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From the New York Times, the latest on a scandal with a bunch of iSteve-related angles:

Goldman Sachs Is Drawn Into Prosecution of Vast Financial Fraud

By Matthew Goldstein, Alexandra Stevenson and Emily Flitter
Nov. 1, 2018

Goldman Sachs is facing one of the most significant scandals in its history, a multibillion-dollar international fraud that investigators say was masterminded by a flamboyant financier with a taste for Hollywood and carried out with help from the Wall Street firm’s bankers.

Federal prosecutors on Thursday unveiled a guilty plea from one former Goldman Sachs banker and announced bribery and money laundering charges against a second banker, as part of an investigation into the alleged embezzlement of billions of dollars from a state-run investment fund in Malaysia. Prosecutors also brought charges against the Malaysian businessman they believe stole some of the money: Jho Low, who spent millions of dollars on gifts to celebrities like the actor Leonardo DiCaprio and the model Miranda Kerr.

The money was used to buy a Picasso painting, diamond necklaces and Birkin bags as well as to pay for the Hollywood blockbuster “The Wolf of Wall Street.” Najib Razak, the Malaysian prime minister who established and oversaw the so-called sovereign wealth fund, lost his re-election bid over the scandal, in which American prosecutors said $731 million of the missing money was deposited into his own bank accounts.

The charges against senior employees of a major American bank, a rare move in the decade since the financial crisis, put enormous pressure on Goldman Sachs and its new chief executive, David M. Solomon. American prosecutors are continuing to investigate other bankers and Goldman itself, according to three people with knowledge of the matter.

I just finished reading the new book about Jho Low and his friends like DiCaprio and Jamie Foxx by the Wall Street Journal reporters, Tom Wright and Bradley Hope, who uncovered the 1MDB scandal: Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World.

Jho Low is a pudgy Chinese guy from Malaysia whose dad came up with a master plan of sending his calculating and ingratiating youngest son to the most expensive international schools such as Harrow and Wharton to party with the richest of the rich.

In England, Jho Low became pals with the stepson of the (now ex-) prime minister of Malaysia, Najib Razak, who is best known to Americans as the foreign dignitary whose press conference with Obama got hijacked by the topic of Donald Sterling and the LA Clippers. He recently got voted out of office over this scandal and replaced by his 92-year-old predecessor

Malaysia is one of the less over-populated countries in southeast Asia, so it seems a little more easygoing than most. Its permanent problems is that its Muslim majority, the bumiputras, aren’t all that bright or hard-working, so most of the money is handled by Overseas Chinese like Jho Low.

Jho Low, like more than a few Overseas Chinese in Southeast Asia, figured the easy road to riches was helping the native politicians embezzle from their citizenry. So he got control over a Malaysian sovereign wealth fund that he named 1MDB. My guess is that he came up with that name to make it look like IMDB, Internet Movie DataBase, because he’s a big movie fan.

Also, his go-to move for stealing zillions was to create phony companies with names very similar to real companies. For example, say there is a big investment fund in Abu Dhabi that Jho Low regularly dealt with called, say, AAABBBCCC LLC. Well, Jho Low would just start a firm in the Cayman Islands called AAABBBCCC LTD, because, like I’m always saying, who really reads all the way to the end of a name? And then Jho Low would have Malaysia’s 1MDB wire a few hundred million to AAABBBCCC LTD instead of to AAABBBCCC LLC like he normally did, figuring that the various bank compliance officers who glanced at the transaction wouldn’t notice the difference. This stupid scam worked more often than you might expect. (I’d tell you the real names of the firms involved, but Billion Dollar Whale doesn’t have an index, and I got tired of flipping through endless accounts of Jho Low’s parties in Vegas looking for an example.)

But his big brainstorm was: I give most of the money to the prime minister and just keep a percentage for himself? Why not give the Muslim prime minister the percentage and pocket the main billions for himself?

Or not exactly pocket it, since Jho Low loved to spend money on partying with American celebrities and buying trendy paintings like Basquiat’s Dustheads for $49 million. Jho Low also had his own rap producer, Swizz Beatz (the husband of Alicia Keys). When he bought a record company, he announced to Busta Rhymes, “I own you! You’re my bitch!”

I would have liked to see the authors of Billion Dollar Whale explain more about the economics of being a movie star. Movie actors aren’t paid quite as much these days as in their heyday in the 1990s, but DiCaprio isn’t hurting. Variety says:

Leo­nardo DiCaprio is worth $20 million in a crowd-pleaser like “Inception,” but he’s halving his salary for Quentin Tarantino’s “Once Upon a Time in Hollywood” in order to trigger a sprawling historical epic with dicey commercial prospects.

But these days there are a lot of ways to make money money as a movie star than making movies. For example, in 2013, Low bought another Basquiat for $9 million and gave it to Leonardo, who gave it up to the feds last year.

Billion Dollar Whale ought to make a pretty colorful Wolf of Wall Street-type of movie, although DiCaprio is enough of a power player that you’d have to be pretty brave to greenlight this project.

Maybe Leo’d want to play himself? I mean, it couldn’t hurt to ask. Well, actually it could hurt to ask.

But for some reason I didn’t like this book as much as Bad Blood by the WSJ’s John Carreyou about Theranos, which will star Jennifer Lawrence as Elizabeth Holmes.

Jho Low, the stereotypical Asian Guy Who Likes Rap, could be a pretty funny character on screen, but he doesn’t really come to life in print:

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  1. Harrow has a really bad reputation in England for producing dodgy idiots.

  2. “Goldman Sachs Is Drawn Into Prosecution of Vast Financial Fraud”

    Goldman Sachs is the epicentre of financial fraud.

    • Replies: @Redneck farmer
  3. Speaking of pudgy Asian crooks, a British Indian called Sanjay Shah ran a scam that cheated the Danish equivalent of the IRS out of at least $2 billion, and then re-invented himself as a philanthropist who, inter alia, “founded Autism Rocks and became a part-time concert promoter, at one point booking his personal favorite, Prince” ( )

    Being a modest guy, he created his own “I am Sanjay Shah” youtube channel, where you can watch him explain all the good he has done:

  4. LondonBob says:

    Goldman Sachs was also involved in Philip Green and his bust out of BHS. Phil has subsequently been Metooed.

    • Replies: @Anonymous
  5. So scandal wise, this decade hasn’t been going very well for Goldman Sachs. First Theranos, and now 1MDB. But at least these two scandals serve a useful purpose: they help the public forget Goldman Sachs contributed to the 2007 economic downturn.

    Do scandals come in threes, in the way of musicians/actors deaths? Will GS have another scandal involvement that should be noticed anytime soon?

  6. DFH says:
    @Cowboy shaw

    That is an overstatement; only compared to other public schools, and nowhere near as bad as lesser public schools like Stowe.
    It does have a reputation for being filled with overseas Chinese however, unlike better public schools.

