http://market-ticker.org/akcs-www?post=171582
PT Barnum once said there was a sucker born every minute. That was a long time ago, and it would seem that the suckers, having no one else left to procreate with except themselves, have now left the nation utterly incapable of realising the depths of the rational thought process.
Karl proves this point perfectly, or rather I should say the comments on Karl's blog have.
Not one comment stated, what should have been the obvious, that Palin, as well as the rest of the Tea Party, have left out of their political platforms.
The over taking of "OUR" Nation and the enslavement of "OUR" people through the economic art of embezzlement, by the actions of Ben Bernanke for the further empowerment of the Federal Reserve, or by Timothy Geithner's misuse of the United States Treasury for furthering the agendas of his honorary governorship of the IMF.
All the tits and ass in the world will not be distraction enough for what Ben and Timmy have done and are now currently continuing to do, through the process of QE2, for the total debasement, of any type of buying power for the dollar.
Starvation can be a real eye opener, but by then it will be to late to do anything about it.
America you must ban together and take back your nation now, or there is NO FUTURE for you or your children, other than that of Zimbabwe, where a loaf of bread, if you can afford it, cost 10 thousand dollars.
My my my, what lovely sheep you are.
Last night I posted a commentary that Sarah Palin will be delivering today.
She, like all modern politicians, reads from a teleprompter. Wow. I'm impressed. For the record, in all of my public-speaking engagements, I've never used one. Even when it was offered. I don't believe in them.
20, 30, 40 or more years ago, there wasn't one. I will sometimes bring a set of cue cards with me to the podium, and others have historically done that as well. In my view, if you can't orate from your mind, you can't orate. Anyone can stuff a suit or a blouse - witness the bubbleheads on TV every day.
Are you selling your words? Or are you selling your **** - or penis?
(Get over it folks - sex sells and always has. When was the last time you saw an ugly TV news anchor?)
Nonetheless, I want to focus this commentary on the responses to that Ticker.
They're not only sad, they're a reflection of us. Some short excerpts:
Showing posts with label US Treasury. Show all posts
Showing posts with label US Treasury. Show all posts
Monday, November 8, 2010
Thursday, October 28, 2010
Verizon Wireless to Pay Record $25 Million Over `Mystery Fees,' FCC Says
http://www.bloomberg.com/news/2010-10-28/verizon-wireless-to-pay-record-25-million-over-mystery-fees-fcc-says.html
But the US Treasury doesn't keep the money, it goes straight to the Federal Reserve.
The question is WHY?
How much money is the Federal Reserve fleecing from America?
The U.S. Federal Communications Commission’s Enforcement Bureau said it reached a consent decree with Verizon Wireless, including a record $25 million payment to the U.S. Treasury, regarding “mystery fees”
But the US Treasury doesn't keep the money, it goes straight to the Federal Reserve.
The question is WHY?
How much money is the Federal Reserve fleecing from America?
The U.S. Federal Communications Commission’s Enforcement Bureau said it reached a consent decree with Verizon Wireless, including a record $25 million payment to the U.S. Treasury, regarding “mystery fees”
Wednesday, October 27, 2010
Treasury: Foreclosure woes not systemic threat
http://finance.yahoo.com/news/Treasury-Foreclosure-woes-not-rb-2286295932.html?x=0&sec=topStories&pos=8&asset=&ccode=
I had to laugh that it was a member of the oversight panel that corrected Phyllis, after all she is the chief of Treasury's Homeowner Preservation Office.
And you wonder why are country is swirling down the toilet drain. With people like Phyllis running the show, we don't stand a chance of survival.
The U.S. Treasury does not see a systemic financial threat from the risk that banks will be forced to buy back mortgage securities due to faulty foreclosure documents, a senior Treasury official said on Wednesday.
A member of the Congressional Oversight Panel, Damon Silvers, objected to Treasury's benign view of the threat, citing a demand by eight large investors, including the Federal Reserve Bank of New York, that Bank of America (NYSE:BAC - News) take back some $47 billion in mortgage bonds because of mishandled mortgages backing them.
According to Fed estimates, Bank of America would likely have to book a $23 billion loss on the securities if forced to buy them back, Silvers said.
"Five such requests, if honored, to Bank of America will amount to more than the current market capitalization of Bank of America, which is now $115 billion," Silvers told Caldwell.
"Now, do you wish to retract your statement that there is no systemic risk in this situation? And the word is risk -- not certainty -- but risk," he added. "I would urge you to do so because these things can become embarrassing later."
I had to laugh that it was a member of the oversight panel that corrected Phyllis, after all she is the chief of Treasury's Homeowner Preservation Office.
