand-alone was crippled.
A little other ctss history is this email subject recent in a.f.c.
https://www.garlic.com/~lynn/2012c.html#10 Inventor of e-mail honored by Smithsonian
https://www.garlic.com/~lynn/2012c.html#12 Inventor of e-mail honored by Smithsonian
several references included:
The History of Electronic Mail
https://www.multicians.org/thvv/mail-history.html
The technology for the corpoate internal network was also done
at the science center ... some past posts
https://www.garlic.com/~lynn/subnetwork.html#internalnet
which was larger than the arpanet/internet from just about the beginning
until late '85 or early '86. Some recent references in this a.f.c.
thread:
https://www.garlic.com/~lynn/2012c.html#9 The PC industry is heading for collapse
there were several projects during the 80s to adapt CMS to GUI displays
... but it was somewhat anti-thetical to the corporate terminal
emulation paradigm. old post about running internal corporate adtech
conference spring '82 on various aspects of the subject:
https://www.garlic.com/~lynn/94.html#22
https://www.garlic.com/~lynn/96.html#4a
one the presentations happened to be CMS running on MVS ... there had
recently been a new corporate strategy direction that CMS would be the
official interactive platform. CMS on MVS (as alternative to TSO) didn't
actually help things a lot ... since a lot of the problems are in base
MVS (not solely in TSO).
https://www.garlic.com/~lynn/2012.html#email821027
in this post
https://www.garlic.com/~lynn/2012.html#12 Who originated the phrase "user-friendly"?
also has ibm jargon definition for "bad response"
I even got a request from the TSO product admin if I would rewrite the
MVS scheduler (attempting to address some of the MVS structural problem
with providing interactive service):
https://www.garlic.com/~lynn/2006b.html#email800310
other drift semi-related old email about cms/xa
https://www.garlic.com/~lynn/2011b.html#email821026
https://www.garlic.com/~lynn/2011b.html#email840626
https://www.garlic.com/~lynn/2011b.html#email841003
slightly related
https://www.garlic.com/~lynn/2011e.html#email870508
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: 5 Byte Device Addresses? Newsgroups: bit.listserv.ibm-main Date: 19 Feb 2012 19:51:51 -0800glen herrmannsfeldt <gah@ugcs.caltech.edu> writes:
In OS/VS2 SVS it had single 16mbyte virtual memory laid out almost as if MVT running in 16mbyte real machine. When MVT ran in virtual machine ... when a virtual SIO was done ... CP67 would scan the virtual channel program and create a "shadow" copy with "real" addresses ... which would be the channel program that got executed. This routine from cp67 (ccwtrans) was cribbed into the side of EXCP processing ... i.e. with transition to virtual memory then all the OSes had the same issue with channel programs passed in EXCP ... needing creating nearly identical channel programs but with "real" addresses in place of virtual addresses.
In OS/VS1 case, it had things laid out in a 4mbyte virtual address space (as if it was running on real 4mbyte machine). In the OS/VS1 handshaking case ... a 4mbyte virtual machine was created with OS/VS1 4mbyte virtual address space mapped one-for-one to the virtual machine address space. Whenever, vm370 had a os/vs1 virtual machine page fault ... if the machine was running in application (and not in os/vs1 kernel) ... vm370 would reflect special page fault to the virtual machine. OS/VS1 could then do task-switch as if it was a OS/VS1 application virtual page fault. Later when vm370 had fetched the OS/VS1 virtual machine virtual page ... vm370 would reflect a special interrupt to OS/VS1 (indicating the page was available).
From Melinda's "VM and the VM Community"
https://www.leeandmelindavarian.com/Melinda#VMHist
Dewayne Hendricks reported at SHARE XLII, in March, 1974, that he had
successfully implemented MVT-CP handshaking for page faulting, so that
when MVT running under VM took a page fault, CP would allow MVT to
dispatch another task while CP brought in the page. At the following
SHARE, Dewayne did a presentation on further modifications, including
support for SIOF and a memory-mapped job queue. With these changes,
his system would allow multitasking guests actually to multitask when
running in a virtual machine. Significantly, his modifications
were available on the Waterloo Tape.
... and ... then was able to get MFT & MVT running faster
under vm370 than it ran on "bare" machine:
By SHARE 49, Dewayne was able to state that, It is now generally
understood that either MFT or MVT can run under VM/370 with relative
batch throughput greater than 1. That is to say, they had both been
made to run significantly faster under VM than on the bare hardware.
Dewayne and others did similar work to improve the performance of DOS
under VM. Other customers, notably Woody Garnett and John Alvord,
soon achieved excellent results with VS1 under VM.
... snip ...
There is a separate issue with OS/VS2 (of any ilk) running under vm370 ... which is pathelogical case of a virtual memory operating system system managing with least recently algorithm in virtual machine which manages its virtual memory with least recently algorithm. The scenario is that a virtual machine page that hasn't been used for awhile ... is the virtual page that vm370 is likely to select for replacement/removal. However, the operating system in the virtual machine ... if it is also doing paging ... may also select the very same page to be the next one to use (after it has just been selected for removal). From a theoritical standpoint cascading LRU-algorithms will appear to violate least-recently-used replacement assumptions (i.e. a least-recently-used page can be the next most likely to be used rather than the least likely to be next used).
This characteristic also exhibits itself with DBMS caches that are managed with LRU strategy when running in a virtual memory operating system that also manages with LRU strategy.
The VS1 handshaking isn't actually a double paging issue ... that was handled by configuration of VS1's virtual address space the same as the virtual machine storage size. The handshaking worked with MVT&MFT as well as VS1 ... allowing the guest operating system to task switch while vm370 was handling page fault.
more detailed discussion pg.25 vm/vs handshaking
http://www.bitsavers.org/pdf/ibm/370/vm370/GC20-1800-6_VM370intr_Oct76.pdf
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: 5 Byte Device Addresses? Newsgroups: bit.listserv.ibm-main Date: 20 Feb 2012 08:02:49 -0800glen herrmannsfeldt <gah@ugcs.caltech.edu> writes:
"least recently used" is well studied characteristic ... that says that of all the current virtual pages ... the current least recently used page is the least likely to be used in the future. since the least recently used page is the least likely to be used in the future it becomes the basis for "LRU replacement algorithms" ... trying to select the least likely to be used page (based on being the least recently used).
so lots of systems have implemented LRU replacement algorithms based on well studied program behavior ... although they all may have slightly different code implementations ... they would tend to select approximately the same virtual page for replacement.
so running a "LRU strategy" under a "LRU strategy" ... vm370 will look at all the virtual machine pages and select the least recently used for replacement. The guest operating system will be looking at all its virtual pages and select the least recently used for replacement. The issue is that the guest virtual page that is selected for replacement occupies a guest virtual machine page ... and usage patterns are based on the same criteria. The result is vm370 will remove/replace a virtual machine page when it hasn't been used while the guest operating system will select the contents of the same virtual machine page for its replacement and start using that same virtual machine page with a different guest operating system virtual page.
The effect is from the vm370 stand-point, the guest operating system is violating all the studies that have shown that the least recently used (virtual machine) virtual page is the least likely to be used in the future (because the guest operating system wants to select that same virtual machine page for use for replacement).
There are other ways of treaking the algorithms. Lots of the AOS protype stuff for what would become OS/VS2 SVS came from cp67 ... like cp67's channel program translator, "CCWTRANS" was cobbled into the side of EXCP processing. However the POK performance group came up with a tweak for SVS LRU-replacement algorithm, before it first shipped. They observed if they selected/replaced "non-changed" LRU pages before "changed" pages ... they wouldn't first have to write the current virtual page to disk before being able to fetch the replacement page into the location. I argued strongly against it since it significantly distorted the LRU relationship ... but they went ahead anyway. Well late into the MVS release cycle, they "discovered" that the strategy resulted in choosing for replacement; higher-use, shared, non-changed linkpack virtual pages before lower-use, non-shared, private, changed application specific virtual pages. The cast had changed in POK and new people got awards for fixing the earlier work having done it wrong ... and somebody eventually contacted me if something similar could be fixed in vm370. My reply was that I had never done it that way since I was undergraduate in the 60s.
lots of past posts mentioning virtual memory management and page
replacement algorithms
https://www.garlic.com/~lynn/subtopic.html#clock
My 60s undergraduate work got me sucked into an academic uproar ... Jim
Gray had left for Tandem but at 14-16Dec1981 ACM SIGOPS meeting asked me
if I could lend a hand with somebody trying to get their Stanford
PHD. It involved an area that I had originally worked on as
undergraduate in the 60s. I had done something different than what was
being done in the academic circles in the 60s. The primary person behind
the 60s academic work was violently objecting to the Stanford PHD being
awarded (because it was in conflict with his work). My work was being
shipped in cp67. However, in the early 70s, the Grenoble Science Center
had modified their version of cp67 to correspond with the 60s academic
strategy. The Cambridge Science Center 360/67 with 768k memory (104
pageable pages after fixed kernel storage requirements) with my strategy
gave about the same performance with 80 users as the Genoble Sicence
Center 360/67 with 1mbyte memory (154 pageable pages after fixed kernel
storage requirements) with 35 users (almost identical workloads). CSC
360/67, with my strategy could support approx. twice the number of users
as GCS 360/67 with the academic strategy (and 50% more pageable
storage). It was possibly the only direct apples-to-apples comparison
of my strategy and the 60s academic strategy. Past post on the subject
https://www.garlic.com/~lynn/2006w.html#46
the above contains this response that I was finally allowed to send
nearly a year later (after the request at ACM SIGOPS)
https://www.garlic.com/~lynn/2006w.html#email821019
I prefer to think that the delay in allowing me to send the response was
part of general corporate punishment that I was getting as being blamed
for online computer conferncing on the internal network in the late 70s
and early 80s ... as opposed to the corporation taking sides in the
academic dispute. from ibm jargon:
Tandem Memos - n. Something constructive but hard to control; a fresh
of breath air (sic). That's another Tandem Memos. A phrase to worry
middle management. It refers to the computer-based conference (widely
distributed in 1981) in which many technical personnel expressed
dissatisfaction with the tools available to them at that time, and
also constructively criticized the way products were [are]
developed. The memos are required reading for anyone with a serious
interest in quality products. If you have not seen the memos, try
reading the November 1981 Datamation summary.
... snip ...
folklore is that when the executive committee (chairman, ceo, pres, etc)
was informed about online computer conferencing (and the internal
network), five-of-six wanted to fire me. misc. past posts mentioning
internal network
https://www.garlic.com/~lynn/subnetwork.html#internalnet
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 20 Feb, 2012 Subject: Strategy subsumes culture Blog: Boyd Strategyre:
and possibly something similar ... from a different angle
Culture Vs. Strategy Is A False Choice
http://www.fastcompany.com/1817137/culture-vs-strategy-is-a-false-choice
from above:
Ultimately, the culture versus strategy question is a false
choice. It's like asking whether you would rather back a great poker
player with weak cards or an average player with great cards. You're
more likely to win when you have both: a great player and great
cards. The same goes for culture and strategy. You don't have to
choose. Culture doesn't eat strategy, and the company that lets
culture do so is likely to starve.
... snip ...
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 17 Feb, 2012 Subject: Occupy the SEC Pitches An Extreme Makeover of Wall Street Blog: FacebookOccupy the SEC Pitches An Extreme Makeover of Wall Street
recent similar facebook reference:
https://www.garlic.com/~lynn/2012c.html#2 Occupy the SEC (Securities & Exchange Commission)
Recent post about Dodd's SOPA crusading
https://www.garlic.com/~lynn/2012.html#72
references item from "Confidence Men" about Dodd having gutted Volcker
Rule. Also reference in "Age of Greed" about Dodd being "Friend of
Angelo" ... Angelo #1 on Time's list of those responsible for current
financial crisis ... recent reference to time article:
https://www.garlic.com/~lynn/2012b.html#95
also: SEC Surrender Continues With Bear Bankers Deal
http://www.bloomberg.com/news/2012-02-20/sec-surrender-goes-on-with-bear-fund-deal-commentary-by-william-d-cohan.html
other recent posts mentioning SEC:
https://www.garlic.com/~lynn/2012.html#1 The war on terabytes
https://www.garlic.com/~lynn/2012.html#5 We are on the brink of a historic decision [referring to defence cuts]
https://www.garlic.com/~lynn/2012.html#18 SEC v. Citigroup, How to Avoid (Greater) Disaster
https://www.garlic.com/~lynn/2012.html#26 What's your favorite quote on "accountability"?
https://www.garlic.com/~lynn/2012.html#70 Regulatory Agency logo
https://www.garlic.com/~lynn/2012.html#97 Is SSL Cert Holder ID Verification A Joke?
https://www.garlic.com/~lynn/2012b.html#19 "Buffett Tax" and truth in numbers
https://www.garlic.com/~lynn/2012b.html#44 What's the most interesting thing you do in your non-work life?
https://www.garlic.com/~lynn/2012b.html#53 Can America Lead the World's Fight Against Corruption?
https://www.garlic.com/~lynn/2012b.html#54 The New Age Bounty Hunger -- Showdown at the SEC Corral
https://www.garlic.com/~lynn/2012b.html#62 An approach to Dump formatting of Control Blocks
https://www.garlic.com/~lynn/2012b.html#67 How Economists Contributed to the Financial Crisis
https://www.garlic.com/~lynn/2012b.html#71 Password shortcomings
https://www.garlic.com/~lynn/2012b.html#87 The Benefit and The Burden
https://www.garlic.com/~lynn/2012b.html#90 IBM Doing Some Restructuring?
https://www.garlic.com/~lynn/2012b.html#95 Bank of America Fined $1 Billion for Mortgage Fraud
https://www.garlic.com/~lynn/2012c.html#0 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#4 Bank of America Fined $1 Billion for Mortgage Fraud
https://www.garlic.com/~lynn/2012c.html#5 Too big not to fail
https://www.garlic.com/~lynn/2012c.html#7 The Convergence of PKI
https://www.garlic.com/~lynn/2012c.html#13 Study links ultrafast machine trading with risk of crash
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: M68k add to memory is not a mistake any more Newsgroups: comp.arch Date: Tue, 21 Feb 2012 09:57:48 -0500Michael S <already5chosen@yahoo.com> writes:
in the wake of the future system failure in the mid-70s and mad rush to
get item back into the 370 product pipelines ... in parallel they
started also working on 370-xa ... which was going to first be available
on 3081 in the early 80s. 370-xa eventually came to be called "811" for
the nov1978 date on a lot of the first specification documents. misc.
past posts mentioning future system
https://www.garlic.com/~lynn/submain.html#futuresys
one of the issues was to have some short of hardware request queueing that next queued request could immediately redrive the device w/o having to wait for the system to handle interrupt from the current request and then system device driver restart the device.
in the late 70s, one of the things they let me do was play disk engineer in bldgs. 14&15 ... partially because I significantly enhanced their test environment. They were running stand-alone, 7x24, around the clock dedicated testing schedules for their mainframes. At one point they had tried to use MVS operating system for doing concurrent testing, but found that MVS had 15min MTBF with only single test device. I offered to rewrite the I/O subsystem to be bullet-proof and never fail ... so they could do any kind of on-demand concurrent testing (eliminating the around-the-clock pre-scheduled testing) ... greatly improving development productivity.
For the fun of it, I then tried to make 370 device redrive latency come as close as possible to the proposed 370-xa hardware (superfast pathlength from time took interrupt until any queued request redrove the device).
This then ran into problems with the new disk controller under development. The previous generation 3830 disk controller had fast horizontal microcode engine. The new generation 3880 disk controller had slow vertical microcode engine for control operations with special hardware path for data transfer. There was requirement that 3880 was within +/-5pecent performance of 3830 ... but it wasn't. So they tried to tweak the 3880 control logic to present end-of-operation early ... before controller had completed all cleanup operation ... under the assumption that the controller could complete the operation before the system software had serviced the interrupt and got around to hitting the controller with the next queued operation. Problem was my "fast code" could attempt to redrive the next queued operation before the controller had actually finished the cleanup stuff ... and the controller had to reject the request with controller busy.
The net was that the 3880 early interrupt trying to (appear to) close the performance gap with 3830 ... resulted in making things much worse ... if the queued request device redrive happened before the controller had actually finished.
misc. past posts mentioning getting to play disk engineer
https://www.garlic.com/~lynn/subtopic.html#disk
one of the side effects of providing the test environment, was I would be the 1st blamed when something wasn't working ... which dragged me into diagnosing what was going on ... increasingly were problems in the hardware (not the software) ... sucking me more into playing disk engineer.
this has discussion of future system
https://people.computing.clemson.edu/~mark/fs.html
this has discussion of future system and 3081
http://www.jfsowa.com/computer/memo125.htm
this has survey and taxonomy of i/o systems
http://www.cs.clemson.edu/~mark/io_hist.html
which has some amount to say about 370 synchronous redrive and 370-xa where path busy queueing handled by channel subsystem.
IBM JR&D are behind IEEE paywall
http://ieeexplore.ieee.org/Xplore/login.jsp?reload=true&url=http%3A%2F%2Fieeexplore.ieee.org%2Fiel5%2F5288520%2F5390413%2F05390415.pdf%3Farnumber%3D5390415&authDecision=-203
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 21 Feb, 2012 Subject: Study links ultrafast trading with risk of crash Blog: Google+re:
Study links ultrafast machine trading with risk of crash
http://www.physorg.com/news/2012-02-links-ultrafast-machine.html
additional comments from linkedin/closed Financial
crime/risk/fraud/security group ... archived here:
https://www.garlic.com/~lynn/2012c.html#13
Another recent post
https://www.garlic.com/~lynn/2012.html#87
has some reference to Kamakura which does lots of sophisticated risk
analysis
but then there is this
HFT no threat to financial stability - Swedish watchdog
http://www.finextra.com/news/Fullstory.aspx?newsitemid=23445
doesn't appear to have as much as analysis ... but does raise the issue of market abuse/fraud ... which already appears to be significant w/o HFT.
somewhat related this recent post
https://www.garlic.com/~lynn/2012c.html#19 Occupy the SEC Pitches An Extreme Makeover of Wall Street
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 21 Feb, 2012 Subject: You can't do the math without the words Blog: Google+re:
You can't do the math without the words
http://www.physorg.com/news/2012-02-math-words.html
I've known (small number of) people who do complex numerical
calculations ("in their heads") w/o words. from article: "I'm
interested in how the language you speak affects the way that you
think". I had been blamed for online computer conferencing in the late
70s&early 80s ... somewhat as a result a researcher was paid to set in
the back of my office and take notes on how I communicated, they also
got copies of all my incoming & outgoing email as well as logs of all
instant messages. The results was also used for Stanford phd thesis
(joint w/language & computer ai) as well as some number of papers and
books). Part of the subject was thinking outside of language. misc.
past posts mentioning computer mediated conversation
https://www.garlic.com/~lynn/subnetwork.html#cmc
My wife's father was given a set of Fiske's history lectures (circa 1880s) for some distinction at West Point. One of the observations is that the structure of the current US gov. is largely because of the influence of Scottish immigrants in the mid-Atlantic states ... if it had been left to the English immigrants, the form of US gov. would have been much closer to that of England (with Monarch).
There is recent discussion of the invention of printing in
a.f.c. which was enabler for all sorts of things ... at the time I was
reading "The Man Who Loved China" ... Englishman who wanted to know
what happened to all of China's inventions ... that they were way
ahead of Europe until about 1500 and then fell way behind. Some of
this is also discussed in Diamond's book about how societies choose to
fail or succeed.
https://www.garlic.com/~lynn/2012b.html#77 The PC industry is heading for collapse
other posts mentioning "The Man Who Loved China" &/or Diamond's books
https://www.garlic.com/~lynn/2011j.html#59 Why did the OODA-loop tactic grow into a strategy?
https://www.garlic.com/~lynn/2011j.html#61 Why did the OODA-loop tactic grow into a strategy?
https://www.garlic.com/~lynn/2011k.html#1 Lessons Learned
https://www.garlic.com/~lynn/2011k.html#88 Justifying application of Boyd to a project manager
https://www.garlic.com/~lynn/2011l.html#44 Kabuki Theater 1603-1629
https://www.garlic.com/~lynn/2011l.html#46 computer bootlaces
https://www.garlic.com/~lynn/2011l.html#54 Why stability trumps innovation
https://www.garlic.com/~lynn/2011m.html#52 Chinese researchers say early climate changes responsible for human crisis
https://www.garlic.com/~lynn/2012b.html#33 The PC industry is heading for collapse
https://www.garlic.com/~lynn/2012b.html#34 The PC industry is heading for collapse
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: M68k add to memory is not a mistake any more Newsgroups: comp.arch Date: Tue, 21 Feb 2012 14:27:58 -0500MitchAlsup <MitchAlsup@aol.com> writes:
when cp67 was originally delivered to the univ in jan1968 ... it used fifo queuing and single request at a time (for page operations).
the 360/67 had 2301 fixed-head drum for paging and 2314s for page overflow and files.
with single request queuing, 2301 maxed out at about 80 page transfers per second, interrupt latency redrive, avg. rotational delay, etc .. for each operation. the 2301 "format" was nine 4k page records on pair of tracks (i.e. 5th record was end of one track and start of next). I did the changes for chained requests ... carefully constructed "chained" requests could do 9 4k page transfers in two revoluations ... and longer chains mitigated the interrupt processing latency redrive and avg. rotational delay to start request. As a result, page i/o thruput had much more graceful degradation (peak become nearly 300/sec, not the brick wall at about 80 transfers per second).
I also did ordered arm seek queuing for all queued 2314 requests (maximize throughput as arm moved across disk surface) ... as well as "chained" requests for any ("overflow") page requests queued for the same cylinder/arm position (attempting to maximize page transfers per revoluation) ... which also help significantly with gradeful degradation as load increased (larger the number of queued requests ... potentially more optimal the ordered&chained servicing became).
for 370, disk division introduced RPS (rotational position sensing) for both 3330 disks and 2305 fixed-head disk. 360/370 I/O channel programs tended to required dedicated channel busy from the start of the request until the finish ... which included any rotational delay before start of desired record. RPS allowed for channel I/O program to free the channel while device was being positioned and then request reconnect for actual data transfer (in theory increasing the aggregate number of requests per second a channel could service).
The 2305 also added "multiple-exposures" ... which had 8 simulated device addresses ... all of which could have an active pending request. Carefully formating the records on 2305 tracks and single page request per "exposure" (psuedo device address) ... the hardware would service the pending requests from the different psuedo-devices and mask the synchronous interrupt/device restart latency as well as avg. rotational delay latency (present ending interrupt but then hardware able to immediately switch and service already pending request from one of the other psuedo-device addresses).
In some sense, the 370-xa queued i/o enhancements was somewhat generalizing what the disk division had started with the 2305 multiple-exposures.
for other folklore tale ... I had gotten con'ed in to helping Santa Teresa labs when they filled up and need to move 300 from the IMS DBMS group to an offsite building. They were use to local vm370/cms 3270 terminal performance ... and had tested "remote" 3270 terminal controller throughput (ran over 19.6kbit/sec lines) and found the human factors intolerable. I was asked to write the driver support for NSC HYPERchannel that supported channel-extender operation over T1 (local channel attach HYPERchannel A220 and at the remote end a A51x remote device adapter than simulated a mainframe channel ... that local mainframe controllers could attach to).
The net was that they couldn't really tell the difference between
vm370/cms response at the remote location compared to purely local
operation. It also had a side-effect improving aggregate system
throughput by 10-15%. The issue was that the 3270 terminal controller
had really slow controller and standard configuration was to spread 3270
controllers and disk controllers across all available channels. The NSC
HYPERchannel A220 had much lower channel busy overhead, compared to
doing 3270 controlers for the same operation. Getting the 3270
controllers off directly connecting to real channel significantly
lowered channel busy for those operations ... allowing more disk
operations. misc. past posts doing various things with NSC HYPERchannel
https://www.garlic.com/~lynn/subnetwork.html#hsdt
now back to the previous post ... the 3880 controller with its slow
processor had higher channel busy (to do the same operations as 3830
controller) as well as taking longer ... reducing the number of
operations that could be done per second. misc. past posts getting
to play disk engineer in bldg. 14&15
https://www.garlic.com/~lynn/subtopic.html#disk
the follow-on to the mainframe 3081 processor was the 3090.
https://web.archive.org/web/20230719145910/https://www.ibm.com/ibm/history/exhibits/mainframe/mainframe_PP3090.html
the mainframe group had "sized" the number of 3090 channels to achieve specific level of total system throughput ... based on the assumption that 3880 channel busy characteristics were similar to that of 3830 ... which it was not. As a result, they had to significantly increase the number of 3090 channels ... in order to handle the additional channel busy and achieve the necessary aggregate system throughput. The additional channels required an additional TCM ... which was a significant bump in manufacturing costs of 3090.