  7. utu says:

    Why Malaysia?

    Kuala Lumpur War Crimes Commission

    In November 2011 the tribunal purportedly exercised universal jurisdiction to try in absentia former US President George W. Bush and former British Prime Minister Tony Blair, convicting both for crimes against peace because of what the tribunal concluded was the unlawful invasion of Iraq.

    Mahathir Mohamad

    Mahathir continued to attract controversy in retirement for remarks on international affairs. He is a strident critic of Israel and has been accused of being antisemitic.[125] In a 2012 blog post, he echoed past claims by writing that “Jews rule this world by proxy.”[126] Also in 2012 he stated: “I am glad to be labeled antisemitic [...] How can I be otherwise, when the Jews who so often talk of the horrors they suffered during the Holocaust show the same Nazi cruelty and hard-heartedness towards not just their enemies but even towards their allies should any try to stop the senseless killing of their Palestinian enemies. Mahathir established the Kuala Lumpur War Crimes Commission to investigate the activities of the United States, Israel and its allies in Iraq, Lebanon and the Palestinian territories.[128] He has also suggested that the September 11 attacks of 2001 might have been staged by the United States government

    `Unscrupulous’ Soros fires a broadside at Mahathir the `menace’

    Behind the knockabout between the two men is a serious debate about the extent to which international capital should be allowed to influence the domestic financial markets of developing countries.

    Dr Mahathir appears to be convinced that “a few people who are in the media and in control of the big money seem to want to see these South- east Asian countries and in particular Malaysia stop trying to catch up with their superiors and to know their place”.

    Did George Soros actually beat Malaysia?

    Malaysia avoided the worst of the 1997 Asian crisis. By pegging the currency, imposing capital controls and propping up state-linked enterprises, the view is the nation escaped the humiliating bailouts doled out to Thailand, Indonesia and South Korea -– coming out whole and proud.

    Yes, the capital controls and currency peg averted financial disaster. In 1998, the International Monetary Fund derided the moves as “retrograde.” By 2002, the IMF changed tack, calling them a “stability anchor.”

    • Replies: @Reg Cæsar
  8. @Cowboy shaw

    Harrow’s scoundrels are second-rate when compared to the ones cultivated at Rugby, though: there can be only one Harry Flashman ;-)

    • Agree: donut
  9. Busby says:

    The charges against senior employees of a major American bank, a rare move in the decade since the financial crisis

    Decade: 2008-2018
    President: Barrack Obama
    Party: Democrat

    Dots? They connect!

    • Replies: @Big Cheef
  10. Jake says:

    Working class whites, deplorables, are responsible for this. Flood their countries with tens, then hundreds, more non-whites, and they’ll never be able to do it again.

    • Replies: @MBlanc46
  11. Francis says:

    Malaysia is a strange country.

    In American terms it has Jim Crow laws and affirmative action at the same time.

    All Malays are officially Muslim. A Scaliaesque reading of the Malaysian constitution would suggest it’s supposed to be the other way around: that only a Muslim can be officially a Malay, but for practical purposes in Malaysia all Malays are considered to be born Muslims.

    Muslims have to follow “syariah” laws, which in the Malaysian context means whatever local criminal laws the local state legislature decides it wants to have e.g. no drinking, no fornicating, whatever, on pain of fines, imprisonment or corporal punishment. The constitution stipulates that these state laws only apply to Muslims; the police can tell who is officially a Muslim because they have “Islam” printed on their ID cards.

    But as “bumiputera” (sons of the soil), the Muslims get officially preferable economic treatment, admission to university without having to compete with ethnic Chinese Malaysians on national exams etc.

    There’s one state in Malaysia (Negeri Sembilan) where it’s possible for an apostate to get their Muslim status removed: a few hundred people have done so. Anyone that does so loses bumiputera status (unless, to be pedantic, they are a native from Borneo, but Negeri Sembilan isn’t in Borneo). In other states, apostasy is a crime.

    It’s a really odd situation when you look at it through the lens of Western discourse on race relations.

  12. Pericles says:
    @Cowboy shaw

    Churchill was a Harrow man, as I recall.

    In Asia, I suppose it goes something like:
    “Harrow, Harrow.”
    “Harrow, Eton.”
    (bow and exchange cards)

  13. YOLO, says Jho Low.

    • Agree: The Anti-Gnostic
    • LOL: Abe
  14. Pericles says:

    Regarding movie stars, there was this article which I think I got here, in the esteemed Rolling Stone:

    Actors and athletes seem very ripe for the plucking by weird (((management companies))) in America. Also said actors and athletes seem more than a bit nuts and spending money like water. In the article, after a while it all gets hazy as Depp always has to borrow more millions even though he’s made half a billion or so, yet buys more art and houses, subsequently can’t seem to bear to part with them and has to borrow some more millions, has to pay the various managers and lawyers and bodyguards and hangers-on and family, yet fails to pay, or does he, suddenly gets married without a prenup, etc. OK, just guessing but he won’t die a rich man.

  15. dr kill says:

    And for those forgetful few, Byron York lays out the PRC-Clinton connections. Begins about 8.10 min.

    Bribes and cheating in Asian cultures are required behaviors.

  16. @Cowboy shaw

    Harrow was the place where Winston Churchill was so painfully dim that he only managed get through it all by using his politician daddy as his protector and money donor. After Harrow, daddykins tried to get Young Winston into Sandhurst and Young Winston managed to pass the entrance exam on his third attempt in 1893 with considerably less than flying colors. Daddykins died of a broken heart and galloping syphilis in 1895.

    • Replies: @YetAnotherAnon
  17. Anonymous[966] • Disclaimer says:

    Jho Low can you go?

  18. fnn says:

    Effing Asians are now after the Jaguars:

    Suriname’s jaguar population is being decimated for the Asian market in arthritis cream, soap, aphrodisiacs and even wine, according to an investigation by World Animal Protection. The inquiry uncovered a chain of hunting and secret trade with high evidence of animal cruelty. Local hunters sell the jaguars for around $260 to Chinese traffickers. Jaguars are increasingly being substituted for tigers, which have become rare, to meet Asian demand for wildlife parts.

    China just reversed its alleged ban on rhino and tiger parts:

    Environmentalists said the decision would likely help fuel a black market for wild rhino and tiger parts, which are revered in traditional Chinese medicine for supposed healing powers, and could lead to increased poaching of the fewer than 30,000 rhinos and 3,900 tigers still in the wild.

  19. Big Cheef says:

    If Trump’s DOJ prosecutes these two, that would be two more than Obama ever prosecuted.

    Obama was pretty effective with prosecuting whistle-blowers, though.

  20. Sean says:

    • Replies: @anonymous
  21. peterike says:

    Wow, a Chinese huckster teams up with an amoral Jewish financial house. What could go wrong?

