Report: Obama administration urged Japan Prime Minister’s government “to take steps to prevent a further decline in Tepco stock”

Published: May 16th, 2011 at 8:54 pm ET
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The new enervated Tepco, Japan Times (Sentaku Magazine), May 16, 2011:

[...] The steep drop in Tepco’s stock price has already dealt a blow to investment funds in the United States. Nearly 20 percent of its stock is held by non-Japanese investors. This has reportedly led the Obama administration to urge the Kan government to take steps to prevent a further decline in Tepco stock. [...]

Published: May 16th, 2011 at 8:54 pm ET
By
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131 comments

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131 comments to Report: Obama administration urged Japan Prime Minister’s government “to take steps to prevent a further decline in Tepco stock”

  • ZombiePlanet

    Seems I read somewhere that “the LOVE of money is the root of all evil.”

    Next thing Obama (correctly pronounced “Obey-me”) will advise his buddies to buy stock in companies that manufacture body bags.


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  • Cassie

    Ah, so one of the reasons they prevaricated and dissembled.
    To protect the markets.


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  • Anthony

    That this is the only acknowledgement about the turn of events in this disaster is SHAMEFUL.

    I almost feel like giving up.

    I would rather live a frugal existence and be safe and happy instead of paying and hoping for the safety and happiness and getting this bag of turds.


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  • ZombiePlanet

    They want you to give up. That’s the plan.
    Global enslavement.


    Report comment

    • Ashen

      That’s exactly right, ZombiePlanet. I think the point is to make us despair. To see ourselves as animal and ugly. To reject the possibility that we could be and are loved. It’s their hope to make us somehow feel deserving of events taking place now and those to come. Their inhuman goal is to make us give up and surrender. Many will give up and conform. Others will never do so.


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  • Poor Daddy

    Absolutely Krazzzy! Not stop the leak, not entomb that death trap, but whatever you do, don’t let TEPCO stock drop any lower! Might just be the sickest shit I’ve ever heard.


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  • mark V

    “The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.” – Abraham Lincoln


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    • ZombiePlanet

      Excellent post mark V.


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    • mothra

      Yes, thank you for that.

      I’ll add: When they want more, they’ll manufacture “adversity” to generate it while ignoring the real problems.


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      • mark V

        thanks mothra and ZP, I fwd the thanks to this site admin, and add my own, for the opportunity to meet some real men and women.


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      • Jaskal

        “The whole aim of practical politics is to keep the populace in a continual state of alarm (and hence clamorous to be led to safety) by menacing them with an endless series of hobgoblins, all of them imaginary.” – H. L. Mencken


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        • Anthony

          That`s a great post – but I REALLY hate the message!!!! I believe the best in life enough to make me feel very let down by some when their true cards are revealed in life. It just makes me feel icky all over.


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  • Pip-Boy

    and there it is, can’t disconnect the dots now…


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  • radegan

    I’ll bet the Fed and Treasury are holding lots of TEPCO stock dumped there by various banks as collateral for loans over the last few years.


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  • Anthony

    Here`s what our Leaders should be addressing:

    Radiation risks from Fukushima ‘no longer negligible

    … Rain water and tap water

    According to CRIIRAD, a huge proportion of the inquiries it has received concern the risks associated with rainwater and drinking tap water.

    “ Contamination to continue over coming weeks

    CRIIRAD notes that “huge amounts of radioactive material have been released by the Fukushima Daiichi plant since Saturday 12 March 2011. On Tuesday 5 April, 24 days after the accident, the releases continue. This means that the contaminated airborne masses in Europe will last just as long, with a delay linked to the movement of radioactive aerosol gases over some 15,000 km.”

    It also cited a technical report from the operating company (TEPCO) and the Japanese nuclear safety authorities (NISA) which “fear releases over several more days, even weeks”.

    If more fires are reported or if the operators are forced to release more steam in order to prevent hydrogen explosions, new massive waste releases will occur, the institute warned.“

    http://www.euractiv.com/en/health/radiation-risks-fukushima-longer-negligible-news-503947


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  • SteveMT

    The full manifestation of greed can be found here. Gordon Gekko on steroids.