There were jokes that the processor division 3090 product group was going to charge off the expense of the additional TCM to the disk division 3880 controller group. This is also somewhat major cause of the folklore that mainframes have enormous more I/O thruput because of the enormous number of channels ... when a big bump in the number of mainframe channels was actually attempting to compensate for the significant 3880 controller channel busy.
for other folklore the 3090 references mentions the 3092 and requiring
two 3370 "FBA" disks ... this is even tho the common batch operating
system was MVS which only supported CKD disks ... and never has had
"FBA" support ... even until this day ... when there haven't been real
"CKD" disks made for decades (being simulated on "FBA" disks) ...
past posts mentioning CKD/FBA issues
https://www.garlic.com/~lynn/submain.html#dasd
Turns out that the 3092 "service processor" is a pair of 4361s running a
highly customized version of vm370 release 6 ... which were using the
3370 FBA disks. a couple old email refs
https://www.garlic.com/~lynn/2010e.html#email861031
https://www.garlic.com/~lynn/2010e.html#email861223
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 21 Feb, 2012 Subject: Original Thinking Is Hard, Where Good Ideas Come From Blog: Greater IBMpart of post x-over from recent Greater IBM cloud computing thread ... archived here
for a little additional historic drift ...
before ms/dos there was seattle computer,
https://en.wikipedia.org/wiki/MS-DOS
before seattle computer there was cp/m,
https://en.wikipedia.org/wiki/Seattle_Computer_Products
before cp/m there was cp67/cms
https://en.wikipedia.org/wiki/CP/M
kildall worked on cp67/cms at npg (gone 404, but lives on at the
wayback machine)
https://web.archive.org/web/20071011100440/http://www.khet.net/gmc/docs/museum/en_cpmName.html
npg
https://en.wikipedia.org/wiki/Naval_Postgraduate_School
cp67/cms
https://en.wikipedia.org/wiki/CP/CMS
note that the above mentions CTSS is common ancestor to a number of hings.
above mentions first release may 1968, however three people came out
from cambridge science center the last week of jan 1968 and installed
cp67/cms at the univ. ... misc. past posts mentioning science center
https://www.garlic.com/~lynn/subtopic.html#545tech
... snip ...
other recent posts mentioning ms-dos, seattle computing, cp/m, cp/6y
https://www.garlic.com/~lynn/2011n.html#89 Innovation and iconoclasm7
https://www.garlic.com/~lynn/2012.html#96 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012.html#100 The PC industry is heading for collapse
the cambridge science center effort started with 360/40 ... CMS was
the cambridge monitor system ... it was developed as personal
computing system that ran on the 360/40 and used the 1052-7 operator's
console as the input/output terminal. In parallel they added virtual
memory hardware to 360/40 and started development of virtual machine
cp/40 (when it was done, CMS ran on both bare hardware and/or in a
cp40 virtual machine). 1982 seas presentation on cp40
https://www.garlic.com/~lynn/cp40seas1982.txt
later when 360/67 become available with standard virtual memory, cp40 morphed into cp67. later when 370 with virtual memory, cp67 morphed into vm370 and cms morphed into conversational monitor system (and running on real hardware capability was crippled)
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 21 Feb, 2012 Subject: Goldman Sachs P.R. Chief's Accidental Exit Interview Blog: Google+re:
Goldman Sachs P.R. Chief's Accidental Exit Interview
http://dealbook.nytimes.com/2012/02/17/goldman-sachs-p-r-chiefs-accidental-exit-interview/
from above:
Greed and jealousy and sloth are all unfortunate traits of human
nature," he said. "I'm not sure you can actually come up with a system
that prevents people from being greedy or jealous or lazy. But I think
that you can come up with a system which doesn't reward that kind of
behavior.
... snip ...
... with regard to being able to regulate ... this came up in the congressional Madoff hearings with the person that tried unsuccessfully for a decade to get SEC to do something about Madoff. He was asked if new regulations were needed. He replied that while new regulations might be needed, much more important would be transparency & visitiblity (which would be a major paradigm shift for the current wall street culture)
misc. past posts mentioning Madoff hearings:
https://www.garlic.com/~lynn/2009b.html#65 What can agencies such as the SEC do to insure us that something like Madoff's Ponzi scheme will never happen again?
https://www.garlic.com/~lynn/2009b.html#73 What can we learn from the meltdown?
https://www.garlic.com/~lynn/2009b.html#80 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#0 Audit II: Two more scary words: Sarbanes-Oxley
https://www.garlic.com/~lynn/2009c.html#20 Decision Making or Instinctive Steering?
https://www.garlic.com/~lynn/2009c.html#51 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009d.html#37 NEW SEC (Enforcement) MANUAL, A welcome addition
https://www.garlic.com/~lynn/2009d.html#42 Bernard Madoff Is Jailed After Pleading Guilty -- are there more "Madoff's" out there?
https://www.garlic.com/~lynn/2009d.html#47 Bernard Madoff Is Jailed After Pleading Guilty -- are there more "Madoff's" out there?
https://www.garlic.com/~lynn/2009d.html#61 Quiz: Evaluate your level of Spreadsheet risk
https://www.garlic.com/~lynn/2009d.html#62 Is Wall Street World's Largest Ponzi Scheme where Madoff is Just a Poster Child?
https://www.garlic.com/~lynn/2009d.html#63 Do bonuses foster unethical conduct?
https://www.garlic.com/~lynn/2009d.html#75 Whistleblowing and reporting fraud
https://www.garlic.com/~lynn/2009e.html#0 What is swap in the financial market?
https://www.garlic.com/~lynn/2009e.html#15 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009e.html#36 Architectural Diversity
https://www.garlic.com/~lynn/2009e.html#37 How do you see ethics playing a role in your organizations current or past?
https://www.garlic.com/~lynn/2009e.html#53 Are the "brightest minds in finance" finally onto something?
https://www.garlic.com/~lynn/2009f.html#2 CEO pay sinks - Wall Street Journal/Hay Group survey results just released
https://www.garlic.com/~lynn/2009f.html#45 Artificial Intelligence to tackle rogue traders
https://www.garlic.com/~lynn/2009f.html#51 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#67 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#7 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#29 Transparency and Visibility
https://www.garlic.com/~lynn/2009g.html#33 Treating the Web As an Archive
https://www.garlic.com/~lynn/2009h.html#17 REGULATOR ROLE IN THE LIGHT OF RECENT FINANCIAL SCANDALS
https://www.garlic.com/~lynn/2009i.html#23 Why are z/OS people reluctant to use z/OS UNIX? (Are settlements a good argument for overnight batch COBOL ?)
https://www.garlic.com/~lynn/2009i.html#60 In the USA "financial regulator seeks power to curb excess speculation."
https://www.garlic.com/~lynn/2009j.html#12 IBM identity manager goes big on role control
https://www.garlic.com/~lynn/2009j.html#30 An Amazing Document On Madoff Said To Have Been Sent To SEC In 2005
https://www.garlic.com/~lynn/2009o.html#71 "Rat Your Boss" or "Rats to Riches," the New SEC
https://www.garlic.com/~lynn/2009s.html#47 Audits VII: the future of the Audit is in your hands
https://www.garlic.com/~lynn/2010f.html#56 Handling multicore CPUs; what the competition is thinking
https://www.garlic.com/~lynn/2010h.html#31 In the News: SEC storms the 'Castle'
https://www.garlic.com/~lynn/2010h.html#41 Profiling of fraudsters
https://www.garlic.com/~lynn/2010h.html#43 COBOL - no longer being taught - is a problem
https://www.garlic.com/~lynn/2010h.html#67 The Python and the Mongoose: it helps if you know the rules of engagement
https://www.garlic.com/~lynn/2010h.html#69 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010i.html#34 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010l.html#38 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010o.html#37 WHAT, WHY AND HOW - FRAUD, IMPACT OF AUDIT
https://www.garlic.com/~lynn/2010o.html#71 They always think we don't understand
https://www.garlic.com/~lynn/2010o.html#76 E-commerce smackdown as PCI standards revised
https://www.garlic.com/~lynn/2010p.html#6 What banking is. (Essential for predicting the end of finance as we know it.)
https://www.garlic.com/~lynn/2010q.html#53 Programmer Charged with thieft (maybe off topic)
https://www.garlic.com/~lynn/2011.html#46 What do you think about fraud prevention in the governments?
https://www.garlic.com/~lynn/2011.html#48 What do you think about fraud prevention in the governments?
https://www.garlic.com/~lynn/2011b.html#21 New-home sales in 2010 fall to lowest in 47 years
https://www.garlic.com/~lynn/2011b.html#42 Productivity And Bubbles
https://www.garlic.com/~lynn/2011e.html#56 In your opinon, what is the highest risk of financial fraud for a corporation ?
https://www.garlic.com/~lynn/2011f.html#82 Bank email archives thrown open in financial crash report
https://www.garlic.com/~lynn/2011f.html#88 Court OKs Firing of Boeing Computer-Security Whistleblowers
https://www.garlic.com/~lynn/2011g.html#5 How they failed to catch Madoff
https://www.garlic.com/~lynn/2011g.html#40 Fight Fraud with Device ID
https://www.garlic.com/~lynn/2011g.html#47 Lords: Auditors guilty of 'dereliction of duty'
https://www.garlic.com/~lynn/2011g.html#52 Enron: The Smartest Guys in the Room
https://www.garlic.com/~lynn/2011h.html#5 Home prices may drop another 25%, Shiller predicts
https://www.garlic.com/~lynn/2011h.html#66 Senate Democrats Ask House to Boost SEC Funding
https://www.garlic.com/~lynn/2011i.html#19 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#67 U.S. can't account for $8.7 billion of Iraq's money: audit
https://www.garlic.com/~lynn/2011j.html#11 Innovation and iconoclasm
https://www.garlic.com/~lynn/2011j.html#38 Advice from Richard P. Feynman
https://www.garlic.com/~lynn/2011k.html#15 Is the SEC Covering Up Wall Street Crimes?
https://www.garlic.com/~lynn/2011k.html#37 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011k.html#60 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011k.html#76 FIA shocked and outraged after Senator leaks oil trading data
https://www.garlic.com/~lynn/2011l.html#1 As Pressure Grows to Cut Spending, the True Cost of Weapons Is Anyone's Guess
https://www.garlic.com/~lynn/2011m.html#33 Deloitte sued for $7.6 billion, accused of missing fraud
https://www.garlic.com/~lynn/2011n.html#1 Banks Awash in Cash, Which Isn't Good News
https://www.garlic.com/~lynn/2011n.html#24 AMERICA IS BROKEN, WHAT NOW?
https://www.garlic.com/~lynn/2011n.html#30 Have you ever wondered why some people seem to get rich easily
https://www.garlic.com/~lynn/2011n.html#49 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#80 How Pursuit of Profits Kills Innovation and the U.S. Economy
https://www.garlic.com/~lynn/2011p.html#12 Why are organizations sticking with mainframes?
https://www.garlic.com/~lynn/2011p.html#16 John Robb on the OODA-Loop
https://www.garlic.com/~lynn/2011p.html#29 21st Century Management approach?
https://www.garlic.com/~lynn/2011p.html#110 Loan Originators
https://www.garlic.com/~lynn/2011p.html#137 The High Cost of Failing Artificial Hips
https://www.garlic.com/~lynn/2012.html#5 We are on the brink of a historic decision [referring to defence cuts]
https://www.garlic.com/~lynn/2012.html#18 SEC v. Citigroup, How to Avoid (Greater) Disaster
https://www.garlic.com/~lynn/2012.html#26 What's your favorite quote on "accountability"?
https://www.garlic.com/~lynn/2012.html#70 Regulatory Agency logo
https://www.garlic.com/~lynn/2012b.html#44 What's the most interesting thing you do in your non-work life?
https://www.garlic.com/~lynn/2012b.html#54 The New Age Bounty Hunger -- Showdown at the SEC Corral
https://www.garlic.com/~lynn/2012c.html#0 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#4 Bank of America Fined $1 Billion for Mortgage Fraud
https://www.garlic.com/~lynn/2012c.html#13 Study links ultrafast machine trading with risk of crash
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 22 Feb, 2012 Subject: Why Can't America Catch UP? Blog: Google+re:
Why Can't America Catch Up? : Despite a decade of effort by
U.S. firms, the Japanese are still building better cars. Now, new
thinking in Tokyo threatens to make the gap even wider.
http://articles.latimes.com/1990-01-14/news/mn-277_1_japanese-cars
About this time, the US auto industry had the C4 taskforce looking at how to compete ... and since they were planning on heavily leveraging IT technology, several technology vendors were asked to participate. During the taskforce, they could clearly articulate all the issues and what needed to be done. However, for much of the past two decades, it appears that all the stakeholders prevented any corrective action
In the early 80s, there was a newspaper article calling for 100% unearned profit tax on the US auto industry. The theory was that congress had imposed import quotas to reduce competition and significantly improve profit that the industry could use to completely remake themselves ... but instead they just continued business as usual
past posts mentioning C4 taskforce:
https://www.garlic.com/~lynn/2009i.html#3 IBM interprets Lean development's Kaizen with new MCIF product
https://www.garlic.com/~lynn/2009i.html#31 Why are z/OS people reluctant to use z/OS UNIX?
https://www.garlic.com/~lynn/2010b.html#14 360 programs on a z/10
https://www.garlic.com/~lynn/2010e.html#47 z9 / z10 instruction speed(s)
https://www.garlic.com/~lynn/2010f.html#55 Handling multicore CPUs; what the competition is thinking
https://www.garlic.com/~lynn/2010f.html#70 Handling multicore CPUs; what the competition is thinking
https://www.garlic.com/~lynn/2010h.html#8 Far and near pointers on the 80286 and later
https://www.garlic.com/~lynn/2010i.html#75 Favourite computer history books?
https://www.garlic.com/~lynn/2010k.html#0 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010o.html#22 60 Minutes News Report:Unemployed for over 99 weeks!
https://www.garlic.com/~lynn/2010o.html#59 They always think we don't understand
https://www.garlic.com/~lynn/2011e.html#90 PDCA vs. OODA
https://www.garlic.com/~lynn/2011f.html#2 Car models and corporate culture: It's all lies
https://www.garlic.com/~lynn/2011i.html#35 Having left IBM, seem to be reminded that IBM is not the same IBM I had joined
https://www.garlic.com/~lynn/2011j.html#34 Boyd's Reading List Revisited
https://www.garlic.com/~lynn/2011l.html#73 computer bootlaces
https://www.garlic.com/~lynn/2011n.html#65 Soups
https://www.garlic.com/~lynn/2011n.html#81 A Close Look at the Perry Tax Plan
https://www.garlic.com/~lynn/2011p.html#52 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012.html#22 Who originated the phrase "user-friendly"?
https://www.garlic.com/~lynn/2012.html#25 You may ask yourself, well, how did I get here?
https://www.garlic.com/~lynn/2012.html#31 Who originated the phrase "user-friendly"?
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: 5 Byte Device Addresses? Newsgroups: bit.listserv.ibm-main Date: 22 Feb 2012 07:15:16 -0800glen herrmannsfeldt <gah@ugcs.caltech.edu> writes:
misc. past posts mentioning page replacement & virtual memory management
https://www.garlic.com/~lynn/subtopic.html#clock
long winded description of clock (which is class of algorithms that attempt to approximate LRU replacement) and slight-of-hand hack on clock that I did in the early 70s that would dynamically switch between approximate-LRU and random.
so the simplest that I did in the 60s was one-handed clock that rotated around resetting/selecting virtual page ... so the elapsed time between resetting reference bit and again examining the page for use/replacement was the time to completely examine all pages. This resulted in a dynamically adapting algorithm ... the greater the demand, the faster it rotated ... however, the faster it rotated, the smaller the interval between reset & re-examine ... the smaller interval which increases the number of pages not referenced, which slows things down ... two opposing effects that results in dynamically adapting to configuration/supply and workload/demand. The idea isn't to find page that hasn't been used in fixed amount of time but to differentiate the lower used from the higher used (which is going to be relative passed on configuration and load).
So one-handed clock has the cursors doing the resetting & selecting traveling around all virtual pages in sync. Two-handed clock has the hand/cursor doing the resetting traveling around all pages at a fixed offset ahead of the hand/cursor doing the selection. The issue here is that while one-handed clock dynamically adapts ... that past a certain elapsed time when there are really large number of pages, LRU assumptions break down ... if you haven't reset/examined virtual page for very long time ... there is little predictive correlation about whether a specific page will be used or not used in near future. Having the reset of the used/reference less than full rotation around all pages tries to keep the elapsed time between reset & examine below threshold where the interval is predictive.
So that is the standard clock ... which attempts to approximate "true LRU" (where all virtual pages are exactly ordered as to most recent reference ... based on theory that the page that has been least recently used in the past is least likely to be used in the future ... for some specific kinds of access patterns).
There is a problem that there are number situations that violate the correlation between use in the past and use in the future. In the early 70s, I did a slight-of-hand hack on two-handed clock ... where the code appeared to look&taste almostly exactly like two-handed block ... except it had peculiar characteristic of approximating "true LRU" in conditions were LRU did well and approximate "random" in conditions that LRU performed poorly (dynamically w/o any observable change in the code executed).
In simulations studies with full instruction tracing ... it was possible to compare various clock implementations as well as various other kinds of LRU-approximation algorithms ... against a "true LRU" (i.e. keeping exact ordering of page references and exactly choosing the least recently used) ... various approximatations would tend to perform within approximately 10-15percent of "true LRU". However, for my slight-of-hand hack on clock ... it was possible to perform approximately 10percent better than "true LRU".
However two recursive algorithms (one running virtually under the other) where both approximate LRU (even if the exact code is different) ... the 2nd level algorithm would tend to exhibit the behavior that the least recently pages were the most likely to be used next (because they are selected for replacement) ... as least from the standpoint of the lowest level algorithm (violating the LRU assumption that the least recently used pages are the least likely to be used in the near future).
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: 5 Byte Device Addresses? Newsgroups: bit.listserv.ibm-main Date: 22 Feb 2012 07:40:03 -0800glen herrmannsfeldt <gah@ugcs.caltech.edu> writes:
misc. past posts mentioning page replacement & virtual memory management
https://www.garlic.com/~lynn/subtopic.html#clock
there were two issues with the early SVS/MVS replacement ... regarding selecting non-changed pages before changed pages ... one was eliminating the work and overhead of the write ... and the other is the issue of eliminating any synchronous latency related to waiting for the write.
most implementations early on, implement a pool of immediately available pages for replacement (that had been pre-selected) ... rather than synchronously running the replacement with the selection (immediately available eliminates synchronous latency associated with selection and potential writes). the pool could be also run with min/max ... so when pool of immediately available pages dropped below a min ... it was replenished to the max (trying for some slight efficiency batching selection process).
there was also "big pages" starting in the early 80s (done for both MVS & VM) ... that always did writes ... collecting set of pages and doing single write operation for full 3380 track of pages. the issue was that while 3380 transfer rate was 10 times that of 3330 ... the access latency (arm & rotation) only marginally increase. The theory was that the increase in 3380 efficiency always doing full-track writes&reads (single access for full-track of pages) ... offset the increased overhead having to unnecessarily write unchanged pages. This would have further highlighted the downside effects of choosing non-changed before changed that I argued before they first shipped ... and they finally realized in the late 70s.
however, the "big pages" selection processing violated LRU in other ways
... this is old email discussing LRU ... including some of how "big
pages" undermined LRU:
https://www.garlic.com/~lynn/lhwemail.html#globallru
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: 5 Byte Device Addresses? Newsgroups: bit.listserv.ibm-main Date: 22 Feb 2012 08:32:17 -0800re:
misc. past posts mentioning page replacement & virtual memory management
https://www.garlic.com/~lynn/subtopic.html#clock
and some old email
https://www.garlic.com/~lynn/lhwemail.html#globallru
a recent thread in comp.arch discussion started out asking about
mainframe queued i/o processing (in thread on interrupt paradigm
overhead)
https://www.garlic.com/~lynn/2012c.html#20 M68k add to memory is not a mistake any more
https://www.garlic.com/~lynn/2012c.html#23 M68k add to memory is not a mistake any more
also discusses various device optimization for page i/o operations.
this has survey and taxonomy of i/o systems ... including some
discussion of mainframe queued i/o
http://www.cs.clemson.edu/~mark/io_hist.html
there is also reference to longer discussion in IBM JR&D ... which used
to be available free but is journals are now behind IEEE paywall
http://ieeexplore.ieee.org/Xplore/login.jsp?reload=true&url=http%3A%2F%2Fieeexplore.ieee.org%2Fiel5%2F5288520%2F5390413%2F05390415.pdf%3Farnumber%3D5390415&authDecision=-203
In '75 ... besides endicott con'ing me into doing a lot of stuff
for 138/148 "ECPS" (microcode assist) ... old post with part of
data used in determining "ECPS":
https://www.garlic.com/~lynn/94.html#21 370 ECPS VM microcode assist
at the same time a group in POK con'ed me into doing a lot of design for
5-way SMP. The processor technology had lots of provision for microcode
... so I dropped some amount of multiprocessor dispatching complexity
into the microcode (reminiscent of later intel 432 ... or current
mainframe LPAR dispatch management) ... as well as a queued i/o channel
interface ... superset of the later 811 (370-xa specification named for
nov78 date on lot of the specifications). some past posts
https://www.garlic.com/~lynn/submain.html#bounce
for whatever reason, the 5-way SMP project got canceled ... but a little later reborn as 16-way SMP effort ... and some of the 3033 processor engineers were con'ed into helping in their spare-time. This saw a lot of early acceptance ... but then somebody mentioned to the head of POK, that it might be decades before MVS could effectively support 16-way SMP ... and the head of POK told the 3033 processor engineers to get their noses back to the grindstone (and stop being distracted) ... and others got invited to never visit POK again (this was all before 3033 first shipped).
misc. past general posts mentioning SMP support and/or compare&swap
instruction
https://www.garlic.com/~lynn/subtopic.html#smp
misc past posts mentioning dispatching & dynamic adaptive scheduling
(also started when I was undergraduate in the 60s)
https://www.garlic.com/~lynn/subtopic.html#fairshare
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 22 Feb, 2012 Subject: US real-estate has lost $7T in value Blog: Google+re:
TV business news just now mentioned that US real-estate has lost $7T
in value since the bubble burst (heading back to pre-bubble
level). This is compared to $27T in triple-A toxic CDOs done during
the bubble (possibly providing $5T to wallstreet in
fees/commissions/profits). There have been comments about whether or
not wallstreet bonuses return to pre-bubble levels ... but nothing
about doing $7T in fines/clawbacks. old $27T reference:
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
also as comment in this thread:
https://plus.google.com/u/0/102794881687002297268/posts/R764UHhPtVz
and earlier archive:
https://www.garlic.com/~lynn/2012c.html#25 Goldman Sachs P.R. Chief's Accidental Exit Interview
recent posts referencing $27T in triple-A rated toxic CDOs:
https://www.garlic.com/~lynn/2012.html#21 Zombie Banks
https://www.garlic.com/~lynn/2012.html#32 Wall Street Bonuses May Reach Lowest Level in 3 Years
https://www.garlic.com/~lynn/2012b.html#19 "Buffett Tax" and truth in numbers
https://www.garlic.com/~lynn/2012b.html#65 Why Wall Street Should Stop Whining
https://www.garlic.com/~lynn/2012b.html#95 Bank of America Fined $1 Billion for Mortgage Fraud
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 22 Feb, 2012 Subject: US real-estate has lost $7T in value Blog: Google+re:
Note that CRA loans ... first-time low-income accounted for under $1T of the $27T problem. It is possible to find cases of gov. sponsored mortgages going to low-income people that couldn't afford them ... but that has been mostly misdirection and obfuscation for what went on with the $27T.
Part of the $27T was drug cartels using no-down, no-documentation, unregulated ARMs for money laundering. Some of the news stories have been the gov. conundrum with dealing with money laundering by the too-big-to-fail ... since the gov. has already been leaning over backwards to keep them in business.
Do a sanity check ... look at some numbers
http://gao.gov/products/GAO-06-677
has $200M allocated per year and wasn't spending all of it ... so it not only didn't clear $1T ... it doesn't look like activity cleared $1B. Less than $1B compared to the $27T funneled through wallstreet during the bubble doesn't even show up as a rounding error ... aka less than $1 dollar out of every $27,000 dollars
no.1 responsible for financial crisis:
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
wallstreet was all too happy to handle funneling enormous uptic in no-down, no-documentation, unregulated mortgages as $27T in triple-A rated, toxic CDOs ... nearly all new sources of income
also speculators could do no-down, no-documentation, unregulated, 1% interest only payment ARM ... getting 2000% ROI in parts of the country with 20-30% inflation (flipping before rates adjusted)
no.2 responsible for financial crisis:
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
glba, commodities futures act, Enron, Worldcom, AIG, repeal Glass-Steagall, preventing CDSs from being regulated, eliminating regulations, cutting regulation funding, and pressure to not enforce regulation.
Gramm and the 'Enron Loophole'
http://www.nytimes.com/2008/11/17/business/17grammside.html
from above:
Enron was a major contributor to Mr. Gramm's political campaigns, and
Mr. Gramm's wife, Wendy, served on the Enron board, which she joined
after stepping down as chairwoman of the Commodity Futures Trading
Commission.
... snip ...
and an older article: Phil Gramm's Enron Favor
https://web.archive.org/web/20080711114839/http://www.villagevoice.com/2002-01-15/news/phil-gramm-s-enron-favor/
from above:
A few days after she got the ball rolling on the exemption, Wendy
Gramm resigned from the commission. Enron soon appointed her to its
board of directors, where she served on the audit committee, which
oversees the inner financial workings of the corporation. For this,
the company paid her between $915,000 and $1.85 million in stocks and
dividends, as much as $50,000 in annual salary, and $176,000 in
attendance fees,
... snip ...
no. 3 responsible for financial crisis:
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877331,00.html
Greenspan Slept as Off-Books Debt Escaped Scrutiny
http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=aYJZOB_gZi0I
from above:
That same year Greenspan, Treasury Secretary Robert Rubin and SEC
Chairman Arthur Levitt opposed an attempt by Brooksley Born, head of
the Commodity Futures Trading Commission, to study regulating
over-the-counter derivatives. In 2000, Congress passed a law keeping
them unregulated.
... snip ...
Brooksley was fairly quickly replaced by Wendy Gramm as head of Commodity Futures Trading Commission, before Wendy then resigned to join Enron's board.
