Wednesday, July 19, 2017

Hmmm.

"It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident...And yet none of this conduct has been punished in any significant way."

Charles Ferguson, Inside Job


“The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true. It really happened. These suspicions are valid.”

Neil Barofsky


"The historical evidence is overwhelming. Many societies have done well for a while – until powerful people get out of hand.  This is an easy pattern to see at a distance and in other cultures.  It is typically much harder to recognize when your own society now has an elite less subject to effective constraints and more able to exert power in an abusive fashion.   And given the long history of strong institutions in the United States, it appears particularly difficult for some people to acknowledge that we have serious governance issues that need to be addressed."

Simon Johnson

Tuesday, July 18, 2017

Bank failures are creeping up again.  The FDIC says "there is no cause for concern"   ----   BUT?

Latest is:

United Fidelity Bank, fsb, Evansville, Indiana, Assumes All of the Deposits of Fayette County Bank, Saint Elmo, Illinois

FOR IMMEDIATE RELEASE
May 26, 2017
FDIC Customer Service Call Center
Toll Free - 1-800-930-5172
Fayette County Bank, Saint Elmo, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation - Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with United Fidelity Bank, fsb, Evansville, Indiana, to assume all of the deposits of Fayette County Bank.
The sole office of Fayette County Bank will reopen as a branch of United Fidelity Bank during its normal business hours. Depositors of Fayette County Bank will automatically become depositors of United Fidelity Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage up to applicable limits. Customers of Fayette County Bank should continue to use their existing branch until they receive notice from United Fidelity Bank that it has completed systems changes to allow other United Fidelity Bank branches to process their accounts, as well.
This evening and over the weekend, depositors of Fayette County Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.
As of March 31, 2017, Fayette County Bank had approximately $34.4 million in total assets and $34.0 million in total deposits. In addition to assuming all of the deposits of the failed bank, United Fidelity Bank agreed to purchase approximately $28.9 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.
Customers with questions about the transaction should call the FDIC toll-free at 1-800-930-5172. The phone number will be operational this evening until 9 p.m., Central Time (CT); on Saturday from 9 a.m. to 6 p.m., CT; on Sunday from noon to 6 p.m., CT; on Monday from 8 a.m. to 8 p.m., CT; and thereafter from 9 a.m. to 5 p.m., CT. Interested parties also can visit the FDIC's website at https://www.fdic.gov/bank/individual/failed/fayettecounty.html.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.0 million. Compared to other alternatives, United Fidelity Bank's acquisition was the least costly resolution for the FDIC's DIF. Fayette County Bank is the sixth FDIC-insured institution to fail in the nation this year, and the second in Illinois. The last FDIC-insured institution closed in the state was Seaway Bank and Trust Company, Chicago, on January 27, 2017.

That is all on this front   ---   for now.

Monday, July 17, 2017

Chris Connor - Blame It On My Youth



Chris Connor(vo)
Herbie Mann(fl,ts)
Ralph Sharon(p)
Joe Puma(g)
Milt Hinton(b)
Osie Johnson(ds)

A Foggy Day - Chris Connor


Chris Connor with Stan Free Quintet - The Night We Called It a Day



Personnel: Chris Connor (vocals), Bobby Jaspar (flute), Stan Free (piano, arrange), Mundell Lowe (guitar), Percy Heath (bass), Ed Shaughnessy (drums)

Lucky Thompson - Tricotism


Friday, July 14, 2017

Jackie McLean - Lights Out! ( Full Album )



Jackie McLean - Alto Saxophone....
Donald Byrd - Trumpet....
Elmo Hope - Piano....
Doug Watkins - Bass....
Art Taylor - Drums....
...........................................................................
1. "Lights Out" - 13:00
2. "Up" - 4:47
3. "Lorraine" - 6:26
4. "A Foggy Day" - 6:24
5. "Kerplunk" - 8:51
6. "Inding" - 6:30

Thursday, July 13, 2017

Charlie Parker-Birds Feathers



trumpet is Miles Davis, with Duke Jordan (p), Tommy Potter (b), and Max Roach (d).

Charlie Parker-Mohawk



Somewhere, sometime 1950.
Charlie Parker-as, Dizzy Gillespie-trp, 
Thelonious Monk-p, Curly Russell-b, Buddy Rich-d

Charlie Parker - Compulsion



 Compulsion - Davis - 5'47" - New York, 30.1.1953 - Miles Davis Sextet:
Miles Davis: Trumpet
Charlie Parker, Sonny Rollins: Tenor sax
Walter Bishop: Piano
Percy Heath: Bass
"Philly" Joe Jones: Drums

Charlie Parker - Meandering




Charlie Parker - Meandering. November 26, 1945. Parker (as); Dizzy Gillespie (p); Curley Russell (b); Max Roach (d).

Tuesday, July 11, 2017

Embraceable you-Charlie Parker live Jazz at the Philharmonic



Personnel: Charlie Parker (alto saxophone); Ella Fitzgerald (vocals); Flip Phillips, Lester Young (tenor saxophone); Roy Eldridge (trumpet); Tommy Turk (trombone); Hank Jones (piano); Buddy Rich (drums).

Audio Remasterer: Phil Schaap.

Paul Quinichette Quartet - The Very Thought Of You




Paul Quinichette (ts), Marlowe Morris (org), Jerome Darr (g), Jo Jones (ds)

Townes Van Zandt - If I Needed You


Georgia On A Fast Train - Billy Joe Shaver


Monday, July 3, 2017

Red Garland - A Garland of Red (Full Album)



Recorded: On 17 August 1956

The Personnel: 
Red Garland - Piano
Paul Chambers - Bass
Art Taylor - Drums

01 A Foggy Day 0:00 
02 My Romance 4:51
03 What Is This Thing Called Love? 11:42
04 "Makin' Whoopee 16:36
05 September in the Rain 20:51
06 Little Girl Blue 25:40
07 Constellation 30.47
08 Blue Red 34:19

Red Garland - See, See Rider



From Red's Blues - Red Garland pf, Paul Chambers db, Art Taylor dm

Tuesday, June 13, 2017

Sonny Stitt & Zoot Sims_My Blue Heaven


Al Cohn and Zoot Sims - East Of The Sun And West Of The Moon




This recording was rather made in 1956, for a disc Al Cohn - Zoot Sims Quintet (Al Cohn, Zoot Sims (ts) Hank Jones (p) Milt Hinton (b) Osie Johnson (d) Webster Hall, NYC, January 24, 1956

Clyde McPhatter and The Drifters - Such A Night - Original Version (Pre Elvis)


Charlie Christian - Lester Young - Buck Clayton - ( Good Morning Blues - Live)



 Buck Clayton (tr) Lester Young (ts) Charlie Christian (gt),Freddie Green (rhythm-gt) Walter Page ( sb) Jo Jones ( dm) - New York - Carnegie Hall ( 24-12- 1939 Live Concert From Spirituals To Swing )