From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Query for Destination z article -- mainframes back to the future Newsgroups: bit.listserv.ibm-main Date: 14 Mar 2013 13:58:37 -0700edgould1948@COMCAST.NET (Ed Gould) writes:
recent post about providing online 7x24 service starting in the 60s,
some of the hacks that were done to get the "cpu meter" to stop when
activity was otherwise idle (back in the days when mainframes were
rented and monthly lease was based on "cpu meter" reading):
https://www.garlic.com/~lynn/2013c.html#91 What Makes an Architecture Bizarre?
recent post about trying to get multiple exposure support (multiple
device addresses per real device ... aka like on 2305 fixed-head disk
that came with 8 logical device addresses) for 3350 with fixed-head
option ... so I could overlap data transfer from the fixed head area
while disk arm was moving for non-fixed head area
https://www.garlic.com/~lynn/2013c.html#74 relative mainframe speeds, was What Makes an Architecture Bizarre?
I got shotdown by "Jupiter" project in POK ... which was planning on shipping a solid state device ... and thot that I might be competition. They were never able to announce ... since customers started buying all the memory chips that IBM could turn out as processor memory (and memory chips in processors had higher profit than same memory chips in solid state device).
Internally they then started providing "IBM 1655" solid state paging devices (initially 2305 simulation) ... 1655s were really from another vendor ... that had developed a way to use memory chips that had failed standard processor memory tests ... in solid state paging devices. Power outages were no problem since had procedure that would come up and automatigically reclaim these devices w/o requiring manual intervention or re-ipl.
misc. past posts mentioning the (internal) 1655:
https://www.garlic.com/~lynn/2001c.html#17 database (or b-tree) page sizes
https://www.garlic.com/~lynn/2001l.html#53 mainframe question
https://www.garlic.com/~lynn/2002.html#31 index searching
https://www.garlic.com/~lynn/2002i.html#17 AS/400 and MVS - clarification please
https://www.garlic.com/~lynn/2002l.html#40 Do any architectures use instruction count instead of timer
https://www.garlic.com/~lynn/2003b.html#15 Disk drives as commodities. Was Re: Yamhill
https://www.garlic.com/~lynn/2003b.html#17 Disk drives as commodities. Was Re: Yamhill
https://www.garlic.com/~lynn/2003c.html#55 HASP assembly: What the heck is an MVT ABEND 422?
https://www.garlic.com/~lynn/2003m.html#39 S/360 undocumented instructions?
https://www.garlic.com/~lynn/2004d.html#73 DASD Architecture of the future
https://www.garlic.com/~lynn/2004e.html#3 Expanded Storage
https://www.garlic.com/~lynn/2005e.html#5 He Who Thought He Knew Something About DASD
https://www.garlic.com/~lynn/2005r.html#51 winscape?
https://www.garlic.com/~lynn/2006.html#38 Is VIO mandatory?
https://www.garlic.com/~lynn/2006c.html#1 Multiple address spaces
https://www.garlic.com/~lynn/2006e.html#46 using 3390 mod-9s
https://www.garlic.com/~lynn/2006k.html#57 virtual memory
https://www.garlic.com/~lynn/2006r.html#36 REAL memory column in SDSF
https://www.garlic.com/~lynn/2006s.html#30 Why magnetic drums was/are worse than disks ?
https://www.garlic.com/~lynn/2007e.html#59 FBA rant
https://www.garlic.com/~lynn/2007o.html#26 Tom's Hdw review of SSDs
https://www.garlic.com/~lynn/2007s.html#9 Poster of computer hardware events?
https://www.garlic.com/~lynn/2007u.html#4 Remembering the CDC 6600
https://www.garlic.com/~lynn/2008b.html#15 Flash memory arrays
https://www.garlic.com/~lynn/2009m.html#54 August 7, 1944: today is the 65th Anniversary of the Birth of the Computer
https://www.garlic.com/~lynn/2010g.html#11 Mainframe Executive article on the death of tape
https://www.garlic.com/~lynn/2010g.html#22 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/2010g.html#82 [OT] What is the protocal for GMT offset in SMTP (e-mail) header time-stamp?
https://www.garlic.com/~lynn/2010h.html#78 Software that breaks computer hardware( was:IBM 029 service manual )
https://www.garlic.com/~lynn/2011e.html#75 I'd forgotten what a 2305 looked like
https://www.garlic.com/~lynn/2011j.html#9 program coding pads
https://www.garlic.com/~lynn/2012n.html#43 history of Programming language and CPU in relation to each
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: IBM Mainframe (1980's) on You tube Newsgroups: bit.listserv.ibm-main Date: 14 Mar 2013 15:49:31 -0700arnoldt@US.IBM.COM (Todd Arnold) writes:
in conjunction with PIN processing and authorizing financial
transactions
https://en.wikipedia.org/wiki/Personal_identification_number
3624 pin processing had a weakness that could be exploited by an attacker if they had access to the banks computers
discussed in more detail here (also referencing ibm 4758)
http://www.cl.cam.ac.uk/techreports/UCAM-CL-TR-560.pdf
disclaimer ... even tho I was in research at the time, I also had offices and labs in the Los Gatos lab ... mentioned in the 3624 wiki reference ... which also references one of my old postings from 2004.
recent ibm reference
http://publib.boulder.ibm.com/infocenter/zos/v1r11/index.jsp?topic=/com.ibm.zos.r11.csfb300/pinkeys.htm
in the mid-80s, I was involved in doing another kind of twist on DES ... and the product crypto group (responsible for those IBM mainframe DES units) complained that I had seriously weakened DES ... however, after spending 3months in debate ... finally convinced them it was significantly stronger than standard DES (instead of weaker) ... it was hollow victory ... finding out that (at the time) there were 3-kinds of crypto: 1) the kind they don't care about, 2) the kind you can't do, 3) the kind you can only do for them (aka I was told I could build as many boards as I wanted ... but there was only one customer that they could be sold to).
I was doing this HSDT effort ... some past posts
https://www.garlic.com/~lynn/subnetwork.html#hsdt
and spending arm&leg on T1 full-duplex DES crypto units (about 300kbyte/sec aggregate). I wanted a board that could do sustained channel speed DES crypto (ten times faster), being able to even change key on every packet (traditional DES chips tended to have high latency on key change) and cost less than $100.
old email mentioning that software standard DES ran at 150kbytes/sec on
3081 processor ... aka both 3081k processors would be required to
support full-duplex T1 (150kbytes/sec concurrent in each direction)
https://www.garlic.com/~lynn/2006n.html#email841115
other old email mentioning crypto
https://www.garlic.com/~lynn/lhwemail.html#crypto
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Query for Destination z article -- mainframes back to the future Newsgroups: bit.listserv.ibm-main Date: 14 Mar 2013 17:02:32 -0700martin_packer@UK.IBM.COM (Martin Packer) writes:
reuse of code names ... POK solid state Jupiter was late 70s. HSM&DFSMS was west coast disk division ... although JUPITER (DFSMS) was in progress in STL by at least early 1983. There was effort in this timeframe to do a totally different kind of vm370 system (unrelated to then current vm370 or the internal vmtool that would become vm/xa) and in 1983 there were joint reviews with the JUPITER group (at the time in STL).
in the late 70s, I had been con'ed into playing disk engineer part
time over in bldg. 14&15 (disk engineering lab and disk product
test lab)
https://www.garlic.com/~lynn/subtopic.html#disk
... and the disk division was the ones that wanted more competitive 3350 (it was POK group that felt it would be in competition with the solid-state disk that they were hoping to do).
when I first transferred to san jose research ... they let me wander
around various places ... recent mention about STL IMS group
https://www.garlic.com/~lynn/2013c.html#62 What Makes an Architecture Bizarre?
but they also let me wander around bldg 14&15. At the time they were running disk development regression tests with stand-alone mainframes (they had variety of different mainframes, frequently getting early engineering processors to validate new channels as well as using to validate engineering development dasd) ... scheduled 7x24 around the clock dedicated (stand-alone) mainframe time. They had recently attempted to use MVS in the environment, enabling concurrent testing ... but found MVS had 15min MTBF (hang/died, requiring re-ipl) in that environment.
I offered to rewrite I/O supervisor making it bullet proof and never failed ... which greatly increased their productivity having ondemand, anytime, concurrent testing available. this got me sucked into diagnosing hardware problems because frequently initial fingerpointing was at my software.
later I wrote an internal-only document describing the effort and happen to mention the MVS 15min MTBF ... which brought down the wrath of the MVS group on my head (I think they would have gotten me fired if they could have figured out how).
note however, it was the san jose disk software group that quoted me
the $26M business case requirement for MVS FBA ... even if I gave them
fully integrated and tested code ... to cover pubs, education,
training etc (and I could only use incremental new disk sales ...
required possibly $200m-$300m ... and claim was they were selling
disks as fast as they could make them ... and any FBA support would
just change from CKD to same amount of FBA; was precluded from using
life-cycle savings and/or other business justifications). misc. past
posts mentioning CKD/FBA
https://www.garlic.com/~lynn/submain.html#dasd
also unrelated to networking and crypto & the Los Gatos lab
... recent reference:
https://www.garlic.com/~lynn/2013d.html#1 IBM Mainframe (1980's) on You tube
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Thu, 14 Mar 2013 22:16:09 -0400Shmuel (Seymour J.) Metz <spamtrap@library.lspace.org.invalid> writes:
3880-2x increased cache size from 8mbyte to 32mbyte.
3880-11 code name was ironwood and before it was released i showed that typical configuration of virtual memory (using 3880-11 as 4k record paging cache) with 32mbyte 3081 ... typically provided little benefit.
default configuration was more real processor storage than cache storage ... so any record in the cache was also in processor storage. a miss on page in processor stroage ... would also result in it also not being in 3880 cache ... requiring it to be read from 3380 into cache and then into real memory ... rarely was there a miss in processor storage that was in the cache. I called this "dup" (or "duplicate") strategy.
I had run into it when i was managing page migration with 2305 fix-head disks several years earlier ... when processor real storage was becoming significantly larger than the backing fast secondary storage (aka 2301 or 2305; page migration would move low used pages off fixed-head area to . It was possible to do something similar with 3880-11 with a special "non-cached" read operation ... if the page wasn't in the cache ... it would do a direct disk cache-bypass read, it the page was in the cache, it would read it from the cache (and remove its slot in the cache). Writes went into cache (when page was replaced in real storage). That way there was no page in the cache that was also in processor storage (as opposed to every page in the cache also being in processor storage).
ibm justification for the 3880-13 full track cache was it had 90% cache hit ratio. The scenario was sequential read with 10 4k records per 3380 track. The first read for record on a track, would result in a miss bringing in the whole track. The next nine reads would be for the other nine records on the track (resulting in the 90% cache hit rate). if the access method interface was changed to do full-track buffered reads .... every track read would be a miss resulting in a zero percent cache "hit" rate ... which would be little different performance than full-track buffering w/o a cache.
misc. old email about migrating bunch of software from cp67 base to
vm370 ...
https://www.garlic.com/~lynn/2006v.html#email731212
https://www.garlic.com/~lynn/2006w.html#email750102
https://www.garlic.com/~lynn/2006w.html#email750430
including support for page migration
https://www.garlic.com/~lynn/2006w.html#8 Why these original FORTRAN quirks?
misc. past posts discussing "dup"/"no-dup" strategy
https://www.garlic.com/~lynn/93.html#12 managing large amounts of vm
https://www.garlic.com/~lynn/93.html#13 managing large amounts of vm
https://www.garlic.com/~lynn/94.html#9 talk to your I/O cache
https://www.garlic.com/~lynn/2000d.html#13 4341 was "Is a VAX a mainframe?"
https://www.garlic.com/~lynn/2001i.html#42 Question re: Size of Swap File
https://www.garlic.com/~lynn/2001l.html#55 mainframe question
https://www.garlic.com/~lynn/2001n.html#78 Swap partition no bigger than 128MB?????
https://www.garlic.com/~lynn/2002b.html#10 hollow files in unix filesystems?
https://www.garlic.com/~lynn/2002b.html#16 hollow files in unix filesystems?
https://www.garlic.com/~lynn/2002b.html#19 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/2002f.html#26 Blade architectures
https://www.garlic.com/~lynn/2003f.html#5 Alpha performance, why?
https://www.garlic.com/~lynn/2003o.html#62 1teraflops cell processor possible?
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/2004h.html#19 fast check for binary zeroes in memory
https://www.garlic.com/~lynn/2004i.html#1 Hard disk architecture: are outer cylinders still faster than inner cylinders?
https://www.garlic.com/~lynn/2005c.html#27 [Lit.] Buffer overruns
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/2006e.html#45 using 3390 mod-9s
https://www.garlic.com/~lynn/2006f.html#18 how much swap size did you take?
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/2007c.html#0 old discussion of disk controller chache
https://www.garlic.com/~lynn/2007e.html#60 FBA rant
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/2008h.html#84 Microsoft versus Digital Equipment Corporation
https://www.garlic.com/~lynn/2008k.html#80 How to calculate effective page fault service time?
https://www.garlic.com/~lynn/2010.html#47 locate mode, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010g.html#73 Interesting presentation
https://www.garlic.com/~lynn/2010i.html#20 How to analyze a volume's access by dataset
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/2011.html#70 Speed of Old Hard Disks
https://www.garlic.com/~lynn/2012c.html#47 nested LRU schemes
https://www.garlic.com/~lynn/2012d.html#75 megabytes per second
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: Live-Blogging Senate Hearing Tomorrow, When J.P. Morgan Chase Will Be Torn a New One Date: 14 Mar 2013 Blog: Google+re:
Live-Blogging Senate Hearing Tomorrow, When J.P. Morgan Chase Will Be
Torn a New One
http://www.rollingstone.com/politics/blogs/taibblog/live-blogging-senate-hearing-tomorrow-when-j-p-morgan-chase-will-be-torn-a-new-one-20130314
from above:
If the information in the report is correct, Chase followed the
behavioral model of every corrupt/failing hedge fund this side of
Bernie Madoff and Sam Israel, only it did it on a much more enormous
scale and did it with federally-insured deposits.
... snip ...
appears to be quite different tone from the hearings that were held last summer on the matter:
Jamie Dimon Avoids Hard Questions At Senate Hearing
http://www.huffingtonpost.com/2012/06/13/jamie-dimon-senate-hearing_n_1594130.html
...
Out of Control -- New Report Exposes JPMorgan Chase as Mostly a
Criminal Enterprise
http://www.nakedcapitalism.com/2013/03/david-dayen-out-of-control-new-report-exposes-jpmorgan-chase-as-mostly-a-criminal-enterprise.html
When A JPM "Hedge" Is Anything But A Hedge - In JPM's Own Words
http://www.zerohedge.com/news/2013-03-14/when-jpm-hedge-anything-hedge-jpms-own-words
Senate on London Whale: Worse than we thought
http://money.cnn.com/2013/03/14/investing/jpmorgan-senate/index.html
Too Big To Regulate JP Morgan "Lied" And "Deceived" Regulators,
Investors And Public, Senate Finds
http://www.zerohedge.com/news/2013-03-14/too-big-regulate-jp-morgan-lied-and-deceived-regulators-investors-and-public-senate-
JPMorgan Chase: Too big to regulate?
http://blogs.blouinnews.com/blouinbeatbusiness/2013/03/14/jpmorgan-chase-too-big-to-regulate/
long-winded post from last year with some tie-in to ibm
https://www.garlic.com/~lynn/2012g.html#82
Gerstner "wins" in power play to be next CEO of AMEX, looser leaves with his protege to take over storefront money lending firm in Baltimore. After several acquisitions ... eventually acquires Citibank in violation of Glass-Steagall, Greenspan grants exemption while Congress is lobbied to repeal Glass-Steagall ... opening door for too-big-to-fail. Dimon leaves and becomes CEO of Chase.
past posts mentioning Morgan-Chase/Dimon:
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#53 Are the "brightest minds in finance" finally onto something?
https://www.garlic.com/~lynn/2009e.html#70 When did "client server" become part of the language?
https://www.garlic.com/~lynn/2009e.html#79 Are the "brightest minds in finance" finally onto something?
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#47 TARP Disbursements Through April 10th
https://www.garlic.com/~lynn/2009f.html#49 Is the current downturn cyclic or systemic?
https://www.garlic.com/~lynn/2009g.html#3 Do the current Banking Results in the US hide a grim truth?
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/2009h.html#79 The $4 trillion housing headache
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#77 Financial Regulatory Reform - elimination of loophole allowing special purpose institutions outside Bank Holding Company (BHC) oversigh
https://www.garlic.com/~lynn/2009j.html#35 what is mortgage-backed securities?
https://www.garlic.com/~lynn/2009j.html#69 64 Cores -- IBM is showing a prototype already
https://www.garlic.com/~lynn/2009o.html#21 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009o.html#24 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009p.html#23 Opinions on the 'Unix Haters' Handbook
https://www.garlic.com/~lynn/2010l.html#68 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010n.html#61 Oracle database design slowed Chase online banking fix
https://www.garlic.com/~lynn/2010n.html#67 Outgunned: How Security Tech Is Failing Us
https://www.garlic.com/~lynn/2011.html#21 zLinux OR Linux on zEnterprise Blade Extension???
https://www.garlic.com/~lynn/2011c.html#76 Other early NSFNET backbone
https://www.garlic.com/~lynn/2011d.html#43 Sabre; The First Online Reservation System
https://www.garlic.com/~lynn/2011e.html#47 junking CKD; was "Social Security Confronts IT Obsolescence"
https://www.garlic.com/~lynn/2011g.html#30 Bank email archives thrown open in financial crash report
https://www.garlic.com/~lynn/2011k.html#35 Chase, Bank of America credit cards too hacker-friendly?
https://www.garlic.com/~lynn/2011k.html#56 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011n.html#41 The men who crashed the world
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/2012g.html#6 Adult Supervision
https://www.garlic.com/~lynn/2012g.html#9 JPM LOSES $2 BILLION USD!
https://www.garlic.com/~lynn/2012g.html#12 JPM LOSES $2 BILLION USD!
https://www.garlic.com/~lynn/2012g.html#16 Psychology Of Fraud: Why Good People Do Bad Things
https://www.garlic.com/~lynn/2012g.html#61 Why Hasn't The Government Prosecuted Anyone For The 2008 Financial recession?
https://www.garlic.com/~lynn/2012g.html#82 How do you feel about the fact that today India has more IBM employees than US?
https://www.garlic.com/~lynn/2012g.html#87 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#5 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#45 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#58 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#64 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#79 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012i.html#17 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012i.html#25 Can anybody give me a clear idea about Cloud Computing in MAINFRAME ?
https://www.garlic.com/~lynn/2012i.html#29 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012j.html#50 The Games Played By JP Morgan Chase
https://www.garlic.com/~lynn/2012k.html#31 History--punched card transmission over telegraph lines
https://www.garlic.com/~lynn/2012k.html#75 What's the bigger risk, retiring too soon, or too late?
https://www.garlic.com/~lynn/2012l.html#63 Singer Cartons of Punch Cards
https://www.garlic.com/~lynn/2012m.html#19 Why Auditors Fail To Detect Frauds?
https://www.garlic.com/~lynn/2012m.html#45 General Mills computer
https://www.garlic.com/~lynn/2012m.html#46 General Mills computer
https://www.garlic.com/~lynn/2012m.html#53 General Mills computer
https://www.garlic.com/~lynn/2012m.html#59 General Mills computer
https://www.garlic.com/~lynn/2012n.html#1 STOP PRESS! An Auditor has been brought to task for a failed bank!
https://www.garlic.com/~lynn/2012n.html#12 Why Auditors Fail To Detect Frauds?
https://www.garlic.com/~lynn/2012n.html#20 General Mills computer
https://www.garlic.com/~lynn/2012o.html#14 OT: Tax breaks to Oracle debated
https://www.garlic.com/~lynn/2012o.html#32 Does the IBM System z Mainframe rely on Obscurity or is it Security by Design?
https://www.garlic.com/~lynn/2012p.html#49 Regulator Tells Banks to Share Cyber Attack Information
https://www.garlic.com/~lynn/2012p.html#60 Today in TIME Tech History: Piston-less Power (1959), IBM's Decline (1992), TiVo (1998) and More
https://www.garlic.com/~lynn/2013.html#36 JPMorgan Chase slammed by regulators for control failings after botched derivatives bet
https://www.garlic.com/~lynn/2013.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#65 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#43 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 15 Mar 2013 00:28:52 -0400Robert Wessel <robertwessel2@yahoo.com> writes:
e5-2600 rating of 20gflops/processor then would appear to be broken also ... since a 33bips/processor doesn't seem to be horribly out of line given 20gflops rating ... i.e. non-flop ratings frequently tend to be greater than flop ratings.
it would be interesting to see what (broken) bips & gflops benchmarks are for z196 and ec12 ... as well as specint2006 and specfp2006 ... even if they are unofficial numbers.
all spec cint2006 results
http://www.spec.org/cpu2006/results/cint2006.html
all spec cfp2006 results
http://www.spec.org/cpu2006/results/cfp2006.html
ibm has quite a large number of non-mainframe numbers in the above (although mostly intel & amd) ... the few power aren't very current.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: Live-Blogging Senate Hearing Tomorrow, When J.P. Morgan Chase Will Be Torn a New One Date: 15 Mar 2013 Blog: Google+re:
hearings going on real time, current long description of violations going on over extended period of time with knowledge of the highest executives in the institutions and the regulators looking the other way.
JPMorgan ignored risks, fought regulators: Senate
http://www.newsdaily.com/stories/bre92d195-us-jpmorgan-whale/
Levin's long winded descriptions has Chase fabricating risk information, not just "ignored"
There is long-running discussion in (linkedin closed) Financial Crime Risk, Fraud and Security about the too-big-to-fail apparently believing that the can do what ever they want with impunity ... lots of instances where too-big-to-fail are actively engaged in illegal activity including money laundering for drug cartels and terrorists ... activity that would normally have people doing jail time and shutting down the institutions. It has given rise to too-big-to-prosecute and too-big-jail labels (in addition to too-big-to-fail and too-big-to-regulate)
Live-Blogging the Senate Hearing on J.P. Morgan Chase and the Infamous
"London Whale" Episode
http://www.rollingstone.com/politics/blogs/taibblog/live-blogging-the-senate-hearing-on-j-p-morgan-chase-and-the-infamous-london-whale-episode-20130315
Live Blogging JP Morgan Senate Hearing -- a Rogue Institution on the
Hot Seat
http://www.nakedcapitalism.com/2013/03/live-blogging-jp-morgan-senate-hearing-a-rogue-institution-on-the-hot-seat.html
JPMorgan... Or Long-Term Capital Management?
http://www.zerohedge.com/news/2013-03-15/jpmorgan-or-long-term-capital-management
Senate "Whale" Report Reveals JP Morgan as a Lying, Scheming Rogue Trader (Quelle Surprise!)
http://www.nakedcapitalism.com/2013/03/senate-whale-report-reveals-jp-morgan-as-a-lying-scheming-rogue-trader-quelle-surprise.html
from above:
But some critical findings emerge, quickly. We here at NC were
particularly harsh critics of JP Morgan's conduct, and disappointed in
the media's failure to understand that the information JP Morgan
presented as it bobbed and weaved showed glaring deficiencies in risk
controls. Yet the failings described in the report are even worse than
we imagined.
... snip ...
some archived posts from Linkedin
https://www.garlic.com/~lynn/2013.html#44 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#51 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#57 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#0 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#9 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#12 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#48 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#65 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#74 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#3 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#5 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#12 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#26 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#42 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#55 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#61 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#66 How to Cut Megabanks Down to Size
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 15 Mar 2013 11:16:57 -0400Robert Wessel <robertwessel2@yahoo.com> writes:
the simulation always had global cache more effective than any kind of cache partitioning (except of pathelogical case of large sequential reads that would wipe cache ... which cache had no effective strategy for handling scenario).
since there was efficient real-time reduction/analysis as part of the implementation ... there was some investigation into possibly incorporating implementation as part of standard system disk dynamic allocation as part of load-balancing.
this turns out to provide supporting information in the "Local LRU" versis Global LRU (where "Local LRU" is effectively a partitioning strategy).
I've mentioned before this came up at Dec81 ACM SIGOPS where Jim Gray
asks me to wade in on battle a co-worker was having getting his Stanford
PHD ... which involved various aspects of Global LRU ... and was under
strong attack by "Local LRU" forces trying to prevent the PHD from being
awarded. Jim knew I had done a lot of work on Global LRU in the 60s
(about the time the "Local LRU" ACM paper appeared) ... and had direct
"Local" versus "Global" comparisons for CP67. Unfortunately, research
management managed to prevent me from sending a response for nearly a
year (hopefully it wasn't because they were taking sides in the academic
dispute ... but because they believe they were punishing me for some
infrasction or other). Part of the response (nearly year later):
https://www.garlic.com/~lynn/2006w.html#email821019
recent posts mentioning the incident
https://www.garlic.com/~lynn/2013b.html#11 what makes a computer architect great?
https://www.garlic.com/~lynn/2013c.html#17 I do not understand S0C6 on CDSG
https://www.garlic.com/~lynn/2013c.html#49 What Makes an Architecture Bizarre?
past posts discussing the disk activity trace/collection
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
https://www.garlic.com/~lynn/2012c.html#47 nested LRU schemes
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 15 Mar 2013 11:34:49 -0400jmfbahciv <See.above@aol.com> writes:
CP67 & VM370 would always have a timer running that accounted for how much time was being used for what purpose (application time, kernel time on behalf of specific application, "overhead" time not attritable to specific application). Original CP67 delivered had lots of bloat ... I rewrote lots of code that enormously reduced various CP67 kernel pathlength ... but I also restructured the whole "overhead" design. Overhead was growing non-linear with number users ... at 10% (of elapsed) at 35 users (and increasing). The restructure also created a "psuedo" user that all "overhead" functions was attributed to. This overhead dropped well under 1% and would increase much slower (as concurrent users & workload increase). Later in the 80s with significantly larger systems and workload ... this was still around 1%.
This is compared to MVS that had huge portions of kernel time not accounted for at all (this is total separate issue from the timer-driven interrupt that would wake up every 400milliseconds, primarily for the purpose of keeping the "cpu meter" from stopping). Time spent in wait state (no activity) was accounted for ... so total CPU use could be calculated (non-wait state) ... the total accounted for CPU use divided by the total CPU use (in MVS) is referred to as the "capture ratio".
Unaccounted MVS (kernel) cpu use could range from 20% to 80% (i.e.
captured cpu use could be as low as 20% ... even on systems running 100%
cpu use; aka no wait state). misc. past posts mentioning MVS "capture
ratio"
https://www.garlic.com/~lynn/2005m.html#16 CPU time and system load
https://www.garlic.com/~lynn/2006v.html#19 Ranking of non-IBM mainframe builders?
https://www.garlic.com/~lynn/2007g.html#82 IBM to the PCM market
https://www.garlic.com/~lynn/2007t.html#23 SMF Under VM
https://www.garlic.com/~lynn/2008.html#42 Inaccurate CPU% reported by RMF and TMON
https://www.garlic.com/~lynn/2008d.html#72 Price of CPU seconds
https://www.garlic.com/~lynn/2010d.html#66 LPARs: More or Less?
https://www.garlic.com/~lynn/2010e.html#33 SHAREWARE at Its Finest
https://www.garlic.com/~lynn/2010e.html#76 LPARs: More or Less?
https://www.garlic.com/~lynn/2010m.html#39 CPU time variance
https://www.garlic.com/~lynn/2012h.html#70 How many cost a cpu second?
https://www.garlic.com/~lynn/2012j.html#71 Help with elementary CPU speed question
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 15 Mar 2013 11:51:00 -0400Shmuel (Seymour J.) Metz <spamtrap@library.lspace.org.invalid> writes:
the issue wasn't about interval under heavy load with no idle time, the issue was 1) the interval was the same when system was totally idle and 2) happened to be the same as the cpu meter limit on stopping. it could be chosen with no fingerprints as to why the interval was chosen.
also implied here
https://www.garlic.com/~lynn/2013d.html#8 What Makes an Architecture Bizarre?
as undergraduate in the 60s ... I did dynamic adaptive so things would
be proportional to activity ... including extending the interval when
the system was idle ... which would allow the cpu meter to come to a
stop. misc. past posts mentioning dynamic adaptive resource management
https://www.garlic.com/~lynn/subtopic.html#fairshare
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 15 Mar 2013 12:02:09 -0400Anne & Lynn Wheeler <lynn@garlic.com> writes:
for the fun of it ... this is old email mentioning the TSO product
administer asking if I would implement my dynamic adaptive resource
manager in MVS (this was after corporate had decreed that vm370/cms was
the corporate strategic interactive product ... effort was also started
to port CMS to MVS).
https://www.garlic.com/~lynn/2006b.html#email800310
I ran an internal advanced technology workshop/conference in
spring of 1982 ... one of the presentations was on the
progress of the CMS port to MVS.
https://www.garlic.com/~lynn/96.html#4a
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: relative mainframe speeds, was What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 15 Mar 2013 15:34:32 -0400Peter Flass <Peter_Flass@Yahoo.com> writes:
for some other topic drift ...
https://www.garlic.com/~lynn/2013d.html#7 What Makes an Architecture Bizarre
besides the local/glocal (partitioned/single-large) cache issues, the detailed log of all record access of production systems showed that traditional commercial/business dataprocessing was quite bursty ... with collections of data having high periodic burst use on periodic basis ... daily, weekly, monthly, quarterly, etc. The collection of data didn't need to be online between the bursty activity ... but it should be grouped with regard to migration between online & offline.
that analysis may have later contributed to some of the SMS implementation characteristics.