Congress passed Sarbanes-Oxley in the wake of Enron/Worldcom, in
theory to prevent such activity in the future. However, it required
some enforcement by SEC. Possibly because GAO didn't think that SEC
was doing anything they started doing reports of fraudulent public
company financial filings ... show uptic even after Sarbanes-Oxley.
https://www.gao.gov/products/gao-06-1079sp
recently seen on the web: Enron was a dry run and it worked so well it has become institutionalized
misc. past posts mentioning Time's list of those responsible
https://www.garlic.com/~lynn/2009c.html#38 People to Blame for the Financial Crisis
https://www.garlic.com/~lynn/2009c.html#39 'WHO IS RESPONSIBLE FOR THE GLOBAL MELTDOWN'
https://www.garlic.com/~lynn/2009c.html#49 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#53 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#55 Who will give Citigroup the KNOCKOUT blow?
https://www.garlic.com/~lynn/2009c.html#65 is it possible that ALL banks will be nationalized?
https://www.garlic.com/~lynn/2009d.html#10 Who will Survive AIG or Derivative Counterparty Risk?
https://www.garlic.com/~lynn/2009d.html#28 I need insight on the Stock Market
https://www.garlic.com/~lynn/2009d.html#61 Quiz: Evaluate your level of Spreadsheet risk
https://www.garlic.com/~lynn/2009d.html#62 Is Wall Street World's Largest Ponzi Scheme where Madoff is Just a Poster Child?
https://www.garlic.com/~lynn/2009d.html#63 Do bonuses foster unethical conduct?
https://www.garlic.com/~lynn/2009d.html#73 Should Glass-Steagall be reinstated?
https://www.garlic.com/~lynn/2009e.html#0 What is swap in the financial market?
https://www.garlic.com/~lynn/2009e.html#8 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009e.html#13 Should we fear and hate derivatives?
https://www.garlic.com/~lynn/2009e.html#23 Should FDIC or the Federal Reserve Bank have the authority to shut down and take over non-bank financial institutions like AIG?
https://www.garlic.com/~lynn/2009e.html#35 Architectural Diversity
https://www.garlic.com/~lynn/2009f.html#29 What is the real basis for business mess we are facing today?
https://www.garlic.com/~lynn/2009f.html#38 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#51 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#53 What every taxpayer should know about what caused the current Financial Crisis
https://www.garlic.com/~lynn/2009g.html#5 Do the current Banking Results in the US hide a grim truth?
https://www.garlic.com/~lynn/2009g.html#7 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#33 Treating the Web As an Archive
https://www.garlic.com/~lynn/2009g.html#76 Undoing 2000 Commodity Futures Modernization Act
https://www.garlic.com/~lynn/2009h.html#17 REGULATOR ROLE IN THE LIGHT OF RECENT FINANCIAL SCANDALS
https://www.garlic.com/~lynn/2009i.html#54 64 Cores -- IBM is showing a prototype already
https://www.garlic.com/~lynn/2009i.html#60 In the USA "financial regulator seeks power to curb excess speculation."
https://www.garlic.com/~lynn/2009i.html#74 Administration calls for financial system overhaul
https://www.garlic.com/~lynn/2009i.html#77 Financial Regulatory Reform - elimination of loophole allowing special purpose institutions outside Bank Holding Company (BHC) oversigh
https://www.garlic.com/~lynn/2009j.html#16 TIME's Annual Journey: 1989
https://www.garlic.com/~lynn/2009j.html#18 Another one bites the dust
https://www.garlic.com/~lynn/2009j.html#21 The Big Takeover
https://www.garlic.com/~lynn/2009j.html#30 An Amazing Document On Madoff Said To Have Been Sent To SEC In 2005
https://www.garlic.com/~lynn/2009j.html#35 what is mortgage-backed securities?
https://www.garlic.com/~lynn/2009l.html#5 Internal fraud isn't new, but it's news
https://www.garlic.com/~lynn/2009n.html#56 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009o.html#84 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009p.html#51 Opinions on the 'Unix Haters' Handbook
https://www.garlic.com/~lynn/2009q.html#77 Now is time for banks to replace core system according to Accenture
https://www.garlic.com/~lynn/2009r.html#47 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2010b.html#82 Oldest Instruction Set still in daily use?
https://www.garlic.com/~lynn/2010b.html#92 Who's to Blame for the Meltdown?
https://www.garlic.com/~lynn/2010f.html#54 The 2010 Census
https://www.garlic.com/~lynn/2010h.html#28 Our Pecora Moment
https://www.garlic.com/~lynn/2010h.html#67 The Python and the Mongoose: it helps if you know the rules of engagement
https://www.garlic.com/~lynn/2010l.html#38 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010n.html#36 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010q.html#29 Ernst & Young sued for fraud over Lehman
https://www.garlic.com/~lynn/2011e.html#9 I actually miss working at IBM
https://www.garlic.com/~lynn/2011e.html#36 On Protectionism
https://www.garlic.com/~lynn/2011e.html#38 On Protectionism
https://www.garlic.com/~lynn/2011e.html#40 On Protectionism
https://www.garlic.com/~lynn/2011f.html#52 Are Americans serious about dealing with money laundering and the drug cartels?
https://www.garlic.com/~lynn/2011h.html#25 US Housing Crisis Is Now Worse Than Great Depression
https://www.garlic.com/~lynn/2011h.html#29 Obama: "We don't have enough engineers"
https://www.garlic.com/~lynn/2011i.html#8 'Megalomania, Insanity' Fueled Bubble: Munger
https://www.garlic.com/~lynn/2011i.html#18 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#19 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011j.html#41 Advice from Richard P. Feynman
https://www.garlic.com/~lynn/2011k.html#30 Regulators seek to plug derivatives data gaps
https://www.garlic.com/~lynn/2011k.html#53 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011k.html#54 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011l.html#69 computer bootlaces
https://www.garlic.com/~lynn/2011l.html#74 computer bootlaces
https://www.garlic.com/~lynn/2011m.html#2 computer bootlaces
https://www.garlic.com/~lynn/2011n.html#41 The men who crashed the world
https://www.garlic.com/~lynn/2011n.html#49 The men who crashed the world
https://www.garlic.com/~lynn/2011n.html#77 Did You Hear the One About the Bankers?
https://www.garlic.com/~lynn/2011o.html#62 Civilization, doomed?
https://www.garlic.com/~lynn/2012b.html#95 Bank of America Fined $1 Billion for Mortgage Fraud
https://www.garlic.com/~lynn/2012c.html#5 Too big not to fail
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 22 Feb, 2012 Subject: US real-estate has lost $7T in value Blog: Google+re:
$1B during the life of the $27T bubble is not even a ripple in the
bubble ocean ... at a billion dollars per inch, $27T translates into
nearly half-mile high tsunami wave ... compared to one inch high
tsunami wave.
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
In the congressional hearings into the rating agencies pivotal role in the bubble, there was testimony that the no-down, no-documentation, unregulated loans were packaged as toxic CDOs and the rating agencies gave triple-A ratings when they knew they weren't worth triple-A . One of the news people commented that the rating agencies would probably be able to avoid federal prosecution with the blackmail threat of lowering the gov's. credit rating.
Subprime = Triple-A ratings? or 'How to Lie with Statistics' (gone 404 but lives on at the wayback machine)
https://web.archive.org/web/20071111031315/http://www.bloggingstocks.com/2007/07/25/subprime-triple-a-ratings-or-how-to-lie-with-statistics/
How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/
the $27T in triple-A toxic CDOs contributed significantly to
wallstreet revenue during the bubble including big bonus spike
starting in 2002
http://www.businessweek.com/investor/content/mar2008/pi20080318_697440.htm?chan
note: regulated depository institutions provide mortgages that meet various criteria. unregulated loan originators have been around for some time but they had little access to money ... so their lack of access to funds met they had very little impact on the economy. Then they discovered that they could package any kind of loan into toxic CDOs and pay rating agencies for triple-A rating and unload through wallstreet as many and as fast as they could write (and paying for triple-A rating and immediately unloading met that they no longer had to care about borrower's qualifications and/or loan quality) ... giving rise to the $27T bubble in unregulated loans channeled through triple-A rated toxic CDOs.
Glass-Steagall was actually very little regulations ... it prevented highly regulated and government insured depository institutions from participating in enormously risky activity ... and other institutions that took part in enormously risky activity could succeed or fail w/o gov. intervention. Repeal of Glass-Steagall gave rise to too-big-to-fail government insured depository institutions participating in enormously risky activity ... resulting in the top players keeping all the rewards from the risky activity and the country being stuck with the consequences. The gov. bailout gives rise to moral hazard encouraging the top players to take ever greater risks ... since for them there is little downside ... even if it might take down their institution, the economy, and/or the country.
recent x-over Goldman Sachs P.R. Chief's Accidental Exit Interview
https://plus.google.com/u/0/102794881687002297268/posts/R764UHhPtVz
"Greed and jealousy and sloth are all unfortunate traits of human
nature," he said. "I'm not sure you can actually come up with a system
that prevents people from being greedy or jealous or lazy. But I think
that you can come up with a system which doesn't reward that kind of
behavior."
One of the big deals for unregulated loan originators in being able to
pay for the triple-A ratings on the toxic CDOs .... was that a lot of
large investment institutions (like large retirement funds) were
restricted to only dealing in safe, triple-A ... and that is where a
massive portion of the $27T in triple-A rated toxic CDOs apparently
came to rest. The $7T loss in real-estate value ... there is likely a
similar corresponding loss in the value of those CDO (aka securitized
loans) investments. Part of the bail-out seems to be stalling action
trying to stabilize those investments.
Federal Reserve fought legal action forcing them to release
information about what they had been doing. this is large trillions as
of 2010
http://www.csmonitor.com/USA/2010/1201/Federal-Reserve-s-astounding-report-We-loaned-banks-trillions
part of the numbers is that they had apparently bought at least a trillion in triple-A rated toxic CDOs at 98cents on the dollar ... at a time when the most recent sales in "open market" were going for 22cents on the dollar.
Remember the original purpose for the TARP funds allocated in 2008
... was to buy those toxic assets .... but that was apparently before
they realized it was a $27T problem ... which the allocated TARP funds
wasn't even 3percent ... which required the whole change in plans for
using TARP for other purposes (and FED RES doing the real heavy
lifting behind the scenes)
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
note that the $180+B for AIG is sort-of side show in the $27T
... slightly over half a percent. However, the problem at AIG was a
side business unit that started taking the unregulated CDS bets
(courtesy of #2 responsible for financial crisis). Story is AIG was in
negotiations to pay-off the bets at 50-60cents on the dollar, when the
sec-of-treasury steps in ... forced them to pay 100cents on the dollar
and also forcing them to sign an agreement that they can't sue any of
the players that had placed the bets.
http://blogs.hbr.org/cs/2009/11/aig_the_secret_bailout.html
The biggest beneficiary was a company that the sec-of-treasury had
been ceo of.
https://en.wikipedia.org/wiki/Henry_Paulson
aided by
https://en.wikipedia.org/wiki/Timothy_Geithner
x-over from discussion about US auto industry
https://plus.google.com/u/0/102794881687002297268/posts/6aYZJndX2cF
and
https://www.garlic.com/~lynn/2012c.html#26 Why Can't America Catch UP?
a 1990 article about the industry showing up on the LA times website. It mentions the call for 100% unearned profit tax on the industry in the early 80s ... as well as the industry C4 task force about the same time as the 1990 article (disclaimer I was one of the vendor participants that went to C4 meetings)
past posts mentioning spike in wallstreet bonus:
https://www.garlic.com/~lynn/2008f.html#76 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#52 IBM CEO's remuneration last year ?
https://www.garlic.com/~lynn/2008g.html#66 independent appraisers
https://www.garlic.com/~lynn/2008h.html#42 The Return of Ada
https://www.garlic.com/~lynn/2008i.html#4 A Merit based system of reward -Does anybody (or any executive) really want to be judged on merit?
https://www.garlic.com/~lynn/2008n.html#52 Technology and the current crisis
https://www.garlic.com/~lynn/2008n.html#53 Your thoughts on the following comprehensive bailout plan please
https://www.garlic.com/~lynn/2008n.html#56 VMware Chief Says the OS Is History
https://www.garlic.com/~lynn/2008n.html#69 Another quiet week in finance
https://www.garlic.com/~lynn/2008n.html#82 Fraud in financial institution
https://www.garlic.com/~lynn/2008o.html#18 Once the dust settles, do you think Milton Friedman's economic theories will be laid to rest
https://www.garlic.com/~lynn/2008o.html#26 SOX (Sarbanes-Oxley Act), is this really followed and worthful considering current Financial Crisis?
https://www.garlic.com/~lynn/2008o.html#28 Does anyone get the idea that those responsible for containing this finanical crisis are doing too much?
https://www.garlic.com/~lynn/2008o.html#31 The human plague
https://www.garlic.com/~lynn/2008o.html#32 How much is 700 Billion Dollars??
https://www.garlic.com/~lynn/2008p.html#8 Global Melt Down
https://www.garlic.com/~lynn/2008r.html#61 The vanishing CEO bonus
https://www.garlic.com/~lynn/2008r.html#64 Is This a Different Kind of Financial Crisis?
https://www.garlic.com/~lynn/2008s.html#32 How Should The Government Spend The $700 Billion?
https://www.garlic.com/~lynn/2008s.html#33 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2008s.html#35 Is American capitalism and greed to blame for our financial troubles in the US?
https://www.garlic.com/~lynn/2008s.html#41 Executive pay: time for a trim?
https://www.garlic.com/~lynn/2009.html#73 CROOKS and NANNIES: what would Boyd do?
https://www.garlic.com/~lynn/2009.html#80 Are reckless risks a natural fallout of "excessive" executive compensation ?
https://www.garlic.com/~lynn/2009b.html#25 The recently revealed excesses of John Thain, the former CEO of Merrill Lynch, while the firm was receiving $25 Billion in TARP funds makes me sick
https://www.garlic.com/~lynn/2009b.html#41 The subject is authoritarian tendencies in corporate management, and how they are related to political culture
https://www.garlic.com/~lynn/2009b.html#45 The recently revealed excesses of John Thain, the former CEO of Merrill Lynch, while the firm was receiving $25 Billion in TARP funds makes me sick
https://www.garlic.com/~lynn/2009b.html#49 US disaster, debts and bad financial management
https://www.garlic.com/~lynn/2009b.html#57 Credit & Risk Management ... go Simple ?
https://www.garlic.com/~lynn/2009b.html#59 As bonuses...why breed greed, when others are in dire need?
https://www.garlic.com/~lynn/2009d.html#0 PNC Financial to pay CEO $3 million stock bonus
https://www.garlic.com/~lynn/2009d.html#3 Congress Set to Approve Pay Cap of $500,000
https://www.garlic.com/~lynn/2009e.html#17 Why is everyone talking about AIG bonuses of millions and keeping their mouth shut on billions sent to foreign banks?
https://www.garlic.com/~lynn/2009e.html#36 Architectural Diversity
https://www.garlic.com/~lynn/2009g.html#31 OODA-loop obfuscation
https://www.garlic.com/~lynn/2009j.html#36 Average Comp This Year At Top Firm Estimated At $700,000
https://www.garlic.com/~lynn/2010d.html#11 search engine history, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010d.html#19 search engine history, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010d.html#26 search engine history, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010i.html#47 "Fraud & Stupidity Look a Lot Alike"
https://www.garlic.com/~lynn/2010l.html#48 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010n.html#33 Idiotic programming style edicts
https://www.garlic.com/~lynn/2011b.html#42 Productivity And Bubbles
https://www.garlic.com/~lynn/2011b.html#59 Productivity And Bubbles
https://www.garlic.com/~lynn/2011e.html#36 On Protectionism
https://www.garlic.com/~lynn/2011k.html#56 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011o.html#83 The banking sector grew seven times faster than gross domestic product since the beginning of the financial crisis and too-big-to-fail: Banks Get Bigger After Dodd-Frank
https://www.garlic.com/~lynn/2012.html#32 Wall Street Bonuses May Reach Lowest Level in 3 Years
https://www.garlic.com/~lynn/2012b.html#65 Why Wall Street Should Stop Whining
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: 5 Byte Device Addresses? Newsgroups: bit.listserv.ibm-main Date: 23 Feb 2012 06:55:09 -0800glen herrmannsfeldt <gah@ugcs.caltech.edu> writes:
that is strickly deterministic ... these are all approximate LRU selection for replacement. The theory behind choosing least recently used pages is that they have shown to be the least probable being used in the future.
if the VM system is choosing virtual machine pages for replacement based on least recently used ... and the guest MVS system is looking for pages have been also least recently used ... they both will tend to concentrate on selecting from the same subset of pages ... the guest MVS selecting their least recently used virtual machines and the VM system selecting the MVS guest virtual machine pages that the corresponding MVS virtual pages occupy.
That significantly increases the probability that the page the guest MVS selects for replacement and the corresponding virtual machine page to use ... that guest virtual page has also been selected by the VM system for replacement and removal from real memory. Running a least recently used replacement algorithm under a least recently used replacement algorithm violates the assumption that the least recently used page is the least likely to be used in the future. They don't have to be strickly in sync ... but it will drastically increase the probability that there is double paging ... aka the virtual machine page that the MVS system wants to start using is a page that the VM system has removed from memory.
As I previously mentioned, something similar happens with a large DBMS cache being managed by least recently used ... running in a virtual memory operating system. It is one of the reasons that virtual memory operating systems tend to have ways of biasing against selecting large DBMS cache pages (because they usage patterns tend to violate the assumption that the least recently used page will be the least probable page to be used in the future).
misc. past posts mentioning virtual memory replacement
https://www.garlic.com/~lynn/subtopic.html#clock
old email mentioning various aspects page replacement ... including work
related to "big page", full-track page transfers implementation also
resulted in tweaks that resulted in underminning least recently used
(corresponding to something similar done for the original SVS
implementation that continued well into MVS releases)
https://www.garlic.com/~lynn/lhwemail.html#globallru
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: nested LRU schemes Newsgroups: bit.listserv.ibm-main Date: Thu, 23 Feb 2012 10:41:30 -0500bfairchild@ROCKETSOFTWARE.COM (Bill Fairchild) writes:
for the fun of it ... the original disk storage cache ... 3880-11, I showed that it had a similar short-coming ... that every page in 3880-11 cache was also in real memory ... and therefor any time a page that was required ... that wasn't in real memory ... it also couldn't be in the 3880-11 cache.
part of the issue was people with very myopic, localized, component and/or box view-point and not understanding how the whole interacts .... and from LRU standpont had heard the description ... but didn't understand all the theory behind it, trade-offs, and alternatives.
there were actually two varieties of original 3880 cache ... the 3880-11 (ironwood), 4k record cache ... and the 3880-13 full track cache (sheriff). The marketing material for 3880-13 came out with example showing 90% cache hit ratio ... but the example was sequential read from 3380 with ten records per track. The first record read from a track would be a miss, but the next nine read would be in the cache. If the application change to sequential read with full-track blocking, the same operation would change from 90% cache hit ratio to zero percent cache hit ratio.
misc. past posts mentioning 3880-11 (code named ironwood):
https://www.garlic.com/~lynn/2000d.html#13 4341 was "Is a VAX a mainframe?"
https://www.garlic.com/~lynn/2001.html#18 Disk caching and file systems. Disk history...people forget
https://www.garlic.com/~lynn/2001d.html#68 I/O contention
https://www.garlic.com/~lynn/2001l.html#53 mainframe question
https://www.garlic.com/~lynn/2001l.html#54 mainframe question
https://www.garlic.com/~lynn/2001l.html#63 MVS History (all parts)
https://www.garlic.com/~lynn/2002d.html#55 Storage Virtualization
https://www.garlic.com/~lynn/2002o.html#3 PLX
https://www.garlic.com/~lynn/2002o.html#52 ''Detrimental'' Disk Allocation
https://www.garlic.com/~lynn/2003b.html#7 Disk drives as commodities. Was Re: Yamhill
https://www.garlic.com/~lynn/2003f.html#5 Alpha performance, why?
https://www.garlic.com/~lynn/2004g.html#13 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004g.html#17 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004g.html#18 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004g.html#20 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004l.html#29 FW: Looking for Disk Calc program/Exec
https://www.garlic.com/~lynn/2005m.html#28 IBM's mini computers--lack thereof
https://www.garlic.com/~lynn/2005m.html#30 Massive i/o
https://www.garlic.com/~lynn/2005t.html#50 non ECC
https://www.garlic.com/~lynn/2006c.html#8 IBM 610 workstation computer
https://www.garlic.com/~lynn/2006c.html#46 Hercules 3.04 announcement
https://www.garlic.com/~lynn/2006e.html#45 using 3390 mod-9s
https://www.garlic.com/~lynn/2006i.html#41 virtual memory
https://www.garlic.com/~lynn/2006j.html#11 The Pankian Metaphor
https://www.garlic.com/~lynn/2006j.html#14 virtual memory
https://www.garlic.com/~lynn/2006s.html#32 Why magnetic drums was/are worse than disks ?
https://www.garlic.com/~lynn/2006v.html#31 MB to Cyl Conversion
https://www.garlic.com/~lynn/2006y.html#35 The Future of CPUs: What's After Multi-Core?
https://www.garlic.com/~lynn/2007c.html#0 old discussion of disk controller chache
https://www.garlic.com/~lynn/2007c.html#12 Special characters in passwords was Re: RACF - Password rules
https://www.garlic.com/~lynn/2007c.html#23 How many 36-bit Unix ports in the old days?
https://www.garlic.com/~lynn/2007e.html#38 FBA rant
https://www.garlic.com/~lynn/2007e.html#42 FBA rant
https://www.garlic.com/~lynn/2007e.html#60 FBA rant
https://www.garlic.com/~lynn/2008b.html#15 Flash memory arrays
https://www.garlic.com/~lynn/2008d.html#52 Throwaway cores
https://www.garlic.com/~lynn/2008i.html#41 American Airlines
https://www.garlic.com/~lynn/2008s.html#39 The Internet's 100 Oldest Dot-Com Domains
https://www.garlic.com/~lynn/2009p.html#11 Secret Service plans IT reboot
https://www.garlic.com/~lynn/2010.html#47 locate mode, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010g.html#11 Mainframe Executive article on the death of tape
https://www.garlic.com/~lynn/2010g.html#55 Mainframe Executive article on the death of tape
https://www.garlic.com/~lynn/2010i.html#20 How to analyze a volume's access by dataset
https://www.garlic.com/~lynn/2010n.html#14 Mainframe Slang terms
https://www.garlic.com/~lynn/2011.html#67 Speed of Old Hard Disks
https://www.garlic.com/~lynn/2011.html#68 Speed of Old Hard Disks
https://www.garlic.com/~lynn/2011e.html#79 I'd forgotten what a 2305 looked like
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 23 Feb, 2012 Subject: Masters in strategy ... seeking advice Blog: Boyd Strategyre:
There was lots of innovation across the spectrum in Japan ... not just
auto industry ... recent google+ reference to auto industry in 80,
90s, last decade:
https://plus.google.com/u/0/102794881687002297268/posts/6aYZJndX2cF
https://www.garlic.com/~lynn/2012c.html#26 Why Can't America Catch UP?
In the mid-80s, I was working with NSF on what would become the NSFNET
backbone (operational precursor to modern internet) ... some past posts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
... and having equipment built in Japan. I would go over and they
would show off latest and greatest technology not being done anywhere
else in the world. Part was observation that I was paying nearly $20k
for boxes to drive T1 (1.5mbit/sec) link ... and that $300 cdrom built
in japan had better electronics and components ... which could be
adapted for use in driving 200mbit/sec fiber-optic link. some
related posts
https://www.garlic.com/~lynn/subnetwork.html#hsdt
One of the electronic companies that I was working with, was also working with Toyoto on LAN technology to replace car wiring harness ... one of the major car failure mode is the bundle of copper wiring ... and they liked to show off the stuff they were doing with Toyoto.
A couple years later, I was on technical advisery board for XTP
... which included working with Navy on SAFENET (survivable adaptable
fiber-optic embedded network) ... for ship communication&control infrastructure
... which shares a whole lot of the same characteristics that Toyoto
was working on for cars (some of the F16 & B1 guys also would show up)
... aka a lot of things that Toyoto has been doing ... has much
broader applicability than autos. some related posts
https://www.garlic.com/~lynn/subnetwork.html#xtphsp
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 23 Feb, 2012 Subject: US real-estate has lost $7T in value Blog: Google+re:
There is all sort of greed, fraud and corruption ... but lots of it is relatively penny-anti compared to the $27T in the triple-A rated toxic CDOs ... effects are approx. proportional to magnitude ... $27T was nearly half mile high tsunami wave using analogy of $1B/inch ... a $12B is a foot high wave, even $180B is still only 15ft high wave.
A lot of citations are obfuscation and misdirection drawing attention away from the largest magnitude activity.
At $60B, Madoff would be 5ft high tsunami wave (but still relatively inconsequential compared to the half-mile hight $27T triple-A rated toxic CDOs). However, there is another aspect of Madoff ... in the congressional Madoff hearings, they had the person that had tried unsuccessful for a decade to get SEC to do something about Madoff .... just another example of SEC failing to do anything ... even when it involved regulations that were still in effect. Part of the hearings was that a significant contributing factor was the lack of transparency and visibility in the current wallstreet culture ("open market" has been claimed to be nearly the antithesis of wallstreet).
misc. recent posts mentioning Madoff
https://www.garlic.com/~lynn/2012.html#5 We are on the brink of a historic decision [referring to defence cuts]
https://www.garlic.com/~lynn/2012.html#18 SEC v. Citigroup, How to Avoid (Greater) Disaster
https://www.garlic.com/~lynn/2012.html#26 What's your favorite quote on "accountability"?
https://www.garlic.com/~lynn/2012.html#70 Regulatory Agency logo
https://www.garlic.com/~lynn/2012b.html#44 What's the most interesting thing you do in your non-work life?
https://www.garlic.com/~lynn/2012b.html#54 The New Age Bounty Hunger -- Showdown at the SEC Corral
https://www.garlic.com/~lynn/2012c.html#0 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#4 Bank of America Fined $1 Billion for Mortgage Fraud
https://www.garlic.com/~lynn/2012c.html#13 Study links ultrafast machine trading with risk of crash
https://www.garlic.com/~lynn/2012c.html#25 Goldman Sachs P.R. Chief's Accidental Exit Interview
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 23 Feb, 2012 Subject: US real-estate has lost $7T in value Blog: Google+re:
Pivotal factor in this bubble was unregulated loan originators able to
package the mortgages as toxic CDOs and pay the rating agencies for
triple-A ... this opened them up to the large institutional investors
(like retirement funds) that were restricted to safe, triple-A. Being
able to pay for triple-A on everything they produced, met that the
unregulated loan originators no longer needed to care about borrowers'
qualifications or loan quality. reference to Item from 2003 that it
could only come to a bad end:
http://www.forbes.com/forbes/2008/1117/114.html
... and critical to all of this was the rating agencies willing to sell triple-A ratings even when they knew the CDOs weren't worth triple-A (as per congressional hearings into the role that ratings agencies played in the economic bubble/crisis).
