OT--Poindexter Resigning after "Terror Stock Market" flap



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Topic: Religions > Atheism
User: "Dr. Smartass"
Date: 01 Aug 2003 01:33:17 PM
Object: OT--Poindexter Resigning after "Terror Stock Market" flap
http://story.news.yahoo.com/news?tmpl=story&u=/afp/20030731/pl_afp/us_milit
ary_poindexter_030731200155
Poindexter to resign: defense official
Thu Jul 31, 4:01 PM ET Add Politics - AFP to My Yahoo!

WASHINGTON (AFP) - Retired Admiral John Poindexter has decided to resign
his Pentagon (news - web sites) position following an outcry over a scheme
to create an online futures market designed to anticipate terrorist
attacks, assassinations and wars in the Middle East, a senior defense
official said.
AFP/File Photo


The official, who spoke on condition of anonymity, said Poindexter realized
that controversy over his past involvement in the 1980s Iran-Contra scandal
had made it too difficult to get a dispassionate hearing for his unorthodox
concepts.
"He is kind of working through the details but expects to within a few
weeks offer his resignation," the official said.
Poindexter, who heads the Pentagon's Office of Terrorist Information
Awareness, drew fire this week over a scheme to set up an online futures
market in which traders would bet on the likelihood of future terrorist
action, assassinations and wars in the Middle East.
The Pentagon cancelled the program fewer than 24 hours after it was
disclosed by Democratic members of Congress, who called it immoral and
"unbelievably stupid." The Pentagon had requested eight million dollars for
the program over the next two years.
Poindexter's office, initially named the Total Information Awareness
Office, came under attack earlier this year over plans to develop
information systems capable of detecting terrorist activity by surveillance
of electronic transactions on a massive scale.
That program's "Big Brother" overtones triggered a furor over the prospect
of government monitoring of private lives, as well as questions over what
Poindexter was doing back in government.
The senior defense official said US Defense Secretary Donald Rumsfeld had
not asked for Poindexter's resignation, but it was discussed by other
officials who reached an "understanding" with the admiral.
But Rumsfeld, like Poindexter, recognized that admiral's past role in the
1980s Iran-Contra scandal would make it difficult for his often unorthodox
proposals to get a fair hearing, the official said.
"We've had a couple of programs of varying degrees of merit that have been
seen as, certainly, unorthodox, different in terms of the nature of the
research being done. It is cutting edge and beyond that in some cases," the
official said.
"Given the circumstances with which we are all familiar in the case of
Admiral Poindexter it became difficult to receive an objective reading of
that work," he said.
Poindexter, who served as national security adviser under president Ronald
Reagan (news - web sites), was convicted for lying to Congress about secret
sales of arms to Iran and the diversion of the profits to fund the contra
rebels in Nicaragua. The conviction was later overturned.
He was quietly hired by the Pentagon's Defense Advanced Research Projects
Agency (DARPA) in January 2002 to lead a program to come up with ways to
track terrorist activities electronically.
</quote>
--
Dr. Smartass
BAAWA Knight of Heckling -- a.a. #1939
"And the knowledge that they fear
Is a weapon to be used against them."
--Rush, "The Weapon"
.

User: "Ike Milligan"

Title: Re: OT--Poindexter Resigning after "Terror Stock Market" flap 02 Aug 2003 06:46:19 AM
"Dr. Smartass" <gekiskivviesdo@astroboyskivviesmail.com> wrote in message
news:Xns93CA8C2361A2Caskifyouwantit@65.82.44.187...


http://story.news.yahoo.com/news?tmpl=story&u=/afp/20030731/pl_afp/us_milit

ary_poindexter_030731200155

Poindexter to resign: defense official
Thu Jul 31, 4:01 PM ET Add Politics - AFP to My Yahoo!



WASHINGTON (AFP) - Retired Admiral John Poindexter has decided to resign
his Pentagon (news - web sites) position following an outcry over a scheme
to create an online futures market designed to anticipate terrorist
attacks, assassinations and wars in the Middle East, a senior defense
official said.


AFP/File Photo



The official, who spoke on condition of anonymity, said Poindexter

realized

that controversy over his past involvement in the 1980s Iran-Contra

scandal

had made it too difficult to get a dispassionate hearing for his

unorthodox

concepts.


"He is kind of working through the details but expects to within a few
weeks offer his resignation," the official said.


Poindexter, who heads the Pentagon's Office of Terrorist Information
Awareness, drew fire this week over a scheme to set up an online futures
market in which traders would bet on the likelihood of future terrorist
action, assassinations and wars in the Middle East.


The Pentagon cancelled the program fewer than 24 hours after it was
disclosed by Democratic members of Congress, who called it immoral and
"unbelievably stupid." The Pentagon had requested eight million dollars

for

the program over the next two years.