    Obama:
    “Save our non-Japanese investors money now dammit! Forget the People. What People are you talking about, PM Kan. Your government hasn’t done much to protect them, so what do you expect us to do? Propping up TEPCO is the name of the game and forget the rest.”

    These people are reserving a special place in Hell for themselves.


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  • Bon Hoffer said, “Silence in the face of evil is evil.” Natzi Germany


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  • TraderGreg

    So our Teleprompter in Chief was truly concerned about the Fuku – it was the value of TEPCO shares.
    Hope and Change…

    Ah wait – he was also concerned about the BP stock…

    No hope anymore…I give up.


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    • The Obama

      If they all go broke and lose their pensions, how are they going to be able to afford my wonderful Obamacare Plan, soon to feature expensive and exotic new cancer treatments?


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  • Anthony

    The “conflict of interest“ line seems to be being crossed somehow….how can government “endorse“ even indirectly a private corporation ….


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  • norral

    nice keep the markets propped up at any cost. everything ok so long as the market goes up. may all these people burn in hell for eternity and a day


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  • Cuica

    I wonder if Obama realizes that many people will suffer a great deal and die horrible deaths from radiation poisoning?….and wouldn’t that alone be a reason to encourage TEPCO to hurry up and resolve this situation. My God these people have no contact with reality.


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  • mark V

    “…One factor that has given rise to this haphazard scenario is the need to prevent feared chaos in the financial market if Tepco were to go under…”

    http://search.japantimes.co.jp/cgi-bin/eo20110516a1.html


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  • Buck-O

    “The steep drop in Tepco’s stock price has already dealt a blow to investment funds in the United States. Nearly 20 percent of its stock is held by non-Japanese investors. This has reportedly led the Obama administration to urge the Kan government to take steps to prevent a further decline in Tepco stock.”

    Sickening, pathetic, by all means, protect the carry trade, puts and calls, speculators and foreign investments. YOU pay your money and YOU take the risks, JERKS.


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    • radegan

      “Nearly 20 percent of its stock is held by non-Japanese investors. ”

      So it’s 80% owned by the Japanese. But it’s a conglomerate with insurance company wings. Insurance companies buy reinsurance or secondary – from companies like AIG. Owned by you and me.


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  • Bill Harding

    Tepco stock? The future of life on earth is at stake and President Obama is worried about Tepco stockholders?


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    • ocifferdave

      Bill Harding, this is the first time I have ever quoted someones comment in an email and then sent it to my friends and family. Well said. …I also read the whole article…what great journalism! I’m so starved and thirsty for good journalism on important and revealing topics that it felt like I was…well, its indescribably good.


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  • F***ing disgusting.
    All Obushma cares about is Corporate Profit.
    Helps explain why the EPA has been so absurdly lax about monitoring rain, milk and water for radio- nuclides though- it would be bad for the rich!
    Yet I know people who say they’ll vote for him again…


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  • Anthony

    Sounds like someone from around here!!
    Time for a Reality Check …
    By: radicalee Monday May 16, 2011 11:08 am

    http://my.firedoglake.com/radicalee/2011/05/16/time-for-a-reality-check/


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  • hawkeye

    what did you expect

    just another day at the admusement park


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  • hawkeye

    really, what did you expect
    they were going to get there mops and wash buckets and go to the busted nukes an clean up the mess
    show you its safe
    like the nuke shills blog
    there ship left you on the dock a long time ago


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  • anne

    Ron Paul Freemason Rosecrucian, ILLUMINATI connection EXPOSED!”
    http://www.youtube.com/watch?v=kvbd8zRFjbs

    Ron Paul: Dangers of Nuclear Energy Overblown – March 15th, 2011
    http://dprogram.net/2011/03/17/ron-paul-news-3-17-11/

    Title: “SMOKING GUN” PROOF THAT ILLUMINATI PLANNED TERRIBLE EVENTS MANY YEARS AGO TO BRING DOWN OUR CULTURE: Part 2
    http://www.cuttingedge.org/News/n1855.cfm

    Title: STAGED REPUBLICAN – DEMOCRAT “BATTLE” LOOMS AS PRESIDENT BUSH GETS SET TO NOMINATE HIS REPLACEMENT FOR JUSTICE SANDRA DAY O’CONNOR
    http://www.cuttingedge.org/news/n2052.cfm

    Title: Cutting Edge Position On The 2006 Mid-Term Elections
    http://www.cuttingedge.org/News/n2158.cfm

    Ron Paul and Alex Jones Hide Vatican And Jesuit Order Evils In NWO
    “Rep. Ron Paul (RDL-Tex) like House leader Nancy Pelosi are nothing more than traitors and shills for the Vatican and Jesuit Order, according to researchers and historians not afraid to ruffle feathers inside the hierarchy of the Catholic Church.

