Squelching Freedom of Speech with Lawsuits (August 4, 2007)
Longtime correspondent Aaron Krowne, proprietor of the valuable Mortgage Lender Implode-o-Meter has been sued by one of the firms which imploded. This is clearly intimidation via lawsuit and an attempt to deprive Krowne of free speech.
In my opinion Corporate America knows no bounds when it comes to profits. Enron et. al. was not the end, it was merely a training exercise. The level of lies and deception currently being spun by vested interests in the housing, real estate, mortgage lending and investment banking spaces beggars belief. Now they're trying to eliminate the right of citizenry to question their business practices and finances via lawsuits.
Aaron needs some help to pay his legal bills, which are $20,000 now and expected to climb to $50,000. I have sent over a donation, and I suggest you check out his site and read why you might want to support his fight as well: Mortgage Lender Implode-o-Meter.
In other news, I've posted new Reader's Journal commentaries. There is an excellent series of comments (and one telling chart) on global warming, observations on quality of cars and kitchenware by Dorothy S. and James C., an exchange between Michael Goodfellow and myself over auto mileage standards and other car topics, and Mark D. on Harun's commentary on the "Long War" (see below).
I also updated Recommended books and films with the 11 books on Iraq and the Mideast which were mentioned this week.
Frequent contributor Riley T. sent in two stories relating to yesterday's entry on the coming Fourth Turning:
I just wanted to relate two stories.Riley and I have discussed the interesting question: where are the best places to live while the Fourth Turning plays out? Obviously, such a place must be close to sources of food and energy, because extreme dependency on long supply chains for those essentials is the very definition of insecurity and social instability.
As Riley's stories illustrate, such a place must have political and social stability (hence the long popularity of Costa Rica and Canada). Stability in crisis is of course relative, as gringos who parked their money in Mexico just before the extreme devaluations there can attest.
Extremes of weather require more energy and limit growing days, so that might set some parameters on liveability. Access to water is also essential.
My own thoughts turn to the American Midwest, with its plentiful water, long traditions of tolerance, agriculture and community. Forget ethenol--the wind blows in Iowa all year, and windmills are sprouting like young corn. Yes, it's cold in winter--as it is in much of the U.S. No doubt every state has its share of great places to live while the nation works through 15 years or so of financial pain and cultural malaise. Just from my own travels, I can think of places in California, Oregon, the Virginias, Kentucky, Idaho, New Mexico, Colorado, Wyoming, Minnesota, Iowa--the list undoubtedly includes all states.
But regardless of the locale, the key in my view will always be community; if people share and care, then all sorts of hardships can be weathered.
For more on this subject and a wide array of other topics, please visit my weblog.
copyright © 2007 Charles Hugh Smith. All rights reserved in all media.
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