    THIS is your future, America. PeterIke’s Law, in the billion dollar version.

    As a reminder, PeterIke’s Law states that Asian immigration will be far, far worse for America in the long run than Hispanic immigration, and Hispanic immigration ain’t no picnic.

    The biggest thing holding back Jews, if anything, is there aren’t enough of them, and the younger generations are getting a bit soft. By making Chinese and Indians the new honorary Jews and inviting them on the team, by Jewish men marrying Chinese women everywhere you look, the blending of the three biggest grifter races on earth in America is going to give us a ruling class so amoral, greedy and predatory that it’s going to make today’s ruling elite look like a golden age of restrained capitalism and noblesse oblige.

    • Replies: @Anonymous
  22. The Z Blog says: • Website

    OT: This is the state of the Left.

    • LOL: jim jones
  23. jill says:

    Violation Tracker Parent Company Summary
    Parent Company Name: Goldman Sachs
    Ownership Structure: publicly traded (ticker symbol GS)
    Headquartered in: New York
    Major Industry: financial services
    Specific Industry: banking & securities
    Penalty total since 2000: $9,602,492,860
    Number of records: 26

    • Replies: @Daniel H
  24. George says:

    “AAABBBCCC LLC. Well, Jho Low would just start a firm in the Cayman Islands called AAABBBCCC LTD” Sounds like a Sino-Malay remake of the producers is in order.

    Same scam:

    “A large portion of the blame for this cyber heist lies with the Federal Reserve Bank of New York (New York Fed), since they almost let the entire billion dollars get transferred fraudulently and they failed to notice the warning signs early enough, due to worrying weaknesses, clumsiness and disarray at their Central Bank and International Account Services (CBIAS) unit.”

    Fool SWIFT once is a crime, twice it starts to seem like a conspiracy.

    • Replies: @George
  25. Asian Immigration Horde Is Swamping USA — Trump And GOP Cheers It On

    Sailer from 2015:

    During the Bush Mortgage Bubble, a.k.a., The Idiocracy Era, there was an explosion in births to unmarried women, especially Hispanic ones, while births to white married women stagnated. Since the economic collapse, the quantity of births dropped sharply although the quality stabilized.

    Now we seem to be entering a new era, in which the big winners appear likely to be Asians.

    This reminds me of a prediction one of my Jewish readers made about a half decade ago. She forecasted that by 2050 or so, New York City would be dominated by Chinese. The first first full-blown Jewish mayor of New York City was Abraham Beame, elected in 1973. (La Guardia in the 1930s was half Jewish ethnically.) Since then, Jews have been mayor 24 out of 41 years. But, she said, looking around at New York City today, the city keeps quietly filling up with hard-working, successful Chinese. And there are a lot more where they came from. At present, they mostly just keep their heads down and make money, but in a generation or two there will be a lot more of them.

    In contrast, African-Americans and Hispanics are likely to be increasingly squeezed out of expensive cities by their inability to make enough money.

    Tweet from 2015:

    • Replies: @Nznz
  26. Goatweed says:

    Will this movie make money in China?

  27. SF says:

    Seeing the byline on the Times story, I wondered whether Dr. J’s illegitimate daughter had settled into a solid career, but no, she is still struggling in Tennis and this Alexandra Stevenson is white.

  28. George says:

    Has anyone at the Fed or SWIFT resigned, been fired, or demoted because of this?

  29. eD says:

    There was a major corruption scandal involving Malaysia and the US Navy recently, the Fat Leonard scandal, that was pretty colorful and got pretty much no media coverage in the US.

    Goldman Sachs is one of those institutions that in essence exists to facilitate corrupt deals. Malaysia is a group of minor Muslim emirates in a strategic location cobbled together by the British so could conceivably exist without the corruption, but not Goldman Sachs.

    • Replies: @donut
    , @GeologyAnon
  30. iSteve:

    Asian Guys Who Like Rap is satire?

    Isn’t it?

    • Replies: @anon
  31. B36 says:

    Malaysia has a very strong affirmative action program in favor of the majority Maylays and against the minority Chinese (because without it the Chinese would own everything and overrun the universities). So what’s a poor Chinaman to do?

    • Replies: @jim jones
  32. res says:

    I’d tell you the real names of the firms involved, but Billion Dollar Whale doesn’t have an index, and I got tired of flipping through endless accounts of Jho Low’s parties in Vegas looking for an example.

    Amazon allows you to search inside the book. This makes a pretty good index substitute. For example, on page 188 they show Aabar Investments Ltd. created to mimic Aabar Investments PJS.

    There is also an epub on libgen.

    P.S. Funny finish ; )

    • Replies: @European-American
  33. The charges against senior employees of a major American bank, a rare move in the decade since the financial crisis, put enormous pressure on Goldman Sachs and its new chief executive, David M. Solomon.

    Oh yeah, that reminds me:

    In the years following the financial crisis, the media reported on large-scaled scandals in which the biggest banks were illegally involved. Nevertheless, even after it had learned about these scandals, the U.S. government only fined rather than prosecuted the relevant banks. This approach, which was nicknamed too-big-to-jail, caused a great deal of anger and frustration.

    Trying to justify this policy, Attorney General Holder explained that the DOJ cannot indict big financial institutions because doing so might harm the economy. Holder, testifying before the Senate Judiciary Committee, said that he is “concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute—if we do bring a criminal charge—it will have a negative impact on the national economy, perhaps even the world economy.”

    Some have argued that this declaration is unsurprising given that in 1999, as Deputy Attorney General, Holder instructed prosecutors to consider “collateral consequences” when determining whether or not to prosecute corporations.

    And from Rolling Stone (7/07/2015):

    Eric Holder, Wall Street Double Agent, Comes in From the Cold
    Barack Obama’s former top cop cashes in after six years of letting banks run wild
    Eric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington & Burling. The former attorney general decided against going for a judgeship, saying he’s not ready for the ivory tower yet. “I want to be a player,” he told the National Law Journal, one would have to say ominously.

    Holder will reassume his lucrative partnership (he made $2.5 million the last year he worked there) and take his seat in an office that reportedly – this is no joke – was kept empty for him in his absence.

    But, boy, Holder sure was tough on the Ferguson Police Department, wasn’t he? Apparently some of the cops were sharing racially insensitive jokes on their email and blacks were getting speeding tickets at a higher rate than whites (as they do everywhere).

    • Agree: Charles Pewitt
  34. OT:

    Shades of the Ohio State driving/stabbing attacker, a child refugee who had a receding hairline at “18.”

    Back on topic: Poor Miranda Kerr. Can you imagine cuddling up with that, and then you have to give back all your hard-working earnings?

    • Replies: @Rosamond Vincy
    , @J.Ross
  35. @Cowboy shaw

    Anywhere in England has a really bad reputation for producing dodgy idiots.