Sarbanes-Oxley even included a requirement that SEC investigate rating
agency activity ... but there apparently wasn't anything other than
this report
http://www.sec.gov/news/studies/credratingreport0103.pdf
securitized mortgages had been used during the S&L crisis to obfuscate underlying fraud. In the late 90s, we were asked to look at improving the integrity and trust in the underlying documents involved in CDOs. However, with the advent of being able to pay for triple-A ratings ... they could start doing no-documentation mortgages ... and with no-documentation there was no more assuring their integrity/trust.
Another aspect of facilitating the $27T in triple-A rated toxic CDOs
(which may start unraveling more of the whole house of cards)
https://plus.google.com/u/0/102794881687002297268/posts/Co8d3WNRDke
In jan2009, we were asked to html'ize the Pecora hearings (30s senate look at the '29 crash that had been scanned the fall before at boston public library) ... along with heavy internal x-ref html/links and hrefs between what happened then and what happened this time (some assumption that the new congress would have appetite to do something). Later that spring I got a call that it wouldn't be needed after all.
misc. past posts mentioning pecora:
https://www.garlic.com/~lynn/2009b.html#58 OCR scans of old documents
https://www.garlic.com/~lynn/2009b.html#59 As bonuses...why breed greed, when others are in dire need?
https://www.garlic.com/~lynn/2009d.html#62 Is Wall Street World's Largest Ponzi Scheme where Madoff is Just a Poster Child?
https://www.garlic.com/~lynn/2009d.html#73 Should Glass-Steagall be reinstated?
https://www.garlic.com/~lynn/2009d.html#77 Who first mentioned Credit Crunch?
https://www.garlic.com/~lynn/2009e.html#8 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009e.html#23 Should FDIC or the Federal Reserve Bank have the authority to shut down and take over non-bank financial institutions like AIG?
https://www.garlic.com/~lynn/2009e.html#40 Architectural Diversity
https://www.garlic.com/~lynn/2009f.html#56 What's your personal confidence level concerning financial market recovery?
https://www.garlic.com/~lynn/2009f.html#65 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#5 Do the current Banking Results in the US hide a grim truth?
https://www.garlic.com/~lynn/2009g.html#33 Treating the Web As an Archive
https://www.garlic.com/~lynn/2009h.html#22 China's yuan 'set to usurp US dollar' as world's reserve currency
https://www.garlic.com/~lynn/2009h.html#25 The Paradox of Economic Recovery
https://www.garlic.com/~lynn/2009h.html#29 Analysing risk, especially credit risk in Banks, which was a major reason for the current crisis
https://www.garlic.com/~lynn/2009i.html#40 64 Cores -- IBM is showing a prototype already
https://www.garlic.com/~lynn/2009i.html#57 In the USA "financial regulator seeks power to curb excess speculation."
https://www.garlic.com/~lynn/2009j.html#35 what is mortgage-backed securities?
https://www.garlic.com/~lynn/2009o.html#23 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009p.html#2 Opinions on the 'Unix Haters' Handbook
https://www.garlic.com/~lynn/2009p.html#20 U.K. lags in information security management practices
https://www.garlic.com/~lynn/2009p.html#25 Opinions on the 'Unix Haters' Handbook
https://www.garlic.com/~lynn/2009r.html#53 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2009r.html#73 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2010b.html#6 Bookshelves under BookMangler
https://www.garlic.com/~lynn/2010f.html#54 The 2010 Census
https://www.garlic.com/~lynn/2010h.html#28 Our Pecora Moment
https://www.garlic.com/~lynn/2010h.html#52 Our Pecora Moment
https://www.garlic.com/~lynn/2010h.html#68 Our Pecora Moment
https://www.garlic.com/~lynn/2010h.html#73 Our Pecora Moment
https://www.garlic.com/~lynn/2010l.html#38 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010m.html#8 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010o.html#59 They always think we don't understand
https://www.garlic.com/~lynn/2010p.html#7 What banking is. (Essential for predicting the end of finance as we know it.)
https://www.garlic.com/~lynn/2010p.html#16 Rare Apple I computer sells for $216,000 in London
https://www.garlic.com/~lynn/2010p.html#59 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2010q.html#16 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2010q.html#53 Programmer Charged with thieft (maybe off topic)
https://www.garlic.com/~lynn/2011.html#49 What do you think about fraud prevention in the governments?
https://www.garlic.com/~lynn/2011.html#84 The Imaginot Line
https://www.garlic.com/~lynn/2011b.html#42 Productivity And Bubbles
https://www.garlic.com/~lynn/2011b.html#43 Productivity And Bubbles
https://www.garlic.com/~lynn/2011b.html#45 Productivity And Bubbles
https://www.garlic.com/~lynn/2011b.html#53 Productivity And Bubbles
https://www.garlic.com/~lynn/2011d.html#27 The first personal computer (PC)
https://www.garlic.com/~lynn/2011e.html#36 On Protectionism
https://www.garlic.com/~lynn/2011h.html#6 Home prices may drop another 25%, Shiller predicts
https://www.garlic.com/~lynn/2011h.html#24 US Housing Crisis Is Now Worse Than Great Depression
https://www.garlic.com/~lynn/2011i.html#18 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#42 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#45 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011k.html#20 Study shows powerful corporations really do control the world's finances
https://www.garlic.com/~lynn/2011m.html#68 Bernanke Hearings
https://www.garlic.com/~lynn/2011n.html#41 The men who crashed the world
https://www.garlic.com/~lynn/2011n.html#48 The men who crashed the world
https://www.garlic.com/~lynn/2011n.html#52 The men who crashed the world
https://www.garlic.com/~lynn/2011n.html#82 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#4 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#26 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#36 Civilization, doomed?
https://www.garlic.com/~lynn/2011o.html#68 Building a Better America-One Wealth Quintile at a Time
https://www.garlic.com/~lynn/2011o.html#80 How Pursuit of Profits Kills Innovation and the U.S. Economy
https://www.garlic.com/~lynn/2011p.html#88 Fed Report Finds Speculators Played Big Role in Housing Collapse
https://www.garlic.com/~lynn/2011p.html#93 World faces 1930-type Depression
https://www.garlic.com/~lynn/2011p.html#146 IBM Manuals
https://www.garlic.com/~lynn/2012b.html#5 The round wheels industry is heading for collapse
https://www.garlic.com/~lynn/2012b.html#56 What's the most interesting thing you do in your non-work life?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 24 Feb, 2012 Subject: The Death of MERS Blog: Google+re:
The Death Of MERS
http://www.veteranstoday.com/2012/02/22/the-death-of-mers/
part of the $27T
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
triple-A rated toxic CDO mechanism
https://plus.google.com/u/0/102794881687002297268/posts/TvXxxQM22ZR
New York Sues 3 Big Banks Over Mortgage Database
http://www.nytimes.com/2012/02/04/business/new-york-suing-3-banks-over-mortgage-database.html
includes reference to MERS claims: A Victory for the Public on
Foreclosures?
http://www.rollingstone.com/politics/blogs/taibblog/a-big-change-on-the-foreclosure-front-20120128
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 24 Feb, 2012 Subject: Greek knife to Wall Street Blog: Google+re:
Greek knife to Wall Street
http://www.atimes.com/atimes/Global_Economy/NB23Dj02.html
other dodd-frank
https://plus.google.com/u/0/102794881687002297268/posts/HHtCkNpp9z9
Regulatory Capture: Federal Reserve Edition
http://www.cnbc.com/id/46497947
Banks Lobbied to Widen Volcker Rule Before Inciting Foreigners Against
Law
http://www.bloomberg.com/news/2012-02-23/banks-lobbied-to-widen-volcker-rule-before-inciting-foreigners-against-law.html
reference to article about $700T market
https://www.garlic.com/~lynn/2011p.html#70 No One Telling Who Took $586B in Fed Swaps
https://www.garlic.com/~lynn/2011p.html#74 Derivatives and free trade
https://www.garlic.com/~lynn/2011p.html#80 The men who crashed the world
https://www.garlic.com/~lynn/2011p.html#83 Heading For World War III | Gerald Celente Trends Blog
https://www.garlic.com/~lynn/2012.html#87 The PC industry is heading for collapse
other past posts referencing CDS:
https://www.garlic.com/~lynn/2008b.html#82 Break the rules of governance and lose 4.9 billion
https://www.garlic.com/~lynn/2008f.html#51 independent appraisers
https://www.garlic.com/~lynn/2008g.html#64 independent appraisers
https://www.garlic.com/~lynn/2008j.html#60 dollar coins
https://www.garlic.com/~lynn/2008o.html#34 The human plague
https://www.garlic.com/~lynn/2008o.html#35 The human plague
https://www.garlic.com/~lynn/2009.html#14 What are the challenges in risk analytics post financial crisis?
https://www.garlic.com/~lynn/2009.html#42 Lets play Blame Game...?
https://www.garlic.com/~lynn/2009.html#52 The Credit Crunch: Why it happened?
https://www.garlic.com/~lynn/2009.html#63 CROOKS and NANNIES: what would Boyd do?
https://www.garlic.com/~lynn/2009.html#80 Are reckless risks a natural fallout of "excessive" executive compensation ?
https://www.garlic.com/~lynn/2009b.html#37 A great article was posted in another BI group: "To H*** with Business Intelligence: 40 Percent of Execs Trust Gut"
https://www.garlic.com/~lynn/2009b.html#51 Will the Draft Bill floated in Congress yesterday to restrict trading of naked Credit Default Swaps help or aggravate?
https://www.garlic.com/~lynn/2009b.html#52 What has the Global Financial Crisis taught the Nations, it's Governments and Decision Makers, and how should they apply that knowledge to manage risks differently in the future?
https://www.garlic.com/~lynn/2009c.html#28 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#38 People to Blame for the Financial Crisis
https://www.garlic.com/~lynn/2009c.html#39 'WHO IS RESPONSIBLE FOR THE GLOBAL MELTDOWN'
https://www.garlic.com/~lynn/2009c.html#46 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#48 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#49 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#51 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#53 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#55 Who will give Citigroup the KNOCKOUT blow?
https://www.garlic.com/~lynn/2009c.html#65 is it possible that ALL banks will be nationalized?
https://www.garlic.com/~lynn/2009c.html#67 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009d.html#10 Who will Survive AIG or Derivative Counterparty Risk?
https://www.garlic.com/~lynn/2009d.html#14 Legacy clearing threat to OTC derivatives warns State Street
https://www.garlic.com/~lynn/2009d.html#16 The Formula That Killed Wall Street
https://www.garlic.com/~lynn/2009d.html#18 HSBC is expected to announce a profit, which is good, what did they do differently?
https://www.garlic.com/~lynn/2009d.html#28 I need insight on the Stock Market
https://www.garlic.com/~lynn/2009d.html#42 Bernard Madoff Is Jailed After Pleading Guilty -- are there more "Madoff's" out there?
https://www.garlic.com/~lynn/2009d.html#61 Quiz: Evaluate your level of Spreadsheet risk
https://www.garlic.com/~lynn/2009d.html#62 Is Wall Street World's Largest Ponzi Scheme where Madoff is Just a Poster Child?
https://www.garlic.com/~lynn/2009d.html#63 Do bonuses foster unethical conduct?
https://www.garlic.com/~lynn/2009d.html#64 Should AIG executives be allowed to keep the bonuses they were contractually obligated to be paid?
https://www.garlic.com/~lynn/2009d.html#73 Should Glass-Steagall be reinstated?
https://www.garlic.com/~lynn/2009d.html#74 Why is everyone talking about AIG bonuses of millions and keeping their mouth shut on billions sent to foreign banks?
https://www.garlic.com/~lynn/2009e.html#0 What is swap in the financial market?
https://www.garlic.com/~lynn/2009e.html#8 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009e.html#13 Should we fear and hate derivatives?
https://www.garlic.com/~lynn/2009e.html#15 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009e.html#17 Why is everyone talking about AIG bonuses of millions and keeping their mouth shut on billions sent to foreign banks?
https://www.garlic.com/~lynn/2009e.html#23 Should FDIC or the Federal Reserve Bank have the authority to shut down and take over non-bank financial institutions like AIG?
https://www.garlic.com/~lynn/2009e.html#35 Architectural Diversity
https://www.garlic.com/~lynn/2009e.html#36 Architectural Diversity
https://www.garlic.com/~lynn/2009e.html#70 When did "client server" become part of the language?
https://www.garlic.com/~lynn/2009f.html#2 CEO pay sinks - Wall Street Journal/Hay Group survey results just released
https://www.garlic.com/~lynn/2009f.html#29 What is the real basis for business mess we are facing today?
https://www.garlic.com/~lynn/2009f.html#31 What is the real basis for business mess we are facing today?
https://www.garlic.com/~lynn/2009f.html#35 US banking Changes- TARP Proposl
https://www.garlic.com/~lynn/2009f.html#38 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#43 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#51 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#55 Cobol hits 50 and keeps counting
https://www.garlic.com/~lynn/2009g.html#5 Do the current Banking Results in the US hide a grim truth?
https://www.garlic.com/~lynn/2009g.html#7 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#8 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#33 Treating the Web As an Archive
https://www.garlic.com/~lynn/2009g.html#34 Board Visibility Into The Business
https://www.garlic.com/~lynn/2009g.html#76 Undoing 2000 Commodity Futures Modernization Act
https://www.garlic.com/~lynn/2009h.html#1 z/Journal Does it Again
https://www.garlic.com/~lynn/2009h.html#3 Consumer Credit Crunch and Banking Writeoffs
https://www.garlic.com/~lynn/2009h.html#17 REGULATOR ROLE IN THE LIGHT OF RECENT FINANCIAL SCANDALS
https://www.garlic.com/~lynn/2009i.html#13 64 Cores -- IBM is showing a prototype already
https://www.garlic.com/~lynn/2009i.html#21 Why are z/OS people reluctant to use z/OS UNIX?
https://www.garlic.com/~lynn/2009i.html#54 64 Cores -- IBM is showing a prototype already
https://www.garlic.com/~lynn/2009i.html#60 In the USA "financial regulator seeks power to curb excess speculation."
https://www.garlic.com/~lynn/2009i.html#74 Administration calls for financial system overhaul
https://www.garlic.com/~lynn/2009i.html#77 Financial Regulatory Reform - elimination of loophole allowing special purpose institutions outside Bank Holding Company (BHC) oversigh
https://www.garlic.com/~lynn/2009j.html#12 IBM identity manager goes big on role control
https://www.garlic.com/~lynn/2009j.html#35 what is mortgage-backed securities?
https://www.garlic.com/~lynn/2009j.html#81 64 Cores -- IBM is showing a prototype already
https://www.garlic.com/~lynn/2009k.html#66 A Complete History Of Mainframe Computing
https://www.garlic.com/~lynn/2009l.html#5 Internal fraud isn't new, but it's news
https://www.garlic.com/~lynn/2009m.html#81 A Faster Way to the Cloud
https://www.garlic.com/~lynn/2009n.html#13 UK issues Turning apology (and about time, too)
https://www.garlic.com/~lynn/2009n.html#56 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009o.html#23 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009o.html#48 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009o.html#56 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009o.html#66 Need for speedy cryptography
https://www.garlic.com/~lynn/2009o.html#84 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009p.html#51 Opinions on the 'Unix Haters' Handbook
https://www.garlic.com/~lynn/2009q.html#67 Now is time for banks to replace core system according to Accenture
https://www.garlic.com/~lynn/2009q.html#77 Now is time for banks to replace core system according to Accenture
https://www.garlic.com/~lynn/2009r.html#35 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2009r.html#46 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2009r.html#47 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2009r.html#61 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2009s.html#9 Union Pacific Railroad ditches its mainframe for SOA
https://www.garlic.com/~lynn/2009s.html#45 Audits VII: the future of the Audit is in your hands
https://www.garlic.com/~lynn/2010b.html#16 How long for IBM System/360 architecture and its descendants?
https://www.garlic.com/~lynn/2010b.html#82 Oldest Instruction Set still in daily use?
https://www.garlic.com/~lynn/2010c.html#8 search engine history, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010f.html#4 LPARs: More or Less?
https://www.garlic.com/~lynn/2010f.html#54 The 2010 Census
https://www.garlic.com/~lynn/2010h.html#22 In the News: SEC storms the 'Castle'
https://www.garlic.com/~lynn/2010h.html#27 In the News: SEC storms the 'Castle'
https://www.garlic.com/~lynn/2010h.html#28 Our Pecora Moment
https://www.garlic.com/~lynn/2010h.html#31 In the News: SEC storms the 'Castle'
https://www.garlic.com/~lynn/2010h.html#32 In the News: SEC storms the 'Castle'
https://www.garlic.com/~lynn/2010h.html#67 The Python and the Mongoose: it helps if you know the rules of engagement
https://www.garlic.com/~lynn/2010i.html#41 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010k.html#6 taking down the machine - z9 series
https://www.garlic.com/~lynn/2010k.html#29 Snow White and the Seven Dwarfs
https://www.garlic.com/~lynn/2010l.html#14 Age
https://www.garlic.com/~lynn/2010l.html#38 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010l.html#68 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010n.html#36 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010n.html#38 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010p.html#54 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2010p.html#69 Moody's hints at move that could be catastrophic for US debt
https://www.garlic.com/~lynn/2010q.html#29 Ernst & Young sued for fraud over Lehman
https://www.garlic.com/~lynn/2010q.html#40 Ernst & Young sued for fraud over Lehman
https://www.garlic.com/~lynn/2011.html#42 Looking for a real Fortran-66 compatible PC compiler (CP/M or DOSor Windows
https://www.garlic.com/~lynn/2011.html#85 Two terrific writers .. are going to write a book
https://www.garlic.com/~lynn/2011c.html#35 If IBM Hadn't Bet the Company
https://www.garlic.com/~lynn/2011d.html#19 The first personal computer (PC)
https://www.garlic.com/~lynn/2011e.html#38 On Protectionism
https://www.garlic.com/~lynn/2011f.html#52 Are Americans serious about dealing with money laundering and the drug cartels?
https://www.garlic.com/~lynn/2011g.html#55 Mobius Says Financial Crisis 'Around the Corner'
https://www.garlic.com/~lynn/2011h.html#25 US Housing Crisis Is Now Worse Than Great Depression
https://www.garlic.com/~lynn/2011h.html#29 Obama: "We don't have enough engineers"
https://www.garlic.com/~lynn/2011h.html#40 Delinquent Homeowners to Get Mortgage Aid from Government
https://www.garlic.com/~lynn/2011i.html#8 'Megalomania, Insanity' Fueled Bubble: Munger
https://www.garlic.com/~lynn/2011i.html#52 At least two decades back, some gurus predicted that mainframes would disappear in future and it still has not happened
https://www.garlic.com/~lynn/2011j.html#24 rating agencies
https://www.garlic.com/~lynn/2011j.html#41 Advice from Richard P. Feynman
https://www.garlic.com/~lynn/2011j.html#64 Silicon Valley's Undertaker: 'We're Anticipating a Major Fallout'
https://www.garlic.com/~lynn/2011k.html#4 Geithner, Bernanke have little in arsenal to fight new crisis
https://www.garlic.com/~lynn/2011k.html#5 AIG's Bank Of America Suit Puts Trashy Paper On Display
https://www.garlic.com/~lynn/2011k.html#13 Last card reader?
https://www.garlic.com/~lynn/2011k.html#30 Regulators seek to plug derivatives data gaps
https://www.garlic.com/~lynn/2011k.html#46 Sand in Machine Makes a Stable Market
https://www.garlic.com/~lynn/2011k.html#54 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011k.html#56 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011k.html#76 FIA shocked and outraged after Senator leaks oil trading data
https://www.garlic.com/~lynn/2011k.html#80 Selectric Typewriter--50th Anniversary
https://www.garlic.com/~lynn/2011l.html#74 computer bootlaces
https://www.garlic.com/~lynn/2011m.html#2 computer bootlaces
https://www.garlic.com/~lynn/2011m.html#71 Don't Dump the Volcker Rule Just Because It's Not Perfect
https://www.garlic.com/~lynn/2011n.html#10 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2011n.html#41 The men who crashed the world
https://www.garlic.com/~lynn/2011n.html#79 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#62 Civilization, doomed?
https://www.garlic.com/~lynn/2011o.html#76 How Pursuit of Profits Kills Innovation and the U.S. Economy
https://www.garlic.com/~lynn/2011o.html#77 How Pursuit of Profits Kills Innovation and the U.S. Economy
https://www.garlic.com/~lynn/2011p.html#28 The men who crashed the world
https://www.garlic.com/~lynn/2011p.html#72 The men who crashed the world
https://www.garlic.com/~lynn/2011p.html#88 Fed Report Finds Speculators Played Big Role in Housing Collapse
https://www.garlic.com/~lynn/2011p.html#132 Yes Virginia, Electronic Signatures Are Legal
https://www.garlic.com/~lynn/2012b.html#95 Bank of America Fined $1 Billion for Mortgage Fraud
https://www.garlic.com/~lynn/2012c.html#31 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#32 US real-estate has lost $7T in value
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 24 Feb, 2012 Subject: Where are all the old tech workers? Blog: Old Geekre:
Note that the PC industry quality/reliability is somewhat at the state
of the US auto industry ... recent Google+ item
https://plus.google.com/u/0/102794881687002297268/posts/6aYZJndX2cF
references this 1990 article that recently showed up on LA Times
website
http://articles.latimes.com/1990-01-14/news/mn-277_1_japanese-cars
similar reference/post in this Boyd group discussion
http://lnkd.in/Jpd28G
In the 80s, there was a call for 100% unearned profit tax on the US auto industry. The theory was that congress imposed import quotas to reduce competition and significantly increase profit that would be used to completely remake themselves. However, the all the profit was just pocketed and things continued "business as usual"
As mentioned about the time of the LA Times article, the US auto industry had C4 task force (finally) looking at completely remaking themselves. The strategy included heavily leveraging technology as part of the make-over ... so several technology vendors were invited to participated. They were able to clearly articulate what was the competitive issues and what needed to be done (remember this was 1990) ... but as since was seen ... apparently all the stakeholders continued to block any significant change (disclaimer: I was one of the technology vendor reps attending some of the meetings).
OS/360 releases tended to be new function release followed by a stable/bug-fixing release. Even with the stable/bug-fixing release you wanted to want several months to let some of the early adopters work out the kinks ... and then you typically sent several weeks testing before moving into production.
The balkanization of skills was referenced in this recent long-winded
ibm-main (mainframe mailing list) post about page replacement
algorithms and various "bugs" in various products
https://www.garlic.com/~lynn/2012c.html#34
one specific was long-standing "feature" bug that SVS was told not to
do ... and it wasn't until well into MVS releases that they decided
that maybe they were wrong (the purposeful "feature" resulted in "bug"
that high-use, linkpack, shared executable pages would be selected for
replacement before private, lower-use non-shared application data
pages
https://www.garlic.com/~lynn/2012c.html#17
the upthread Boyd discussion group reference
http://lnkd.in/Jpd28G
also archived here:
https://www.garlic.com/~lynn/2012c.html#35
mentions doing a lot of networking things in the 80s and in the mid-80s getting some equipment built in Japan ... and the vendor proud to show of work that they were doing with Toyota to replace the traditional car wiring harness with LAN technology that had much higher reliability, availability ... but was also easier to diagnose when there was a fault
In the mid&late 80s the communication group was trying hard to keep
PCs restricted primarily to use as terminal emulation (with minimal
local computing capability). In the time-frame, a senior disk engineer
got a talk scheduled at an internal, world-wide, annual communication
group conference and opened with the statement that the communication
group was going to be responsible for demise of the disk division
(which has since come to pass) ... the scenario was that the disk
division was starting to see data fleeing the datacenter (and drop in
sales) to more distributed computing friendly platforms. They had
developed several products to correct the situation ... but since the
communication group had strategic "ownership" of everything that cross
the datacenter walls ... they could veto all such efforts (as part of
protecting their terminal emulation install base) ... some past posts
https://www.garlic.com/~lynn/subnetwork.html#terminal
That was also part of blocking our being able to bid on the NSFNET
Backbone RFP (nsfnet backbone was the operational basis for the modern
internet) ... some past emails
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
The director of NSF writing the comapny a letter 3Apr1986, NSF Director to IBM Chief Scientist and IBM Senior VP and director of Research, copying IBM CEO)
trying to help but that just aggravated the internal politics. Efforts
including various mis-information, like claiming that SNA could be
used for the NSFNET backbone ... old email reference
https://www.garlic.com/~lynn/2006w.html#email870109
past posts in this thread:
https://www.garlic.com/~lynn/2012.html#74 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012.html#84 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012.html#89 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012.html#93 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012b.html#43 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012b.html#47 Where are all the old tech workers?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 24 Feb, 2012 Subject: Where are all the old tech workers? Blog: Old Geekre:
VTAM/SNA didn't even have a network layer ... to say nothing of a internetworking layer. VTAM/SNA was designed around mainframe supporting large number of dumb-terminals. My wife had co-authored internal architecture whitepaper 39 (AWP39) in the early days ... and had to call it "peer-to-peer" networking ... since VTAM/SNA group had subverted the "network" term to apply to what they were doing.
Note the closest thing that came to networking layer for SNA was APPN (AWP164) ... but wasn't VTAM. In fact the communication group vetoed announcing APPN and it took several weeks and rewriting the announcement letter before it was allowed to come out (at the time, the person responsible for APPN and I reported to the same executive ... I would needle him to stop trying to help SNA and work on real networking).
In the late 80s, the communication group was just starting to back OSI ... which while it had a network layer ... it lacked a internetwork layer. The lack of internetworking layer is barrier to scaling up to large world-wide interconnectivity between lots of different organizations. X3S3.3 was the ISO chartered US standards body responsible for network&transport layer standards ... and while not quite as extreme as the SNA group ... they were under restrictions by ISO that they could only work on standards that conformed to OSI.