We actually made use of various collection and analsys techniques
... another was called MDREORG (the detail trace was DMKCOL after the
module in which a lot of the collection was originally
implemented). It was used in attempt to load-balance CMS use across
all available drives. It was also used in wholesale datacenter
vm370/cms migration from 3350s to 3380s. Highest use were spread
across available 3380 in the center of packs with decreasing use
radiating out from the center. There was an algorithmic objective to
only fill 3380s 80% full with 3350 CMS migration ... the remaining was
reserved for empty or trivially/rarely used data (say offshift,
administrative data that would have little impact during prime shift
usage). past posts mentioning mdreorg
https://www.garlic.com/~lynn/2008l.html#65 Crippleware: hardware examples
for other topic drift ... recent thread over in ibm-main mailing list
mentioning DFSMS
https://www.garlic.com/~lynn/2013d.html#2 Query for Destination z article -- mainframes back to the future
the other place bursty use sensitive implementation shows up was TSM
(tivoli storage management). This started out as CMSBACK that I
originally implemented that was used a numerous internal datacenters
starting in the late 70s. some old cmsback related email
https://www.garlic.com/~lynn/lhwemail.html#cmsback
it went through a number of (internal) version/releases ... and then
was finally packaged as customer product as Workstation
Datasave Facility (wdsf) ... that included distributed computing
backup. This was picked up by the disk product division and renamed
ADSM (for Adstar Storage Manager ... this was after the disk
division had been renamed Adstar as part of the re-org of IBM into the
"baby blues" in preparation for breakup; Gerstner was then brought in
and reversed the breakup process). later (2nd round) when the disk
division was in the process of being sold off ... ADSM moved to Tivoli
and renamed TSM. misc. past posts mentioning backup/archive
https://www.garlic.com/~lynn/submain.html#backup
AMEX, Private Equity, IBM related Gerstner posts
https://www.garlic.com/~lynn/submisc.html#gerstner
recent posts mentioning baby blue restructuring (in preparation for
IBM breakup):
https://www.garlic.com/~lynn/2012p.html#61 What is holding back cloud adoption?
https://www.garlic.com/~lynn/2012p.html#63 Today in TIME Tech History: Piston-less Power (1959), IBM's Decline (1992), TiVo (1998) and More
https://www.garlic.com/~lynn/2013.html#76 mainframe "selling" points
https://www.garlic.com/~lynn/2013b.html#3 New HD
https://www.garlic.com/~lynn/2013b.html#34 Ethernet at 40: Its daddy reveals its turbulent youth
https://www.garlic.com/~lynn/2013c.html#53 What Makes an Architecture Bizarre?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: relative mainframe speeds, was What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sat, 16 Mar 2013 10:45:23 -0400Robert Wessel <robertwessel2@yahoo.com> writes:
and POK blocking me when I tried to extend "multiple exposures"
for 3350s
https://www.garlic.com/~lynn/2013d.html#0 Query for Destination z article -- mainframes back to the future
as i've periodically commented, mainframe FICON is a heavy duty layer that significantly regresses the throughput of the underlying fibre channel standard. fibre channel is dual-simplex asynchronous interface ... able to pump as much stuff down the outgoing interface concurrently with stuff coming in the incoming interface (aka in 1988, I had been asked to help LLNL standardize some serial technology they had ... which eventually morphs into fibre channel standard, I also got sucked in early with SLAC's serial technology standardization that morphs into SCI ... used for NUMA memory but also lots of work for use with I/O).
FCS doesn't have the serialization latency that still lingers on from the
half-duplex mainframe channel paradigm. recent posts mentioning FICON:
https://www.garlic.com/~lynn/2013.html#10 From build to buy: American Airlines changes modernization course midflight
https://www.garlic.com/~lynn/2013.html#40 Searching for storage (DASD) alternatives
https://www.garlic.com/~lynn/2013.html#77 OT: but hopefully interesting - Million core supercomputer
https://www.garlic.com/~lynn/2013b.html#6 mainframe "selling" points
https://www.garlic.com/~lynn/2013b.html#7 mainframe "selling" points
https://www.garlic.com/~lynn/2013b.html#8 mainframe "selling" points
https://www.garlic.com/~lynn/2013b.html#55 Dualcase vs monocase. Was: Article for the boss
https://www.garlic.com/~lynn/2013c.html#62 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013c.html#63 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013c.html#67 relative speeds, was What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013c.html#68 relative mainframe speeds, was What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013c.html#77 relative mainframe speeds, was What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013c.html#84 What Makes an Architecture Bizarre?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Query for Destination z article -- mainframes back to the future Newsgroups: bit.listserv.ibm-main Date: 16 Mar 2013 08:15:03 -0700clementclarke@OZEMAIL.COM.AU (Clem Clarke) writes:
Later I would sponsor Boyd's briefings at IBM. Various of his
biographies mention him doing stint in command.of.spook base (about the
same time I was at Boeing) ... claiming it to be a $2.5B windfall for
IBM (nearly ten times renton). Boyd would comment that the datacenter
was the largest air-conditioned bldg in that part of the world. This
account of spook base only goes into a little bit of the datacenter
operation.
https://web.archive.org/web/20030212092342/http://home.att.net/~c.jeppeson/igloo_white.html
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sat, 16 Mar 2013 11:06:37 -0400jmfbahciv <See.above@aol.com> writes:
unaccounted cycles in MVS was software thing not keeping track of time spent in various parts of the MVS kernel. they accounted for time in wait/idle state ... and they could deduce unaccounted for time by calculating time non-idle time (elapsed minus idle time) and then subtracting all accounted for time (aka "captured" time). The difference was the non-captured/unaccounted time (spent in the MVS kernel)
all the accounted for time ("captured", divided by the non-idle time (elapsed minus idle) was the "capture ration".
by comparison, the dummy system user had all the kernel time ... that was accounted & associated with some specific user. this was considered "overhead" ... in the original cp67 it wasn't actually accounted for against a dummy user ... but simply a field called "overhead" (aka there was *NO* non-captured processor time). I drastically reduced this time as part of general pathlength as well as resource management work (aka a lot of "overhead" had been associated with general system resource management/administration). I then originally created the dummy system user as part of implementing support for paging portions of CP67 kernel. I needed a virtual address space for mapping the CP67 kernel ... and necessary control blocks required by the standard paging mechanism (including dummy user control blocks associated with the dummy virtual address space). Although lots of the stuff I did as undergraduate was picked up and shipped in standard CP67, my pageable kernel (along with dummy system user) wasn't.
Charlie (inventor of compare&swap) ... then did
modification to the CP67 serialization function ... standard
serialization would sometimes result in hung/zombie users ... or
system failures with dangling operations where user was gone. First
elimianted the ("dangling" operation) system failures by not allowing
user to go away when there was some operation still in progress for
them. Then if operation was taking too long to complete ... would
swizzle the pointers so they now were associated with my dummy system
user. This become part of the standard internal CP67 system at science
center and I would distribute to other internal datacenters. It was
also part of the changes that I migrated from CP67 to VM370 for CSC/VM
... and a piece of it was picked up and shipped in VM370 Release 3
(along with other bits&pieces of CSC/VM):
https://www.garlic.com/~lynn/2006v.html#email731212
https://www.garlic.com/~lynn/2006w.html#email750102
https://www.garlic.com/~lynn/2006w.html#email750430
misc. past posts mentioning eliminating *ALL* zombie/hung users and/or
my dumprx failure analysis application:
https://www.garlic.com/~lynn/submain.html#dumprx
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Query for Destination z article -- mainframes back to the future Newsgroups: bit.listserv.ibm-main Date: 16 Mar 2013 08:39:15 -0700lynn@GARLIC.COM (Anne & Lynn Wheeler) writes:
in 1969 dollars ... about 7 times that for 2012 dollars ... $2.1B for renton data center and about $17B for spook base.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: relative mainframe speeds, was What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sat, 16 Mar 2013 14:44:54 -0400Robert Wessel <robertwessel2@yahoo.com> writes:
in the period between 2305 "multiple exposures" and PAV, there was start
subchannel and dynamic pathing. dynamic pathing had an architecture with
a really heavy weight implementation ... also requiring enormous
virtualization burden. After I first saw the internal implementation
document, I did an alternate that was a trivial hit to the interface
that significantly reduced the implementation burden and enormously
reduced the virtualization effort. I got back an answer that it was too
late to change the specification. past posts mentioning dynamic pathing:
https://www.garlic.com/~lynn/2001.html#18 Disk caching and file systems. Disk history...people forget
https://www.garlic.com/~lynn/2006d.html#3 Hercules 3.04 announcement
https://www.garlic.com/~lynn/2006d.html#15 Hercules 3.04 announcement
https://www.garlic.com/~lynn/2007h.html#9 21st Century ISA goals?
https://www.garlic.com/~lynn/2007i.html#33 Internal DASD Pathing
https://www.garlic.com/~lynn/2008d.html#52 Throwaway cores
https://www.garlic.com/~lynn/2009q.html#79 Now is time for banks to replace core system according to Accenture
https://www.garlic.com/~lynn/2011k.html#86 'smttter IBMdroids
https://www.garlic.com/~lynn/2012p.html#5 What is a Mainframe?
this was also in the time-frame that the 3090 was (being forced to) doubling its channels. originally they had sized the number of 3090 channels based on assumption that disk controllers were going to be similar to 3330/3830 characteristics.
However, the disk engineers complained that they got an accountant for new head of the division and for the 3880 a really slow processor was selected because it saved a few pennies. The 3880 had special hardware path for data transfer ... but control processor was slow JIB-prime ... as a result for all control operations, start/end each channel command word, start/end operations ... it took longer elapsed time. Since the whole I/O resource (channel, controller, device) were busy for such operations (because of the end-to-end requirement of the half-duplex paradigm) ... channel busy was significantly higher than 3090 anticipated. Because of the significantly higher channel busy for every disk operation ... they figured they would need to double the number of channels ... in order to meet the target number of disk I/O ops/sec. Doubling the number of channels, required adding another (expensive) TCM to 3090 manufacturing (increasing 3090 manufacturing costs). There were jokes that 3090 was going to bill the 3880 controller group for the cost of each additional 3090 TCM.
Somewhat because of the required doubling of the number of 3090 channels (to offset the overhead latency associated with the half-duplex channel paradigm and the 3880 busy), marketing tried to spin the increase in 3090 channels as a mainframe advantage (to obfuscate it was really required to compensate for mainframe channel I/O paradigm deficiency).
In the base FCS case, FCS channel is only tied up for the actual transfer time in the specific direction ... transfer in the opposite direction goes on asynchronously as well as various control operations ... it doesn't block either direction while a remote end controller (or device) is tied up in deciding what to do. This in large part accounts for the peak z196 I/O benchmark is done with 104 FICON channels getting 2M IOPS ... even when there is recent (single) FCS announced for e5-2600 claiming over 1M IOPS (theoretically two native FCS can have higher throughput than 104 FCS when FICON is layered on top).
past posts mentioning the 3090 channel doubling requiring extra
TCM ... because of heavy channel busy time resulting from combination
of the slow 3880 controller and the half-duplex channel busy paradigm:
https://www.garlic.com/~lynn/2001m.html#25 ESCON Data Transfer Rate
https://www.garlic.com/~lynn/2002b.html#3 Microcode? (& index searching)
https://www.garlic.com/~lynn/2002f.html#11 Blade architectures
https://www.garlic.com/~lynn/2004e.html#33 The attack of the killer mainframes
https://www.garlic.com/~lynn/2004n.html#45 Shipwrecks
https://www.garlic.com/~lynn/2005e.html#13 Device and channel
https://www.garlic.com/~lynn/2005s.html#45 winscape?
https://www.garlic.com/~lynn/2005u.html#22 Channel Distances
https://www.garlic.com/~lynn/2006b.html#21 IBM 3090/VM Humor
https://www.garlic.com/~lynn/2006i.html#34 TOD clock discussion
https://www.garlic.com/~lynn/2006n.html#35 The very first text editor
https://www.garlic.com/~lynn/2006r.html#36 REAL memory column in SDSF
https://www.garlic.com/~lynn/2006y.html#43 Remote Tape drives
https://www.garlic.com/~lynn/2007f.html#53 Is computer history taught now?
https://www.garlic.com/~lynn/2007l.html#7 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007t.html#77 T3 Sues IBM To Break its Mainframe Monopoly
https://www.garlic.com/~lynn/2008d.html#52 Throwaway cores
https://www.garlic.com/~lynn/2008f.html#6 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
https://www.garlic.com/~lynn/2008g.html#10 Hannaford case exposes holes in law, some say
https://www.garlic.com/~lynn/2008i.html#10 Different Implementations of VLIW
https://www.garlic.com/~lynn/2009d.html#29 Thanks for the SEL32 Reminder, Al!
https://www.garlic.com/~lynn/2009e.html#45 Mainframe Hall of Fame: 17 New Members Added
https://www.garlic.com/~lynn/2009e.html#49 Mainframe Hall of Fame: 17 New Members Added
https://www.garlic.com/~lynn/2009e.html#50 Mainframe Hall of Fame: 17 New Members Added
https://www.garlic.com/~lynn/2009e.html#54 Mainframe Hall of Fame: 17 New Members Added
https://www.garlic.com/~lynn/2009e.html#57 Mainframe Hall of Fame: 17 New Members Added
https://www.garlic.com/~lynn/2009e.html#60 Mainframe Hall of Fame: 17 New Members Added
https://www.garlic.com/~lynn/2009l.html#60 ISPF Counter
https://www.garlic.com/~lynn/2009q.html#79 Now is time for banks to replace core system according to Accenture
https://www.garlic.com/~lynn/2010.html#86 locate mode, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010d.html#69 LPARs: More or Less?
https://www.garlic.com/~lynn/2010f.html#13 What was the historical price of a P/390?
https://www.garlic.com/~lynn/2010f.html#16 What was the historical price of a P/390?
https://www.garlic.com/~lynn/2010h.html#62 25 reasons why hardware is still hot at IBM
https://www.garlic.com/~lynn/2010i.html#2 Processors stall on OLTP workloads about half the time--almost no matter what you do
https://www.garlic.com/~lynn/2010m.html#83 3270 Emulator Software
https://www.garlic.com/~lynn/2010n.html#39 Central vs. expanded storage
https://www.garlic.com/~lynn/2011e.html#15 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/2011f.html#0 coax (3174) throughput
https://www.garlic.com/~lynn/2011f.html#32 At least two decades back, some gurus predicted that mainframes would disappear
https://www.garlic.com/~lynn/2011f.html#69 how to get a command result without writing it to a file
https://www.garlic.com/~lynn/2011h.html#74 Vector processors on the 3090
https://www.garlic.com/~lynn/2011o.html#22 3270 archaeology
https://www.garlic.com/~lynn/2011p.html#36 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2011p.html#128 Start Interpretive Execution
https://www.garlic.com/~lynn/2012c.html#23 M68k add to memory is not a mistake any more
https://www.garlic.com/~lynn/2012e.html#27 NASA unplugs their last mainframe
https://www.garlic.com/~lynn/2012e.html#54 Why are organizations sticking with mainframes?
https://www.garlic.com/~lynn/2012e.html#94 Can Mainframes Be Part Of Cloud Computing?
https://www.garlic.com/~lynn/2012i.html#95 Can anybody give me a clear idea about Cloud Computing in MAINFRAME ?
https://www.garlic.com/~lynn/2012k.html#80 360/20, was 1132 printer history
https://www.garlic.com/~lynn/2012k.html#93 S/360 I/O activity
https://www.garlic.com/~lynn/2012l.html#25 X86 server
https://www.garlic.com/~lynn/2012l.html#30 X86 server
https://www.garlic.com/~lynn/2012m.html#2 Blades versus z was Re: Turn Off Another Light - Univ. of Tennessee
https://www.garlic.com/~lynn/2012m.html#3 Blades versus z was Re: Turn Off Another Light - Univ. of Tennessee
https://www.garlic.com/~lynn/2012m.html#6 Blades versus z was Re: Turn Off Another Light - Univ. of Tennessee
https://www.garlic.com/~lynn/2012n.html#28 390 vector instruction set reuse, was 8-bit bytes
https://www.garlic.com/~lynn/2012o.html#27 Blades versus z was Re: Turn Off Another Light - Univ. of Tennessee
https://www.garlic.com/~lynn/2012p.html#5 What is a Mainframe?
https://www.garlic.com/~lynn/2012p.html#17 What is a Mainframe?
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From: lynn@garlic.com Subject: "JP MORGAN SAW ITSELF AS ABOVE THE REGULATORS" Do you agree? Date: 16 Mar 2013 Blog: Financial Crime Risk, Fraud and SecurityJPMorgan Faulted on Controls and Disclosure in Trading Loss
Levin read an account where Dimon directs the regulatory compliance department to stop providing federally mandated reports ... and then Levin asks the witnesses present was that part of standard Chase business practices.
Long ago and far away, I was at IBM San Jose Research and BofA was
buying and deploying a large number of 4300 machines (compact IBM
mainframes, numerous large corporations were buying and deploying in
branch & departmental locations, sort of the leading edge of the
coming distributed computing tsunami) ... and Jim Gray was bugging me
why I wasn't inventing new technologies for making distributed
computing easier. BofA were also one of the early adopters of RDBMS
technology ... installing the original relational/sql implementation
done at IBM San Jose Research. When Jim was leaving Research for
Tandem, he was palming a bunch of stuff on me ... including working
with BofA on their System/R operation. misc. past posts mentioning
System/R
https://www.garlic.com/~lynn/submain.html#systemr
At the time, I also had offices and labs in the IBM Los Gatos Lab
... where a lot of early ATM work was done:
https://en.wikipedia.org/wiki/IBM_3624
Years later, I was back in the bay area and stopped by grocery store. At the front of the store was somebody working on large stand-alone BofA ATM machine ... completely open and pieces here and there. I went up and talk to him. He said that he was replacing BofA's state of the art ATM intrusion and security infrastructure with a hacked together operation from Nations, when he was finished with downgrading some number of ATM machines, his job was no more; BofA no longer existed.
There were recent article that the assets of the largest national banks were 16% of GDP in the 90s ... now the assets of the few too-big-to-fail are 69% of GDP.
more cross-over with this Google+ discussion (also similar in
this linkedin group):
https://www.garlic.com/~lynn/2013d.html#4 Live-Blogging Senate Hearing Tomorrow, When J.P. Morgan Chase Will Be Torn a New One
https://www.garlic.com/~lynn/2013d.html#6 Live-Blogging Senate Hearing Tomorrow, When J.P. Morgan Chase Will Be Torn a New One
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Grid Computing (from 1May2002) Newsgroups: alt.folklore.computers Date: Sat, 16 Mar 2013 15:14:31 -0400also google+
from 1May2002
Grid Computing; Hook enough computers together and what do you get? A
new kind of utility that offers supercomputer processing on tap.
https://www.technologyreview.com/s/401444/grid-computing/
from above:
Back in the 1980s, the National Science Foundation created the NSFnet: a
communications network intended to give scientific researchers easy
access to its new supercomputer centers. Very quickly, one smaller
network after another linked in-and the result was the Internet as we
now know it. The scientists whose needs the NSFnet originally served are
barely remembered by the online masses.
... snip ...
since also morphed into cloud computing
as I've periodically mentioned, tcp/ip is the technology basis for the modern internet, nsfnet backbone was the operational basis for the modern internet and cix was the business basis for the modern internet.
originally we were to get $20M to tie together the NSF supercomputer centers, then congress cuts the budget and a few other things happened, finally NSF released an RFP. Internal politics prevents us from bidding on the RFP. The director of NSF tries to help by writing the company a letter 3Apr1986, NSF Director to IBM Chief Scientist and IBM Senior VP and director of Research, copying IBM CEO) ... but that just makes the internal politics worse (as does references like what we already have running is at least five years ahead of all RFP responses).
misc. past NSFNET related email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Query for Destination z article -- mainframes back to the future Newsgroups: bit.listserv.ibm-main Date: 16 Mar 2013 14:08:39 -0700gabe@GABEGOLD.COM (gabe@gabegold.com) writes:
I think 71 (72?) was when Amdahl gave talk in large (full) auditorium at MIT. A student in the audience asked him how did he convince the VC people to invest in his 360 clone company. His reply was that IBM customers had already spent enormous amount on 360 applications ... and even if IBM were to completely walk away from 360, that software base would be enough to keep him in business through the end of the century.
Of course Future System was starting up ... which was planned to completely replace 360 (and be radically different from 360). I've since been told that he wasn't aware of FS (even though his reference "walking away from 360" might be considered veiled reference to FS). However, the scarcity of 360/370 products during the period is credited with giving the clone processors a market foothold (FS internal politics were shutting down &/or suspending 370 efforts).
misc. past posts mentioning FS (along with some URLs to other online
FS sources):
https://www.garlic.com/~lynn/submain.html#futuresys
as i've mentioned in the past, during that period I continued to work on 360/370 stuff and periodically ridicule the FS activity.
then with the failure of FS, there was mad rush to get products back into the 370 hardware&software pipeline.
for other drift, recent posts about Amdahl and IBM ACS-360 effort
https://www.garlic.com/~lynn/2013c.html#46 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013c.html#47 What Makes an Architecture Bizarre?
more detail here:
https://people.computing.clemson.edu/~mark/acs_end.html
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Y2K hacks Newsgroups: bit.listserv.ibm-main Date: 16 Mar 2013 15:22:05 -0700edgould1948@COMCAST.NET (Ed Gould) writes:
for other trivia ... somewhat tenuous long-winded relationship between
IBM and too-big-to-fail ... this post ... mostly about recent
congressional hearings into too-big-to-fail and shortcomings of
their regulatory organizations
https://www.garlic.com/~lynn/2013d.html#4
gives brief quicky overview ... referencing this post from last
year that goes into much more detail
https://www.garlic.com/~lynn/2012g.html#82
IBM being restructured ("baby blues") in preparation to being broken up
as it was going into the red in the early 90s ... then new executive
brought in to resurrect the company ... also mentioned in this recent
post
https://www.garlic.com/~lynn/2013d.html#11
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sat, 16 Mar 2013 22:26:22 -0400Stephen Sprunk <stephen@sprunk.org> writes:
"birth date" has frequently been used as a something you know
authentication .... from 3-factor authentication paradigm
• something you have
• something you know
• something you are
past posts
https://www.garlic.com/~lynn/subintegrity.html#3factor
recent post mentioning ATM machines, pin-number compromise
https://www.garlic.com/~lynn/2013d.html#1 IBM Mainframe (1980's) on You tube
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Query for Destination z article -- mainframes back to the future Newsgroups: bit.listserv.ibm-main Date: 17 Mar 2013 08:48:58 -0700lynn@GARLIC.COM (Anne & Lynn Wheeler) writes:
end of above article has two "sidebars" ... one on multithreading and the other that some of the features from acs-360 (from the late 60s) show up for the es/9000 in the early 90s.
i've pontificated before about getting sucked into participating some in the mid-70s on multithreaded design for the 370/195 (that never got announced). the 370/195 case was that conditional branches drained the pipeline ... and most codes would only achieve about half 370/195 throughput (because of the pipeline drain, conditional branches also discussed in the acs-360 article) ... having two independent instruction streams (each running at half 370/195 thruoughput) had chance of keeping execution units operating at full capacity.
other from acs-360 article:
over a three-month period, Amdahl convinces Earle that a S/360 version
of ACS will be faster than the ACS-1; Amdahl and Earle sketch out a
design that has 2/3 the cycle time of ACS-1 (8 nsec vs. 12.5 nsec) and
that is overall 15% faster and requires 15% less hardware; their design
is designated AEC/360 (or AEC-360) for Amdahl-Earle Computer
... snip ...
from this (mostly discussion of failed future system):
http://www.jfsowa.com/computer/memo125.htm
The 370 emulator minus the FS microcode was eventually sold in 1980 as
the IBM 3081. The ratio of the amount of circuitry in the 3081 to its
performance was significantly worse than other IBM systems of the
time; its price/performance ratio wasn't quite so bad because IBM had
to cut the price to be competitive. The major competition at the time
was from Amdahl Systems -- a company founded by Gene Amdahl, who left
IBM shortly before the FS project began, when his plans for the
Advanced Computer System (ACS) were killed. The Amdahl machine was
indeed superior to the 3081 in price/performance and spectaculary
superior in terms of performance compared to the amount of circuitry.]
... snip ...
above references general ACS with overview:
https://people.computing.clemson.edu/~mark/acs.html
also in acs-end article (from Amdahl interview):
The single highest speed computer was a loss leader. The second smaller
computer added made a break-even program. Adding the third even smaller
computer came out with normal profit! IBM management decided not to do
it, for it would advance the computing capability too fast for the
company to control the growth of the computer marketplace, thus reducing
their profit potential. I then recommended that the ACS lab be closed,
and it was.
... snip ...
past FS posts:
https://www.garlic.com/~lynn/submain.html#futuresys
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Query for Destination z article -- mainframes back to the future Newsgroups: bit.listserv.ibm-main Date: 17 Mar 2013 11:59:46 -0700shmuel+gen@PATRIOT.NET (Shmuel Metz , Seymour J.) writes:
old ibm-main lcs disucssion (from 2008) archived at google groups:
https://groups.google.com/forum/?fromgroups=#!topic/bit.listserv.ibm-main/0ff2kH5_pcs
Cornell LCS reference (from above)
http://yaleglobal.yale.edu/display.article?id=9828
and from same thread ... google book reference
http://books.google.com/books?id=MFGj_PT_clIC&pg=PA201&lpg=PA201&dq=ampex+lcs+ibm+memory&source=web&ots=ZEmo1aj1cO&sig=2ZC1KCUBgSm-Dnfx61fKOK-UaKk#v=onepage&q=ampex%20lcs%20ibm%20memory&f=false
section 4.2 "Main Memory Solutions" ... table 4.1, pg. 195, followed by LCS discussion on pg. 198
pg. 201:
Under Pressure from Dick Watson to obtain vendor technologies, John
Gibson negotiated a contract in February 1965 in which Ampex was to
supply fifty 2-megabyte LCS units by the end of 1966 for one and half
cents per bit -- half the price of their original offer
... snip ...
my posts in the 2008 ibm-main thread (referenced above)
https://www.garlic.com/~lynn/2008.html#49 IBM LCS
https://www.garlic.com/~lynn/2008.html#51 IBM LCS
https://www.garlic.com/~lynn/2008.html#58 IBM LCS
other recent posts in this thread:
https://www.garlic.com/~lynn/2013c.html#90 Query for Destination z article -- mainframes back to the future
https://www.garlic.com/~lynn/2013d.html#0 Query for Destination z article -- mainframes back to the future
https://www.garlic.com/~lynn/2013d.html#2 Query for Destination z article -- mainframes back to the future
https://www.garlic.com/~lynn/2013d.html#13 Query for Destination z article -- mainframes back to the future
https://www.garlic.com/~lynn/2013d.html#15 Query for Destination z article -- mainframes back to the future
https://www.garlic.com/~lynn/2013d.html#19 Query for Destination z article -- mainframes back to the future
https://www.garlic.com/~lynn/2013d.html#20 Y2K hacks
https://www.garlic.com/~lynn/2013d.html#22 Query for Destination z article -- mainframes back to the future
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From: lynn@garlic.com Subject: "JP MORGAN SAW ITSELF AS ABOVE THE REGULATORS" Do you agree? Date: 17 Mar 2013 Blog: Financial Crime Risk, Fraud and Securityre:
and x-over from the live-blogging discussion
Live Blogging JP Morgan Senate Hearing -- a Rogue Institution
on the Hot Seat
http://www.nakedcapitalism.com/2013/03/live-blogging-jp-morgan-senate-hearing-a-rogue-institution-on-the-hot-seat.html
from above:
"McCain stressed how JPM completely disregarded risk limits, deceived
federal regulators, and developed business model that depended
assumption that the bank was too big to fail. Both McCain and Levin
hammered on how the JPM illustrated much bigger problems about how JPM
and other banks routinely gamed risk limits and used guaranteed
deposits to gamble rather than support the real economy."