  36. Sovereign wealth funds just seem like a bad idea for most countries. Let’s see a giant pile of money and corruptible government leaders. What could go wrong?

    They’d be better off just setting up a fund and requiring it to use index funds to replicate the global market. Once you get to a certain size, it’s very difficult to outperform a generic global asset allocation anyway so why try.

    Of course, in those countries, complexity and lack of transparency are probably seen as features, not bugs, by the political leaders.

    • Replies: @PV van der Byl
  37. Anonymous[392] • Disclaimer says:

    Low effort post here from Steve.

    So there is an Asian guy who is corrupt. How is that different from the huge amount of corrupt white people we see?

  38. @eD

    I stood quarterdeck watch plenty of times when the Glen Defence (fat Leonard’s co.) girls would come in board with paperwork and billing. They did all their business transactions with the captain and supply officer using these attractive Asian girls who, oddly, did everything behind closed doors in the at sea cabin. I always thought it was peculiar they didn’t use the wardroom, which would be more typical. I didn’t think much about it till a few years later when Fat Leonard got busted.

    That said, in seven years sailing WESTPAC I remember *not* using a Glen Defence garbage scow and fuel barge on only one port call, in Tahiti. Pretty big coincidence I guess…

  39. What do we call this guy, J-Ho, or JLow? Or does the other JLo have it trademarked?

    What I don’t get is how those green-eyeshade accountant-types could miss a transfer of money like that – the names may be almost the same, but aren’t there routing numbers? Does he just send a money order from the Circle-K or a cashiers check? Man, those bank tellers ought to be more careful!

    It’s all pretty fishy, but I guess JLow’s probably got a lot of people in on it – when you are talking that kind of money, a hundred large here, and a hundred large there, and pretty soon, well, you might notice the 3rd significant digit off a tad.

    Oh, about that Picasso painting. I’m starting to think that expensive art is nothing but a money-laundering scheme. “Oh, my Rembrandt went up by 2 million last year.” WHY? – cause some appraiser says it did, or some other dude needs to show an expense, and your fund needs to cash out? It’s not like anybody touched up anything on the painting or carefully put on an expensive layer of clear coat.

  40. @res

    > P.S. Funny finish ; )


    “I admit I check out iSteve sometimes, but it’s just for the music videos, honest!”

    “Don’t live the life I just watch”

  41. Mouren says:

    A Chinese billionaire is corrupt and running an enormous scam? Imagine my shock! Why, nobody would have ever expected to read scam and Chinese in the same sentence.

  42. @Achmed E. Newman

    Oh, about that Picasso painting. I’m starting to think that expensive art is nothing but a money-laundering scheme. “Oh, my Rembrandt went up by 2 million last year.” WHY? – cause some appraiser says it did, or some other dude needs to show an expense, and your fund needs to cash out? It’s not like anybody touched up anything on the painting or carefully put on an expensive layer of clear coat.

    Monetary extremism has created the asset bubbles in the art market.

    Dennis Hopper’s art collection got a monetary policy asset bubble boost, just like Hopper’s Frank Booth in Blue Velvet got his boost from a canister.

  43. Anonymous[807] • Disclaimer says:

    Sir Phil’s daughter was impregnated by Jeremy Meeks, the ‘hot felon’.
    Meeks’s father literally beat and tortured a young woman to death for information she never had.

    - A saga almost tailor- made for the Daily Mail.

    Sir Phil, a prominent and observant Jew, must be gutted on many many different levels:

    Jeremy Meeks is goy, black, villainous, of truly appalling trashy lineage, an obvious gold-digger, etc etc.

    A lot of cheated BHS pensioners must be laughing their heads off.

  44. @Citizen of a Silly Country

    They’d be better off just setting up a fund and requiring it to use index funds to replicate the global market.

    That is, essentially, what Norway’s Sovereign Wealth Fund does.

  45. Jho Low has the same vibe as the latest version of Kim.

  46. PaceLaw says:

    Hey Steve, thanks a lot for sharing the link to the YouTube video “Asian Guy Likes Rap.” Totally hilarious! Nerdy(?) Asian guys wanting to emulate hyper-aggressive, low-impulse control having blacks? Who knew???

  47. istevefan says:

    Yesterday the NY Times ran an op-ed criticizing Trump for deploying the military to the Mexican border. However, in their cartoon graphic that accompanied the piece they showed a line of soldiers with little speech balloons. One of soldiers said, “I enrolled to fight in the middle east”.

    Doesn’t that seem a little odd? It seems to reinforce what pro-Trump people believe, namely that our military is being wasted on foreign adventures. Besides in 2018, who enlists to fight in the middle east? Also, what soldier says he “enrolled” in the military? You “enroll” in college. You enlist in the military.

    I would bet the lion’s share of the enlisted ranks would support being deployed to the Mexican border.

    • LOL: Desiderius
    • Replies: @Anon
    , @Lowe
    , @J.Ross
    , @Simply Simon
  48. Michelle Goldberg is going all in.

    Rise of the Armed Left

    In the article she links to this Twitter post by the Socialist Rifle Association. Note the subtlety at work. There are less inflammatory posts she could have chosen to link to.

    And she linked this video. The Times is becoming radicalized.

    • Replies: @Joe Stalin
    , @Anonymous
  49. Anon[127] • Disclaimer says:

    ROTFL of the year.

    Partisan Girl on it.

  50. Anon[127] • Disclaimer says:

  51. Daniel H says:

    Yeah, but the malefactors don’t seem to ever go to jail, which would certainly concentrate the mind. In this latest case, one Tim Leissner, the Goldman banker who was essential to the con, his sanction (so far) just forfeit the ill-gotten gains and move on. No jail time, no punitive fines. What kind of sociopath would be deterred by this enforcement policy? One would almost think that a certain class of people are being protected, at all costs.

  52. Leonardo Di Caprio is 50% Russian and 25% Italian.

    With ancestry like that, perhaps he’s at an elevated risk of getting himself involved with this type of character.

    In this movie, Di Caprio plays a world class conman.

    In this move, Di Caprio is a Wall Street hustler.

    In this movie, Di Caprio seduces another man’s fiance.

    When Di Caprio played these characters, perhaps he wasn’t acting. He was just being himself.

  53. peterike says:

    So there is an Asian guy who is corrupt. How is that different from the huge amount of corrupt white people we see?

    Because the Asian guy should never have been allowed into our country.

  54. Lowe says:

    Haha, he enolled. Don’t political cartoons have editors?

  55. J.Ross says: • Website

    “I enrolled to fight in the Middle East.”
    I didn’t make it past that defeaningly stupid line.
    I don’t know anything about flying or maintaining rotor-wing aircraft, but wpuld be ready to “enroll” in whatever capacity I can be useful, that great souls such as this cartoonist might witness the majesty of the Pacific Ocean.

