Echoing The Far Right.
HP has picked up the story about a leading UCU trade unionist articulating racist nonsense about Lehman Brothers [nudge, nudge, wink, wink]. You’ve probably heard such lies from neo-Nazi or Holocaust denier web sites, but it is really jumping the shark to have a British trade unionist push this filth.
Jon Pike on Engage covers the start of the UCU conference.
How depressing? A modern trade union almost paralysed with institutionalised anti-Jewish racism.
Update: Adam Holland covers it.
Update 2: Flesh is Grass argues:
“David Hirsh has live-blogged discussion and voting on the international business of UCU Congress 2009.
Aung San Suu Kyi? You must be joking. Israel and the Socialist Worker Party’s cherished boycott. There were 4 late motions, which breezed through undiscussed and unopposed in a derisory 10 minutes.
The Israel business took well over an hour.
Consider for a moment everything that is going on in the world, and then think about how shocking and dysfunctional that is.”
“The loss in value was caused by “changes in the market,” according to Giddens, a partner at law firm Hughes Hubbard & Reed, who spoke at a bankruptcy court hearing in Manhattan. The runoff may indicate Lehman’s customers, including many hedge funds, canceled and closed out trades as they began to doubt the firm’s ability to navigate the credit crunch, bankruptcy analysts and lawyers said.”
Do you have factual information to contradict a hypothesis that money (in whatever form) was moved elsewhere (including to Israel), where disclosure of information regarding ownership and transactions is strictly regulated?
Margaret
06/06/2009 at 06:37
I am not going to read further information on the linked threads of total_truth_sciences or go exploring on the main site. I recall reading that such protected accounts (“off-shore”) are considered a concern by the US Treasury Dept particularly because of the recent economic changes. So this, while not convincing in and of itself, does not seem unreasonable as a possibility.
Margaret
06/06/2009 at 06:49
“so this” = That the money would be transferred to Israel, which has such protected accounts, by people who (1) want the funds protected (2) and/or that support Israel (3) and/or that are invested in Israeli enterprise.
Not a “so this” that includes any thing like a belief that the US is controlled by wealthy Jews.
Margaret
06/06/2009 at 07:09
I searched Google “Lehman Bros”. to see how whether “this filth” was common. It wasn’t; in fact, considering that the article cited discusses $5 billion in investments, when The Wall Street Jounal states: “As much as $75 billion of Lehman Brothers Holdings Inc. value was destroyed by the unplanned and chaotic form of the firm’s bankruptcy filing in September, according to an internal analysis by the company’s restructuring advisers” (link below) one does wonder at the attention payed to it. There has been considerable discussion of the problems of short-sellling, which is considered to have been instrumental in the downfall of both Lehman Bros and Stearns. Since I am not a party to the union issue, and am unfamiliar with both it and investments markets, I’ll end here, other than to say that there was sufficient complexity and obscurity to generate a great many questions about what happened with Lehman Bros.
http://bx.businessweek.com/articles/redir.tn?topic-id=lehman&article-id=14132440437959251259-4144656af32d8b7942109289fcdc9c45&href=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB123050916770038267.html%3Fmod%3Dgooglenews_wsj
Margaret
06/06/2009 at 10:14
Que?
sorry, your point is?
modernityblog
06/06/2009 at 15:21
any chance that you could put a rational argument?
modernityblog
08/06/2009 at 15:15