... snip ...
re:
https://www.garlic.com/~lynn/2013d.html#4 Live-Blogging Senate Hearing Tomorrow, When J.P. Morgan Chase Will Be Torn a New One
https://www.garlic.com/~lynn/2013d.html#6 Live-Blogging Senate Hearing Tomorrow, When J.P. Morgan Chase Will Be Torn a New One
At celebration for Jim Gray at Berkeley (after his disappearance)
... part of the testimonial was his formalization of transactions is
fundamental to financial dataprocessing, cash machines and electronic
commerce.
http://bits.blogs.nytimes.com/2008/05/31/a-tribute-to-jim-gray-sometimes-nice-guys-do-finish-first/
Jim was also fundamental in creation of TPC
https://www.tpc.org/information/who/gray5.asp
As electronic transactions were emerging in the 60s&70s, there wasn't a network infrastructure to carry the operations ... as a result, a large number of VANS (value added networks) sprung up, including some number of payment transaction VANS. However, with the rise of the internet in the 90s ... the VANS were obsoleted and have been disappearing.
In the mid-90s, the payment industry was extremely worried that the telcos would take over the payment industry. The issue at the time was that predicted micro-payment volumes were so large that they could only be handled by the telco cellphone transaction infrastructures (standard financial industry operations weren't capable of handling the projected volumes). As it turned out, the expected micro-payment volumes didn't happen ... and the telco forays into payment industry ran into problems because they hadn't sufficiently prepared for the handling of fraud and disputes. As a result, by the start of the century, most of the telco/cellphone movement into payments had significantly pulled back (to wait for another day).
Part of this was that the telco/cellphone industry had strongly supported the invention and development of "in-stoage" transaction DBMS ... for cellphone call/billings ... that dramatically increased the volumes that they could handle. In the past decade, some of the financial payment infrastructures have deployed such technology to better position for any dramatic increase in volumes that might happen as result of mobile transactions
oh ... and the rise of the internet:
Grid Computing; Hook enough computers together and what do you get? A
new kind of utility that offers supercomputer processing on tap.
https://www.technologyreview.com/s/401444/grid-computing/
from above:
Back in the 1980s, the National Science Foundation created the NSFnet:
a communications network intended to give scientific researchers easy
access to its new supercomputer centers. Very quickly, one smaller
network after another linked in-and the result was the Internet as we
now know it. The scientists whose needs the NSFnet originally served
are barely remembered by the online masses.
... snip ...
since also morphed into cloud computing
as I've periodically mentioned, tcp/ip is the technology basis for the modern internet, nsfnet backbone was the operational basis for the modern internet and cix was the business basis for the modern internet.
originally we were to get $20M to tie together the NSF supercomputer centers, then congress cuts the budget and a few other things happened, finally NSF released an RFP. Internal politics prevents us from bidding on the RFP. The director of NSF tries to help by writing the company a letter 3Apr1986, NSF Director to IBM Chief Scientist and IBM Senior VP and director of Research, copying IBM CEO) ... but that just makes the internal politics worse (as does references like what we already have running is at least five years ahead of all RFP responses).
misc. past NSFNET related email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
... and in the early 90s, we were brought in as consultants to a small client/server startup that wanted to do payment transactions on their server; the startup had also invented this technology called "SSL" they wanted to use; the result is now frequently called e-commerce. As part of doing this stuff called e-commerce ... we had to map the "SSL" technology to the payment business processes. We also had do audit and walk-thru of "SSL" technology as well as these new businesses selling "SSL" digital certificates. As part of that we generated several recommendations/policies about the deployment and use of "SSL" ... some number almost immediately violated ... which account for some number of exploits that continue to this day.
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From: lynn@garlic.com Subject: Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing Date: 18 Mar 2013 Blog: Financial Crime Risk, Fraud and SecuritySenator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
from above:
The spectacle of warped law enforcement grew worse today during the
Senate Banking confirmation hearing of Mary Jo White to head the
Securities and Exchange Commission. Under questioning by Senator
Sherrod Brown (D-Ohio), White admitted that even the economy of a
foreign country -- like Japan -- is taken into consideration before
bringing a criminal indictment in the U.S. Even worse, White was
forced to admit that while working for the U.S. Department of Justice
as the U.S. Attorney for the Southern District of New York (from 1993
to 2002), she considered it appropriate to speak with Larry Summers (a
Treasury Secretary in the Clinton administration) to weigh the
economic impact of bringing an indictment.
... snip ...
In the wake of ENRON and WORLDCOM, Sarbanes-Oxley required that SEC look into the rating agencies and also gave SEC additional powers supposedly to prevent any future ENRON/WORLDCOM (although supposedly they already had the power to prevent such events). Possibly because even GAO didn't think SEC was doing anything, it started doing reports of public company fraudulent financial filings ... showing an increase in fraudulent filings even after Sarbanes-Oxley.
Rating agencies played a pivotal role in the financial mess of the last decade ... and SEC appears to have done little or nothing there also. Mortgages and loans previously had mostly been done by regulated depository institutions using deposit and the business model was profit off the monthly payments. During the S&L crisis, there had been some use of securitized mortigages to obfuscate fraudulent transactions ... but there was little market for the instruments.
The start of this century, mostly unregulated loan orginators found that they could pay rating agencies for triple-A ratings (even when both the sellers and the rating agencies knew they weren't worth triple-A, from the Oct2008 congressional hearings) ... giving them access to those institutions restricted to dealing in safe instruments (like large institutional retirement funds).
This also changed the mortgage business model from focus on monthly payments to enormous wallstreet commissions and fees on the triple-A rated toxic CDOs ... which exploded to over $27T done during the bubble (with wallstreet possibly skimming $4T-$5T). Both the FED and the SEC appear to have looked the other way as the mortgage market morphed into an enormous walltreet transaction bonanza. There are claims that wallstreet tripled in size (as percent of GDP) during the bubble. The assets of the large financial institutions increased in value from equivalent to 19% of GDP (in the 90s) to currently the few too-big-to-fail assets equivalent to 69% of GDP.
reference to gao reports of public company financial filings showing
increase in fraudulent filings ... even after Sarbanes-Oxley
http://www.gao.gov/products/GAO-03-395R
http://www.gao.gov/products/GAO-06-678
https://www.gao.gov/products/gao-06-1079sp
reference to over $27T 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
any reference to all americans owning dream home has been obfuscation and misdirection ... the objective was to generate large securitized mortgage transaction business for the associated fees and commissions ... some properties possibly flipping several times during the bubble. The extreme focus on maximizing the number & size of transactions (for the associated fees & commissions) would result in liar loans, no-documentation loans, no-down loans ... w/o regard to the borrowers qualifications and/or loan quality (in large part because everything was guaranteed a triple-A rating). Documentation and income verification just slowed down the speed that the transactions could be generated.
Preserving and enhancing wallstreet also shows up in all the recent too-big-to-fail and mortgage whistleblower discussions/threads ... interests of individual home owners constantly being sacrificed for the benefit of the too-big-to-fail ... this wasn't a recent regulatory culture change ... but has been a long-term problem. The issue of regulatory agency capture by wallstreet ... and as a result little or no regard for the rest of the country, predates the current financial mess.
The over $27T done during the bubble was twice GDP and the wallstreet skim was major factor in the claim that wallstreet tripled in size (as percent of GDP) during the bubble.
Major contributor in rise of too-big-to-fail ... was repeal of Glass-Steagall ... which had kept the safety&soundness of regulated depsoitory institutions separate from risky investment banking. Some of the recent JPMorgan articles reference it using insured deposits in risky CDS gambling bets.
Current, real-time tv business news saying street is commenting about claims about JPMorgan getting into trouble was because it had the wrong risk limits .... is now known to be obfuscation and misdirection ... that they had the correct risk limits in place ... but were being directed by top executives to ignore them ... several comments about can anything from JPMorgan being able to be taken at face value.
Somewhere along the line, the federal reserve claimed that it had been printing money and providing it free to the too-big-to-fail in anticipation that the too-big-to-fail would lend it to mainstreet ... spurring an economic recovery. However, they found that too-big-to-fail weren't lending it to mainstreet, but buying treasuries (and the federal reserve had no way of forcing too-big-to-fail to lend the money to mainstreet), and using the profits on the spread to pay enormous bonuses. Possible questions are 1) did the federal reserve ever actually believe that too-big-to-fail would use the free money to revitalize mainstreet and 2) when they found out that too-big-to-fail weren't doing what they claimed was expected, why are they continuing to provide the free money.
recent posts mentioning over $27T in transactions during bubble:
https://www.garlic.com/~lynn/2013.html#0 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2013.html#34 How Bankers Help Drug Traffickers and Terrorists
https://www.garlic.com/~lynn/2013.html#49 Insider Fraud: What to Monitor
https://www.garlic.com/~lynn/2013.html#51 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#62 Taleb On "Skin In The Game" And His Disdain For Public Intellectuals
https://www.garlic.com/~lynn/2013.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#44 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#46 Bankers Who Made Millions In Housing Boom Misled Investors: Study
https://www.garlic.com/~lynn/2013b.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#66 How to Cut Megabanks Down to Size
recent posts mentioning Sarbanes-Oxley and/or GAO reports on
fraudulent public company financial filings
https://www.garlic.com/~lynn/2013.html#0 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2013.html#4 HSBC's Settlement Leaves Us In A Scary Place
https://www.garlic.com/~lynn/2013.html#42 Professor Coffee Hits a Nerve at SEC
https://www.garlic.com/~lynn/2013.html#49 Insider Fraud: What to Monitor
https://www.garlic.com/~lynn/2013.html#60 Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House
https://www.garlic.com/~lynn/2013.html#62 Taleb On "Skin In The Game" And His Disdain For Public Intellectuals
https://www.garlic.com/~lynn/2013b.html#4 Libor Lies Revealed in Rigging of $300 Trillion Benchmark
https://www.garlic.com/~lynn/2013b.html#30 Email Trails Show Bankers Behaving Badly
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#39 The Alchemy of Securitization
https://www.garlic.com/~lynn/2013b.html#41 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#70 Implementing a Whistle-Blower Program - Detecting and Preventing Fraud at Workplace
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Mon, 18 Mar 2013 09:44:58 -0400nmm1 writes:
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: a long time ago, was What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Tue, 19 Mar 2013 09:09:02 -0400John Levine <johnl@iecc.com> writes:
from above:
There was one kind of funny problem with this long decline of CTSS:
every year, there was a fire drill as we tried to remember what you had
to do to create a system for the next year. The Chronolog clock attached
to tape channel E of the machine provided a date and time in BCD, but
without the year; that came from a constant in the supervisor, and each
year we had to recompile one small module, and relink the supervisor,
the salvager, and a few other standalone utilities. As the original CTSS
crew gradually moved on to other jobs, fewer and fewer people knew how
to carry out this task, but we always managed to figure out how. And
each year, we considered making the constant a configuration item
somehow, and decided not to bother, because the system wouldn't last
another year.
... snip ...
it was even provided as simulated psuedo "TIMR" device in virtual
machine implementation. old a.f.c. discussion of this
https://www.garlic.com/~lynn/2006x.html#47
... and on pg. 52
Figure 4. Example of a Virtual CP-67 Directory
...
OPERATOR USER CSC ,A6230 ,A,5
CORE 256K
UNIT 009,1052
UNIT 00C,2540R
UNIT 00D,2540P
UNIT 00E,1403
UNIT 0FF,TIMR < ---------
UNIT 190,2314,CMS190,000,053,RDONLY
UNIT 191,2314,SRG001,020,022
UNIT 19A,2314,19ASYS,000,053,RDONLY
*EOU*
... snip ...
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing Date: 19 Mar 2013 Blog: Financial Crime Risk, Fraud and Securityre:
When You Weren't Looking, Democrat Bank Stooges Launch Bills
to Permit Bailouts, Deregulate Derivatives
http://www.nakedcapitalism.com/2013/03/when-you-werent-looking-democrat-bank-stooges-launch-bills-to-permit-bailouts-deregulate-derivatives.html
from above:
In the US, depositors have actually been put in a worse position than
Cyprus deposit-holders, at least if they are at the big banks that
play in the derivatives casino. The regulators have turned a blind eye
as banks use their depositaries to fund derivatives exposures. And as
bad as that is, the depositors, unlike their Cypriot confreres,
aren't even senior creditors. Remember Lehman? When the
investment bank failed, unsecured creditors (and remember, depositors
are unsecured creditors) got eight cents on the dollar. One big reason
was that derivatives counterparties require collateral for any
exposures, meaning they are secured creditors. The 2005 bankruptcy
reforms made derivatives counterparties senior to unsecured
lenders. Lehman had only two itty bitty banking subsidiaries, and to
my knowledge, was not gathering retail deposits. But as readers may
recall, Bank of America moved most of its derivatives from its Merrill
Lynch operation its depositary in late 2011.
... snip ...
and move of derivatives to FDIC insurance
US Deposits In Perspective: $25 Billion In Insurance, $9,283 Billion
In Deposits; $297,514 Billion In Derivatives
http://www.zerohedge.com/news/2013-03-19/us-deposits-perspective-25-billion-insurance-9283-billion-deposits-297514-billion-de
... but also the best congress that money can buy ... with sufficient money ... just pay the lawmakers to change the laws & regulations to what you want to do.
Eisenhower wrote his goodby speech to warn about the military-industrial-congressional complex ... but dropped "congressional" in the actual speech. Now we also have the financial-regulatory-congressional complex (and the pharmaceutical-regulatory-congressional complex, MICC, FRCC, PRCC).
I periodically mentioned that Jan2009 I was asked to HTML'ize the Pecora Hearings (30s hearings into the '29 crash, had been scanned the fall before at Boston Public Library), with lots of internal x-links and URLs corresponding to what happened this time and what happened then (some assumption that the new congress would have some appetite to do something). After working on it for awhile, I got a call that it wouldn't be needed (reference to enormous piles of wallstreet money blanketing capital hill)
misc. recent posts mentioning Pecora Hearings:
https://www.garlic.com/~lynn/2013.html#21 AIG may join bailout lawsuit against U.S. government
https://www.garlic.com/~lynn/2013.html#51 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#57 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#41 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013c.html#66 How to Cut Megabanks Down to Size
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: Bank Holiday In Cyprus Date: 19 Mar 2013 Blog: Financial CryptographyBank Holiday In Cyprus
...
When You Weren't Looking, Democrat Bank Stooges Launch Bills to Permit
Bailouts, Deregulate Derivatives
http://www.nakedcapitalism.com/2013/03/when-you-werent-looking-democrat-bank-stooges-launch-bills-to-permit-bailouts-deregulate-derivatives.html
from above:
In the US, depositors have actually been put in a worse position than
Cyprus deposit-holders, at least if they are at the big banks that
play in the derivatives casino. The regulators have turned a blind eye
as banks use their depositaries to fund derivatives exposures. And as
bad as that is, the depositors, unlike their Cypriot confreres, aren't
even senior creditors. Remember Lehman? When the investment bank
failed, unsecured creditors (and remember, depositors are unsecured
creditors) got eight cents on the dollar. One big reason was that
derivatives counterparties require collateral for any exposures,
meaning they are secured creditors. The 2005 bankruptcy reforms made
derivatives counterparties senior to unsecured lenders. Lehman had
only two itty bitty banking subsidiaries, and to my knowledge, was not
gathering retail deposits. But as readers may recall, Bank of America
moved most of its derivatives from its Merrill Lynch operation its
depositary in late 2011.
... snip ...
and move of derivatives to FDIC insurance
US Deposits In Perspective: $25 Billion In Insurance, $9,283 Billion
In Deposits; $297,514 Billion In Derivatives
http://www.zerohedge.com/news/2013-03-19/us-deposits-perspective-25-billion-insurance-9283-billion-deposits-297514-billion-de
other recent
Gaming the Cyprus Negotiations (Updated)
http://www.nakedcapitalism.com/2013/03/gaming-the-cyprus-negotiations.html
Will Cyprus Become Creditanstalt 2.0?
http://www.nakedcapitalism.com/2013/03/will-cyprus-become-creditanstalt-2-0.html
Cyprus: The Next Blunder
http://www.nakedcapitalism.com/2013/03/cyprus-the-next-blunder.html
recent (closed, linkedin) "Financial Crime Risk, Fraud and Security" posts
https://www.garlic.com/~lynn/2013.html#4 HSBC's Settlement Leaves Us In A Scary Place
https://www.garlic.com/~lynn/2013.html#34 How Bankers Help Drug Traffickers and Terrorists
https://www.garlic.com/~lynn/2013.html#35 Does the UK Government Really Want us to Report Fraud?
https://www.garlic.com/~lynn/2013.html#36 JPMorgan Chase slammed by regulators for control failings after botched derivatives bet
https://www.garlic.com/~lynn/2013.html#41 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013.html#42 Professor Coffee Hits a Nerve at SEC
https://www.garlic.com/~lynn/2013.html#49 Insider Fraud: What to Monitor
https://www.garlic.com/~lynn/2013.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#51 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#57 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#73 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#0 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#9 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#12 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#16 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#27 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#30 Email Trails Show Bankers Behaving Badly
https://www.garlic.com/~lynn/2013b.html#36 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#47 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#48 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#53 Should Bethany McLean Be Bothered by the Government Lawsuit Against S&P?
https://www.garlic.com/~lynn/2013b.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#64 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#65 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#70 Implementing a Whistle-Blower Program - Detecting and Preventing Fraud at Workplace
https://www.garlic.com/~lynn/2013b.html#74 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#2 Legal Lessons from PATCO Fraud Case
https://www.garlic.com/~lynn/2013c.html#3 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#5 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#6 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#7 LIBOR: Viewing the Biggest Financial Crime in History
https://www.garlic.com/~lynn/2013c.html#12 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#18 WhistleWatch -- Blog Archive -- Former Top Federal Whistleblower Protector Scott Bloch, Esq. Pleads Guilty to Destruction of Government Property
https://www.garlic.com/~lynn/2013c.html#19 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#26 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#39 NPC Luncheon with Thomas Drake, NSA Whistleblower
https://www.garlic.com/~lynn/2013c.html#42 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#43 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#55 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#58 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#61 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#82 Retailer Sues Visa Over $13 Million "Fine" for Being Hacked
https://www.garlic.com/~lynn/2013d.html#17 "JP MORGAN SAW ITSELF AS ABOVE THE REGULATORS" Do you agree?
https://www.garlic.com/~lynn/2013d.html#24 "JP MORGAN SAW ITSELF AS ABOVE THE REGULATORS" Do you agree?
https://www.garlic.com/~lynn/2013d.html#25 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
https://www.garlic.com/~lynn/2013d.html#28 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: A Matter of Mindset: Iraq Date: 20 Mar 2013 Blog: Facebookre:
this mentions Baqubah (upthread "Killing Our Way Out"), "Invisible
Armies"
https://www.amazon.com/Invisible-Armies-History-Guerrilla-ebook/dp/B007P9M034/
pg532/loc9023-25:
The organization that Zarqawi built was strong enough to survive his
own death; he was killed by a pair of bombs dropped by an F-16 on June
7, 2006, after having been tracked down to a safe house outside
Baqubah by the U.S. Joint Special Operations Command.
... snip ...
several articles recently about members of the former administration
finger pointing at each other. this is a little more charitable to
former president, pg533/loc9044-48:
But at the end of 2006, after more than three years of drift,
President Bush made an unpopular decision to turn around a failing war
effort. Over the opposition of the Joint Chiefs of Staff and most
lawmakers, he decided to send 20,000 more troops to Iraq-- a figure
that would eventually grow to 30,000. At the same time he made a clean
sweep of his Iraq team. Out went Secretary of Defense Donald Rumsfeld,
General John Abizaid, the head of Central Command, and General George
Casey, the senior officer in Iraq: all of the architects of the worst
disaster in American military history since Vietnam. In an echo of
Westmoreland's fate, Casey was elevated to become army chief of
staff.
... snip ...
recent posts referencing Westmoreland:
https://www.garlic.com/~lynn/2012.html#25 You may ask yourself, well, how did I get here?
https://www.garlic.com/~lynn/2012i.html#64 Early use of the word "computer"
https://www.garlic.com/~lynn/2012l.html#44 Preparing for War with China
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: Bank Whistleblower Claims Retaliation And Wrongful Termination Date: 20 Mar 2013 Blog: Financial Crime Risk, Fraud and SecurityBank Whistleblower Claims Retaliation And Wrongful Termination
...
I always wonder how many of those organizations are decoys ... setup to sidetrack &/or diffuse whistleblowers.
POGO now has winslow wheeler (no relationship) ... has been considered
part of the reform movement ... along with other Boyd acolytes
... disclaimer I used to sponsor Boyd's briefings at IBM (started
30yrs ago after the front-page spinney article in time)
http://nation.time.com/2013/02/28/it-was-30-years-ago-today/
related to housing: Housing Bubble II -- But This Time It's Different
http://www.nakedcapitalism.com/2013/03/wolf-richter-housing-bubble-ii-but-this-time-its-different.html
aka ... in the congressional Madoff hearings, they had the person that tried unsuccessfully for a decade to get SEC to do something about Madoff. He testified that tips turn up 13 times more fraud than audits ... and that SEC didn't have a TIP line.
He also wouldn't appear for interviews; finally a legal representative showed up and said the person was concerned that he might be in physical danger; that plausible justification that SEC wouldn't do anything about Madoff (until they were forced to when Madoff turned himself) was that both Madoff and the SEC were under the influence of criminal elements. A year later on a book tour, he said he had changed his mind, that Madoff turned himself in looking for gov. protection (having defrauded some criminal elements) ... but no explanation still why SEC didn't do anything.
During the period when Sarbanes-Oxley bill was being debated ... there were snide comments that all the onerous audits were really a gift to the audit industry (after their bad reputation from the ENRON/WORLDCOM incidents) ... and all the claims about auditors and top executives doing jail time was just smoke, obfuscation, and misdirection. There was some opinion expressed that the SOX whistleblower provisions might contribute something .... but that would also have required SEC to do something.
recent posts mentioning whistleblowers
https://www.garlic.com/~lynn/2013.html#41 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013.html#73 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#0 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#9 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#16 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#27 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#36 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#47 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#64 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#70 Implementing a Whistle-Blower Program - Detecting and Preventing Fraud at Workplace
https://www.garlic.com/~lynn/2013c.html#6 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#18 WhistleWatch -- Blog Archive -- Former Top Federal Whistleblower Protector Scott Bloch, Esq. Pleads Guilty to Destruction of Government Property
https://www.garlic.com/~lynn/2013c.html#19 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#26 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#39 NPC Luncheon with Thomas Drake, NSA Whistleblower
https://www.garlic.com/~lynn/2013c.html#43 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#45 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
https://www.garlic.com/~lynn/2013c.html#58 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013d.html#25 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: IBM Mainframe (1980's) on You tube Newsgroups: bit.listserv.ibm-main Date: 20 Mar 2013 07:42:57 -0700jayarelim@HOTMAIL.COM (J R) writes:
Last decade, I had done design for new security chip and was looking at having it fab'ed at a new secure facility in Dresden.
In the 90s, I had semi-facetiously commented that I would take a $500 mil-spec chip, aggresively cost-reduce it by 2-3 orders of magnitude while improving the integrity.
In walk-through/audit of the facility, they wanted to charge me several cents to have HSM generate public-key pair and inject it into the chip (also added a couple minutes to processing for each chip)
Since I wanted the chip well under a dollar, that several cents were significant. I pointed out that the chip had a secure key generation incorporated into the power-on/test cycle ... and wouldn't need HSM processing (or the elapsed time). The secure key generation during power-on/test cycle actually speeded up the power-on/test sequence and the generated public key was exported as part of the power-on/test sequence validation data (the private key would never be exported). Not only wouldn't I need the HSM, extra time & cost ... but shouldn't I get a credit for speeding up the power-on/test sequence (as an aside, after power-on/test sequence ... those circuits get destroyed).
reference to bunch of patents on the subject
https://www.garlic.com/~lynn/x959.html#aads
old email discussing pgp-like public key email on the internal network
https://www.garlic.com/~lynn/2007d.html#email810506
https://www.garlic.com/~lynn/2006w.html#email810515
other old email about public key ... mentioning
The current MVS
Cryptographic Subsystem key management scheme is a perfect example of
the morass that faces us in 'automatically' managing keys
https://www.garlic.com/~lynn/2007d.html#email841218
and another quote
which, to SNA product developers always seem to be
either inept, uninformed, or irrelevant
https://www.garlic.com/~lynn/2007b.html#email841226
mentions cost of racal box ... would contribute to getting me involved
as mentioned in post upthread, I wanted under $100, and capable of
3mbyte/sec ... this mentions $3,200/box running 128kbit/sec
https://www.garlic.com/~lynn/2006.html#email850701
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: IBM Spent A Million Dollars Renovating And Staffing Its Former CEO's Office Date: 20 Mar 2013 Blog: IBMersalso discussion in Google+
IBM Spent A Million Dollars Renovating And Staffing Its Former CEO's Office
http://www.businessinsider.com/sam-palmisano-ibm-office-2013-3
recent tomes on previous executives ... starting with IBM's downward slide after Future System fiasco ... until going into the red when corporation was being restructured into "baby blues" as part of being slit up
"Ethernet at 40" contributing to the company sliding into the red
... on linkedin
http://lnkd.in/xJrYGh .
http://lnkd.in/SMzJrv .
and google+
https://plus.google.com/u/0/102794881687002297268/posts/YSSBbAaC5Ec .
IBM "baby blues" ... restructuring in preparation for splitup
http://lnkd.in/64w-BG .
above also references quotes about major change in corporate culture after failure of Future System
then new executive brought in to resurrect the company (instead of
split up) ... some earlier history
https://plus.google.com/u/0/102794881687002297268/posts/bjQgvXFwEGZ
reports during the bubble that the ratio of top executive to avg worker compensation (in US corporations) exploded to avg 400:1 (after having been 20:1 for a long time and 10:1 in most of the rest of the world), in some places, even spiking over 1000:1. claims that it started in the 90s with executives offshoring and raiding employee retirement plans so they could pocket the proceeds.
recent d posts:
https://www.garlic.com/~lynn/2012k.html#9 Sandy Weill's About-Face on Big Banks
https://www.garlic.com/~lynn/2012p.html#61 What is holding back cloud adoption?
https://www.garlic.com/~lynn/2012p.html#63 Today in TIME Tech History: Piston-less Power (1959), IBM's Decline (1992), TiVo (1998) and More
https://www.garlic.com/~lynn/2013.html#76 mainframe "selling" points
https://www.garlic.com/~lynn/2013b.html#3 New HD
https://www.garlic.com/~lynn/2013b.html#31 Ethernet at 40: Its daddy reveals its turbulent youth
https://www.garlic.com/~lynn/2013b.html#32 Ethernet at 40: Its daddy reveals its turbulent youth
https://www.garlic.com/~lynn/2013b.html#33 Ethernet at 40: Its daddy reveals its turbulent youth
https://www.garlic.com/~lynn/2013b.html#34 Ethernet at 40: Its daddy reveals its turbulent youth
https://www.garlic.com/~lynn/2013b.html#40 Ethernet at 40: Its daddy reveals its turbulent youth
https://www.garlic.com/~lynn/2013b.html#56 Dualcase vs monocase. Was: Article for the boss
https://www.garlic.com/~lynn/2013b.html#59 Dualcase vs monocase. Was: Article for the boss
https://www.garlic.com/~lynn/2013b.html#63 NBC's website hacked with malware
https://www.garlic.com/~lynn/2013c.html#27 Ethernet at 40: Its daddy reveals its turbulent youth
https://www.garlic.com/~lynn/2013c.html#53 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#11 relative mainframe speeds, was What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#20 Y2K hacks
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM Mainframe (1980's) on You tube Newsgroups: bit.listserv.ibm-main Date: Wed, 20 Mar 2013 17:48:45 -0400elardus.engelbrecht@SITA.CO.ZA (Elardus Engelbrecht) writes:
in the fab ... while still wafer ... a couple thousand chips ... connections are lowered to chip test contact points for initial power-on/test ... after test ... this area gets destroyed so can no longer be used. chips that fail the test are marked for dustbin. standard procedure for security chips.
wafer then is sliced and diced into individual chips ... failed chips
are disposed of. chip wafer reference:
https://en.wikipedia.org/wiki/Wafer_%28electronics%29
Added public/private keygen to power-on/test sequence ... saved the key-pair on chip and exported public key as part of power-on/test data. that area of the chip was then crippled.