  56. @istevefan

    “Enrolled.” Obviously neither the cartoonist nor any member of the NYT editorial board ever served in the military. That is not a problem for the NYT, nothing ever is.

  57. J.Ross says: • Website

    Migrant caravanners are suing the government over “violations” of their “Constitutional rights.” They are assisted by leftists who honestly think that the US Government is liable for violations of the rights of every human being not in China, Cuba, Venezuela, the DPRK, Palestine, or the Soviet Union when it existed.

    Our recent legal discussion brought up that not only is the Constitution practically and literally for Americans, but that we can recognize protections for visiting aliens without giving them the farm, and that aliens who want the good stuff should quite reasonably and necessarily be subject to no other authority.

  58. jim jones says:

    I have taught plenty of Bumiputera at my Uni, if they survive the first year I tell them to go back home as they will never be able to compete in the real world.

  59. J.Ross says: • Website
    @Rosamond Vincy

    Kerr has a solid reputation for opportunism and disloyalty, and the basis of her beauty is looking hapa. It’s one thing for this celestial banker to demonstrate Han morality. It’s completely unforgivable for him to be a naive pedestalling pre-teen. The selling point of a scumbag (like the idea that Rahm Emmanuel would actually be good for Chicago precisely because he’s a scumbag) is inhuman pragmatism.

    • Replies: @Rosamond Vincy
  60. @Clifford Brown

    “Who Controls the Guns?”

    Interesting leftest take of gun rights that references historian Clayton Cramer.

    “Fear and Loathing in Whitehall:
    Bolshevism and the Firearms Act of 1920″

    Clayton Cramer argues that the inclusion of rifles but not shotguns, as well as handguns was due to the Ruling Class’ fear of communists:

    “What other evidence is there that would tell us something of the purpose of the Firearms Act of 1920? The Firearms Act licensed handguns and rifles. Concealable firearms have been the weapon of choice for criminals for a very long time, simply because they provide an element of surprise. The pre-war laws regulating the purchase and carrying of firearms applied only to handguns for that reason.

    “If the Firearms Act of 1920 had licensed only handguns, Shortt’s claims before the Commons would be at least superficially plausible. If the Firearms Act of 1920 had included all firearms, it might be argued that it been drafted in an overly broad manner in an attempt to disarm criminals. But the inclusion of rifles (but not shotguns) in this licensing measure suggest that the fear expressed throughout more than two years of Cabinet discussions and reports drove this bill: Bolshevik revolution. In a revolutionary struggle against soldiers, a shotgun’s value is limited because its range is limited. Soldiers armed with rifles can engage a insurgent force armed with shotguns at a distance of 100 to 150 yards with no fear of serious injury, even if the insurgents outnumber the soldiers by a significant margin. Soldiers confronting revolutionaries with rifles, however, would be at serious risk of injury or death, depending on the number or marksmanship of the revolutionaries.

    “The evidence is clear: the proximate cause of the Firearms Act of 1920 was a fear of revolution, which the Cabinet believed might enjoy sufficient popular support to actually overthrow the lawful government. Home Secretary Shortt’s statements to the Commons about disarming criminals, while a plausible explanation for the licensing of handguns, are not supported by Jones’ diary or the secret Cabinet papers. There is no written evidence to substantiate Cabinet concerns about non-political crime, but enormous evidence that the Cabinet believed a violent revolution was imminent in which the police and military would be outnumbered by combat veterans. The functional analysis of the Firearms Act is consistent with this fear, and not consistent with a fear of non-political crime.

    “Based on what the Cabinet believed might happen, the decision to restrictively license rifles in the interests of self-preservation made perfect sense. It is, however, hardly a proud moment, for it suggests that the Cabinet believed that the masses were so opposed to the Government that large numbers of them were ready to rise up — and the Government was prepared to deny the rights of Englishmen in order to preserve a system of government that had lost much of its legitimacy in the pointless and brutal bloodshed of World War I.

  61. J.Ross says: • Website

    People who cannot be arsed to follow local board culture sure have a lot of opinions about how the blog should be run.

  62. @Achmed E. Newman

    Achmed, very interesting take about art and money laundering scheme. I could see the value of a individual painting rising if other works by the artist regularly disintegrated, leaving few works in existence. But there are tens of thousands of works by notable artists in art galleries around the world. Buffalo’s famed Knox Albright gallery has less than 2% of their enormous collection on display at any time.

  63. Alfa158 says:

    What is different is that the criminal is not Jewish for a change.

    • Replies: @Desiderius
  64. J.Ross says: • Website

    Cancer research isn’t cancer research if its sponsors are politically incorrect.
    Anon summarizes:

    a youtube stream that has been having anti jew superchats just had an article in Wall Street Journal written about it about “monetizing hate”, and they took the stream down
    But a month ago, this stream raised $27,000 for a literal Children’s cancer charity, and youtube/WSJ just colluded and got that refunded (probably cos there was a holocaust denial debate on the stream)


  65. J.Ross says: • Website
    @Achmed E. Newman

    A conspiracy theory blog I followed for years once observed, “sure, we can talk about the CIA, but if I tell you about the art world, you won’t believe me.” One of the few places where accepted value recognized in a law court is whatever you can get a seller to accept. Rembrandt’s Night Watch crouched at the back of a school cafeteria for years because post-modernist art critics wanted pretty shapes.

  66. @utu

    Malaysia avoided the worst of the 1997 Asian crisis. By pegging the currency, imposing capital controls and propping up state-linked enterprises, the view is the nation escaped the humiliating bailouts doled out to Thailand, Indonesia and South Korea -– coming out whole and proud.

    Malaysia is also a kind of eye in the hurricane of natural disasters. Her lucky geography protects her from earthquakes, tsunamis, and typhoons that plague the neighbors. That saves them a lot of money and grief.

    • Replies: @J.Ross
  67. J.Ross says: • Website
    @Reg Cæsar

    The one tricky thing is avoiding air travel.

    • LOL: utu
    • Replies: @Reg Cæsar
  68. Jeez, no wonder Harvard doesn’t want to let them in. Now would be a good time to admit the “veritas,” that the Ivy League colleges have Historically been Black but evil whites have suppressed the truth.

    For the next, say, twenty five years, whites and asians need not apply so these schools can get their heritage back without feeling unsafe.

  69. Anon[260] • Disclaimer says:
    @Achmed E. Newman

    It’s interesting to compare this to the Madoff scheme and see how it bears out cultural stereotypes. Madoff took a classic Ponzi system used over and over again, but he crossed all the i’s and dotted all the t’s (for example, by using really random random numbers that followed Benford’s law of anomalous numbers) so it was for a long time very difficult to catch him. This guy on the other hand seems to have made up his own scheme but played it with “cowboy” recklessness, avoiding being caught mostly because nobody bothered to look. So we have the unoriginal but cautious American and the original but crazy Chinaman (Chinese Malaysian, whatever). Curious, for students of such things.

