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Harold W Stevens
Worked at Texas Instruments
Attended The University of Southern Mississippi
Lives in Allen, Texas USA
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Harold W Stevens

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love love love this!
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Harold W Stevens

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"The banks will hardly notice. Santa Cruz County’s portfolio is valued at about $650 million. But what if every county, city, and state in America followed Santa Cruz County’s example, and held the big bank accountable for their felonies?"
 
"What if all of us taxpayers said, in effect, we’re not going to hire these convicted felons to handle our public finances? We don’t trust them."
What exactly does it mean for a big Wall Street bank to plead guilty to a serious crime? Right now, practically nothing. But it will if California’s Santa Cruz County has any say. First, some background. Five giant banks – including Wall Street behemoths JPMorgan Chase and Citicorp – recently pleaded guilty to criminal felony charges that they rigged the world’s foreign-currency market for their own profit. This wasn’t a small heist. We’re talkin...
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Imagine by John Lennon starts about half-way. Very nicely done.
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(h/t Lisa Wiffledust) Jon nails American Exceptionalism in Charleston.
The 'Daily Show' host said he had "nothing other than just sadness"
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Re: Charleston. "It's A Hard Life" by Nanci Griffith.
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just perfect for a very sad happening. what a society. the only hope is art. beautiful job, harold
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Harold W Stevens

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The shoe fits, Don, so wear it.
 
This is a clown
With a perpetual frown.
He has an elevated opinion
And wants absolute dominion
Of all your dollars and cents
Permission to drive up rents
So that he can make more profits
To put into his hefty pockets.
And when he's finished doing that,
He'll doff his toupee hat,
And say, "Thank you for believing.
It helped my extra thieving.
I know that you are grieving,
But that's your fault for believing."
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+Lisa Wiffledust IMO, he's fearless and obnoxious only when he's on his own turf, such as pretend-business like bankrupting casinos on daddy's money, or bullying kids on the set of The Apprentice (or whatever Trifle du Jour). I think Bernie Sanders could shred his bombastic Bubbleworld rhetoric in a proverbial New York Minute. Actually, I haven't heard from anyone on either side of the political aisle than can easily fool or bully Bernie.
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Harold W Stevens

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RoboSpamClickFraud: It's Not Just For Boiler Room Nightfliers Anymore™
 
Spot-on take-down of why auto-playing video sucks.

See the whole comic:
http://recode.net/2015/06/19/the-autoplay-arms-race-comic/
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Public Service Announcement, for those with undiagnosed political ADHD. You're welcome.
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Money Quote:
"President Obama and his newfound Republican allies are so bent on getting this deal done that they will turn their backs on rampant, brutal slavery with some tepid language tossed over their shoulder about "efforts." If you think a little thing like assistance for US workers who lose their jobs to this agreement will stop them, I have a nifty bridge over San Francisco Bay to sell you"
 
The Scorpions, the Frogs and the #TPP: Prepare to Be Stung #Unemployment #Employment #Jobs #Trade #Economy
William Rivers Pitt | The Scorpions, the Frogs and the TPP: Prepare to Be Stung
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Bernie's a wonder, but he can't do it all by himself. Get him in the primaries.
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Exactly: "Could anyone possibly be more out of touch with the sensibilities of the rest of the country?"
 
Has the New York Times No Shame? Wall Street Front Group Pleads for Government Help in New York Times OpEd

After the U.S. government pumped the secret, astronomical sum of more than $13 trillion into Wall Street during the years surrounding the 2008 financial crisis to bail it out of its own greedy and reckless gambles, Wall Street is shamelessly asking for more government handouts in the opinion pages of the New York Times.

The woman pitching this pathetic poppycock, Kathryn S. Wylde, was actually on the Board of Directors at the New York Fed during the crisis – the very institution that sluiced the secret $13 trillion into Wall Street’s coffers.

If you live outside of New York City, you’ve never heard of the Partnership for New York City. Even if you live inside New York City, unless you’re part of the black tie cocktail circuit, you’ve still never heard of the group. So when the New York Times gave a chunk of its opinion pages on Monday to Wylde as President and CEO of the Partnership for New York City to plead for government help for Wall Street, it really needed to do the ethical thing and fess up that this is a brazen front group for the financial services industry.