    “Although alternative broadcasters like Alex Jones and others like to tell people that Rep. Paul and several other liberals in the House and Senate can save America from the evils of the New World Order, these fake news broadcasters fail to tell listeners the ‘other side of story.’

    “And according to these researchers, the “other side of the story” is, of course, the Vatican and Jesuit Order involvement in the takeover of America.

    “Further, by hiding these Vatican facts from the public, all of the above, including Rep. Paul and the fake broadcasters like Jones are, in fact, working for Vatican interests as well, according to researchers finally pinning the Vatican for its role in the NOW”
    http://www.abovetopsecret.com/forum/thread291493/pg1


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      • Anthony

        I would call myself spiritual over religious and definitely believe and follow “God“ but I have to ask, what does the pope think about our plight? To me, NOW would be the appropriate time to receive God`s message and feel Gods love… but instead it is mighty silent in the Church lately, and completely on Fukushima. Through their inaction (or deliberate non action) leaves me hollow in support of the Vatican as the home base for what I call spirituality. Hollow like many young people were left feeling after their abuses. I am not expecting Grand Exhibitions of media on topic but I would expect to be able to tell which boat I am in and with who during a crisis. I am left with believing in God more and man less through the wrong responses from the wrong people. It is us though who empower the disappointing people.


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        • Heart of the Rose

          I dont know..I quoted Rev 7..several times.
          but that would mean… all the races getting along and stuff…
          The “shock and awe” of the horsemen and stuff so much more exciting…I guess.
          Mercy..stage left……..


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        • Deetu 3

          Anthony-the pope is busy telling everyone the church has been ‘cleansed’ after being busted for rampant,systemic paedophilia since time immemorial,and is now once more safe and nutritious for all to enjoy.
          MUCH more important.


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          • Jack

            Anybody confused about the Evils of Rome (I was) needs
            to get a copy of “The Great Controversy (Between Christ and Satan)” by Ellen G. White.
            They have an excellent Blue Hardback edition at Harvestime Books. The Roman so-called church has documented their
            anti-Christian activities, and brazenly asserted that THEY
            are the Authority, despite all the obvious Evil, Bloated, Sinister Miserable falsehood they spew upon the world.
            Christ is Real
            Roman Catholicism IS the False church, whore of Babylon.


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  • Heart of the Rose

    Know the players in the arena.
    http://en.wikipedia.org/wiki/Michael_Chertoff
    http://www.alternet.org/rights/21156/

    Torture..no prob.
    Experiments on animals and HUMANS..no prob.
    http://www.youtube.com/watch?v=bN1tpVQ6koA


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  • Dr. Stranglelove

    Talk about a “HOT” stock…


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  • Anthony

    Huffing and puffing over Fukushima coverage

    Fukushima:

    ABC journalist Mark Willacy writes: Re. “Fukushima nuke plant ‘in a state of meltdown’” (Friday, item 11). Glenn Dyer writes that the Australian media seems to have missed the partial meltdown in the number-1 reactor at Fukushima on Thursday night. Maybe the rest of the Australian media did, but the ABC didn’t.

    In fact, I reported this significant development […]

    http://www.crikey.com.au/2011/05/16/huffing-and-puffing-over-fukushima-coverage/


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  • Anthony

    Key facilitis in Fukushima plant could have collapsed before tsunami: report

    Source: Xinhua
    [14:24 May 15 2011]
    Comments

    Key facilities at the Fukushima No. 1 nuclear power may have been damaged by the quake itself that day rather than tsunami-caused power loss that failed the reactor’s cooling function, Kyodo News quoted a utility source said Saturday.

    Data taken by workers entering the No. 1 reactor building at the crippled plant on the night of March 11 showing the radiation level was as high as 300 millisieverts per hour suggest a large amount of radioactive materials from nuclear fuel in the reactor was already released.

    http://world.globaltimes.cn/asia-pacific/2011-05/655211.html


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  • Mr. Peacefulheart

    FUCK TEPCO!