  70. @Alfa158

    Maybe now that Asians are getting in on the heel action Jews can do a face turn. Getting tired of them dropping elbows on us off the top rope all the time.

    Asians have more varied resentments.

  71. @dr kill

    Bribes and cheating in Asian cultures are required behaviors.

    I thought those were Asian behaviors.

  72. anonymous[257] • Disclaimer says:

    Investor Who Won Big Betting on Housing Collapse Falters With China Bets
    Kyle Bass says ‘the subprime market was similar to what is happening in China today’

    Kyle Bass was able to make a right call on the housing crash in 2008 but since that initial success his hedge fund has been a loser. He has staked his reputation on a China crash predicting it for years but it hasn’t happened. He is now trying to get hands on to make it happen.

    • Replies: @Sean
    , @Johann Ricke
  73. Regret says:

    The difference is, we imported the corrupt Asian guy. Having him arond to steal a bunch of money was a choice we made. A closed door could have simply prevented the problem.

  74. @Anonymous

    How is that different from the huge amount of corrupt white people we see?

    You mean the 24 million white people who voted to return a known rapist to 1600 Pennsylvania Avenue?

  75. anon[681] • Disclaimer says:

    Steal a dollar, they call you a thief, steal a billion, they call you Prime Minister.

    Nine out of ten major financial scandals in the world involves a Jew and/or a Chinese or Indian, yet Trump is still doling out the H1b and EB5 visas like candy. NYC is now the biggest financial scam capital the world has ever seen, led by Goldman.

    Gotham City is going to bring the world down in flames, again and again, to all eternity, led by Jews and their new lackeys, Chinese and Indians. They are going to rob the world blind.

  76. Twinkie says:
    @dr kill

    Bribes and cheating in Asian cultures are required behaviors.

    Explain Singapore, one of the least corrupt countries in the world.

  77. @Detective Club

    “Harrow was the place where Winston Churchill was so painfully dim that he only managed get through it all by using his politician daddy as his protector and money donor. “

    You should read his account of his school days.

    Harrow Entrance Exam, Latin paper.

    “I wrote my name at the top of the page. I wrote down the number of the question ‘I’. After much reflection I put a bracket round it thus ‘(I)’. But thereafter I could not think of anything connected with it that was either relevant or true. Incidentally there arrived from nowhere in particular a blot and several smudges. I gazed for two whole hours at this sad spectacle: and then merciful ushers collected my piece of foolscap with all the others and carried it up to the Head-master’s table. It was from these slender indications of scholarship that Mr. Welldon drew the conclusion that I was worthy to pass into Harrow. It is very much to his credit. “

    Maths for Army Entrance (Sandhurst)

    “Of course what I call Mathematics is only what the Civil Service Commissioners expected you to know to pass a very rudimentary examination. I suppose that to those who enjoy this peculiar gift, Senior Wranglers and the like, the waters in which I swam must seem only a duck-puddle compared to the Atlantic Ocean. Nevertheless, when I plunged in, I was soon out of my depth. When I look back upon those care-laden months, their prominent features rise from the abyss of memory. Of course I had progressed far beyond Vulgar Fractions and the Decimal System. We were arrived in an ‘Alice-in-Wonderland’ world, at the portals of which stood ‘A Quadratic Equation.’ This with a strange grimace pointed the way to the Theory of Indices, which again handed on the intruder to the full rigours of the Binomial Theorem. Further dim chambers lighted by sullen, sulphurous fires were reputed to contain a dragon called the ‘Differential Calculus.’ But this monster was beyond the bounds appointed by the Civil Service Commissioners who regulated this stage of Pilgrim’s heavy journey. We turned aside, not indeed to the uplands of the Delectable Mountains, but into a strange corridor of things like anagrams and acrostics called Sines, Cosines and Tangents. Apparently they were very important, especially when multiplied by each other, or by themselves! They had also this merit—you could learn many of their evolutions off by heart. There was a question in my third and last Examination about these Cosines and Tangents in a highly square-rooted condition which must have been decisive upon the whole of my after life. It was a problem. But luckily I had seen its ugly face only a few days before and recognised it at first sight.

    I have never met any of these creatures since. With my third and successful examination they passed away like the phantasmagoria of a fevered dream. I am assured that they are most helpful in engineering, astronomy and things like that. It is very important to build bridges and canals and to comprehend all the stresses and potentialities of matter, to say nothing of counting all the stars and even universes and measuring how far off they are, and foretelling eclipses, the arrival of comets and such like. I am very glad there are quite a number of people born with a gift and a liking for all of this; like great chess-players who play sixteen games at once blindfold and die quite soon of epilepsy. Serve them right! “

    • Agree: Desiderius
    • Replies: @Jim Don Bob
    , @Desiderius
  78. @JohnnyWalker123

    If a man really committed suicide because his wife slept with DiCaprio that is both sad and pointless.

    Did he think she’d be wracked with guilt over his death? If so the poor chap ain’t got a clue. He should have read some of that hateful Men’s Rights stuff (that some people are so down on) and he’d be alive today.

    Years ago I read the autobiography of an old-time London copper (pre-diversity), and one of his jobs was fishing bodies, usually suicides, out of the Thames.

    He said the suicides-for-love were distinguished by their torn and bleeding fingers, as they’d desperately tried to cling to the bridge piers having changed their minds too late. The suicides-for-money – the bankrupts and indebted – just let themselves sink. A lesson there.

    • Replies: @Harry Baldwin
  79. anon[530] • Disclaimer says:
    @Inquiring Mind

    It is the future.

  80. @Twinkie

    Explain Singapore, one of the least corrupt countries in the world.

    Socially constructed.

    Seriously. Singapore shows a lot about what a ruthless but realistic government can accomplish if it’s extremely serious.

    • Replies: @Jim Don Bob
    , @Sean
    , @Twinkie
  81. @The Alarmist

    Just because you don’t take advantage of all the services they offer, doesn’t mean you should get all self-righteous.

    • Replies: @The Alarmist
  82. @JohnnyWalker123

    Here’s the 2011 World Staring Contest final round:

  83. @Twinkie

    Or Japan.

    But that’s not nearly as fun as making random assumptions about people.

    • Replies: @johnl
  84. J.Ross says: • Website

    Yes, let’s ignore the stories of skullduggery in zaibatsu and chaebol, let’s ignore over a billion Han and their eight millennia of consistent rational self-interest unhindered by ethics or feeling, and let one city represent a continent.
    Also, from now on the Middle East is repesented by the Teknion.

    • Replies: @Daniel Chieh
    , @Twinkie
  85. @Steve Sailer

    We should all be so lucky to be ruled by a benevolent dictator like Lee Kuan Yew. Sadly, they are hard to find.

  86. @YetAnotherAnon

    Churchill was the greatest man of the 20th century.