I was involved in taking HSP (high-speed protocol) to x3s3.3 for standardization and it was rejected because if failed to conform to OSI for:
1) it supported internetworking layer ... doesn't exist in OSI (would sit between top of network layer 3 and bottom of transport layer 4)
2) it went directly from transport to LAN MAC interface ... bypassing layer3/layer4 interface
3) it supported LAN MAC interface ... which doesn't exist in OSI ... sits approximately in the middle of network layer 3 (some of the network layer functions but not all)
some past posts mentioning HSP (and/or XTP)
https://www.garlic.com/~lynn/subnetwork.html#xtphsp
Note that in the late 80s and early 90s ... there was the Federal gov. GOSIP mandate to eliminate TCP/IP and the internet and replace it with OSI ... that didn't happen.
Part of the communication group attempting to maintain the terminal
emulation paradigm was fighting off client/server. However, in the
late 80s, we had come up 3-tier architecture, middle layer (what was
to become middleware) and were out pitching it to corporate executives
... and take lots of grief from the communication group ... misc. past
posts
https://www.garlic.com/~lynn/subnetwork.html#3tier
Another part was the communication group converting the internal
network to SNA in the late 80s ... which would have been enormously
more cost effective if they had converted the internal network to
tcp/ip instead. A couple old emails about mis-information and other
efforts they did to get the conversion:
https://www.garlic.com/~lynn/2006x.html#email870302 ...
https://www.garlic.com/~lynn/2011.html#email870306
The internal network was larger than the internet/arpanet from just
about the beginning until sometime late 85 or early 86 ... past posts
mentioning internal network
https://www.garlic.com/~lynn/subnetwork.html#internalnet
I mentioned in other refs. in the 80s, I had effort I called
high-speed data transport ... past posts
https://www.garlic.com/~lynn/subnetwork.html#hsdt
and I was having some hardware built on the other side of the Pacific. On friday before I was to leave, the communication group distributed announcement for new internal discussion group on high-speed communication with the following definition:
low-speed: <9.6kbits medium-speed: 19.2kbits high-speed : 56kbits very high-speed: 1.5mbitsMonday morning, in conference room on the other side of the Pacific
low-speed: <20mbits medium-speed: 100mbits high-speed: 200-300mbits very high-speed: >600mbits... part of the communication group story was that their 37x5 products only went up to 56kbit ... and as T1 (& faster) became more & more an issue with customers ... the communication group eventually did a report for armonk showing why customers really didn't need T1 support until the mid-90s. They surveyed 37x5 "fat-pipes" ... the ability to treat a group of parallel 56kbit links as a logical link ... showing customers numbers for 2, 3, 4, 5, 6, etc. parallel 56kbit "fat pipes" ... where the number of uses dropped to zero above six. The issue that they failed to report was that the typical T1 tariff was about the same as five or six 56kbit links. As a result customers with higher-speed requirements would install T1 and switch to box from some other vendor.
The fabricated report that customers wouldn't need T1 support until
mid-90s starts to fall apart and eventually they came out with the
3737 ... which was a real rube goldberg with a bunch of 68k processors
and bunch of processing to spoof/fake-out the host mainframe VTAM
. . some old 3737 related email
https://www.garlic.com/~lynn/2011g.html#email880130 ..
https://www.garlic.com/~lynn/2011g.html#email880606 ..
https://www.garlic.com/~lynn/2011g.html#email881005
sort of preliminary to HSDT project, I did T1 support/driver for the santa teresa lab in the fall 1980 ... and then the HSDT project had T1 and higher-speed links through much of the 80s.
and we would claim our work with NSF for what was to become the NSFNET
backbone and our being able to demonstrate operational T1 was a factor
in the NSFNET backbone RFP calling for T1. some past posts mentioning
NSFNET (operational precursor to modern internet):
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
For other drift, the original mainframe tcp/ip product was on vm370
... and implemented in vs/pascal. There was some issues with the base
implementation throughput ... getting about 44kbytes/sec thruput using
full 3090 processor. I did the implementation for RFC1044 and in some
tuning tests at Cray research was able to get channel speed thruput
(mbyte/sec) between a 4341 and cray ... using only a modest amount of the 4341
processor (possibly 500 times improvement in the bytes moved per
instruction executed). misc. past posts mentioning doing RFC1044
support
https://www.garlic.com/~lynn/subnetwork.html#1044
In the late 80s, 3737 with all its gorp (large part spoofing host vtam ... including signaling packet had transferred as soon as it was at the 3737 and before it was even sent ... end-to-end handshaking latency in "real" sna/vtam would never been able to achieve any real thruput) had peak/aggregate thruput of about 2mbits/sec ... a T1 1.5mbit/sec link is full-duplex so aggregate transmission is 3mbits/sec. A Euro T1 is 2mbits/sec full-duplex or aggregate of 4mbits/sec.
Could add that to the list of communication groups mis-information
claiming sna/vtam could be used for the NSFNET T1 backbone.
https://www.garlic.com/~lynn/2006w.html#email870109
past posts in this thread:
https://www.garlic.com/~lynn/2012.html#74 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012.html#84 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012.html#89 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012.html#93 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012b.html#43 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012b.html#47 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012c.html#40 Where are all the old tech workers?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 25 Feb, 2012 Subject: Where are all the old tech workers? Blog: Old Geekre:
The PC disks is part of what did in xt/370 ... code named washington. it started out with PC boards with 68k that emulated 370 instructions at about 80kips and 384kbytes of 370 memory running modified version of vm370 (w/cms) ... and all I/O was done via messages to cp/88 running on the PC ... using pc hardware. I did some early benchmarks and showed that most applications were page thrashing (which was really slow since that was also I/O done via messages to cp/88 and then disk i/o on PC 100ms/record disk).
They blamed me for 6month slip in schedule ... while they retrofitted
an extra 128kbytes to the product. Even then CMS applications tended
to compare poorly with MS/DOS equivalents. The issue was CMS
applications had grown up in environment with larger memory and
powerful mainframe disks ... while DOS applications development had
tended to be much more conservative with memory and its disk activity
(i.e. CMS apps tended to be require more storage and disk activity
than their DOS counterparts). recent post
https://www.garlic.com/~lynn/2012b.html#27 M68k add to memory is not a mistake any more
Late 70s, large 3033 installations had different kind of memory problem even with 16mbyte of memory. The issue was that in SVS->MVS, each application got 16mbyte virtual address space ... but because of strong heritage of pointer-passing API ... 8mbytes in every virtual address space was dedicated to image of the MVS kernel.
Also, since the subsystems went into their own private virtual address
space ... this created enormous problems of its own for a application
making a subsystem call (subsystem in a different address space)
... passing a pointer to parameter list in the application address
space. The invention was CSA ... which was an area in every virtual
address space where applications and subsystems could pass parameters
and other data back&forth. This started out as 1mbyte area (plus
kernel 8mbyte image) leaving only 7mbytes for applications (out of
each 16mbyte virtual area). For large 3033 systems, with several
subsystems and concurrently running applications ... CSA would be
4-5mbytes ... threatening to increase to 6mbytes (leaving just 2mbytes
for application use out of every 16mbyte virtual area). recent post:
https://www.garlic.com/~lynn/2012b.html#66 M68k add to memory is not a mistake any more
past posts in this thread:
https://www.garlic.com/~lynn/2012.html#74 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012.html#84 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012.html#89 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012.html#93 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012b.html#43 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012b.html#47 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012c.html#40 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012c.html#41 Where are all the old tech workers?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: M68k add to memory is not a mistake any more Newsgroups: comp.arch Date: Sat, 25 Feb 2012 11:15:59 -0500Quadibloc <jsavard@ecn.ab.ca> writes:
Initial attempts to get compare&swap included in 370 architecture was
rebuffed by the architecture owners; their comment was that the favorite
son operating system people were saying test&set was more than adequate
for multiprocessor locking. The challenge was to come up with a
justification that wasn't multiprocessor specific. Thus was born the
examples for multi-threaded application code (that was enabled for
interrupts) like large DBMS (that required serialization/locking)
... and compare&swap got included in 370 architecture. misc. past posts
mentioning multiprocessor and/or compare&swap
https://www.garlic.com/~lynn/subtopic.html#smp
the examples continue to survive (multiprogramming is mainframe speak for multi-threaded) 40yrs later
Multiprogramming and Multiprocessing Examples
http://publibz.boulder.ibm.com/cgi-bin/bookmgr_OS390/BOOKS/DZ9ZR003/A.6?SHELF=DZ9ZBK03&DT=20040504121320
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 25 Feb, 2012 Subject: New Citigroup Looks Too Much Like the Old One Blog: Google+re:
New Citigroup Looks Too Much Like the Old One
http://www.bloomberg.com/news/2012-02-24/new-citigroup-looks-too-much-like-the-old-one-commentary-by-jonathan-weil.html
In the time of the S&L crisis, Citi was the largest player in the mortgage market, but it realized that its ARM mortgage portfolio could take down the institution, it then sold off its mortgage portfolio, got out of mortgages and required a private bailout to stay in business. A decade or so later ... all that institutional knowledge appeared to have evaporated.
old post from Jan1999 with parts of long-winded discussions of issues
(up until that time):
https://www.garlic.com/~lynn/aepay3.htm#riskm
misc. past posts mentioning about reference:
https://www.garlic.com/~lynn/aadsm10.htm#cfppki13 CFP: PKI research workshop
https://www.garlic.com/~lynn/aadsm10.htm#smallpay2 Small/Secure Payment Business Models
https://www.garlic.com/~lynn/aadsm10.htm#keygen Welome to the Internet, here's your private key
https://www.garlic.com/~lynn/aadsm12.htm#63 Intertrust, Can Victor Shear Bring Down Microsoft?
https://www.garlic.com/~lynn/aadsm15.htm#24 Homeland Security chief mulls SEC cybersecurity filings
https://www.garlic.com/~lynn/aadsm19.htm#10 Security as a "Consumer Choice" model or as a sales (SANS) model?
https://www.garlic.com/~lynn/aadsm19.htm#15 Loss Expectancy in NPV calculations
https://www.garlic.com/~lynn/aadsm19.htm#16 Loss Expectancy in NPV calculations
https://www.garlic.com/~lynn/aadsm19.htm#34 encrypted tapes (was Re: Papers about "Algorithm hiding" ?)
https://www.garlic.com/~lynn/aadsm23.htm#31 JIBC April 2006 - "Security Revisionism"
https://www.garlic.com/~lynn/aadsm23.htm#44 ThreatWatch - markets in loss, Visa's take, 419 "chairmen"
https://www.garlic.com/~lynn/aadsm23.htm#56 UK Detects Chip-And-PIN Security Flaw
https://www.garlic.com/~lynn/aadsm24.htm#8 Microsoft - will they bungle the security game?
https://www.garlic.com/~lynn/aadsm25.htm#15 Sarbanes-Oxley is what you get when you don't do FC
https://www.garlic.com/~lynn/aadsm25.htm#28 WESII - Programme - Economics of Securing the Information Infrastructure
https://www.garlic.com/~lynn/aadsm26.htm#14 Who has a Core Competency in Security?
https://www.garlic.com/~lynn/aadsm27.htm#11 Is this Risk Management's Waterloo?
https://www.garlic.com/~lynn/aadsm28.htm#46 The bond that fell to Earth
https://www.garlic.com/~lynn/aadsm28.htm#57 Who do we have to blame for the mortgage crisis in America?
https://www.garlic.com/~lynn/aadsm28.htm#59 Information Security Vs. Businesss Resilience
https://www.garlic.com/~lynn/aadsm28.htm#60 Seeking expert on credit card fraud prevention - particularly CNP/online transactions
https://www.garlic.com/~lynn/aadsm28.htm#61 Is Basel 2 out...Basel 3 in?
https://www.garlic.com/~lynn/aadsm28.htm#62 Who do we have to blame for the mortgage crisis in America?
https://www.garlic.com/~lynn/aadsm28.htm#66 Would the Basel Committee's announced enhancement of Basel II Framework and other steps have prevented the current global financial crisis had they been implemented years ago?
https://www.garlic.com/~lynn/aadsm28.htm#68 Which is the strongest currency in the world? Now? Projected for the next 3 years?
https://www.garlic.com/~lynn/aadsm28.htm#70 VCs have a self-destruction gene, let's tweak it
https://www.garlic.com/~lynn/aadsm5.htm#encryp Encryption article
https://www.garlic.com/~lynn/aadsm6.htm#terror2 [FYI] Did Encryption Empower These Terrorists?
https://www.garlic.com/~lynn/aadsm6.htm#terror3 [FYI] Did Encryption Empower These Terrorists?
https://www.garlic.com/~lynn/aadsm6.htm#terror10 [FYI] Did Encryption Empower These Terrorists?
https://www.garlic.com/~lynn/aepay7.htm#3dsecure 3D Secure Vulnerabilities? Photo ID's and Payment Infrastructure
https://www.garlic.com/~lynn/2001e.html#77 Apology to Cloakware (open letter)
https://www.garlic.com/~lynn/2001f.html#31 Remove the name from credit cards!
https://www.garlic.com/~lynn/2001f.html#35 Security Concerns in the Financial Services Industry
https://www.garlic.com/~lynn/2001f.html#79 FREE X.509 Certificates
https://www.garlic.com/~lynn/2001g.html#38 distributed authentication
https://www.garlic.com/~lynn/2001h.html#45 Article: Future Trends in Information Security
https://www.garlic.com/~lynn/2001h.html#64 Net banking, is it safe???
https://www.garlic.com/~lynn/2001j.html#5 E-commerce security????
https://www.garlic.com/~lynn/2001j.html#44 Does "Strong Security" Mean Anything?
https://www.garlic.com/~lynn/2001l.html#56 hammer
https://www.garlic.com/~lynn/2002c.html#35 TOPS-10 logins (Was Re: HP-2000F - want to know more about it)
https://www.garlic.com/~lynn/2002f.html#15 Mail system scalability (Was: Re: Itanium troubles)
https://www.garlic.com/~lynn/2002h.html#27 Why are Mainframe Computers really still in use at all?
https://www.garlic.com/~lynn/2002k.html#11 Serious vulnerablity in several common SSL implementations?
https://www.garlic.com/~lynn/2002m.html#20 A new e-commerce security proposal
https://www.garlic.com/~lynn/2003k.html#41 An Understanding Database Theory
https://www.garlic.com/~lynn/2004b.html#9 A hundred subjects: 64-bit OS2/eCs, Innotek Products,
https://www.garlic.com/~lynn/2004e.html#19 Message To America's Students: The War, The Draft, Your Future
https://www.garlic.com/~lynn/2005j.html#63 The 8008
https://www.garlic.com/~lynn/2005k.html#1 More on garbage
https://www.garlic.com/~lynn/2005o.html#37 What ever happened to Tandem and NonStop OS ?
https://www.garlic.com/~lynn/2006h.html#19 The Pankian Metaphor
https://www.garlic.com/~lynn/2006k.html#24 Value of an old IBM PS/2 CL57 SX Laptop
https://www.garlic.com/~lynn/2006k.html#49 Value of an old IBM PS/2 CL57 SX Laptop
https://www.garlic.com/~lynn/2006o.html#61 Health Care
https://www.garlic.com/~lynn/2006w.html#47 'Innovation' and other crimes
https://www.garlic.com/~lynn/2007b.html#30 How many 36-bit Unix ports in the old days?
https://www.garlic.com/~lynn/2007b.html#33 security engineering versus information security
https://www.garlic.com/~lynn/2007c.html#11 Decoding the encryption puzzle
https://www.garlic.com/~lynn/2007e.html#24 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007h.html#64 sizeof() was: The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007h.html#66 sizeof() was: The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007i.html#12 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007j.html#0 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007j.html#46 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007j.html#75 IBM Unionization
https://www.garlic.com/~lynn/2007k.html#51 IBM Unionization
https://www.garlic.com/~lynn/2007n.html#53 Windows Monitor or CUSP? [was ReJohn W. Backus, 82, Fortran developer, dies]
https://www.garlic.com/~lynn/2007o.html#0 The Unexpected Fact about the First Computer Programmer
https://www.garlic.com/~lynn/2007p.html#50 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007q.html#7 what does xp do when system is copying
https://www.garlic.com/~lynn/2007r.html#60 Fixing our fraying Internet infrastructure
https://www.garlic.com/~lynn/2007s.html#1 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007s.html#25 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007s.html#28 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007t.html#12 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007t.html#15 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#27 'Man in the browser' is new threat to online banking
https://www.garlic.com/~lynn/2007t.html#50 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007v.html#25 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2008.html#66 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#70 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#71 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#78 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008b.html#14 on-demand computing
https://www.garlic.com/~lynn/2008c.html#13 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#38 outsourcing moving up value chain
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008f.html#11 independent appraisers
https://www.garlic.com/~lynn/2008f.html#15 independent appraisers
https://www.garlic.com/~lynn/2008f.html#51 independent appraisers
https://www.garlic.com/~lynn/2008f.html#57 independent appraisers
https://www.garlic.com/~lynn/2008f.html#75 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#76 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#77 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#79 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#86 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008f.html#89 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#2 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop
https://www.garlic.com/~lynn/2008g.html#12 independent appraisers
https://www.garlic.com/~lynn/2008g.html#16 independent appraisers
https://www.garlic.com/~lynn/2008g.html#32 independent appraisers
https://www.garlic.com/~lynn/2008g.html#51 IBM CEO's remuneration last year ?
https://www.garlic.com/~lynn/2008g.html#57 Credit crisis could cost nearly $1 trillion, IMF predicts
https://www.garlic.com/~lynn/2008g.html#59 Credit crisis could cost nearly $1 trillion, IMF predicts
https://www.garlic.com/~lynn/2008g.html#64 independent appraisers
https://www.garlic.com/~lynn/2008h.html#1 subprime write-down sweepstakes
https://www.garlic.com/~lynn/2008h.html#3 America's Prophet of Fiscal Doom
https://www.garlic.com/~lynn/2008h.html#8a Using Military Philosophy to Drive High Value Sales
https://www.garlic.com/~lynn/2008h.html#28 subprime write-down sweepstakes
https://www.garlic.com/~lynn/2008h.html#32 subprime write-down sweepstakes
https://www.garlic.com/~lynn/2008h.html#89 Credit Crisis Timeline
https://www.garlic.com/~lynn/2008i.html#30 subprime write-down sweepstakes
https://www.garlic.com/~lynn/2008i.html#55 Is data classification the right approach to pursue a risk based information security program?
https://www.garlic.com/~lynn/2008i.html#64 Is the credit crunch a short term aberation
https://www.garlic.com/~lynn/2008i.html#77 Do you think the change in bankrupcy laws has exacerbated the problems in the housing market leading more people into forclosure?
https://www.garlic.com/~lynn/2008i.html#104 dollar coins
https://www.garlic.com/~lynn/2008j.html#23 dollar coins
https://www.garlic.com/~lynn/2008j.html#29 dollar coins
https://www.garlic.com/~lynn/2008j.html#38 dollar coins
https://www.garlic.com/~lynn/2008j.html#46 dollar coins
https://www.garlic.com/~lynn/2008j.html#48 dollar coins
https://www.garlic.com/~lynn/2008j.html#68 lack of information accuracy
https://www.garlic.com/~lynn/2008j.html#69 lack of information accuracy
https://www.garlic.com/~lynn/2008k.html#10 Why do Banks lend poorly in the sub-prime market? Because they are not in Banking!
https://www.garlic.com/~lynn/2008k.html#11 dollar coins
https://www.garlic.com/~lynn/2008k.html#16 dollar coins
https://www.garlic.com/~lynn/2008k.html#27 dollar coins
https://www.garlic.com/~lynn/2008k.html#33 dollar coins
https://www.garlic.com/~lynn/2008l.html#67 dollar coins
https://www.garlic.com/~lynn/2008m.html#12 Fraud due to stupid failure to test for negative
https://www.garlic.com/~lynn/2008m.html#26 Fraud due to stupid failure to test for negative
https://www.garlic.com/~lynn/2008m.html#27 Fraud due to stupid failure to test for negative
https://www.garlic.com/~lynn/2008m.html#91 Blinkylights
https://www.garlic.com/~lynn/2008m.html#92 Blinkylights
https://www.garlic.com/~lynn/2008m.html#95 Blinkylights
https://www.garlic.com/~lynn/2008m.html#99 Blinkylights
https://www.garlic.com/~lynn/2008n.html#14 Blinkylights
https://www.garlic.com/~lynn/2008n.html#24 Blinkylights
https://www.garlic.com/~lynn/2008n.html#37 Success has many fathers, but failure has the US taxpayer
https://www.garlic.com/~lynn/2008n.html#49 VMware Chief Says the OS Is History
https://www.garlic.com/~lynn/2008n.html#56 VMware Chief Says the OS Is History
https://www.garlic.com/~lynn/2008n.html#69 Another quiet week in finance
https://www.garlic.com/~lynn/2008n.html#94 Blinkylights
https://www.garlic.com/~lynn/2008o.html#14 Blinkylights
https://www.garlic.com/~lynn/2008o.html#15 Financial Crisis - the result of uncontrolled Innovation?
https://www.garlic.com/~lynn/2008o.html#19 What's your view of current global financial / economical situation?
https://www.garlic.com/~lynn/2008o.html#26 SOX (Sarbanes-Oxley Act), is this really followed and worthful considering current Financial Crisis?
https://www.garlic.com/~lynn/2008o.html#28 Does anyone get the idea that those responsible for containing this finanical crisis are doing too much?
https://www.garlic.com/~lynn/2008o.html#42 The human plague
https://www.garlic.com/~lynn/2008o.html#65 Can the financial meltdown be used to motivate sustainable development in order to achieve sustainable growth and desired sustainability?
https://www.garlic.com/~lynn/2008o.html#68 Blinkenlights
https://www.garlic.com/~lynn/2008o.html#78 Who murdered the financial system?
https://www.garlic.com/~lynn/2008o.html#80 Can we blame one person for the financial meltdown?
https://www.garlic.com/~lynn/2008o.html#82 Greenspan testimony and securization
https://www.garlic.com/~lynn/2008p.html#47 In Modeling Risk, the Human Factor Was Left Out
https://www.garlic.com/~lynn/2008p.html#70 Is there any technology that we are severely lacking in the Financial industry?
https://www.garlic.com/~lynn/2008q.html#11 Blinkenlights
https://www.garlic.com/~lynn/2008q.html#26 Blinkenlights
https://www.garlic.com/~lynn/2008q.html#57 Blinkenlights
https://www.garlic.com/~lynn/2008r.html#4 Basel Committee outlines plans to strengthen Basel II
https://www.garlic.com/~lynn/2008r.html#35 Blinkenlights
https://www.garlic.com/~lynn/2008r.html#67 What is securitization and why are people wary of it ?
https://www.garlic.com/~lynn/2008s.html#8 Top financial firms of US are eyeing on bailout. It implies to me that their "Risk Management Department's" assessment was way below expectations
https://www.garlic.com/~lynn/2008s.html#9 Blind-sided, again. Why?
https://www.garlic.com/~lynn/2008s.html#20 Five great technological revolutions
https://www.garlic.com/~lynn/2008s.html#23 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2008s.html#35 Is American capitalism and greed to blame for our financial troubles in the US?
https://www.garlic.com/~lynn/2008s.html#55 Is this the story behind the crunchy credit stuff?
https://www.garlic.com/~lynn/2008s.html#60 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2008s.html#63 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2009.html#15 What are the challenges in risk analytics post financial crisis?
https://www.garlic.com/~lynn/2009.html#52 The Credit Crunch: Why it happened?
https://www.garlic.com/~lynn/2009.html#54 Business Science
https://www.garlic.com/~lynn/2009.html#63 CROOKS and NANNIES: what would Boyd do?
https://www.garlic.com/~lynn/2009.html#84 what was the idea behind Citigroup's splitting up into two different divisions? what does this do for citigroup?
https://www.garlic.com/~lynn/2009b.html#1 Are Both The U.S. & UK on the brink of debt disaster?
https://www.garlic.com/~lynn/2009b.html#23 BarCampBank - informal finance rantathon in London
https://www.garlic.com/~lynn/2009b.html#37 A great article was posted in another BI group: "To H*** with Business Intelligence: 40 Percent of Execs Trust Gut"
https://www.garlic.com/~lynn/2009b.html#53 Credit & Risk Management ... go Simple ?
https://www.garlic.com/~lynn/2009b.html#56 In your opinion, which facts caused the global crise situation?
https://www.garlic.com/~lynn/2009b.html#65 What can agencies such as the SEC do to insure us that something like Madoff's Ponzi scheme will never happen again?
https://www.garlic.com/~lynn/2009b.html#73 What can we learn from the meltdown?
https://www.garlic.com/~lynn/2009b.html#80 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#1 Audit II: Two more scary words: Sarbanes-Oxley
https://www.garlic.com/~lynn/2009d.html#40 Bernanke Says Regulators Must Protect Against Systemic Risks
https://www.garlic.com/~lynn/2009d.html#45 Bernanke Says Regulators Must Protect Against Systemic Risks
https://www.garlic.com/~lynn/2009d.html#59 Quiz: Evaluate your level of Spreadsheet risk
https://www.garlic.com/~lynn/2009d.html#73 Should Glass-Steagall be reinstated?
https://www.garlic.com/~lynn/2009d.html#77 Who first mentioned Credit Crunch?
https://www.garlic.com/~lynn/2009e.html#8 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009f.html#31 What is the real basis for business mess we are facing today?
https://www.garlic.com/~lynn/2009f.html#43 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#49 Is the current downturn cyclic or systemic?
https://www.garlic.com/~lynn/2009f.html#65 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#1 Future of Financial Mathematics?
https://www.garlic.com/~lynn/2009g.html#5 Do the current Banking Results in the US hide a grim truth?
https://www.garlic.com/~lynn/2009g.html#21 IBM forecasts 'new world order' for financial services
https://www.garlic.com/~lynn/2009g.html#27 Flawed Credit Ratings Reap Profits as Regulators Fail Investors
https://www.garlic.com/~lynn/2009g.html#31 OODA-loop obfuscation
https://www.garlic.com/~lynn/2009h.html#29 Analysing risk, especially credit risk in Banks, which was a major reason for the current crisis
https://www.garlic.com/~lynn/2011.html#94 The Curly Factor -- Prologue
https://www.garlic.com/~lynn/2011b.html#27 The Zippo Lighter theory of the financial crisis (or, who do we want to blame?)
https://www.garlic.com/~lynn/2011b.html#45 Productivity And Bubbles
https://www.garlic.com/~lynn/2011b.html#59 Productivity And Bubbles
https://www.garlic.com/~lynn/2011d.html#28 The first personal computer (PC)
https://www.garlic.com/~lynn/2011d.html#80 The first personal computer (PC)
https://www.garlic.com/~lynn/2011e.html#41 On Protectionism
https://www.garlic.com/~lynn/2011e.html#87 Scientists use maths to predict 'the end of religion' - Repost
https://www.garlic.com/~lynn/2011j.html#39 Advice from Richard P. Feynman
https://www.garlic.com/~lynn/2011k.html#89 The Grand Message in the Conceptual Spiral
https://www.garlic.com/~lynn/2011n.html#73 Did You Hear the One About the Bankers?
https://www.garlic.com/~lynn/2011o.html#51 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#52 Civilization, doomed?
https://www.garlic.com/~lynn/2011o.html#77 How Pursuit of Profits Kills Innovation and the U.S. Economy
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 25 Feb, 2012 Subject: Fannie, Freddie Charge Taxpayers For Legal Bills Blog: Google+re:
Fannie, Freddie Charge Taxpayers For Legal Bills
http://news.investors.com/article/602142/201202231855/stop-paying-fannie-freddie-legal-bills-for-fraud.htm
Note that Buffett was largest Freddie shareholder in 2000/2001 and then said he got completely out of GSEs because of their accounting practices ... so this has been going on for at least a decade.