    FUCK OBAMA!!

    FUCK THEM ALL!!!

    TIME FOR A REVOLUTION!!!!


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    • Cassie

      I agree, they knew from the very beginning how bad it was.
      If you recall all the somber faces and even tears on the part of Tepco and govt officials, they knew. It has been information management since then.

      We are now seeing the incremental roll out.


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      • Anthony

        That is why this caught my attention yesterday – totally agree on information management tactics in play:

        “Data taken by workers entering the No. 1 reactor building at the crippled plant on the night of March 11 showing the radiation level was as high as 300 millisieverts per hour suggest a large amount of radioactive materials from nuclear fuel in the reactor was already released.

        http://world.globaltimes.cn/asia-pacific/2011-05/655211.htm


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  • radegan

    I see the NILU animations for today – lots of North America covered in a top of the scale cloud of radiation. I do not see corresponding readings in ground stations both public and private. Either the NILU animation for today is very wrong or atmospheric conditions have lofted the mass over us and on to Europe, or the private internet networks are being hacked.
    I have no further use for the EPA, 18 stations ‘down’ at the exact moment they were needed is either gross incompetence or worse.


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  • Sean

    Obama is a soulless corporate lackey with no regard for the people of America. As frightening as it sounds, yes, we were better of under Bush.


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  • Anthony

    This is in Forbes
    Scientists Will Track Fukushima Radiation To Study Ocean Currents
    May. 17 2011 – 8:34 am | 493 views | 1 recommendation | 0 comments
    Two people on the shore of the Pacific Ocean

    Image via Wikipedia
    • Radioactive Isotopes Expected to Reach U.S. Coast In One To Two Years

    http://ecocentric.blogs.time.com/2011/05/16/was-fukushima-a-china-syndrome/#disqus_thread


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  • Dr.Stranglelove

    The Obaminator strikes again.


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  • Cee

    I used to be up on the whole illuminatti/elite/freemason thing, but…

    1. I’m starting to think it’s something that the elite created to keep us chasing our tails. If it turns out to be real, then okay.

    2. No one would ever do anything about them anyway. All this talk about stopping them and they are monitoring you the whole time. The Internet is used for you to blow off your steam venting and monitor you. Truth? Like I said before, they invented the internet, and alot of these people talking about them (Alex Jones, etc.) are employed by them to keep it going. These people are not stupid.

    As far as the radiation, do you really want to live in a world that is all contaminated by isotopes? Really?

    I think I’ll just live until I keel over and die. It’s not like you are going to live forever anyways.

    The ultimate destiny for mankind is self destruction.


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  • Cassie

    My .02 and not sure if it will be popular or not.

    1. Anger is natural when dealing with life threatening events, as is affixing blame. It is part of the process we are all going through right now. We are facing a potential horrific catastrophe.
    2. There is more than enough blame to go around.
    3. We let sociopaths run the world, to our detriment.
    4. Greedy corporations, corrupt politicians.
    5. Are we to blame with our ignorance and indifference?
    Or are we innocent victims?
    6. I don’t have any answers, just asking the questions.

    Cassie


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  • JWS

    Are you effing KIDDING me?????????????!!!!!!!!


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  • More trolls Cassie,….remember Eagles don’t need to flick fleas, eh?


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  • Anthony

    Fukushima 90210

    Mat Honan — Hey Californians, you are all going to die. Not in some abstract, eventually, kind of way. But horribly. In a radioactive fire. Probably.

    The Diablo Canyon Nuclear Power Plant, which Rolling Stone dubbed California’s “Fukushima in waiting” straddles fault lines and sits on the edge of the sea. In the wake of Fukushima, it had a safety inspection by the U.S. Nuclear Regulatory Commission on April 11.

    It didn’t go well. The Bay Citizen reports:

    http://gizmodo.com/5802715/fukushima-90210


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    • Anthony

      I didn’t mean to share this in a cruel way – the words are not mine and from the story itself. I am not trying to freak people out by sharing the information or being insensitive in doing so. I think Californians are stressed enough at this point.