Poindexter's office, initially named the Total Information Awareness
Office, came under attack earlier this year over plans to develop
information systems capable of detecting terrorist activity by

surveillance

of electronic transactions on a massive scale.


That program's "Big Brother" overtones triggered a furor over the prospect
of government monitoring of private lives, as well as questions over what
Poindexter was doing back in government.


The senior defense official said US Defense Secretary Donald Rumsfeld had
not asked for Poindexter's resignation, but it was discussed by other
officials who reached an "understanding" with the admiral.


But Rumsfeld, like Poindexter, recognized that admiral's past role in the
1980s Iran-Contra scandal would make it difficult for his often unorthodox
proposals to get a fair hearing, the official said.


"We've had a couple of programs of varying degrees of merit that have been
seen as, certainly, unorthodox, different in terms of the nature of the
research being done. It is cutting edge and beyond that in some cases,"

the

official said.


"Given the circumstances with which we are all familiar in the case of
Admiral Poindexter it became difficult to receive an objective reading of
that work," he said.


Poindexter, who served as national security adviser under president Ronald
Reagan (news - web sites), was convicted for lying to Congress about

secret

sales of arms to Iran and the diversion of the profits to fund the contra
rebels in Nicaragua. The conviction was later overturned.


He was quietly hired by the Pentagon's Defense Advanced Research Projects
Agency (DARPA) in January 2002 to lead a program to come up with ways to
track terrorist activities electronically.

</quote>

--
Dr. Smartass
BAAWA Knight of Heckling -- a.a. #1939

"And the knowledge that they fear
Is a weapon to be used against them."
--Rush, "The Weapon"

I would be interested to learn when this idea was hatched. The reason being
that it looks kind of like a diversion form the yellowcake controversy with
Poindexter taking a fall to satisfy the bloodlust of the people who felt
betrayed by being lied to and manipulated by the president's speech about
WMD and nukes in Iraq.
.

User: "Fear gan dia"

Title: Re: OT--Poindexter Resigning after "Terror Stock Market" flap 01 Aug 2003 06:14:39 PM
Verily verily I say unto you, it is written by "Dr. Smartass" <gekiskivviesdo@astroboyskivviesmail.com>
in <Xns93CA8C2361A2Caskifyouwantit@65.82.44.187>:
#
# http://story.news.yahoo.com/news?tmpl=story&u=/afp/20030731/pl_afp/us_military_poindexter_030731200155
#
# Poindexter to resign: defense official
# Thu Jul 31, 4:01 PM ET Add Politics - AFP to My Yahoo!
#
#
#
# WASHINGTON (AFP) - Retired Admiral John Poindexter has decided to resign
# his Pentagon (news - web sites) position following an outcry over a scheme
# to create an online futures market designed to anticipate terrorist
# attacks, assassinations and wars in the Middle East, a senior defense
# official said.
The scheme to allow fat cats to profit from war and terrorism
raises interesting questions. Would Bush associates by prevented
from participating by SEC rules on insider trading?
--
Fear gan dia ### http://goddamliberal.blogspot.com
Director, EAC Division for Leaving the Toilet Seat up.
Dump the chimp! Re-elect a Democrat in '04.
.
User: "Elroy Willis"

Title: Re: OT--Poindexter Resigning after "Terror Stock Market" flap 02 Aug 2003 11:47:13 AM
Fear gan dia <xxdxxtllbxqn@dqxqrtbqlrh.com> wrote in alt.atheism

Verily verily I say unto you, it is written by "Dr. Smartass"
# http://story.news.yahoo.com/news?tmpl=story&u=/afp/20030731/pl_afp/us_military_poindexter_030731200155
# Poindexter to resign: defense official
# Thu Jul 31, 4:01 PM ET Add Politics - AFP to My Yahoo!
# WASHINGTON (AFP) - Retired Admiral John Poindexter has decided to resign
# his Pentagon (news - web sites) position following an outcry over a scheme
# to create an online futures market designed to anticipate terrorist
# attacks, assassinations and wars in the Middle East, a senior defense
# official said.
The scheme to allow fat cats to profit from war and terrorism
raises interesting questions. Would Bush associates by prevented
from participating by SEC rules on insider trading?

Seems like it to me. Of course, if the SEC is being influenced by
current politicians, they might choose to overlook it.
--
Elroy Willis
EAP Chief Editor and Newshound
http://web2.airmail.net/~elo/news
.