    • Agree: Johann Ricke
    • Replies: @anon
  87. @J.Ross

    Yes, Zhuangzi and Analects were clearly written by people without any interest in ethics or feeling.

    • Replies: @J.Ross
    , @johnl
  88. anon[175] • Disclaimer says:
    @Jim Don Bob

    thanks for the laugh

  89. J.Ross says: • Website
    @Daniel Chieh

    Pretty sure numerous ancient Greeks wrote about paying debts, and it’s not helping them now. Writing down the right answer on a piece of paper and then forgetting about it is not enough in life or in Western-style schooling, and no one familiar with the life or anti-corruption prescription of Confucious would put him forward as a counterargument to this. (I have forgotten what Zhuangzi wrote or did, but that cannot hurt me where others have not learned it.)
    To expand, consider another East Asian city-state with a wierd political situation and an accomplished Chinese ruling class: Hong Kong. They’ve had a few recent corruption stories but I would really like to see the argument that they are more corrupt and less institutionally transparent than the Mainland. Furthermore they have had peculiarities a Westerner might think of as improvements, like free speech and a critical press. Would mainland China now be better off if it had been steered by British administrators instead of being guided by Mao?

    • Replies: @Daniel Chieh
  90. anon[427] • Disclaimer says:

    Singapore is an exception not the rule. The only reason it stayed clean was because its founder Harry Lee was educated in the West, greatly admired the west and was an honest, brilliant, benevolent dictator.

    However since China’s rise he changed his name from Harry Lee to Lee Kuan Yew and started to pivot East. Now Singaporeans are becoming more Asian and less western, and that is bad news, esp. now that LKY is gone. The son is nowhere near as brilliant or capable as the dad. Singapore will become more corrupt over time.

    Japan may look clean to outsiders but they have a very large black market economy run by the Yakuza. They work closely with politicians and run all the sin industries, from prostitution to drugs, gambling, you name it. SKorea has their equivalent called jopok, Taiwan has their tongs, and HK has their triads. They are like the Italian mafia, Russian bratva, Mexican drug cartels, MS13 etc. except not as violent. Mainland China is incredibly corrupt. CCP officials do most of the robbing. India is even worse.

    The only way an Asian country can be corruption free is if they adopt English as the primary language, because language isn’t just language, it comes with a whole different set of culture and attitude, chief among them integrity, which non native English speaking people often lack. The only real honest people in the world are WASPs, esp. Germans and Scandinavians. The English used to be honest, but they’ve gotten Jewed and are now a country run by greedy corrupt hypocrites like the US.

    • Replies: @Anonymous
    , @Anonymous
  91. Yee says:

    Asian countries should hurry up and establish legal ways for the ruling elites to pocket public money. This clumsy operation is truly embarrassing… Learn from the Yankee, fools.

  92. @YetAnotherAnon

    …they’d desperately tried to cling to the bridge piers having changed their minds too late.

    There’s a book, The Survivor’s Club, whose author interviewed, among other people, would-be suicides who had jumped off the Golden Gate Bridge and survived. Every one of them said that they regretted their decision an instant after they jumped.

  93. MBlanc46 says:

    You left out the “of thousands” in two places.

  94. @J.Ross

    Contrary to your beliefs, what you don’t know can indeed hurt you. And Hong Kong is a total plutocracy – the mainland varies but there is something to be said for having the capitalists fear the bureaucrats. Arguably places like Shenzhen are cleaner and more efficient(and indeed, this is revealed preference, productive businesses have gradually moved into the Guangdong province).

    As for corruption itself, its in the definition: lobbying as done in the US is easily seen as bribery given how lobbyists are often friends or family members, which are then “paid” for a job. Mainland China would have been better had the KMT won, but letting the British tear up a place like they are fond to would do no favors to anyone. There would be no China left after the British were done.

    • Replies: @J.Ross
    , @Nznz
  95. J.Ross says: • Website
    @Daniel Chieh

    My belief is that Zhuangzi was a guy and not the title of his book.
    >what you do not know can hurt you
    Are you trying to get me to mention a certain French pastry modified in America to serve as a message-bearing Orientalist novelty?

    • Replies: @Daniel Chieh
  96. @Redneck farmer

    This outlines Goldman Sachs’ place in the business:

    • Replies: @Bill B.
  97. johnl says: • Website
    @Daniel Chieh

    Well, i will surmise that one needs to break 1 or 2 eggs to make an omlete, Mao just wanted to break a couple of eggs in his Great Leap Forward? Anyway, Mao was clearly not thinking in temrs of “ethics or feeling ” in the western sence, so that is OK too–what do those western racists know anyway?

    • Replies: @Daniel Chieh
  98. johnl says: • Website
    @Daniel Chieh

    Thank you for your kind words, but I would have to disagree here on a different level–most recently Japan gave in and allowed “seasonal workers” permanet resident status rather than temporary status. The Japanese government, like elsewhere, caved into business interests…

  99. Nznz says: • Website
    @Charles Pewitt

    According to Twinkie, you should welcome this because of that 5 points IQ advantage something something.

    • Replies: @Twinkie
  100. Nznz says: • Website
    @Daniel Chieh

    Hong Kong is something like the 5th least corrupt place on Earth IIRC, how is that a plutocracy lol.

  101. Sean says:

    My point was that Trump has a stronger hand in dealing with the Chinese leadership than most people realise. They are not ten feet tall you know!

  102. @johnl

    Mao was an idiot with an imported foreign philosophy.

    • Replies: @Twinkie
  103. Twinkie says:
    @Steve Sailer

    Socially constructed.

    Do you think you (or Lee Kuan Yew) could “socially construct” such a level of honesty and lack of corruption in Nigeria?

  104. @YetAnotherAnon

    You can call him many things, but this passage alone rules out dim.

  105. Twinkie says:

    Yes, let’s ignore the stories of skullduggery in zaibatsu and chaebol

    Because we never had robber barons in the United States?

    let’s ignore over a billion Han and their eight millennia of consistent rational self-interest unhindered by ethics or feeling

    You see, if you stuck to a more scientifically modest claim, for example, that modern Western Europe has been less corrupt than modern East Asia, you’d have more than a leg to stand on.

    But when you make a grandiose claim that East Asians have been guided by “eight millennia of consistent rational self-interest unhindered by ethics or feeling,” you reveal how ignorant and stupid you are. In various Chinese classics, there are extended discussions and exhortations of ethics. Quite plainly, it’s been a focus and concern of many East Asian thinkers over “eight millennia.”

    Furthermore, my response about Singapore was NOT that it is representative of China or all of Asia, but simply to rebut the notion from an earlier commenter that “Bribes and cheating in Asian cultures are required behaviors.” I shouldn’t have responded to that idiotic statement either, but I took the bait.