There are claims that TARP funds into banks ... these banks were lent
trillions of free money by the federal reserve ... which was then
invested in US treasuries ... and then the profits from those US
treasuries were used to pay-off TARP (as well as pay huge executive
bonuses). One scenario was that federal reserve could have invested
the trillions in those US treasuries directly w/o requiring US
treasuries to pay any interest. 2010 account of some of the federal
reserve activity
http://www.csmonitor.com/USA/2010/1201/Federal-Reserve-s-astounding-report-We-loaned-banks-trillions
Similar account practices (to enrich executive compensation)
supposedly was motivation for Sarbanes-Oxley as countermeasure to
Enron/Worldcom ... however, required SEC to take action. Possibly
because even GAO didn't think SEC was doing anything, they started
doing reports of fraudulent public company financial filings
... showing uptic even after SOX (thousands, indicating pervasive part
of public company wallstreet culture)
https://www.gao.gov/products/gao-06-1079sp
item seen on the internet: Enron was a dry run and it worked so well it has become institutionalized
Federal Reserve fought legal action to divulge what they were doing
and afterwards there was article where Bernanke claimed that the
reason that Federal Reserve lent trillions of free money to the TARP
recipients was so they could turn around and lend it to mainstreet
... but he found instead, they were stashing most of it in treasuries
and profiting from the no-risk guaranteed return ... and he (Bernanke)
was at a loss as what to do next (other than maintaining the flow of
free funds to the TARP recipients). One of the 2010 articles after
Federal Reserve had been forced to divulge what was going on
http://www.csmonitor.com/USA/2010/1201/Federal-Reserve-s-astounding-report-We-loaned-banks-trillions
Part of the trillions also went to buy up at least a trillion of toxic
assets (triple-A rated toxic CDOs) ... which supposedly was the
original purpose for the appropriated TARP funds.
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
but that was obviously before they realized that there had been $27T
dollars in triple-A rated toxic CDOs during the bubble
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
... and the appropriated TARP funds wouldn't even start to make a dent ... so they had to come up with other uses for the funds (and let federal reserve do the heavy lifting behind the curtain)
in the fall of 2008, sales of several tens of billions of triple-A
rated toxic CDOs were being sold for 22cents on the dollar
... while federal reserve then was buying for 98cents on the
dollar. At the end of 2008, it was estimated that just the four
largest too-big-to-fail institutions were still carrying $5.2T
in triple-A rated toxic CDOs "off-book"
Bank's Hidden Junk Menaces $1 Trillion Purge
>http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akv_p6LBNIdw&refer=home
if they had been forced to bring them back on the books and correctly value them ... the institutions would have been declared insolvent and liquidated. This is part of the waiting game ... trying to slowly dissolve these assets and make them go away ... avoiding a day of reckoning for the institutions.
long-winded thread on responsibility:
https://plus.google.com/u/0/102794881687002297268/posts/TvXxxQM22ZR
posts in thread also archived here:
https://www.garlic.com/~lynn/2012c.html#30 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#31 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#32 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#36 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#37 US real-estate has lost $7T in value
misc. past posts mentioning Buffett & Freddie:
https://www.garlic.com/~lynn/2008m.html#17 Fraud due to stupid failure to test for negative
https://www.garlic.com/~lynn/2008m.html#76 When risks go south: FM&FM to be nationalized
https://www.garlic.com/~lynn/2008m.html#80 Fraud due to stupid failure to test for negative
https://www.garlic.com/~lynn/2008m.html#83 Fraud due to stupid failure to test for negative
https://www.garlic.com/~lynn/2008m.html#86 WSJ finds someone to blame.... be skeptical, and tell the WSJ to grow up
https://www.garlic.com/~lynn/2008m.html#87 Fraud due to stupid failure to test for negative
https://www.garlic.com/~lynn/2008m.html#92 Blinkylights
https://www.garlic.com/~lynn/2008n.html#0 Blinkylights
https://www.garlic.com/~lynn/2008n.html#74 Why can't we analyze the risks involved in mortgage-backed securities?
https://www.garlic.com/~lynn/2008n.html#80 Why did Sox not prevent this financal crisis?
https://www.garlic.com/~lynn/2008o.html#75 In light of the recent financial crisis, did Sarbanes-Oxley fail to work?
https://www.garlic.com/~lynn/2011b.html#42 Productivity And Bubbles
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: PC industry is heading for more change Newsgroups: alt.folklore.computers Date: Sun, 26 Feb 2012 10:09:57 -0500Peter Flass <Peter_Flass@Yahoo.com> writes:
a big part of the US problem was that mostly unregulated loan originators had new, and almost unlimited source of money that appeared when they discovered they could pay the rating agencies for triple-A ratings. A side-effect of being able to pay for triple-A ratings was that they also no longer had to care about borrowers qualifications and/or loan quality ... and could do no-down, no-documentation, 1% interest only payment ARMs.
With nobody checking borrowers qualifications and loan quality, speculators found that they could make enormous ROI in any parts of the country where inflation was larger than their percentage loan payments. 1% interest only payments makes 100% ROI with 2% inflation ... with 20%-30% inflation, 2000+% ROI (at 1% interest only payments).
The rapidly increasing speculation and non-owner-occupied ... further drove inflation ... which drove speculation motivation creating feedback and rapidly expanding bubble. The speculation also made it appear as if the demand was much greater than it actual was ... fueling a real-estate development bubble.
The real-estate building speculation appeared to be greatest in places viewed as highly desirable for retirement. I talked to some developers in Florida that were part of large condo building boom. Their scenario was that country was just on the leading edge of the baby boomer retirement wave; the baby-boomers would be selling their mc-mansions and moving to warm weather with enormous amounts of money in their pockets. This greatly contributed to the speculation building boom (in desirable retirement regions) ... coupled with the general real-estate speculation bubble. There were Florida news stories of low-income workers being induced to "buy" 3-4 high-value condos on speculation with the propsects of enormous riches being able to fleece the looming wave of retiring baby-boomers.
When the bubble punctures and deflates ... prices start to reset to pre-bubble levels ... price fall being the largest where the price increases and inflation had been the largest during the bubble. However, with the overbuilding during the bubble ... aggravating supply greater than demand ... tending to push prices down past what they had been before the bubble.
The deflating of the bubble and economic crash causes all sorts of ripples throughout the economy and lots of collaterial damage.
Recent article I read claimed that a big strength of the American labor market has been its mobility ... being able to pickup and move where-ever the demand is. Underwater mortgages inhibit mobility further aggravating the unemployment rate from the economic crash.
Congressional hearings into the rating agencies as the critical pivotal role enabling the real-estate bubble and enormous speculation ... found that the rating agencies had changed their business model in the early 70s from the buyers paying for the ratings to the sellers paying for the ratings. This severely mis-aligned their business model ... sowing the seeds for current economic crisis ... aka the ratings are for the interest of the buyers being as accurate as possible ... when the ratings were being paid for by the seller, the rating agencies interest became aligned with the sellers and providing as good a rating as possible (not as accurate as possible).
There were $27T in these triple-A rated toxic CDOs done during the
bubble (enormous source of funds to mostly unrelated loan originators
and removed any motivation for them to care about borrowers
qualifications and/or loan quality):
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
Part of the triple-A rating opened up new market of large institutional investors that were restricted to dealing in triple-A (like large retirement funds).
Congress appropriates TARP funds to purchase these toxic assets ... but
they relatively soon find that the amount of appropriated funds can't
even make a small dent in the magnitude of the problem and find other
uses for the funds
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
However Jan2009, US Treasury was still looking at needing to value the triple-A rated toxic CDOs and there was news item about making use of one of the cp67/vm370 service bureaus for valuing toxic assets. I had interviewed with one of the early cp67 service bureaus in the 60s ... about joining after I graudated. They were quickly moving up the value chain and starting to offer online financial information and targeting financial industry as customers. In the early 70s, they had bought the "pricing services" division from one of the rating agencies (about the time the rating agencies business model changed ... possibly interpreted as they no longer needed accurate pricing information as part of doing ratings).
Note that fall of 2008, there had been several tens of billions of
triple-A rated toxic CDOs sold at 22cents on the dollar. And at the end
of 2008, just the four largest too-big-to-fail institutions still had
estimated $5.2T triple-A rated toxic CDOs being carried off-book
Bank's Hidden Junk Menaces $1 Trillion Purge
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akv_p6LBNIdw&refer=home
If they had been forced to bring them back onto their books and correctly value (at 22cents on the dollar), they would be declared insolvent and liquidated.
Since there was so little TARP funds ... that mostly became unrelated to
what was really going on ... which was being left to the Federal Reserve
behind the scenes. Federal Reserve had long legal fight to try and avoid
releasing details ... including lending trillions of dollars at near
zero interest ... as of 2010:
http://www.csmonitor.com/USA/2010/1201/Federal-Reserve-s-astounding-report-We-loaned-banks-trillions
After that release there was item where Bernanke claimed the intention was the too-big-to-fail would use the money to lend to main street; instead they used the trillions to buy US treasuries ... profiting on no-risk guaranteed return to pay bonuses (and help pay back TARP). He mentioned something about not knowing what else he could then do (other than keep up the supply of trillions to the too-big-to-fail). There was some reference that they bought up trillion-some in triple-A rated toxic CDOs at 98cents on the dollar (even tho they had been going for 22cents on the dollar on the open market).
Some of this is stalling while they deal with the trillions being held by large retirement funds and other institutions.
Another aspect being able to do the triple-A rated toxic CDOs
New York Sues 3 Big Banks Over Mortgage Database
http://www.nytimes.com/2012/02/04/business/new-york-suing-3-banks-over-mortgage-database.html
this includes reference to MERS claims: A Victory for the Public on
Foreclosures?
http://www.rollingstone.com/politics/blogs/taibblog/a-big-change-on-the-foreclosure-front-20120128
and then
The Death Of MERS
http://www.veteranstoday.com/2012/02/22/the-death-of-mers/
from above:
MERS is the method the bankers preferred to quickly and illegally to
evict millions of homeowners from their homes. In the process MERS
allowed the Banks to separate the note from the security. This allowed
the securitization and bundling of millions of home loans into tradeable
securities. The only problem is that the MERS process destroyed the
chain of title. Now 50% of the real estate in the USA does not have a
clear title to determine who actually owns the real estate and who owns
the note. The net result is the notes for the home loans are worthless
paper.
... snip ...
and #1 responsible for bubble and economic crisis
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
recent pontification on the issue:
https://www.garlic.com/~lynn/2012.html#1 The war on terabytes
https://www.garlic.com/~lynn/2012.html#5 We are on the brink of a historic decision [referring to defence cuts]
https://www.garlic.com/~lynn/2012.html#18 SEC v. Citigroup, How to Avoid (Greater) Disaster
https://www.garlic.com/~lynn/2012.html#21 Zombie Banks
https://www.garlic.com/~lynn/2012.html#26 What's your favorite quote on "accountability"?
https://www.garlic.com/~lynn/2012.html#32 Wall Street Bonuses May Reach Lowest Level in 3 Years
https://www.garlic.com/~lynn/2012.html#48 Fed's image tarnished by newly released documents
https://www.garlic.com/~lynn/2012.html#70 Regulatory Agency logo
https://www.garlic.com/~lynn/2012b.html#5 The round wheels industry is heading for collapse
https://www.garlic.com/~lynn/2012b.html#13 We are on the brink of a historic decision [referring to defence cuts]
https://www.garlic.com/~lynn/2012b.html#15 The PC industry is heading for collapse
https://www.garlic.com/~lynn/2012b.html#16 Interview of Mr. John Reed regarding banking fixing the game
https://www.garlic.com/~lynn/2012b.html#19 "Buffett Tax" and truth in numbers
https://www.garlic.com/~lynn/2012b.html#38 PC industry is heading for more change
https://www.garlic.com/~lynn/2012b.html#44 What's the most interesting thing you do in your non-work life?
https://www.garlic.com/~lynn/2012b.html#53 Can America Lead the World's Fight Against Corruption?
https://www.garlic.com/~lynn/2012b.html#54 The New Age Bounty Hunger -- Showdown at the SEC Corral
https://www.garlic.com/~lynn/2012b.html#65 Why Wall Street Should Stop Whining
https://www.garlic.com/~lynn/2012b.html#67 How Economists Contributed to the Financial Crisis
https://www.garlic.com/~lynn/2012b.html#75 The Winds of Reform
https://www.garlic.com/~lynn/2012b.html#87 The Benefit and The Burden
https://www.garlic.com/~lynn/2012b.html#90 IBM Doing Some Restructuring?
https://www.garlic.com/~lynn/2012b.html#95 Bank of America Fined $1 Billion for Mortgage Fraud
https://www.garlic.com/~lynn/2012c.html#0 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#2 Occupy the SEC (Securities & Exchange Commission)
https://www.garlic.com/~lynn/2012c.html#4 Bank of America Fined $1 Billion for Mortgage Fraud
https://www.garlic.com/~lynn/2012c.html#5 Too big not to fail
https://www.garlic.com/~lynn/2012c.html#13 Study links ultrafast machine trading with risk of crash
https://www.garlic.com/~lynn/2012c.html#19 Occupy the SEC Pitches An Extreme Makeover of Wall Street
https://www.garlic.com/~lynn/2012c.html#21 Study links ultrafast trading with risk of crash
https://www.garlic.com/~lynn/2012c.html#25 Goldman Sachs P.R. Chief's Accidental Exit Interview
https://www.garlic.com/~lynn/2012c.html#30 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#31 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#32 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#36 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#37 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#38 The Death of MERS
https://www.garlic.com/~lynn/2012c.html#39 Greek knife to Wall Street
https://www.garlic.com/~lynn/2012c.html#44 New Citigroup Looks Too Much Like the Old One
https://www.garlic.com/~lynn/2012c.html#45 Fannie, Freddie Charge Taxpayers For Legal Bills
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: nested LRU schemes Newsgroups: bit.listserv.ibm-main Date: 26 Feb 2012 08:36:09 -0800re:
the default 3880-11 page/record cache scenario was 3081 with 32mbytes of
real storage and 3880-11 controller with 8mbytes of cache. Every record
read through controller cache would initially be in both the cache and
3081 memory. A page that wasn't in the 3081 memory wouldn't be likely to
also be in the 3880-11 cache ... unless the number of pages in 3880-11
memory/cache was significantly larger than the number of pages in 3081
memory. This is a variation on nested caches & related to nested LRU. I
had earlier developed strategy that I called dup/no-dup ("dup" for
duplicate) to address a similar situation with 2305 fixed-head paging
drums. For constrained/contention for paging device ... either maintain
page on disk or in memory (but not both, aka no-duplicate). In the 2305
case, I would de-allocate space on 2305 when page was read to memory
... this incurred the requirement that when page was selected for
replacement, it would always have to be written ... even if it hadn't
been changed ... a similar strategy was later used for "big-pages" (but
for other reasons):
https://www.garlic.com/~lynn/2012c.html#28 5 Byte Device Addresses
So for the 3880-11, it was possible to do a "destructive" read ... it it
wasn't already in cache, the read from disk would be "cache-bypass"
read, while if it was in cache, it would deallocate the cache location
after the read. Then the only pages that would be in the 3880-11 cache
were pages that were written when be selected for replacement in memory
(and since reads didn't take up space in the cache, these pages would
have longer cache lifetime and some chance they would still be in the
cache if it was needed in the future). some past discussion of
dup/no-dup
https://www.garlic.com/~lynn/93.html#13 managing large amounts of vm
https://www.garlic.com/~lynn/2000d.html#13 4341 was "Is a VAX a mainframe?"
https://www.garlic.com/~lynn/2001l.html#55 mainframe question
https://www.garlic.com/~lynn/2002b.html#10 hollow files in unix filesystems?
https://www.garlic.com/~lynn/2002b.html#20 index searching
https://www.garlic.com/~lynn/2002e.html#11 What are some impressive page rates?
https://www.garlic.com/~lynn/2002f.html#20 Blade architectures
https://www.garlic.com/~lynn/2003o.html#62 1teraflops cell processor possible?
https://www.garlic.com/~lynn/2004i.html#1 Hard disk architecture: are outer cylinders still faster than inner cylinders?
https://www.garlic.com/~lynn/2005m.html#28 IBM's mini computers--lack thereof
https://www.garlic.com/~lynn/2006c.html#8 IBM 610 workstation computer
https://www.garlic.com/~lynn/2007c.html#0 old discussion of disk controller chache
https://www.garlic.com/~lynn/2007l.html#61 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2008f.html#19 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
https://www.garlic.com/~lynn/2008k.html#80 How to calculate effective page fault service time?
https://www.garlic.com/~lynn/2010i.html#20 How to analyze a volume's access by dataset
https://www.garlic.com/~lynn/2011.html#68 Speed of Old Hard Disks
https://www.garlic.com/~lynn/2011.html#70 Speed of Old Hard Disks
more drift to global/local and global/partitioned argument (as opposed
to nested) ... past global LRU email
https://www.garlic.com/~lynn/lhwemail.html#globallru
are this past posts mentioning "DMKCOL"
https://www.garlic.com/~lynn/2006y.html#35 The Future of CPUs: What's After Multi-Core?
https://www.garlic.com/~lynn/2007.html#3 The Future of CPUs: What's After Multi-Core?
https://www.garlic.com/~lynn/2010i.html#18 How to analyze a volume's access by dataset
https://www.garlic.com/~lynn/2011.html#70 Speed of Old Hard Disks
https://www.garlic.com/~lynn/2011.html#71 Speed of Old Hard Disks
In the late 70s, we did high-performance, light-weight trace for every record access by system ... either the native vm370 system as well as any guest operating system. This was used with sophistcated i/o cache simulator ... able to simulate arbitrary sized caches that were positioned at the system level, split at the channel level, at the controller level, and/or at the device level (some number of other variations).
One of the findings was that for given amount of electronic storage,
the most thruput was from system level global cache ... supporting
the argument that global LRU outperformed a partitioned local
LRU ... previously mentioned in this reference
https://www.garlic.com/~lynn/2012c.html#17 5 Byte Device Address
and
https://www.garlic.com/~lynn/2006w.html#46
The caveat was pathelogical behavior that polluted cache with non-reused information ... like large sequential read. Partitioned caches would isolate sequential read to specific cache and not also destroy all the entries in other caches. Another scenario is to recognize behavior like sequential read and treat those records differently.
The example from the 3880-13 full-track "cache" ... and the 90% "hit rate" for sequential read ... the same level of throughput would be achieved by a hardware track buffer (much less electronic storage needed) ... and/or software full-track buffering.
Part of the scenario across the ages ... with regarding to global system-level cache being the most efficient ... from cache hit rate stand-point ... would be things like hardware limitations on maximum amount of attached electronic storage ... or software that didn't scale well for larger amounts of storage.
The hardware limitation scenario shows up in the 3090 expanded storage ... even tho both standard processor memory and expanded storage used essentially the same memory technology. Later mainframe generations had all memory technology used the access ... but LPAR configuration provided option of simulated 3090 expanded storage using standard memory ... because of various software limitations.
misc. past posts discussing 3090 expanded storage continued
to live as LPAR configuration simulation option:
https://www.garlic.com/~lynn/2006c.html#1 Multiple address spaces
https://www.garlic.com/~lynn/2006l.html#43 One or two CPUs - the pros & cons
https://www.garlic.com/~lynn/2008.html#49 IBM LCS
https://www.garlic.com/~lynn/2009d.html#29 Thanks for the SEL32 Reminder, Al!
https://www.garlic.com/~lynn/2010n.html#39 Central vs. expanded storage
https://www.garlic.com/~lynn/2011f.html#69 how to get a command result without writing it to a file
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: PC industry is heading for more change Newsgroups: alt.folklore.computers Date: Sun, 26 Feb 2012 12:34:45 -0500Andrew Swallow <am.swallow@btinternet.com> writes:
item from 2003 predicting that (mostly unlicensed) loan originators
being able securitize and unload (no longer needing to care about loan
quality or borrower's qualifications) ... was going to end badly:
http://www.forbes.com/finance/global/2008/1124/042.htm
from above:
Watsa's only sin was in being a little too early with his prediction
that the era of credit expansion would end badly. This is what he said
in Fairfax's 2003 annual report: "It seems to us that securitization
eliminates the incentive for the originator of [a] loan to be credit
sensitive. Prior to securitization, the dealer would be very concerned
about who was given credit to buy an automobile. With securitization,
the dealer (almost) does not care. -- And here's the rub! These
asset-backed bonds are rated based on their historical loss experience
record which will likely be very different in the future--particularly
if we experience difficult economic times."
... snip ...
the actual rating of triple-A for the toxic CDOs wasn't even based on historical loss experience ... was being based on the sellers paying the rating agencies specifically for triple-A (from congressional hearings into the rating agencies ... even when both the sellers and the rating agencies knew they weren't worth triple-A).
recent long-winded google+ discussions on the subject ... also archived
here:
https://www.garlic.com/~lynn/2012c.html#4 Bank of America Fined $1 Billion for Mortgage Fraud
https://www.garlic.com/~lynn/2012c.html#5 Too big not to fail
https://www.garlic.com/~lynn/2012c.html#21 Study links ultrafast trading with risk of crash
https://www.garlic.com/~lynn/2012c.html#25 Goldman Sachs P.R. Chief's Accidental Exit Interview
https://www.garlic.com/~lynn/2012c.html#30 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#31 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#32 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#35 Masters in strategy ... seeking advice
https://www.garlic.com/~lynn/2012c.html#36 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#37 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#38 The Death of MERS
https://www.garlic.com/~lynn/2012c.html#39 Greek knife to Wall Street
https://www.garlic.com/~lynn/2012c.html#44 New Citigroup Looks Too Much Like the Old One
https://www.garlic.com/~lynn/2012c.html#45 Fannie, Freddie Charge Taxpayers For Legal Bills
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: PC industry is heading for more change Newsgroups: alt.folklore.computers Date: Sun, 26 Feb 2012 15:59:38 -0500Peter Flass <Peter_Flass@Yahoo.com> writes:
in some cases there may be ambiquity over whether the banks are actually the mortgage "owners" and doing the forclosure ... or are they just servicing the mortgage and the real "owners" are the institutions that own the triple-A rated toxic CDOs. In the later case, they may not be getting a fee from the "real" owners for maintaining the value of the property ... and so they may have no interest or motivation. This is analogous for the loan originators having no interest or motivation as to borrower qualifications or loan quality when they originated the loan ... since they could immediately sell everything off as triple-A rated toxic CDO.
this also gets into any "Death of MERS" mentioned here
https://www.garlic.com/~lynn/2012c.html#38 The Death of MERS
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 26 Feb, 2012 Subject: They're Trying to Block Military Cuts Blog: Facebookfrom somebody else's post
They're Trying to Block Military Cuts
http://act.rootsaction.org/p/dia/action/public/?action_KEY=5343
my comment
The benefit and the burden
https://www.amazon.com/Benefit-Burden-ebook/dp/B005LJEVDM
has chapter looking at CBO's analysis of the last decade compared to the Clinton "baseline". Basically the "baseline" surplus had all federal debt retired by 2010. However, last decade CBO analysis has revenues $6T less than the baseline coupled with spending $6T more than baseline ... for aggregate negative hit to budget of $12T for the decade (compared to Clinton budget "baseline", $6T lower revenue, $6T increased spending).