Part of going to under a dollar was minimizing number of circuits needed for security functions. The problem was wafer slice&dice was done by sawing ... and as size of circuits shrank ... but number of circuits per chip didn't increase ... then limiting factor on increasing number of chips/wafer was the size of the cut made by sawing (i.e. wafer saw cut was becoming larger wafer area than total chip area). This was also problem for new generations of RFID chips (EPC ... to replace scanned barcodes) ... effectively number of circuits/chip was comparable to RFID chips. RFID industry did innovate and come up with significant reduction in the wafer cut area ... allowing chips per wafer to see large increase.
epc reference
https://en.wikipedia.org/wiki/Electronic_Product_Code
rfid chip reference
https://en.wikipedia.org/wiki/Radio-frequency_identification
with wafer production costs effectively fixed, per chip becomes wafer-cost/(number of chips/wafer) ... especially if you can eliminate post fab, per chip process steps. size of circuits decrease by factor of four, number of chips/wafer go up nearly factor 16 (and therefor cost/chip declines by factor of 16 ... modulo post-fab per-chip process steps)
it has also been part of the justification for going from 6in to 12in wafers ... wafer area (and therefor chips/wafer) is pi*r**2 ... doubling the diameter(radius), guadruples the area (and increase nearly four times the number of chips).
Both were happening while I was working on the security chip ... seeing possibility of 64 times increase in the number of chips/wafer (while cost per wafer stayed about the same). I previously had eliminated all the circuits that weren't related to security functions getting nearly factor of 20 times reduction in number of necessary circuits for security functions (i.e. vendors were creating extremely bloated chip designs as part of trying to justify enormous markups). Initially actually seeing better than 1000 times increase in chips/wafer was limited by wafer slice&dicing technology.
with dramatic increase in chips/wafer (along with dramatic reduction in that component of cost/chip), then post fab "per-security-chip" processing started to dominate ... which was the next area that had to be addressed (part of which was doing keygen during power-on/test).
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: Ex-Bailout Watchdog: JPMorgan's Actions "Entirely Consistent With Fraud" Date: 20 Mar 2013 Blog: Financial Crime Risk, Fraud and SecurityEx-Bailout Watchdog: JPMorgan's Actions "Entirely Consistent With Fraud"
Ex-Bailout Watchdog: JPMorgan's Actions 'Entirely Consistent With Fraud'
http://www.huffingtonpost.com/2013/03/15/neil-barofsky-jpmorgan_n_2884506.html
Neil Barofsky: $JPM's Accounting Process Appears Entirely Consistent With Fraud
http://ibankcoin.com/news/2013/03/16/neil-barofsky-jpms-accounting-process-appears-entirely-consistent-with-fraud/
The Spectacular Rise and Fall of Jamie Dimon, Wall Street's Golden
Boy; More than just a tawdry tale, Dimon's demise is a critique of the
American Dream.
http://www.alternet.org/economy/spectacular-rise-and-fall-jamie-dimon-wall-streets-golden-boy
has a little of IBM flavor to it.
Relax! They've Got It Covered; Why Jamie Dimon's $2 Billion Gambling
Loss Will NOT Speed Financial Reform
http://www.counterpunch.org/2012/05/15/why-jamie-dimons-2-billion-gambling-loss-will-not-speed-financial-reform/
the above includes this reference:
Back in 1986, Dimon was the bright young protege of "Sandy" Weill,
when he was forced out of American Express in a coup de requin. Master
and servant made their way to Baltimore, Maryland, where Weill
acquired a storefront moneylending firm called Commercial Credit.
... snip ...
above also refers to Commercial Credit as loan sharking operation. Sandy was in competition with Gerstner to be next CEO of AMEX, Sandy looses and leaves.
KKR and AMEX later are in competition for RJR, KKR wins. KKR has trouble and hires Gerstner away for the turn around. IBM is going into the red and being restructured into the "baby blues" for the splitting up of the company. The board then hires Gerstner away to resurrect IBM.
Sandy (& Dimon) are making acquisitions, eventually taking over Citi in violation of Glass-Steagall, Greenspan gives him an exemption while he lobbies congress for the repeal of Glass-Steagall. Dimon leaves and eventually becomes CEO of JPMorgan.
Sandy Weill on the Times list of those responsible for the economic
mess:
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877329,00.html
partial account of Glass-Steagall repeal
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/
which enables too-big-to-fail, too-big-to-jail, too-big-to-prosecute
past posts mentioning Weill&Dimon
https://www.garlic.com/~lynn/2012g.html#9 JPM LOSES $2 BILLION USD!
https://www.garlic.com/~lynn/2012g.html#16 Psychology Of Fraud: Why Good People Do Bad Things
https://www.garlic.com/~lynn/2012g.html#82 How do you feel about the fact that today India has more IBM employees than US?
https://www.garlic.com/~lynn/2012g.html#87 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#45 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#79 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012k.html#31 History--punched card transmission over telegraph lines
https://www.garlic.com/~lynn/2012o.html#32 Does the IBM System z Mainframe rely on Obscurity or is it Security by Design?
https://www.garlic.com/~lynn/2012p.html#60 Today in TIME Tech History: Piston-less Power (1959), IBM's Decline (1992), TiVo (1998) and More
past posts mentioning too-big-to-jail/TBTJ
https://www.garlic.com/~lynn/2012e.html#16 Wonder if they know how Boydian they are?
https://www.garlic.com/~lynn/2012e.html#35 The Dallas Fed Is Calling For The Immediate Breakup Of Large Banks
https://www.garlic.com/~lynn/2012e.html#37 The $30 billion Social Security hack
https://www.garlic.com/~lynn/2012f.html#88 Defense acquisitions are broken and no one cares
https://www.garlic.com/~lynn/2012g.html#9 JPM LOSES $2 BILLION USD!
https://www.garlic.com/~lynn/2012g.html#20 Psychology Of Fraud: Why Good People Do Bad Things
https://www.garlic.com/~lynn/2012i.html#14 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012j.html#25 This Is The Wall Street Scandal Of All Scandals
https://www.garlic.com/~lynn/2012k.html#37 If all of the American earned dollars hidden in off shore accounts were uncovered and taxed do you think we would be able to close the deficit gap?
https://www.garlic.com/~lynn/2012m.html#30 General Mills computer
https://www.garlic.com/~lynn/2012n.html#0 General Mills computer
https://www.garlic.com/~lynn/2012n.html#55 U.S. Sues Wells Fargo, Accusing It of Lying About Mortgages
https://www.garlic.com/~lynn/2012o.html#10 OT: Tax breaks to Oracle debated
https://www.garlic.com/~lynn/2012o.html#73 These Two Charts Show How The Priorities Of US Companies Have Gotten Screwed Up
https://www.garlic.com/~lynn/2012p.html#20 HSBC, SCB Agree to AML Penalties
https://www.garlic.com/~lynn/2012p.html#24 OCC Confirms that Big Banks are Badly Managed, Lack Adequate Risk Management Controls
https://www.garlic.com/~lynn/2012p.html#30 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2012p.html#39 UBS Faces Potential LIBOR Fine Of $1 Billion -- Twice What Barclays Paid
https://www.garlic.com/~lynn/2012p.html#48 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2012p.html#62 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2012p.html#64 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2013.html#4 HSBC's Settlement Leaves Us In A Scary Place
https://www.garlic.com/~lynn/2013.html#34 How Bankers Help Drug Traffickers and Terrorists
https://www.garlic.com/~lynn/2013.html#44 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#0 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#1 Libor Lies Revealed in Rigging of $300 Trillion Benchmark
https://www.garlic.com/~lynn/2013b.html#28 Neil Barofsky: Geithner Doctrine Lives on in Libor Scandal
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#46 Bankers Who Made Millions In Housing Boom Misled Investors: Study
https://www.garlic.com/~lynn/2013b.html#48 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#49 Bankers Who Made Millions In Housing Boom Misled Investors: Study
https://www.garlic.com/~lynn/2013c.html#61 How to Cut Megabanks Down to Size
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: Bank Whistleblower Claims Retaliation And Wrongful Termination Date: 20 Mar 2013 Blog: Financial Crime Risk, Fraud and Securityre:
IRS Threatens to Weaken Whistleblower Program
http://www.pogo.org/blog/2013/03/20130320-irs-threatens-to-weaken-whistleblower-protections.html
from 4yrs ago
Obama vows to close loopholes after public anger
http://www.guardian.co.uk/business/2009/mar/14/tax-avoidance-us-obama
the following month, April 2009, there were news that IRS was looking for 52,000 some super-wealthy americans ("tax-cheats") that were dodging taxes illegally with off-shore accounts.
past posts mentioning tax-cheats, dodging taxes, off-shore tax havens
https://www.garlic.com/~lynn/2009b.html#12 Amid Economic Turbulence, Mainframes Counter IT Cost-Cutting Trend
https://www.garlic.com/~lynn/2011d.html#22 The first personal computer (PC)
https://www.garlic.com/~lynn/2011p.html#37 No Jail In UBS Tax Evasion Case
https://www.garlic.com/~lynn/2012.html#29 Mitt Romney avoids U.S tax by using Offshore bank accounts
https://www.garlic.com/~lynn/2012.html#34 Mitt Romney avoids U.S tax by using Offshore bank accounts
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/2012h.html#27 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#30 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#39 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#64 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012k.html#37 If all of the American earned dollars hidden in off shore accounts were uncovered and taxed do you think we would be able to close the deficit gap?
https://www.garlic.com/~lynn/2012j.html#81 GBP13tn: hoard hidden from taxman by global elite
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Thu, 21 Mar 2013 10:06:05 -0400Robert Wessel <robertwessel2@yahoo.com> writes:
The incarceration rate in the United States of America is the highest in
the world
While Americans represent about 5 percent of the world's population,
nearly one-quarter of the entire world's inmates have been incarcerated
in the United States in recent year
... snip ...
By the Numbers: The U.S.'s Growing For-Profit Detention Industry
http://www.propublica.org/article/by-the-numbers-the-u.s.s-growing-for-profit-detention-industry
Prison-industrial complex
https://en.wikipedia.org/wiki/Prison-industrial_complex
The term prison-industrial complex (PIC) is used to attribute
the rapid expansion of the US inmate population to the political
influence of private prison companies and businesses that supply goods
and services to government prison agencies. The term is borrowed from
the military-industrial complex President Dwight D. Eisenhower
warned of in his famous 1961 farewell address
... snip ...
there was some article recently comparing the amount spent on prisons versus public education ... partially explaining why US education system ranks near the bottom of industrial countries.
currently reading
https://www.amazon.com/Ikes-Bluff-President-Eisenhowers-ebook/dp/B0076DCPI4/
Eisenhower's original draft had military-industrial-congressional complex (MICC) but he shortened it in the actual speech.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Thu, 21 Mar 2013 11:42:19 -0400hancock4 writes:
"Ike's Bluff" goes into some; pg25/loc278-82
Nixon's insecurities had turned to anger when Ike kept his distance from
Nixon during a campaign-fund flap just six weeks before election
day. The California senator had been able to save his place on the GOP
ticket only by appealing to the public with his maudlin but effective
"Checkers speech."
... snip ...
However, Ike didn't like McCarthy and what he was doing, but was able to
use Nixon with McCarthy pg56/loc701-5
The vice president, Richard Nixon, who had his own history as a Red
baiter and could talk to McCarthy, was dispatched to the
Senate. McCarthy told Nixon he had two speeches prepared about Bohlen,
and had not used "the real dirty one."
... snip ...
then there is latest news at 11
Declassified LBJ Tapes Accuse Richard Nixon of Treason
http://news.slashdot.org/story/13/03/21/0331256/declassified-lbj-tapes-accuse-richard-nixon-of-treason
The Lyndon Johnson tapes: Richard Nixon's 'treason'
http://www.bbc.co.uk/news/magazine-21768668
It begins in the summer of 1968. Nixon feared a breakthrough at the
Paris Peace talks designed to find a negotiated settlement to the
Vietnam war that he knew would derail his campaign.
Nixon therefore set up a clandestine back-channel to the South
Vietnamese involving Anna Chennault, a senior campaign adviser. In late
October 1968 there were major concessions from Hanoi which promised to
allow meaningful talks to get underway in Paris. This was exactly what
Nixon feared. Chennault was dispatched to the South Vietnamese embassy
with a clear message: the South Vietnamese government should withdraw
from the talks, refuse to deal with Johnson, and if Nixon was elected,
they would get a much better deal. Meanwhile the FBI had bugged the
ambassador's phone and transcripts of Chennault's calls were sent to the
White House
In the end Nixon won by less than 1% of the popular vote, escalated the
war into Laos and Cambodia with the loss of an additional 22,000
American lives, and finally settled for a peace agreement in 1973 that
was within grasp in 1968.
... snip ...
On this 10th anniversery of invasion of Iraq there are numerous recent
parallels being drawn between Vietnam and Iraq, as well as senior
members of the last administration recently doing lots of
finger-pointing blame at each other. I recently finished "Invisible
Armies" ... which is somewhat kinder to the past president on the
invasion of Iraq (although other accounts has the president starting
justification for Iraq invasion as soon as he took office, long before
9/11)
https://www.amazon.com/Invisible-Armies-History-Guerrilla-ebook/dp/B007P9M034/
this account of the behind the scenes for the iraq invasion makes it
sound more like the vietnam scenario (the author was even relative of
the white house chief of staff)
https://www.amazon.com/EXTREME-PREJUDICE-Terrifying-Patriot-ebook/dp/B004HYHBK2/
my son-in-law 1st tour in Iraq was Fallujah during some of the worst
fighting there in 2004-2005; 2nd tour was Baqubah in 2007-2008. this
account "killing our way out" says Baqubah was much worse than Fallujah
https://www.amazon.com/Battle-Baqubah-Killing-Our-ebook/dp/B007VBBS9I/
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Thu, 21 Mar 2013 13:21:48 -0400hancock4 writes:
selectric-base terminals on ctss & mtss
https://www.multicians.org/terminals.html
and
https://en.wikipedia.org/wiki/IBM_2741
all the science center desks had 2741 next to it. i got "portable" 2741 at home march 1970 ... which was replaced with standard 2741 the next month ... which i had until the summer of 1977.
mainframe had two translate tables for the two kinds of 2741 (it
would send tilt/rotate codes to print "CP-67 Online" twice on
the same line ... once using one set of tilt-rotate codes and
the 2nd using the other ... recent reference
https://www.garlic.com/~lynn/2013c.html#30 What Makes an Architecture Bizarre?
to
http://archive.org/details/bitsavers_ibm360cp67n3UsersGuideOct70_24706079
I still have 2741 APL typeball ... there were then two 2741 APL translate tables to setup tilt-rotate for the APL characters position ... switching between APL & non-APL translate tables was done by "SET APL ON|OFF" (and corresponding swap of the typeballs).
pictures of my apl typeball
https://www.garlic.com/~lynn/2008m.html#36 IBM THINK original equipment sign
CMS "BLIP" function used feature that would periodically "wiggle" the
ball (tilt/rotate) w/o actually striking the paper.
https://www.garlic.com/~lynn/2013c.html#33 What Makes an Architecture Bizarre?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: How to Cut Megabanks Down to Size Date: 21 Mar 2013 Blog: Financial Crime Risk, Fraud and Securityrecent posts in the thread:
Meet David S. Cohen of Treasury and Stuart Levey of HSBC -- Or
Is It the Other Way Around?
http://www.nakedcapitalism.com/2013/03/meet-david-s-cohen-of-treasury-and-stuart-levey-of-hsbc-or-is-it-the-other-way-around.html
to bad you can't charge them as criminal conspiracy under RICO ... there have been some cases that show implicit conspiracy w/o having to prove that they met and agreed to explicit conspiracy. too big to prosecute would appear to be an implicit criminal conspiracy.
Morning Links: Too Big to Fail, Too Big to Jail?
http://blogs.wsj.com/marketbeat/2013/03/12/morning-links-too-big-to-fail-too-big-to-jail/
After Watering Down Financial Reform, Ex-Senator Scott Brown Joins
Goldman Sachs' Lobbying Firm
http://thinkprogress.org/economy/2013/03/11/1700341/after-watering-down-financial-reform-ex-senator-scott-brown-joins-goldman-sachs-lobbying-firm/
About That $83 Billion Bank Subsidy. We Still Mean It.
http://www.bloomberg.com/news/2013-02-27/about-that-83-billion-bank-subsidy-we-still-mean-it-.html
Why Has the US Government given trillions of dollars to Wall Street
welfare queens like JP Morgan's Jamie Dimond? Shouldn't the market
decide winners and losers rather than corrupt
http://johnhively.wordpress.com/2013/03/16/why-has-the-us-government-given-trillions-of-dollars-to-wall-street-welfare-queens-like-jp-morgans-jamie-dimond-shouldnt-the-market-decide-winners-and-losers-rather-than-corrupt/
the graph in the above ("Wall Street Bailout So Far Exceeds the Total Cost of All US Wars") is somewhat skewed ... it shows wallstreet bailout so far totaling $8.5T ... and total of all the wars involving US (going back to american revolution) at around $6T. Note however, recent articles about enormous fabrication justifying the case for invading Iraq, claim that the total for Iraq will be $5T-$6T when all is settled and done (including all future veteran medical and disability payments).
JPMorgan's Follies, for All to See
http://www.nytimes.com/2013/03/17/business/jpmorgans-follies-for-all-to-see-in-a-senate-report.html
from above:
That's the takeaway for both investors and taxpayers in the 307-page
Senate report detailing last year's $6.2 billion trading
fiasco at JPMorgan Chase. The financial system, thanks to dissembling
traders and bumbling regulators, is at greater risk than you know.
... snip ...
When You Weren't Looking, Democrat Bank Stooges Launch Bills to Permit
Bailouts, Deregulate Derivatives
http://www.nakedcapitalism.com/2013/03/when-you-werent-looking-democrat-bank-stooges-launch-bills-to-permit-bailouts-deregulate-derivatives.html
from above:
In the US, depositors have actually been put in a worse position than
Cyprus deposit-holders, at least if they are at the big banks that
play in the derivatives casino. The regulators have turned a blind eye
as banks use their depositaries to fund derivatives exposures. And as
bad as that is, the depositors, unlike their Cypriot confreres, aren't
even senior creditors. Remember Lehman? When the investment bank
failed, unsecured creditors (and remember, depositors are unsecured
creditors) got eight cents on the dollar. One big reason was that
derivatives counterparties require collateral for any exposures,
meaning they are secured creditors. The 2005 bankruptcy reforms made
derivatives counterparties senior to unsecured lenders. Lehman had
only two itty bitty banking subsidiaries, and to my knowledge, was not
gathering retail deposits. But as readers may recall, Bank of America
moved most of its derivatives from its Merrill Lynch operation its
depositary in late 2011.
... snip ...
and move of derivatives to FDIC insurance
US Deposits In Perspective: $25 Billion In Insurance, $9,283 Billion
In Deposits; $297,514 Billion In Derivatives
http://www.zerohedge.com/news/2013-03-19/us-deposits-perspective-25-billion-insurance-9283-billion-deposits-297514-billion-de
Is Cyprus in Our Future?; The Plague of Wall Street Banking
http://www.counterpunch.org/2013/03/20/the-plague-of-wall-street-banking/
from above:
financial fraud investigator Bill Black points out that the SEC cannot
institute fines that are too big for the same reason. "The art is to
make the number sound large to fool the rubes, but to insure that the
fine poses only a modest inconvenience to our 'most reputable'
fraudulent banks." So, the SEC trumpets "more than 150 firms and
individuals, with sanctions totaling $2.7 billion." Black points out
that this number sounds big, but it isn't compared to the losses
caused by the fraud epidemic in the US which are well in excess of $15
trillion.
... snip ...
1% of $15T would be $150B ... $2.7B is 1.8percent of $150B which is 1percent of $15T ... i.e. $2.7B is .018% of $15T There was over $27T in transactions done during the bubble with wallstreet possibly skimming $4T-$5T. $2.7B is .0676% of $4T. Some of the too-big-to-fail had repeated fines/sanctions/injunctions for the same violations during the last decade i.e. too-big-to-fail fraudulent activity, found guilty, fined & singed injunction to never repeat again ... and then repeated same fraudulent activity ... same sequence for the same fraudulent activity repeated several times ... showing that the fines & legal injunctions had little effect on behavior.
more on enormous amount of wallstreet money blanketing capital hill
Wall Street Deregulation Advances As Top Democrat Warns That Vote
Could 'Haunt' Congress
http://www.huffingtonpost.com/2013/03/20/wall-street-deregulation-_n_2916795.html?1363804456
from above:
The most controversial bill to advance Wednesday is explicitly
designed to expand taxpayer backing for derivatives. It was the only
legislation that lawmakers were required to cast individual votes for
or against
... snip ...
Whose Insured Deposits Will Be Plundered Next?
http://www.zerohedge.com/news/2013-03-21/guest-post-whose-insured-deposits-will-be-plundered-next
from above:
Far more worrying for American and British depositors though is this
paragraph Golem XIV brings up from a joint Bank of England and FDIC
paper from 2012 which points to the possibility of using deposit
insurance funds to bail out illiquid banks:
... snip ...
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: Computer Simulations Reveal Benefits of Random Investment Strategies Over Traditional Ones Date: 21 Mar 2013 Blog: Google+re:
Computer Simulations Reveal Benefits of Random Investment Strategies
Over Traditional Ones
http://www.technologyreview.com/view/512696/computer-simulations-reveal-benefits-of-random-investment-strategies-over-traditional/
Somewhat similar to economics nobel prize winner in "Thinking, Fast &
Slow":
Since then, my questions about the stock market have hardened
into a larger puzzle: a major industry appears to be built largely on
an illusion of skill. Billions of shares are traded every day, with
many people buying each stock and others selling it to them
News accounts for just 1/3 of commodity price moves-study; Up to 70
percent of price moves are "self-generated"
http://www.reuters.com/article/2013/03/21/imf-commodities-study-idUSL6N0CDBH22013032
from above:
Only about a third of commodity price moves are caused by news,
reflecting the growing role of high-frequency trading in steering
prices, according to a study selected by the International Monetary
Fund.
... snip ...
HFT Reality: 70% Of Price Moves Are Disconnected From Fundamental
Reality
http://www.zerohedge.com/news/2013-03-21/hft-reality-70-price-moves-are-disconnected-fundamental-reality
past references to HFT providing little or no benefit ... except to
those manipulating the market
https://plus.google.com/u/0/102794881687002297268/posts/MLcraAQg72T
archive of above:
https://www.garlic.com/~lynn/2013b.html#29 Destructive Destruction? An Ecological Study of High Frequency Trading
past posts mentioning "Thinking Fast & Slow" reference:
https://www.garlic.com/~lynn/2011p.html#138 Thinking, Fast & Slow
https://www.garlic.com/~lynn/2012.html#1 The war on terabytes
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/2012b.html#29 The speeds of thought, complexities of problems
https://www.garlic.com/~lynn/2012b.html#35 Entropy and #SocialMedia
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/2012e.html#57 speculation
https://www.garlic.com/~lynn/2012g.html#16 Psychology Of Fraud: Why Good People Do Bad Things
https://www.garlic.com/~lynn/2012h.html#67 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012i.html#65 Thousands Of IBM Employees Got A Nasty Surprise Yesterday: Here's The Email They Saw
https://www.garlic.com/~lynn/2012i.html#87 Naked emperors, holy cows and Libor
https://www.garlic.com/~lynn/2012j.html#4 Interesting News Article
https://www.garlic.com/~lynn/2012j.html#74 What voters are really choosing in November
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Thu, 21 Mar 2013 21:52:09 -0400Robert Wessel <robertwessel2@yahoo.com> writes:
there have been articles that a lot of the violence in mexico is because of the drug cartels ... significantly aided by enormous amounts of money that has been laundered by the too-big-to-fail.
the refusal to presecute and jail too-big-to-fail for lots of criminal activity ... has given rise to number of observations 1) too-big-to-jail and too-big-to-presecute 2) too-big-to-fail are involved in lots of criminal activity, not just money laundering for drug cartels and terriorists, 3) too-big-to-fail money laundering plays a major factor in the ability of the drug cartels to operate (and the corresponding level of violence), 4) the heavy use of jail time for the predominantly poor is contrasted by the lack of any jail time for super-wealthy and too-big-to-fail.
recent
HSBC, too big to jail, is the new poster child for US two-tiered justice
system
http://www.theguardian.com/commentisfree/2012/dec/12/hsbc-prosecution-fine-money-laundering
Outrageous HSBC Settlement Proves the Drug War is a Joke
http://www.rollingstone.com/politics/blogs/taibblog/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213
Outrage: Some Banks Are Too Big to Prosecute; Attorney General Eric
Holder admits that the biggest banks are not just too big too fail, but
above the law.
http://www.alternet.org/outrage-some-banks-are-too-big-prosecute
Elizabeth Warren Wants HSBC Bankers Jailed for Money Laundering
http://abcnews.go.com/blogs/politics/2013/03/elizabeth-warren-wants-hsbc-bankers-jailed-for-money-laundering/
The Corrupt US Government: Why US Treasury Officials Refused to
Consider Recommending Criminal Charges Against Drug Money Laundering
Bankers
http://johnhively.wordpress.com/2013/03/08/the-corrupt-us-government-why-us-treasury-officials-refused-to-consider-recommending-criminal-charges-against-drug-money-laundering-bankers/
Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
http://wallstreetonparade.com/2013/03/senator-sherrod-brown-drops-a-bombshell-in-mary-jo-whites-hearing/
from above:
The spectacle of warped law enforcement grew worse today during the
Senate Banking confirmation hearing of Mary Jo White to head the
Securities and Exchange Commission. Under questioning by Senator
Sherrod Brown (D-Ohio), White admitted that even the economy of a
foreign country -- like Japan -- is taken into consideration before
bringing a criminal indictment in the U.S. Even worse, White was
forced to admit that while working for the U.S. Department of Justice
as the U.S. Attorney for the Southern District of New York (from 1993
to 2002), she considered it appropriate to speak with Larry Summers (a
Treasury Secretary in the Clinton administration) to weigh the
economic impact of bringing an indictment.
... snip ...
articles from 2-3 yrs ago started the reference of the too-big-to-fail are also too-big-to-jail ... and too-big-to-fail money laundering for the drug cartels was turning Mexico into Colombia (and major enabler in the upswing in violence).
recent posts mentioning too-big-to-jail:
https://www.garlic.com/~lynn/2013.html#4 HSBC's Settlement Leaves Us In A Scary Place
https://www.garlic.com/~lynn/2013.html#34 How Bankers Help Drug Traffickers and Terrorists
https://www.garlic.com/~lynn/2013.html#44 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#0 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#1 Libor Lies Revealed in Rigging of $300 Trillion Benchmark
https://www.garlic.com/~lynn/2013b.html#28 Neil Barofsky: Geithner Doctrine Lives on in Libor Scandal
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#46 Bankers Who Made Millions In Housing Boom Misled Investors: Study
https://www.garlic.com/~lynn/2013b.html#48 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#49 Bankers Who Made Millions In Housing Boom Misled Investors: Study
https://www.garlic.com/~lynn/2013b.html#53 Should Bethany McLean Be Bothered by the Government Lawsuit Against S&P?
https://www.garlic.com/~lynn/2013c.html#55 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#61 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013d.html#35 Ex-Bailout Watchdog: JPMorgan's Actions "Entirely Consistent With Fraud"
https://www.garlic.com/~lynn/2013d.html#40 How to Cut Megabanks Down to Size
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 22 Mar 2013 11:00:12 -0400Peter Flass <Peter_Flass@Yahoo.com> writes:
some amount of the press is the PIC lobbying legislatures ... and the
two-tiered justice system ... from this reference:
http://www.theguardian.com/commentisfree/2012/dec/12/hsbc-prosecution-fine-money-laundering
The Caging of America; Why do we lock up so many people
http://www.newyorker.com/arts/critics/atlarge/2012/01/30/120130crat_atlarge_gopnik
from above:
Over all, there are now more people under "correctional supervision" in
America -- more than six million -- than were in the Gulag Archipelago
under Stalin at its height. That city of the confined and the
controlled, Lockuptown, is now the second largest in the United States.