    If you examined the various metrices of corruption, there has been a pretty stunning decline of it in East Asia as it has grown affluent. So it’s quite clear that there is a considerable social (or as Mr. Sailer put it, “socially constructed”) dynamic about corruption. In other words, it’s a considerably malleable social phenomenon that can change over time.

    People who attribute everything to race or heredity are a mirror image of the pure environmentarians whom we like to disparage (quite deservedly) on these electronic pages. They ought to look at themselves in the mirror.

    I’ve linked to this before. I give you people who are apparently not entirely unguided by consideration of ethics – in a city of over 10 million people:

    • Agree: Desiderius
    • Replies: @J.Ross
  106. Twinkie says:
    @Daniel Chieh

    Mao was an idiot with an imported foreign philosophy.

    He was not an idiot. Idiots don’t win a titanic civil war against many odds.

    He was evil.

  107. Twinkie says:

    According to Twinkie, you should welcome this because of that 5 points IQ advantage something something.

    You obviously need that 5 point IQ bump, because you apparently can’t read at the 5th grade level.

    I am NOT an IQ supremacist. I am an immigration restrictionist, because for me cultural assimilation matters more than economic assimilation or intelligence. Furthermore, I am not a meritocracy supremacist either. I don’t care whether Harvard is 20% Asian or 40% Asian. I’d rather that Harvard taught the next generation of elites who are patriotic and possess noblesse oblige toward their fellow Americans of lower socio-economic status. If that meant, as an example, Harvard would have to become 95% Midwestern or Southern rural white, I’d welcome it!

  108. @J.Ross

    I was being sarcastic. Kerr is a notorious gold-digger (to put it politely). Bets are already being made on how soon she’ll dump Spiegel, now that his stock is tumbling.

    I know she was so unpleasant that she was dropped by Victoria’s Secret, David Jones, several Asian brands, and her last husband (actor Orlando Bloom) all around the same time, but how is she “hapa-looking”?

    • Replies: @J.Ross
  109. Anonymous[290] • Disclaimer says:

    The Goldman Sachs banker involved in the scam with Low was a gentile German. Low and his co-conspirators are alleged to have laundered $4.5 billion, which is the net worth Elizabeth Holmes attained during the peak of the Theranos fraud.

    • Replies: @Steve Sailer
  110. Anonymous[290] • Disclaimer says:

    The only real honest people in the world are WASPs, esp. Germans and Scandinavians.

    The Goldman Sachs banker that was involved in the scam with Low was a gentile German.

  111. @Anonymous

    Off hand, I think most of the people involved in “Billion Dollar Whale” are gentiles; there are a lot of Muslims involved, both in Malaysia and the Gulf, so most of the whites aren’t Jewish.

  112. J.Ross says: • Website
    @Daniel Chieh

    You raise a lot of good points (after all, if I do not master my faults, my faults will master me), but this started because of something in the accusation that East Asian and especialy Chinese businessmen are unethical. Why is that something anybody wants to fight over? Is there a line here (besides a reactive one) that should be marked? And by line I mean a line not to be crossed and not a quick excuse for stolen oranges.

    • Replies: @Daniel Chieh
  113. J.Ross says: • Website
    @Rosamond Vincy

    Rosamond, some of us look at their faces.

    • Replies: @Rosamond Vincy
  114. @J.Ross

    The accusation that all of Han is defined by selfish practicality(or for that matter, a lack of ethics and feeling) is really quite silly and quickly rebutted by a book specifically known for its focus on ethics and another specifically on feelings. Peter Frost’s considerations of cognitive empathy is probably more accurate(and interesting).

    • Replies: @Twinkie
  115. J.Ross says: • Website

    Lost wallets? Great, now we just have to require that banks keep their cash in huge leather packages. It is kind of disturbing to see the stereotype of pilpul-in-hanzi so solidly (Never mind the baby-eating, consider what Saint Forgotten remonstrated three thousand years ago).
    I don’t know that whites in any arrangement have been “less corrupt” than Asians, and am certain that this formulation is not scientific. What seems clear is that corruption works radically and consistently differently in the different spheres. What is acceptable shifts, and that complicates comparison. I believe Asians have pointed out in the past that Western companies generally do not “look out for” employees as is normal in North-East Asia.
    Would you have accepted the phrasing (as has been frequenty attested) that doing business in China requires bribery?

  116. Twinkie says:
    @Daniel Chieh

    The accusation that all of Han is defined by selfish practicality

    It was much worse than that. The exact words were: “Bribes and cheating in Asian cultures are required behaviors.”

  117. @J.Ross

    I don’t see whatever it is. Her face is mostly famous for dimples: unusual among hollow-cheeked models.

  118. @anonymous

    Kyle Bass was able to make a right call on the housing crash in 2008 but since that initial success his hedge fund has been a loser. He has staked his reputation on a China crash predicting it for years but it hasn’t happened. He is now trying to get hands on to make it happen.

    That was in March. Since then, China’s Shanghai index has gone down almost 20%. If he was short and failed to make money, he must have somehow picked all the wrong horses to bet against.

  119. Anonymous[202] • Disclaimer says:

    This is a misunderstanding of Lee Kuan Yew.

    LKY was basically a Confucian-Legalist his entire life.

    He began his career as a socialist, and the People’s Action Party was a Leninist style vanguard party with some influence from Oswald Mosley’s British Union of Fascists. He, the PAP, and Singapore shifted from an authoritarian moderate socialism to authoritarian capitalism over the ensuing decades.

    Corruption and integrity have no meaning in themselves. They only have meaning in reference to a particular moral principle or code. When we speak of corruption today, we basically mean deviation from the rule of law, formalism, an adversarial legal system. But if you have a different moral outlook, then the rigid adherence to the rule of law, formalism, and adversarial law can constitute corruption and be incompatible with the moral code. This view may appear unusual in the West today, but that’s largely due to Anglo-American hegemony in the West and much of the world in the postwar period. In the period immediately prior, the nascent and stillborn ideology of Fascism in Continental Europe maintained the same thing: rigid adherence to the rule of law, formalism, procedures, parliamentary democracy, etc., was fundamentally and inevitably corrupt according to many Europeans and their morals, values, and sense of national and cultural integrity. Not just Fascists, but Catholic authoritarians and previous conservatives felt the same way.

    If Singapore chooses to be corruption free according to the Anglo-American conception of corruption, it will go the way of New York or London, which are no longer American and English cities but are simply world financial centers.

  120. Anonymous[359] • Disclaimer says:
    @Clifford Brown

    It’s the rise of the Bolshevik Jews.

  121. Bill B. says:
    @The Alarmist

    I haven’t been able to understand the fuss made over The Wolf of Wall Street which is about boiler room scammers who are a step away from people doing card trick cons in the street. And the antics of adult children are invariably tedious.

    Now a film with teeth about Goldman Sachs would be interesting.

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