IT IS common knowledge that violent video games are sometimes being produced to help recruit children for the army and incite them against particular nations. Consoles are often used as tools of indoctrination, famously for glorification of war and weaponry. Similarly, Microsoft has been misusing public schools to brainwash children and glorify intellectual monopolies such as patents.
Bowles has been in touch with Microsoft's Steve Ballmer about creating a deficit-reduction video game that would enable anyone with a computer to take a stab at balancing the budget, much like the 1994 commission did.
Updated for 2010, Kerrey says, such a game could "go viral."
According to Bowles, the commission has contacted Microsoft's Steve Ballmer about Microsoft creating "a deficit-reduction video game" that would allow the average American to attempt balancing the budget. Details are scarce, but it would appear that the likely browser-based game would act to "virally" educate the public on how reducing the deficit isn't easy. In other words, it's a PR move designed to seemingly justify why we continue to fail -- instead of solving the problem. And here we were busily waiting for a Tea Party MMORPG, or Halo 4: Die Deficit Die.
The SEC has filed civil charges against Goldman Sachs and its banker Fabrice Tourre for its role in structuring subprime mortgages, which it structured at the behest of hedge funders like John Paulson.
Finally the chickens are coming home to roost on the greatest short scam of the last decade.
Fraud charges filed against Goldman Sachs Group Inc (GS.N) further illustrate the need for strong financial reform, Chairman Blanche Lincoln said on Friday.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein and finance chief David Viniar should resign over fraud allegations, according to Dick Bove, an analyst at Rochdale Securities.
“If the facts are as the SEC allege, they were selling an extremely dangerous product to innocent buyers who trusted the good name of Goldman Sachs,” Stein said in the interview.
From July 2004 through April 2007, as credit markets boomed, Goldman Sachs Group Inc. created 23 financial transactions called Abacus, the word for a relatively crude counting tool involving the shuffling of beads.
The value of Warren Buffett’s options to buy Goldman Sachs Group Inc. shares dropped by $1.02 billion after regulators sued the bank for misleading clients on the sale of securities tied to the subprime mortgage market.
Reporting from Washington and New York Goldman Sachs Group Inc. was once a darling in Washington, handing out millions of dollars in campaign contributions and supplying so many executives for key federal positions -- including two recent Treasury secretaries -- that some people called the firm "Government Sachs."
A CBS News analysis of the revolving door between Goldman and government reveals at least four dozen former employees, lobbyists or advisers at the highest reaches of power both in Washington and around the world.
The letter, co-signed by CEO Lloyd Blankfein and President Gary Cohn, also mentioned that Goldman repaid its $10 billion debt to the government in June 2009, as a U.S. Treasury recipient of the Troubled Asset Relief Program.