Comptroller general during much of the last decade had lot to say
about nobody in Congress being able to do middle school arithmetic
(related to their inability to do balance budget) ... especially after
the fiscal responsibility act expired the end of 2002 and Congress
really ramped up spending in 2003 ... other recent reference:
https://www.garlic.com/~lynn/2012.html#6 We are on the brink of a historic decision [referring to defence cuts]
This has analysis that just DOD got $2.1T of the additional $6T
spending above the baseline ... $1.1T going to war on terror and
apparently $1T disappearing into MICC.
http://www.cdi.org/program/document.cfm?documentid=4623
note cdi.org has moved to
http://www.pogo.org/straus/
... missing $1T is now
http://www.pogo.org/straus/issues/defense-budget/2010/what-did-the-rumsfeld-gates-pentagon-do-with-1-trillion.html
recent posts mentioning DOD $2.1T
https://www.garlic.com/~lynn/2011d.html#83 End of an era
https://www.garlic.com/~lynn/2011f.html#28 US military spending has increased 81% since 2001
https://www.garlic.com/~lynn/2011i.html#30 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#32 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#67 U.S. can't account for $8.7 billion of Iraq's money: audit
https://www.garlic.com/~lynn/2011i.html#70 Pentagon Struggles To Keep Ships Sailing, Planes Flying As Budget Cuts Loom
https://www.garlic.com/~lynn/2011j.html#11 Innovation and iconoclasm
https://www.garlic.com/~lynn/2011j.html#18 Congressional Bickering
https://www.garlic.com/~lynn/2011k.html#42 Senator urges DoD: Do better job defending F-35
https://www.garlic.com/~lynn/2011k.html#49 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011k.html#88 Justifying application of Boyd to a project manager
https://www.garlic.com/~lynn/2011l.html#34 Scotland, was Re: Solving the Floating-Point Goldilocks Problem!
https://www.garlic.com/~lynn/2011l.html#62 The true cost of 9/11: Trillions and trillions wasted on wars, a fiscal catastrophe, and a weaker America
https://www.garlic.com/~lynn/2011n.html#8 Goodbye, OODA-Loop
https://www.garlic.com/~lynn/2011p.html#34 21st Century Management approach?
https://www.garlic.com/~lynn/2011p.html#135 Estimate that WW1 cost $52B
https://www.garlic.com/~lynn/2011p.html#142 We are on the brink of a historic decision [referring to defence cuts]
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 26 Feb, 2012 Subject: How would you succinctly desribe maneuver warfare? Blog: Boyd Strategyre:
Huns&cavalry ... opposite of Last Man Standing loc. 42-46:
https://www.amazon.com/Last-Man-Standing-September-ebook/dp/B004GJVXEI
Peleliu was a battle that should not have happened. Initially planned
to support MacArthur's return to the Philippines, the bloody assault
on this small seven-square-mile coral island was declared to be
unnecessary by Adm. William F. "Bull" Halsey, Jr., after his fast
carrier strike force found the Philippines ripe for the picking. He
recommended canceling the operation but was overruled by Fleet
Adm. Chester Nimitz -- a controversial decision that signed the death
warrant for thousands of Americans and Japanese.
... snip ...
I've pontificated in the past it was influenced by Boyd's fighter
pilot experience and translating aerial dog-fights to ground. Shows up
in comments about Boyd's battle plan for desert storm as alternative
to schwarzkopf's up the middle, tank slug-fest (until last tank
standing). Rather than the strongholds go for the vulnerabilities. one
could also claim natural extension to asymmetric warfare
maneuver warfare tends to presume mobile and adaptable ... overlap
with this recent blog ... including comments
http://zenpundit.com/?p=5484
my comments
In Boyd's Organic Design For Command And Control -- he would
highlight Guderian's 'verbal orders only' during the blitzkrieg and
contrast that with the us army's rigid, top-down, command&control
structure. The verbal orders only supposedly was to give the person
on the spot the greatest latitude in decision making w/o having to
worry about CYA and after-action retribution. Boyd would also mention
that in ww2, german army was 3% officers while the us army was 11%
officers growing to 20+%.
Part of Boyd's explanation was at entry to ww2, us army was faced was
deploying an enormous number of people with little or no experience
and so used the rigid, top-down, command&control structure to leverage
the little available experience -- however, the structure then became
institutionalized. In the 80s, he would point out that this was even
starting to have severe downside on US corporate culture as the young
soldiers from ww2 started to climb the corporate later and emulating
organization that they had been taught.
Rigid, top-down, command&control structure, assumption that only those
at the very top had the skill and knew what they were doing -- then
contributes to large growing bureaucracy. Assumptions about only those
at the very top know what they are doing, contributxses to the
growing "TO BE" culture -- and Boyd's To Be Or To Do choice. Leaking
of the culture and contaminating corporations and helps contribute to
MICC.
Boyd would say that they spent 18 months laying the ground work and
preparing for this article (gone behind paywall but lives free at
wayback machine, 7Mar1983)
https://web.archive.org/web/20070320170523/http://www.time.com/time/magazine/article/0,9171,953733,00.html
also
https://content.time.com/time/magazine/article/0,9171,953733,00.html
recent posts mentioning above:
https://www.garlic.com/~lynn/2003k.html#31 Where the Good Jobs are Going
https://www.garlic.com/~lynn/2007o.html#20 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007p.html#22 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2008.html#0 It keeps getting uglier
https://www.garlic.com/~lynn/2011i.html#34 PDCA vs. OODA
https://www.garlic.com/~lynn/2011i.html#35 Having left IBM, seem to be reminded that IBM is not the same IBM I had joined
https://www.garlic.com/~lynn/2012b.html#75 The Winds of Reform
https://www.garlic.com/~lynn/2012b.html#93 Original Thinking Is Hard, Where Good Ideas Come From
Boyd posts and URLs
https://www.garlic.com/~lynn/subboyd.html
my wife's father was command of 53rd armored engineering from 14aug42
until 7jun44
http://www.8th-armored.org/books/leach/tw02.htm
... from URL:(exercise in the US):
Problem three began on 21 December 1943 with the 53rd Armored
Engineering Battalion being used primarily to insure Division
mobility. The efforts of the entire Battalion went toward building
bypasses, breaching minefields, and constructing bridges. As the
problem continued and the enemy forced the Division to retreat from
newly won ground and take up a delaying action the engineers put down
minefields, blew up bridges, and built obstacles to slow the enemy
advance.
... snip ...
He was then given command 1154th engineering group. Engineering groups
were highly fluid operations ... typically 3-6 battalions ... being
added/removed as needed and frequently out in front ... preparing way
for armor. I've found/scanned his ETO status reports at National
Archives .. small sample:
On 28 Apr we were put in D/S of the 13th Armd and 80th Inf Divs and
G/S Corps Opns. The night of the 28-29 April we cross the DANUBE River
and the next day we set-up our OP in SCHLOSS PUCHHOF (vic PUCHOFF); an
extensive structure remarkable for the depth of its carpets, the
height of its rooms, the profusion of its game, the superiority of its
plumbing and the fact that it had been owned by the original financial
backer of the NAZIS, Fritz Thyssen. Herr Thyssen was not at home.
Forward from the DANUBE the enemy had been very active, and an intact
bridge was never seen except by air reconnaissance. Maintenance of
roads and bypasses went on and 29 April we began constructing 835' of
M-2 Tdwy Br, plus a plank road approach over the ISAR River at
PLATTLING. Construction was completed at 1900 on the 30th. For the
month of April we had suffered no casualties of any kind and Die
Gotterdamerung was falling, the last days of the once mighty
WEHRMACHT.
... snip ...
after end of hostilities ... he was assigned as adviser to Generalissimo and was able to take his family with him to Nanking (MAGIC .. military advisery group in china).
misc. past posts mention 1154th
https://www.garlic.com/~lynn/2010o.html#66 They always think we don't understand
https://www.garlic.com/~lynn/2010p.html#10 OODA in highly stochastic environments
https://www.garlic.com/~lynn/2011l.html#52 An elusive command philosophy and a different command culture
https://www.garlic.com/~lynn/2012.html#25 You may ask yourself, well, how did I get here?
and misc past posts mentioning verbal orders only:
https://www.garlic.com/~lynn/99.html#120 atomic History
https://www.garlic.com/~lynn/2001.html#29 Review of Steve McConnell's AFTER THE GOLD RUSH
https://www.garlic.com/~lynn/2001m.html#16 mainframe question
https://www.garlic.com/~lynn/2002d.html#36 Mainframers: Take back the light (spotlight, that is)
https://www.garlic.com/~lynn/2002d.html#38 Mainframers: Take back the light (spotlight, that is)
https://www.garlic.com/~lynn/2002q.html#33 Star Trek: TNG reference
https://www.garlic.com/~lynn/2003h.html#51 employee motivation & executive compensation
https://www.garlic.com/~lynn/2003p.html#27 The BASIC Variations
https://www.garlic.com/~lynn/2004k.html#24 Timeless Classics of Software Engineering
https://www.garlic.com/~lynn/2004q.html#86 Organizations with two or more Managers
https://www.garlic.com/~lynn/2006f.html#14 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#9 The Pankian Metaphor
https://www.garlic.com/~lynn/2006l.html#17 virtual memory
https://www.garlic.com/~lynn/2006q.html#41 was change headers: The Fate of VM - was: Re: Baby MVS???
https://www.garlic.com/~lynn/2007b.html#37 Special characters in passwords was Re: RACF - Password rules
https://www.garlic.com/~lynn/2007b.html#52 Special characters in passwords was Re: RACF - Password rules
https://www.garlic.com/~lynn/2007c.html#25 Special characters in passwords was Re: RACF - Password rules
https://www.garlic.com/~lynn/2008g.html#34 WWII supplies
https://www.garlic.com/~lynn/2008h.html#8a Using Military Philosophy to Drive High Value Sales
https://www.garlic.com/~lynn/2008h.html#61 Up, Up, ... and Gone?
https://www.garlic.com/~lynn/2008h.html#63 how can a hierarchical mindset really ficilitate inclusive and empowered organization
https://www.garlic.com/~lynn/2008o.html#69 Blinkenlights
https://www.garlic.com/~lynn/2009e.html#73 Most 'leaders' do not 'lead' and the majority of 'managers' do not 'manage'. Why is this?
https://www.garlic.com/~lynn/2009j.html#34 Mission Control & Air Cooperation
https://www.garlic.com/~lynn/2010e.html#43 Boyd's Briefings
https://www.garlic.com/~lynn/2010i.html#68 Favourite computer history books?
https://www.garlic.com/~lynn/2011j.html#7 Innovation and iconoclasm
https://www.garlic.com/~lynn/2011k.html#3 Preparing for Boyd II
https://www.garlic.com/~lynn/2011l.html#52 An elusive command philosophy and a different command culture
https://www.garlic.com/~lynn/2012.html#45 You may ask yourself, well, how did I get here?
https://www.garlic.com/~lynn/2012b.html#26 Strategy subsumes culture
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: PC industry is heading for more change Newsgroups: alt.folklore.computers Date: Mon, 27 Feb 2012 10:35:22 -0500Ahem A Rivet's Shot <steveo@eircom.net> writes:
The benefit and the burden
https://www.amazon.com/Benefit-Burden-ebook/dp/B005LJEVDM
has chapter looking at CBO's analysis of the last decade compared to the Clinton "baseline". Basically the "baseline" surplus had all federal debt retired by 2010. However, last decade CBO analysis has revenues $6T less than the baseline coupled with spending $6T more than baseline ... for aggregate negative hit to budget of $12T for the decade (compared to Clinton budget "baseline", $6T lower revenue, $6T increased spending).
but it also has lots of discussions about various other tax changes including pros & cons of eliminating mortgage deduction.
however, mortgage deduction is large part for owner/occupied.
an enormous part of the bubble was loan originators that packaged and unloaded the mortgages as triple-A rated toxic CDOs. that enabled them to move off their books every mortgage they wrote ... so traditional measures/controls weren't applicable. traditional source of funds for mortgages were depository institutions that relied on deposits and there were lots of safety&soundness controls over the operations related to how deposits were used. However, unloading as triple-A toxic CDOs ... bypassed use of deposits and therefor the safety&soundness controls. The triple-A rating also opened up a huge new, unregulated source of funds because of the triple-A rating ... the institutions (like large retirement funds) that were restricted to only investing in triple-A rated instruments.
the other part was immediate unloading (& guaranteed triple-A rating) eliminating any motivation by the loan originators to care about borrowers' qualifications or loan quality. No-documentation eliminated a lot of paperwork delay and accelerated the rate that they could write & unload the mortgages (loan originators revenue became solely tied to how big the mortgages and how fast they could turn them around ... also contributing to not taking any professional care in the mortgages).
No-down, no-documentation, interest only payment ARMs, open things up to speculators (served similar function to BROKERS' LOANS fueling the 1929 crash). As long as the carrying costs were less than the inflation rate, speculators had prospect of enormous ROI. 1% interest only payment ARM with real-estate inflation of 20-30% ... means that speculators make 2000%-3000% ROI. With such return, and interest payment carrying cost such a small number ... whether or not there was mortgage payment tax deducation becomes insignificatn factor.
Because of the use of triple-A rated toxic CDOs, loan originators could write nearly unlimited number of such mortgages outside the traditional safety&soundness controls that had been related to use of deposits for mortgages.
Interesting side-note is with repeal of Glass-Steagall ... large depository institutions could have unregulated investment bank arms that could also buy triple-A rated toxic CDOs and carry then off-balance ... outside normal safety&soundness controls (four largest too-big-to-fail were estimated to be carrying $5.2T in triple-A rated off-balance at the end of 2008).
Changing the mortgage market to triple-A rated toxic CDOs, was major dislocation ... major players came in motivated by the fees&commissions on the transactions ... and helping drive as many transactions as possible (w/o out any concern for long-term risk). Even when the institution was a too-big-to-fail ... that had a regulated depository component ... the compensation for the transaction-motivated players was so large that it would offset any concern that they might have for the long-term risk to the institution (and whether or not it might take down the institution, the economy and/or the country).
topic drift ... jan2009, I was asked to HTML'ize the Pecora hearings
(30s senate investigation into the 1929 crash) with extensive internal
href/x-links and lots of href/links between what happened this time and
what happened then (some anticipation that new congress had appetite to
do something). Later that spring, I got a call that it wasn't needed
after all. misc. recent posts to Pecora hearings:
https://www.garlic.com/~lynn/2009b.html#58 OCR scans of old documents
https://www.garlic.com/~lynn/2009b.html#59 As bonuses...why breed greed, when others are in dire need?
https://www.garlic.com/~lynn/2009d.html#62 Is Wall Street World's Largest Ponzi Scheme where Madoff is Just a Poster Child?
https://www.garlic.com/~lynn/2009d.html#73 Should Glass-Steagall be reinstated?
https://www.garlic.com/~lynn/2009d.html#77 Who first mentioned Credit Crunch?
https://www.garlic.com/~lynn/2009e.html#8 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009e.html#23 Should FDIC or the Federal Reserve Bank have the authority to shut down and take over non-bank financial institutions like AIG?
https://www.garlic.com/~lynn/2009e.html#40 Architectural Diversity
https://www.garlic.com/~lynn/2009f.html#56 What's your personal confidence level concerning financial market recovery?
https://www.garlic.com/~lynn/2009f.html#65 Just posted third article about toxic assets in a series on the current financial crisis
https://www.garlic.com/~lynn/2009g.html#5 Do the current Banking Results in the US hide a grim truth?
https://www.garlic.com/~lynn/2009g.html#33 Treating the Web As an Archive
https://www.garlic.com/~lynn/2009h.html#22 China's yuan 'set to usurp US dollar' as world's reserve currency
https://www.garlic.com/~lynn/2009h.html#25 The Paradox of Economic Recovery
https://www.garlic.com/~lynn/2009h.html#29 Analysing risk, especially credit risk in Banks, which was a major reason for the current crisis
https://www.garlic.com/~lynn/2009i.html#40 64 Cores -- IBM is showing a prototype already
https://www.garlic.com/~lynn/2009i.html#57 In the USA "financial regulator seeks power to curb excess speculation."
https://www.garlic.com/~lynn/2009j.html#35 what is mortgage-backed securities?
https://www.garlic.com/~lynn/2009o.html#23 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009p.html#2 Opinions on the 'Unix Haters' Handbook
https://www.garlic.com/~lynn/2009p.html#20 U.K. lags in information security management practices
https://www.garlic.com/~lynn/2009p.html#25 Opinions on the 'Unix Haters' Handbook
https://www.garlic.com/~lynn/2009r.html#53 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2009r.html#73 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2010b.html#6 Bookshelves under BookMangler
https://www.garlic.com/~lynn/2010f.html#54 The 2010 Census
https://www.garlic.com/~lynn/2010h.html#28 Our Pecora Moment
https://www.garlic.com/~lynn/2010h.html#52 Our Pecora Moment
https://www.garlic.com/~lynn/2010h.html#68 Our Pecora Moment
https://www.garlic.com/~lynn/2010h.html#73 Our Pecora Moment
https://www.garlic.com/~lynn/2010l.html#38 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010m.html#8 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010o.html#59 They always think we don't understand
https://www.garlic.com/~lynn/2010p.html#7 What banking is. (Essential for predicting the end of finance as we know it.)
https://www.garlic.com/~lynn/2010p.html#16 Rare Apple I computer sells for $216,000 in London
https://www.garlic.com/~lynn/2010p.html#59 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2010q.html#16 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2010q.html#53 Programmer Charged with thieft (maybe off topic)
https://www.garlic.com/~lynn/2011.html#49 What do you think about fraud prevention in the governments?
https://www.garlic.com/~lynn/2011.html#84 The Imaginot Line
https://www.garlic.com/~lynn/2011b.html#42 Productivity And Bubbles
https://www.garlic.com/~lynn/2011b.html#43 Productivity And Bubbles
https://www.garlic.com/~lynn/2011b.html#45 Productivity And Bubbles
https://www.garlic.com/~lynn/2011b.html#53 Productivity And Bubbles
https://www.garlic.com/~lynn/2011d.html#27 The first personal computer (PC)
https://www.garlic.com/~lynn/2011e.html#36 On Protectionism
https://www.garlic.com/~lynn/2011h.html#6 Home prices may drop another 25%, Shiller predicts
https://www.garlic.com/~lynn/2011h.html#24 US Housing Crisis Is Now Worse Than Great Depression
https://www.garlic.com/~lynn/2011i.html#18 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#42 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#45 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011k.html#20 Study shows powerful corporations really do control the world's finances
https://www.garlic.com/~lynn/2011m.html#68 Bernanke Hearings
https://www.garlic.com/~lynn/2011n.html#41 The men who crashed the world
https://www.garlic.com/~lynn/2011n.html#48 The men who crashed the world
https://www.garlic.com/~lynn/2011n.html#52 The men who crashed the world
https://www.garlic.com/~lynn/2011n.html#82 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#4 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#26 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#36 Civilization, doomed?
https://www.garlic.com/~lynn/2011o.html#68 Building a Better America-One Wealth Quintile at a Time
https://www.garlic.com/~lynn/2011o.html#80 How Pursuit of Profits Kills Innovation and the U.S. Economy
https://www.garlic.com/~lynn/2011p.html#88 Fed Report Finds Speculators Played Big Role in Housing Collapse
https://www.garlic.com/~lynn/2011p.html#93 World faces 1930-type Depression
https://www.garlic.com/~lynn/2011p.html#146 IBM Manuals
https://www.garlic.com/~lynn/2012b.html#5 The round wheels industry is heading for collapse
https://www.garlic.com/~lynn/2012b.html#56 What's the most interesting thing you do in your non-work life?
https://www.garlic.com/~lynn/2012c.html#37 US real-estate has lost $7T in value
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: PC industry is heading for more change Newsgroups: alt.folklore.computers Date: Mon, 27 Feb 2012 10:43:11 -0500Anne & Lynn Wheeler <lynn@garlic.com> writes:
for other topic drift ...
Comptroller general during much of the last decade had lot to say about
nobody in Congress being able to do middle school arithmetic (related to
their inability to do balance budget) ... especially after the fiscal
responsibility act expired the end of 2002 and Congress really ramped up
spending in 2003 ... other recent reference:
https://www.garlic.com/~lynn/2012.html#6
This has analysis that just DOD got $2.1T of the additional $6T spending
above the baseline ... $1.1T going to war on terror and apparently $1T
disappearing into MICC.
http://www.cdi.org/program/document.cfm?documentid=4623
note cdi.org has moved to
http://www.pogo.org/straus/
... missing $1T is now
http://www.pogo.org/straus/issues/defense-budget/2010/what-did-the-rumsfeld-gates-pentagon-do-with-1-trillion.html
earlier post from end of last year that with a lot more references to
ins&outs of the military budget problems:
https://www.garlic.com/~lynn/2011p.html#142
misc. past posts mentioning fiscal responsibility act:
https://www.garlic.com/~lynn/2010o.html#59 They always think we don't understand
https://www.garlic.com/~lynn/2010o.html#66 They always think we don't understand
https://www.garlic.com/~lynn/2010o.html#75 origin of 'fields'?
https://www.garlic.com/~lynn/2011g.html#72 77,000 federal workers paid more than governors
https://www.garlic.com/~lynn/2011i.html#15 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#22 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#23 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#29 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#33 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#38 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011j.html#18 Congressional Bickering
https://www.garlic.com/~lynn/2011l.html#8 The True Cost of 9/11 -- Includes 18 Veteran Suicides a Day
https://www.garlic.com/~lynn/2011l.html#59 computer bootlaces
https://www.garlic.com/~lynn/2011m.html#68 Bernanke Hearings
https://www.garlic.com/~lynn/2011n.html#57 The Mortgage Crisis---Some Inside Views
https://www.garlic.com/~lynn/2011n.html#67 The debt fallout: How Social Security went "cash negative" earlier than expected
https://www.garlic.com/~lynn/2011o.html#42 Speed: Re: Soups
https://www.garlic.com/~lynn/2011p.html#136 Gingrich urged yes vote on controversial Medicare bill
https://www.garlic.com/~lynn/2012c.html#50 They're Trying to Block Military Cuts
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: PC industry is heading for more change Newsgroups: alt.folklore.computers Date: Mon, 27 Feb 2012 15:35:33 -0500Morten Reistad <first@last.name> writes:
the triple-A rated toxic CDOs weren't just going to unregulated arms of
regulated depository institutions and being carried off-book (courtesy
of GLBA and repeal Glass-Steagall) ... but to everybody doing wallstreet
investments ... like large retirements funds (with their own large
source of funds). Estimate that $27T was done during the bubble.
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
although the four largest too-big-to-fail depository institutions were still holding $5.2T (of the $27T) at the end of 2008 ... off-book (courtesy of their unregulated investment banking arms and repeal of Glass-Steagall)
folklore was that Clinton was prepared to veto GLBA ... the act
initially passing the senate along party lines. However, before sending
to the president it was revised and finally passed 90-8-2 making it
"veto" proof ... any veto would have then been purely symbolic gesture.
https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act
If Glass-Steagall hadn't been repealed ... it would have eliminated too-big-to-fail and depository institution exposure to much of the problem ... but still has all the other institutions that were investing in triple-A rated toxic CDOs.
one of the things that happened was investors coming to realize that the rating agencies were selling triple-A ratings for things that the agencies knew weren't worth triple-A ratings. Lots of investment decisions were tied to risk related ratings and the loss of trust in that whole infrastructure froze lots of investment activities (and not knowing whether any rating agencies could be trusted).
This showed up the in the muni-bond market where all activity just simply stopped (since nobody had any idea whether they could trust ratings or not; unintended consequences of devalue/loss-of trust). Eventually, Buffett steps into the gap and started offering muni-bond insurance which starts to unfreeze the market.
The transition of the mortgage market to securitization transaction-driven motivation (lots of players getting enormous fees&commissions) shows up as investment bank players with triple-A toxic CDOs ... exchanging equivalent amounts that were booked as "sales" ... and therefor earning fees&commissions (has some flavor of stock portfolio churn).
Part of the problem was that during the last decade there was not only was extensive repeal of regulations, but pervasive lack of regulation enforcement (that were on the books) ... by all the federal institutions.
This shows up in the congressional Madoff hearings and the person that had tried unsuccessfully for a decade to get SEC to do anything about Madoff.
It shows up with SEC effectivelly allowing Enron&Worldcom ... and
although congress passed Sarbanes-Oxley ... which should have
significantly tightened up things ... nothing seemed to have changed.
Even GAO appeared to not think SEC was doing anything and started
doing reports on fraudulent public company financial filings ...
that shows uptic even after SOX:
https://www.gao.gov/products/gao-06-1079sp
recently seen on the web: Enron was a dry run and it worked so well it has become institutionalized
claimed motivation for the fraudulent financial filings were that it
boosted executive compensation ... and even if the filings were later
corrected ... there wasn't corresponding adjustment in executive
compensation. This comes up in recent news about Fannie/Freddie playing
the game ... but they appear to just two out of hundreds ... recent post
https://www.garlic.com/~lynn/2012c.html#45 Fannie, Freddie Charge Taxpayers For Legal Bills
SOX also required something from SEC about the rating agencies ... but
nothing appeared to have been done except for this report:
http://www.sec.gov/news/studies/credratingreport0103.pdf
it isn't clear whether congress passing Sarbanes-Oxley knew it wasn't actually going to change anything. There have been recent claims that is what happened with Dodd-Frank (written in such a way that nearly all responsibility is transferred to regulatory discretion dominated by the institutions that they are responsible for regulating).
Here is discussion of ploys
https://www.garlic.com/~lynn/2012c.html#39 Greek knife to Wall Street
references:
Regulatory Capture: Federal Reserve Edition
http://www.cnbc.com/id/46497947
Banks Lobbied to Widen Volcker Rule Before Inciting Foreigners Against
Law
http://www.bloomberg.com/news/2012-02-23/banks-lobbied-to-widen-volcker-rule-before-inciting-foreigners-against-law.html
other recent posts
https://www.garlic.com/~lynn/2012.html#30 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
https://www.garlic.com/~lynn/2012.html#32 Wall Street Bonuses May Reach Lowest Level in 3 Years
https://www.garlic.com/~lynn/2012b.html#16 Interview of Mr. John Reed regarding banking fixing the game
https://www.garlic.com/~lynn/2012b.html#19 "Buffett Tax" and truth in numbers
https://www.garlic.com/~lynn/2012b.html#54 The New Age Bounty Hunger -- Showdown at the SEC Corral
https://www.garlic.com/~lynn/2012b.html#65 Why Wall Street Should Stop Whining
https://www.garlic.com/~lynn/2012c.html#2 Occupy the SEC (Securities & Exchange Commission)
https://www.garlic.com/~lynn/2012c.html#5 Too big not to fail
https://www.garlic.com/~lynn/2012c.html#19 Occupy the SEC Pitches An Extreme Makeover of Wall Street
https://www.garlic.com/~lynn/2012c.html#32 US real-estate has lost $7T in value
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: PC industry is heading for more change Newsgroups: alt.folklore.computers Date: Mon, 27 Feb 2012 18:57:50 -0500Morten Reistad <first@last.name> writes:
tarp originally was to buy toxic assets ... apparently before they realized
that there were $27T and just the four too-big-to-fail were carrying
$5.2T ... for awhile in Jan2009 they talked about valuing the toxic
assets for purchase ... and then it turned into other ways of using the
appropriate funds (since there wasn't enough appropriated to dent the
problem).
