Saturday, February 26, 2011
Ratigan: "We Spent Four Times More On Clinton's Blowjob Than We Did Investigating The Financial Crisis"
This summary is not available. Please
click here to view the post.
Bernie Sanders On What Banking Should Be: "It's Clear Bernanke's Magic Money Printing Is Working, It's Just Unclear For Whom"
Visit msnbc.com for breaking news, world news, and news about the economy
Bernie asks the right question. For WHOM did the bailouts work?
Banks Boosts CEO Pay by 34% as Bailout Loans Go Unpaid
SunTrust Chief Executive Wells's Pay Rises 34% as Pension Valuation Climbs - Bloomberg
"SunTrust Banks Inc., the Georgia lender that has yet to repay $4.85 billion in taxpayer bailout funds, reported a 34 percent increase in Chief Executive Officer James Wells’s 2010 compensation."
Durnit! If there were only someway we could get bad banks with evil management to go out of business so good banks would be the only ones surviving! Hmmmm....I'll have to think about that....
Monsanto Shifts ALL Liability to Farmers in its Contracts
Monsanto Shifts ALL Liability to Farmers
"Monsanto's Technology Stewardship Agreement shifts responsibility to growers for any and all losses, injury or damages resulting from the use of Monsanto seeds. There is no expiration date on the contract. The grower may terminate the contract, but: "Grower's responsibilities and the other terms herein shall survive...""
Taxpayer-Owned Freddie Mac Loses $19.8 Billion In 2010
Taxpayer Owned Freddie Mac Loses $19.8 Billion In 2010 - Home - The Daily Bail
"The total bailout of Fannie and Freddie is likely to cost at least $260 billion (Robert Shiller says $1 trillion - CBO says $400b) by the time the government is done using them as landfills for the banks' fraudulently created assets. Of course, by the way that Tim Geithner does math, that amounts to a "profit" for taxpayers on the bank bailouts. Maybe he can explain how this works when he testifies before Congress next week."
Yeah, but it's SO worth it. We definitely get $20 billion worth of utility out of Freddie Mac. (insert eye roll)
10 Health Insurance Companies Get ObamaCare Waivers -- for Their Own Employees
Activist Post: 10 Health Insurance Companies Get ObamaCare Waivers -- for Their Own Employees
"The Department of Health and Human Services (HHS) has granted waivers to 10 health insurance companies, including giants such as Cigna and Aetna and divisions of Blue Cross Blue Shield, from the requirements of the new health care law, also known as ObamaCare."
More cronyism and favoritism handed down by the king....
The solution in Afghanistan: Get out
James P. McGovern and Walter B. Jones - The solution in Afghanistan: Get out - The Washington Post
"No one, it seems, wants to talk about the war in Afghanistan. This week the House debated a budget bill that is touted as reflecting new fiscal restraint, yet borrows tens of billions more for the war."
(James P. McGovern, a Democrat, represents Massachusetts's 3rd
Congressional District in the U.S. House. Walter B. Jones, a Republican,
represents North Carolina's 3rd Congressional District.)
Iceland refuses deal to repay UK Landsbanki deposits
Iceland refuses deal to repay UK Landsbanki deposits - Telegraph
"Iceland's president has refused to sign a $5bn (£3.1bn) deal to repay the UK and Netherlands for deposits lost when Landsbanki failed."
Iceland should tell the U.K. and Netherlands to go fuck themselves. Do your due diligence on the bank before you deposit your money in it. I'm not paying for your stupidity.
Iceland's Voters Get Final Say on Repaying British, Dutch Depositor Debt
Iceland's Voters Get Final Say on Repaying British, Dutch Depositor Debt - Bloomberg
"Iceland’s President Olafur R. Grimsson will give his country’s voters the final say on repaying about $5 billion in debts owed to the U.K. and the Netherlands to cover depositor claims."
Do you really still think the snap-bailout of the U.S. banking system was necessary?
Belgians celebrate 249 days without government
Belgians celebrate 249 days without government - World - CBC News
"Belgians are marking 249 days without a government Thursday — a figure that they are treating as a world record.
Day to day the crisis pits the leaders of six million Dutch-speaking Flemings against those of 4.5 million French speakers, but people from across the country are putting aside their differences to celebrate the occasion."
Holy shit! There must be ANARCHY without GOVERNMENT!!!! Oh, there isn't? Everything is just fine? Hmmmm.....
DEA to legalize marijuana chemical for Big Pharma but keep it a crime for everyone else
DEA to legalize marijuana chemical for Big Pharma but keep it a crime for everyone else
"Have no illusions about the true nature of the so-called "War on Drugs" and the actions of the DEA. The War on Drugs has always been about protecting the profits of the drug companies which have a long and well-documented history of copying street drugs, repackaging them as "medications" and selling them to children as FDA-approved drugs (see below)."
