(KurtNimmo) – Democrats hate the idea that the First Amendment does not explicitly restrict the right of corporations to free speech. In order to address this perceived flaw, Rep. Hank Johnson, a Georgia Democrat, has proposed amending the Constitution. Read the rest of this entry »
(WeAreChange) – Before confronting Henry Paulson, Luke Rudkowski of WeAreChange gets harassed & intimidated by NYPD Officers for filming, then has an exchange with a secret service member during & after the confrontation. Read the rest of this entry »
(DailyBail) – The US Treasury, secretly without the authority of Congress, put taxpayers on the hook for $2.4 trillion in yet another secret Wall Street bailout. Read the rest of this entry »
On the Thursday, November 8 edition of the Alex Jones Show, Alex welcomes back trends forecaster and author Gerald Celente who will talk about the former boss of MF Global, John Corzine, taking the Fifth as Congress fumbles its way through an investigation of the failed company. Celente lost money in the six figure range after MF Global grabbed cash from supposedly segregated customer accounts. Part 1 of 3
(PaulWatson) – Hank Paulson-style fearmongering is desperate effort to save single currency, preserve plan for superstate Read the rest of this entry »
(WashingtonsBlog) – Leading bank analyst Chris Whalen has raised the question of whether criminal charges should be brought against former Treasury Secretary Hank Paulson.
Any discussion of whether Paulson committed unlawful actions as Treasury Secretary needs to start with Tarp.
Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives. Read the rest of this entry »
(DailyIntel) – Editor’s note: Mr. Lewis may experience a heart attack or one of those overnight cases of terminal cancer. Read the rest of this entry »
(DowJones) – Russian Prime Minister Vladimir Putin’s office Monday denied Russia approached China in 2008 to sell off U.S. Fannie Mae and Freddie Mac bonds, as detailed in former U.S. Treasury Secretary Henry Paulson’s memoirs. Read the rest of this entry »
(FinancialTimes) – Hank Paulson feared there would be a run on the dollar during the early phase of the financial crisis when global concerns were focused on the US, the former Treasury secretary has told the Financial Times. Read the rest of this entry »
(ZeroHedge) – When Henry Paulson publishes his long-awaited memoirs, the one section that will be of most interest to readers, will be the former Goldmanite and Secretary of the Treasury’s recollection of what, in his opinion, was the most unpredictable and dire consequence of letting Lehman fail (letting his former employer become the number one undisputed Fixed Income trading entity in the world was quite predictable… plus we doubt it will be a major topic of discussion in Hank’s book). We would venture to guess that the Reserve money market fund breaking the buck will be at the very top of the list, as the ensuing “run on the electronic bank” was precisely the 21st century equivalent of what happened to banks in physical form, during the early days of the Geat Depression. Read the rest of this entry »
Financial insider and commentator Yves Smith wrote an essay last week entitled “MSM Reporting as Propaganda” arguing that the government has been using propaganda to make people think that things are getting better, no one is angry, and – therefore – no one should get upset: Read the rest of this entry »
During that long summer between the collapse of Bear Stearns and the collapse of Lehman Brothers, Hank Paulson held a secret meeting with the board of Goldman Sachs in Moscow. Read the rest of this entry »
(MSNBC) – Dylan Ratigan explains in detail how Goldman Sachs has made a fortune from the taxpayer money they received from their buddies at the Treasury and the Fed and paid absolutely none of it back to the American taxpayers. Read the rest of this entry »
(WATimes) – Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson Jr. misled the public about the financial weakness of Bank of America and other early recipients of the government’s $700 billion Wall Street bailout, creating “unrealistic expectations” about the companies and damaging the program’s credibility, according to a report by the program’s independent watchdog. Read the rest of this entry »
Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over. Read the rest of this entry »
Six months since taking the reins, the Barack Obama administration has met its primary objective. It has swiftly ramped up the murderous imperial agenda inherited from Bush-Cheney while the masses, pacified and deceived by the appeal of the Obama image, pay no attention to realities.