The accelerating rate of incarceration over the past few decades is just
as startling as the number of people jailed: in 1980, there were about
two hundred and twenty people incarcerated for every hundred thousand
Americans; by 2010, the number had more than tripled, to seven hundred
and thirty-one. No other country even approaches that. In the past two
decades, the money that states spend on prisons has risen at six times
the rate of spending on higher education.
... snip ...
Runaway Prison Costs Trash State Budgets
http://www.thefiscaltimes.com/Articles/2011/02/09/Runaway-Prison-Costs-Thrash-State-Budgets.aspx
from above:
The prison system in the U.S. is in crisis mode. States across the
country are grappling with massive budget shortfalls, much of which can
be credited to the runaway growth of prison budgets over the past 25
years
... snip ...
some web searches on the subject, this is somebody's blog that looks at
the lobbying and legislation over the past couple decades
http://rortybomb.wordpress.com/2011/08/03/elk-sloan-on-alec-and-prison-sentencing-and-labor/
referencing series of articles that also looks at the lobbying and legislation that has gone on over the past couple decades
The Hidden History of ALEC and Prison Labor
http://www.thenation.com/article/162478/hidden-history-alec-and-prison-labor
references
Corporate Con Game; How the private prison industry helped shape
Arizona's anti-immigrant law.
http://inthesetimes.com/article/6084/corporate_con_game/
another blog that quotes the "ALEC and Prison Labor" article
How ALEC Changed Policies To Allow Corporations To Use Prisoners As
Coerced Slave Labor
http://crooksandliars.com/susie-madrak/how-alec-changed-policies-allow-corpo
another article
Lobbyists, Guns and Money
http://www.nytimes.com/2012/03/26/opinion/krugman-lobbyists-guns-and-money.html
from above:
Many ALEC-drafted bills pursue standard conservative goals:
union-busting, undermining environmental protection, tax breaks for
corporations and the wealthy. ALEC seems, however, to have a special
interest in privatization -- that is, on turning the provision of public
services, from schools to prisons, over to for-profit corporations
... snip ...
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Fri, 22 Mar 2013 11:30:08 -0400jmfbahciv <See.above@aol.com> writes:
there has been lots of discussion in the Boyd groups on the subject. At last fall's Boyd conference at Marine Corps univ. there was (marine) regional commander talking about what he did that was starting to show some benefit (but also had an army officer or two talk about it).
however, much of it has been dwarfed by all the stuff that was handed
out to private contractors ... including private military companies
https://en.wikipedia.org/wiki/Private_military_company
the issue in vietnam and iraq wasn't that the sentiment was skewed ... that the repeated lessons about success and failure with insurgencies and guerrilla warfare is that it has to be population centric (winning hearts and minds; coined in england during revolutionary war; can win every set-piece army battle and still loose the war, especially when you loose the support of the citizens back home).
"Invisible Armies" looks at successful instances where the occupying country ignored "hearts and minds" of the occupied country was that they could be totally ruthless ... but they also ruthlessly tightly controlled their own citizens.
both vietnam and iraq had large parts of the military that their life-long training was large military battles with the soviet union on the fields of europe; problems were solved with lots of artillery and tank shells along with massive aerial bombing. massive shelling&bombing tends to be counter-productive since it tends to turn the population against the occupying force and strengthen the insurgency.
Afghanistan has much longer history of failures by occupying forces. There is research activity looking at all the soviet union military, intelligence and political archives related to their Afghan war ... and there have presentations of the research at the last couple Boyd conferences.
misc. boyd posts and references
https://www.garlic.com/~lynn/subboyd.html
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 22 Mar 2013 17:02:13 -0400hancock4 writes:
1980 ... STL (now called silicon valley lab, SVL) was bursting at the seams and they were moving 300 people from the IMS dbms group to off-site bldg with "remote" 3270 (at 19.2) back into the STL datacenter. The group tested out the "remote" 3270 and found it intolerable (being used to direct channel connect 3270 vm370/cms service inside the bldg).
I got sucked into doing HYPERchannel channel-extension support for the group where there were "channel-attached" local 3270s placed at the remote site. The group tested it out and could see no difference (to what they were used to) ... even though part of the path was full-duplex T1 (1.5mbit/sec) link over campus collins digital radio microwave link (that the company had put in the area; when I85 first went in, people with radar detectors would notice that they went off as they were passing the line-of-sight between the antenna on the hill overlooking STL and the main plant site).
I've recently pontificated on the subject with regard to the companies
FICON. As part of the channel-extender support, the channel programs
were "downloaded" to the remote end ... so they ran "remotely" ...
rather than having latency back&forth for all the CCW half-duplex
channel gorp. FICON has been an extremely heavy-weight layer that
drastically cuts the throughput of the underlying FCS throughput ...
and 30yrs later they have implemented a similar CCW download strategy
for FICON ... that only partially mitigates the heavy FICON throughput
penalty.
https://www.garlic.com/~lynn/2013b.html#55 Dualcase vs monocase. Was: Article for the boss
https://www.garlic.com/~lynn/2013c.html#62 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013c.html#63 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013c.html#68 relative mainframe speeds, was What Makes an Architecture Bizarre?
in the mid-80s, as part of my HSDT project,
https://www.garlic.com/~lynn/subnetwork.html#hsdt
there was some hardware being built on the other side of the pacific. On the friday before a visit, the communication group sent out an announcement for a new high-speed communication online discussion ... with the following definitions:
low-speed: <9.6kbits medium-speed: 19.2kbits high-speed : 56kbits very high-speed: 1.5mbitsthe following monday morning in a conference room on the other side of the pacific ... the following definitions were on the wall:
low-speed: <20mbits medium-speed: 100mbits high-speed: 200-300mbits very high-speed: >600mbits
as I've periodically mentioned, then the communication group was
resorting to all sorts of other misinformation to obfuscate their lack
of competitive products (and preserve their terminal emulation install
base) ... part was in justification of converting the internal network
to SNA
https://www.garlic.com/~lynn/2006x.html#email870302
https://www.garlic.com/~lynn/2011.html#email870306
as well as claiming that the NSFNET backbone would be done with
VTAM/SNA, old email, somebody had collected a bunch of their
mis-information email and forwarded it (sort of a early mini
wikileaks)
https://www.garlic.com/~lynn/2006w.html#email870109
past posts mentioning NSFNET bakcbone
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
lots of past posts mentioning terminal emulation install base (including
lots of past posts mentioning senior disk engineer claiming that the
communication group was going to be responsible for the demise of the
disk division ... because of the stranglehold that the communication
group had on datacenters)
https://www.garlic.com/~lynn/subnetwork.html#emulation
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 22 Mar 2013 17:11:41 -0400Stephen Sprunk <stephen@sprunk.org> writes:
changes in various laws partially accounts for why the incarceration rate per hundred thousand has more than tripled ... while in the same period typical crime has held steady or declined
one of the chapters in freakonomics was about the expected big upswing
in crime rate ... which didn't happen. past posts mentioning freakonomics:
https://www.garlic.com/~lynn/2005i.html#17 The Worth of Verisign's Brand
https://www.garlic.com/~lynn/2007h.html#55 ANN: Microsoft goes Open Source
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#88 NASA proves once again that, for it, the impossible is not even difficult
https://www.garlic.com/~lynn/2011c.html#30 The first personal computer (PC)
https://www.garlic.com/~lynn/2012e.html#57 speculation
https://www.garlic.com/~lynn/2012i.html#57 a clock in it, was Re: Interesting News Article
https://www.garlic.com/~lynn/2012k.html#12 The Secret Consensus Among Economists
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Arthur C. Clarke Predicts the Internet, 1974 Newsgroups: alt.folklore.computers Date: Fri, 22 Mar 2013 17:35:07 -0400Tech Time Warp of the Week: Arthur C. Clarke Predicts the Internet, 1974
bank of 2314s in the background
http://www-03.ibm.com/ibm/history/exhibits/storage/storage_2314.html
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Fri, 22 Mar 2013 18:43:17 -0400jmfbahciv <See.above@aol.com> writes:
The US Embassy In Baghdad Cost A Staggering $750 Million
http://www.businessinsider.com/750-million-united-states-embassy-iraq-baghdad-2013-3
from above:
They had been told it would cost $50 billion and that it would end soon.
... snip ...
other reports that the justification for the invasion began early in the administration, well before 9-11, and the public sell was that it would only cost $50B-$60B. Recent GAO report has $60B in Iraq disappearing into (us) corporate pockets with little or nothing to show for it. The current bill for Iraq is listed at $1.6T and projections it will eventually reach $5T-$6T (including long-term veteran benefits and medical bills) ... a 100 times greater than the original claims.
some of my recent archived posts in Boyd discussion group (some amount
of the fabrication, obfuscation, & misdirection associated with both
Iraq-I and Iraq-II) ... lots of MICC is not to win wars ... but to
have constant conflicts to keep the funds flowing:
https://www.garlic.com/~lynn/2013c.html#16 A Matter of Mindset: Iraq
https://www.garlic.com/~lynn/2013c.html#28 A Matter of Mindset: Iraq
https://www.garlic.com/~lynn/2013c.html#45 A Matter of Mindset: Iraq
https://www.garlic.com/~lynn/2013c.html#86 A Matter of Mindset: Iraq
https://www.garlic.com/~lynn/2013d.html#30 A Matter of Mindset: Iraq
"invisible armies" starts vietnam with french return after ww2 ... and follows it up through at the various ups and downs ... including Eisenhower constantly not wanting to get involved ... and lots of experienced americans working with the french also recommending not to get involved. After the dividing vietnam into north & south ... there was american adviser (supposedly some of the "quiet american" is based on him ... although it points out things that Greene got wrong, that constantly advised against USA military involvement)
pg411/loc7024-31
Now, when he heard that Lightning Joe was trying to strike down Diem,
whom he considered "a great patriot" and "probably the best of all the
nationalists," Lansdale furiously typed a lengthy cable to Allen Dulles
warning that "any successor government to Diem's acceptable to the
French would be unable to carry out the reforms essential to deny
Vietnam to the Communists." A few years later he predicted that Diem's
successors would be "highly selfish and mediocre people [who] would be
squabbling for power among themselves as the Communists took over."
It was a prescient prediction in light of the "political and security
vacuum" that was to envelop South Vietnam after Diem was overthrown
and killed in 1963 with American connivance. Diem's overthrow was later
to be seen by CIA Director William Colby, among others, as "America's
primary (and perhaps worst) error in Vietnam."
... snip ...
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Fri, 22 Mar 2013 20:28:22 -0400re:
written by Chuck Spinney, one of Boyd's acolytes
Iraq Invasion Anniversary: Inside The Decider's Head
http://nation.time.com/2013/03/22/iraq-invasion-anniversary-inside-the-deciders-head/
from above:
Faced with this reality in the 1980s, the military reformers in the
Pentagon led by Col John R. Boyd found it necessary to develop a more
precise working definition of madness: We concluded that madness occurs
when the decision maker's Observation -- Orientation -- Decision --
Action (OODA) loop becomes increasingly distorted and disconnected from
its environment by the existence of Incestuous Amplification.
... snip ...
with references to this article in 2004:
http://www.nytimes.com/2004/10/17/magazine/17BUSH.html
misc. other posts &/or references to Boyd, OODA-loop, etc
https://www.garlic.com/~lynn/subboyd.html
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Arthur C. Clarke Predicts the Internet, 1974 Newsgroups: alt.folklore.computers Date: Sat, 23 Mar 2013 08:45:07 -0400Peter Flass <Peter_Flass@Yahoo.com> writes:
more 2314 history
http://www.computerhistory.org/groups/storagesig/media/docs/IBM-2314.pdf
at the univ. there were 2311s with the 360/30. the univ had a 709/1401 combo ... and were going to upgrade to 360/67. the 360/30 came in replacing the 1401 (had 1401 hardware emulation) as part of the transition to 360/67.
plausibly higher work throughput of the larger 360s justified the higher capacity 2314s.
in the 70s with introduction of 3330s ... i would have expected prices
of 2314s (with 29mbyte capacity) to come down ... but would still be
hard to beat the price/bit of the 3330s (with 200mbyte capacity).
http://www-03.ibm.com/ibm/history/exhibits/storage/storage_3330.html
from above:
Development of the 3330 -- known as 23XX, then 2314B and later Merlin
during its pre-announcement life -- began in March 1965. Model 1 was
rolled out in 1970 and first shipped the following year. The second
model was introduced in 1972 and first delivered in 1974. A Model 11 was
announced in 1973, with first customer shipments scheduled for March
1974.
... snip ...
science center in the early 70s had 45 2314 drives (five 8+1 banks plus
one five drive bank) for its cp67 360/67 system. misc. past posts
mentioning cp67
https://www.garlic.com/~lynn/subtopic.html#545tech
it was replaced with 370/155-II with 3330s ... old email about migrating
bunch of cp67 enhancements to vm370 (the original morph by the
development group of cp67 to vm370 did a lot of simplification and
dropped lots of features)
https://www.garlic.com/~lynn/2006v.html#email731212
https://www.garlic.com/~lynn/2006w.html#email750102
https://www.garlic.com/~lynn/2006w.html#email750430
summer of 1969, I was con'ed into going to Boeing Seattle as part of an effort setting up Boeing Computer Services (I was one of the first dozen BCS employees) which was going to bring all of dataprocessing under independent business unit ... as part of being able to better monetize the dataprocessing investment (including offering dataprocessing services to non-Boeing entities).
at the time, I thought Renton datacenter was possibly largest in the world ... claims were it had couple hundred million in IBM 360s ... and that summer there were pieces of 2-3 360/65s constantly being staged for installation (in the hallways around the datacenter room) ... as I remember these were all 2314 systems. Some amount of Renton datacenter was also being replicated at the new 747 plant up in Everett (serial #3 was seen flying the skys of Seattle summer of 1969 as part of FAA flight certification) ... disaster scenario was that Mt. Rainier heats up and results in mudslide that takes out the Renton datacenter ... the cost to the company of not having the Renton datacenter for a week was more than the cost of the Renton datacenter.
much later I would sponsor Boyd's briefings at IBM. In some of his
biographies mention that he was in command of spook base (about the same
time I was at Boeing) and lists it as a $2.5B "windfall" for IBM (aka
ten times the value claimed for 360s at the Renton datacenter). misc
posts and other references to Boyd
https://www.garlic.com/~lynn/subboyd.html
old reference to spook base, gone 404 but lives on at wayback machine
(Boyd would make some comment about the datacenter being the largest air
conditioned bldg in that part of the world):
https://web.archive.org/web/20030212092342/http://home.att.net/~c.jeppeson/igloo_white.html
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sat, 23 Mar 2013 09:40:00 -0400Stephen Sprunk <stephen@sprunk.org> writes:
Decriminalization of non-medical cannabis in the United States
https://en.wikipedia.org/wiki/Decriminalization_of_non-medical_cannabis_in_the_United_States
Legal history of cannabis in the United States
https://en.wikipedia.org/wiki/Legal_history_of_cannabis_in_the_United_States
one of the questions was about current laws against marijuana justified
because it was a "gateway drug" ... aka leading to use of much more
dangerous drugs. Gupta said that studies show that alcohol is by far the
largest "gateway drug".
https://en.wikipedia.org/wiki/Gateway_drug_theory
past posts in this thread:
https://www.garlic.com/~lynn/2013d.html#37 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#38 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#42 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#43 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#46 What Makes an Architecture Bizarre?
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Arthur C. Clarke Predicts the Internet, 1974 Newsgroups: alt.folklore.computers Date: Sat, 23 Mar 2013 11:09:40 -0400Morten Reistad <first@last.name> writes:
similar but slightly different perspective ... recent post in
Financial Crime Risk, Fruad and Security group ... and the
rise of the internet (from nsfnet backbone)
https://www.garlic.com/~lynn/2013d.html#24 "JP MORGAN SAW ITSELF AS ABOVE THE REGULATORS" Do you agree?
referencing
Grid Computing; Hook enough computers together and what do you get? A
new kind of utility that offers supercomputer processing on tap.
https://www.technologyreview.com/s/401444/grid-computing/
also in this post
https://www.garlic.com/~lynn/2013d.html#18 Grid Computing (from May2002)
as mentioned, we were prevented from bidding on the NSFNET backbone RFP
(earlier we were to have gotten $20M to tie together all the NSF
supercomputers, but then congress cut the budget and several other
things happened). old email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
and past posts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
the winning bid was $11.2M ... but guestimates are that something like $40M to $50M was actually put into the backbone ... in large part by various telcos.
major telcos had huge infrastructures and large fixed monthly costs & run rate ... which were recovered, in large part, by bit-rate use charges. There was huge amount of dark fiber going unused ... and they were in chicken&egg situation ... to motivate any significant use of all the additional capacity they would have to significantly drop the bit-rate use charges. However, if they significantly dropped the bit-rate use charges ... it would likely be a decade before the use levels got up to the point where their large monthly run-rate was covered.
Significantly over provisioning the NSFNET backbone with lots of extra resources ... along with strict AUP restrictions for commercial use, created a technology incubator for high-bandwidth applications ... while not impacting their bottom line.
other trivia from my HSDT effort
https://www.garlic.com/~lynn/subnetwork.html#hsdt
recent post referencing
https://www.garlic.com/~lynn/2013d.html#45 What Makes an Architecture Bizarre?
we were already running lots of T1 connections ... which I believe helped motivate NSF to specify T1 in the NSFNET backbone RFP. When we weren't allowed to bid, the director of NSF tried to help, writing the company a letter 3Apr1986, NSF Director to IBM Chief Scientist and IBM Senior VP and director of Research, copying IBM CEO), but that just made the internal politics worse (as did references to what we already had running was at least five years ahead of all bid responses).
The actual winning RFP response didn't install T1 ... but put in 440kbit/sec links ... and then possibly to obfuscate not meeting the letter of the RFP, put in T1 trunks with telco multiplexors running multiple 440kbit links per trunk.
We would sarcastically comment that they could possibly call it a T5 network ... since some of the links were possibly multiplexed over some telco T5 trunk at some point.
Later when the T3 upgrade RFP was released, possibly trying to shutup my sniping, I was asked to be the red team. The blue team was a couple dozen researchers from half dozen labs around the world. At the final executive review, I presented first ... and then the blue team. Five minutes into the blue team presentation, the executive in charge pounded on the table and said he would lay down in front of a garbage truck before he allowed any put the blue team response to go forward (I, and a couple others, got up and walked out).
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sat, 23 Mar 2013 11:18:00 -0400Dan Espen <despen@verizon.net> writes:
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Sat, 23 Mar 2013 14:29:04 -0400jmfbahciv <See.above@aol.com> writes:
part of is OODA-loop being agile & adaptable ... another part is cutting
through the "fog of war" (or purposeful obfuscation and misdirection) to
figure out what is really going on ... lots of current "economics" is
"gaming" the system; reference to the situation has gotten so bad
among the economists profession that there has been call for "code of
ethics" in the professional society (something that is common in nearly
every other professional society)
https://www.garlic.com/~lynn/2013.html#20 The Big Fail
https://www.garlic.com/~lynn/2013.html#57 How to Cut Megabanks Down to Size
winslow wheeler (no relationship) moved here:
http://www.pogo.org/about/cdi-joins-pogo.html
and here
http://www.pogo.org/straus/
has lots of articles by Winslow, Chuck and others
several of boyd's acolytes and reform movement contributed to this
... how pentagon & MICC keeps the funds flowing
http://dnipogo.org/labyrinth/
including one titled The Domestic Roots of Perpetual War by
chuck
http://chuckspinney.blogspot.com/p/domestic-roots-of-perpetual-war.html
also reproduction of the recently referenced time article
http://chuckspinney.blogspot.com/2013/03/the-madness-of-king-george-revisited.html
claim that it is only going to cost $50B when corporations are going to
skim much more than that ... and bill is now $1.6T heading to 100 times
the original claim
https://www.garlic.com/~lynn/2013d.html#48 What Makes an Architecture Bizarre?
a lot of it could be considered continuation of Eisenhower's warning about the MICC ... it is all about money, once the money is flowing they never want it to stop ... and in fact, always want it to increase; as a result there is no real objective to win wars because the objective is to have continuous conflicts as part of maintaining the flow of money
this is older post about warning about perpetual war coming in the
wake of how WW1 ended (a member of congress from 100yrs ago, the
paradigm isn't new with chuck)
https://www.garlic.com/~lynn/2013.html#15 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2013.html#26 Cultural attitudes towards failure
from "Triumphant plutocracy" loc6265-74:
XXX. THE LEAGUE TO PERPETUATE WAR The war has just begun. I said that
when the Armistice terms were published and when I read the Treaty and
the League Covenant I felt more than ever convinced of the justice of
my conclusion. The Treaty of Versailles is merely an armistice -- a
suspension of hostilities, while the combatants get their wind. There
is a war in every chapter of the Treaty and in every section of the
League Covenant; war all over the world; war without end so long as
the conditions endure which produce these documents.
... snip ...
previous referenced up-thread
https://www.garlic.com/~lynn/2013d.html#49 What Makes an Architecture Bizarre?
another Boyd acolyte teaches courses in an MBA program ... using OODA-loop.
there are some number of boyd afficionados in the financial relm ... some have their own blogs and some also post in the (closed linkedin) Financial Crime Risk, Fraud and Security discussions There are long lengthy discussions about how the too-big-to-fail have also turned into too-big-to-jail.
The Financial Crime Risk, Fraud and Security discussions, also has some
detailed discussions about what happens to whistleblowers; a senior
examiner for large institutions at FDIC turned up a bunch of stuff about
WAMU, CITI and others in 2006 time-frame ... and basically was
eventually forced out. He has written a detailed account with copies of
lots of the records and how the federal whistleblower protections
actually assisted in shutting him out:
https://www.amazon.com/American-Betrayal-ebook/dp/B00BKZ02UM/
for a little drift back to computer related ... I referenced
the Scientific American article in this Boyd facebook discussion
https://www.garlic.com/~lynn/2013c.html#16 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
Why It's Smart to Be Reckless on Wall Street
http://blogs.scientificamerican.com/guest-blog/2013/02/27/why-its-smart-to-be-reckless-on-wall-street/
"Game Theory" morphs into "gaming the system" at MICC and part of the
results is growing Success of Failure culture (more money in a series
of failures ... analogous to objective of continuous conflict)
http://www.govexec.com/management/management-matters/2007/04/the-success-of-failure/24107/
one of the other whistleblowers mentioned was the one that blew the
whistle in the above article ... mentioned in this FCRFS post
https://www.garlic.com/~lynn/2013c.html#39 NPC Luncheon with Thomas Drake, NSA Whistleblower
There is other computer related in "high frequency trading" ...
where apparently the primary purpose is to "steer" (aka manipulate)
the market.
https://www.garlic.com/~lynn/2013.html#2 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2013b.html#29 Destructive Destruction? An Ecological Study of High Frequency Trading
https://www.garlic.com/~lynn/2013d.html#41 Computer Simulations Reveal Benefits of Random Investment Strategies Over Traditional Ones
includes this reference (as well as numerous others):
Dear SEC, This Is HFT "Cheating" At Its Most Obvious. Regards,
Everyone Else
http://www.zerohedge.com/news/2013-01-04/dear-sec-hft-cheating-its-most-obvious-regards-everyone-else
here is older reference to (illegally) steering/manipulating the market
(but everybody does it and nothing to worry about from SEC):
http://nypost.com/2007/03/20/cramer-reveals-a-bit-too-much/
boyd related posts & references
https://www.garlic.com/~lynn/subboyd.html
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Arthur C. Clarke Predicts the Internet, 1974 Newsgroups: alt.folklore.computers Date: Sat, 23 Mar 2013 18:58:16 -0400Michael Black <et472@ncf.ca> writes:
lots of past posts about cp67 spin-offs to online commerical computer service
bureaus in the 60s
https://www.garlic.com/~lynn/submain.html#timeshare
compuserve founded in same timeframe, 1969
https://en.wikipedia.org/wiki/CompuServe
above describes something similar to what Boeing was doing summer of 1969 with BCS ... described in earlier post in this thread.
one was tymshare out on the west coast ... in aug1976 they provided
their vm370/cms based online computer conferencing system "free" to the
SHARE user group community ... archives online here:
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
Tymshare
https://en.wikipedia.org/wiki/Tymshare
trivia ... above mentions Tymshare acquiring Augment from SRI, with
Augment they also got the inventor of the mouse:
https://en.wikipedia.org/wiki/Douglas_Engelbart
when M/D was purchasing Tymshare, I managed to set up interviews for him at IBM ... but couldn't convince anybody to make an offer.
more trivia ... GNOSIS (mentioned above) was 370 operating system
developed by Tymshare, as part of the sale to M/D, GNOSIS was spun-off
... I was brought in to evaluate/audit GNOSIS as part of its spin off
https://en.wikipedia.org/wiki/GNOSIS
while I was trying to get process setup to get periodic tape dump of all
the vmshare files from tymshare ... so i could make them available
inside the corporation on the internal network ... i tried to get my
brother (regional marketing rep for apple) to setup an apple-ii to act
as terminal emulator for vmshare (tymshare's vm370/cms service) ...
create copies of new conference entries ... and then run terminal
emulator in reverse "uploading" into corporate vm370/cms
system. misc. old email mentioning vmshare (tymshare's online computer
conferencing for SHARE user group)
https://www.garlic.com/~lynn/lhwemail.html#vmshare
my brother would periodically come into town for business at corporate hdqtrs, & I got to tag alone to business dinners. Later I got to argue with some of the mac developers about need for terminal emulator (this was before mac was announced) and other things at these dinners.
trivia ... at the time, apple co. business ran on s/38 ... and my brother had worked out process to remotely connect and watch manufacturing and delivery schedules.
terminal emulators and spreadsheet were two of the early killer aps that drove the big volume sales. ibm/pc was about the same price as 3270 and in single desktop footprint could provide 3270 terminal emulation as well as some local computing (large corporations had justifications for hundreds of thousands of 3270 orders ... converting those to ibm/pc at roughly the same price was no-brainer).
while 3270 terminal emulation provided big boost to early ibm/pc uptake,
it later came to be an enormous albatross for the company since the
communication group would attempt to preserve its terminal emulation
install base, fighting off distributed computing, client/server, etc
... nearly taking down the company ... lots of past posts
https://www.garlic.com/~lynn/subnetwork.html#emulation
i've frequently mentioned that the internal network was larger than the
arpanet/internet from just about the beginning until sometime late 85 or
early 86. Part of that was that the internal network effectively had
somewhat of a gateway in every node from just about the start ...
making adding new nodes and different kinds of nodes much easier ...
something that the arpanet/internet didn't get until great cut-over on
1jan1983. lots of past internal network posts
https://www.garlic.com/~lynn/subnetwork.html#internalnet
at the time of the great cut-over, the arpanet/internet had approx 100
(IMP) nodes and around 255 connected hosts ... at the same time, the
internal network was rapidly approaching 1000 nodes which it
passed later in the year. old post with some internal network from 1983
(including list of all world-wide corporate locations that had new
nodes added during the year)
https://www.garlic.com/~lynn/2006k.html#8 Arpa address
one of the contributing factors for the internet passing internal network (in number of nodes) was that workstations and PCs were starting to appear as internet nodes ... while the internal network was restricted to mainframe hosts (as part of the communication group war to preserve their terminal emulation install base).
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Sat, 23 Mar 2013 21:41:19 -0400Steele comments GAO ... mentioned in this reference to article by Winslow (at the bottom there are lots of URLs to other articles by both Chuck Spinney and Winslow Wheeler)
Winslow Wheeler: GAO (A Legislative Entity) Plays Courtesan to
Lockheed, DoD, and the Congressional Recipients of Lockheed Largesse +
F-35 RECAP
http://www.phibetaiota.net/2013/03/winslow-wheeler-gao-a-legislative-entity-plays-courtesan-to-lockheed-dod-and-the-congressional-recipients-of-lockheed-largesse/
from above (towards the bottom after copy of the original article):
GAO is required to do its analysis on the basis of prescribed
assumptions from its Congressional masters that are inevitably corrupt
-- designed to suck the integrity out of any analytic endeavor.
Despite this, GAO in the past has been relatively reliable as a source
to mix with others. With the departure of the former director of GAO
to front for Peter Peterson and Wall Street on a campaign to assure
government payment of fraudulently contrived debt, GAO appears to have
lost even more of its integrity under his succesor
... snip ...