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  • bootsforlizzy

    It’s shocking that this is Obama’s response to this disaster. What a slap in the face to the Japanese people. Is he trying to make they’re gov. hate us or what? Really? Stocks are what he is worrying about?? Why don’t they dump some cement, clay(bentonite), or other sealant, on the reactors like they did in the Russian meltdown? And why isn’t the US doing more to help? Seems like our Gov. could care less. So frustrating!


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  • Anthony

    They have a good point!
    Mayors of Hiroshima, Nagasaki angered with Washington over recent nuclear tests

    The mayors of Hiroshima and Nagasaki have displayed a sense of distrust in Washington for its recent nuclear tests, it has been learned.

    Hiroshima Mayor Kazumi Matsui and Nagasaki Mayor Tomihisa Taue jointly met reporters at the Hiroshima Municipal Government on May 22, expressing their concerns over the nuclear weapons performance experiments conducted in the United States in November 2010 and March this year.

    Citing U.S. President Barack Obama’s epoch-making speech calling for a nuclear-free world in Prague in April 2009, Hiroshima Mayor Matsui said, “We call upon the U.S. to withhold from any actions that could generate misunderstandings among those who are sincerely hoping for the elimination of nuclear weapons.”

    They were the first nuclear experiments in the world that have been disclosed since Matsui assumed office as Hiroshima mayor in April.

    “We have yet to learn what significance the experiments have, but we cannot tolerate them if they are to lead to the development of new atomic weapons,” said Nagasaki Mayor Taue.

    Click here for the original Japanese story

    (Mainichi Japan) May 23, 2011


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  • INTERVIEW/ Yasuhiro Nakasone: Learn lessons from Fukushima crisis and continue to promote nuclear energy

    BY TAKAFUMI YOSHIDA STAFF WRITER

    2011/05/24

    ***** Q: But the ripples from the Fukushima crisis have spread around the world. French President Nicolas Sarkozy visited Japan and appealed for the implementation of global safety standards. And German Chancellor Angela Merkel has switched course to end her country’s reliance on nuclear power generation.

    A: President Sarkozy had been scheduled to visit Japan anyway. The March disaster turned his trip into a sympathy visit, and he offered his advice as the leader of an advanced nuclear nation. As for the German decision, that was only to be expected, given the Merkel administration’s character. The reactions of the world are bound to vary from country to country.

    Q: There was widespread suspicion that the Japanese authorities were withholding information concerning the accident at the Fukushima plant.

    A: Japan must disclose every detail to the world. Nuclear energy is “global public property.” If we are to benefit from it, we must reciprocate. It is Japan’s responsibility to disclose information. ****

    http://www.asahi.com/english/TKY201105230163.html


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  • TEPCO took 2 months on report

    The Yomiuri Shimbun

    It took more than two months for Tokyo Electric Power Co. to submit its report to the government on its analysis of what occurred in the Nos. 1, 2 and 3 reactors at its Fukushima No. 1 nuclear plant since the March 11 earthquake and tsunami crippled the power station.

    Many people have asked why it took so long for TEPCO to submit the report, which reached the agency under the Economy, Trade and Industry Ministry just before the deadline late Monday.

    The primary reason for the delay was that the reactors were without power, as their switchboards were submerged in water when the powerful tsunami struck. Most of the data TEPCO used to grasp what had happened in the reactors is normally recorded on computers at the reactors’ central control rooms.

    But shortly after the tsunami, this recording capacity at the Nos. 1 and 2 reactors was largely disabled. Extremely high radiation levels near the control rooms in the early days of the crisis delayed the utility’s ability to retrieve data that had been recorded.

    It was not until earlier this month, when radiation levels declined and rubble was cleared from the area, that TEPCO workers were able to enter the control room to collect the data.

    Besides electronic data, paper records were also left inside the control rooms, which TEPCO scanned to add to the electronic records.

    To fill in the gaps when there was neither electronic nor paper records, the utility interviewed officials who were at the plant at the time, and looked at job sheets and other notes left on whiteboards in the control rooms.

    The International Atomic Energy Agency will convene a high-level ministerial conference on nuclear safety June 20-24 in Vienna, where the government will make a report on the Fukushima disaster. The government had asked the utility to submit its report on Monday, and the utility handed it in at 11:30 p.m.
    (May. 25, 2011)


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