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
leaving the heavy lifting to Federal Reserve ... which fought long&hard
to not have to divulge information
http://www.csmonitor.com/USA/2010/1201/Federal-Reserve-s-astounding-report-We-loaned-banks-trillions
lending at near zero rate as well as buying up large amounts of toxic
assets at nearly face value. There were reference to it was done to
provide the too-big-to-fail with money to lend to mainstreet. Instead
the too-big-to-fail bought US treasuries and have safe, guaranteed
profit ... pay executive bonuses and interest on TARP. Bernanke claimed he
didn't know how to force the institutions to actually use the money to
lend to mainstreet ... and also apparently didn't know how to stop the
flow of trillions to the too-big-to-fail.
https://www.amazon.com/13-Bankers-Takeover-Financial-ebook/dp/B0036S4EIW
there were some observation that federal reserve could (instead) buy US
treasuries directly and not require any interest to be paid
... eliminating big argument against US debt (and eliminating federal
reserve effectively subsidizing too-big-to-fail executive bonuses
... which I guess would be contrary to the article about how the
too-big-to-fail have "captured" the federal reserve).
http://www.cnbc.com/id/46497947
past posts mentioning tarp wiki
https://www.garlic.com/~lynn/2010c.html#23 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010n.html#32 Idiotic programming style edicts
https://www.garlic.com/~lynn/2011l.html#73 computer bootlaces
https://www.garlic.com/~lynn/2011m.html#2 computer bootlaces
https://www.garlic.com/~lynn/2011o.html#37 Civilization, doomed?
https://www.garlic.com/~lynn/2012c.html#32 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#45 Fannie, Freddie Charge Taxpayers For Legal Bills
https://www.garlic.com/~lynn/2012c.html#46 PC industry is heading for more change
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From: lynn@garlic.com (Lynn Wheeler) Date: 28 Feb, 2012 Subject: Update on the F35 Debate Blog: FacebookUpdate on the F35 Debate
references:
Boyd, the F-22, and the Heritage Foundation
http://www.bernardfinel.com/?p=1849
Descent Into Ignominy: The Heritage Foundation Then and Now
http://www.huffingtonpost.com/winslow-t-wheeler/descent-into-ignominy-the_b_1194507.html
I don't know about F22, I strongly suspected he was involved in F20 ... recent post made in responses to another item: Boyd had slightly similar scenario (to subs) for much simpler & cheaper fighter (compared to F16) ... more planes per purchase dollar and more flying hr ratio at lower cost because simpler ... possibly ten times aggregate flying hrs per aggregate life-time dollar cost (compared to F16). MICC precluded US customer but thot there were large number of overseas customers. His story was almost directly matched up to F20/tigershark story that went after overseas customers. However, MICC had an ace up their sleeves ... foreign aid "earmarks" which could only be used for F16 (lots of press about US budget earmarks ... but little press about similar earmarks in foreign aid) ... aka cost of F16s essentially became free to the foreign countries (that were F20 candidates)
... and for other topic drift to:
China's 5th generation stealth fighter performing combat maneuver
tests over Chengdu
http://theaviationist.com/2012/02/28/chinas-5th-generation-stealth-fighter-performing-combat-maneuver-tests-over-chengdu/
from above:
On the contrary, I'm among those who think that the real problem for
the U.S. with the J-20 is not with the aircraft's performances, top
speed, equipment and capabilities (even if the US legacy fighters were
designed 20 years earlier than current Chinese or Russian fighters of
the same "class"); the problem is that China will probably build
thousands of them.
... snip ...
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From: lynn@garlic.com (Lynn Wheeler) Date: 28 Feb, 2012 Subject: Pentagon to Withold Lockheed F-35 Payments Over Tracking Blog: FacebookPentagon to Withold Lockheed F-35 Payments Over Tracking
what if money was withheld from DOD until DOD could pass a GAO financial audit?
Sen. Grassley presses Panetta on 'egregious waste and misconduct' at
DoD dug up in Inspector General reports.
http://bit.ly/xZsHKR
Budget Gap:
http://battleland.blogs.time.com/2012/02/28/budget-gap/
One soldier, one year: $850,000 and rising
http://security.blogs.cnn.com/2012/02/28/one-soldier-one-year-850000-and-rising/
from above:
But one thing is clear, the cost is rising. Hale said the Department
of Defense figure was until recently $600,000 a year. And Harrison
said the Center for Strategic and Budgetary Assessments' estimate for
2012 is up to $1.4 million
... snip ...
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Memory versus processor speed Newsgroups: alt.folklore.computers Date: Wed, 29 Feb 2012 10:22:31 -0500kenney writes:
before delivery, core memory was upgraded to 750nsecs and the model numbers change to 360/65 & 360/75.
360 functional characteristics
http://www.bitsavers.org/pdf/ibm/360/functional_characteristics/
give individual instruction timing numbers.
for 360/65 & 360/75 ... it includes assumption about 8byte instruction fetch prorated for instruction. 2byte instruction it assumes 1/4th of the 750nsec 8byte fetch for instruction, 4byte instruction assumes 1/2, 6byte instruction assumes 3/4th.
360/67 was a 360/65 with addition of hardware support for virtual memory. 360/67 would run like a 360/65 when running in "real" mode. when running in address translation mode, every storage access (fetch/store) had an extra 150ns added for the virtual address translation operation.
360/91 & 360/195 were high-end "fast" processors
360/85 was first with cache.
there has been some observations that processors&caches have gotten much faster than the latency to memory ... that the current access latency to memory (measured in terms of number of processor cycles) is comparable to old-time access latency to disk (measured in terms of processor cycles of the period). the result is some of the application performance optimization is attempting to minimize cache-misses resulting in significant slow-down waiting for memory access (relative system thruput slowdown on order of old-time access to disk).
a few recent posts mentioning this theme:
https://www.garlic.com/~lynn/2012b.html#57 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012b.html#73 Tape vs DASD - Speed/time/CPU utilization
for some more topic drift on this theme ... in the mid-70s, I started
noting that relative system performance of disks were starting to
significantly decline. In the early 80s I generated this comparing
system of the early 80s against comparable system from the late 60s
(about 15yrs)
https://www.garlic.com/~lynn/93.html#31
and was making the claim that the relatively system thruput of disks had declined by order of magnitude (by ten times) ... aka processors got 50times faster while disks only got five times faster.
disk division executives took exception to the statements and assigned their performance group to refute the claims. after several weeks they came back and basically said that I had slightly understated the problem (aka it was actually worse, all things considered, disks didn't actually have quite 5times effective thruput increase).
the analysis then turned into SHARE presentation ... with spin changed
to recommendations for disk optimization for improving system thruput.
bits from that share presentation:
https://www.garlic.com/~lynn/2006f.html#3 using 3390 mod-9s
https://www.garlic.com/~lynn/2006o.html#68 DASD Response Time (on antique 3390?)
a few other posts mentioning the SHARE Presentation:
https://www.garlic.com/~lynn/2002i.html#18 AS/400 and MVS - clarification please
https://www.garlic.com/~lynn/2002i.html#46 AS/400 and MVS - clarification please
https://www.garlic.com/~lynn/2007s.html#5 Poster of computer hardware events?
https://www.garlic.com/~lynn/2007s.html#9 Poster of computer hardware events?
https://www.garlic.com/~lynn/2008c.html#88 CPU time differences for the same job
https://www.garlic.com/~lynn/2009g.html#71 308x Processors - was "Mainframe articles"
https://www.garlic.com/~lynn/2009i.html#7 My Vintage Dream PC
https://www.garlic.com/~lynn/2009k.html#34 A Complete History Of Mainframe Computing
https://www.garlic.com/~lynn/2009k.html#52 Hercules; more information requested
https://www.garlic.com/~lynn/2009l.html#67 ACP, One of the Oldest Open Source Apps
https://www.garlic.com/~lynn/2010c.html#1 "The Naked Mainframe" (Forbes Security Article)
https://www.garlic.com/~lynn/2010h.html#70 25 reasons why hardware is still hot at IBM
https://www.garlic.com/~lynn/2010l.html#31 Wax ON Wax OFF -- Tuning VSAM considerations
https://www.garlic.com/~lynn/2010l.html#32 OS idling
https://www.garlic.com/~lynn/2010l.html#33 History of Hard-coded Offsets
https://www.garlic.com/~lynn/2010n.html#18 Mainframe Slang terms
https://www.garlic.com/~lynn/2010q.html#30 IBM Historic computing
https://www.garlic.com/~lynn/2011.html#35 CKD DASD
https://www.garlic.com/~lynn/2011.html#61 Speed of Old Hard Disks
https://www.garlic.com/~lynn/2011e.html#1 Multiple Virtual Memory
https://www.garlic.com/~lynn/2011g.html#59 Is the magic and romance killed by Windows (and Linux)?
https://www.garlic.com/~lynn/2011p.html#5 Why are organizations sticking with mainframes?
https://www.garlic.com/~lynn/2011p.html#32 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012b.html#73 Tape vs DASD - Speed/time/CPU utilization
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Memory versus processor speed Newsgroups: alt.folklore.computers Date: Wed, 29 Feb 2012 15:08:03 -0500David Dyer-Bennet <dd-b@dd-b.net> writes:
except the new generation of processors tend to have risc micro-ops ... with the hardware turning the externalized instruction set into the risc micro-ops ... being able to leverage the benefits of risc execution while maintaining legacy instruction sets.
x86 Instructions and Micro-Ops (uops)
http://www.ptlsim.org/Documentation/html/node7.html
from above:
The x86 instruction set is based on the two-operand CISC concept of
load-and-compute and load-compute-store. However, all modern x86
processors (including PTLsim) do not directly execute complex x86
instructions. Instead, these processors translate each x86 instruction
into a series of micro-operations (uops) very similar to classical
load-store RISC instructions. Uops can be executed very efficiently on
an out of order core, unlike x86 instructions. In PTLsim, uops have
three source registers and one destination register. They may generate a
64-bit result and various x86 status flags, or may be loads, stores or
branches.
... snip ...
x86 wiki
https://en.wikipedia.org/wiki/X86
from above:
Following the fully pipelined i486, Intel introduced the Pentium brand
name (which, unlike numbers, could be trademarked) for their new line of
superscalar x86 designs. With the x86 naming scheme now legally cleared,
IBM partnered with Cyrix to produce the 5x86 and then the very efficient
6x86 (M1) and 6x86MX (MII) lines of Cyrix designs, which were the first
x86 chips implementing register renaming to enable speculative
execution. AMD meanwhile designed and manufactured the advanced but
delayed 5k86 (K5), which, internally, was heavily based on AMD's earlier
29K RISC design; similar to NexGen's Nx586, it used a strategy where
dedicated pipeline stages decode x86 instructions into uniform and
easily handled micro-operations, a method that has remained the basis
for most x86 designs to this day.
... snip ...
more discussion of internal micro-op implementation
Intel Core versus AMD's K8 architecture
http://www.anandtech.com/show/1998/3
For other topic drift ...
RISC Architecture
http://www.ibm.com/ibm100/us/en/icons/risc/
IBM 801
https://en.wikipedia.org/wiki/IBM_801
other John topic drift:
http://www.cs.clemson.edu/~mark/acs_cocke.html
misc. old email mentioning 801
https://www.garlic.com/~lynn/lhwemail.html#801
even more drift ... old email specific risc cluster (and NSFNET
backbone)
https://www.garlic.com/~lynn/2011b.html#email850314
https://www.garlic.com/~lynn/2007d.html#email850315
https://www.garlic.com/~lynn/2011b.html#email870315
some later email on cluster scale-up
https://www.garlic.com/~lynn/lhwemail.html#medusa
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Memory versus processor speed Newsgroups: alt.folklore.computers Date: Wed, 29 Feb 2012 19:04:08 -0500David Dyer-Bennet <dd-b@dd-b.net> writes:
ROMP (started 1977 as spin-off of 801) ... eventually ships as (unix)
PC/RT (instead of displaywriter follow-on)
https://en.wikipedia.org/wiki/ROMP
In parallel with ROMP, there were Iliads ... late 70s ... effort was
started to converge large variety of internal microprocessors to 801
... including the internal processor used in microcoded 370s i.e.
4361&4381 were originally to be 801(iliad), original as/400 (s/38
follow-on) was to be 801(iliad). For a variety of reasons the iliad
programs floundered ... company continuing with custom designed CISC
processors. some old iliad emails
https://www.garlic.com/~lynn/2006u.html#email810422
https://www.garlic.com/~lynn/2006u.html#email830420
reference to "Fort Knox" (original 801-based as/400 effort)
https://www.garlic.com/~lynn/2006u.html#email880316
reference to ROMP
https://www.garlic.com/~lynn/2007c.html#email841015
caught between doing presentation on high-speed networking technology to
director of NSF or doing meeting on risc 801 clusters (eventually had
to get somebody else to do the networking presentation)
https://www.garlic.com/~lynn/2011b.html#email850314
https://www.garlic.com/~lynn/2007d.html#email850315
when NSFNET backbone RFP is finally released, internal politics
prevent us from bidding. Director of NSF writes the corporation
a letter 3Apr1986, NSF Director to IBM Chief Scientist and IBM Senior VP and director of Research, copying IBM CEO) trying to help ... but that just makes
the internal politics worse
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
recent thread discussing some of the internal politics:
https://www.garlic.com/~lynn/2012c.html#40 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012c.html#41 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012c.html#42 Where are all the old tech workers?
follow-on to ROMP was RIOS chipset that was released as RS/6000
... picture of RIOS chipset paperweight
https://www.garlic.com/~lynn/riospw.jpg
old email regarding doing cluster scale-up using RIOS
https://www.garlic.com/~lynn/lhwemail.html#medusa
as mentioned ... beginning of Jan1992 we have meeting in Ellisons
conference room about having clusters at customer later in 1992
https://www.garlic.com/~lynn/95.html#13
then at very end of Jan1992 ... possibly within hrs after this
email
https://www.garlic.com/~lynn/2006x.html#email920129
cluster scale-up is transferred, we are told we can't work on anything
with more than four processors ... and then a couple weeks, product
announced ... press item middle of 1992Feb
https://www.garlic.com/~lynn/2001n.html#6000clusters1 920217
as part of our HA/CMP product ... some old posts
https://www.garlic.com/~lynn/subtopic.html#hacmp
during ha/cmp, the executive we were reporting to ... transfers over to
head up newly formed somerset ... AIM, apple, ibm, motorola
https://en.wikipedia.org/wiki/AIM_alliance
later he leaves to become president of MIPs.
somerset/aim does power/pc
https://en.wikipedia.org/wiki/PowerPC_600
... rochester does variation and (finally) moves as/400 from cisc to 801.
post posts mentioning 801, risc, romp, iliad, rios, fort knox, power,
power/pc
https://www.garlic.com/~lynn/subtopic.html#801
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: PC industry is heading for more change Newsgroups: alt.folklore.computers Date: Wed, 29 Feb 2012 19:44:59 -0500Patrick Scheible <kkt@zipcon.net> writes:
the locals claimed that the bank in the closest town was one of the largest banks ... apparently almost every major corporation in the US had business account there ... claim was that it took at least 1-2 days more for a check to clear than any other bank in the country.
in the 90s, FSTC ... since merged with bits
http://www.bits.org/
but wayback machine still has FSTC ... FSTC had echeck project
https://web.archive.org/web/19981212014103/http://fstc.org/
more detail
https://web.archive.org/web/19981212024555/http://www.echeck.org/
... one of the most contentious issues was whether echeck cleared
through the ATM (debit card) network or ACH network (float)
https://en.wikipedia.org/wiki/Automated_Clearing_House
we had got somebody to submit our AADS proposal
https://www.garlic.com/~lynn/nacharfi.htm
to NACHA
https://en.wikipedia.org/wiki/NACHA-The_Electronic_Payments_Association
The pilot was done through the ATM (debit card) network rather than
the ACH network ... gone 404 but lives on at the wayback machine
https://web.archive.org/web/20070706004855/http://internetcouncil.nacha.org/News/news.html
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From: lynn@garlic.com (Lynn Wheeler) Date: 1 Mar, 2012 Subject: Why Is Finance So Big? Blog: Google+re:
Why Is Finance So Big?
http://baselinescenario.com/2012/02/29/why-is-finance-so-big/
from above:
For the latter, he uses time series of corporate debt, corporate
equity, household borrowing, deposits, and government debt. The
conclusion is that the per-unit cost of financial intermediation has
been going up for the past few decades: that is, the financial sector
is becoming less efficient rather than more, and that accounts for two
percentage points of finance's share of the economy.
... snip ...
note that the US auto industry for a couple decades have reworked the books so that 80-90% of the business profit came from selling the auto loan ... not from selling the auto. One possibility is to view this as ploy for dealing with the unions (minimizes the profit shown as part of the actual manufacturing part of the business where the labor is). Another scenario is that it is a response to call for 100% unearned profit tax on the US auto industry (also moving the profit from the manufacturing over to financial services).
Other traditional manufacturing businesses, like GE being organized
that it showed half its profits was coming from the financial services
... not the actual manufacturing. "Age of Greed" (Jeff Madrick), pg191
https://www.amazon.com/Age-Greed-Triumph-Finance-ebook/dp/B004DEPF6I/
By the time Welch left in 2000, GE Capital's earnings had grown by
some eighty times to well more than $5 billion, while the number of
its employees did not even double. It provided half of GE's
profits.
... snip ...
There was also suggestion that GE exactly made its numbers quarter after quarter, helped by the ease that numbers for financial services could be moved around.
misc. past posts mentioning "Age of Greed"
https://www.garlic.com/~lynn/2012.html#3 We are on the brink of a historic decision [referring to defence cuts]
https://www.garlic.com/~lynn/2012.html#30 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
https://www.garlic.com/~lynn/2012.html#31 Who originated the phrase "user-friendly"?
https://www.garlic.com/~lynn/2012.html#37 Romney's Opponents Intensify Attacks as Voting Nears
https://www.garlic.com/~lynn/2012.html#40 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
https://www.garlic.com/~lynn/2012.html#45 You may ask yourself, well, how did I get here?
https://www.garlic.com/~lynn/2012.html#47 Avoiding a lost decade
https://www.garlic.com/~lynn/2012.html#48 Fed's image tarnished by newly released documents
https://www.garlic.com/~lynn/2012.html#57 The Myth of Work-Life Balance
https://www.garlic.com/~lynn/2012.html#62 Railroaded
https://www.garlic.com/~lynn/2012.html#70 Regulatory Agency logo
https://www.garlic.com/~lynn/2012.html#72 Chris Dodd's SOPA crusading
https://www.garlic.com/~lynn/2012.html#77 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
https://www.garlic.com/~lynn/2012.html#79 Bain: A consulting firm too hot to handle? (Fortune, 1987)
https://www.garlic.com/~lynn/2012.html#87 The PC industry is heading for collapse
https://www.garlic.com/~lynn/2012.html#92 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012.html#95 Can anyone offer some insight
https://www.garlic.com/~lynn/2012b.html#12 Sun Tzu, Boyd, strategy and extensions of same
https://www.garlic.com/~lynn/2012b.html#19 "Buffett Tax" and truth in numbers
https://www.garlic.com/~lynn/2012b.html#29 The speeds of thought, complexities of problems
https://www.garlic.com/~lynn/2012b.html#43 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012b.html#54 The New Age Bounty Hunger -- Showdown at the SEC Corral
https://www.garlic.com/~lynn/2012b.html#74 IBM Doing Some Restructuring?
https://www.garlic.com/~lynn/2012b.html#90 IBM Doing Some Restructuring?
https://www.garlic.com/~lynn/2012b.html#99 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#2 Occupy the SEC (Securities & Exchange Commission)
https://www.garlic.com/~lynn/2012c.html#5 Too big not to fail
https://www.garlic.com/~lynn/2012c.html#19 Occupy the SEC Pitches An Extreme Makeover of Wall Street
https://www.garlic.com/~lynn/2012c.html#54 PC industry is heading for more change
misc. past posts mentioning call for 100% unearnded profit tax on US
auto industry
https://www.garlic.com/~lynn/2000f.html#41 Reason Japanese cars are assembled in the US (was Re: American bigotry)
https://www.garlic.com/~lynn/2004b.html#52 The SOB that helped IT jobs move to India is dead!
https://www.garlic.com/~lynn/2004h.html#22 Vintage computers are better than modern crap !
https://www.garlic.com/~lynn/2005s.html#2 Internet today -- what's left for hobbiests
https://www.garlic.com/~lynn/2006.html#23 auto industry
https://www.garlic.com/~lynn/2006g.html#14 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#17 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#20 The Pankian Metaphor
https://www.garlic.com/~lynn/2006m.html#49 The Pankian Metaphor (redux)
https://www.garlic.com/~lynn/2007j.html#33 IBM Unionization
https://www.garlic.com/~lynn/2007j.html#72 IBM Unionization
https://www.garlic.com/~lynn/2007j.html#88 IBM Unionization
https://www.garlic.com/~lynn/2007k.html#11 IBM Unionization
https://www.garlic.com/~lynn/2007k.html#24 IBM Unionization
https://www.garlic.com/~lynn/2008.html#28 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#39 competitiveness
https://www.garlic.com/~lynn/2008.html#84 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008p.html#77 Tell me why the taxpayer should be saving GM and Chrysler (and Ford) managers & shareholders at this stage of the game?
https://www.garlic.com/~lynn/2008q.html#22 Is Pride going to decimate the auto Industry?
https://www.garlic.com/~lynn/2008r.html#63 Have you told your Congressman how to VOTE on the auto bailout?
https://www.garlic.com/~lynn/2008s.html#18 What next? from where would the Banks be hit?
https://www.garlic.com/~lynn/2008s.html#20 Five great technological revolutions
https://www.garlic.com/~lynn/2008s.html#57 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2009f.html#20 What is the real basis for business mess we are facing today?
https://www.garlic.com/~lynn/2009i.html#2 China-US Insights on the Future of the Auto Industry
https://www.garlic.com/~lynn/2010i.html#75 Favourite computer history books?
https://www.garlic.com/~lynn/2010o.html#22 60 Minutes News Report:Unemployed for over 99 weeks!
https://www.garlic.com/~lynn/2010p.html#23 They always think we don't understand
https://www.garlic.com/~lynn/2011e.html#21 End of an era
https://www.garlic.com/~lynn/2011j.html#34 Boyd's Reading List Revisited
https://www.garlic.com/~lynn/2011l.html#35 The Next Convergence: The Future of Economic Growth in a Multispeed World
https://www.garlic.com/~lynn/2011l.html#73 computer bootlaces
https://www.garlic.com/~lynn/2011n.html#65 Soups
https://www.garlic.com/~lynn/2011n.html#81 A Close Look at the Perry Tax Plan
https://www.garlic.com/~lynn/2011n.html#86 PDCA vs. OODA
https://www.garlic.com/~lynn/2011p.html#52 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012.html#22 Who originated the phrase "user-friendly"?
https://www.garlic.com/~lynn/2012.html#25 You may ask yourself, well, how did I get here?
https://www.garlic.com/~lynn/2012c.html#26 Why Can't America Catch UP?
https://www.garlic.com/~lynn/2012c.html#32 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012c.html#40 Where are all the old tech workers?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com (Lynn Wheeler) Date: 1 Mar, 2012 Subject: The Economist's Take on Financial Innovation Blog: Google+re:
The Economist's Take on Financial Innovation
http://www.nakedcapitalism.com/2012/02/satyajit-das-pravda-the-economist%E2%80%99s-take-on-financial-innovation.html
quote attributable to Volcker from Confidence Men: Wall Street,
Washington, and the Education of a President pg290
https://www.amazon.com/Confidence-Men-Washington-Education-ebook/dp/B0089LOKKS/
Well, I said, 'The trouble with the United States recently is we spent
several decades not producing many civil engineers and producing a
huge number of financial engineers. And the result is s**tty bridges
and a s**tty financial system!'
... snip ...
misc. past posts mentioning "Confidence Men":
https://www.garlic.com/~lynn/2012.html#17 What's your favorite quote on "accountability"?
https://www.garlic.com/~lynn/2012.html#21 Zombie Banks
https://www.garlic.com/~lynn/2012.html#44 Who originated the phrase "user-friendly"?
https://www.garlic.com/~lynn/2012.html#47 Avoiding a lost decade
https://www.garlic.com/~lynn/2012.html#48 Fed's image tarnished by newly released documents
https://www.garlic.com/~lynn/2012.html#72 Chris Dodd's SOPA crusading
https://www.garlic.com/~lynn/2012b.html#43 Where are all the old tech workers?
https://www.garlic.com/~lynn/2012c.html#2 Occupy the SEC (Securities & Exchange Commission)
https://www.garlic.com/~lynn/2012c.html#5 Too big not to fail
https://www.garlic.com/~lynn/2012c.html#19 Occupy the SEC Pitches An Extreme Makeover of Wall Street
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: PC industry is heading for more change Newsgroups: alt.folklore.computers Date: Thu, 01 Mar 2012 01:29:42 -0500re:
a little x-over from Google+
https://www.garlic.com/~lynn/2012c.html#62 Why Is Finance So Big?
referencing:
http://baselinescenario.com/2012/02/29/why-is-finance-so-big
and
https://www.garlic.com/~lynn/2012c.html#63 The Economist's Take on Financial Innovation
referencing:
http://www.nakedcapitalism.com/2012/02/satyajit-das-pravda-the-economist%E2%80%99s-take-on-financial-innovation.html
--
virtualization experience starting Jan1968, online at home since Mar1970