And you wonder why are country is swirling down the toilet drain. With people like Phyllis running the show, we don't stand a chance of survival.
The U.S. Treasury does not see a systemic financial threat from the risk that banks will be forced to buy back mortgage securities due to faulty foreclosure documents, a senior Treasury official said on Wednesday.
A member of the Congressional Oversight Panel, Damon Silvers, objected to Treasury's benign view of the threat, citing a demand by eight large investors, including the Federal Reserve Bank of New York, that Bank of America (NYSE:BAC - News) take back some $47 billion in mortgage bonds because of mishandled mortgages backing them.
According to Fed estimates, Bank of America would likely have to book a $23 billion loss on the securities if forced to buy them back, Silvers said.
"Five such requests, if honored, to Bank of America will amount to more than the current market capitalization of Bank of America, which is now $115 billion," Silvers told Caldwell.
"Now, do you wish to retract your statement that there is no systemic risk in this situation? And the word is risk -- not certainty -- but risk," he added. "I would urge you to do so because these things can become embarrassing later."
Friday, October 1, 2010
Credit Unions Receive TARP Bailout Funds
http://online.wsj.com/article/SB10001424052748703859204575525820745204374.html?mod=WSJ_hpp_sections_smallbusiness
The recycling of TARP on a last minute makeover. Slipped in, in the final moments of the game to keep the game going.
Our financial system is totally broke.
Dozens of credit unions are among the last recipients of money from the government's financial bailout.
The U.S. Treasury in recent weeks provided 48 credit unions with $69.91 million through a program aimed at boosting small-business lending in underserved communities, ahead of the Oct. 3 expiration of bailout authority under the Troubled Asset Relief Program
Credit union regulators had approved requests for funding from 85 credit unions, but some withdrew their applications because of compensation restrictions and documentation requirements.
The credit unions that did receive funding had to wait until the government was within weeks of losing its spending authority under TARP, a once $700 billion bailout fund that has since shrunk to $475 billion.
The recycling of TARP on a last minute makeover. Slipped in, in the final moments of the game to keep the game going.
Our financial system is totally broke.
Dozens of credit unions are among the last recipients of money from the government's financial bailout.
The U.S. Treasury in recent weeks provided 48 credit unions with $69.91 million through a program aimed at boosting small-business lending in underserved communities, ahead of the Oct. 3 expiration of bailout authority under the Troubled Asset Relief Program
Credit union regulators had approved requests for funding from 85 credit unions, but some withdrew their applications because of compensation restrictions and documentation requirements.
The credit unions that did receive funding had to wait until the government was within weeks of losing its spending authority under TARP, a once $700 billion bailout fund that has since shrunk to $475 billion.
Thursday, February 25, 2010
Fed to Get $200 Billion Boost
http://online.wsj.com/article/SB10001424052748703503804575083920751605784.html?mod=WSJ_economy_LeftTopHighlights
The Treasury said it will borrow $200 billion and leave the cash proceeds on deposit with the Federal Reserve, reviving a program that will make it easier for the Fed to raise interest rates when the time comes.
The Treasury said it will borrow $200 billion and leave the cash proceeds on deposit with the Federal Reserve, reviving a program that will make it easier for the Fed to raise interest rates when the time comes.
Saturday, January 9, 2010
401k screw job coming
http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Coming.html
A spade is a spade,
It's time to ask what they can take and enforce next.
Because that is the only probability that can happen, until there are no more probabilities to engage in, because they've all been used up and we as a nation have been leveraged for everything we're worth?
And the question is what state will our nation be in then?
How much is a future worth if your putting it up for Hock?
Now this is a guaranteed rape job.
In a short conversation this noontime that CNBC apparently has omitted from their archives (Why's that folks?) Rick Santelli was talking about a potential to effectively force money into the Treasury market.
Where would they get this?
From your 401k and IRA accounts!
From Businessweek:
The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.
Let me tell you what this is - it is an attempt to prevent the collapse of the Treasury market!
A spade is a spade,
It's time to ask what they can take and enforce next.
Because that is the only probability that can happen, until there are no more probabilities to engage in, because they've all been used up and we as a nation have been leveraged for everything we're worth?
And the question is what state will our nation be in then?
How much is a future worth if your putting it up for Hock?
Now this is a guaranteed rape job.
In a short conversation this noontime that CNBC apparently has omitted from their archives (Why's that folks?) Rick Santelli was talking about a potential to effectively force money into the Treasury market.
Where would they get this?
From your 401k and IRA accounts!
From Businessweek:
The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.
Let me tell you what this is - it is an attempt to prevent the collapse of the Treasury market!