Over the past decade or so, I have periodically quoted the former head of GAO (comptroller general) ... especially in posts here in a.f.c.
original Winslow article appears here:
Error Report; Is there a government conspiracy to save the F-35?
http://www.foreignpolicy.com/articles/2013/03/22/error_report
from above:
Every GAO report should be, and is widely assumed to be, completely
independent of any influence from outsiders, especially those who are
the subject of investigation. The way I saw GAO operate during my
tenure there as an assistant director and as former colleagues and
other GAO contacts continue to tell me, that essential independence is
sometimes compromised.
... snip ...
the former comptroller general would periodically say in speeches,
that nobody in congress was capable of middle school arithmetic (based
on the terrible things they were doing to the budget ... which started
after congress let the fiscal responsibility act expire in 2002;
required spending match tax revenues). One of the first major acts
after allowing fiscal responsibility act to expire was medicare part-d
... which he said was a long-term $40T unfunded mandate that would
come to swamp all other budget items. cbs 60mins had an expose on how
the bill was passed and the 18 responsible (of the majority party at
the time) ... who had all resigned and were on drug industry payrolls
not long afterwards. misc. past posts mentioning the fiscal
responsibiilty act expiring in 2002 and the (former) comptroller
general
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#29 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#33 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011j.html#18 Congressional Bickering
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
https://www.garlic.com/~lynn/2012c.html#53 PC industry is heading for more change
https://www.garlic.com/~lynn/2012e.html#58 Word Length
https://www.garlic.com/~lynn/2012f.html#81 The Pentagon's New Defense Clandestine Service
https://www.garlic.com/~lynn/2012g.html#6 Adult Supervision
https://www.garlic.com/~lynn/2012g.html#45 Fareed Zakaria
https://www.garlic.com/~lynn/2012h.html#25 US economic update. Everything that follows is a result of what you see here
https://www.garlic.com/~lynn/2012h.html#27 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#33 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#61 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#68 Interesting News Article
https://www.garlic.com/~lynn/2012i.html#0 Interesting News Article
https://www.garlic.com/~lynn/2012i.html#41 Lawmakers reworked financial portfolios after talks with Fed, Treasury officials
https://www.garlic.com/~lynn/2012i.html#63 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012i.html#81 Should the IBM approach be given a chance to fix the health care system?
https://www.garlic.com/~lynn/2012k.html#37 If all of the American earned dollars hidden in off shore accounts were uncovered and taxed do you think we would be able to close the deficit gap?
https://www.garlic.com/~lynn/2012k.html#45 If all of the American earned dollars hidden in off shore accounts were uncovered and taxed do you think we would be able to close the deficit gap?
https://www.garlic.com/~lynn/2012k.html#74 Unthinkable, Predictable Disasters
https://www.garlic.com/~lynn/2012k.html#79 Romney and Ryan's Phony Deficit-Reduction Plan
https://www.garlic.com/~lynn/2012m.html#33 General Mills computer
https://www.garlic.com/~lynn/2012n.html#0 General Mills computer
https://www.garlic.com/~lynn/2012p.html#30 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2012p.html#36 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2012p.html#40 Stealth Target of Defense Spending Cuts: America's Highly Effective Socialized Medicine Provider, the VA System, and Military Benefits Generally
https://www.garlic.com/~lynn/2012p.html#41 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2012p.html#43 Search Google, 1960:s-style
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sun, 24 Mar 2013 10:06:19 -0400Shmuel (Seymour J.) Metz <spamtrap@library.lspace.org.invalid> writes:
oops, finger-check; 3705 ... and then 3725
at science center in the first half of the 70s, there was an effort to try and convince the communication group to use "peachtree" (processor used in series/1) as the processor for the 3705 communication controller ... but instead they used an extremely slow UC processor.
one of the baby bells in the 80s, did do a 37x5/NCP/PU4 emulator with channel interface board on series/1 ... but then carried SNA RUs in real network. they emulated VTAM/PU5 cross-domain support outboard in the distributed series/1s ... for no-single point of failure (no more if the "owning" 370 VTAM/PU5 was down, couldn't do anything even if the rest of the system was up).
I was sucked into turning it into an official IBM product and upgrading
the Series/1 to RIOS (rs/6000) risc/801 processor. old post with part of
pitch I presented at fall 1986 SNA architecture review board meeting in
Raleigh
https://www.garlic.com/~lynn/99.html#67 System/1 ?
followup post with part of presentation by one of the original baby bell
authors at spring 1986 "COMMON" user group meeting (series/1)
https://www.garlic.com/~lynn/99.html#70
then from what only be described as truth is stranger than fiction ... is what the communication group did to block my effort to turn it out as IBM product (I already had all the funding in place and lined up customer pre-orders to completely recover costs & overhead in less than year; one of the largest 37x5/VTAM customer installations in the world claimed that they could buy all the new equipment, write-off the old, and come out ahead in less than a year).
topic drift ... as undergraduate in the 60s ... when cp67 was delivered
it had 2741 & 1052 terminal support, but the univ. had some number of
TTY33s ... so I did the tty/ascii terminal support for cp67. as part of
this, I tried to get the 2702 terminal controller to do something it
couldn't quite do. Somewhat as result, the univ launched a terminal
controller clone effort that started with Interdata/3 ... reverse
engineering the 360 channel interface, building clone controller channel
interface board, programming the Interdata/3 to emulate 2702 (with
support for all the features I wanted to do). Later it morphs into an
Interdata/4 (for the mainframe interface) and multiple Interdata/3s as
line-scanners (all in single box). Later, four of us were written up for
being responsible for (some part of) the clone controller business. some
past posts
https://www.garlic.com/~lynn/submain.html#360pcm
interdata is then selling it as product; Perkin-Elmer then buys Interdata and selling it under the Perkin-Elmer logo. In the early 90s, I ran into somebody that had formally been Perkin-Elmer salesman that says he did quite well selling the boxes to the federal government (he said that the channel interface board looked as if it hadn't been changed since our original design/implementation). In the late 90s, in walk through of major credit card processing datacenter ... I find one of the later Perkin-Elmer boxes handling a majority of the dialup point-of-sale terminal traffic on the east coast.
this reference to the future system effort started in the early 70s says
major motivation was to be countermeasures to clone controllers
https://www.ecole.org/en/session/49-the-rise-and-fall-of-ibm
from above:
IBM tried to react by launching a major project called the 'Future
System' (FS) in the early 1970's. The idea was to get so far ahead that
the competition would never be able to keep up, and to have such a high
level of integration that it would be impossible for competitors to
follow a compatible niche strategy. However, the project failed because
the objectives were too ambitious for the available technology. Many of
the ideas that were developed were nevertheless adapted for later
generations. Once IBM had acknowledged this failure, it launched its
'box strategy', which called for competitiveness with all the different
types of compatible sub-systems.
... snip ...
there have been some references to the extrodinary baroque and obtuse PU4/PU5 interface as attempt to meet the original future system objectives
past posts mentioning future system
https://www.garlic.com/~lynn/submain.html#futuresys
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sun, 24 Mar 2013 10:31:17 -0400Anne & Lynn Wheeler <lynn@garlic.com> writes:
before the really bizarre corporate dirty tricks by the communication
group kicked in ... they tried a bunch of obfuscation and misdirection
trying to cast doubt (aka FUD) on the comparisons to 3725/ncp
operation ... this post
https://www.garlic.com/~lynn/2011e.html#32 SNA/VTAM Misinformation
with this old email
https://www.garlic.com/~lynn/2011e.html#email870218
and
https://www.garlic.com/~lynn/2011e.html#email870219
for the 3725/NCP analysis I used a standard HONE "configurator" (supplied and sanctioned by communication group for use by sales & marketing people for sizing and configuring their products).
HONE was the online (virtual machine) based world-wide sales & marketing support system. Lots of the applications were implemented in cms apl. Most products were so complex ... that sales person was required to generate most product orders using a HONE configurator (in part keeping the multitude of features, options, prerequisites, etc straight).
it was unusual for internal people to have HONE access ... but since I
provided custom operating system for HONE operation (from just about
the beginning of HONE for well over a decade) ... I had special
access. misc. past posts mentioning HONE (&/or APL)
https://www.garlic.com/~lynn/subtopic.html#hone
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@garlic.com Subject: The Madness of King George Revisited Date: 24 Mar 2013 Blog: FacebookThe Madness of King George Revisited
from above:
Faced with this reality in the 1980s, the military reformers in the
Pentagon led by Col John R. Boyd found it necessary to develop a more
precise working definition of madness: We concluded that madness
occurs when the decision maker's Observation -- Orientation --
Decision -- Action (OODA) loop becomes increasingly distorted and
disconnected from its environment by the existence of Incestuous
Amplification.
... snip ...
steele references with additional:
Roasting Dick Cheney, the Neo-Cons, and Blatant (Treasonous) Lies
... Ends with a Call for a Truth & Reconciliation Commission
http://www.phibetaiota.net/2013/03/chris-matthews-roasting-dick-cheney-the-neo-cons-and-blatant-treasonous-lies-ends-with-a-call-for-a-truth-reconciliation-commission/
his blog on Spinney's article
http://www.phibetaiota.net/2013/03/chuck-spinney-the-mind-of-the-decider-ignorance-plus-arrogance-disconnected-from-reality-while-all-others-buried-their-integrity/
(same) spinney's article at time:
Iraq Invasion Anniversary: Inside The Decider's Head
http://nation.time.com/2013/03/22/iraq-invasion-anniversary-inside-the-deciders-head/
The US Embassy In Baghdad Cost A Staggering $750 Million
http://www.businessinsider.com/750-million-united-states-embassy-iraq-baghdad-2013-3
from above:
They had been told it would cost $50 billion and that it would end
soon.
... snip ...
other reports that the justification for the invasion began early in the administration, well before 9-11, and the public sell was that it would only cost $50B-$60B. Recent GAO report has $60B in Iraq disappearing into (us) corporate pockets with little or nothing to show for it. The current bill for Iraq is listed at $1.6T and projections it will eventually reach $5T-$6T (including long-term veteran benefits and medical bills) ... a 100 times greater than the original claims.
recent iraq facebook B&B discussion
https://www.garlic.com/~lynn/2013c.html#16 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
https://www.garlic.com/~lynn/2013c.html#28 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
https://www.garlic.com/~lynn/2013c.html#45 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
https://www.garlic.com/~lynn/2013c.html#86 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
https://www.garlic.com/~lynn/2013d.html#30 A Matter of Mindset: Iraq
Boyd relates posts &/or references
https://www.garlic.com/~lynn/subboyd.html
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Arthur C. Clarke Predicts the Internet, 1974 Newsgroups: alt.folklore.computers Date: Sun, 24 Mar 2013 11:19:48 -0400Anne & Lynn Wheeler <lynn@garlic.com> writes:
some recent cross-over from another blog:
The Mother of All Demos, presented by Douglas Engelbart (1968)
http://www.nakedcapitalism.com/2013/03/the-mother-of-all-demos-presented-by-douglas-engelbart-1968.html
from above:
Finally, and however, this. (Amazingly, a transcript for MoAD was put up
on Github just this month). Toward the end, Engelbart says:
[ENGELBART: Anyway, one of the interesting things that NLS does, just an
advantage of being online is that it keeps track of who you are and what
you're doing all the time. So on these statements, uh ... on
everything, every statement that you write it keeps track of who you are
and when you did it.
... snip ...
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sun, 24 Mar 2013 15:42:27 -0400Dan Espen <despen@verizon.net> writes:
it had been a baby bell (not labs) ... they had technology group with about 120 people working on it and various other things. at the time, they were part of regional bell. a lot of the effort was directed at spoofing ibm mainframe sna/vtam ... but had support for interfacing to other kinds of mainframe also.
part of the work was also very sophisticated network graphical management application.
the truth is stranger than fiction way that the communication group shut me down (on the effort) ... was that they cut a deal with regional bell hdqtrs operation (located at a different baby bell, so there was some internal competition since they had been different baby bells) for the communication group to 1) "buy" the graphical network monitoring application to be used for graphical NETVIEW and 2) part of the deal with that regional bell hdqtrs was it would shutdown the technology group in the other baby bell (and put all the people on the street). First I heard of it was when the IBM consulting marketing rep (for the account) called me ... explained all the gory details ... and asked me if I could hire several people from the baby bell technology group.
about the time, new series/1 machines were getting a little hard to come by ... and I think boca s/1 was hoping to ramp up manufacturing
ROLM had been bought ... and as part of moving from data general, ROLM had placed an order for several hundred series/1. would periodically go buy the rolm campus for some horse trading on machines.
one of their issues was that they had a development effort which then used a slow-speed link to transfer from the development machine to a test machine that could take 24hrs elapsed time. I was asked to look at putting together a T1 operation that would significantly speed up the transfer to the test machines (and in return horse trade on some of their series/1 allocation).
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sun, 24 Mar 2013 17:41:12 -0400"Charlie Gibbs" <cgibbs@kltpzyxm.invalid> writes:
i remember business trips to stockholm, being told about the significant swedish alcoholism problem and the government had very strict laws and enormous taxes ... then watching tv with gov. liqueur stores adverstising sales (which seemed to be counter-productive to their primary goal).
things wavered back&forth between income tax and alcohol/tabacco tax
"The Benefit and The Burden"
https://www.amazon.com/The-Benefit-Burden-ebook/dp/B005LJEVDM
loc282-84:
The unpopularity of the income tax led to its expiration in 1872. To
replace the lost revenue, the federal government expanded the taxation
of alcohol and tobacco. By 1900 these taxes constituted 43 percent of
federal revenue. Customs duties raised 41 percent.
... snip ...
I recently finished book on sector of the lobbying industry that was
fostered by the tobacco industry ... releasing all sorts of obfuscation
and misdirection PR as well as funding research that showed lack of link
between smoking and cancer, as well as scientists that would distort
statistics regarding smoking. When that business fell off, that part of
the lobbying industry looking for other causes that needed fabrication;
"Merchants of Doubt"
https://www.amazon.com/Merchants-of-Doubt-ebook/dp/B003RRXXO8/
There is some overlap with the "Merchants of Doubt" and current
book I'm finishing "Ike's Bluff"
https://www.amazon.com/Ikes-Bluff-President-Eisenhowers-ebook/dp/B0076DCPI4/
where Eisenhower warns about the Military-Industrial(-Congressional) complex (MICC) ... with several examples that they try and fabricate justification for some program or another ... where some of the same "Merchants of Doubt" then get involved in fabrication related to military programs.
appear to now be active with f-35
https://www.garlic.com/~lynn/2013d.html#56 What Makes an Architecture Bizarre?
some other posts on the subject:
https://www.garlic.com/~lynn/2012b.html#87 The Benefit and The Burden
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#46 PC industry is heading for more change
https://www.garlic.com/~lynn/2013c.html#16 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Sun, 24 Mar 2013 19:48:18 -0400Peter Flass <Peter_Flass@Yahoo.com> writes:
more recent archived here (and with dozen or earlier refs)
https://www.garlic.com/~lynn/2013c.html#58 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
with this reference ... not just robo-signing but also fabrication alteration ... most of the people knew what they were doing ... but they were being payed to do it ... if they complained, they were replaced ... only very few were whistle blowers
Whistleblower: Wells Fargo Fabricated and Altered Mortgage Documents
on a Mass Basis
http://www.nakedcapitalism.com/2013/03/whistleblower-wells-fargo-fabricated-mortgage-documents-on-a-mass-basis.html
from above:
A contractor who worked at a Wells Fargo facility in Minnesota reports
that the bank engaged in systematic, large scale alteration of
mortgage notes and fabrication of related documents in preparation for
foreclosure. The procedures the bank used are questionable for a large
portion of the mortgages.
A team of roughly 100 temps divided across two shifts would review
borrower notes (the IOU) to see whether they met a set of requirements
the bank set up. Any that did not pass (and notes in securitized
trusts were almost always failed) went to another unit in the same
facility. They would later come back to the review team to check if
the fixes and fabrications had been done correctly.
... snip ...
earlier archived reference
https://www.garlic.com/~lynn/2013.html#41
More Whistleblower Leaks on Foreclosure Settlement Show Both
Suppression of Evidence and Gross Incompetence
http://www.nakedcapitalism.com/2013/01/more-whistleblower-leaks-on-foreclosure-settlement-show-both-suppression-of-evidence-and-gross-incompetence.html
from above:
No wonder the Fed and the OCC snubbed a request by Darryl Issa and
Elijah Cummings to review the foreclosure fraud settlement before it was
finalized early last week. What had leaked out while the Potemkin
borrower reviews were underway showed them to be a sham, as we detailed
at length in an earlier post. But even so, what actually took place was
even worse than hardened cynics had imagined.
... snip ...
other refs:
Cummings criticizes mortgage servicer settlement
http://www.baltimoresun.com/business/real-estate/wonk/bs-re-cummings-criticizes-mortgage-servicer-settlement-20130109,0,7969992.story
Pending Foreclosure Fraud Settlement Achieves New Level of Abject
Regulatory Failure
http://www.nakedcapitalism.com/2013/01/pending-foreclosure-fraud-settlement-achieves-new-level-of-abject-regulatory-failure.html
Foreclosure Review Insiders Portray Massive Failure, Doomed From The
Start
http://www.huffingtonpost.com/2013/01/14/foreclosure-review-failure-start_n_2468988.html
more recent:
New Ruling on Mortgage Putbacks a Potential Huge Win for Banks
http://www.nakedcapitalism.com/2013/01/new-ruling-on-mortgage-putbacks-a-potential-huge-win-for-banks.html
from above:
Investors in mortgage-backed securities were not quite as dumb as the
crisis aftermath had made them look. The sponsors of the securitizations
made promises in the offering documents (called representations and
warranties) about the quality of the loans. It turns out they lied.
... snip ...
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Sun, 24 Mar 2013 21:56:22 -0400in the congressional madoff hearings they had the person that had tried unsuccessfully for a decade to get the SEC to do something about Madoff. News organizations tried repeatedly to get the person for interviews ... finally he sent a legal representative. The legal representative explained that the person was concerned for his physical safety ... conjecture was that both Madoff and the SEC were under the influence of some very bad people ... and that was why the SEC spent and a decade ignoring him.
He had testified that whistleblowers/tips turn up 13 times more fraud than audits ... that SEC didn't have a tip-line (aka whistle-blowers) ... but did have a 1-800 number for corporations to complain about audits. He was also asked if new regulations were needed; he replied that while new regulations might be needed was much more important for transparency and visibility (regulations would only mean something if regulatory agencies were to actually do something .... but if agencies like SEC weren't doing anything ... it hardly matter what the regulations were).
A year later, he was on book tour and said he had changed his mind ... that Madoff had turned himself in (effectively forcing SEC to take some action) ... looking for gov. protection ... because Madoff had defrauded some very bad people. However, that still didn't explain why SEC didn't do anything.
Note that decade ago, congress passed Sarbanes-Oxley ... claiming it would prevent any future Enron/Worldcoms (even tho there were claims that at the time, SEC had sufficient authority already to have prevented Enron & Worldcom situations) ... further more any auditors and top executives that signed public company financial reports that had incorrect numbers, they would do jail time. Jokes at the time, SOX actually was just a present to the audit industry ... requiring significantly more stringent audits (and more business for audit agencies).
Possibly because even GAO (last decade) thought that SEC wasn't doing
anything, it started doing reports of fraudulent public company
financial filings ... even showing uptic/increase after Sarbanes-Oxley
.. in theory under SOX all the auditors and executives would be doing
jail time.
http://www.gao.gov/products/GAO-03-395R
http://www.gao.gov/products/GAO-06-678
https://www.gao.gov/products/gao-06-1079sp
As an aside, Sarbanes-Oxley also had provision for SEC to do something about rating agencies. The rating agencies played pivotal role in the recent financial mess. Securitized mortgages had been used during the S&L crisis to obfuscate fraudulent mortgages ... but there was little market. More recently (mostly unregulated) loan originators found that they could pay the rating agencies for triple-A ratings (when both the sellers and the rating agencies knew they weren't worth triple-A, from oct2008 congressional hearings into the rating agenices), giving them access to the huge market of institutional investors that are restricted to only dealing in "safe" investments (like large institutional retirement funds). Part of the rating agency congressional hearings was that the business model had become "mis-aligned" in the early 70s when they changed to the sellers paying for the ratings (nominally the ratings are for the benefit of the buyers, but having the sellers pay for the ratings, aligns the rating agencies with the sellers). Note that during the financial bubble/mess last decade, there was $27T in these transactions performed.
In hearings, there was observation that regulation is extremely more difficult when entities are incented to do the wrong thing (business process mis-aligned). Before I graduated, I was solicited by one of the online virtual machine-based service bureaus that was rapidly moving upstream into financial information. Early jan2009, when there was still some facade that the appropriated TARP funds ($700B) would be used to buy toxic assets, there was brief mention of this company participating in valuation (end of 2008, valued at face-value, just the four largest too-big-to-fail were carrying $5.2T of toxic assets "off-book" ... at the time, the market value was 22cents on the dollar, if they had been forced to bring them back on the books at market value, the four largest too-big-to-fail would have been declared insolvent and forced to be liquidated). It turns out that this company had bought the pricing services division from one of the rating agencies in the early 70s (about the same time the rating agency business model became mis-aligned, might be interpreted as no longer needed accurate assessement of financial instruments being rated).
recent posts discussing/mentioning whistleblowers (and some amount about
the various protections supposedly in place to protect whistleblowers
doesn't seem to be working)
https://www.garlic.com/~lynn/2013.html#41 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013.html#73 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#0 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#9 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.htme#16 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#27 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#36 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#47 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#64 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#70 Implementing a Whistle-Blower Program - Detecting and Preventing Fraud at Workplace
https://www.garlic.com/~lynn/2013c.html#6 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#18 WhistleWatch -- Blog Archive -- Former Top Federal Whistleblower Protector Scott Bloch, Esq. Pleads Guilty to Destruction of Government Property
https://www.garlic.com/~lynn/2013c.html#19 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#26 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#39 NPC Luncheon with Thomas Drake, NSA Whistleblower
https://www.garlic.com/~lynn/2013c.html#43 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#45 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
https://www.garlic.com/~lynn/2013c.html#58 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013d.html#25 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
https://www.garlic.com/~lynn/2013d.html#31 Bank Whistleblower Claims Retaliation And Wrongful Termination
https://www.garlic.com/~lynn/2013d.html#36 Bank Whistleblower Claims Retaliation And Wrongful Termination
https://www.garlic.com/~lynn/2013d.html#54 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#63 What Makes an Architecture Bizarre?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Sun, 24 Mar 2013 22:57:34 -0400hancock4 writes:
compensation rising with productivity from end of ww2 until late 70s ... when it went flat. after compensation went flat started seeing increasing two-income families attempting to stay even.
shows 1975 with 47% of women with children under 18 working and 2008 it had risen to 71% ... and household debt exploding.
recent posts referencing the article:
https://www.garlic.com/~lynn/2012m.html#39 General Mills computer
https://www.garlic.com/~lynn/2012m.html#65 General Mills computer
https://www.garlic.com/~lynn/2012o.html#73 These Two Charts Show How The Priorities Of US Companies Have Gotten Screwed Up
https://www.garlic.com/~lynn/2012p.html#44 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2012p.html#64 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2013.html#1 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2013.html#15 Search Google, 1960:s-style
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Arthur C. Clarke Predicts the Internet, 1974 Newsgroups: alt.folklore.computers Date: Mon, 25 Mar 2013 07:43:37 -0400"Stanley Daniel de Liver" <admin@127.0.0.1> writes:
there was psuedo device 3270 simulation for vm370/cms (predating PCs). person responsible for internal VMSG email client (used by the released PROFS product, when he offered them an updated version, they tried to get him fired, since they had already claimed credit for doing it; it all died done when he pointed out that every PROFS msg in the world had his initials in non-displayed field) ... also did parasite/story ... which provided for programmed terminal scripting (HLLAPI-like) language for simulated 3270 (predating HLLAPI)
past post with more description and examples
https://www.garlic.com/~lynn/2001k.html#35 Newbie TOPS-10 7.03 question
and another example ... log into the field engineering fix/change
database and display (aka download) latest information
https://www.garlic.com/~lynn/2001k.html#36 Newbie TOPS-10 7.03 question
my periodic rant was at least by 2nd half of the '80s, PCs were moving
beyond simple terminal emulation to full distributed network nodes
... the communication group trying to fight it off and preserve its
terminal emulation paradigm contributed significantly to nearly taking
down the company ... various past posts
https://www.garlic.com/~lynn/subnetwork.html#emulation
other past posts mentioning parasite/story
https://www.garlic.com/~lynn/2003i.html#73 Computer resources, past, present, and future
https://www.garlic.com/~lynn/2003j.html#24 Red Phosphor Terminal?
https://www.garlic.com/~lynn/2004e.html#14 were dumb terminals actually so dumb???
https://www.garlic.com/~lynn/2005r.html#12 Intel strikes back with a parallel x86 design
https://www.garlic.com/~lynn/2006c.html#14 Program execution speed
https://www.garlic.com/~lynn/2006f.html#37 Over my head in a JES exit
https://www.garlic.com/~lynn/2006m.html#35 Draft Command Script Processing Manual
https://www.garlic.com/~lynn/2006n.html#23 sorting was: The System/360 Model 20 Wasn't As Bad As All That
https://www.garlic.com/~lynn/2006p.html#31 "25th Anniversary of the Personal Computer"
https://www.garlic.com/~lynn/2006w.html#16 intersection between autolog command and cmsback (more history)
https://www.garlic.com/~lynn/2007.html#23 How to write a full-screen Rexx debugger?
https://www.garlic.com/~lynn/2007o.html#65 The use of "script" for program
https://www.garlic.com/~lynn/2008g.html#22 Was CMS multi-tasking?
https://www.garlic.com/~lynn/2009k.html#0 Timeline: The evolution of online communities
https://www.garlic.com/~lynn/2009l.html#43 SNA: conflicting opinions
https://www.garlic.com/~lynn/2009q.html#4 Arpanet
https://www.garlic.com/~lynn/2009q.html#66 spool file data
https://www.garlic.com/~lynn/2010k.html#73 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010m.html#80 3270 Emulator Software
https://www.garlic.com/~lynn/2011b.html#67 If IBM Hadn't Bet the Company
https://www.garlic.com/~lynn/2011b.html#73 Custom programmability for 3270 emulators
https://www.garlic.com/~lynn/2011b.html#83 If IBM Hadn't Bet the Company
https://www.garlic.com/~lynn/2011f.html#10 History of APL -- Software Preservation Group
https://www.garlic.com/~lynn/2011f.html#11 History of APL -- Software Preservation Group
https://www.garlic.com/~lynn/2011m.html#44 CMS load module format
https://www.garlic.com/~lynn/2011o.html#30 Any candidates for best acronyms?
https://www.garlic.com/~lynn/2012.html#64 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012d.html#17 Inventor of e-mail honored by Smithsonian
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Mon, 25 Mar 2013 08:02:48 -0400Anne & Lynn Wheeler <lynn@garlic.com> writes:
for more computer related ... one of the two people that
was responsible for visicalc, worked at this company.
https://en.wikipedia.org/wiki/VisiCalc
from above:
The development of Visicalc took two months of work by Frankston and
Bricklin during the winter of 1978-79. Their original intention was for
it to fit in 16k, but this proved impossible and 32k became necessary
(some additional features they wanted like a split text/graphics screen
still had to be omitted for space reasons). However, Apple eventually
began shipping all Apple IIs with 48k following a drop in RAM prices and
this was no longer an issue.
... snip ...
reference to over $27T in securitized loans doine during the financial
bubble/mess (significantly enabled by being able to pay the rating
agencies for triple-A ratings)
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
this moved the mortgage industry from regulated depository financial instituations based on profit off the monthly payments to new revenue stream for wallstreet, based on transaction fees&commissions on the triple-A rated toxic CDOs ... wallstreet possibly skimming $4T-$5T (off the over $27T in transactions) ... would explain claims that wallstreet tripled in size (as percent of GDP) during the financial bubble/crisis (and wallstreet bonuses went up over 400%).
reference that just four largest too-big-to-fail carrying $5.2T in toxic
assets "off-book" at the end of 2008.
