OK, so that didn’t work. After a bunch of all-nighters in Washington and some premature back-slapping, we’re right back where we were a couple of weeks ago, after Lehman Brothers declared bankruptcy and the government lent AIG $85 billion. There’s no one-size-fits-all bailout plan, after all. That $700 billion in taxpayer money remains under lock [...]
WASHINGTON — Almost until the early afternoon vote Monday on the financial rescue plan, voters bombarded congressional offices, protesting almost in unison: Don’t bail out renegade financial executives and companies. On Monday, House members, who face the voters in five weeks, listened to their constituents rather than their party leaders and rejected the $700 billion [...]
“So now they try to solve the problem by having this credit bubble actually extended and I think the $700 billion will be like a drop in the bucket because the total credit market in the U.S. is something close to $60 trillion, then you have the CDS market – credit default swap – of [...]
NEW YORK (Fortune) — While Congress and Bush administration officials have been working to complete a bailout plan and stem the financial contagion on Wall Street, a different kind of economic crisis emerged across the South this week: A severe, hurricane-related gasoline shortage has curtailed trucking from Atlanta to Asheville, N.C., and created a wave [...]
By David Wong Brainwashing doesn’t take any sci-fi gadgetry or Manchurian Candidate hypnotism bullshit. There are all sorts of tried-and-true techniques that anyone can use to bypass the thinking part of your brain and flip a switch deep inside that says “OBEY.” Now I know what you’re thinking. “Sure, just make an ad with some [...]
“Since 9/11, our Constitutional rights have been systematically dismantled: USA Patriot Act – A 342 page document presented to Congress one day before voting on it that allows the government access to your bank and email accounts, as well as your medical and phone records with no court order. They can also search your home [...]
Written on September 25, 2008 | Posted in
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Congressman Ron Paul (R-TX) lectures Ben “Bilderberg” Bernanke on the flaws of the bailout plan and the hazard of the attempt to fix prices versus letting them correct naturally in the free market at the Congressional Hearing today. Paul told Bernanke, “The lack of understanding the depression is one of our problems … in the [...]
Written on September 24, 2008 | Posted in
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As the burgeoning American police state continues to form, it appears that the U.S. military wants in on the action according to a recent Army Times article appearing below. The article indicates that the Army’s 3rd Infantry Division’s 1st Brigade Combat Team, also known as the ‘Raiders‘, has been assigned to U.S. Northern Command located [...]
ISLAMABAD: Was there a top secret and mysterious operation of the US Marines going on inside the Marriott when it was attacked on Saturday evening? No one will confirm it but circumstantial evidence is in abundance. Witnessed by many, including a PPP MNA and his friends, a US embassy truckload of steel boxes was unloaded [...]
Written on September 23, 2008 | Posted in
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The Bush administration’s $700 billion financial bailout is roughly what the United States has spent so far on the Iraq war and would raise the national debt ceiling to $11.3 trillion. Despite the enormous scale of the request, the Bush administration is demanding that Congress “place no restrictions on the administration other than requiring semiannual [...]
It certainly pays to be Treasury Secretary if your former firm is a brokerage house, a new study says. Goldman Sachs Group — formerly run by Treasury Secretary Henry Paulson, and Morgan Stanley, stand to be among the biggest beneficiaries of a $700 billion US bailout. “Its benefits, in its current form, will be largely [...]
In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night. The theory, according to a participant in the negotiations, is that if the goal is to solve a liquidity [...]
NATIONAL ID & THE CONUNDRUM OF ENFORCEMENT By: Devvy September 18, 2008 © 2008 – NewsWithViews.com The clock is ticking on the shadow government’s tracking of your every move with the so-called National ID. For those who might not be familiar with this Nazi style snooping and forced production of “Show your papers,” Rep. Sam [...]
Panic is the word of the hour on Wall Street. Now even Morgan Stanley is fighting for survival. The commercial bank Wachovia and China’s Bank Citic are being discussed as possible rescuers. The crisis has led President Bush to cancel a trip. The original plan actually called for humor. On Wednesday evening, actress Christy Carlson [...]
Newly released footage, which was buried to avoid confiscation, shows riot cops arresting and abusing a giant group of people for nothing. Now that we’ve had a few weeks to settle, a look back at Labor Day in the Twin Cities. Labor Day was of course also Day One of the Republican National Convention. Video [...]
