As Facebook shares continued their slide, regulators launched inquiries into whether privileged Wall Street insiders were alerted to the company's weakening financial projections, leading them to shun the stock or dump shares just as buying was opened to the public. Morgan Stanley, which led the Wall Street effort to bring the social network public, came under fire following reports that the bank had told some favored clients that the bank was cutting its revenue estimates for Facebook. The lowered expectations came after the tech giant expressed caution in a public filing about its advertising sales on mobile devices. The legal issue raised could be "securities fraud — plain and simple," said Ernest Badway, a securities lawyer in New York and New Jersey and a former enforcement attorney at the U.S. Securities and Exchange Commission. "You can't be putting out two sets of numbers." SEC Chairwoman Mary Schapiro said the agency will examine "issues" into the bungled Facebook public offering. The Financial Industry Regulatory Authority, the Wall Street industry-funded watchdog, has also expressed concern, and Massachusetts securities regulators have issued subpoenas for Morgan Stanley. My take on all of this is "you were warned" by the Media. People were saying "You can't trust these initial public offerings because sometimes setbacks occur. A word to the wise. I think the legal issue is whether this is considered "taking a normal risk" or whether there are actual overt ethics brieches that are legally prosecutable. I'm not one of these people who believe that the average investor, either in real estate or in securities, is entitled to free "stupidity insurance". Caviet Emptor and all. I've made suggestions in the past of pitfalls you can avoid in the markets, and a lot of it is counter intuitive to the novice. Capish?
In terms of that Obama aid who made that statement about “Bringing up Bane Capital makes me nauseous as a concept”. He’s trying to slither out of that statement - - backpeddeling or “doing damage control” or what not. If it were me I wouldn’t give him the chance, because I’d have fired his ass before he could say Jack Robinson. Because the tea party immediately jumped on the news tidbit and now have adds running to the effect that “Obama’s own people have privately turned against him and how you know the things they really believe when nobody is looking”. It was a VERY damaging remark, and that’s why were I Obama I would not waste one more minute on listening to ANYTHING he said. The remark was over the Line, pure and simple and there are too many people are truly devoted to his reelection to tolerate this.
The day has not been totally devoid of news items. There is that guy who went over Niagara Falls attempting to commit suicide or something and fell the 180 foot drop or whatever without any kind of safety device. And he survived. He managed to swim to shore with only a few bangs and bruises. He is lucky given the various currents involved. The highest building in the world was just opened – in Tokyo, called the sky tower or something, and I don’t believe there’ll be anything to top it for a while. Meanwhile in Burbank the Federal government wants to construct a microwave phone transmission tower in a residential neighborhood. The FCC claims these towers are safe for school children or whatever. I dispute this. But like with Stephano Di Mira and the CIA the Federal government is able to overrule any and all sate and local zoning regulations, which is in violation of the federalist principles on which this nation was founded. I would like to see a Court test on this one. And the Golden State Warriers it seems are in Oakland now and have been and cannot move back to San Francisco across the bay until 2017, at the earliest, when their contract with Oakland runs out. San Francisco is busy building them a new stadium in town. President Obama says that Mitt Romney’s economic record on all fronts is part and parcel of this campaign and very germain to all the issues that should be discussed this year in the Presidential campaign, and I agree. It seems that in Sacramento the legislature has just legalized robotic cars that now are allowed to drive on public streets without a driver. That seems a little Orwellian tome at this point and if it were me I’d want to check that out a little more. I’m going on record here that in order to meet their “a matter of weeks” deadline that Lexi carver is going down in this current “attack” that’s she’s had today under enormous stress. There is that song I guess I heard on “House’ or something called “It’s Later Than You Think” – back in the forties or something saying “If you have those travel plans you better do it while you’re still feeling in the pink because it’s later than you think.
Before little Opus Magnum of this posting I see that this particular blog seems to be one of my more popular ones. That's good. We just moved this posting over here because originally a half hour or so ago I didn't have it where I wanted it - which was here, to both this and the previous posting in "Ten Commandments" would be top dog postings for a while. Many ideas I advance as theories, and often one theory works on a different set of premises or not identical premises - - as other theories I have proposed. What we have here is a path that was always "there to be walked down" but I just never walked down it before tonight. So here we go.
And now there are just a few more metaphysical observations I want to re-state. Some may say that “It seems to me that is some natural caticlism occurred in another Universe we should still be concerned about it”. Not to get technical but all Religions talk about “Owing the Universe” and “putting out good or bad karma into the universe” or “It’s the Universe paying you back. Well, “The” refers to This universe. Not another. We have no way of ever reaching them or knowing about them from here and you truly need a “God’s Eye” view of Creation in order to even know that the other Universe - - oblique universes - - exist. We can’t be held responsible for anything we have no way of either learning about, let alone proving. This is why I say that Christianity holds NO moral authority over us because even Dr. Levy admits there is no way of ever proving any of it. And it goes visa versa for them. A Universe is by definition a “closed system”. In that April 2008 posting I mentioned that time and mass were related. Many people hear these words and kind of “trip out” in their minds. This concept isn’t rocket science but pure Newtonian logic. I learned it thanks to a CW network program that went off the air about a year and a half ago. Last season, anyhow. Mass and time are functions or coralaries of each other. You measure mass by how fast time is going. Fast time requires by necessity less mass to”opporate’ and slow time by necessity inherently implies greater mass. This is pure Newtonian logic. And now I’d like to introduce a brand new concept. You’ve heard me say that there is “concave space”. But one could theorize the exisance of “concave space” in the hyperbolic trig sense of the word by how mass and gravity interact. I have stated many times that mass and space have to have a “compatable polarity” meaning a plus or minus sign for you engeneering people, especially the two of you who got murdered last month at USC. In this case you have to make sure the plus goes with the plus and the negative or minus goes with the minus. But now I’d like to introduce the other concept akin to “red square man” a checkers variation I came up as a kid, perhaps single digits in age. It’s a way of making the game of checkers a whole lot harder to win. It’s a simple concept really. Instead of light bending tword a mass - - and as you know Einstein insists photos have no mass so it must be the space itself that bends. We could argue about this till the cows come over but the end result is the same. But the logical coralary is that there is a type of space in which light bends AWAY from a positive mass. You see where I’m headed with this. One might infer that a negative mass would restore the usual behavior of photon beams. We have referred to this as “inside out space”. Chuck Smith has used the analogy of seeing the “ugly side of a faboric’ or viewing the garment inside out and it doesn’t seem to look right. And we only get to see it proper when we’re dead. Many are intrigued by the idea, or at least I am, is when astral projection occurs- - everything we see in that state is mirror reversed. I can’t prove this obviously, but it’s a theory I’m putting out there if you’re looking for some “alternate explanation”. Many have maintained that things of what we call “Heaven” have a negative mass and naturally respond in an opposite manner to gravity. This would eliminate the necessity for gravity itself to alter its nature. So we needn’t try to control what is seemingly inherently possible to change in any way. But perhaps in another special perception - - meaning concave space- we can experience this “lifting up”. Since people translate Heaven as meaning “lifting up” or “lifted up”. You can chew on this – anyhow.
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