Bank's Hidden Junk Menaces $1 Trillion Purge
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akv_p6LBNIdw&refer=home
TARP originally appropriate $700B to purchase the (off-book) toxic
assets
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
which wouldn't been enough to buy the $5.2T (from just the four largest too-big-to-fail) ... even at 22cents on the dollar.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Mon, 25 Mar 2013 08:54:51 -0400Dave Garland <dave.garland@wizinfo.com> writes:
some recent posts mentioning being able to pay for triple-A rating
(regardless of actual quality) enabled enormous amount of fraud in the
loan industry ... and the over $27T in transactions done during the
financial bubble/mess
https://www.garlic.com/~lynn/2013b.html#46 Bankers Who Made Millions In Housing Boom Misled Investors: Study
https://www.garlic.com/~lynn/2013b.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#26 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013d.html#25 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
https://www.garlic.com/~lynn/2013d.html#64 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#67 What Makes an Architecture Bizarre?
later when things like foreclosures came up ... the current mortgage/instrument owners found that it was "where's the beef" time ... and the institutions administering the loans started fraudulently generating the enormous amounts of missing stuff.
we were brought in on the peripheral of this in the late 90s. we had
been brought in to help word-smith the cal. electronic signature
legislation. the mortgage industry was then looking at moving to
electronic documents with electronic signatures as means of making the
mortgage process significantly more efficient ... and supposedly MERS
was going to be the institution for all of this.
http://topics.nytimes.com/top/news/business/companies/mortgage_electronic_registration_systems_inc/index.html
also, securitized mortgages had been used during the S&L crisis to obfuscate fraudulent mortgages. we were also asked to look at improving the integrity of supporting documents in securitized mortgages. However, we the advent of being able to pay for triple-A rating on everything and the move to "liar loans" & no-documentation loans ... that mostly evaporated ... with no documentation ... there was no longer an issue of supporting document integrity and/or electronic signatures on electronic documents
other past posts mentioning MERS:
https://www.garlic.com/~lynn/2010o.html#24 What Is MERS and What Role Does It Have in the Foreclosure Mess?
https://www.garlic.com/~lynn/2012c.html#38 The Death of MERS
https://www.garlic.com/~lynn/2012c.html#46 PC industry is heading for more change
https://www.garlic.com/~lynn/2012c.html#49 PC industry is heading for more change
https://www.garlic.com/~lynn/2012g.html#8 Adult Supervision
https://www.garlic.com/~lynn/2012m.html#55 General Mills computer
https://www.garlic.com/~lynn/2012n.html#12 Why Auditors Fail To Detect Frauds?
https://www.garlic.com/~lynn/2013b.html#39 The Alchemy of Securitization
other recent posts about whistleblowers involved in fabricating &
forging documents ... with little regard for the validating of
the information
https://www.garlic.com/~lynn/2013.html#41 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013.html#73 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#0 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#9 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#16 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#27 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#36 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#47 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#64 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#6 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#18 WhistleWatch -- Blog Archive -- Former Top Federal Whistleblower Protector Scott Bloch, Esq. Pleads Guilty to Destruction of Government Property
https://www.garlic.com/~lynn/2013c.html#19 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#26 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#43 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#58 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013d.html#31 Bank Whistleblower Claims Retaliation And Wrongful Termination
https://www.garlic.com/~lynn/2013d.html#36 Bank Whistleblower Claims Retaliation And Wrongful Termination
https://www.garlic.com/~lynn/2013d.html#54 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#63 What Makes an Architecture Bizarre?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Mon, 25 Mar 2013 10:03:49 -0400Dave Garland <dave.garland@wizinfo.com> writes:
recent discussions of the madoff congressional hearings and person
that had tried unsuccessfully for a decade trying to get SEC to
do something about Madoff (SEC was finally forced to do something
when he turned himself in)
https://www.garlic.com/~lynn/2013d.html#4 Live-Blogging Senate Hearing
Tomorrow, When J.P. Morgan Chase Will Be Torn a New One
https://www.garlic.com/~lynn/2013d.html#31 Bank Whistleblower Claims
Retaliation And Wrongful Termination
https://www.garlic.com/~lynn/2013d.html#64 What Makes an Architecture Bizarre?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Mon, 25 Mar 2013 10:25:07 -0400Dave Garland <dave.garland@wizinfo.com> writes:
the guaranteed triple-A rating allowed the loan originators to unload every loan they wrote at face value w/o regard to borrower qualifications and/or loan quality. this morphs into liar loans and no-documentation loans ... triple-A rating enabled mortgage business to move to wallstreet transactions ... more than $27T done during the financial mess/bubble ... with wallstreet skimming possibly $4T-$5T in new revenue stream ... major part of claim that wallstreet tripled in size (as percent of GDP) during the bubble (as well as wallstreet bonuses increased by over 400%). things like documentation and doing income verification just slowed down the rate that they could turn over the transactions.
later, when there was requirement for valid documentation for things like foreclosures, fraudulent documents were fabricated with little regard for accuracy of the information (robosigned).
no. 1 on list of those responsible for the financial mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
later in congressional hearing, he denies knowing what income verificiation means ... even though he had been in the industry for decades.
Angelo Mozilo, Former Countrywide CEO, Claims He Doesn't Know What
'Verified Income' Is
http://www.rollingstone.com/politics/blogs/taibblog/angelo-mozilo-former-countrywide-ceo-claims-he-doesnt-know-what-verified-income-is-20121228
securitized mortgages had been used during the S&L crisis to obfuscate fraudulent mortgages ... but they had little market. With triple-A ratings the market significantly increased .... including the large institutional investors that only dealt in "safe" investments (like large institutional retirement funds).
wallstreet had several objectives in this ... turning mortgage business into enormous new money stream for the industry (enormous fees&commissions on the over $27T in triple-A rated toxic CDOs) ... but also looting the funds of the large institutional retirement funds. wallstreet had been behind major lobbying for 401k retirement plans ... because the fees from individual 401k plans was significantly higher than they could get from the institutional retirement funds. the triple-A ratings on toxic CDOs then allowed wallstreet to also significantly loot those funds. This is also why they've been behind some of the major lobbying efforts to "privatize" social security ... so they can get their hands on the enormous amount of money squirreled away there.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Mon, 25 Mar 2013 15:23:20 -0400hancock4 writes:
not that I know of ... lots of press about regulatory agencies maybe holding rating agencies accountable seems to be obfuscation and misdirection
quicky web search engine turns up
A Pattern of Unaccountability: Rating Agency Liability, The Dodd-Frank
Act, and a Financial Crisis That Could Have Been Prevented
http://works.bepress.com/stephen_alicanti/4/
Rating Agencies Dodge Accountability Again
http://www.theatlantic.com/business/archive/2010/09/rating-agencies-dodge-accountability-again/62392/
Wall Street and the Financial Crisis: Anatomy of a Financial Collapse
https://en.wikipedia.org/wiki/Wall_Street_and_the_Financial_Crisis:_Anatomy_of_a_Financial_Collapse
the above uses the excuse of lack of regulation ... but Sarbanes-Oxley had asked SEC to do something about the rating agencies ... and it didn't.
Sarbanes-Oxley Act of 2002
https://en.wikipedia.org/wiki/Sarbanes-Oxley_Act
rhetoric leading up to passage of SOX was that SEC would put auditors and executives in jail that signed public company financial filings that had incorrect information. possibly because GAO didn't think SEC was doing anything, it started doing reports of fradulent public company financial filings ... even showing uptic after SOX. All of the auditors and executives should be doing jail time, but I don't know of any that are ... so I wouldn't expect a lot on the rating agencies.
New rules on credit rating agencies (europe)
http://europa.eu/rapid/press-release_MEMO-13-13_en.htm
other recent posts mentioning rating agencies:
https://www.garlic.com/~lynn/2013.html#0 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2013.html#21 AIG may join bailout lawsuit against U.S. government
https://www.garlic.com/~lynn/2013.html#34 How Bankers Help Drug Traffickers and Terrorists
https://www.garlic.com/~lynn/2013.html#44 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#49 Insider Fraud: What to Monitor
https://www.garlic.com/~lynn/2013.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#62 Taleb On "Skin In The Game" And His Disdain For Public Intellectuals
https://www.garlic.com/~lynn/2013.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#30 Email Trails Show Bankers Behaving Badly
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#38 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#39 The Alchemy of Securitization
https://www.garlic.com/~lynn/2013b.html#46 Bankers Who Made Millions In Housing Boom Misled Investors: Study
https://www.garlic.com/~lynn/2013b.html#53 Should Bethany McLean Be Bothered by the Government Lawsuit Against S&P?
https://www.garlic.com/~lynn/2013b.html#70 Implementing a Whistle-Blower Program - Detecting and Preventing Fraud at Workplace
https://www.garlic.com/~lynn/2013c.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013d.html#25 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
https://www.garlic.com/~lynn/2013d.html#64 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#67 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#70 What Makes an Architecture Bizarre?
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Mon, 25 Mar 2013 20:41:34 -0400re:
another way that wallstreet was gaming the system was composing toxic CDOs that they were sure would fail, pay for the triple-A rating, sell them to their customers and then make CDS gambling bets that they would fail.
and old standby ... illegal manipulation but nothing to worry about from
the SEC
http://nypost.com/2007/03/20/cramer-reveals-a-bit-too-much/
and then comment by nobel economic winner
https://www.amazon.com/Thinking-Fast-and-Slow-ebook/dp/B00555X8OA
pg. 212:
Since then, my questions about the stock market have hardened into a
larger puzzle: a major industry appears to be built largely on an
illusion of skill. Billions of shares are traded every day, with many
people buying each stock and others selling it to them
... snip ...
more gaming the system providing an edge
Why It's Smart to Be Reckless on Wall Street
http://blogs.scientificamerican.com/guest-blog/2013/02/27/why-its-smart-to-be-reckless-on-wall-street/
from upthread
https://www.garlic.com/~lynn/2013d.html#54 What Makes an Architecture Bizarre?
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Tue, 26 Mar 2013 10:47:08 -0400re:
little recent cross-over from Financial Crime Risk, Fraud and Security discussion: "JP MORGAN SAW ITSELF AS ABOVE THE REGULATORS" and "JPMorgan Faulted on Controls and Disclosure in Trading Loss"
lots of obfuscation regarding what is going on in the derivative market (free hand to make derivative gambling bets and even have then insured/backed-up by the government)
World Derivatives Market Estimated As Big As $1.2 Quadrillion Notional,
as Banks Fight Efforts to Rein It In
http://www.nakedcapitalism.com/2013/03/worldwide-derivatives-market-estimated-as-big-as-1-2-quadrillion-as-banks-fight-efforts-to-rein-it-in.html
from above:
We wrote earlier about the recent move by bankers -- and the politicians
who serve them -- to unreform the derivatives market, to return it to
its pre-Dodd-Frank, pre-Crash-of-2007 state. This is a serious move by
banks and bank lobbyists, and it could well happen soon. The seven bills
in the House package of "tweaks" -- as the House Agriculture website
dishonestly puts it -- have cleared the committee with Democratic
support and are headed to the House floor. In the meantime, there are
companion bills in the Senate.
... snip ...
When You Weren't Looking, Democrat Bank Stooges Launch Bills to Permit
Bailouts, Deregulate Derivatives
http://www.nakedcapitalism.com/2013/03/when-you-werent-looking-democrat-bank-stooges-launch-bills-to-permit-bailouts-deregulate-derivatives.html
from above:
In the US, depositors have actually been put in a worse position than
Cyprus deposit-holders, at least if they are at the big banks that play
in the derivatives casino. The regulators have turned a blind eye as
banks use their depositaries to fund derivatives exposures. And as bad
as that is, the depositors, unlike their Cypriot confreres, aren't even
senior creditors. Remember Lehman? When the investment bank failed,
unsecured creditors (and remember, depositors are unsecured creditors)
got eight cents on the dollar. One big reason was that derivatives
counterparties require collateral for any exposures, meaning they are
secured creditors. The 2005 bankruptcy reforms made derivatives
counterparties senior to unsecured lenders. Lehman had only two itty
bitty banking subsidiaries, and to my knowledge, was not gathering
retail deposits. But as readers may recall, Bank of America moved most
of its derivatives from its Merrill Lynch operation its depositary in
late 2011.
... snip ...
and move of derivatives to FDIC insurance
US Deposits In Perspective: $25 Billion In Insurance, $9,283 Billion
In Deposits; $297,514 Billion In Derivatives
http://www.zerohedge.com/news/2013-03-19/us-deposits-perspective-25-billion-insurance-9283-billion-deposits-297514-billion-de
Wall Street Deregulation Advances As Top Democrat Warns That Vote
Could 'Haunt' Congress
http://www.huffingtonpost.com/2013/03/20/wall-street-deregulation-_n_2916795.html?1363804456
....
older history, no. 2 on list of those responsible for the financial
mess last decade (repeal of Glass-Steagall and blocking derivatives
from being regulated)
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
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 ...
and #3 responsible,
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877331,00.html
then
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.
and #4 responsible, head of SEC:
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877323,00.html
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Tue, 26 Mar 2013 13:37:11 -0400Stephen Sprunk <stephen@sprunk.org> writes:
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Tue, 26 Mar 2013 14:35:57 -0400Anne & Lynn Wheeler <lynn@garlic.com> writes:
and even more gaming the system ... frequently with the use of high-powered computer systems
Not a decent banker around
http://www.atimes.com/atimes/Global_Economy/GECON-01-260313.html
from above
First, credit default swaps are not solidly based, because their
settlement procedure can very easily be "gamed" - rather than the
current procedure it would make more sense to select a random number
between 1 and 100 as the percentage of the contract that was paid out on
default.
... snip, also
Truly almost 20 years of funny money and 30-40 years of misguided
deregulation have drained the financial sector of the quiet competence
it used to exhibit.
... snip ...
comments going back to end of last century
https://www.garlic.com/~lynn/2013d.html#73 What Makes an Architecture Bizarre?
HFT having no useful purpose other than gaming the system
https://www.garlic.com/~lynn/2013.html#2 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2013b.html#29 Destructive Destruction? An Ecological Study of High Frequency Trading
https://www.garlic.com/~lynn/2013d.html#41 Computer Simulations Reveal
Benefits of Random Investment Strategies Over Traditional Ones
https://www.garlic.com/~lynn/2013d.html#54 What Makes an Architecture Bizarre?
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From: lynn@garlic.com Subject: IBM Spent A Million Dollars Renovating And Staffing Its Former CEO's Office Date: 26 Mar 2013 Blog: IBMersre:
some slight x-over with IBM CEO and on-going financial mess (lots of recent press why feds aren't prosecuting too-big-to-fail financial institutions for blatant fraud like money laundering for the drug cartels and terrorists)
The Spectacular Rise and Fall of Jamie Dimon, Wall Street's Golden
Boy; More than just a tawdry tale, Dimon's demise is a critique of the
American Dream.
http://www.alternet.org/economy/spectacular-rise-and-fall-jamie-dimon-wall-streets-golden-boy
has a little of IBM flavor to it.
Relax! They've Got It Covered; Why Jamie Dimon's $2 Billion Gambling
Loss Will NOT Speed Financial Reform
http://www.counterpunch.org/2012/05/15/why-jamie-dimons-2-billion-gambling-loss-will-not-speed-financial-reform/
the above includes this reference:
Back in 1986, Dimon was the bright young protege of "Sandy" Weill,
when he was forced out of American Express in a coup de requin. Master
and servant made their way to Baltimore, Maryland, where Weill
acquired a storefront moneylending firm called Commercial Credit.
... snip ...
above also refers to Commercial Credit as loan sharking operation. Sandy was in competition with Gerstner to be next CEO of AMEX, Sandy looses and leaves.
KKR and AMEX later are in competition for RJR, KKR wins. KKR has trouble and hires Gerstner away for the turn around. IBM is going into the red and being restructured into the "baby blues" for the splitting up the company. The board then hires Gerstner away to resurrect IBM.
Sandy (& Dimon) are making acquisitions, eventually taking over Citi in violation of Glass-Steagall, Greenspan gives him an exemption while he lobbies congress for the repeal of Glass-Steagall. Dimon leaves and eventually becomes CEO of JPMorgan.
Sandy Weill on the Times list of those responsible for the economic
mess:
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877329,00.html
partial account of Glass-Steagall repeal
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/
which enables too-big-to-fail, too-big-to-jail, too-big-to-prosecute
All you have to do is check the referenced URL for authoritative
source included in the article, IBM financial filings at the SEC
http://www.sec.gov/Archives/edgar/data/51143/000110465913019165/a13-1547_1def14a.htm
from above:
(9) Amounts in this column also include the following perquisites for
2012: for Mrs. Rometty: personal financial planning, personal travel
on Company aircraft of $304,376, personal use of Company autos,
personal security, annual executive physical, family attendance at
Company-related events, and other personal expenses; for
Mr. Loughridge: personal financial planning, personal travel on
Company aircraft of $45,102, personal use of Company autos, family
attendance at Company-related events, and other personal expenses; for
Mr. Palmisano: personal financial planning, personal travel on Company
aircraft of $248,093, personal use of Company autos, retirement items,
office payments and administrative support, including space renovation
of $1,033,138, personal security, family attendance at Company-related
events and other personal expenses; for Mr. Mills: personal financial
planning, family attendance at Company-related events, and other
personal expenses; for Mr. Daniels: personal financial planning; and
for Mr. MacDonald: personal financial planning, personal travel on
Company aircraft of $59,962, family attendance at Company-related
events, and other personal expenses. See the 2012 Summary Compensation
Table Narrative for a description and information about the aggregate
incremental cost calculations for perquisites.
... snip ...
Is the issue with the accuracy of what IBM has filed in required official federal document ... or that somebody has quoted from it.
I do know that lots of companies have played fast&loose with the accuracy of financial filings with the SEC. In 2002, congress significantly increased the audit requirements and the penalties for false information with Sarbanes-Oxley (claiming that it was to prevent an Enron or Worldcom from occurring again ... although other claims were that SEC already had the authority to have prevented Enron and Worldcom). Possibly because the GAO didn't think that SEC was doing anything, it started do reports of public company fraudulent financial filings ... even showing increase after Sarbanes-Oxley (rhetoric for the passage of SOX was that all auditors and executives would do jail time for financial filings with incorrect information, even tho GAO turned up lots, I'm not aware of anybody that has yet to do jail time).
among the other sources/URLs cited in the short article (besides the SEC financial filings) are
IBM's Ex-CEO Is Well-decorated
http://www.footnoted.com/ibms-ex-ceo-is-well-decorated/
IBM Ex-CEO's Perks: $1 Million for Office, Cars
http://www.cnbc.com/id/100565278
it helps when articles have references that help substantiate the point of the article ... say as opposed to articles that might have no references that can be checked
Note in the upthread reference to Ethernet ... IBM had earned a reputation in the industry of FUD (obfuscation and misdirection) ... and the communication group was especially practiced at it ... even funding horribly skewed token-ring/ethernet comparisons that had a lot of pure fabrication and easily disproved. In the late 80s, especially the communication group was generating huge amounts of mis-information ... in part protecting its token-ring sales ... but much more important was its wars against distributed computing trying to protect its terminal emulation paradigm & install base.
In the late 80s, a senior disk engineer got a talk scheduled at the
world-wide, annual, internal communication group conference and opened
the talk with the statement that the communication group was going to
be responsible for the demise of the disk division. The issue was that
the communication group had strategic responsibility (and
stranglehold) for everyhthing that crossed the datacenter walls (and
was fighting off distributed computing and attempting to protect its
terminal emulation paradigm and install base). The disk division was
seeing its sales erode with data fleeing the datacenters to more
distributed computing friendly platforms. The disk division had come
up with several solutions to address the opportunity ... but those
were constantly being vetoed by the communication group (having
strategic corporate responsibility for everything that crossed the
datacenter walls). All of this significantly contributing to the
company's slide into the red in the early 90s. misc. past posts
https://www.garlic.com/~lynn/subnetwork.html#terminal
gerstner posts
https://www.garlic.com/~lynn/submisc.html#gerstner
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From: lynn@garlic.com Subject: More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence Date: 26 Mar 2013 Blog: Financial Crime Risk, Fraud and SecurityEven American Banker is Savaging the OCC's Mortgage Settlement
OCC, Fed Stonewalling Congressional Oversight of Independent Foreclosure Reviews
http://www.nakedcapitalism.com/2013/03/david-dayen-occ-fed-stonewalling-congressional-oversight-of-independent-foreclosure-reviews.html
other recent whistleblower threads
https://www.garlic.com/~lynn/2013c.html#18 WhistleWatch -- Blog Archive -- Former Top Federal Whistleblower Protector Scott Bloch, Esq. Pleads Guilty to Destruction of Government Property
https://www.garlic.com/~lynn/2013c.html#39 NPC Luncheon with Thomas Drake, NSA Whistleblower
https://www.garlic.com/~lynn/2013d.html#31 Bank Whistleblower Claims Retaliation And Wrongful Termination
https://www.garlic.com/~lynn/2013d.html#36 Bank Whistleblower Claims Retaliation And Wrongful Termination
past posts in this thread:
https://www.garlic.com/~lynn/2013.html#41 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013.html#73 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#16 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#27 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#36 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#47 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#64 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#6 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#19 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#43 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#58 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
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From: lynn@garlic.com Subject: How to Cut Megabanks Down to Size Date: 26 Mar 2013 Blog: Financial Crime Risk, Fraud and SecurityThe Fed Is Printing Money, But Where Is It Going? They Know But Will Not Say
from above
And he knows that this is a form of 'trickle down' approach, and is
not stimulating the commercial economy. But it is helping to prop up a
banking sector that has never really taken its losses by writing down
bad debts, cutting salaries and jobs, and downsizing to a more
historical size relative to the real economy.
... snip ...
Sherrod Brown Goes After the Big Banks
http://www.thenation.com/article/173336/sherrod-brown-goes-after-big-banks
from above:
In olden days, it used to be that the bad guys robbed the banks. Now
it seems the bad guys are running the banks, at least the big ones,
and robbing the rest of us.
... snip ...
past posts in this discussion:
https://www.garlic.com/~lynn/2013.html#44 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#51 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#57 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#0 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#9 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#12 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#48 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#54 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#65 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#74 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#3 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#5 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#12 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#26 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#42 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#55 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#61 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013d.html#40 How to Cut Megabanks Down to Size
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From: lynn@garlic.com Subject: "JP MORGAN SAW ITSELF AS ABOVE THE REGULATORS" Do you agree? Date: 26 Mar 2013 Blog: Financial Crime Risk, Fraud and Securityre:
The London Whale and the real link between the US economy and Cyprus;
Washington policy-makers say the deficit is the greatest threat to the
US economy. In reality, it's the failure of banking reform
http://www.guardian.co.uk/commentisfree/2013/mar/25/london-whale-link-us-economy-cyprus
from above:
On its face, it seems that the Wall Street crew is invincible. But the
London Whale episode and the silly efforts at cover-up should provide
some grounds for confidence. These people can be pretty brazen in
their contempt for the law and the general public. This arrogance on
the part of the Wall Street gang is exactly what we need to give
democracy a chance.
... snip ...
Not a decent banker around
http://www.atimes.com/atimes/Global_Economy/GECON-01-260313.html
from above:
In the past week, the detailed revelations from JP Morgan's grilling
in the US Senate have combined with the Cyprus rescue blunder to
generate one inescapable conclusion: public or private sector,
European or American, there isn't a decent, competent banker among
them. Truly almost 20 years of funny money and 30-40 years of
misguided deregulation have drained the financial sector of the quiet
competence it used to exhibit.
... snip ...
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Wed, 27 Mar 2013 10:12:32 -0400jmfbahciv <See.above@aol.com> writes:
Just finished reading "Ike's Bluff" which is about his years as president ... one of the points was he was more successful at battling MI(C)C than later presidents because of his experience as supreme commander and understood what they were doing. It covers him selecting the theme of his goodby speech, warning about MI(C)C (something about it went through 29drafts ... some with "congressional" in the MIC). DOD budget was $40B, air force wanted another $10B to close the (fabricated) bomber gap with Soviets (claiming they had thousands, Ike knew otherwise since the classified U2 flights only found six). After the Bay of Pigs disaster, Kennedy asks Ike for private meeting to discuss what went wrong. Ike asks him if he had detailed planning sessions where all the pros&cons could be aired; Kennedy said no.
Boyd would talk about doing audits of large scale war game exercises. He characterized that the generals&admirils spent all year playing golf ... while their subordinates practice in the war rooms. When it came time for the live exercises ... the generals&admirils had no "finger-feel" (fingerspitzengefuhl) for the pace of the battles.
More recently there have been presentations about regional (colonel) commanders in Iraq and Afghanistan ... to get promotion to general requires no blemish on their record ... as a result they are very careful 1) requiring all actions to come up the chain for them to authorize and 2) extra careful to not authorize anything that might not go perfectly.
One example was firefight with some hostiles in village sq, soldiers were heavily outnumbered and they call for supporting artillery barrage ... it takes 40mins to go up the chain of command to the regional commander. When the artillery does start arriving, the bad guys are gone and local villagers have started wandering into the sq.
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Wed, 27 Mar 2013 10:46:45 -0400jmfbahciv <See.above@aol.com> writes:
When You Weren't Looking, Democrat Bank Stooges Launch Bills to Permit
Bailouts, Deregulate Derivatives
http://www.nakedcapitalism.com/2013/03/when-you-werent-looking-democrat-bank-stooges-launch-bills-to-permit-bailouts-deregulate-derivatives.html
from above:
In the US, depositors have actually been put in a worse position than
Cyprus deposit-holders, at least if they are at the big banks that play
in the derivatives casino. The regulators have turned a blind eye as
banks use their depositaries to fund derivatives exposures. ... The 2005
bankruptcy reforms made derivatives counterparties senior to unsecured
lenders. Lehman had only two itty bitty banking subsidiaries, and to my
knowledge, was not gathering retail deposits. But as readers may recall,
Bank of America moved most of its derivatives from its Merrill Lynch
operation its depositary in late 2011.
... snip ...
Whose Insured Deposits Will Be Plundered Next?
http://www.zerohedge.com/news/2013-03-21/guest-post-whose-insured-deposits-will-be-plundered-next
from above:
Far more worrying for American and British depositors though is this
paragraph Golem XIV brings up from a joint Bank of England and FDIC
paper from 2012 which points to the possibility of using deposit
insurance funds to bail out illiquid banks:
... snip ...
Wall Street Deregulation Advances As Top Democrat Warns That Vote
Could 'Haunt' Congress
http://www.huffingtonpost.com/2013/03/20/wall-street-deregulation-_n_2916795.html?1363804456
from above:
The most controversial bill to advance Wednesday is explicitly
designed to expand taxpayer backing for derivatives. It was the only
legislation that lawmakers were required to cast individual votes for
or against
... snip ...
and from upthread:
https://www.garlic.com/~lynn/2013d.html#73 What Makes an Architecture Bizarre?
US Deposits In Perspective: $25 Billion In Insurance, $9,283 Billion
In Deposits; $297,514 Billion In Derivatives
http://www.zerohedge.com/news/2013-03-19/us-deposits-perspective-25-billion-insurance-9283-billion-deposits-297514-billion-de
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes Economic History Bizarre? Newsgroups: alt.folklore.computers Date: Wed, 27 Mar 2013 21:59:53 -0400John Levine <johnl@iecc.com> writes:
Lords of Finance: The Bankers Who Broke the World
https://www.amazon.com/Lords-Finance-Depression-Bankers-ebook/dp/B001QIGZEK/
pg283/4468-75:
The Dawes Plan had been an enormous success. In fact it had worked
almost too well. American bankers, assured under the plan of being
repaid first ahead of reparations owed to France and Britain, had fallen
over one another in their enthusiasm to lend to Germany. In the two
years since the plan, $1.5 billion flowed into the country, giving
Germany the $500 million due for reparations and still leaving it an
enormous surplus of foreign cash. Some of this money had gone to finance
the reconstruction of industry; but a very large amount had been taken
up by the newly empowered states, cities, and municipalities of the
budding democracy to build swimming pools, theaters, sports stadiums,
and even opera houses. The zeal with which foreign bankers promoted
their wares led to a great many imprudent investments and a lot of
waste—one small town in Bavaria, having decided to borrow $125,000, was
persuaded by its investment banks to increase the amount to $3 million.
... snip ...
from "Triumphant plutocracy" loc6265-74:
XXX. THE LEAGUE TO PERPETUATE WAR The war has just begun. I said that
when the Armistice terms were published and when I read the Treaty and
the League Covenant I felt more than ever convinced of the justice of my
conclusion. The Treaty of Versailles is merely an armistice -- a
suspension of hostilities, while the combatants get their wind. There is
a war in every chapter of the Treaty and in every section of the League
Covenant; war all over the world; war without end so long as the
conditions endure which produce these documents.
... snip ...