User: "johac"

Title: Re: OT--Poindexter Resigning after "Terror Stock Market" flap 02 Aug 2003 02:58:06 AM
In article <3f2af45f.003@dqxqrtbqlrh.com>,
"Fear gan dia" <xxdxxtllbxqn@dqxqrtbqlrh.com> wrote:

Verily verily I say unto you, it is written by "Dr. Smartass"
<gekiskivviesdo@astroboyskivviesmail.com>
in <Xns93CA8C2361A2Caskifyouwantit@65.82.44.187>:

#
#
http://story.news.yahoo.com/news?tmpl=story&u=/afp/20030731/pl_afp/us_military
_poindexter_030731200155
#
# Poindexter to resign: defense official
# Thu Jul 31, 4:01 PM ET Add Politics - AFP to My Yahoo!
#
#
#
# WASHINGTON (AFP) - Retired Admiral John Poindexter has decided to resign
# his Pentagon (news - web sites) position following an outcry over a scheme
# to create an online futures market designed to anticipate terrorist
# attacks, assassinations and wars in the Middle East, a senior defense
# official said.

The scheme to allow fat cats to profit from war and terrorism
raises interesting questions. Would Bush associates by prevented
from participating by SEC rules on insider trading?

They'd just find a way to change the rules.
--
John Hachmann, aa #1782
"In those parts of the world where learning and science has prevailed,
miracles ceased; but in those parts that are barbarous and ignorant,
miracles are still in vogue." -Letters of Ethan Allen to Thomas Jefferson
.

User: "stoney"

Title: Re: OT--Poindexter Resigning after "Terror Stock Market" flap 14 Aug 2003 03:10:19 AM
On Mon, 04 Aug 2003 02:31:34 GMT, Al Klein <rukbat@pern.invalid>,
Message ID: <0chriv40thpip7bu4c9e2gdelksq338osq@Pern.rk> wrote in
alt.atheism;

On Fri, 01 Aug 2003 23:14:39 GMT, "Fear gan dia"
<xxdxxtllbxqn@dqxqrtbqlrh.com> posted in alt.atheism:

The scheme to allow fat cats to profit from war and terrorism
raises interesting questions. Would Bush associates by prevented
from participating by SEC rules on insider trading?


Would terrorists be?

ShrubCo (tm) wouldn't be bothered by such things as 'rules' since the
U.S. Constitution is being utilized inside the Beltway as toilet paper.


Stoney
"Designated Rascal and Rapscallion
and
SCAMPERMEISTER!"
When in doubt, SCAMPER about!
When things are fair, SCAMPER everywhere!
When things are rough, can't SCAMPER enough!
/end humour alert
alt.atheism military veteran #11
{so much for the 'no atheists in foxholes' rubbish}
.
User: "Marc Fleury"

Title: Re: OT--Poindexter Resigning after "Terror Stock Market" flap 15 Aug 2003 07:40:40 AM
stoney wrote:

Al Klein <rukbat@pern.invalid> wrote in alt.atheism;

<xxdxxtllbxqn@dqxqrtbqlrh.com> posted in alt.atheism:

The scheme to allow fat cats to profit from war and terrorism
raises interesting questions. Would Bush associates by prevented
from participating by SEC rules on insider trading?


Would terrorists be?


ShrubCo (tm) wouldn't be bothered by such things as 'rules' since the
U.S. Constitution is being utilized inside the Beltway as toilet paper.

A lot was made out of the possibility that terrorists could make money
off the market by "predicting" their own acts. The critics didn't seem
to catch on to the idea that this is precisely what the market would
be for. People with inside information about upcoming terrorist
attacks would create large moves in the market, which would supply a
sort of advanced warning to the US government. In addition, after the
fact, they would have a list of investors who would make a great place
to begin their investigation.
--
Marc.
.
User: "jwk"

Title: Re: OT--Poindexter Resigning after "Terror Stock Market" flap 15 Aug 2003 01:31:27 PM
Marc Fleury <marcfleury@sympatico.ca> wrote in message news:<3tkpjv0hid121fspjupjntgrhvsta963du@4ax.com>...

stoney wrote:

Al Klein <rukbat@pern.invalid> wrote in alt.atheism;

<xxdxxtllbxqn@dqxqrtbqlrh.com> posted in alt.atheism:

The scheme to allow fat cats to profit from war and terrorism
raises interesting questions. Would Bush associates by prevented
from participating by SEC rules on insider trading?


Would terrorists be?


ShrubCo (tm) wouldn't be bothered by such things as 'rules' since the
U.S. Constitution is being utilized inside the Beltway as toilet paper.



A lot was made out of the possibility that terrorists could make money
off the market by "predicting" their own acts. The critics didn't seem
to catch on to the idea that this is precisely what the market would
be for. People with inside information about upcoming terrorist
attacks would create large moves in the market, which would supply a
sort of advanced warning to the US government. In addition, after the
fact, they would have a list of investors who would make a great place
to begin their investigation.

No. No one was supposed to be able to invest huge sums. I think the
limit was $100, which makes the whole thing simply stupid. Also I
believe they said only a few people would be invited to be investers.
The whole idea was flawed from the beginning to the end.
jwk
.





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