Story of O: It's a Mystery, you DFH's!

[placton]

We find out, again, who O protects with US trillions - and no transparency:

"The second-biggest bank of the US, JP Morgan Chase, which acquired Washington Mutual and Bear Stearns recently, will increase its outsourcing to India by 25% this year to nearly $400 million. It will also manage the integration of the acquired companies from India to bring down the cost of integrating different information technology (IT) systems.

Right now, JP Morgan outsources $250-300 million worth of IT and back-office projects every year to Cognizant, TCS and Accenture, apart from to its own captive centre in Mumbai.

“JP Morgan CIO Guy Chiarello said last week that he will increase outsourcing to India, and will drive several integration projects from there,” a New York-based expert, familiar with JP Morgan’s outsourcing plans, told ET last week, on conditions of anonymity. A spokeswoman for JP Morgan India could not reply to an email query sent by ET on Friday, and the bank’s spokesperson in the US too did not reply.

“JP Morgan is one of the first banks in the US to have fleshed out its outsourcing strategy ever since the banking meltdown happened. Many others are still undecided about their IT spend,” said a senior official at one of the technology firms, who did not wish to be quoted.

Read more: http://economictimes.indiatimes.com/Infotech/ITeS/JPMor...

"Mr. Obama indicated that the end was not in sight when it came to the economic crisis and suggested that he expected it could take another $750 billion to address the problem of weak and failing financial institutions beyond the $700 billion already approved. Maintaining support for the additional costs of bailouts is quite likely to be among Mr. Obama’s biggest challenges, given the anger that many Americans feel toward Wall Street executives who they believe are being unduly rewarded with bailout money." http://www.nytimes.com/2009/03/08/us/politics/08obama.html?pagewanted=2&_r=1

As Jane Hamsher points out, EVERY attempt to find out where the money is going, is being stonewalled.
http://firedoglake.com/2009/03/09/campaign-launch-tell-congress-no-more-dough-till-we-know-where-it-goes/

It seems that the story of O is becoming a mystery novel - we can't know about foreign policy, or wiretaps, or torture, either.

"Having inherited an undifferentiated mass of legal "war on terror" doctrine from the Bush administration's constitutional chop shop, President Obama finds himself in the position of being Bush's Secret-Keeper. Picking its way warily through a minefield of secrecy and privacy claims, the Obama administration this week released nine formerly classified legal opinions produced in the Office of Legal Counsel (while holding back others that are being sought) and brokered a deal whereby Karl Rove and Harriet Miers will finally testify about the U.S. attorney firings (but not publicly). Meanwhile, the administration clings to its bizarre decision to hold fast to the Bush administration's all-encompassing view of the "state secrets" privilege, and the Nixonian view of executive power deployed to justify it. The Obama administration has also been quick to embrace the Bush view of secrecy in cases involving the disclosure of Bush era e-mails and has dragged its feet in various other cases seeking Bush-era records. If there is a coherent disclosure principle at work here, I have yet to discern it."
http://www.slate.com/id/2213027/pagenum/all/


Sigh.

[hfojvt]

1. Is O a term of endearment or respect?

I have seen "Story of O" before and I just remembered the original. "Story of O" is a novel, published by Random House, about a woman who is kidnapped by her 'lover' and 'trained' to become a slave. Pretty sick stuff, imo. I refused to sell it to the guy who ordered it from my bookstore.

[dipsydoodle]

2. Did you mean to paraphrase this ?

http://en.wikipedia.org/wiki/Story_of_O