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Tag: Yahoo


Credit Crisis Was a Gigantic Ponzi Scheme, on the Scale of Enron x1000

It seems this message is becoming more mainstream these days. It’s about time. Max Keiser is right to call this financial terrorism, especially in light of the fact that we, the tax payers, have bailed them out while everyone else is suffering from their dealings, and as a result, they have had record profits this past year. Unbelievable. I’m pro-profit, pro-free-market, pro-conservative, but Max Keiser is also right to call this Rigged Market Capitalism. I can’t think of a better term for it.

Anyone else find it odd the “flash crash” (1000 point dow drop within a matter of minutes) happened right when Congress was negotiating rules regulating derivatives? Oh and oddly enough now, the rules around derivatives have been completely gutted as I understand it. There is rampant corruption and looting going on within the government and the larger corporate world, particularly the monolithic banks. This is not a free market but an oligarchy.

More generally, here are Davidowitz’s views on the economy at large. Even Paul Krugman from the New York Times is calling the Third Great Depression, though he’s completely wrong about the remedy (even more spending).

I’m Not the Only One Apparently – Gmail’s Growing Spam Problem

A while back I wrote this post pertaining to what appeared to be spammers utilizing Gmail servers to send spam to my account. I didn’t know if it was just me or if others were experiencing it as well. It’s not just me apparently. This article on The Register in the UK shows that this is quite a growing problem for all mailing systems, that is now causing many mail services to start throttling Gmail (as well as Yahoo) emails that come in. This is bad news because Gmail was supposed to be one of the more secure mailing systems. In addition, it presents a big problem for services like Spamhaus because spam emails being sent through Gmail SMTP servers are not blacklisted. Therefore a spammer can send email from foreign IP address blocks that may be banned in the Spamhaus database, but because the email is actually being sent via Gmail servers, it is not blacklisted. So mail services have started enforcing throttling to limit the number of email that are sent from Gmail. This just shows that no matter how much security you put in place (even complex CAPTCHA techniques), there is always a way around systems, always. And at some point, someone will find the holes. It’s just a matter of time. The trick is staying ahead and always keeping people guessing.

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