Historical Documents

Now that Guantanamo is history

The latest shocking documents Der Spiegel obtained from WikiLeaks just don’t seem to have that, yawn, special shocking punch they used to have. Not that the other leaks were really all that especially shocking either, but still.

Gee, I sure hope this doesn’t mean that WikiLeaks is history now too.

A working group has been reviewing the detainee assessments since January 2009 and has in some cases reached different conclusions to those contained in the files. Thus, the documents that have been obtained do not represent the US government’s current assessments.

PS: Thanks for the Saint Julian link, Joe. My, how transparent.

Good Bank Bad Bank

Amerikanische Banken sind böse, deutsche sind gut.

Deutsche Bank AG, whose bets against subprime mortgages helped it weather the financial crisis, pressed to sell a $1.1 billion collateralized debt obligation to clients in 2007 as the co-head of its CDO team foresaw a market slump, a U.S. Senate panel found.

Lippmann (not the co-head but then-top CDO trader), whose bets against the housing market were also described in Michael Lewis’s “The Big Short,” had repeatedly tried to warn co-workers and clients in 2006 and 2007 about the poor quality of the mortgage securities underlying many CDOs, according to the report. The return on his bets against mortgages “was the largest profit obtained from a single position in Deutsche Bank history.”

“Keep your fingers crossed but I think we will price this just before the market falls off a cliff.”

So how do German financial experts react to the big short CDO scam and the crisis that followed? How else? American banks have to take the responsibility for what happened.

“Im Nachgang der Finanzkrise müssen sich amerikanische Banken verantworten.”

A Permanent Security Council Seat For Germany?

Let’s vote.

“Germany has lost its credibility in the United Nations and in the Middle East.”

“Germany has turned the idea of a unified European Union foreign policy into a farce.”

“Germany’s hopes for a permanent Security Council seat can be buried. Even the idea of an EU seat is damaged.”

“I don’t know what the German foreign minister was thinking, but (the abstention) doesn’t have much in common with a values-driven foreign policy nor with German and European Union interests.”

“German hopes for a permanent seat on the Security Council have been permanently dashed and one is now fearful of Europe’s future.”

“Why is it so difficult for us in Germany to realize that we have to help the rebels in Libya, primarily because a bloodbath is looming in Benghazi?”

“Everyone has seen pictures of the Warsaw ghetto. Everyone knows what happens when an army takes over a city. That’s why all parties in France, including on the left, were in favor of a military intervention in Libya. In Germany, that didn’t happen.”

“The opposition to our closest partner France is a break with all constants of German foreign policy since 1949.”

“I have nothing but shame for the failure of our government.”

“The reform of the United Nations Security Council remains a major goal for the German government. The German government’s willingness to shoulder more responsibility within the framework of such reform is unchanged.”

Hot Dog It Another Baader-Meinhof Film!

The Berlinale is always good for a surprize. But it’s always the same one: No surprizes.

How original, sort of. Hopeless romantics that they are, politically correct Germans everywhere will be as enamored as they should be in this latest “political love story” about (with?) the RAF, “If Not Us, Who?”

Specifically, it’s about two fine young terrorists who fell in love, made love and then went on to become key figures in that wacky and fun-loving leftist group that carried out a bloody campaign of kidnappings and murders in the 1970s. You know, kind of like the Manson clan only, this being Germany, their madness was more political?

It’s a film that wants us to truly understand these folks with, I dunno, understanding, understanding how their political consciousness arose, with a special emphasis being placed on the conflict between the Nazi and postwar generations–an aspect that has never ever, ever been addressed here in this country before, ever, not once, honest. In other words, they were the victims (again).

Be sure to see it. It’s so… Political. And Romantic with a big R. If it doesn’t win the Golden Bear than… If not them, who?

3-D Big At The Berlinale This Year

They won’t be showing these, though.

Unlike Hollywood’s 1950s 3-D movies, which used two projectors, the Nazi version used standard 35mm film cut in half into a split-screen. When it was projected, a prism would combine the two images.

Ironically, he first disclosed the find during the Berlinale, the Berlin film festival, this week, where filmmakers worldwide were rolling out 3-D movies.

The New Narrative

Ever read The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb?

It covers a whole lot of stuff but what really interested me was his handling of history. It really struck a chord with me. History is basically a series of improbable and completely unpredictable events. There is no “flow” to it, at least not that we can recognize, we only see these periodic erruptions (kind of like earthquakes or sudden volcanic erruptions) that come out of nowhere and are therefore unforseeable.

What we then do, however (we are human and simply demand an explanation), is quickly assign them meaning, a new narrative in the broader narrative we had made up before. We don’t have an explanation but we pretend that we do. And THEN, strangest of all, we quickly delude ourselves into thinking that the given event was actually predictable, that the people who lived through it somehow knew it was going to happen, or should have.

Think 9/11, the fall of the Berlin Wall, Hitler, World War I, etc. Get the “flow” now?

Anyway, when it comes to Egypt, we’ve already passed the narrative stage and Egypt isn’t finished being Egypt yet.

Suddenly it seems everyone knew all along that President Mubarak was a villain and the US, who supported him until recently, was even worse.

Counter-Culture Club Closed

You can squat, but you can’t hide.

Not for more than twenty years or so, I mean. Time moves differently in Berlin.

The house in the former East Berlin was occupied as Germany was reunited in 1990. Residents were given rental contracts at one stage but those were later terminated when private investors bought the building.

“Cairo is not Berlin”

But where Polish Solidarity activists and East Berliners could look to the West — and, specifically, the United States — as a model in opposition to their reviled Communist leaders, in this case, it is the U.S. which has, awkwardly, helped prop up a leader who has lost credibility with his people.

On Friday night, President Obama finally found some strong words, “What’s needed right now are concrete steps that advance the rights of the Egyptian people, a meaningful dialogue between the government and its citizens, and a path of political change that leads to a future of greater freedom and greater opportunity and justice for the Egyptian people.”

“President Barack Obama should set a new rule for his administration’s policy in the region — when he draws a line in the sand and stakes out a position that is ignored by an ally in the region, there should be consequences, and policy changes should be implemented.”