The Co-Chair of the Partnership for New York City is James Gorman, Chairman and CEO of Morgan Stanley. Morgan Stanley pocketed a cool $2 trillion in low-cost loans from the New York Fed, much of it at an interest rate of under one-half of one percent during the crisis.

In March of this year, Senator Elizabeth Warren revealed in a Senate hearing that the New York Fed handed out $2 trillion each in these cheap loans to Morgan Stanley, Citigroup and Merrill Lynch and rolled them over for about two-years. Back in 2008 and 2009, an investor could still get more than 3.5 percent on the 10-year Treasury note. If these three banks did nothing more complicated than make 3 percent on these loans by investing in the 10-year Treasury, you’re looking at $60 billion in profits per year per bank, or more than $360 billion in profits for all three banks over that two-year period.

On Wall Street they call that arbitrage; on Main Street they call that looting the public purse, and now they're back looking for more, via the New York Times..

Now, millions of struggling Americans could have made that same trade if they had been offered money by the government at half a percent. Student loan debt at that time stood at approximately $640 billion. More than half of that could have been wiped out with that trade. If the $360 billion in profits had been used to buy $200,000 homes that were under water from Wall Street’s mortgage securitization schemes, 1.8 million homeowners could have kept a roof over their children’s heads instead of being thrown out into the streets after losing a job because of the epic Wall Street collapse.

In what can only be described as audacious chutzpah, Wylde explained how the government (meaning taxpayers) needs to reopen its coffers to Wall Street. (Thanks to the bailouts, the U.S. now has $18.5 trillion in government debt with another $4.4 trillion on the books of the Federal Reserve from all that generosity to Wall Street.) As if firmly entrenched in her own Manhattan bubble world, Wylde writes:

“To maintain Wall Street’s role not just as an elite financial marketplace but also as a center for employment and innovation, the government must step up. We need, among other things, major investments in airport capacity, including new air-traffic-control technology; broadband and wireless investments to reduce download times, which are appallingly slow compared with those in countries like South Korea; more resources for commercial courts to resolve disputes; a coordinated plan to defend our financial sector from cyberattacks; tax incentives that encourage retention of middle-income jobs on Wall Street; and, to spur innovation, a lower corporate tax rate on patent-related income.”

Notice how Wylde wants to keep Wall Street “an elite financial marketplace.” Could anyone possibly be more out of touch with the sensibilities of the rest of the country?

This shameless propaganda piece, in drag as an OpEd from some civic organization, was titled: “Yes, Wall Street Needs Help.”

We certainly agree. But it’s more along the lines of psychiatric help for having the temerity to ask for a handout for its billionaires when the Coalition for the Homeless reports that the number of homeless New Yorkers sleeping in municipal shelters is 72 percent higher than a decade ago and has reached the highest levels since the Great Depression; when there are an estimated 1.3 million children and teens enrolled in public schools across the U.S. who are homeless – an 85 percent increase since the start of the Wall Street recession; and when Wall Street even gets tax perks to ghoulishly and secretly collect billions of dollars each year on the tragic deaths of workers.

http://wallstreetonparade.com/2015/03/warren-citigroup-morgan-stanley-merrill-lynch-received-6-trillion-backdoor-bailout-from-fed/

Supporting article: Warren: Citigroup, Morgan Stanley, Merrill Lynch Received $6 Trillion Backdoor Bailout from Fed
http://wallstreetonparade.com/2015/03/warren-citigroup-morgan-stanley-merrill-lynch-received-6-trillion-backdoor-bailout-from-fed/

#WallStreet   #Greed   #Avarice   #NewYorkTimes  
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Education
  • The University of Southern Mississippi
    Math (Minor, Physics), 1971
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Gender
Male
Work
Employment
  • Texas Instruments
    (Retired)
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Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Allen, Texas USA
Previously
Mobile, Alabama USA - McKinney, Texas USA
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