It didn’t fly under Bush, but it might under Obama. “The Obama administration is quietly dusting off an effort to impose new federal quarantine regulations, which were vigorously resisted by civil liberties organizations and the airline industry when the rules were first proposed by the Bush administration nearly four years ago,” reports Politico. Read the rest of this entry »
Too bad Pulitzers aren’t handed out for blog-entries. This year’s award would go to Zero Hedge for its “The ‘Money on the Sidelines’ Fallacy” post. This short entry shows why the economy will continue its downward slide and why the US consumer will not get off the mat and resume spending as he has in the past. The fact is the Net Wealth of US Households has “declined from a peak of $22 trillion to just under $12 trillion in early March.” Read the rest of this entry »
You may remember American International Group (AIG). The U.S. government gave it $182 billion of taxpayer money last fall in exchange for a 78 percent stake. Of that money, $165 million went for bonuses to a handful of people in its Financial Products Group (FPG), which sold Credit Default Swaps (CDSs) on which AIG lacked the capital to make good. And $200 million more is slated for those good folks in 2009. Read the rest of this entry »
(DailyMail) – No name is more ubiquitous in the pantheon of global finance than that of Goldman Sachs. At a time when world commerce and banking has been brought to a shuddering halt by greed, excess and foolishness, this investment bank provoked astonishment and disgust this week by handing out record bonuses. Read the rest of this entry »
(MSNBC) – This is Alan Grayson on MSNBC with Dylan Ratigan and Eliot Spitzer discussing Hank Paulson and the bailouts. Grayson said about former Treasury Secretary and former Goldman Sachs CEO Hank Paulson who presided over the bailout while owning hundreds of millions in Goldman stock: Read the rest of this entry »
More information has come to light regarding former Treasury Secretary Henry Paulson’s threats to Congress last fall that martial law would ensue unless they passed the bailout bill. Read the rest of this entry »
Max Keiser calls the Goldman Sachs gang what they are– scum. – “Goldman Sachs are scum– that’s the bottom line. They have basically co-opted the government; they’ve co-opted the Treasury Department; the Federal Reserve functionality; they’ve co-opted the Obama administration. Read the rest of this entry »
We have a situation socially similar to that of the early 1990s, only this time it is twice as bad. Blue-collar workers know they won’t get their high paying jobs back, because our transnational elitist conglomerates have stolen them. They not only took our jobs, they took our dignity as well, and are hiding their profits offshore depriving our Treasury of badly needed revenue. Unemployment will continue to deteriorate thru to the end of the year and next year will only hold its own. That is going to see the rebirth of the militia movement in America. Read the rest of this entry »
(Bloomberg) – As U.S. stock markets plummeted last September, the Senate’s No. 2 Democrat, Dick Durbin, sold more than $115,000 worth of stocks and mutual-fund shares and used much of the money to invest in Warren Buffett’s Berkshire Hathaway Inc. Read the rest of this entry »
(RawStory) – The congressional panel investigating what happened to all that bank bailout money has issued a subpoena to the Federal Reserve, asking them to hand over all documents relating to the takeover of Merrill Lynch by the Bank of America. Read the rest of this entry »
Last October, then-Treasury Secretary Henry Paulson ordered nine banks that the Treasury Department described as “healthy” financial institutions to surrender ownership interests to the government or else face regulatory action that would force them to surrender ownership interests to the government, according to an internal Treasury Department document. Read the rest of this entry »
Last October, then-Treasury Secretary Henry Paulson ordered nine banks that the Treasury Department described as “healthy” financial institutions to surrender ownership interests to the government or else face regulatory action that would force them to surrender ownership interests to the government, according to an internal Treasury Department document. Read the rest of this entry »
How about a little vaccine with your corn on the cob? I’m wondering if there is going to be any room left for actual corn in corn once scientists get done adding pesticides, fertilizers and now possibly vaccines to the genetic makeup of corn. Read the rest of this entry »
Due to the lifting of the foreclosure moratorium at the end of March, the downward slide in housing is gaining speed. The moratorium was initiated in January to give Obama’s anti-foreclosure program—which is a combination of mortgage modifications and refinancing—a chance to succeed. The goal of the plan was to keep up to 9 million struggling homeowners in their homes, but it’s clear now that the program will fall well-short of its objective. Read the rest of this entry »
Obama and his public relations team have made it appear that his trillion dollars in higher taxes will fall only on “the rich.” Obama stresses that his tax increase is only for the richest 5 percent of Americans while the other 95 percent receive a tax cut. Read the rest of this entry »
This is crazy! Forget the bleating of Rush Limbaugh; the problem is not with the quite reasonable and, if anything, underfunded stimulus package, which in any case will be debated long and hard in Congress. The problem is with what is not being debated: the far more expensive Wall Street bailout that is being pushed through–as in the case of the latest AIG rescue–in secret, hurried deal-making primarily by the unelected secretary of the treasury and the chairman of the Federal Reserve. Read the rest of this entry »
A new report says that Wall Street has only itself to blame for the misguided deregulation that led to the current deepening financial crisis. Read the rest of this entry »
You won’t believe it. This isn’t about ‘our’ banks, its about taking TOXIC GARBAGE from the Chinese, British, Australians and Germans, among others… Read the rest of this entry »