Lords of Finance: The Bankers Who Broke the World from pg401/loc6362-65
Bruning, who was now being called the "Hunger Chancellor," would later
claim that his austerity measures had been designed to prove to
foreigners that Germany could no longer pay reparations, a reprise of
the old perverse "hair-shirt" policy attempted in the early 1920s: to
inflict so much damage on Germany's economy that her creditors would be
forced to reduce their demands.
... snip ...
or the description how too-big-to-fail now have derivatives (CDS
gambling bets) senior to deposits (american loans to germany senior to
reparations) ... recent references
https://www.garlic.com/~lynn/2013d.html#73 What Makes an Architecture Bizarre
https://www.garlic.com/~lynn/2013d.html#81 What Makes an Architecture Bizarre
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From: lynn@garlic.com Subject: IBM Spent A Million Dollars Renovating And Staffing Its Former CEO's Office Date: 27 Mar 2013 Blog: IBMersre:
a little more internet history, old MIT tech review article
Grid Computing; Hook enough computers together and what do you get? A
new kind of utility that offers supercomputer processing on tap.
https://www.technologyreview.com/s/401444/grid-computing/
from above:
Back in the 1980s, the National Science Foundation created the NSFnet:
a communications network intended to give scientific researchers easy
access to its new supercomputer centers. Very quickly, one smaller
network after another linked in-and the result was the Internet as we
now know it. The scientists whose needs the NSFnet originally served
are barely remembered by the online masses.
... snip ...
since also morphed into cloud computing
as I've periodically mentioned, tcp/ip is the technology basis for the modern internet, nsfnet backbone was the operational basis for the modern internet and cix was the business basis for the modern internet.
originally we were to get $20M to tie together the NSF supercomputer
centers, then congress cuts the budget and a few other things
happened, finally NSF released a RFP. Internal politics prevents us
from bidding on the RFP. The director of NSF tries to help by writing the company a letter 3Apr1986, NSF Director to IBM Chief Scientist and IBM Senior VP and director of Research, copying IBM CEO) ... but that just makes the internal politics worse (as does references like what we already have
running is at least five years ahead of all RFP responses). misc old
NSFNET related email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Wed, 27 Mar 2013 16:40:02 -0400jmfbahciv <See.above@aol.com> writes:
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Thu, 28 Mar 2013 11:07:04 -0400Anne & Lynn Wheeler <lynn@garlic.com> writes:
Have The Russians Already Quietly Withdrawn All Their Cash From Cyprus?
http://www.zerohedge.com/news/2013-03-25/have-russians-already-quietly-withdrawn-all-their-cash-cyprus
from abouve:
So while one could not withdraw from Bank of Cyprus or Laiki, one could
withdraw without limitations from subsidiary and OpCo banks, and other
affiliates?
....
If one thinks there is any material Russian cash therefore left in
Cyprus with this epic loophole in place, we urge them to make a deposit
in the insolvent nation. One person who certainly will not be allocating
any of his money into Bank of Cyprus is German FinMin Schaeuble:
... snip ...
As Cyprus Delays Reopening Banks Again, Here Are The Longest Bank
Closures Ever
http://www.zerohedge.com/news/2013-03-25/cyprus-delays-reopening-banks-again-here-are-longest-bank-closures-ever
The Good, the Bad and the Extremely Ugly (Aspects of the Cyprus Deal)
http://www.nakedcapitalism.com/2013/03/yanis-varoufakis-the-good-the-bad-and-the-extremely-ugly-aspects-of-the-cyprus-deal.html
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Thu, 28 Mar 2013 11:41:51 -0400jmfbahciv <See.above@aol.com> writes:
Plutocrats: The Rise of the New Global Super-Rich and the Fall of
Everyone Else (also Financial Times best book of 2012)
https://www.amazon.com/Plutocrats-Global-Super-Rich-Everyone-ebook/dp/B007V65OQG/
recent blog on the subject:
Oligarchy Exists Inside Our Democracy
http://www.nakedcapitalism.com/2013/03/oligarchy-exists-inside-our-democracy.html
from above:
It's only recently that the Oligarchy has lost interest in the bargain
about following the rules. Entire industries are off limits for
prosecution. Rules are randomly changed to favor the interests of the
rich. And worst of all, democracy itself isn't working. We used to
operate under some general form of majority rule.
... snip ...
this isn't strictly true, it was also seen in leading up to the crash of 29. However, there have been various recent congressional hearings where regulators & prosecutors have admitted to not prosecuting too-big-to-fail for criminal activity. This then generates fair amount of references to too-big-to-prosecute and too-big-to-jail
there are periodic news articles about what the ideal percentage of total wealth would be for the top 1%, what most of the citizens think the percentage of total wealth is held by the top 1% and the actual amount of total wealth held by the top 1% (actual tends to be much more skewed that what majority believe and/or ideal)
from 2011
http://www.economist.com/blogs/dailychart/2011/10/income-inequality-america
and
http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
article from a year ago:
http://www.forbes.com/sites/moneywisewomen/2012/03/21/average-america-vs-the-one-percent/
last fall
http://money.cnn.com/2012/09/11/news/economy/wealth-net-worth/index.html
a month ago
http://www.huffingtonpost.com/2013/02/12/top-one-percent-income-gains_n_2670455.html
recent
http://billmoyers.com/2013/03/06/income-inequality-goes-viral/
recent posts on the topic (of too-big-to-jail)
https://www.garlic.com/~lynn/2013.html#4 HSBC's Settlement Leaves Us In A Scary Place
https://www.garlic.com/~lynn/2013.html#34 How Bankers Help Drug Traffickers and Terrorists
https://www.garlic.com/~lynn/2013.html#44 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#0 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#1 Libor Lies Revealed in Rigging of $300 Trillion Benchmark
https://www.garlic.com/~lynn/2013b.html#28 Neil Barofsky: Geithner Doctrine Lives on in Libor Scandal
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#46 Bankers Who Made Millions In Housing Boom Misled Investors: Study
https://www.garlic.com/~lynn/2013b.html#48 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#49 Bankers Who Made Millions In Housing Boom Misled Investors: Study
https://www.garlic.com/~lynn/2013c.html#61 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013d.html#6 Live-Blogging Senate Hearing Tomorrow, When J.P. Morgan Chase Will Be Torn a New One
https://www.garlic.com/~lynn/2013d.html#35 Ex-Bailout Watchdog: JPMorgan's Actions "Entirely Consistent With Fraud"
https://www.garlic.com/~lynn/2013d.html#40 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013d.html#42 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#54 What Makes an Architecture Bizarre?
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Thu, 28 Mar 2013 11:56:12 -0400jmfbahciv <See.above@aol.com> writes:
there also reports that CIA has acquired large mercenary army ... and
straying into relatively large military operations (that should be the
province of DOD) and less intelligence and covert operations.
http://www.dailymail.co.uk/news/article-2226821/CIA-admits-role-US-consulate-attack-Benghazi.html
http://online.wsj.com/article/SB10001424052970204712904578092853621061838.html
https://en.wikipedia.org/wiki/2012_Benghazi_attack
then there is this
http://www.phibetaiota.net/2013/02/berto-jongman-brennan-screwed-petraeus-in-benghazi-cia-security-detail-revealed-the-affair-as-coup-from-within/
above says that satellite photo shows it to be laid out as cia base ... not a consulate.
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Thu, 28 Mar 2013 12:00:36 -0400scott@slp53.sl.home (Scott Lurndal) writes:
and amount in the insurace fund is less than .01% of derivatives
US Deposits In Perspective: $25 Billion In Insurance, $9,283 Billion
In Deposits; $297,514 Billion In Derivatives
http://www.zerohedge.com/news/2013-03-19/us-deposits-perspective-25-billion-insurance-9283-billion-deposits-297514-billion-de
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Thu, 28 Mar 2013 12:26:32 -0400Anne & Lynn Wheeler <lynn@garlic.com> writes:
original justification for Iraq invasion was that it would only cost $50B ... some estimates now have total long-term costs at $5T-$6T ... or 100 times more (just part of the huge fabrications in the runup to the invasion). It isn't clear if that also includes non-DOD reconstruction payments that leaked to US corporations in the tens of billions with little or nothing to show for it.
this recent item (no relationship, although I've met him)
Winslow Wheeler: AF-IQ -- $4 to $6 Trillion Cost -- All Predictable
http://www.phibetaiota.net/2013/03/winslow-wheeler-af-iq-4-to-6-trillion-cost-all-predictable/
has Iraq+Afghanistan (only) between $4T-$6T (maybe $7T)
Chuck's time article also here at his blog:
Iraq Invasion Anniversary: Inside The Decider's Head
http://chuckspinney.blogspot.com/2013/03/the-madness-of-king-george-revisited.html
and earlier version here: The Madness of King George Revisited
http://www.counterpunch.org/2013/03/21/the-madness-of-king-george-revisited/
Chuck has followed up with Inside the Decider's Head II
http://chuckspinney.blogspot.com/2013/03/inside-deciders-head-ii.html
which is Bill Moyer segment from 2007 looking in detail at the fabrication leading up the invasion. One of the things implied in the segment (and gets periodically repeated) is that much of the media in the country has been "captured" (analogous to how wallstreet has captured the regulatory agencies and gets to operate with relative impunity).
some of Bob's reference on the Moyer segment
http://www.phibetaiota.net/2013/03/chuck-spinney-bill-moyer-on-incestuous-amplification/
for other drift, some past posts referencing the "capture" theme
https://www.garlic.com/~lynn/2009j.html#70 64 Cores -- IBM is showing a prototype already
https://www.garlic.com/~lynn/2009j.html#71 64 Cores -- IBM is showing a prototype already
https://www.garlic.com/~lynn/2011i.html#25 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011p.html#7 FDR explains one dimension of our problem: bankers own the government
https://www.garlic.com/~lynn/2012c.html#39 Greek knife to Wall Street
https://www.garlic.com/~lynn/2012c.html#54 PC industry is heading for more change
https://www.garlic.com/~lynn/2012p.html#64 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2013.html#20 The Big Fail
https://www.garlic.com/~lynn/2013.html#57 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#73 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#44 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013d.html#25 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: alt.folklore.computers Date: Thu, 28 Mar 2013 12:49:27 -0400scott@slp53.sl.home (Scott Lurndal) writes:
a little x-over from upthread (individual also active in the linkedin
financial crime risk, fraud, and security group
https://www.garlic.com/~lynn/2013d.html#54 What Makes an Architecture Bizarre?
the author of "American Betrayal"
https://www.amazon.com/American-Betrayal-ebook/dp/B00BKZ02UM/
somewhat characterizes the FDIC as the least captured of the regulatory agencies ... but still failed to take effective action in large number of cases. he has characterized "some of the books written since the mess claiming the agency wasn't totally asleep at the wheel ... citing examples were it became aware of the enormous wrong doing" ... as analysis he performed, reported and requested action be taken; when he was ignored, he took the information up the chain of command ... but that just got him labeled as a whistleblower and target for bureaucratic retribution.
American Betrayal; loc1613-16
The title chosen by Chairman Bair for her book, perhaps, would have been
more appropriately titled, "Bull by the tail and not the horns" instead
of "Grabbed the Bull by Horns." The "bull" can be seen to mean something
entirely different, especially when one reads some of her comments and
compares it with my emails I provided her throughout her tenure as
chairman of the Financial Regulatory Agency.
... snip ...
Bull By The Horns
https://www.amazon.com/Bull-Horns-Fighting-Street-ebook/dp/B0061Q688A/
recent post referencing agencies being "captured"
https://www.garlic.com/~lynn/2013d.html#89 What Makes an Architecture Bizarre?
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Arthur C. Clarke Predicts the Internet >>>and more Newsgroups: alt.folklore.computers Date: Thu, 28 Mar 2013 15:25:14 -0400Michael Black <et472@ncf.ca> writes:
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Inside IBM's $67 billion SAGE, the largest computer ever built Newsgroups: alt.folklore.computers Date: Thu, 28 Mar 2013 19:12:46 -0400Inside IBM's $67 billion SAGE, the largest computer ever built
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 29 Mar 2013 09:09:14 -0400Casper H.S. Dik <Casper.Dik@OrSPaMcle.COM> writes:
Declassified LBJ Tapes Accuse Richard Nixon of Treason
http://news.slashdot.org/story/13/03/21/0331256/declassified-lbj-tapes-accuse-richard-nixon-of-treason
The Lyndon Johnson tapes: Richard Nixon's 'treason'
http://www.bbc.co.uk/news/magazine-21768668
from above:
It begins in the summer of 1968. Nixon feared a breakthrough at the
Paris Peace talks designed to find a negotiated settlement to the
Vietnam war that he knew would derail his campaign.
Nixon therefore set up a clandestine back-channel to the South
Vietnamese involving Anna Chennault, a senior campaign adviser. In late
October 1968 there were major concessions from Hanoi which promised to
allow meaningful talks to get underway in Paris. This was exactly what
Nixon feared. Chennault was dispatched to the South Vietnamese embassy
with a clear message: the South Vietnamese government should withdraw
from the talks, refuse to deal with Johnson, and if Nixon was elected,
they would get a much better deal. Meanwhile the FBI had bugged the
ambassador's phone and transcripts of Chennault's calls were sent to the
White House
In the end Nixon won by less than 1% of the popular vote, escalated the
war into Laos and Cambodia with the loss of an additional 22,000
American lives, and finally settled for a peace agreement in 1973 that
was within grasp in 1968.
... snip ...
With all the discussion on the 10th anniversary of the invasion of Iraq there is some question that the enormous fabrication to justify the invasion was also politically motivated. Part of the case was that it would only be $50B ... long term it sizing up to be possibly 100 times that (and recent GAO report that something like $60B gone to US companies for various reconstruction has little or nothing to show).
Regime change in Iran dates back to early 50s, by the CIA and a descendent of Theodore Roosevelt (documented several places).
Confessions of an Economic Hit Man; pg21/loc613-17:
In response, the highly popular, democratically elected Iranian prime
minister (and TIME magazine's Man of the Year in 1951), Mohammad
Mossadegh, nationalized all Iranian petroleum assets. An outraged
England sought the help of her World War II ally, the United
States. However, both countries feared that military retaliation would
provoke the Soviet Union into taking action on behalf of Iran. Instead
of sending in the Marines, therefore, Washington dispatched CIA agent
Kermit Roosevelt (Theodore's grandson). He performed brilliantly,
winning people over through payoffs and threats.
... snip ...
National Insecurity: The Cost of American Militarism pg39/loc482-88:
The CIA has destroyed numerous files that would have provided
information on many clandestine operations, thus depriving us of an
authoritative record of U.S. activities abroad. Some proclaimed
successes often have turned out to be disasters in the long run. These
include the overthrow of Mohammed Mossadegh in Iran in 1953 and Jacobo
Arbenz Guzmán in Guatemala in 1954. These so-called successes led to the
decision to overthrow Fidel Castro in 1961, the so-called "perfect
failure" at the Bay of Pigs. 10 Sympathetic accounts of CIA covert
action describe the Iran and Guatemala operations as "unblemished
triumphs," although the conventional wisdom in the wake of the corrupt
reign of the Shah Mohammed Reza Pahlavi in Iran and the horror of the
reign of terror against the indigenous population for decades in
Guatemala teaches much different lessons.
... snip ...
"Ike's Bluff: President Eisenhower's Secret Battle to Save the World" has account that after the "Bay of Pigs" disaster, Kennedy asked for meeting with Ike to discuss what went wrong. Ike asked him if there were detailed planning meetings to discuss the pros & cons, Kennedy said no.
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 29 Mar 2013 11:22:53 -0400Dan Espen <despen@verizon.net> writes:
The Confiscation Scheme Planned for US and UK Depositors
http://www.counterpunch.org/2013/03/28/the-confiscation-scheme-planned-for-us-and-uk-depositors/
The 15-page FDIC-BOE document is called "Resolving Globally Active,
Systemically Important, Financial Institutions." It begins by explaining
that the 2008 banking crisis has made it clear that some other way
besides taxpayer bailouts is needed to maintain "financial stability."
Evidently anticipating that the next financial collapse will be on a
grander scale than either the taxpayers or Congress is willing to
underwrite
... snip ...
and that too-big-to-fail are considered too-big-to-prosecute and too-big-to-jail ... contributing to "moral hazard" ... believing that they can get away with nearly any kind of financial manipulation, fraud and criminal activity.
Lanny Breuer Cashes in After Not Prosecuting Wall Street Execs, Will
Receive Approximate Salary of 4 Million Dollars
http://www.truth-out.org/buzzflash/commentary/item/17885-lanny-breuer-cashes-in-after-not-prosecuting-wall-street-execs-will-receive-approximate-salary-of-4-million-dollars
references:
Holder Admits That Department of Justice Believes Big Bankers Are Above
the Law
http://www.truth-out.org/buzzflash/commentary/item/17846-holder-admits-that-department-of-justice-believes-big-bankers-are-above-the-law
Eric Holder Enables Dishonesty, Fraud and Likely Criminal Activity on Wall Street
http://www.truth-out.org/buzzflash/commentary/item/17863-eric-holder-enables-dishonesty-fraud-and-likely-criminal-activity-on-wall-street
In Bank Tax Cut for Job Scheme, Another Bank Gets Immunity by DOJ
http://www.truth-out.org/buzzflash/commentary/item/17866-in-bank-tax-cut-for-job-scheme-another-bank-gets-immunity-by-doj
which references lots of recent mainstream news articles about failure to prosecute too-big-to-fail for various kinds of fraud, criminal activity, money laundering for drug cartels and terrorists, etc
Jan2009, I was asked to HTML'ize the Pecora Hearings (1930s
congressional hearings into the '29 crash, had been scanned the fall2008
at Boston Public Library), with lots of x-indexing and URLs between what
happened then and what happened this time (references to belief that the
new congress would have appetite to do something). After working on it
for some time, got a call saying it wouldn't be needed after all
(references to enormous piles of wallstreet money blanketing capital
hill). from Pecora Hearings:
BROKERS' LOANS AND INDUSTRIAL DEPRESSION
For the purpose of making it perfectly clear that the present
industrial depression was due to the inflation of credit on brokers'
loans, as obtained from the Bureau of Research of the Federal Reserve
Board, the figures show that the inflation of credit for speculative
purposes on stock exchanges were responsible directly for a rise in
the average of quotations of the stocks from sixty in 1922 to 225 in
1929 to 35 in 1932 and that the change in the value of such Stocks
listed on the New York Stock Exchange went through the same identical
changes in almost identical percentages.
... snip ...
the equivalent fueling the financial mess last decade (except it was the housing market bubble instead of a stock market bubble) was over $27T in securitized loans sold through wallstreet enabled by being able to pay for triple-A ratings (when both the sellers and the rating agencies knew they weren't worth triple-A). Motivation for wallstreet was new revenue of possibly $4T-$5T skimmed off the $27+T in triple-A rated toxic CDOs ... which accounts for claims that wallstreet tripled in size during the bubble (as percent of GDP) and wallstreet bonuses went up over 400%.
'29 crash, people went to jail and there were fundamental changes to the root problems that enabled the '29 crash. This time, nobody has gone to jail and the fundamental structural problems are allowed to continue (claims that it isn't question of whether it happens again, but when).
the theme of "regulatory capture" (responsible institutions failing to perform their duty) that was hallmark of the bubble&crash has not changed.
along with the lack of adult supervision for the financial industry, last decade, congress cut tax revenues by $6T (compared to baseline which had all federal debt retired by 2010) and increased spending by $6T (compared to baseline) for a $12T budget gap. Much of this happening after congress allowed the fiscal responsibility act to expire in 2002 (required spending match collected taxes). In speeches middle of last decade, fed comptroller general (and head of GAO) would periodically include references to nobody in congress was capable of middle school arithmetic (for how they were savaging the budget). The first major legislation after allowing fiscal responsibility act to expire in 2002 was Medicare part-d ... which the comptroller general characterized as a long-term $40T unfunded mandate that comes to swamp all other budget items.
misc. past posts referencing Brokers' loans
https://www.garlic.com/~lynn/2009d.html#28 I need insight on the Stock Market
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#27 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#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/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/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/2010l.html#38 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010l.html#53 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2010l.html#69 Who is Really to Blame for the Financial Crisis?
https://www.garlic.com/~lynn/2011n.html#52 The men who crashed the world
https://www.garlic.com/~lynn/2011o.html#36 Civilization, doomed?
https://www.garlic.com/~lynn/2011p.html#88 Fed Report Finds Speculators Played Big Role in Housing Collapse
https://www.garlic.com/~lynn/2012c.html#52 PC industry is heading for more change
https://www.garlic.com/~lynn/2012d.html#32 PC industry is heading for more change
https://www.garlic.com/~lynn/2012g.html#28 REPEAL OF GLASS-STEAGALL DID NOT CAUSE THE FINANCIAL CRISIS - WHAT DO YOU THINK?
https://www.garlic.com/~lynn/2012g.html#67 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#75 Interesting News Article
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 29 Mar 2013 12:19:08 -0400Peter Flass <Peter_Flass@Yahoo.com> writes:
not illegal under their gov. and possibly only minor compared to the british actions in the region over the previous 100yrs. "Confessions of an Economic Hit Man" is all about various kinds of activities and manipulation around the world (repeated theme where they install their own puppet gov. through bribary and violance, which allows US interests to plunder the country); "Lawrence of Arabia" also gets into some of the double dealing by the British and French in the region. Then there is the interval between the wars, through ww2 and the aftermath.
some here and the "Great Game"
https://en.wikipedia.org/wiki/Iran
also from above:
In 1953 US President Dwight D. Eisenhower authorized Operation Ajax. The
operation, supported by the Shah, was successful, and Mosaddegh was
arrested on 19 August 1953. The coup was the first time the US had
openly overthrown an elected, civilian government of another sovereign
state.[85]
After Operation Ajax, Shah Mohammad Reza Pahlavi favoured American and
British oil interests and his rule became increasingly autocratic. With
American support, the Shah was able to rapidly modernize the Iranian
infrastructure and military. However, his rule was also corrupt and
repressive. Arbitrary arrests and torture by his secret police, SAVAK,
were used to crush all forms of political opposition
... snip ...
past references to "Economic Hit Man"
https://www.garlic.com/~lynn/2011p.html#63 21st Century Management approach?
https://www.garlic.com/~lynn/2011p.html#80 The men who crashed the world
https://www.garlic.com/~lynn/2011p.html#111 Matt Taibbi with Xmas Message from the Rich
https://www.garlic.com/~lynn/2012.html#25 You may ask yourself, well, how did I get here?
https://www.garlic.com/~lynn/2012d.html#57 Study Confirms The Government Produces The Buggiest Software
https://www.garlic.com/~lynn/2012f.html#70 The Army and Special Forces: The Fantasy Continues
https://www.garlic.com/~lynn/2012n.html#83 Protected: R.I.P. Containment
https://www.garlic.com/~lynn/2012o.html#2 OT: Tax breaks to Oracle debated
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 29 Mar 2013 15:25:32 -0400"James O. Brown" <job654@ax.com> writes:
the constitution may apply to US entities outside the country (like cases where US companies are bribing foreign officials) ... but it doesn't govern non-US entities. That has been the explanation for the terrorist rendition program ... attempting to avoid circumstances where the constitution would apply.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 29 Mar 2013 15:43:41 -0400Dan Espen <despen@verizon.net> writes:
the "speaker of the house" gave early press conference where he said his primary objective was to do whatever necessary to make Obama a one term president. he also had press conference where he was bragging about placing the up&coming bright new stars of the party on the financial committee ... because those members receive the largest amount of money from lobbiests (when there are enormous piles of money blanketing capital hill, it is those members that receive the largest share).
wallstreet hit the economy potentially to the tune of the $27+T in
securitized loans (not just the amount they skimmed off for themselves):
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
some amount continuing since nobody has been sent to jail and no major restructuring to prevent it from happening again.
CBO has congress with a $12T hit to the budget in the same period (after the fiscal responsibility act expires in 2002). That is potential total of $39T hit to the country from combination of wallstreet and congress.
that budget hits works out to avg. of about $1.5T/year ... continuing into this decade since there was little redo of the budget to return to fiscal responsibility era. Congress needs to increase revenue about $750B/yr and decrease spending by corresponding amount to get back to the baseline budget. However with the budget hit continuing into this decade plus other spending & revenue issues related to the financial mess ... there is significant debt+interest that needs to be cleared ... say another $1T/year to try and fix what happened after the fiscal responsibility act was allowed to expire in 2002 ... aka $2.5T/yr fix to the budget, $1.25T/yr increase in taxes and $1.25T/yr cut in spending.
That is in addition to sending a large number on wallstreet to jail and restructuring the too-big-to-fail.
from large bank senior examinar that turned into whistleblower after
regulatory executives wouldn't act on his findings the middle of last
decade ... "American Betrayal" loc3684-90:
One reason the Department of Justice has not charged any top officers at
Countrywide or other large banks with fraud may be that a decree was
ordered by the Obama administration to have the Department of Justice
tread lightly against the banking industry. Most likely, the Obama
administration did not desire to embarrass former Senator James Dodd, an
influential Democrat, and other Democratic members of Congress who
personally benefited by receiving sweet-heart loans from Countrywide. It
was widely known that Countrywide was providing favorable terms to
members of Congress not available to the public. One ought to know that
Chairman Bair also reportedly got a sweet-heart loan, not by
Countrywide, but from Bank of America. No doubt, President Obama and
Attorney General Eric Holder decided it unwise to go after the banks too
hard. There was no telling how many skeletons might fall from the
closet.
... snip ...
i.e. both parties were involved in not only the savaging of the federal budget but also pressuring regulatory agencies to not take action against too-big-to-fail and wallstreet
That still leaves Medicare Part-d, which the former comptroller general claims becomes a $40T unfunded mandate and swamps all other budget items. CBS 60mins had done an expose on 18people from the party in power in 2003, who managed to snake the bill through passing ... and afterwards, resign and were all on drug industry payroll (it hasn't just been military-industrial-complex, wallstreet, and congress that have been plundering the country). Part of favor to the drug industry was slipping a one line sentence into the legislation just before final vote that precludes competitive bidding (and maneuvers that prevented any review of the change before the vote). CBS 60mins then showed drugs from the VA that permits competitive bidding that are 1/3rd the price of the same identical drugs under part-d.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: What Makes an Architecture Bizarre? Newsgroups: comp.arch, alt.folklore.computers Date: Fri, 29 Mar 2013 16:11:08 -0400re:
previous reference to Nixon's Treason has reference to Invisible Armies which talks about success and failures of invading armies dealing with native population that is not cooperating (going back to Greek & Roman times, but coming forward to the most recent two wars by the US).
Economic Hit Man is autobiography by somebody involved in plundering other countries in the 60s-80s on behalf of US interests, sometimes with the aid of US gov. agencies.
National Insecurity talks about some of the specific success and failures of when US gov. agencies were involved.
Note that the Marine's Small Wars Manual written in the 30s, is based
on their experience in dealing with native population in countries
where they've invaded.
https://en.wikipedia.org/wiki/Small_Wars_Manual
however, also written about the same time by a decorated Marine
general about the same events being in support of wallstreet
plundering the countries War Is a Racket
https://en.wikipedia.org/wiki/War_Is_a_Racket
earlier work is Triumphant plutocracy; the story of American public
life from 1870 to 1920 was written by former US congressman that
includes some amount of references to his experience with wallstreet
both blundering the US as well as getting aid from the gov in
plundering other countries.
http://archive.org/details/triumphantpluto00pettrich
past posts mentioning War Is a Racket &/or Triumphant plutocracy
https://www.garlic.com/~lynn/2012l.html#58 Singer Cartons of Punch Cards
https://www.garlic.com/~lynn/2012l.html#62 Singer Cartons of Punch Cards
https://www.garlic.com/~lynn/2012l.html#97 What a Caveman Can Teach You About Strategy
https://www.garlic.com/~lynn/2012m.html#49 Cultural attitudes towards failure
https://www.garlic.com/~lynn/2012n.html#29 Jedi Knights
https://www.garlic.com/~lynn/2012n.html#60 The IBM mainframe has been the backbone of most of the world's largest IT organizations for more than 48 years
https://www.garlic.com/~lynn/2012n.html#83 Protected: R.I.P. Containment
https://www.garlic.com/~lynn/2012o.html#2 OT: Tax breaks to Oracle debated
https://www.garlic.com/~lynn/2013.html#15 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2013.html#26 Cultural attitudes towards failure
https://www.garlic.com/~lynn/2013.html#46 The China Threat: The MICC Pivots Obama Back to the Future
https://www.garlic.com/~lynn/2013.html#57 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013d.html#54 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#82 What Makes Economic History Bizarre?
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