Banks just too big to fail? Iceland shows otherwise
Banks just too big to fail? Iceland shows otherwise - Economy - NZ Herald News
"Decision to let banks go under looks smarter by the day, in contrast to Ireland's costly bailout, reports Yalman Onaran."
Remember how all of you fell for, "the system will collapse"? Are you SURE about that?
Houston Police Caught on Tape Beating People Condemn The Practice of Videotaping Police
Police are trying to make videotaping them illegal. I can see why.
CIA Chief Shoots Tow Pakistan Citizens
Raymond Davis 'was acting head of CIA in Pakistan' - Telegraph
"A US intelligence agent arrested after shooting dead two men was the acting head of the CIA in Pakistan and had been gathering intelligence for drone attacks, according to intelligence sources."
2007: Barack Obama promised to "walk on that picket line" if workers are denied the right to collectively bargain
"And understand this: If American workers are being denied their right to organize and collectively bargain when I’m in the White House, I will put on a comfortable pair of shoes myself, I’ll will walk on that picket line with you as President of the United States of America.
Because workers deserve to know that somebody is standing in their corner." - Senator Obama 2007
Tuesday, February 22, 2011
Simon Johnson With Eliot Spitzer: "Banks are now LARGER and more risky to economy than before bailout."
While I disagree with regulation talk, the scale argument is important to understand.
Matt Taibbi's Latest For Rolling Stone: Florida's Foreclosure Rocket Docket Expedites MASSIVE Bank Fraud
Invasion of the Home Snatchers | Rolling Stone Politics
"The foreclosure lawyers down in Jacksonville had warned me, but I was skeptical. They told me the state of Florida had created a special super-high-speed housing court with a specific mandate to rubber-stamp the legally dicey foreclosures by corporate mortgage pushers like Deutsche Bank and JP Morgan Chase. This "rocket docket," as it is called in town, is presided over by retired judges who seem to have no clue about the insanely complex financial instruments they are ruling on — securitized mortgages and labyrinthine derivative deals of a type that didn't even exist when most of them were active members of the bench. Their stated mission isn't to decide right and wrong, but to clear cases and blast human beings out of their homes with ultimate velocity. They certainly have no incentive to penetrate the profound criminal mysteries of the great American mortgage bubble of the 2000s, perhaps the most complex Ponzi scheme in human history..."
Monday, February 21, 2011
Fed Passes China in Treasury Holdings
CHART: Fed Surpasses China In U.S. Treasury Holdings - Home - The Daily Bail
"The Federal Reserve has surpassed China as the leading holder of US Treasury securities even though it has yet to reach the halfway mark in its latest round of quantitative easing, according to official figures."
Wait a minute...Where did the Fed get the money to buy Treasuries? THEY PRINTED IT! It's like sending money you made on your HP Laserjet to your mortgage company, then saying, "Look! I'm paying off my debts!"
Iceland Actually Prosecuting Bank Fraud...Unlike Crony-Capitalist America
Over 100 under investigation in Iceland bank crash probe | IceNews - Daily News
"Iceland’s Special Prosecutor into the banking crisis says that well over a hundred people are being investigated by his office.
Olafur Thor Hauksson told Frettatiminn that well over a hundred people are legally classified as suspects in his team’s investigations into the causes of the Icelandic banking crisis — adding that the number is set to increase quickly in the near future."
Iceland's dealings with their banking crisis continues to make the U.S. look like a corrupt fascist state.
Rich Take From Poor as U.S. Subsidy Law Funds Luxury Hotels
IT NEVER ENDS: Goldman Sachs, J.P. Morgan & Prudential Steal From The Poor To Earn Subsidies On Luxury Hotels - Home - The Daily Bail
"The landmark Blackstone Hotel in downtown Chicago, which has hosted 12 U.S. presidents, opened in 2008 after a two-year, $116 million renovation. Inside the Beaux Arts structure, built in 1910, buffed marble staircases greet guests spending up to $699 a night for rooms with views of Lake Michigan.
What’s surprising isn’t the opulent makeover: It’s how the project was financed. The work was subsidized by a federal development program intended to help poor communities."
LIBERALS, PAY ATTENTION! When you push power upward, you ASSUME it will be used to help the poor. IT DOESN'T! The powerful use power to get what they want. How many more examples do you need?
Former Fox News employee: ‘Stuff is just made up’
Activist Post: Former Fox News employee: ‘Stuff is just made up’
"A former employee of Fox News called the company a "propaganda outfit" that is determined to undermine the Obama administration and Democrats.
"I don't think people would believe it’s as concocted as it is; that stuff is just made up," the employee, whose name was kept anonymous, told the liberal media watchdog group Media Matters."
Subscribe to:
Posts (Atom)