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The World Bank Group’s computer network — one of the largest repositories of sensitive data about the economies of every nation — has been raided repeatedly by outsiders for more than a year, FOX News has learned.

It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution’s highly-restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank’s network for nearly a month in June and July.

In total, at least six major intrusions — two of them using the same group of IP addresses originating from China — have been detected at the World Bank since the summer of 2007, with the most recent breach occurring just last month.
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Although the American arrival was of strategic import and helped decide the issue, the new tactics developed by _both_ sides changing the war from static slaughters to maneuver and bypass.

Without these changes and the general German exhaustion, the American losses would have been staggering.

Excellect metaphor of new and supposedly whizzy economics (financial methods) to outdated warfare techniques.

I’ve thought, since I was a young teen, that fractional reverve banking is a completely immoral and unlawful practice. Just as selling products with unbalanced measurements or weights would be. It is nothing short of creating money out of thin air, earning both interest _and_ the principle for special enough to have this special priviledge.

http://www.guardian.co.uk/world/2008/oct/05/iceland.creditcrunch

The Icelandic finance minister says that very soon the krona may not be accepted as currency …

I’m outta my league, dumb as dirt, and desperately seeking a thought that might work.

Mark Haynes this morning said the markets are sort of simmering – like a jilted lover who hasn’t decided what to do (that last part was mine). But his point was that the “information” meter inherent in market movements was at zero. The European factor, the pending demise of the Euro (gotta love the smell of hysteria in the morning), and of course the break-neck speed of the Continentals – nothing like a good financial dither to wipe that smirk off their faces as everyone scrambles to find a “Treasury Secretary”.

Noise on CNBC that optimal “buying opportunities” are pending as Dow hovers around 9800 +/- 5% or 10%. Also a lot of positive response to the Fed tinkering.

Truth is I have stopped paying (full) attention. Too hard on my nerves so there is something to be said for lancing the boil.

The period from CRA in 1977 to F&F accounting scandals in 2005 was sanguinary (I think that’s a word). Stuff happens. We fix it and life goes on. But the covert complicity in covering up the exposure of liabilities during the post-2005 time period is reprehensible. A wink here. A nod there. Pretty soon we’re talking about real leadership. But calls for criminal action I expect to produce very little because it was all legal.

The question of speed however is excellent. I expect the response will include a gender gap ::))

Actually, AM’s Obama boosterism is the tell that they’re a prankster.

A muslim Obama supporter would softpeddle the issue.

A bona fide jihadi would consider Obama to be an apostate. Taqiya can only take you so far, at some point you’ve got to put your foot down, like cucumbers in the same basket with tomatoes …

Just for the heck of it, what do you think of the following purgative?

Raise margin requirements to 70% to 100% and keep them there for about six months. Deliberately crash the stock market so that it reaches its bottom right away rather than grinding downwards for 2 years or so. After all, people are going to have to sell stocks in order to pay their debts. Why don’t we
the (self) annointed make that selling sooner rather than later?

And yes, might as well raise bond margins as well while we are at it.

Result should be weeping, wailing and gnashing of teeth along with larger total liquidity and some high-yield securities as well.

I’m just speculating. Would appreciate your thoughts.