Thursday, October 15, 2009
Geithner aides made millions on Wall Street
http://www.ft.com/cms/s/0/f012c4b2-b8f6-11de-98ee-00144feab49a.html
Obama administration officials now working on fixing and regulating the financial system were beneficiaries of several million dollars in pay from Wall Street and private equity companies, it has been revealed.
Financial disclosure forms show that prior to joining the government, Gene Sperling, a senior Treasury adviser, was paid $887,727 by Goldman Sachs and $158,000 for speeches to companies that included Stanford Group, the company run by Sir Allen Stanford, who has since been charged with fraud.
Mr Sperling’s compensation from Goldman was for work on a philanthropic project. His overall pay, including for his main job at the Council on Foreign Relations, totalled $2.2m in the 13 months to January.
The forms, which were first obtained by Bloomberg, showed that Matthew Kabaker, another adviser in the Treasury, earned $5.8m at Blackstone, the private equity firm, in the two years before joining the administration to work on plans to support banks and spur lending. Much of the compensation was in stock.
Lewis Alexander, another adviser, was chief economist to Citigroup before joining the administration; he was paid $2.4m in the last two years.
Even though some of the officials whose previous salaries were disclosed are senior, many were appointed as “counselors”, meaning they escaped Senate confirmation hearings which could have highlighted their past remuneration and employment at a time of heightened animosity towards the financial industry.
Earlier this month the release of the telephone call logs of Tim Geithner, Treasury secretary, showed he had numerous conversations with a number of Wall Street executives, sparking allegations that the administration was too close to the industry
Obama administration officials now working on fixing and regulating the financial system were beneficiaries of several million dollars in pay from Wall Street and private equity companies, it has been revealed.
Financial disclosure forms show that prior to joining the government, Gene Sperling, a senior Treasury adviser, was paid $887,727 by Goldman Sachs and $158,000 for speeches to companies that included Stanford Group, the company run by Sir Allen Stanford, who has since been charged with fraud.
Mr Sperling’s compensation from Goldman was for work on a philanthropic project. His overall pay, including for his main job at the Council on Foreign Relations, totalled $2.2m in the 13 months to January.
The forms, which were first obtained by Bloomberg, showed that Matthew Kabaker, another adviser in the Treasury, earned $5.8m at Blackstone, the private equity firm, in the two years before joining the administration to work on plans to support banks and spur lending. Much of the compensation was in stock.
Lewis Alexander, another adviser, was chief economist to Citigroup before joining the administration; he was paid $2.4m in the last two years.
Even though some of the officials whose previous salaries were disclosed are senior, many were appointed as “counselors”, meaning they escaped Senate confirmation hearings which could have highlighted their past remuneration and employment at a time of heightened animosity towards the financial industry.
Earlier this month the release of the telephone call logs of Tim Geithner, Treasury secretary, showed he had numerous conversations with a number of Wall Street executives, sparking allegations that the administration was too close to the industry
Wednesday, July 1, 2009
THE GREAT AMERICAN BUBBLE MACHINE
http://www.correntewire.com/great_american_bubble_machine_0
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again
By MATT TAIBBI
The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who's Who of Goldman Sachs graduates.
By now, most of us know the major players. As George Bush's last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton's former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup - which in turn got a $300 billion taxpayer bailout from Paulson. There's John Thain, the rear end in a top hat chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multibillion-dollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain's sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden parachute payments as his bank was self-destructing. There's Joshua Bolten, Bush's chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailed-out insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York - which, incidentally, is now in charge of overseeing Goldman - not to mention ...
But then, any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain - an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
The bank's unprecedented reach and power have enabled it to turn all of America into a giant pump-and-dump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere - high gas prices, rising consumer-credit rates, half-eaten pension funds, mass layoffs, future taxes to pay off bailouts. All that money that you're losing, it's going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it's going: The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth - pure profit for rich individuals.
They achieve this
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again
By MATT TAIBBI
The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who's Who of Goldman Sachs graduates.
By now, most of us know the major players. As George Bush's last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton's former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup - which in turn got a $300 billion taxpayer bailout from Paulson. There's John Thain, the rear end in a top hat chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multibillion-dollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain's sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden parachute payments as his bank was self-destructing. There's Joshua Bolten, Bush's chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailed-out insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York - which, incidentally, is now in charge of overseeing Goldman - not to mention ...
But then, any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain - an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
The bank's unprecedented reach and power have enabled it to turn all of America into a giant pump-and-dump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere - high gas prices, rising consumer-credit rates, half-eaten pension funds, mass layoffs, future taxes to pay off bailouts. All that money that you're losing, it's going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it's going: The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth - pure profit for rich individuals.
They achieve this
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